综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

China Railway Corporation liabilities up in Q1

Xinhua | Updated: 2013-05-03 15:30

BEIJING -- The China Railway Corporation, a new national railway operator that has taken over the business operations of the defunct Ministry of Railways (MOR), posted losses in the first quarter, with its debt-to-asset ratio up slightly to 62.31 percent, according to a recently issued financial report.

By the end of March, the company's total liabilities stood at 2.84 trillion yuan ($457 billion) from 2.79 trillion yuan at the end of 2012, according to an audit report posted on ChinaMoney, an official website for China's money market.

The corporation's total assets stood at 4.56 trillion yuan by the end of the first quarter, marking a debt-to-asset ratio of 62.31 percent, according to the report.

The ratio was slightly up from 62.23 percent at the end of last year and higher than 60.63 percent at the end of 2011.

During the first three months, the state-owned giant posted negative profits after tax of 6.88 billion yuan while taking out local and foreign loans valued at 100.9 billion yuan, according to the report.

The report did not cite a reason for the corporation's net losses.

In March 2013, the central government adopted a cabinet reshuffling plan that included the dismantling of the former MOR into administrative and business arms to reduce bureaucracy and improve efficiency.

With registered capital of 1.04 trillion yuan, the China Railway Corporation took over all of the MOR's related assets and liabilities and went into business on March 17.

The company is expected to address the MOR's high remaining debt and improve the country's massive railway network.

According to a government plan, China will invest 520 billion yuan in railway infrastructure this year, with 5,200 km of new railways scheduled to go into operation.

The China Railway Corporation said in April that investment in railway infrastructure increased 28 percent year on year to 54.51 billion yuan during the January-March period.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
漳州市| 昌宁县| 全州县| 桂东县| 茶陵县| 永嘉县| 池州市| 安陆市| 鄢陵县| 青浦区| 永修县| 镇平县| 资源县| 虎林市| 龙胜| 河源市| 漳平市| 茌平县| 格尔木市| 海门市| 兴义市| 太仆寺旗| 崇礼县| 贵定县| 贡山| 中西区| 巴林右旗| 株洲县| 博湖县| 重庆市| 双峰县| 望奎县| 河南省| 天津市| 平阴县| 阜平县| 腾冲县| 巴塘县| 杂多县| 白河县| 镇安县|