China State Railway Group Co., Ltd. (China Railway) has seen a stable recovery from the pandemic in the first half of the year, data from China Railway showed.
The company's revenue expanded by 98.2 billion yuan (about 15.2 billion U.S. dollars) from the same period last year to 512.8 billion yuan in the January-June period, said China Railway.
But it reported 50.7 billion yuan in losses, 44.8 billion yuan less than the same period last year.
A total of 298.9 billion yuan was invested in railway fixed assets, while 1,138 km of new railway lines, including 505 km of high-speed railway, were put into operation in the first half of the year.
The railways transported nearly 1.33 billion passengers, up 64.5 percent year on year in the first six months. Passenger transport revenue reached 156.23 billion yuan, up 66.8 percent year on year.
The railway freight volume went up 8.9 percent year on year to 1.85 billion tonnes with the revenue up 13.9 percent to 213.77 billion yuan in the first half of the year.