Everyone knows that Evergrande is a debt 25 trillion, but now there is a company with more debts than Evergrande, the debt is 6 trillion, some people exclaim that this is a state-owned enterprise, and the debt ratio is so high, what is the reason for the debt?Will such a high level of debt solve the debt problem in the future, and will it form a financial risk?This company is called China State Railway Group China Railway Corporation. As we all know, the current railway network across the country is owned by China National Railway, and the high-speed railway, including the current one, is also owned by China Railway Group. Then it is conceivable that the national railway has a debt of 6 trillion yuan, and the reason is mainly the investment and construction debt, which is a major component of the national railway's debt.
And in recent years, we have seen that between cities and cities across the country, between some small counties and large cities, there are railways, and the development of high-speed rail is changing with each passing day, basically there are high-speed rail businesses all over the country, which also leads to the national railway group continues to borrow money to build railways, so the construction of railways is more to undertake public utilities, the purpose of serving the people, then debt is inevitable, which is completely different from Evergrande's real estate operating liabilities, Evergrande's liabilities are completely borrowing the new to repay the old, constantly snowballing, and eventually leading to 2.5 trillion in debt.
The state-owned enterprise group not only has the function of operation, but also has the function of public utilities to serve the people, which also leads to the fact that although the debt of the national railway is said to be 6 trillion, it is to meet the economic and cultural exchanges between our regions, with more public welfare undertakings. As of the first half of 2022, the total operating income of China Railway Group was 485.7 billion yuan, a year-on-year decrease of 27.1 billion yuan, and the net profit was a loss of 80.4 billion yuan, an increase of 58% from the loss of 50.7 billion yuan in the same period last year5%, that is, there may be more losses this year, because the current railway is more from cargo transportation and passenger transportation, and the cargo transportation volume in 2022 is constantly growing, and the growth is 96%, is the revenue is reached 234.4 billion yuan.
But at the same time, passenger revenue is a significant decline, only less than 100.0965 billion yuan, a year-on-year decrease of 59.9 billion yuan, a decline of 383%。From one side, it can be seen that the transportation of passengers is constantly declining, and the transportation of goods is constantly growing, which is rising and falling. For China Railway Group, although it is said to be a loss, the economic value it brings is greater than its actual loss value. The debt ratio of China Railway Group is 6681%, by all accounts, the current debt ratio, although very high, has not yet reached insolvency, and its assets are far greater than its liabilities.
From all aspects, more of the liabilities of the China Railway Group come from some high-quality assets, and the long-term operation of these high-quality assets will also bring a steady stream of income to state-owned enterprises, so on the whole, the liabilities of the China Railway Group are still controllable. Moreover, as a railway hub of the country, it is an important link between the various cities of the country, which is equivalent to a large blood vessel of the human body, and the smooth flow of blood vessels can ensure the reasonable and normal operation of a country's economy. Therefore, the significance of the actual railway transportation is far greater than the significance of its debts and losses, and more of the national railway group represents the will of the country's economic level.
Therefore, I don't think there is any need to make a fuss about the 6 trillion yuan debt of the national railway, after all, the railway construction is a project with heavy investment and heavy assets, and the investment in the national railway will continue to increase investment in the future. We see that some remote areas such as Guizhou, Yunnan, and Xinjiang are still increasing investment in the construction of railways, and it can be seen from all aspects that increasing investment in railways will have long-term strategic significance for our country.