"In 2023, China Railway will achieve revenue of 1,245.4 billion yuan and net profit of 3.3 billion yuan!" It sparked a heated discussion from all walks of life.
This beautiful performance card indicates that China's railways are experiencing an unprecedented turning point. Once upon a time, railways were regarded as the "big money burners" of the country's bottomless pit of capital. Now, the state-owned giant, which operates the world's largest railway network, has finally reversed years of losses and regained its luster on the stage of profitability.
This impressive list of achievements is not a simple pile-up. In the late 90s of the last century, when the market-oriented reform began, China's railways were like a behemoth soaring in the air on a narrow route, which could crash at any time due to an imbalance in the center of gravity. And now, it has finally firmly entered the blue blue road to profitability. This road of turning around losses and reversing losses embodies the wisdom and sweat of countless railway people.
The battle to reduce costs and increase efficiency
On the road of reform, reducing costs and increasing efficiency is the tireless theme of China's railway people. In order to fundamentally improve operational efficiency, the railway system continues to optimize the transportation organization, vigorously promote advanced technology, and adhere to scientific methodology innovation.
For example, in terms of freight organization, China Railway has greatly improved freight efficiency through measures such as refined transportation and centralized marshalling. Coupled with technological innovations such as unified dispatching and command, intelligent shunting and other technological innovations, the operating time of trucks has been shortened by nearly one-third, and energy consumption has also decreased simultaneously.
In terms of passenger transport organization, China Railway has innovatively launched the "Fuxing" EMU train, creating a new operation system of "accurate arrival at the station and no blind driving". By minimizing the human factor in the operation process, it not only greatly improves energy efficiency, but also brings a new travel experience to passengers.
In addition, in the management of facilities and stations, China Railway has promoted the application of a new generation of information technology on a large scale, creating a new model of intelligent operation and maintenance and refined management. From daily maintenance to major projects, advanced equipment such as robots, drones, and intelligent detection are ubiquitous, effectively improving the service life and maintenance efficiency of facilities, and greatly reducing operating costs.
In this battle that has lasted for many years, China's railways have shown unprecedented innovation vitality. It is with this determination and courage that people have the opportunity to experience the ever-changing face of China's railways in the new era.
A financial road to a wide range of industries
Improving operational efficiency is just one aspect of China's railways' quest to make a profit. At the other end of the spectrum, this super state-owned enterprise is also actively expanding its financial channels and cultivating new revenue growth points.
Continuing to deepen the main business is the foundation of Cailu. In terms of freight transportation, China Railway has persevered in key industries, and has greatly consolidated the freight foundation by integrating transportation capacity resources and strengthening the organization of cargo sources. Taking the transportation of bulk commodities such as coal as an example, over the years, China Railway has continued to increase its organizational efforts, continuously optimize its logistics mode and service quality, and its freight volume and transportation efficiency have continued to rise.
Diversification is another way to make money. In 2023, China Railway will integrate and reorganize a number of holding listed companies, and successively launch a series of emerging industries, such as railway logistics, catering services, real estate operations, etc. In addition, in the field of capital operation and financial services, China Railway has also shown increasingly mature capabilities, and has greatly enriched its sources of funds through bond issuance and financing, asset securitization and other means.
There is a long way to go in innovation and development
An unprecedented take-off has begun, but for China's railways, it is still in a critical period of development. In the face of the future, it needs to further consolidate and expand the achievements of turning losses into profits, and continue to stride forward on the road of innovation and development.
The improvement of service quality is an eternal theme. At present, China's railways are comprehensively promoting the transformation of service concepts, and improving the passenger experience is a top priority. By building a complete passenger service system, we will continue to improve the conditions of trains, stations and other facilities, and continuously optimize the operation organization, and strive to provide passengers with the ultimate comfortable and convenient journey.
Green and low-carbon has become a major trend in the development of the industry. China Railway has begun to fully deploy clean energy applications, energy conservation and emission reduction, and actively promote the green development of rail transit. For example, in the power system, the full adoption of clean energy has become the latest strategic deployment; In the field of equipment manufacturing, the concept of green design and manufacturing has been deeply rooted in the hearts of the people. At the same time, China Railway is also actively connecting with the upstream and downstream industrial chains to jointly create a recycling, low-carbon and environmentally friendly development path.
A higher level of connectivity is an inevitable choice for development. As the main body of the country's comprehensive transportation system, China's railways are accelerating the deep integration with other modes of transportation. For example, in urban agglomeration areas, China's railways have begun to seamlessly connect with urban transportation systems such as subways and buses, and strive to create an integrated travel service from door to door. At the same time, China Railway is also increasing its connection with aviation, highway and water transport to provide passengers with more intelligent and seamless transfer and transfer services.
A prosperous era has begun, and China's railways will surely go farther and farther on this road of innovation and development. In the process, we will witness a more modern, smarter and more sustainable image of China's railways.