On April 26, China Railway Real Estate Group Co., Ltd. (hereinafter referred to as "China Railway Real Estate") released its 2023 annual report.
In 2023, China Railway Real Estate will achieve operating income of 37.743 billion yuan, a year-on-year increase of 12.76%; The net profit was 114 million yuan, compared with a loss of 1.749 billion yuan in the previous year.
In 2023, China Railway Real Estate will have total assets of 171.616 billion yuan, total liabilities of 128.150 billion yuan, and an asset-liability ratio of 74.67%.
In 2023, the inventory of China Railway Real Estate will be 97.546 billion yuan, a decrease of 6.281 billion yuan, or 6%, from 103.827 billion yuan in 2022.
In 2023, the directors, supervisors, senior managers or personnel performing equivalent duties of China Railway Real Estate will be changed. On January 11, 2023, Sun Yuguo was appointed as the safety director of China Railway Real Estate; On April 21, 2023, Wu Yang was appointed as the chief economist of China Railway Real Estate, and his original other positions remained unchanged; On May 18, 2023, Cao Shaowei was appointed as the general counsel and chief compliance officer of China Railway Real Estate; On May 30, 2023, Wu Huasong was appointed as the chairman of the board of supervisors of China Railway Real Estate Group Co., Ltd.
China Railway Real Estate is a wholly-owned subsidiary of China Railway Co., Ltd., established in February 2007 with a registered capital of 13.147 billion yuan, and the legal representative is Yang Zhiyan. The business scope includes real estate development and operation, planning and consulting; construction of construction projects, etc.