The Ministry Of Railways Lost Two Trillion Of Its Liabilities.

Yesterday, the Ministry of finance of the Ministry of Railways announced the Ministry of Railways' main financial affairs in the first half of 2011.

The financial data report is published on the website of the Shanghai clearing house.

It is understood that "

[profit] the Ministry of Railways turned into a profit in the second quarter.

According to the Ministry of Railways' main financial and operational data report in the first half of 2011, the total revenue of the Ministry of Railways' pport enterprises is 352 billion 550 million yuan, the total cost (including tax) is 347 billion 330 million yuan, and the profit margin is 4 billion 290 million yuan.

According to the main financial data report released by the Ministry of Railways in the first quarter of 2011, it lost 3 billion 760 million yuan in the first quarter.

Wang Yongping, a spokesman for the Ministry of railways, said losses were mainly due to rising raw material prices and rising diesel prices.

For example, in the first quarter of this year, the price of diesel increased by nearly 1000 yuan per ton compared with the same period last year, which only increased the cost of railway enterprises by 1 billion 550 million yuan.

At the same time, the price of steel, accessories and maintenance materials is also an important factor causing losses.

"We will take effective measures to ensure that railway pport enterprises develop in a healthy and orderly way."

Based on the above data, the Ministry of railways made a profit of 8 billion 50 million yuan in the second quarter.

[explanation] the main reason is the rise in gross margin.

Why is the first quarter loss profitable in the second quarter?

Chen Yujing, an accounting professor at University of Shanghai for Science and Technology, said the railway department lost its first quarter, and the main reason for its profit in the first half of the year was

If the price of raw materials and other reasons have not changed, it can generally be considered: first, the increase in gross profit margin caused by the backlog of inventories; two, the increase in sales prices will lead to a rise in gross margin.

From the financial statements of the Ministry of Railways in recent three years, its inventory backlog data showed a continuous rise.

Liabilities increased slightly by 58.53%.

During the two sessions this year, Sheng Guangzu, Minister of railways, told an interview with the newspaper that the liabilities of railway enterprises amounted to about 18000 billion yuan, with a total assets of about 33000 billion yuan and a debt ratio of about 56%.

In the first quarter of 2011, the Ministry of Railways showed that the total assets of railway enterprises amounted to 34058 billion yuan, with a total debt of 19836 billion yuan and a debt ratio of more than 58.24%.

According to the latest report of the Ministry of Railways on major financial and operational data in the first half of 2011, the railway company has liabilities of 20907 billion yuan, with a total assets of 35718 billion yuan, with a debt ratio of 58.53%, a slight increase compared with the first quarter.

[interpretation] the Ministry of Railways has great financial pressure.

Beijing Jiaotong University Professor Europe national analysis said that from the current data, the Ministry of Railways's debt and debt ratio is not low, financial pressure is relatively large.

According to the current trend, the Ministry of Railways will further increase its financing and increase its liabilities.

Because the Ministry of Railways has a high debt ratio, there will be more financing entities, including banks.

European state said, how to ensure the financial sustainability of railway development should arouse the attention of the railway sector.

The Ministry of railways may have to think seriously about the speed of high-speed rail development.