Aerial photo taken on Dec. 16, 2019 shows a bullet train running on the Xixi River grand bridge of the Chengdu-Guiyang railway in southwest China's Guizhou Province. (Xinhua/Yang Wenbin)
BEIJING, Feb. 1 (Xinhua) -- Sichuan Railway Investment Group Co,.Ltd (SRIG) earned 1.7 billion yuan (about 264.5 million U.S. dollars) of profits in 2020, a year-on-year increase of 75 percent, according to the group on Monday.
It ranked the 184th in the list of top 500 Chinese enterprises in 2020, with total assets under management reaching 420 billion yuan, an increase of 9.1 percent year-on-year.
Its operating income went up 4 percent year-on-year to about 120.6 billion yuan in 2020.
In 2020, on the basis of the original business of investing in the railways and expressways, the group also took the transit-oriented development (TOD) as its main business. It completed investment of about 45 billion yuan in the field, accounting for 83 percent of its main investment, according to Zhang Sheng, vice chairman of the SRIG.
TOD includes a mix of commercial, residential, office and entertainment centered around or located near a transit station.
Tang Yong, chairman of the SRIG, said that during the 14th Five-Year Plan period from 2021 to 2025, the group will seize the opportunities brought about by the Belt and Road Initiative (BRI), Chengdu-Chongqing economic circle, and the digital economy projects to accelerate its development.
SRIG, a state-owned financing and investing platform, with registered capital of 20 billion yuan, officially went into operation on December 26, 2008. It is engaged mainly in investment,construction and operation of national and provincial key railways and highways. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)
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