China's railway ministry posts debts of 2 trillion yuan
- By Yang Xi
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China.org.cn, August 2, 2011
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The Ministry of Railway posts debts of 2 trillion yuan, according to a report released by the ministry. |
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China's railway ministry posts debts of 2 trillion yuan |
鐵道部負(fù)債兩萬億 |
| China's Ministry of Railways revered first quarter losses to post profits of 4.29 billion yuan (US$667 million) for the first half of this year, but it ended the second quarter deeper in debt than ever, owing creditors 2 trillion yuan (US$311 billion), according to a report released by the Shanghai Clearing House. | 昨日，鐵道部財(cái)務(wù)司公布的《鐵道部2011年上半年主要財(cái)務(wù)及經(jīng)營數(shù)據(jù)報(bào)告》顯示，鐵道部所屬運(yùn)輸企業(yè)2011年上半年盈利42.9億元，總負(fù)債首破2萬億，負(fù)債率為58.53%。 |
| The report by the interbank clearinghouse said the ministry's debt-to-assets ratio, a gauge of financial health, reached 58.53 percent at the end of the second quarter, reflecting the heavy debt burden incurred by the country's rapid railway expansion. | 財(cái)務(wù)數(shù)據(jù)報(bào)告刊登在“上海清算所”網(wǎng)站。據(jù)了解，“上海清算所”是銀行間市場(chǎng)清算所股份有限公司商標(biāo)，是經(jīng)財(cái)政部、中國人民銀行批準(zhǔn)成立的專業(yè)清算機(jī)構(gòu)。 |
| The railway ministry reported revenue of 352.55 billion yuan (US$ 55 billion) in the first half of this year, and posted profits of 4.29 billion yuan (US$ 667 million), putting the agency back in the black after big losses in the first quarter. | 報(bào)告顯示，鐵道部所屬運(yùn)輸企業(yè)營業(yè)總收入為3525.5億元，利潤盈利42.9億元。 |
| The ministry reported losses of 3.76 billion yuan (US$ 584 million) in the first quarter, which it has attributed to price hikes of raw materials and diesel fuel. | 根據(jù)鐵道部之前公布的2011年第一季度主要財(cái)務(wù)數(shù)據(jù)報(bào)告，第一季度虧損37.6億元。鐵道部新聞發(fā)言人王勇平表示，虧損主要原因是原材料價(jià)格上漲和柴油價(jià)格上漲。 |
| It had total assets of 3.4058 trillion yuan (US$ 529 billion) by the end of the first quarter of this year, and its asset-liability ratio hit 58.24 percent. | ?鐵道部2011年第一季度財(cái)務(wù)數(shù)據(jù)顯示，鐵路企業(yè)總資產(chǎn)為34058億元，總負(fù)債19836億元，負(fù)債率超過58.24%。 |
| The railway ministry has a high asset-liability ratio, indicating it is under significant financial pressure, said Ou Guoli, a professor at Beijing Jiaotong University. It will continue the financing, which will lead to more debts, Ou said. | ?北京交通大學(xué)教授歐國立分析說，從目前數(shù)據(jù)看，鐵道部的負(fù)債和負(fù)債率都不算低，財(cái)務(wù)壓力比較大。按目前的趨勢(shì)，鐵道部下一步的融資會(huì)更大，負(fù)債也會(huì)進(jìn)一步加大。 |
???? China's business press carried the story above on Tuesday.
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