1、2023ANNUAL REPORTStock Code:390(a joint stock limited company incorporated in the Peoples Republic of China with limited liability)Jinshawan Ecological Park1.Cable-Stayed Bridge,Chengdu South Railway Station2.Wanan Tunnel,Nanchang to Ganzhou Railway3.Chengdu-Yaan High-speed Railway4.Assembly and Deb
2、ugging of Shield MachineCover Legend2431Company Profle3Financial Summary4Chairmans Report6Changes in Share Capital and Information on Shareholders9Business Overview17Management Discussion and Analysis40Biography of Directors,Supervisors and Senior Management53Report of the Directors65Report on Corpo
3、rate Governance Practices80Independent Auditors Report101Financial Statements109Signifcant Events282Environmental and Social Responsibility320Defnition and Glossary of the Technical Terms329Company Information331CONTENTSGuangming ExpresswayNo 2 Line of Nanjing SubwayYangjiabao Sewage Treatment Plant
4、Xuzhou East Railway Station2CHINA RAILWAY GROUP LIMITED 2023 ANNUAL REPORTSNAPSHOT OF ANNUAL REPORT05,00010,00015,00020,00025,00030,00035,000202320222021New contractsYear-on-year increase2.2%(RMB100 million)27,293.230,323.931,006.003,0006,0009,00012,00015,000202320222021RevenueYear-on-year increase9
5、.4%(RMB100 million)10,732.711,543.512,634.10246810202320222021Gross profit margin(%)Year-on-year increase0.3 percentage point9.69.49.70100200300400500600700800202320222021EBITDAYear-on-year increase11.0%(RMB100 million)581.8657.7730.3Net profitYear-on-year increase7.6%(RMB100 million)(RMB100 million
6、)Year-on-year increase7.1%304.7349.7376.4050100150200250300350202320222021050100150200250300350400202320222021276.2312.7334.800.30.60.91.21.520232022202100.050.100.150.200.25202320222021Basic earnings per shareYear-on-year increase8.0%(RMB/share)1.0371.1981.294Year-on-year increase5.0%(RMB/share)0.1