Shandong Provincial Government Information Office held a press conference to introduce the economic operation of provincial enterprises in 2020.

Zhou Yong, Party secretary and chairman of Shandong High-speed Group, said that the production and operation of Shandong Hi-speed Group will rise against the trend in 2021.

Last year, Shandong Hi-speed Group achieved an annual operating revenue of 166.7 billion yuan, total profit of 15.8 billion yuan and net profit of 10.4 billion yuan, up 34.95%, 41.63% and 33.52% respectively, with the total profit continuing to rank in the first echelon of provincial state-owned enterprises and net profits growing at a compound rate of over 26% for four years in a row. In 2020, the company has overfulfilled the assessment tasks of Shandong Provincial State-owned Assets Supervision and Administration Commission in all respects and developed steadily and made progress in quality development.