The revenue of the China Railway Corporation declined 4.65 percent year on year to 994.85 billion yuan (162.86 billion U.S. dollars) in 2014, according to its latest annual report.

Among the revenue, transportation contributed 592.04 billion yuan or 59.5 percent of the total. Passenger transport climbed up 1.95 percent but freight lost 3.1 percent from a year ago, according to the report.

The corporation's profits stood at 636 million yuan last year while its total liabilities surged 13.94 percent to 3.68 trillion yuan, a yearly record, the report said.

The report of the first quarter this year was also released, showing the corporation's total debt continued increasing by 71.7 billion yuan that made the liability ratio at 66.2 percent.

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