Here is a report from the Shenzhen Metro: It had revenue of RMB10.94 billion in the first half, with profits of RMB4 billion. It spent RMB15.62 billion on construction, while the extensions of Line 5 and 9 will be ready for operation by the end of this year, and lines 6, 8 and 10 are scheduled for trial operation next year.
It was a good period for property developments, too. The state-owned company has acquired 12 land parcels that can yield up to 4.5 million sqm. These developments, including residential, retail, office and hotels, are located in the major developing districts such as the Qianhai Shekou Free Trade Zone, the Shenzhen Bay Super Headquarters Base, Futian, Longhua and Longgang. Shenzhen Metro was ranked the city’s second-biggest developer.