China’s most profitable high-speed rail company to go public with 35 million dollars a day

According to domestic media reports, the CSRC recently announced that November 14 (This Thursday) will hold the 18th Session of the Commission’s 174th and 175th working meetings in 2019, Beijing-Shanghai High-Speed Railway Co., Ltd. (hereinafter referred to as “Beijing-Shanghai High-speed Railway”) and other five enterprises will be the first meeting. Among them, the Beijing-Shanghai high-speed rail plan TO issue no more than 7,557 million shares of the IPO, the funds raised after deducting the issuance fee to be used to buy the Beijing-Fu Railway passenger line Anhui Co., Ltd. 65.0759 percent of the equity.

China's most profitable high-speed rail company to go public with 35 million dollars a day

The Beijing-Shanghai high-speed railway is 1318 kilometers long, through Beijing, Tianjin, Hebei, Shandong, Anhui, Jiangsu, Shanghai and other seven provinces and cities, connecting the “Beijing-Tianjin-Hebei” and “Yangtze River Delta” two major economic zones, is China’s “eight vertical and eight horizontal” high-speed railway main channel is an important part of China’s high-quality high-speed railway assets.

As China’s largest one-time investment (220.94 billion yuan) railway project, the Beijing-Shanghai high-speed railway is not only economic ally, strategic significance, but also China’s first to achieve profitability, but also the most profitable high-speed rail.

Opened on June 30, 2011, four years later in 2015 began to make a profit of 6.581 billion yuan, 2016 profit of 9.527 billion yuan. Among them, the most exciting is 2017 transportation revenue of 29.595 billion yuan, profit reached 12.716 billion yuan, equivalent to a daily profit of 34.8384 million yuan.

However, the increase in the profitability of the Beijing-Shanghai high-speed railway is not due to the increase in fares, but by the improvement of operational efficiency.

Data show that since its opening in 2011, the average daily passenger flow of the Beijing-Shanghai high-speed rail has increased from 134,000 to nearly 500,000, a nearly fourfold increase. The market share of the Beijing-Shanghai high-speed railway in the Beijing-Shanghai passenger corridor increased from 20% to 73%, becoming the main carrier of passenger traffic between Beijing and Shanghai, and the passenger rate increased from 67.7% to 80.1% in 2017, and operational efficiency has been continuously improved.

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