The Total Revenue Of China Railway Is More Than 1 Trillion And 200 Billion. The Number Of Railway Companies Running In 2020 Is Listed.

In January 2, 2020, it was just the Laba Festival.

A conference hall of the former Ministry of railways, No. 10 Fuxing Road, Beijing, is the first time to hang out the scroll of "China National Railway Group Co., Ltd. working conference". Nearly 400 executives of the railway system participated in the 2020 annual meeting as a company member for the first time.

Lu Dongfu, secretary and chairman of the China Railway Group (hereinafter referred to as the National Railway Group), introduced the report card of the National Railway Corporation in the past year. The railway fixed assets investment completed 802 billion 900 million yuan, and the new line 8489 kilometers, of which 5474 kilometers of the high-speed railway. The railway completed 3 billion 570 million passengers and completed 34.4 tons of freight delivery.

The revenue from railway transportation is 818 billion yuan, and the revenue from operation and development is 362 billion 300 million yuan. Lu Dongfu expressed satisfaction with the improvement of operational efficiency in the past year. It is reported that railway revenue continued to grow rapidly in 2017, especially in 2019, when railway revenue reached a new high in -2019.

Lu Dongfu disclosed that the three year reform action plan of the state railway enterprise will be formulated this year, and the schedule, roadmap and major measures for deepening railway reform should be clearly defined.

Railway efficiency is high.

"Today is the first time to hold the annual working conference in the name of China National Railway Group Co., Ltd." Song Qiuling, a first class inspector of the Ministry of economic construction of the Ministry of finance, pointed out the unusual significance of this annual work conference. In June 18, 2019, China Railway Corporation completed the company system reform, officially renamed it China National Railway Group Co., and started the share reform system from top to bottom. The huge monster of the railway system officially turned around and entered the market with the company's appearance.

Despite the fact that the domestic and international economic situation was not very optimistic in the past year, the State Railway Group handed over a best report card.

Lu Dongfu said that the National Railway Group successfully completed all its objectives and tasks in 2019. The national railway fixed assets investment was completed 802 billion 900 million yuan, of which the national railway completed 751 billion 100 million yuan, and the new line 8489 kilometers, of which 5474 kilometers of high-speed railway. By the end of 2019, the national railway business mileage reached more than 139 thousand kilometers, of which 35 thousand kilometers of high-speed rail. The number of passengers sent by the state railway reached 3 billion 570 million, an increase of 7.7% over the same period, and the number of EMU passengers was 2 billion 290 million, an increase of 14.1% over the same period last year. The state railway completed 34.4 million tons of freight, up 7.8% over the same period last year.

Song Qiuling said that the Ministry of finance was satisfied with the revenue situation of the State Railway Group, because in the past year, the revenue and freight revenue of the National Railway Group had reached a record high, and cost expenditure, debt scale and asset liability ratio had been effectively controlled.

According to Lu Dongfu, after the total revenue growth of 17.04% and 10.78% in 2017 and 2018, the total revenue of the national railway in 2019 reached 818 billion yuan, an increase of 46 billion 800 million yuan compared with the same period last year, an increase of 6.1%. Although the growth rate has slowed down slightly in the previous two years, it is actually not easy to achieve this revenue on the basis of the implementation of the national tax reduction fee reduction and profit making 21 billion 600 million yuan. In addition, the State Railway Group has achieved 362 billion 300 million yuan in operating and development revenue, an increase of 4.2% compared with the same period last year, with a combined effect of 42 billion 600 million yuan. In total, the total revenue of the State Railway Group exceeded 1 trillion and 200 billion yuan in 2019, setting the best achievement of the national railway in the past three years.

The growth of rail freight has contributed a lot to this. Lu Dongfu revealed that in 2019, China's iron container, commercial vehicle and cold chain transportation increased by 30.4%, 13.5% and 30.6% respectively. Due to actively promoting the "public transport of iron" transportation of the dredging port, the port transportation volume of the main coastal ports in the North increased by 15.2% compared to the same period last year, including the Caofeidian, Jingtang and Huanghua ports in the Beijing Tianjin Hebei region increased by 50%, 156% and 81% respectively.

In twenty-first Century, the economic report reporters read the statistical data of the railway communique over the years, and found that the volume of railway freight transport which occupied the absolute main railway freight volume reached 32.8 million tons in 2011, and then became sluggish, and all the way down. Although the past few years have begun to rebound, the volume of rail transport has not exceeded 32.8 million tons. However, in 2019, the volume of rail transport at last not only exceeded the peak of 2011, but also set a new record of freight volume.

Dividend reform dividends

Although the increase in railway freight yields is closely related to the introduction of policies such as the "public transit railway" and the increase in demand for railway bulk cargo transport, the record of overall revenue of the National Railway Group is directly related to the dividends released by the management system reform and mechanism innovation.

Lu Dongfu said that the 2019 nation Railway Group was to speed up the transformation of the shareholding system of the company as the traction, and complete the reform and reorganization of the organs after the restructuring. The establishment of the departments, internal organs and staffing members were reduced by 16.7%, 23.9% and 14.7% respectively.

Lu Dongfu also revealed that in the past year he completed the reorganization of the railway companies in Heilongjiang, Yunnan and other 5 provinces, and revised and improved the entrusted transport management measures, which provided a system guarantee for ensuring the construction and transportation safety of joint ventures.

Under various initiatives, the operation and development of railway assets are also increasing, with remarkable results. Lu Dongfu revealed that the joint-venture company's iron and steel regulatory authority has been streamlined, from 105 in early 2019 to 90. Adhere to the "one enterprise and one strategy", study and formulate the improvement of the joint venture company's business plan, adhere to the "one enterprise and one strategy", study and formulate the improvement of the joint venture company's operation plan, and run a joint venture company to achieve operating income of 378 billion 500 million yuan, an increase of 15.2% over the same period last year.

At the same time, the new industrial chain has accelerated development, and the operation of mixed operation of the National Railway Corporation and the China Railway SF international express company has continued to improve. The EMU Wi-Fi has covered 300 million people. The "double 11" business week has sent 30 thousand tons of goods, an increase of 38.6% over the previous year, and 3 million 700 thousand orders for the Internet, an increase of 92% over the same period last year.

Although railway investment in 2020 is expected to exceed 800 billion yuan, the National Railway Group intends to expand direct financing and reduce its own liabilities. For example, railway classification and layering should be adopted to promote the joint venture and road construction mode. It is understood that in 2019 railway infrastructure investment, the capital of local governments and enterprises reached 209 billion 500 million yuan, an increase of 31.3 percentage points compared with 2016.

Speed up asset securitization

"The State Railway Group is now in the key time to deepen the reform of the company system and accelerate the transformation of the shareholding system." Yang Chuantang, Secretary of the Party branch of the Ministry of communications, attended the annual working conference of the National Railway Group. He said he should speed up the reform of the shareholding system of the state railway and constantly stimulate the endogenous driving force and business vitality of the national railway. At the same time, we should accelerate the establishment of a modern enterprise system, fully release institutional mechanisms, innovate dividends and market vitality. He pointed out that the Ministry of transport and the State Railway Administration will continue to pay close attention to and support the deepening of railway reform and development, create a more fair, open and transparent business environment, and create a favorable environment for the development of high quality railway.

It seems that in response, Lu Dongfu revealed that the three year reform action plan of the state railway enterprise will be formulated this year, which clearly defines the timetable, roadmap and major initiatives for railway reform, and will optimize and optimize the operation mechanism of the national railway enterprise. At the same time, it will further intensify the reform of the leadership tenure system, the skilled manpower post appointment system and the market-oriented salary system.

Lu Dongfu also revealed that it would speed up the transformation of the shareholding system of the state railway and enhance the quality and efficiency of the operation of the capital. In fact, in 2019, the National Railway Group has made many progress in securitisation of railway assets capitalization. The Beijing-Shanghai high-speed railway company IPO has approved the issuance approval, followed by the iron branch Orbital Corporation formally declaring the listing of the science and technology board, and the listing work of China Railway special cargo company and Jin Ying Heavy Industries Co., Ltd. is also actively promoting, and it can also accelerate the listing in 2020.

These companies are only a small piece of railway asset securitization. Lu Dongfu also revealed that they are studying and exploring the reform of listed companies such as regional railway companies, design group companies and other key enterprises. We should make full use of existing listed companies, promote asset merger and reorganization, and revitalize stock assets. This will undoubtedly lay a strong foreshadowing for the "spring heart" of Railway Assets stirring capital market in the next few years.

Lu Dongfu also revealed that it would steadily push forward the marketization of debt to equity swap and the mixed ownership of grass, improve the implementation plan of the quality assets of the state owned iron and steel enterprises, and strengthen the communication and docking with the banking institutions, and organize them smoothly and orderly.

At the same time, it will open up new growth points for railway operation and development. To promote the implementation of a number of land comprehensive development projects. It is reported that in 2019, the revenue of the state railway in the disposal of land and land assets exceeded 20 billion yuan. Lu Dongfu said he would make good use of the financing and leasing company of the state railway to further deepen the reform of railway equipment investment and financing. We will improve the service platform of the National Railway Corporation and expand the railway passenger service industry chain. We should give full play to the professional advantages of railway groups and expand the local railway and non joint venture railway operation and maintenance markets. Integrate the big data resources of the railway industry chain and fully tap the market value of railway big data resources.

The goal of all this is to set a new high in 2020. According to Lu Dongfu's great aspiration: the total railway revenue in 2020 was 868 billion yuan, and the revenue from non transport business was 385 billion yuan, with a combined effect of 47 billion yuan. The total revenue of the elephants of the State Railway Group is 1 trillion and 300 billion yuan in the new year. The target is not low and the pressure is not small.

Let's see how elephants dance.