http://en.people.cn/n3/2016/0719/c98649-9088162.html
A cash cow indeed! Beijing-Shanghai High-Speed Railway exceeds profits of 6.6 billion yuan
(
People's Daily Online) 13:24, July 19, 2016
5 years of commercial operation
130 million passengers in 2015
30% more than 2014 (100 million)
1318km, $82 /2nd class
More tributary lines will be opened
(Zhengzhou-Xuzhou HSR in September 2016)
Shanghai-Suzhou section
Shanghai-50km-Kunshan-31km-Suzhou
20:00 Non stop passing Kunshan South Station
25:20 Non stop passing Suzhou North Station
Hailed as "the world's most profitable high-speed rail," the Beijing-Shanghai High-SpeedRailway has never disclosed specific numbers when it comes to earnings. However, a reporter from National Business Daily found in a document released by a railway shareholder on July 18 that
in 2015, the gross revenue of the railway was 23.4 billion yuan, and the net profit was 6.6 billion yuan.
Although Beijing-Shanghai High-Speed Railway has never disclosed its profit data to the public, the railway authority has said that it is the only profitable high-speed rail in China in the past five years.
A bond prospectus released in July by Tianjin Railway Construction Co. Ltd, a shareholder of Beijing-Shanghai High-Speed Railway, shows that the
total assets of the company amount to 181.5 billion yuan, with the total liabilities coming to 50.4 billion yuan. The total owner’s equity is 131.2 billion yuan, and the asset-liability ratio is 27.7 percent.
In 2015, the gross revenue of Beijing-Shanghai High-Speed Railway was 23.4 billion yuan, the total operating cost was 16.7 billion, the total profit was 6.7 billion and the net profitwas 6.6 billion.
It is worth noting that, according to data released by the China Railway Corporation, Beijing-Shanghai High-Speed Railway transported 24 million passengers in only its first six months of operation.
In 2015, the route accommodated 130 million passengers. Based on this data, Beijing-Shanghai High-Speed Railway earned a profit of about 50 yuan fromeach passenger in 2015.
Beijing-Shanghai High-speed Railway
Basic information for passengers
Main stations (total 24 stations): Shanghai Hongqiao Hub, Suzhou North, Wuxi East, Nanjing South, Xuzhou East, Jinan West, Tianjin South, Beijing South
Distance: 1318km
Duration:
From 4h48min (only one midway stop at Nanjing South), flagship bullet, from 9am, 2pm and 7pm
-4h55min (2 midway stops at Nanjing and Jinan)
-5h16min (5 midway stops)
-5h39min (7 midway stops)
to 6h8min (10 midway stops)
Frequency: long-distance from Beijing-Shanghai, every 5-15min
short-distance from Nanjing-Xuzhou, every 5 min
Price (cheapest 300+km/h HSR in the world)
Second Class (90+% seats): 0.42 yuan per km (Shanghai-Beijing 553yuan, $82)
First Class (less than 10% seats): 0.70 yuan per km (Shanghai-Beijing 933yuan, $139)
Long-term prospect: With more tributary lines opened (Zhengzhou-Xuzhou HSR in Sep, 2016), Beijing-Shanghai HSR is becoming increasingly congested especially between Nanjing and Xuzhou. A second Beijing-Shanghai HSR has been proposed, 50-100km east to the original line.
p.s. Don't mix Shanghai-Nanjing Intercity HSR with the Shanghai-Nanjing section of Beijing-Shanghai HSR.
They are two parallel high-speed rails with different purposes. One is for long-distance, one is for short-distance intercity journeys every 10-15km. Both are 300-350km/h.
Shanghai-Nanjing Intercity HSR in red
Shanghai-Nanjing section of Beijing-Shanghai HSR in blue
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