This year, more than 4000 kilometers of new railway lines will be put into operation in China, not only Beijing Shanghai high speed railway will be listed

At its annual work meeting in the new year, China Railway Group revealed the goal of national railway construction in 2020 - to ensure that more than 4000 kilometers of new lines are put into operation, including 2000 kilometers of high-speed rail.

has guaranteed a minimum of 4000km, and the railway investment has remained at a high level since 2014. For six consecutive years, the national railway has completed more than 800 billion yuan of fixed asset investment every year. By 2020, the Ministry of transport previously said that the railway investment will still reach 800 billion yuan. The investment is the same, but the construction cycle of each railway is different, so the final production situation is different every year. A 6031 a 6031 data source: the annual work conference of China Railway Group (mapping: Liberation Daily Shangguan News) a 6031 a 6031 this year's goal is to put the new line into operation for more than 4000 kilometers, but the actual production situation may greatly exceed the expectation - the railway construction almost exceeds the annual goal every year. In 2017, the "four vertical and four horizontal" high-speed rail network was completed and operated in advance. According to the current construction progress, the more complete "eight vertical and eight horizontal" high-speed rail network will also be completed and operated in advance. According to the 2016-2025 plan for the construction of

railway, by 2020, the scale of the national railway network will reach 150000 kilometers, including 30000 kilometers of high-speed railway. By the end of 2019, the national railway business mileage has reached more than 139000 kilometers, including 35000 kilometers of high-speed rail - in terms of high-speed rail construction, the national railway has exceeded the target one year in advance.

of course, over achieving the goal does not mean you can slow down. Industry insiders pointed out that, on the one hand, the development of China's high-speed rail network is unbalanced, and the central and western regions, which started late, still need to focus on making up for shortcomings; on the other hand, with the development of urbanization entering the second half, after the completion of the "eight vertical and eight horizontal" trunk road construction, the construction of "capillary" such as Inter City railway and city railway connecting the metropolitan area and urban agglomeration should also keep pace; in addition, the railway is under construction It is of great significance for the stability of economic growth to stimulate infrastructure investment during the construction period and inject power into the economic development of the areas along the line after completion. The joint-stock transformation of

is accelerating. Not only Beijing Shanghai high-speed railway will be listed in

. In the past, railway construction mainly obtained funds through debt. According to the official data, by the first half of 2019, the total assets and liabilities of China Railway Group were about 8.1 trillion yuan and 5.3 trillion yuan respectively. The huge debt has seriously restricted the profitability of railway enterprises, which has become unsustainable - in 2018, the total revenue of China Railway Group exceeded 1.1 trillion yuan, but the net profit was only 2.045 billion yuan. In 2019, the group's total revenue exceeded 1.2 trillion yuan, but its net profit in the first half of the year was negative 205 million yuan. At the annual meeting of

New Year's work, China Railway Group pointed out that in 2020, it should strive to expand direct financing, accelerate the joint-stock transformation of China railway enterprises, ensure that the stock reform and listing of Beijing Shanghai high speed railway, China Railway special products, Golden Eagle heavy industry, Railway Science and technology rail company and other enterprises have achieved substantive results, and study and explore the stock reform of regional railway companies, design group companies and other key enterprises Listing work. The

Beijing Shanghai high speed railway is a well deserved "cash cow" of the railway system. In the early morning of January 3, the Beijing Shanghai high speed railway disclosed the IPO announcement, locking the issue price at 4.88 yuan per share, and the total amount of capital raised is expected to be 30.674 billion yuan. According to the arrangement of issuance and subscription, online and offline subscription will be made on January 6. A 6031 a 6031 data source: Beijing Shanghai high speed railway prospectus (drawing: Liberation Daily · Shangguan News) among the remaining companies of a 6031 a 6031, the company closest to the listing target should be Tieke rail company, whose main business is the R & D, production and sales of high-speed railway engineering products with high-speed Railway fastener as the core. On November 25, 2019, the Shanghai stock exchange accepted the company's application for listing on the science and technology innovation board. A 6031 a 6031 data source: listing materials of Tieke rail company (drawing: Jiefang Daily Shangguan News) a 6031 a 6031 in addition, China Railway special products also started listing guidance work in September 2019. China Railway special cargo Co., Ltd. is one of the three major professional transportation companies directly under the State Railway Group, mainly engaged in the railway transportation of commercial vehicles, large goods and refrigerated goods. Financial data shows that in 2018, the company's net profit was 576 million yuan.

in recent years, China Railway Group has been pushing forward the market-oriented reform. On June 18, 2019, China Railway Corporation completed the company system reform, officially renamed China Railway Group Co., Ltd., and started the joint-stock reform from top to bottom. In 2020, accelerating asset securitization seems to be an important direction for China Railway Group to promote market-oriented reform. According to the information disclosed in the prospectus of Beijing Shanghai high speed railway, many profitable enterprises under the State Railway Group meet the listing requirements, especially non transport enterprises, which have basically achieved profits. It can be predicted that in the future, railway enterprises will accelerate to embrace the capital market.