China-Singapore Jingwei client, April 15th, "China's first high-speed rail stock" Beijing-Shanghai high-speed rail released its first annual report on the evening of April 15, achieved revenue of 32.94 billion yuan in 2019, an increase of 5.72% year-on-year; net profit of 11.94 billion yuan , An increase of 16.48% year-on-year; proposed to send 10 groups of 0.528 yuan. Roughly calculated, the Beijing-Shanghai high-speed rail makes about 32.6 million yuan a day.

From the balance sheet, as of the end of the reporting period, the Beijing-Shanghai high-speed rail has cash cash of 9.27 billion yuan and accounts receivable of 1.2 billion yuan, accounting for 0.68% of total assets. The company has good cash flow and total current assets of 10.81 billion yuan.

Screenshot of Beijing-Shanghai High-speed Rail 2019 Annual Report

The annual report shows that in 2019, the Beijing-Shanghai high-speed railway transported 215 million passengers, accounting for 6.0% of the national railway passenger traffic; passenger turnover was 95.61 billion passenger kilometers, accounting for 6.58% of the national railway passenger traffic.

The company acts as a train to transport 53.33 million passengers throughout the year, a decrease of 650,000 from the previous year's 53.98 million, or a decrease of 1.21%. There were 187,300 trains on the whole line, an increase of 14,800 from the previous year's 172,500 trains, an increase of 8.58%; of which, the company served 36,000 trains, a decrease of 30,200 trains from the previous year's 39,300 trains, a decrease of 8.14%; other transportation companies The number of cross-line trains was 151,300, an increase of 18,100, or 13.59%, from the 132,300 in the previous year.

The Beijing-Shanghai high-speed railway landed on the Shanghai Stock Exchange on January 16, 2020. Spring Festival was originally the period when the high-speed rail company had the largest passenger traffic and the highest revenue in a year, but the Beijing-Shanghai high-speed rail suffered a new pneumonia outbreak at the beginning of the listing.

The Beijing-Shanghai High-speed Railway stated that the company actively responds to and implements the national regulations and requirements for the prevention and control of the new crown epidemic. It is expected that the new crown epidemic situation and prevention and control measures will have a temporary impact on the company's production and operation in 2020, and the degree of impact depends on The progress and duration of epidemic prevention and control and the implementation of prevention and control policies in various places.

What is the performance of the Beijing-Shanghai high-speed railway with the halo of the "most profitable railway" in previous years? According to public information, the operating income of Beijing-Shanghai High-speed Railway in 2016, 2017, and 2018 were 26.257 billion yuan, 29.555 billion yuan, and 31.158 billion yuan respectively; the net profit was 7.903 billion yuan, 9.05 billion yuan, and 10.248 billion yuan respectively.

Beijing-Shanghai high-speed rail performance in the past 3 years Wind performance screenshot

(Sino-Singapore Jingwei app)