High speed rail ticket prices have been optimized and adjusted all over the country!
E-commerce double 11 activity is in full swing. Recently, railway bureaus all over the country have issued optimization and adjustment announcements on the ticket price of high-speed rail multiple units, with an overall increase and decrease, with a maximum discount of 5.5% (equivalent to a minimum of 110 yuan for 200 yuan high-speed rail multiple unit ticket).
According to the railway department, the implementation of differential pricing mechanism for high-speed EMU trains is conducive to establishing a reasonable price comparison relationship among various modes of transportation.
It is worth noting that Beijing Shanghai high speed railway company, Chinas most profitable high speed railway line, has recently submitted a share listing prospectus. According to the prospectus, China National Railway Group (hereinafter referred to as China Railway Group) suffered a slight loss of 205 million yuan in the first half of 2019.
In the first half of 2019, the 18 Railway Bureau groups under the State Railway Group made 7 profits and 11 losses; the 2 with profits exceeding 5 billion yuan and 3 with losses exceeding 5 billion yuan; the Shanghai Railway Bureau with the highest profits made 7.707 billion yuan and the Shenyang Railway Bureau with the most losses made 6.695 billion yuan.
Multiple railway bureaus announce the price adjustment of EMUs on December 1
Recently, China Railway Shanghai Bureau Group, Nanchang bureau group, Chengdu Bureau Group, Xian Bureau Group, Lanzhou bureau group, Guangzhou Bureau Group, Nanning bureau group, etc. have released information to implement fare optimization and adjustment for their high-speed rail multiple unit trains.
For example, the official microblog of Shanghai Railway Bureau released information that from December 1, some EMU trains of Southeast Coastal Railway implemented fare optimization and adjustment.
According to Shanghai Railway Bureau, it is understood that the price optimization and adjustment will be carried out for some EMU trains of southeast coastal railway, the relevant national regulations on EMU train price will be strictly implemented, the passenger demand will be the guide, the public ticket price will be the highest price limit according to the market supply and demand relationship and the passenger flow law, and the price limit will be implemented by season, time, class and section Ticket prices of different grades are generally increased or decreased, involving more than 400 trains, with a maximum discount of 5.5%.
The official website of Nanchang Railway Bureau also shows that from December 1, the executive fare of some high-speed EMU trains on the southeast coast and Xiangpu railway has been optimized and adjusted. Ticket prices have generally increased or decreased. The southeast coastal railway involves more than 400 trains, and Xiangpu railway involves about 50 trains, with a maximum discount of 5.5%.
There are also many railway bureaus that have released fare optimization and adjustment information.
Guangzhou Railway Bureau Group Co., Ltd.: the price of some high-speed rail EMU trains of Hangzhou Shenzhen railway, hengliu Liuzhou Railway and Nanguang passenger dedicated line was optimized and adjusted, with an overall increase and a decrease, with a maximum discount of 5.5%.
Lanzhou Railway Bureau Group Co., Ltd.: the price of high-speed rail EMU trains in Baolan section has been optimized and adjusted, with an overall increase or decrease, involving more than 60 trains, with a minimum discount of 5.5%.
Taiyuan Railway Bureau Group Co., Ltd.: the price of some high-speed EMU trains from Taiyuan to Shijiazhuang was optimized and adjusted, with an overall increase or decrease, involving about 50 trains, with a maximum discount of 20%.
Xian Bureau Group Co., Ltd.: price optimization and adjustment shall be carried out for some high-speed EMU trains of Baolan high speed railway. Overall, there are ups and downs.
Chengdu Railway Bureau Group Co., Ltd.: the price of some high-speed EMU trains from Chongqing to Guiyang and Yichang to Chongqing was optimized and adjusted, with an overall increase and decrease, involving more than 170 trains, with a maximum discount of 5.5%.
12306 price of booking website has changed
According to the 12306 booking website, China Fund News found that the ticket prices of some high-speed rail lines on November 30 and December 1 had changed.
For example, on November 30, the second-class fare of G59 high-speed railway from Ningbo to Taizhou was 53 yuan, while on December 1, the second-class fare of the same train was 50 yuan, down 3 yuan. The price of business seats and first-class seats decreased by 8 yuan and 4 yuan respectively.
However, on November 30, Ningbo left for South Wenzhou. For d3219 early flights, the second-class fare was 96 yuan, and the first-class fare was 154 yuan. On December 1, the same train fare was adjusted to 102 yuan for the second-class seat and 163 yuan for the first-class seat.
For the d2671 train from Xian to Xining, the second-class fare is 232.5 yuan on November 30 and 257.5 yuan on December 1.
The price of several trains from Nanchang to Xiamen has also changed. For example, for the early train d2361, the second-class fare on November 30 is 209.5 yuan, and the second-class fare on December 1 is 221 yuan.
The head of the railway department said that the implementation of differential pricing mechanism for high-speed EMU trains is conducive to establishing a reasonable price comparison relationship among various modes of transportation, flexibly adapting to the market, making good use of transport capacity resources, and better meeting the diversified travel needs of the majority of passengers.
A-share listing of Beijing Shanghai high speed railway has started
The marketization and securitization of Chinas railway assets have been continuously promoted.
In the past, Chinas railway fare was mainly determined by multiplying the number of kilometers by a fixed benchmark price, which was basically unchanged. In 2015, the pilot price fluctuation will be started, and different prices will be implemented according to the peak and weekend.
Since January 1, 2016, the market adjusted price of EMU ticket price shall be determined by the transportation enterprise according to the market competition. In April 2018, the price of Beijing Shanghai sleeper train tickets has increased.
On the evening of October 25 this year, the prospectus (application draft) of Beijing Shanghai high speed railway was first disclosed on the official website of the CSRC, and the first step of A-share of Beijing Shanghai high speed railway was officially taken.
Beijing Shanghai high speed railway plans to issue no more than 7.557 billion shares, accounting for no more than 15% of the total share capital after issuance, and no more than 50.377 billion shares after issuance; the net amount of the raised capital is intended to be used to acquire 65.0759% of the equity of Beijing Fuzhou Anhui Company, with the purchase consideration of RMB 50 billion. The difference between the purchase consideration and the raised capital is solved by self financing.
According to the prospectus, from January to September 2019, the operating revenue of Beijing Shanghai high speed railway was 25.002 billion yuan, with a net profit of 9.52 billion yuan; from 2016 to 2018, the operating revenue was 26.258 billion yuan, 29.555 billion yuan and 31.158 billion yuan respectively; the net profit was 7.903 billion yuan, 9.053 billion yuan and 10.248 billion yuan respectively.
If the fund is raised according to the consideration of 50 billion projects, it will be the largest IPO since July 2010. Based on the calculation of the fund-raising amount of 500, the expected issue price is 6.62 yuan / share, the diluted P / E ratio after the issue is about 26 times, and the market value (valuation) after the issue is 333.5 billion yuan, which can enter the top 20 of the current a stock market value.
Source: responsible editor of China Fund News: Shi Jianlei, nbj11331