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Shentong Metro: There Is No Overall Listing Plan In The Short Term.

2011/6/7 13:00:00 41

Shanghai pportation related

Assets

The integration is coming to an end.

Shanghai national capital subordinates pportation investment integration platform for a long time company, successively completed the Chinese domain automobile (600741), Johnson holding [6.86 -0.87% shares bar] (600662) integration, the reorganization of the interchange of [6.75 0% shares of the bar] (600676) only Shentong subway integration has been put on hold.

At present,

Shentong Metro

The assets owned by the Shanghai Metro Line 1 Xhenzhuang to ShangHai Railway Station (excluding extension lines) totaled 21.35 km line operation rights, and more than 200 electric buses and ticketing systems, of which line 1 ticketing revenue is the source of all its main revenue.

Metro Line 1 is the first subway in Shanghai, which has a total length of 37 kilometers. The daily average passenger volume ranks first in all the Shanghai rail pit lines. The company has a total of 21.35 kilometers from Xhenzhuang ShangHai Railway Station part of the line, which is the busiest and largest passenger traffic line.

As the fare revenue growth slowed down and the average fare level declined, the profit growth of this asset was not optimistic.

But the bright spot is anecdotal asset injection.

It is understood that due to the relatively high cost of subway, the main business profitability is not very high, Shentong Metro Group listing is more complex, although it can refer to other listed companies in the world mode, such as the Hongkong subway listing, including the property and property management related to the subway, so the profitability is higher. If we refer to this mode, there are more problems, so the overall listing is more difficult.

Market participants speculate that with the maturity of line operation, the group may take assets gradually into the way of listed companies.

Shentong Metro Group's operation and construction include 17 subway lines. As for which assets are specifically injected, there are different claims. At present, there are 2, 4 lines of profit growth relatively fast, of which 1 and 2 have no financial cost pressure. With the maturity of the line operation, it is estimated that the market will gradually become more and more likely.

In addition, there are rumors that in Shanghai's state-owned assets integration arrangements, the Shanghai Metro Line 7, 8 and 9 will be injected into the assets.

There is no extension.

increase

Before, Shen Tong subway relied on line 1 itself, passenger flow and passenger flow to bring about limited performance and slow growth.

If the new subway lines are successfully injected into the future, it will not only increase the income generated by passenger flow and multitrack exchange, but also improve the performance structure in the long run.