Beijing-Shanghai Railway Route Top Earner of China Railway Corp.

Beijing-Shanghai Railway Route Top Earner of China Railway Corp.The Beijing-Shanghai high speed railway is said to be the top railway of China Railway Corp which earned around 23 billion yuan last year with a net profit of 6.6 billion yuan. net asset of the company subsidiary that operates the route amounted to 131 billion yuan by the end of 2015 and its debt to asset ratio is at 27 percent.

Even with the Beijing-Shanghai High Speed Railway is vague by its financial performance, insiders say that it’s the only bullet train route that made money for the past five years. the railway carried more than 24 million passengers in just six months after the company started the route in June of 2011. Then in 2015 the number reached almost 130 million passengers meaning that each passenger paid about 50 yuan to the company profits last year. the company subsidiary is the highest quality asset of China Railway and it is likely to be looking into offering its IPO in the domestic market.

There are also reports that a construction of a new high speed rail that connects Beijing and Shanghai is in the works as a solution to the surging number of passengers that are using the route. Although analysts are dismissing the rumors that the plans ar already being submitted in the country’s 13th Five Year Plan, or the Mid Term and Long Term Railway Network Development program that is being planned for the year.

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