Another listed company in the railway industry, China Railway Special Cargo is listed on the main board of the Shenzhen Stock Exchange

2021/09/0818:37:03 finance 1586

Text/Yangcheng Evening News All-Media Reporter Li Zhiwen

Picture/China Railway Group

On September 8, the reporter learned from China National Railway Group Co., Ltd. (hereinafter referred to as " National Railway Group") that its subordinate China Railway Group Special Cargo Logistics Co., Ltd. (hereinafter referred to as " China Railway Special Cargo Company") was successfully listed on the main board of the Shenzhen Stock Exchange on the same day, the stock name is "China Railway Special Cargo", the code is 001213, and the issue price per share is 3.96 yuan , A total of 440 million shares have been issued. This is another important achievement of railway market reform following the successful listing of "Beijing-Shanghai High-speed Railway", "Tieke Track" and "Golden Eagle Heavy Industry" since last year.

Another listed company in the railway industry, China Railway Special Cargo is listed on the main board of the Shenzhen Stock Exchange - DayDayNews

According to reports, China Railway Special Cargo Co., Ltd. was established in 2003 and is an important professional logistics service provider under the National Railway Group. It has 16 branches, 2 wholly-owned subsidiaries and 3 mechanical insulation depots. There are outlets all over the country. Relying on the modern railway network, the company vigorously develops special cargo transportation, and has formed three main businesses of commodity automobiles, cold chain and bulk cargo logistics, providing customers with full logistics services.

It is worth noting that China Railway Special Cargo Co., Ltd. has nearly 20,000 special vehicles for railway goods and automobiles, and has established long-term and stable cooperative relations with FAW Group, Dongfeng Motor Group, SAIC and other companies. The latter provides integrated commodity automobile logistics solutions including transportation, warehousing, and distribution; it has more than 30 types of special railway transportation vehicles, and the weight gradient of cargo vehicles ranges from 70 tons to the world's heaviest 450 tons, which can meet the market The transportation needs of the vast majority of out-of-gauge cargo on the market.

From 2018 to 2020, China Railway Special Cargo Company achieved net profits of 402 million yuan, 568 million yuan, and 353 million yuan, respectively, and the business situation remained sound. It is understood that China Railway Special Cargo Company raised 1.76 billion yuan this time, which is mainly used to purchase logistics storage bases, purchase cold-chain logistics vehicles and equipment, and build an information platform.

The head of the operation and development department of China Railway Group said that the listing of China Railway Special Cargo Company is a decision and deployment of China Railway Group to implement the central government’s deepening of the reform of state-owned enterprises.Implementing the three-year action plan for the reform of state-owned enterprises, and promoting the capitalization, equity and securitization of high-quality railway assets, are important measures for continuously improving the modernization of the national railway enterprise governance system and governance capabilities, enhancing the core competitiveness of national railway logistics enterprises, and achieving high quality Development is of great significance.

The reporter observed that in recent years, railways have continuously accelerated the pace of market-oriented reforms. Since 2020, Beijing-Shanghai High-speed Railway, Tieke Railroad, Golden Eagle Heavy Industry, and China Railway special goods have been successfully listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange; China Railway Capital and social capital have also continued to integrate and develop, hierarchically classified Established mixed-ownership enterprises such as "", "China Railway SF Express" and "China Railway Jingdong"; during the "13th Five-Year Plan" period, the national railway asset securitization increased its scale by 473.2 billion yuan and asset securities The rate of conversion increased from 1.3% to 5.4%. (For more news, please follow the Yangcheng School pai.ycwb.com)

Source | Yangcheng Evening News Yangcheng School

Editor | Wang Danyang

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