GVGT : China high speed rail financial situation jialat siol

ponpokku

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Program hosted by shanghai based analyst

@ 9.45,the host says the debt is 5.8萬億.

Not sure how they can recover


white elephant projects to show off, defy all marketing and financial logic.
ish like their ppty, solar panel, semicon and car making industries,
all hooha to cheat money, then runroad and crumble overnight.
 

ponpokku

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HSR ridership is not the issue.

The issue is the tech is still really expensive to implement and maintain.

Sure they can price the ticket higher but if they do, what is the point of HSR then which is for moving large amounts of people / goods over moderate distances since people become much less likely inclined to pay for it.


Sent from my toilet bowl

they forced out the normal rails to force their ppl take HSR, with subsidized tickets.
it will work when the economy ish relatively stable.
wont work when there ish trade war and pandemic.
 

Adenovirus

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Is the stock ticket SHSE:601390?


KwBRxTU.png


Debt to equity ratio 72%.

This is peanuts to many USA companies at 200 over % leh. :(

SEHK:1186

China Railway Construction​

Undervalued 77.8%
Debt - Equity ratio 75.1%
Nope. CRC is the supplier of rolling stock to the HSR operator China State Railway Group 中国国家铁路集团, which is 100% owned by the Min of Finance. Reported RMB4.87trn total debt and RMB4.59trn net debt on March 2021. LTM operating loss RMB18.6bn. Only generated RMB51.6bn operating profit pre-COVID... meaning its normalized leverage is pretty insane close to 100x. But don't worry la... bro XI will not let it uplorry!!!
 
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SkyShroud

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Nope. CRC is the supplier of rolling stock to the HSR operator China State Railway Group 中国国家铁路集团, which is 100% owned by the Min of Finance. Reported RMB4.87trn total debt and RMB6.49trn net debt on March 2021. LTM operating loss RMB18.6bn. Only generated RMB51.6bn operating profit pre-COVID... meaning its normalized leverage is pretty insane close to 100x. But don't worry la... bro XI will not let it uplorry!!!

Yes, everything paid by taxpayers.
What is there to worry about?!
 

otakuflick

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Nope. CRC is the supplier of rolling stock to the HSR operator China State Railway Group 中国国家铁路集团, which is 100% owned by the Min of Finance. Reported RMB4.87trn total debt and RMB6.49trn net debt on March 2021. LTM operating loss RMB18.6bn. Only generated RMB51.6bn operating profit pre-COVID... meaning its normalized leverage is pretty insane close to 100x. But don't worry la... bro XI will not let it uplorry!!!

This is the typical CCP arrangement.

The operating side, CCP families, free money.

The investment side, the people, shoulder all losses for the 'greater' good.
 

greentiger

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Yes, many people took it. It's the price of ticket is too cheap compared to the costs.

Running HSR is more expensive than flying.

https://www.zhihu.com/question/24721050
Agree.

The prices are too cheap.

I have taken it many times.

Very comfortable and the toilets are very big and clean.

Much better than the US Amtrak trains.

They just need to increase the ticket price.
 

Youngntight

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they forced out the normal rails to force their ppl take HSR, with subsidized tickets.
it will work when the economy ish relatively stable.
wont work when there ish trade war and pandemic.

absolutely no reason to change all raiways to High speed rail and at the highest speed in the world but only to boast about it and make the fans who earm RMB3000 a month happy and dream of world domination
 

greentiger

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white elephant projects to show off, defy all marketing and financial logic.
ish like their ppty, solar panel, semicon and car making industries,
all hooha to cheat money, then runroad and crumble overnight.
Not white elephant lah.

The business is very good.
 

MiG123

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Always thought their HSR was a non profit public service subsidised by CCP just like their subways

If you been to any Chinese city, you’ll see that their mrt is flat fee 2 CNY (0.4 sgd) regardless of distance. liddat how to make money tell me
 

Adenovirus

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Barring 2020, Japan Railways Central/West/East all consistently make $$ from their transportation biz... qns is will Bro XI let ATs increase fares comparable to the japs? 3hrs ride between tokyo and osaka probably ~RMB700. Beijing to Shenyang same travel duration around ~RMB335... half the price
 

addict951

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Is this the Maglev 快铁?
I rode it when I was at 上海。
40 元only to the airpork
But surprisingly not many ppl onboard.
 

ponpokku

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Is this the Maglev 快铁?
I rode it when I was at 上海。
40 元only to the airpork
But surprisingly not many ppl onboard.

nope, maglev ish part of the overall HSR market, but only about 100km.
it ish high speed rail in general. tiongs over-expanded in the rast 10yrs disregarding market forces.
 

forests_gump

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They never ask Taiwan?
HSR is lose money one leh.

The tech isn't cheap or common enough to be profitable especially if you want to price it cheap.


Sent from my toilet bowl

Where got lost $, dint our clown prince in the past also felt real good of Najib's HSR, rush to join boleh land to be part of their HSR, 'unfortunately' Malaysia decided to tank it.

Had it went ahead as planned, can't imagine S'pore end-up with like our neighour now on the blink of collapse under covid, HSR will not just a giant white-elephant, but the same sh*t of a mountain of debts for S'pore.
 
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Ctrl_Alt_Del

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Is there any railway project in the world that is able to recover construction cost? Singapore mrt projects cost billions able to recover cost from the fare and other revenue alone?
 

Youngntight

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where got lost $, dint our clown prince in the past also felt real good of Najib's HSR, rush to join boleh land to be part of their HSR, 'unfortunately' Malaysia decided to tank it.

Had it went ahead as planned, can't imagine S'pore end-up the same sh*t like our neighour now, not just a giant white-elephant, but a mountain of debts & on the blink of collapse under covid.

don't you want to go KL for the day and come back like JB
 
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