This year's Spring Festival, China's personnel mobility has once again reached a peak. According to the data, from February 10 to 17, the cross-regional flow of people in the whole society is expected to accumulate 231.1 billion passengers. Behind the crowds of people during the Spring Festival is China's transportation map with a total mileage of more than 6 million kilometers, including the world's largest high-speed railway network, highway network, postal express network and world-class port group. Over the years, China's railway, highway, water transport, civil aviation passenger and cargo turnover, port cargo throughput and other data indicators have ranked among the top in the world.
The Shanghai Stock Exchange is home to about 80 leading companies in the transportation industry, with a total market capitalization of more than 23 trillion yuan. As the demand for travel and cargo transportation continues, Shanghai Transportation Company has made more efforts to create a smart, smooth and effective transportation network to help China's transportation enter a new stage of development of "people enjoy their travel and things flow smoothly".
Industry insiders said that from the perspective of "China Special Valuation", the valuation of transportation enterprises in Shanghai has great potential for repair. At present, many companies are actively carrying out smart transportation transformation, promoting the deep integration of new technologies and the transportation industry, strengthening data resources to empower transportation development, and the future of valuation repair can be expected.
The super large passenger flow has created the "hottest" Spring Festival
This year's Spring Festival is expected to have 9 billion people traveling, visiting relatives and leisure, which is a record "largest migration of mankind". Transportation is the "forerunner" of the economy and society, and the "good start" of the Spring Festival has injected a shot in the arm for the steady improvement of the economy.
Self-driving travel has become the most mainstream mode of travel during the Spring Festival, with an estimated passenger flow of 7.2 billion. According to the statistics of Shandong Expressway, the traffic volume at the exit of the toll station of the road and bridge operating units during the Spring Festival totaled 795230,000 units, an average daily increase of 35 compared to 20239%；The total number of vehicles at the entrance is 799970,000 units, an average daily increase of 40 percent year-on-year in 20233%。Among them, the traffic volume reached a peak on February 14, a significant increase from the previous two days, and significantly higher than the average daily traffic before the holiday.
The average daily flow at the entrance and exit of the Ninghu Expressway toll station reaches 59650,000 units, a year-on-year increase of 2094%。The company said that due to the continued implementation of the free highway policy for passenger cars with less than 7 seats during the Spring Festival holiday, the public's willingness to choose self-driving travel has increased significantly, of which the passenger car traffic on Huning Road was 66 on February 17380,000 units, peaking.
The export traffic of the subordinate section of the Anhui Expressway during the Spring Festival totaled 461380,000 units, with a daily average of 51260,000 units, an average daily increase of 35% year-on-year in the same period of the 2023 Spring Festival50%；The traffic at the entrance totaled 437300,000 units, with a daily average of 48590,000 vehicles, an average daily increase of 40 compared with the same period in 202323%, with a peak in traffic on February 17.
In terms of high-speed rail, the Beijing-Shanghai high-speed railway said that this year it has set a record for the Spring Festival transportation since its opening of operation. During the Spring Festival, compared with the same period in 2023, the cumulative number of trains running on the Beijing-Shanghai high-speed railway increased by 218%, and the number of passengers transported increased by 414%, and the average load factor of the whole line increased by 141 percentage point. Compared with the same period of the Spring Festival in 2019, the cumulative number of trains running on the Beijing-Shanghai high-speed railway has increased by 153%, and the number of passengers transported increased by 266%, and the average load factor of the whole line increased by 80 percentage points. The company polishes the business card of "China's high-speed rail" more brightly to escort passengers to return home and work.
The growth trend of the civil aviation market is obvious. During the eight-day Spring Festival holiday, Air China operated a total of 2400,000 classes, with a total of more than 395 passengers960,000 person-times. Compared with the Spring Festival holiday in 2019, the average single-day flight volume increased by 2659%, passenger traffic increased by 2337%；Compared with the Spring Festival holiday in 2023, the average number of flights per day increased by 5166%, passenger traffic increased by 8070%。China Southern Airlines has flown a total of 2540,000 shifts, an increase of 20 compared with 201995%；The number of passengers carried was 417210,000, an increase of 23 compared with 201925%。
Broaden the service network and enhance the hard power
Lutong is popular, and Luchang industry is prosperous. "In recent years, listed companies in Shanghai's transportation industry have continued to open up key channels and improve the coverage of convenient transportation networks. Adhering to moderately advanced resource investment, infrastructure investment such as China Road, China Airport, and China Port has helped bring a multiplier effect to China's economic development, better meet the urgent logistics needs of enterprises "big in, big out, fast in and fast out", and inject strong impetus into industrial development.
Shanghai transportation listed companies actively explore the possibility of cooperation with regional and local governments, and promote regional high-quality development with high-level logistics services.
At the end of last year, China Eastern Airlines Logistics conformed to the development situation of freight, took the initiative to connect with regional customer groups, and built the second off-site cargo station - Yangtze River Delta International Aviation Hefei Logistics Distribution Center, and put into use, to provide logistics solutions for local enterprises and international inbound and outbound cargo air express, cargo station operation, centralized collection and transportation, customs clearance, land transportation consolidation and other services, according to estimates, this innovative model can save 1-2 days of logistics time for local enterprises, and reduce logistics costs by 30%, which is the best for enterprises in the Yangtze River Delta region Chain stability provides strong support.
In addition, listed companies on the Shanghai Stock Exchange are increasing the construction of hardware facilities to improve the "added value" of transportation.
Sichuan Chengyu has worked hard to promote the construction of highway charging and swapping infrastructure, and has completed the construction of 221 charging stations in 32 expressways and 44 service areas, realizing full coverage of electric energy replenishment on expressways in the province.
Among them, the "Chengdu-Chongqing Electric Corridor Charging and Swapping Heavy Truck Project" will be completed by the end of 2023, with a total distance of 410 kilometers and 3 battery swaps, taking 6 hours. The single battery replacement time is only 3-5 minutes, and the success rate of automatic battery replacement is 99%, which is suitable for most heavy truck models such as Geely, Dongfeng, FAW, and Sinotruk Ace. The company provides a strong guarantee for solving the "range anxiety" of residents' travel.
The transportation of key materials is guaranteed and smooth
China's transportation production index (CTSI) shows that in December last year, the CTSI index continued to maintain a year-on-year growth range of more than 25%, and the overall transportation production continued to recover, especially the CTSI freight index increased by 8 year-on-year1%, maintaining a relatively fast growth range of more than 8% for five consecutive months.
In the context of the continuous recovery of transportation production, the Shanghai company has helped the "main artery" of transportation and the "microcirculation" of logistics to ensure the orderly and efficient distribution of important products such as food, energy, and automobiles.
COSCO SHIPPING actively serves the "national car going to sea", meets the needs of car companies, and innovates combined transportation solutions such as "pulp ship with frame + car ship ro-ro + heavy crane ship hoisting" to meet the customized needs of different models and different flow directions, and will carry a total of 24 commercial vehicles in 202390,000 units.
In response to the problem of new energy vehicles getting out of the cabin, COSCO SHIPPING has transformed the pulp ships under construction in batches, applied for dangerous goods carrying certificates, and developed an intelligent temperature monitoring system, with advanced dynamic perception and AI intelligent stowage, to realize the full-link visualization service of the car in transit, and carry new energy vehicles safely and with high quality throughout the year860,000 units, with a market share of 71%, becoming a new benchmark for the main fleet of shipping central enterprises to serve China's advanced manufacturing to accelerate "going to sea".
COSCO SHIPPING can actively undertake the mission of the state-owned fleet to protect the country's oil and gas resources. In terms of oil transportation, in the fourth quarter of 2023, the proportion of VLCC (ultra-large oil tanker) capacity to China's ** import cargo will reach 75%; The Middle East accounted for 57% of the eastbound cargo, of which 72% was destined for China; The Atlantic route accounts for 43%, of which 85% is destined for China.
There is great potential for the valuation of transportation enterprises in Shanghai to be repaired
According to the data, the total dividend of Shanghai transportation companies in 2022 will be about 97 billion yuan, especially the main business income of companies in the high-speed industry is stable, the monetary funds are sufficient, and the long-term high proportion of dividends, such as Shandong Expressway, Nanjing-Shanghai Expressway, Anhui-Tong Expressway and other cash dividends exceed 60%. However, the overall valuation of listed companies with high-quality assets such as road property, aircraft, high-speed rail, and port facilities is still at a low level, and nearly 30 of them have a price-to-book ratio of less than 1 times.
In this regard, many listed companies have actively carried out smart transportation transformation, promoted the deep integration of new technologies and the transportation industry, and strengthened data resources to empower transportation development. Industry insiders said that by accelerating the construction of integrated smart transportation infrastructure, information smart transportation technology platform, and innovative smart transportation application service new infrastructure system, the valuation of Shanghai transportation companies can be expected to repair in the future.
Chutian Expressway adheres to the integrated development of the dual main businesses of "road and bridge operation + intelligent technology", and independently develops and applies a number of software and hardware products and systems such as the intelligent transportation comprehensive operation and control platform and the mainline overrun monitoring system to achieve the "double improvement" of economic and social benefits. Iteratively develop and apply intelligent toll collection robots to collect and read cards within 3 seconds and pay fees within 10 seconds, greatly saving labor costs and improving operational efficiency.
In the tide of reform and development, Fangxing Company, a holding subsidiary of Ganyue Expressway, has continuously accelerated reform and innovation by relying on talent and technical resources, and has developed a series of independent products, such as "Jiangxi Jiaotong Digital Brain", "Highway Tunnel Inspection Robot", "Smart Toll Station" and other products, and jointly carried out scientific research with Huawei, Huada Beidou and other leading enterprises, and developed "Hongmeng Digital Products" and "Smart Tunnel System" and other products in the fields of smart transportation, information system integration, and mechanical and electrical maintenance. It has obtained 120 software copyrights and 138 valid patents, of which 26 are invention patents.
In addition, Fangxing company strengthens market development efforts, continues to promote related technology products to the provincial and foreign markets and Ethiopia, Pakistan, Sri Lanka, Bangladesh and other "Belt and Road" countries, its 30 sets of "laser model recognizer" in Bangladesh Dhaka Airport elevated expressway project put into use, recognition accuracy of more than 98%.