High House prices, wine prices as we all know, and compared to these two sectors, however, gross profit margin of the expressway are comparable. Profits full bowl full of Expressway company has expanded its business to even be real estate, finance.
Average gross profit margins far beyond real estate.
At least dozens of dollars, hundreds of thousands of dollars, paid by going North and South, flowing through the vehicle of highway tolls, as highway listed company's main source of income. Busy road traffic is a high gross profit margins of these companies.
A-shares in Shanghai and Shenzhen has 13 19 Highway listed company announced the 2011 annual report, average gross margins as high as 56.08%, Chongqing Road Bridge with the highest gross profit margin even up to 91.14%. Interest rates even more than the liquor industry. According to the Guizhou moutai 2010 annual gross margin of 90.95%.
Just the bridge in Chongqing listed companies, Wan-pass high-speed, longjiang road, Dongguan all the gross margin of the holding in 60% above. Judging from the industry as a whole, the highway industry greatly exceeds the average gross profit margin of real estate industry, rival of liquor-making industry.
Under the finance meeting statistics, average gross profit margin of real estate industry in 2011 is 39.38%, gross profit margin more than 60% in a handful of listed companies in real estate, and the highway listed company easily surpassed the "bar".
Business reach to real estate finance.
Although business gross margin astonishing, but to make money by charging tolls for listed companies, not content with this. Rate of return on equity, after all, the highway industry returns are relatively limited.
Nanjing-Shanghai Express, in its annual report for 2012 business development goals and measures, special cleaning for the nationwide toll road will be completed in May 2012, the end of stage work, did not rule out at this stage there will be a new policy measures, may have effects on the company's main business.
At the same time, "pushing real estate development and sales of" Nanjing-Shanghai express 2012 year another important task.
Transferred to real estate is not just Nanjing-Shanghai Express, including listed companies of Shandong high speed over Highway, in the development and sales of real estate projects in the process.
CICC analysts review pointed out in the study on the high speed performance of Shandong, Shandong high speed will nurture business become a new growth point of profit in real estate, and diversification of companies will also be extended and seek extension development.
Another highway listed company, WAN link speed is attached to your business's financial sector, since last year, the company had invested 500 million Yuan to buy shares us financial firms, $ 150 million investment and Anhui provinces through pawn.
Consumers look forward charging clear.
Of these listed companies, highway tolls from profits full bowl full, even to go to the real estate, financial, to obtain more receipts and highway use, but for the high cost of access constantly complain.
According to the Ministry of transport statistics, as of November last year, national toll roads of Highway survey mapping results in all provinces have been announced. Query, in addition to non-toll roads in Tibet and other toll roads in 30 provinces and accumulated debt of nearly $ 2.3 trillion, 2010 rates of toll road for $ 285.946 billion.
He Jianzhong Department of transportation spokesman said at a routine press conference in late March, is currently in the management of toll roads, indeed there was some information publicly transparent enough, and perform standard enough for problems, highway level of service quality are still has much room for improvement and upgrading.
How many toll roads throughout the country? The basic problem is hard to find a very clear answer. And other Web sites in Home display the most current data is different, in the Ministry of transport website Home of very "traffic", are currently only see data in late 2006. The "profile" does not include toll roads.
Although the number of toll roads are not official data, but since last year's "special toll road cleanup" work had begun on a number of ECHO: common troubleshooting problems found 771 items, as of late March, has been completed and is about to complete the rectification projects, 522, 68% per cent of the total.
2012 new year's day begins, hujia Expressway in China's first Expressway toll after 23 years, and has stopped charging. Although each highway like Hu Jia as free high speed access does not actually, but consumer expectations: you have to make highway toll collection, the clear-up, understand.
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