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The cargo volume of the entire route completed more than 60% of the annual plan and continued to operate at a high level
Our Reporter / Lu Bingyang / Beijing Report
In the first eight months of 2020, the national rail freight volume was 2,323 million tons, an increase of 4.92% year-on-year. Among them, 308 million tonnes of goods were delivered in August, an increase of 21.02 million tonnes or 7.3% year-on-year. China National Railway Group Co., Ltd. (hereinafter “China Railway Group”) released data on September 8 showing the above content.
Since the beginning of this year, the volume of national freight transport by rail has increased significantly, with year-on-year growth rates of 3.9%, 7.77%, 8% and 7.3% respectively from May to August. In August, China Railway Group loaded 166,000 vehicles a day, an increase of 8.4%; the average daily container load was 34,300 vehicles, an increase of 35.9%, and freight revenue was 34.4 billion yuan, an increase of 4.2%.
With respect to China-Europe freight trains, a total of 1,247 trains were operated in August and 113,000 TEU of freight shipped, an increase of 62% and 66% respectively year-on-year, with a combined heavy container rate of 98 ,5%. China Railway Group stated that in the next step, it will continue to take advantage of all-weather and large-capacity logistics channels, deepen the structural reform of the transport supply side, actively adapt to the new cycle development pattern. dual national and international and will continue to optimize the structure of transportation products.
The National Railway Group’s 2020 national rail freight volume target is 3.65 billion tons. Now it has completed 63.64% of the annual volume, and the annual growth rate will reach 6.10%. A person from the National Railway Group told a China Business News reporter that the growth rate of cargo volume has been increasing since the beginning of this year, and that the ultimate goal of cargo volume is not less than the same period last year was achieved in the first half of the year. “Although there is still pressure to complete the cargo volume target, judging from the current cargo growth rate, the annual task can be completed,” he said.
The transport of bulk materials is the “leader” of rail freight and coal is the top priority of rail transport. The current situation of the national rail transport of coal is not optimistic. In August, the entire rail network carried 140 million tons of coal.
Coal isDaqin RailwayThe most important transportation goods, Daqin Railway Co., Ltd. has completed a total of 188 million tons of cargo in the first half of 2020, a year-on-year decrease of 14.01%; operating income in the first half of the year was approximately 33,456 million yuan, a year-on-year decrease of 16.92%, and net profit was approximately 5,576 million. Yuan, a year-on-year decrease of 30.65%. The two derailments of the Daqin Railway in August, which caused the entire line to be disrupted, added further uncertainty to transportation in the second half of the year (for details, see the August 24 “China Business News” report, “The story of another derailment on the Daqin Railway. “Blue Alert).
The decline in coal transportation is a common problem faced by national railways in the first half of the year. According to data from the National Development and Reform Commission, from January to June, the national railways shipped 1.12 billion tons of coal, a year-on-year decrease of 6.8%. On August 27, Huang Xin, deputy director of the cargo department of China Railway Group, presented at the national summer coal fair that from February to May, due to the slow market demand for coal, the average daily coal load of the country was 61,000 vehicles, a significant year-on-year decrease; In June, the average daily load just rebounded to 70,000 vehicles.
Daqin Railway also said that domestic demand for coal will remain stable in the second half of the year. However, there is still greater pressure to coordinate the promotion of safe transport operations and the prevention and control of epidemics. With the replacement of clean energy, competition from imported coal, and the continuing trend of changes in the regional pattern of coal transportation, the company will face more severe challenges.
From June to July, due to the recovery in downstream demand, the monthly transport volume of the Daqin line has recovered year-on-year. According to Daqin Railway’s previous forecast, the annual cargo volume of the Daqin line will be 400 million tons, a decrease of 30 million tons from the previous year; the company’s total cargo volume is 640 million tons, a decrease of 5.88% over the previous year.
The Haoji Railway, another heavy-duty coal transportation line recently opened in 2019, is even less optimistic. Xi’an News Network announced on July 31 that in the first half of 2020, the Haoji Railway had shipped 9,762,800 tons of coal, with a daily average of only 53,300 tons, which was only 5.20% of the transport volume of the Daqin line. 70% of the planned railway volume. From the comparison of the planned transportation volume, the total transportation volume of Daqin Line in 2019 is 431 million tons, while the designed annual transportation capacity of the Haoji Railway is 200 million tons.
On December 4, 2019, at the National Coal Fair, Ying Hui, director of cargo transportation department of China Railway Group, said: “Take advantage of the capacity of the Haoji railway and strive to increase the capacity of more than 25 million tons”. In October 2019, when the Haoji Railway was inaugurated The average daily transport volume is 35,000 tons, that is, the additional transport goal of 25 million tons in 2020 is equivalent to the actual transport volume in 2020 of about 28 million tons. tons.
There are many bottlenecks that restrict the Haoji Railway’s transportation capacity, such as insufficient demand for coal, peak cycles, and difficulty of dispatch. The delay in the construction of collection and distribution systems, including special railway lines, is also one of the important reasons (see “China Business News”, October 2019 Reported on the 14th that Haoji Railway needs to overcome four difficulties ).
Affected by the new corona pneumonia epidemic, China Railway Group’s transportation revenue fell dramatically in the first half of the year. According to the “China Railway Group Audit Report for the First Half of 2020” released on August 31, China Railway Group’s passenger revenue in the first half of the year was 89.28 billion yuan, a year-on-year decrease of 52, 71%; Compared to the sharp drop in passenger revenue, freight revenue was basically flat. In the first half of the year, freight revenue was 169,827 million yuan, a year-on-year decrease of 3.04%. In the first half of the year, China Railway Group’s total revenue was 403.93 billion yuan, a year-on-year decrease of 23.52%. The sharp drop in transportation revenue caused a loss of 95.543 billion yuan in the first half of the national railway group.
With regard to the financial situation of China Railway Group, China Chengxin International Credit Rating Co., Ltd. (hereinafter “China Chengxin”) recently released the “China Railway Construction Bond Tracking Rating Report 2020” ( hereinafter referred to as the “Report”), which indicates that from 2017 to 2019 China National Railway Group’s annual growth rate of transportation revenue was 17.11%, 10.31% and 6.66%, respectively . Although revenue has increased year over year, the growth rate has slowed down year over year. The “Report” believes that in 2019, China Railways implemented a tax and fee reduction decision and adopted a series of rate reduction measures, which made the growth rate of freight revenue slower than that of the cargo volume, and led to a further decline in the revenue growth rate of China Railway Group’s transportation business.
According to China Chengxin, before 2016, rail passenger traffic has increased year on year, and the rail freight business has been eroded by land transportation, making the proportion of passenger revenue of China Railway Group increase year by year. Since 2017, the new policies of the Ministry of Transport on road regulation and the country’s policies to encourage adjustments in the transport structure and increase rail traffic have brought significant benefits to the transport of goods by rail. Rail freight revenue has continued to grow in recent years and its revenue share has remained at around 45%.
Benefiting from the best situation in the prevention and control of national epidemics, rail transport has gradually returned to normal from the second quarter. In the second quarter, passenger and cargo transportation revenue increased month-on-month, increasing by 500 million yuan, 8 billion yuan and 2.1 billion yuan from April to June. In July, the volume of passengers and domestic rail cargo was 203 million passengers and 316 million tons, respectively, an increase of 24.54% and 3.6% compared to the previous month.
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