This City's Metro Came 1st in Revenue and Profit in 2020

By That's Shenzhen, June 23, 2021

0 0

Renminbi as far as the eye can see for Shenzhen Metro.

Shenzhen Metro ranked first out of 22 metro companies on the Chinese mainland for 2020 operational revenue in a report from digital media outlet jiemian.com.

The southern city’s revenue was RMB20.92 billion, while net profit was RMB11.1 billion. Guess those two-kuai trips really do add up. In comparison, the operator of Beijing Metro made a profit of RMB3.15 billion while Guangzhou Metro made RMB230 million.

In fact, the Shenzhen Metro’s net profit was more than the “total profit of the other 21 companies, which was accumulatively RMB10.6 billion,” reports EyeShenzhen. 

The company also had a relatively small subsidy from the government, a total of RMB36 million for 2020.

Check out the top 10 money-makers below:

10. Chongqing Rail Transit
9. Qingdao Metro
8. Changsha Metro
7. Ningbo Rail Transit
6. Suzhou Rail Transit
5. Wuhan Metro
4. Chengdu Metro
3. Guangzhou Metro
2. Beijing Infrastructure Investment Co.
1. Shenzhen Metro

If you’re wondering where Shanghai sits on the list, their annual report was unavailable to the public. However, according to jiemian.com, their 2017 operating revenue exceeded RMB10.6 billion.

Shenzhen Metro came out on top as almost 70% (RMB15 billion) of its operating revenue came from property development. Like most cities, Shenzhen has adopted a transit-oriented development (TOD) mode which combines metro construction and property development. Other cities which also relied heavily on TOD were Beijing, Wuhan, Ningbo, Guangzhou, Qingdao and Nanning.

Out of 18 companies surveyed, 14 of them had ticket revenues that accounted for less than 50% of their operating revenues. Ningbo, Suzhou and Nanchang ticketing took up less than 10% of their operating revenues.


[Cover image via Wikimedia]

more news

Some Transport Routes to Beijing Suspended Due to COVID-19

Tickets for some domestic transport routes to Beijing are temporarily unavailable.

Beijing Announces New COVID-19 Measures

Residents are advised not to leave Beijing, except for essential purposes.

Kris Wu Arrested in Beijing on Suspicion of Rape

Chinese police released a statement on Saturday night regarding Wu's arrest.

2 New COVID Cases Break Beijing’s 180-Day Spell

Two new confirmed local COVID-19 infections were reported in Beijing on July 28.

Another New Public Transport Link to the Beijing CBD?

Construction recently began on Line 28 of the Beijing subway.

Beijing Subway Lines 1 and 2 to Extend Operating Hours?

The extended hours apply to Friday and Saturday.

Beijing Subway Line 1 to Go Directly to Universal Resort?

Commuters on Line 1 noticed a change to the terminus station.

Beijing Sees 14 Hours of Very Heavy Rain

From 6pm on Sunday, July 11 until 8am the following day, the Chinese capital was hit by a 14-hour period of heavy rainfall.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at ThatsBeijing for events, guides, giveaways and much more!

7 Days in Beijing With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Beijing!

Visit the archives