The “Notice” mentioned that the National Development and Reform Commission agreed to the National Railway Group to issue China Railway Construction Bonds of 210 billion yuan, of which 70 billion yuan was raised for railway construction projects, 140 billion yuan is used for debt restructuring.
This bond registration is valid for 24 months, and the first issue should be completed within 12 months.
This bond is issued to institutional investors in the inter-bank market, Shanghai Stock Exchange and Shenzhen Stock Exchange through members of the underwriting syndicate. After the bonds are listed, both institutional investors and individual investors can participate in the transaction.
On April 30 this year, the National Railway Group successively released the first quarter financial statements and the 2019 financial statements.
In the first quarter of this year, China National Railway Group achieved revenue of 188.3 billion yuan, a year-on-year decrease of 28.1%; a net loss of 61.38 billion yuan, a year-on-year increase of 61.16 billion yuan. The delivery volume was 824 million tons, an increase of 3.1% year-on-year, and the passenger volume was 378 million, a decrease of 54.8% year-on-year.
At that time, the relevant person in charge of the National Railway Group said that in the first quarter, in order to maintain the health and safety of passengers and railway employees, the National Railway Group made every effort to ensure the expenditure of epidemic prevention and control Carry out cost reduction and consumption reduction, effectively control operating costs, and achieve a stable and orderly production and operation of railway transportation. The main reason for the decrease in revenue and loss of net profit is due to the impact of the new coronary pneumonia epidemic, resulting in a substantial reduction in railway passenger and non-transport revenue. Among them, the national railway passenger ticket revenue was 45.3 billion yuan, a year-on-year decrease of 47.4 billion yuan, down 51.1%; hotel, tourism, and catering and other revenues were 46.4 billion yuan, a year-on-year decrease of 22.2 billion yuan, down 32.3%.
The person in charge said that in the next step, as the domestic epidemic prevention and control situation continues to improve, the resumption of production and production in various places is in full swing, and the demand in the transportation market is gradually picking up. We will earnestly implement the central government’s overall planning to promote epidemic prevention and control and economic and social development decision-making and deployment, focus on the “six stability” work, implement the “six guarantees” task, and orderly promote key railway work under normal epidemic prevention and control conditions to ensure railway Safe and smooth transportation, accelerating the construction of railways, in-depth implementation of incremental freight operations, accurately increasing the effective supply of passenger transportation, and making new contributions to economic and social development