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Transfer from: Prospective Industry Research Institute

Major listed companies in the industry: China Railway (601390.SH), China Railway Construction (601186.SH), Tunnel Stock (600820.SH), Hongrun Construction (002062.SZ), China Railway (601766.SH), Connie Electromechanical (603111.SH), China Communications (688009.SH), etc.

The core data of this article: the urban rail transit industry represents the scale of corporate financing; the urban rail transit industry represents the scale of corporate investment

The financing of listed urban rail transit companies is mostly used to supplement working capital

According to the announcement of representative listed companies, the financing means of representative listed companies in the urban rail transit industry are mainly targeted issuance and issuance of corporate bonds, which are mainly used to repay debts, supplement liquidity, develop main business and diversify business, of which supplementary liquidity is the main purpose. Since 2015, the financing events of representative listed companies in the urban rail transit industry are summarized as follows:

Summary of foreign investment of representative enterprises in urban rail transit

From the perspective of the foreign investment of representative enterprises in the urban rail transit industry, the purpose of foreign investment by enterprises in the industry is mainly to expand business development areas, develop main businesses and diversify businesses. Since 2022, the foreign investment of representative enterprises in the urban rail transit industry is summarized as follows:

judging from the foreign investment of representative enterprises in the industry, since 2022, China railway construction has the most abundant investment objectives, including downstream layout, capacity expansion and diversified business development. The investment purposes of China Railway, Hongrun Construction, China Railway, Brilliant Technology and China Communications are mainly capacity expansion and diversified layout. The purpose of Xinzhu's foreign investment is mainly to develop diversified businesses. The purpose of other enterprises' foreign investment is mainly to expand production capacity.

From the perspective of the business type of the investment target, since 2022, scientific research and technical services, construction, and manufacturing are the main types of foreign investment by representative enterprises in the urban rail transit industry, accounting for 26% and 17% respectively.%, 15%, the above-mentioned types of enterprises have a high correlation with the urban rail transit industry.

More funds for urban rail transit industry

According to the China Securities Investment Fund Industry Association, there are a large number of domestic urban rail transit-related industry funds, mostly established after 2015, mainly used to support the development of rail transit in Beijing, Shanghai, Guangzhou, Qingdao, Suzhou and other cities.

The main participants in the merger and reorganization activities of urban rail transit are midstream and downstream enterprises

Overall, in recent years, there has been less time for mergers and reorganizations in the domestic urban rail transit industry, with the main participants being midstream and downstream enterprises in the industrial chain, and the types of events include backward integration of midstream enterprises, horizontal expansion of midstream enterprises, forward integration of downstream enterprises, and horizontal scale of downstream enterprises.

Summary of investment, financing and merger and reorganization of urban rail transit industry

For more research and analysis of this industry, please refer to the "China Urban Rail Transit Industry Market Outlook and Investment Strategic Planning Analysis Report" by the Foresight Industry Research Institute.

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