京沪高铁本线客流再次下降 净利润127亿元创历史新高

Core Viewpoint - The company achieved its best operational performance since its listing, with a revenue of 42.157 billion yuan and a net profit of 12.768 billion yuan in 2024, marking a year-on-year increase of 3.62% and 10.59% respectively [2] Financial Performance - In 2024, the company's passenger transport revenue was 15.829 billion yuan, a decrease of 1.57% year-on-year, while network service revenue increased by 7.15% to 25.955 billion yuan [5] - The total operating income reached 41.784 billion yuan, reflecting a year-on-year growth of 3.67%, with a gross profit margin of 46.92%, up by 1.63 percentage points from the previous year [5] Passenger Traffic Trends - Despite the increase in revenue and profit, passenger traffic on the main line decreased, with 52.016 million passengers transported in 2024, a decline of 2.31% year-on-year [3][4] - In the first half of 2024, passenger numbers were 24.709 million, down 1.1% compared to the same period in 2023 [4] Pricing Strategy and Market Dynamics - The decline in passenger traffic is attributed to a market-oriented pricing mechanism, which includes a seven-tier pricing scheme during peak travel periods [4] - The company has increased the operational density of high-quality benchmark trains and improved its service offerings, contributing to a more favorable pricing relationship [4] Cross-Line Operations - The company reported a significant increase in cross-line train operation mileage, reaching 10.2507 billion train kilometers in 2024, an increase of 11.4% year-on-year [4][6] - The operational mileage for the rail lines managed by the Jiangfu Anhui Company also grew by 5.7% [4] Smart Technology Initiatives - The company is advancing its smart technology initiatives across various operational areas, including safety management and service enhancement [7] - In June 2024, the company launched an upgraded version of the Fuxing intelligent train, enhancing passenger seating options [7] Future Plans - The company aims to optimize its transportation product offerings and enhance passenger experience through improved service standards and diverse connection services [8] - Plans for 2025 include the introduction of pet transportation services and the application of Beidou technology in operations [8]