Core Viewpoint - The article discusses the performance of the Shanghai Composite Index and the Hang Seng Index on July 31, highlighting a decline in both indices, along with specific details about the pricing and premium of Guangshen Railway's A and H shares [1][2]. Group 1: Market Performance - On July 31, the Shanghai Composite Index fell by 1.18%, closing at 3573.21 points [1] - The Hang Seng Index decreased by 1.6%, ending at 24773.33 points [1] Group 2: Guangshen Railway Overview - Guangshen Railway Company, established on March 6, 1996, is the only railway transportation enterprise listed in Shanghai, Hong Kong, and New York [1] - The company primarily operates passenger and freight transport services along the Shenzhen-Guangzhou-Pingshi railway segment and collaborates with Hong Kong Railway Company for direct passenger train services [1] Group 3: Stock Performance - Guangshen Railway's A shares closed at 2.97 yuan, down by 2.3%, while its H shares closed at 1.96 HKD, decreasing by 3.45% [1] - The A/H premium for Guangshen Railway reached 65.37%, ranking it 58th among AH shares in terms of premium rate [1]

Core Viewpoint - The announcement of a cooperation agreement between Guangzhou-Shenzhen Railway and local government for the Guangzhou East Station renovation project, with a total investment of approximately 16.66 billion yuan, is expected to significantly impact the company's financial status and operational results [1][2]. Investment Project Details - The project involves a "ground + underground connection" renovation with a scale of 14 platforms and 24 tracks, with a total investment of about 16.66 billion yuan, excluding the municipal supporting project investment [2]. - The investment structure includes approximately 2.228 billion yuan to be borne by the Guangzhou municipal government, while the project company will include about 14.432 billion yuan, with contributions from the Guangzhou municipal government (approximately 9.811 billion yuan), Guangzhou Railway Group (approximately 3.064 billion yuan), and Guangzhou-Shenzhen Railway (approximately 1.557 billion yuan) [2]. Company Background - Guangzhou-Shenzhen Railway is the only railway transportation company listed in Shanghai, Hong Kong, and New York, primarily engaged in passenger and freight transport along the Shenzhen-Guangzhou-Pingshi route [3]. - The company reported a revenue of 27.09 billion yuan and a net profit of 1.06 billion yuan for the year 2024 [3][4]. Financial Performance - The company's total revenue for the year ending December 31, 2024, was 27.09 billion yuan, showing an increase from 26.1977 billion yuan in 2023 [4]. - The net profit for the same period was 1.06017 billion yuan, slightly up from 1.05877 billion yuan in 2023 [4]. - As of July 25, the market capitalization of Guangzhou-Shenzhen Railway was 21.6 billion yuan [4].

【导读】项目总投资占比超广深铁路去年营收六成 中国基金报记者 南深 7 月 25 日晚，广深铁路发布公告称，于 2025 年 7 月 25 日与广州市政府、中国铁路广州 局集团有限公司（以下简称广铁集团）就广州东站改造工程签订了合作协议。 据悉，项目按照 " 地上 + 地下贯通 " 、 14 台 24 线的规模改造，总投资约 166.6 亿元 （最终以实际批复为准，不含广州市独资的广州东站同体市政配套工程投资）。合作协议涉 及广深铁路的相关具体内容包括但不限于广州东站既有资产（含土地）处置、对外投资与其 他方共同组建项目公司、所参股铁城公司资产处置及还建、公司所属石牌客整所土地上盖综 合开发。 据此前广州本地媒体广州日报报道，广州东站改造工程项目是将广汕铁路、赣深高铁、广珠 澳高铁、广深高铁新通道等引入广州中心城区的重要组成部分， " 目前，中国铁路广州局集 团正全力以赴加快推进后续各项准备工作，项目即将进入全面建设阶段，计划 2030 年左右 建成 " 。 资料显示，广深铁路是目前中国唯一一家在上海、香港和纽约三地上市的铁路运输企业。公 司主要经营深圳 — 广州 — 坪石段铁路客货运输业务及长途旅客列车运输 ...