world of tanks power leveling according to authoritative statistics data - XBB

Morning news reporter Cao Xijing for questioning the social toll is too high, said a few days ago the Ministry of transport stakeholders, since the toll since the great clean up, the Ministry of transport is working on research on Expressway charge high margins of some problems and hopes that by adjusting the toll road Management Ordinance, amending the Highway Act and other laws and regulationsAnd fundamentally solve the problem. The industry believes, is currently a-share listed on the highway despite the margin is high, but debt, ROE is not high, there is not much profit, thus rectifying the effects on profits is unlikely.　　However, in recent years Highway units but stock prices already reflect market negative expectations. High gross margins seems exorbitant profits it is understood that the high speedHighway mileage up to 74,000 kilometers, after the United States ranks second in the world. The toll road Management Ordinance promulgated by the State Council earlier made clear, highway development should adhere to the cause of non-toll. However world of tanks power leveling, according to authoritative statistics data, the current highway three, level road of 95% were toll roads. Many of them are overdue charges, excessCharges. According to statistics, last year's third-quarter overall sales margin of 19 listed Highway companies as much as 59.27%. Chongqing luqiao sales gross profit margin reached 91% last year, rival of Guizhou maotai. Individual Freeway the profitability of listed companies have more than a "road charges repayment of loans" range. If WAN link high speed of its core assets of Hefei-Nanjing Expressway, 1995 years to traffic starting at only $ 1 billion of investment, plus two major alteration to invest $ 2.7 billion in 2002 and 2004, a total of $ 3.7 billion of investment. 2002 to 2010 toll has exceeded $ 5 billion, which also don't count the 7 years before the opening of the toll revenues. Calculated according to length of Highway 30 toll collection, now on Hefei-NanjingHighway had only received half of the number of years, can also take for 14 years. These figures seem Highway unit is a "windfall", but some analysts also point out that, as the highway industry investment cycle is longer, higher depreciation and debt, ever since the ROE lots is not impressive. 19 companies in the first three quarters of last year, modern with the highest rate of return on equity investments18.8%; in Heilongjiang province with the lowest traffic is only 3.8%. Statistics show that up to the third quarter of 2011, 19 Highway listed company's total liabilities of $ 109 billion, in which Zhongyuan high assets liabilities rate of 78%, 66.5%, Chongqing Road and bridge debt to asset ratio last year. "Due to the construction of the 60%-70% motorway needs to rely on bank loans, netYield to 12% more generally healthy. "One industry analyst said," in fact, apart from a few sections, a highway unit level of profitability in the industry as a whole is not too high.　　"The slowdown in economic growth this year, and lower infrastructure investment, the highway unit profit model of a single world of tanks power leveling, if you stop or reduce fees, the" cash cow "status or challenged. Straighten upCompanies have very different effects on June 20 last year after the national toll roads special cleanup work began, many provinces and cities on individual road sections to reduce fees, repo removed some charging stations. Nanjing-Shanghai express bulletin, effective January 10, 2012 will reduce highway tolls imposed minimum standards for passenger cars, 7 passenger car toll imposed minimum standards adjusted by $ 15To $ 5, 8-19 bus drop from $ 15 to $ 10, 20-39, and more than 40 passenger cars from $ 20 down to $ 10. Not considering lowering the minimum traffic increase after fees, Bank of China International Securities Du Jianping expects the company's net profits would be reduced by about $ 100 million in 2012, $ per share earnings 0.0197, relatively limited impact. Taking into account the reduced chargesStandard traffic flow increased, effect is expected to be smaller. However, the increase in fees of listed companies. Longjiang traffic bulletins, since November 15 last year, more than 8 seats, 2 ton van toll increase from 0.13 to 0.45/cars · km, in 16% per cent. At the same time since November, the unification of Expressway in Heilongjiang province in the exercise shall be paidIs satisfied that all vehicle tolls laden-type vehicle on a trial basis weight fees, including company has the right to the Hada Expressway, projected revenue from the tolls for the company had a positive impact. In addition, as lower road toll period and normalized, highway unit runs to lose the market sharply last year, current valuations have reached historic lows. In order to ensure sustainable return world of tanks power leveling, and some companiesHad to reach to other industries. Of Guangdong of Jiangxi high speed, high speed and Shandong in Hainan Express, continental transportation, investments are involved in real estate in Hunan and Anhui provinces through high speed plans to spend 150 million into the pawn shop industry, and so on. 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