Shanghai Shentong Metro's revenue last year was 402 million yuan, 70% of which came from subway oper

According to the report, as of December 31, 2023, the entire Shanghai rail transit network has an operating mileage of 831 kilometers, 20 lines, 508 operating stations, and 83 transfer stations. In 2023, Shanghai Metro will transport about 3.66 billion passengers on its annual network, with an average daily passenger flow of more than 10 million, accounting for more than 76% of the city's public transportation. The Shanghai Metro Pujiang Line Project, Songjiang Tram Project, and Pudong Airport MRT Project, which are mainly operated by Shenkai Company, carry 45.68 million passengers throughout the year.

According to the report, in 2023, Shenkai Company, a subsidiary of Shentong Metro, will achieve double-digit growth in annual operating income. Shenkai participated in the integration of the Yangtze River Delta and the regional development of the Guangdong-Hong Kong-Macao Greater Bay Area, and completed the signing of the Dujiangyan Tram Project Operation Preparation Contract during the reporting period, and carried out formal operation preparations. In addition, it has also completed the extension of the entrusted operation contract of the Pujiang Line and the extension of the contract (Phase III) of the Pudong Airport MRT Line. According to the report, the increase in Shentong Metro's revenue was mainly due to Shenkai's Dujiangyan preparatory contract.

According to the statistics of National Business Daily, from January to December 2023, Shentong Metro's operating income can be roughly divided into: 70.39% of subway operation service income, 21.07% of financial leasing income, and 8.49% of photovoltaic power generation income. Other income accounted for a relatively small amount, about 0.04%.

During the reporting period, the financial leasing company of Shentong Metro achieved an operating income of 62.0363 million yuan, and the commercial factoring company achieved an operating income of 22.6014 million yuan. In that year, 3 new customers were added, with a cumulative investment of 763 million yuan.

In addition, Shentong Metro is mainly engaged in the field of rail transitDistributed photovoltaic power generationand charging piles and other related businesses, the new energy company will achieve an operating income of about 34.11 million yuan in 2023, with an annual growth rate of 20.63%, mainly from the electricity fee income of photovoltaic projects, and the business model and profit model are distributed photovoltaic projects and charging pile projects.

As of the end of the reporting period, the scale of photovoltaic power plants invested and constructed and managed by the new energy company was about 51.3MWp, and the total annual cumulative power generation was about 47,421,800 kWh (10,000 kWh). In addition, the Lianhua Road Station Commercial Complex and Shentong Metro Group Maintenance Logistics Charging Pile Phase 1, 2 and 3 projects have been built, with a total of 153 charging piles, with a cumulative charging capacity of 600,000 kWh and more than 62,000 charging services throughout the year.

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