Controlled by Taiyuan Railway Administration, Daqin Railway Co., Ltd. (601006) is a regional, diversified railway transport enterprise and bases its business on the transportation of coal, coke, iron and steel, ores and passenger transport. The Company was founded on October 26, 2004 and registered in the State Administration of Industry and Commerce (SAIC) on October 28 of the same year. Its legal representative is Mr. Yang Shaoqing.
The Company started issuing A shares on China’s capital market in July, 2006 and was listed and started trading in Shanghai Stock Exchange on August 1 of the same year. Thus, it became China’s first listed railway enterprise focusing on core trunk lines of road network. With the platform for railway enterprises to finance through capital market built up, key breakthroughs were made in the reform of railway financing system. Furthermore, the Company in 2010 purchased the major business assets and relevant equities of the Taiyuan Railway Administration, with an asset size of 32.8 billion Yuan, including 1.89 billion A stocks via public offering, raising funds 16.5 billion Yuan. The Company reached a record high of non-financial issuance in the capital market.
The Company operates 9 trunk lines, namely Da-qin, Bei-tong-pu, Nan-tong-pu, Hou-yue, Shi-tai, Feng-sha-da, Tai-jiao, Jiang-yuan and Hou-xi, and 9 branch lines, namely Kou-quan, Yun-gang, Ning-ke, Ping-shuo, Xin-he, Lan-cun, Xi-shan, Jie-xi and Tai-gang. The transportation network borders the Chinese major energy-product port Qinhuangdao in the east, the Yellow River Yumenkou in the west, Datong, well-known as “Coal City” in the north and the historical monument Fenglingdu in the south, passing through Sanjin from the north to the south and stretching across Shanxi Province, Hebei Province, Beijing City and Tianjin City, with an operating mileage of 2,725 Km and an overall extension distance of 7,561 Km. It is engaged in the passenger and cargo transport of Shanxi Province and part of the cargo freight of Hebei, Beijing, Tianjin, Inner Mongolia and Shaanxi, covering one sixth of the freight and one third of the coal transported via railway across China. Its customers are mainly coal companies in central and western China, the major four power grids, five power generation groups, ten iron and steel companies and tens of thousands of industrial and mining enterprises; and its economic zone covers 26 provinces, cities and municipalities, 15 countries and regions. As long as 658 Km, the Datong-Qinhuangdao railway is China’s first unit double-track electrified railway specific to overload coal transportation and a critical channel of “transporting coal from the west to the east” strategy, reputed as “the first heavy haulage railway in China”. During the eleventh “five-year plan”, the Datong-Qinhuangdao railway finished coal transportation of 1.6 billion tons, including 400 million tons in 2010 merely, playing an important role in securing national energy supply, promoting industrial restructuring and boosting the coordinated development of regional economy.
The Company is equipped with a series of globally advanced heavy haulage technologies and facilities, such as superpower electric locomotives of HXD, motor train units of CRH5, dedicated coal freight wagons of C80, CTC system, LOCOTROL system, “5T” vehicle inspection system, ZPW-2000 automatic block system and GSM-R digital communication system, taking a leading position in the railway modernization drive.