Daqin Railway Co., Ltd. launched its reform and restructuring officially in June, 2004, in accordance with the reply of State Council to theRequest for Instructions Concerning the Reform and Listing Scheme of Datong-Qinhuangdao Railway from the Ministry of Railways (No. 2095  of the Ministry of Railways) and theReply Concerning the Scheme of Restructuring Datong-Qinhuangdao Railway Co., Ltd. and Its Public Issuance of A Stocks (No. 550  of the Ministry of Railways and the Ministry of Political and Legal Affairs).
The Datong-Qinhuangdao railway started the reform and restructuring in advance due to its comparatively independent business and assets. In October, 2004, it acquired several documentations, including the Reply to the Approval for Land and Assets Disposal Scheme for Reform and Listing of Datong-Qinhuangdao Railway (No. 328  of the Ministry of Land and Resources), the Reply to the Land and Assets Disposal Scheme for Reform and Listing of Datong-Qinhuangdao Railway (No. 377  of the Ministry of Land and Resources), Opinions on the Examination of Assets Appraisal Concerning the Funding of a Limited Liability Company by Beijing Railway Bureau (NO. 363  of the Ministry of Finance and the Ministry of Construction) and the Reply to Problems Concerning the Management of State Equities of Daqin Railway Co., Ltd. (financed) (No. 371  of the Ministry of Finance and the Ministry of Construction), and thus finished its preparations for the reform. On October 26 of the same year, the original Beijing Railway Bureau, together with the other six initiators, convened a conference for the founding of the Daqin Railway Co., Ltd. in Beijing and on October 28, the Company was registered in the State Administration of Industry & Commerce.
The initiators invested 15,302,237,072.75 Yuan of net assets in total, exchanged at a ratio of 65% into 9,946,454,097 stocks, a face value of 1.00 Yuan RMB per share. All of them belong to ordinary stocks; the 5,355,782,975.75 Yuan, not exchanged into capital stocks, was included in the capital reserve of the Company. The original Beijing Railway Bureau held 9.465 billion stocks, accounting for 95.16% of the whole; the rest initiators contributed 740 million Yuan in cash totally, of which the Datang International and the Huaneng Group contributed 150 million Yuan, held 97.5 million stocks and accounted for 0.98% either; Datong Coal Mine Group, Zhongmei Group, Qinhuangdao Port Group and Top-Founder Investment contributed 110 million Yuan in cash, held 71.5 million stocks and accounted for 0.72% respectively.
On January 1, 2005, Datong-Qinhuangdao Railway purchased the assets of Feng-sha-da and Bei-tong-pu and other routes as well as freight wagons specific to Da-qin route and thereby realized the overall reform in the principal transportation of the original Datong Railway Branch.
In March, 2005, the Datong-Qinhuangdao railway thoroughly practiced the structural reform of railway administrations controlling stations and sections directly. The original Beijing Railway Branch was divided into Beijing Railway Bureau and Taiyuan Railway Bureau. The latter became the dominant stockholder of the Company and inherited all of the relevant equities and rights concerning the Datong-Qinhuangdao railway of the original Beijing Railway Bureau.
In July, 2006, with the successful development of the reform of equity division on the capital market, Datong-Qinhuangdao railway accelerated its launching of IPO. On July 12 of the same year, it acquired the Notice Concerning the IPO of Daqin Railway Co., Ltd. (No. 42  of China Securities Regulatory Commission) and finished roadshow and marketing, determined the issue price, completed off-line and online subscription, verified the capital, submitted the listing documents to the registered company and Shanghai Stock Exchange and performed a series of listing procedures. On July 28, it acquired the listing approval document Notice Concerning the RMB Ordinary Stock Flotation of Daqin Railway Co., Ltd. (No. 568  of Shanghai Stock Exchange) from the Listing Committee of Shanghai Stock Exchange. On August 1, 2006, the Datong-Qinhuangdao railway held the opening ceremony in Shanghai Stock Exchange. Its stocks were called “Da-qin Railway” for short and the stock code was 601006. 3.03 billion stocks were issued at this time at a price of 4.95 Yuan per share and 15 billion Yuan was raised. Then, the general capital grew from the initial 9.946 billion stocks to 12.977.
In order to make improvements further and enhanced its leading position in the strategy of “transporting coal from the west to the east”, Datong-Qinhuangdao railway purchased the assets and the equities related to the main transportation business of Taiyuan Railway Bureau and was listed overall via loaning and public offering in October, 2010, in accordance with documents like Reply to Problems Concerning the Overall Reform and Listing of Main Transportation Business of Taiyuan Railway Bureau (No. 1488  of the Ministry of Railways and the Committee for Political and Legal Affairs) and Opinions on Assets Appraisal Verification Concerning the Restructuring and Overall Listing of Main Transportation Business of Taiyuan Railway Bureau (No. 893  of the Ministry of Finance and the Ministry of Construction). On November 5, 2010, Da-qin Railway offered 1.89 billion A stocks for trading publicly and its general capital increased to 14.867 stocks. After that, Taiyuan Railway Bureau held 61.70% of the total stocks and its shareholding position remained unchanged.