On March 6, 1996, Guangshen Railway Company Limited (the ‘Company’) was registered and established in Shenzhen, the People’s Republic of China (the ‘PRC’) in accordance with the Company Law of the PRC.
In May 1996, the H shares (‘H Shares’, share code: 00525) and American Depositary Shares (‘ADSs’, ticker symbol: GSH) issued by the Company were listed on the Stock Exchange of Hong Kong Limited (the ‘Hong Kong Exchange’) and the New York Stock Exchange, Inc. (‘NYSE’), respectively. In December 2006, the A shares (‘A Shares’, share code: 601333) issued by the Company were listed on the Shanghai Stock Exchange. The Company is currently the only PRC railway enterprise with its shares listed in Shanghai, Hong Kong and New York.
The Company is mainly engaged in passenger and freight transportation businesses on the Shenzhen-Guangzhou-Pingshi Railway and certain long-distance passenger transportation services. The Company also cooperates with MTR Corporation Limited (‘MTR’) in operating the Hong Kong Through Train services. The Company provides integrated services relating to railway facilities and technology. The Company is also engaged in commercial trading and other businesses that are consistent with its overall business strategy.
The Shenzhen-Guangzhou-Pingshi Railway, which is operated solely and independently by the Company, is 481.2 kilometres long. It runs vertically through the whole Guangdong Province. Guangzhou-Pingshi railway is the Southern part of Beijing-Guangzhou railway, which is the aortic connecting the Northern railway and the Southern railway of China. Guangzhou-Shenzhen railway is strategically located and links with major railway networks in China, including the Beijing-Guangzhou, Beijing-Kowloon, Sanshui-Maoming, Pinghu-Nantou, and Pinghu-Yantian lines, as well as to the Kowloon-Canton Railway in Hong Kong. It is an important component of the transportation network of the southern China, as well as the only railway channel linking Hong Kong with inland China. The Guangzhou-Shenzhen railway is currently one of the most modern railways in the PRC, as well as the first wholly-fenced railway with four parallel lines in the PRC that allows the passenger trains and the freight trains to run on separate lines.
Passenger transportation is the principal business of the Company, including Guangzhou-Shenzhen intercity express trains, Hong Kong through trains and long-distance trains. With the Company’s effort to promote the development of high-speed passenger trains, domestically manufactured electric train sets with a speed of 200KM per hour named ‘Concord’ (‘CRH’) transported most of passengers between Guangzhou and Shenzhen. One pair of CRHs between Guangzhou and Shenzhen are dispatched every 10 minutes on average during peak hours, and the ‘As-frequent-as-buses’ inter-city operation has taken shape.
Freight transportation is one important business of the Company. The Company’s railways are closely linked with neighbouring ports, logistic bases, building materials markets, large factories and mines and the Company has also built partnerships with them on business. The Company is well-equipped with various freight facilities and can efficiently transport full load cargo, single load cargo, containers, bulky and overweight cargo, dangerous cargo, fresh and live cargo, and oversized cargo. The Company enjoys competitive advantages in transporting freight for medium to long distances in the PRC.
Railway operation service is an extended business of passenger and freight transportation expanded by the Company since the commencement of operation of Wuhan-Guanghzhou Passenger Railway in December 2009. So far, the Company has provided such service to Wuhan-Guangzhou Passenger Railway, Guangzhou-Zhuhai Intercity Railway and Guangzhou-Shenzhen-Hongkong Express Railway. With the completion and commencement of operation of a series of high-speed railways and inter-city railways in "Pan Pearl River Delta" in the future, the geographical coverage of railway operation service provided by the Company will be more extensive. Railway operation service will also become a future business growth point of the Company.
In 2008, the Company has finalized the acquisition of the operating assets of Guangzhou-Pingshi Railway, which is the southernmost section of Beijing-Guangzhou line. The operation of the Company has expanded from a regional railway to national trunk line networks. The service territory of the passenger and freight transportation businesses, the operating scale and room for the development of passenger and freight transportation businesses are all significantly enlarged, and the competitive competence and overall operating efficiency of the Company will also be greatly improved. With the continuous and stable increase of the economy of China, the instant innovation and development of railways, the strengthen of economic cooperation within the Pan Pearl River Delta, as well as the daily increasing economic cooperation among inland, Hong Kong and Macau, the Company will have more promising development prospects.