Main points of investment:
The first share of highway passenger transport in China, the absolute leader of passenger transport in Jiangxi Province.
The company is the first share of highway passenger transport in China, which has basically covered Jiangxi highway transport service network by participating in the integration of road passenger transport resources. it is a backbone enterprise with the longest inter-provincial and inter-regional highway passenger transport lines, the largest number of road operating vehicles and the largest assets in Jiangxi Province.
Actively deal with railway diversion and continuously improve the passenger transport network
In the face of high-speed rail competition, the company pays attention to give full play to its flexible and convenient advantages, make full use of its strengths and circumvent weaknesses, timely adjust its marketing strategy according to the actual situation, implement misplaced development with railway passenger transport, develop urban and rural passenger transport, dedicated line passenger transport, and tourist passenger transport, expand value-added services, and enhance large-scale and intensive management capacity through reorganization and merger.
Promote the construction of passenger station and yard, highlight the commercial value
In the past two years, the company began to try to make a strategic breakthrough in the development of commercial property at the station. The company has a large number of land reserves in the core areas of major cities in Jiangxi and the transportation and passenger transport hub projects that have been completed one after another have huge room to enhance commercial value, and commercial property development will become the biggest focus of the company's performance in the future.
Under the background of the sustained and high growth of tourism income in the province, the company strives to break the single passenger transport pattern, engraft the passenger line with tourism, and build a new growth point. At present, the company's tourism business mainly includes inbound and outbound tourism, domestic tourism, tourism transportation, Fashui hot spring scenic spots and hotel business operation.
Profit forecast: the company's EPS from 2016 to 2018 is expected to be 0.04,0.32,0.47 yuan. Considering the huge commercial value of the company's large land reserves in the core areas of major cities in Jiangxi and the transportation passenger transport hub projects that have been completed one after another, in the future, with the continuous improvement of the integration of passenger transport, leasing and tourism business, the potential value of the company is expected to be gradually released, covering and giving a "recommended" rating for the first time.
Risk hint
High-speed railway has a continuous impact on the company's passenger transport business, and the performance of investment and M & A projects falls short of expectations.
