The Profit Model Research On NA High-speed Railway Passenger Transport

With the rapid development of high-speed railway construction in China,the high-speed passenger dedicated line network has been formed gradually,and high-speed railway has become a positive image of our country to lead China into the world.However,due to the high cost of construction and operation of high-speed rail lines,the financial benefits of the high-speed rail lines are not optimistic.The profitability of high-speed passenger transport project directly affects its financial benefits,and the quality of financial benefits plays a vital role in its healthy development.At present,the development of profit model of high-speed rail passenger transport project is still in the preliminary exploration stage.How and to what extent the change of profit model affects the financial performance and value of high-speed rail passenger transport is basically theoretical research.There are few case studies,and the financial data analysis is also rough.NA high-speed railway is of great significance to improve the regional transportation structure,strengthen exchanges and cooperation among cities and foreign countries,guide the rational layout and coordinated development of regional cities,accelerate the process of regional economic integration,expand the geographical advantages and radiation scope of the Yangtze River Delta region,and promote the sustained and rapid development of regional economy along the Yangtze River Delta and even in Jiangsu and Anhui provinces.It has been three years since the opening of NA high-speed railway passenger transport,but its profitability is not good.At the end of 2017,there was a serious shortage of cash flow and a heavy debt burden,which could be alleviated by increasing the capital of each shareholder.Whether and how high-speed railway passenger transport can make profits has been constantly explored,but there are few studies on the profit model of specific cases.Based on the case study method,from the perspective of cash flow,and combined with the comprehensive analysis of various elements of profit model,this paper further explores the profit model conducive to the development of NA high-speed rail passenger transport.This paper is organized from the following five parts.The introduction of the first part introduces the research background and significance of this paper.The second part is the theoretical basis of profit model.It mainly summarizes the origin and definition of the concept of profit model,the elements of profit model,and the related value chain theory and value driving factor theory.The third part starts from the operation income and operation cost which affect the cash flow of NA high-speed railway passenger transportation.The operation income mainly comes from the ticket income;the operation cost mainly comes from the construction period cost,the operation cost,depreciation and financial cost in the operation period.This paper combines cash flow data with factor analysis of profit model,and points out the problems existing in the profit model by comparing the construction of intra-industry road network,regional development and market-oriented ticket price of high-speed rail passenger transport projects.The fourth part,based on the analysis of the deficiencies of NA high-speed railway passenger transport in the development of profit model,I puts proposes specific suggestions for the optimization and transformation of profit model of NA high-speed railway passenger transport based on improving cash flow income and financial efficiency,and provides reference for the development of profit model of high-speed railway industry.The fifth part is the conclusion of the study,shortcomings and prospects.The main contribution of this paper is that it plays an active role in improving the profitability and healthy and stable development of NA high-speed railway passenger transport,and provides reference for the whole high-speed railway industry in the optimization and transformation of profit model.