Chapter 1014 Everything is good, but it just doesn’t make money
Because Su Yehao got involved and provided a large amount of funds, the Beijing-Shanghai high-speed railway started construction ahead of schedule as early as February this year.
There are often only so many orders for large-scale international infrastructure projects, and other countries do not have the need to build high-speed rail on a large scale. Competition among companies with this technology is fierce, and they all think that even if they make less money, it is better than leaving empty-handed.
So it's easier to talk.
Regarding technology transfer, we have already reached an agreement.
The domestic mid- to low-end manufacturing and processing industry is very large, and the same is true for foreign companies.
Probably only high-end companies like ASML, which own core technology patents, can make money by monopolizing the market.
Others don't know how terrifying the future high-speed rail network will be in mainland China, but Su Yehao understands it very well.
After the ribbon-cutting of the second phase of Pengcheng Metro Line 1.
The next day, Su Yehao met old local acquaintances again, and someone invited him to a restaurant in the city to taste Hunan cuisine.
At this moment.
A middle-aged man in his fifties wearing a white shirt and gray hair asked tentatively while helping Su Yehao pour wine:
"In addition to blood duck, Andong chicken, fish head with chopped pepper and other signature dishes, this restaurant also has a spicy ginger snake dish, where the snake meat is stir-fried with dried peppers. I wonder if Mr. Su is interested?"
There are many people who eat snake meat, and even more people who don't eat snake meat. It's better to ask before serving the food.
Su Yehao said with a smile:
"I'm afraid of live snakes, but it doesn't matter if it's made into a dish. Just order it and try it. There is an old restaurant in Hong Kong City called Snake King Fen. You can try it next time you have a chance. My parents occasionally go there to eat. It's very old.
A small restaurant.”
Knowing that Mr. Su likes to eat snake meat, many people silently remember this.
There was also a fat middle-aged man who dyed his white hair black. He got straight to the point and said:
"To be honest, I invited Mr. Su to dinner today mainly because after inspecting the Guangpeng high-speed rail project last week, everyone is greedy. I hope to extend the line and invest in building a high-speed rail that runs through the province and connects several major cities with Hong Kong.
The city and the casino are connected together, and the problem in other aspects is not big. The key is that there is a gap in funds. The annual infrastructure budget is too much but not enough, so I want to ask you for help."
"Yes, many places do not have airports and are too far away by car. It would be much more convenient if there was a high-speed rail."
"It seems that Mr. Su is the only one who has the strength to invest in the construction of high-speed rail..."
Around the dinner table, people were talking a lot.
When Su Yehao heard these words, he smiled bitterly and told:
"I have invested in a lot of big projects in the past two years, and I don't have much money now. If I had known you wanted to talk about this kind of plan, how dare I throw myself into the trap today."
"Hey, if so, President Sun of China Construction Bank is here today. As long as Mr. Su nods, funds will definitely not be a problem."
"The key is that the investment is too large, the fare is low, and the subway still has profits from land development. To make up for the gap, unless we acquire a large amount of land around the high-speed rail station, this transaction will definitely be a loss."
Su Yehao raised his glass, took a sip of white wine, and ate cold dishes and said:
"Europe and the United States are full of airports, and they also have the manufacturing technology for large passenger aircraft. In addition, there are private lands everywhere and there are fixed houses everywhere. It is really troublesome to build high-speed rail. Our situation is different. The mainland has not yet mastered the manufacturing technology of large passenger aircraft.
, the demand for passenger aircraft is huge. In 2006 alone, the purchase of more than 300 passenger aircraft cost more than 10 billion US dollars."
"Instead of using the hard-earned foreign exchange to buy passenger planes that are constantly depreciating, have high maintenance costs, and consume a lot of fuel, it is better to invest money in the infrastructure of high-speed rail. On the one hand, it relieves traffic pressure, and on the other hand, it stimulates the economy and is convenient.
improve people’s lives, drive employment and urban development.”
"From an overall perspective, this deal is extremely cost-effective. But in the final analysis, it is still a public welfare project similar to the subway. Everything is good, but it just doesn't make money..."
Just do the math.
You will find that instead of spending a lot of money to purchase passenger aircraft, it is undoubtedly better to use the century-old high-speed rail once and for all, which is more in line with the needs of the mainland.
I still remember that on the day that the Beijing-Shanghai high-speed rail was launched in February this year, after the news spread to Europe and the United States, the stock prices of Boeing and Airbus plummeted by more than three points. The root cause was that the construction of high-speed rail in the mainland may reduce the number of orders for large passenger aircraft.
In terms of short and medium-distance travel, high-speed trains have great advantages, mainly in safety.
It cannot be said that the aircraft is not good. The key is that the mainland cannot produce large passenger aircraft, which makes the price/performance ratio extremely low. Airlines work hard to make some money, but after calculating the accounts, they find that they are working for banks, Boeing, Airbus and other companies, and providing foreign services.
Provides many high-paying employment opportunities.
The high-speed rail is good for the domestic economy and employment. Even if the investment is larger in the short term, it is still worth it. You can make the meat rotten in your own pot.
Just as Su Yehao said.
Building high-speed rail is a good project that benefits the country and the people. It is good in other aspects, but it just doesn't make money.
No one here is a fool.
A middle-aged woman keenly grasped the key to Su Yehao's words and asked:
"So what if, like the subway, the land around the high-speed rail station is used as a stake? I have seen the site planning of the Beijing-Shanghai high-speed rail. They are usually at the core of new urban areas. The surrounding land should still have great potential."
Su Yehao nodded readily and only replied: "It does have great potential, but the same goes for selling land to raise money. There is no need to bring me along."
Someone next to me replied:
"The meaning is different. Projects with Mr. Su's participation are easier to pass approval. If we initiate the project ourselves, it will be another matter. If the two parties jointly establish a real estate company, maybe we can create a pilot project and use the real estate company's
Profits will cover expenses, and by then we may be able to speed up the construction of high-speed rail across the country."
Su Yehao smiled and said:
"Not every place is as wealthy as here. The land appreciation space in many places is too small to fill the funding gap for the construction and operation of high-speed rail. If you ask me now, I am not prepared at all. I need to study and discuss before I can give an answer.
, but it is estimated to be a bit uncertain. If the amount of funds is too high, it will affect my plans for clean energy, semiconductor, and Internet companies."
There were no outsiders present.
Su Yehao took two sips of wine and added:
"To put it more arrogantly, in a few years, my half-year tax payment will be enough to build the high-speed rail from Guangzhou to Pengcheng. I feel that when the next financial crisis comes, the high-speed rail infrastructure will be fully launched, including docks,
Highways and urban infrastructure are basically completed, and funds will most likely be invested in high-speed rail projects, so there is no need to rush."
He didn't say it to death.
In 2007, land hoarding is still very promising.
If a large amount of land is acquired around various high-speed rail stations, it is estimated that the income from selling houses and collecting rents can easily cover the expenses of investing in high-speed rail, and there will be much more.
The reason why Su Yehao hesitated was mainly because he didn't know the details and he didn't dare to agree too readily.
Lest other places follow this example and find their fault one after another...