Qingdao Daily: Qingdao Metro accelerates the layout of capital operation of the new track.

On November 16, the second page of "Qingdao Daily" published a news report on "Qingdao Metro Accelerating the Layout of New Capital Operation Raceway". The article focused on Qingdao Metro's strategic investment in Boning Futian. As mentioned in the article, this investment is a successful attempt to use the core position of the industrial chain to empower industrial investment. Bonin Fortune will also make full use of this opportunity to do a good job in technological upgrading and product innovation, improve market competitiveness in rail transit, smart cities and other aspects, and achieve sustainable development.

Qingdao Daily November 16, 2021
□ Qingdao Daily/Guanhai News Chief Correspondent Zhou Jianliang
Aim for new tracks, activate new kinetic energy. The booming "four new" economy is opening a door of opportunity for "strengthening and expanding the earth railway industry.
On October 18, Qingdao Qingtie Industrial Investment Co., Ltd., a wholly-owned subsidiary of Qingdao Metro Group, applied for the establishment of the first phase of the industrial investment fund, which was officially approved by the regulatory authorities. The first phase of the property investment fund is the first equity investment fund completely controlled and led by the Metro Group. It is of great significance to implement the policy of "Qingdao Venture Capital Ten articles", establish a professional, flexible and efficient investment platform, and promote the high-quality development of subway investment and financing business.
Subway is the main battlefield of the city's new infrastructure, with hundreds of billions of industrial chain and rich and perfect all kinds of scene resources. Since the beginning of this year, Qingdao Metro has launched a new layout on the capital operation track, providing strong support for the high-quality development of the subway to cultivate new kinetic energy.
Give full play to the role of state-owned assets and launch a diversified strategic investment layout.
In the new era of market economy, the upgrading of the industrial side alone cannot achieve high-speed soar, and the matching of the capital financing side is needed to insert wings for industrial development.
The "Qingdao City's" 14th Five-Year Plan "State-owned Capital Structure Adjustment Strategic Layout Development Plan" issued in September this year proposes to focus on the optimization and adjustment of state-owned capital layout, continue to promote the resource capitalization, asset capitalization, and capital securitization of municipal enterprises, and promote the entity industry Collaborative innovation and development with capital operation.
For Qingdao Metro, the layout of the capital operation track is not a whim, but a long-term move based on its own development stage and to better match the urban development strategy.
On the one hand, after more than 10 years of accumulation, the construction of Qingdao subway has been continuously accelerated, and the scale of the line network has been expanded at a high speed, which has the foundation and advantages of transforming the new track. At present, the number of Qingdao subway lines opened to traffic has reached 6, with a total length of 246 kilometers, and the operating mileage ranks 10th in the country; 5 lines are under construction with a total length of 118 kilometers. After the approval of the third phase of the construction plan, the approved mileage of rail transit in our city reached 503 kilometers, ranking ninth in the country.
On the other hand, in recent years, while making efforts to build, operate, develop, operate and other business sectors, Qingdao Metro has also been actively exploring capital operation. In July 2016, Qingdao Metro established Financial Holding Co., Ltd. to carry out investment layout closely around the upstream and downstream enterprises of the subway industry chain, and participated in the Decai Decoration in April 2017. On July 6 this year, Decai Decoration Co., Ltd. made an initial public offering of shares on the Shanghai Stock Exchange and officially listed on the main board, becoming the first construction enterprise in Shandong Province to be listed on A- shares. Qingdao Metro has thus achieved the goal of listing the local rail transit industry chain enterprises.
In the selection of investment projects, Qingdao Metro plays the role of state-owned assets, taking into account the dual value of economic and social benefits. In 2018, the Lihe Taste Project invested by Qingdao Metro was the first signed and completed and put into operation between Qingdao and Longnan City. In 2020, the local company achieved sales revenue of more than 6000 million yuan, provided jobs for more than 50 people, and realized the steady increase of 11 poor households who established files and registered cards to become rich. The local people praised it one after another.
Make good use of 146 industrial chain scenarios and leverage capital with brands.
The subway industry chain is huge and complete, and the scene resources are unique. However, for advanced cities such as Shenzhen and Shanghai, Qingdao Metro still has shortcomings in using good scene resources to enhance its self-"hematopoiesis" ability, and it is urgent to take greater steps.
Plan and move, plan and move quickly. Qingdao Metro this year to establish a new industrial investment company-Qingdao Qingtie Industry Investment Co., Ltd., to explore and innovate new investment models. At the same time, focusing on smart subway, civil design, equipment system and other aspects, Qingdao Metro combed out 146 scenarios that can be used in the subway industry chain. For the core enterprises of the industrial chain, on the basis of fully demonstrating the technical level and market potential of their industries, through the use of scenes to promote technology and capital to help take off, to help high-quality enterprises in the industrial chain to become bigger and stronger, to achieve the co-growth of the subway and the industrial chain.
Qingdao Boning Futian Channel Equipment Co., Ltd. (hereinafter referred to as "Boning Futian"), which is headquartered in the high-tech zone, is an "invisible champion" enterprise with automatic ticket vending machine system (AFC), subway screen door system (PSD), passenger information system (PIS) and supporting software, operation and maintenance as its main products. It is the core supplier of Qingdao subway industry chain, the products cover many subway lines at home and abroad, such as Qingdao, Beijing, Wuhan, Changsha, Urumqi, Xiamen and Tel Aviv, Israel. AFC equipment shipments rank in the forefront of the country, and the lines that have been opened in Qingdao Metro have achieved full coverage. In July this year, Qingdao Metro and Boning Futian formally signed an investment agreement.
Qingdao Metro's rich scene application advantages are important "bonus points" for this cooperation ". "For a company like us, the introduction of general financial investment is of little significance. What we need more is a strategic investment partner with a state-owned background." In the view of Yu Shuang, deputy general manager of Boning Futian, this is a mutually beneficial and win-win cooperation between the United States and the United States, and will become a new engine to promote the steady development of the enterprise. He believes that with the rapid development of digital economy such as big data, face recognition and biometrics, the technical iteration faced by the ticket sales and inspection system is becoming more and more frequent, which puts forward higher requirements for enterprise technology upgrading and product innovation. In the future, Qingdao Metro will not only become an important position to accelerate the transformation and application of enterprise technological achievements, but also help it obtain market empowerment in rail transit, smart city and other application scenarios, alleviate the financing pressure of enterprises, and improve the market competitiveness of enterprises. It is of great significance to achieve more sustainable development.
In the view of Qingdao Metro, this investment is a successful attempt to use the core position of the industrial chain to empower industrial investment, which is conducive to the subsequent formation of a replicable investment model for the subway industrial chain.
It is also attracted by the core position of Qingdao Metro in the industrial chain. In July this year, Qingdao Everbright International Insurance Brokerage Co., Ltd. became the "partner" of Qingdao Metro ". Qingdao Everbright International Insurance Brokerage Co., Ltd. is a national insurance brokerage company approved by the China Banking and Insurance Regulatory Commission and the State Administration for Industry and Commerce. Qingdao Qingtie Industry Investment Co., Ltd. shares the insurance brokerage business license after acquiring the equity of Everbright International. By combining the market-oriented equity investment gambling mechanism with the characteristics of industrial investment in the investment plan, the investment company not only obtains a preferential share price, but also solves the problem of difficult valuation of the application scenario, fully demonstrating its dominant position as the core enterprise of the industrial chain.
Taking the fund as the fulcrum, fully enhance the hematopoietic function of the subway industry
With the establishment of the production and investment company, Qingdao Metro is studying and exploring the establishment of an industrial investment fund, by building a professional and efficient fund investment and financing platform, leveraging capital leverage to attract external equity financing, with the goal of building a tens of billions of rail transit industry fund clusters. Pull the investment scale of the Metro Group to a new level.
"The establishment of the first phase of the industrial investment fund will enhance the capital operation strength of Qingdao Metro." The person in charge of Qingdao Qingtie Industry Investment Co., Ltd. said that the first industrial investment fund, with a registered scale of 0.3 billion yuan, will be laid out closely around the industrial chain direction in line with the strategy of the Metro Group. It will invest in projects with large enabling space in rail transit related fields such as smart subway, mechanical and electrical equipment and special equipment, green construction and new materials, and modern manufacturing service industry, taking advantage of the high proportion of equity in the fund, to maximize the benefits of Qingdao subway scene effect. In the future, a multi-level industrial investment fund cluster will be established by creating an equivalent structure and model for parent-child funds, parallel funds and sub-fund groups.
Taking the first fund as an opportunity, Qingdao Metro is looking at the whole country, striving to find more "blue chip stocks" with good growth and good investment prospects, and "one enterprise, one policy" to explore more industrial investment models. The reporter learned during the interview that Qingdao Metro is in-depth negotiations with a new third-board company in our province that is engaged in the research and development and production of steel spring products, rubber shock-absorbing products, and composite material products. It plans to use rubber products and new materials as the entry point to promote it to set up a "dual headquarters" in Qingdao by means of investment and recruitment, explore and study the innovative application of rubber and new composite materials in the field of rail transit, and further improve the industrial chain, improve the local supporting level of Qingdao subway construction. In the near future, the two sides are expected to formally sign.
To see the future, to have the future. At present, with the implementation of a series of major national state-owned enterprise reform projects such as the regional comprehensive reform experiment of state-owned assets and state-owned enterprises, Qingdao's state-owned economy is facing important development opportunities. Qingdao Metro will firmly grasp the window period of the reform of state-owned enterprises, stimulate the vitality of subway development with new business models and capital operations, and cultivate new profit growth through industrial investment and industrial coordination mechanisms such as merit-based mergers and acquisitions, independent cultivation, key support, and industrial incubation. point. "We will aim at the key directions of priority development in the future, make every effort to create a strategic layout to enhance the hematopoietic function of the subway industry, alleviate the financial pressure of the government to the greatest extent, and systematically, comprehensively and cooperatively promote 'strengthening the subway group and expanding the subway industry', so as to better promote the construction of rail transit infrastructure in our city." Looking to the future, Zhang Jiangang, chairman of Qingdao Metro Group, is full of confidence.

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