港铁盈利结构分析及借鉴

Analysis and Reference of MTR Profit Structure

2012—2014年港铁连续三年净利润都超过了130亿港元。为借鉴港铁经营经验,结合港铁业务特点,将其盈利结构重构为客运及其相关业务、物业及其相关业务和其他业务三大板块,从利润总额构成、利润来源结构等方面对其2012—2014年的盈利结构进行分析。结果表明,地铁企业要实现自我可持续发展,应坚持"地铁+物业"的发展模式,不仅要经营好客运及其相关业务,还应同步做好物业及其相关业务,充分发挥地铁建设运营与物业发展的联动作用。

The net profit of MTR has reached more than HK $ 13 billion for three consecutive years from 2012 to 2014. To learn from MTR operation experience,we reconstructed its profit structure into three major parts according to MTR ＇s business characteristics. They are passenger transportation and its related business,property management and its related business,and other business. We analyzed its profit structure from the perspective of total profit composition and profit source structure from 2012 to 2014. The results showed that,to realize the sustainable development of metro enterprises,it is necessary to adhere to the development mode of ＂ metro ＋ property＂,and it is important not only to manage the passenger transportation and its related business well,but also to operate property management and its related business well synchronously,so as to give full play to the linkage of the metro construction,operation and property development.