交通基础设施行业包括公路、铁路、港口、内河航道、机场等，其中的高速公路、机场以及港口取得了尤其令人瞩目的发展。

　　截止2007年底，我国高速公路达5.36万公里，21个省、区、市的高速公路里程超过1000公里；2007年全国各机场共完成旅客吞吐量38758.6万人次，比上年增长16.8％；2007年中国规模以上港口完成货物吞吐量52.8亿吨，同比增长14.8%。

　　《2000-2008年中国钢铁行业投资方向分析报告》研究的是交通基础设施行业的33家上市公司2000－2008H1的所有投资项目，总结该行业的投资趋势，以及各企业的投资特点和投资趋势。

交通基础设施上市公司2000－2008H1的投资分布图(按地区)

 
　　分地区来看，华南地区和华东地区的上市公司在项目投资方面处于领先地位，分别占总额的37.07%和32.49%。

　　分公司来看，深高速、福建高速、宁沪高速、上港集团、天津港处于前五位。

交通基础设施上市公司2000－2008H1的投资统计图（前10名公司）

 

　　下面以深圳机场为例，来介绍单个公司的投资特点。

深圳机场（000089）的投资特点

• 主营业务：机场物流业。未来重点发展方向：以新加坡樟宜机场、香港机场为标杆，全力打造区域性客运枢纽和南中国超级货运门户机场。
  
• 除05-07年期间外，在其余年份中均保持较高的项目投资水平。
  
• 公司投资大部分分布于华南地区，其次是在西南地区。
  
• 非航业务是未来几年公司业绩的主要增长点。08年开始公司广告业务经营模式由自营转向特许经营，高位锁定未来四年机场广告特许经营收益。公司还将建设第二条4F跑道，与德国汉莎货运成立合资公司经营在深圳机场的国际货站业务，为公司发展国际货运提供便利条件。另外，UPS决定将其现位于菲律宾的泛亚航空转运中心转移至深圳机场，按照设立要求，深圳机场将建设相应的基础设施物业租赁给UPS使用。

说明：客户在购买本报告时，我们可以将数据更新至最近的一个季度。

Transport infrastructure industry covers highways, railways, ports, inland waterway and airports, of which expressways, airports and ports have especially achieved the eye-catching development.

By the end of 2007, China’s total length of expressways has reached 53,600 kilometers or km, and meanwhile, China has had a total number of 21 provinces, autonomous regions and municipalities, each of which has a length of expressways of over 1,000 km. In 2007, the national passenger throughput of all airports across China totaled 387.59 million person-trips, up 16.8% year-on-year. In the year, the national cargo throughput of all ports above designated size reached 5.28 billion tons, rising 14.8% year on year.

The report makes a thorough study on all investment projects financed by 33 listed companies in China’s transport infrastructure industry from 2000 to the first half of 2008, and also makes a summary on the investment trend of the industry, as well as the investment characteristics and trend of all the listed companies.

Investment Distribution of China Stock Listed Transport Infrastructure Companies by Region, 2000-H1 2008 (Unit: CNY million)

 
Source: ResearchInChina

The chart shows that South China and East China are in the leading positions in investment by listed companies in transport infrastructure industry, and their investment amounts to 37.07% and 32.49% of the national total respectively.

From the perspective of company, Shenzhen Expressway Co., Fujian Expressway Development Co., Jiangsu Expressway Co., Shanghai International Port Group Co., and Tianjin Port Co., rank the top five places.

Top 10 China Stock Listed Companies in Terms of Investment 2000-1H2008 
 
Source: ResearchInChina

The report takes the Shenzhen Airport for example to introduce the investment features of a single company.

Annual Investment of the Company of Shenzhen Airport, 2000-2008


Source: ResearchInChina

Investment Distribution of Shenzhen Airport by Segments, 2000-2008
 
Source: ResearchInChina

Investment characteristics of Shenzhen Airport:

1. Main business: airport logistics industry; Future development direction: striving to become a regional passenger transport hub and a super cargo gateway in South China by taking Changi Airport in Singapore and Hong Kong Airport as the standard.
   
2. Except the period 2005 to 2007, the company maintained a high level of investment in the other years.
   
3. Most of its investment is concentrated in South China, followed by Southwest China.
   Non-aviation business will be the main source of growth. In 2008, its operation mode of advertising business began shifting to franchise operation from self operation, which has secured considerable earnings from its airport advertising franchise in the forthcoming four years. The company will build its second 4F runway and create a joint venture with Lufthansa Cargo to run international cargo business in the Shenzhen Airport, which will provide convenient conditions for developing its international cargo transport business. What’s more, UPS has decided to move its Pan-Asian aviation transfer center based in Philippines to the Shenzhen Airport, which will build the relevant infrastructure to be leased to UPS, according to the agreement.

Note: We can update the statistics to the latest quarter, when you buy the report.

第一章 交通基础设施行业投资方向分析
1.1 交通基础设施行业概况
1.2 交通基础设施行业的项目投资特点

第二章  港口上市公司投资方向分析
2.1 南京港的投资项目分析
2.1.1 投资方向分析
2.1.2 投资特点分析
2.2 上港集团的投资项目分析
2.2.1 投资方向分析
2.2.2 投资特点分析
2.3 深赤湾Ａ的投资项目分析
2.3.1 投资方向分析
2.3.2 投资特点分析
2.4 重庆港九的投资项目分析
2.4.1 投资方向分析
2.4.2 投资特点分析
2.5 北海港的投资项目分析
2.5.1 投资方向分析
2.5.2 投资特点分析
2.6 厦门港务的投资项目分析
2.6.1 投资方向分析
2.6.2 投资特点分析
2.7 天津港的投资项目分析
2.7.1 投资方向分析
2.7.2 投资特点分析
2.8 日照港的投资项目分析
2.8.1 投资方向分析
2.8.2 投资特点分析
2.9 锦州港的投资项目分析
2.9.1 投资方向分析
2.9.2 投资特点分析
2.10 连云港的投资项目分析
2.10.1 投资方向分析
2.10.2 投资特点分析
2.11 营口港的投资项目分析
2.11.1 投资方向分析
2.11.2 投资特点分析
2.12 芜湖港的投资项目分析
2.12.1 投资方向分析
2.12.2 投资特点分析
2.13 盐田港的投资项目分析
2.13.1 投资方向分析
2.13.2 投资特点分析

第三章  机场上市公司投资方向分析
3.1 厦门空港的投资项目分析
3.1.1 投资方向分析
3.1.2 投资特点分析
3.2 深圳机场的投资项目分析
3.2.1 投资方向分析
3.2.2 投资特点分析
3.3 白云机场的投资项目分析
3.3.1 投资方向分析
3.3.2 投资特点分析
3.4 上海机场的投资项目分析
3.4.1 投资方向分析
3.4.2 投资特点分析

第四章  路桥上市公司投资方向分析
4.1 海南高速的投资项目分析
4.1.1 投资方向分析
4.1.2 投资特点分析
4.2 现代投资的投资项目分析
4.2.1 投资方向分析
4.2.2 投资特点分析
4.3 皖通高速的投资项目分析
4.3.1 投资方向分析
4.3.2 投资特点分析
4.4 ST东北高的投资项目分析
4.4.1 投资方向分析
4.4.2 投资特点分析
4.5 中原高速的投资项目分析
4.5.1 投资方向分析
4.5.2 投资特点分析
4.6 东莞控股的投资项目分析
4.6.1 投资方向分析
4.6.2 投资特点分析
4.7 重庆路桥的投资项目分析
4.7.1 投资方向分析
4.7.2 投资特点分析
4.8 赣粤高速的投资项目分析
4.8.1 投资方向分析
4.8.2 投资特点分析
4.9 华北高速的投资项目分析
4.9.1 投资方向分析
4.9.2 投资特点分析
4.10 宁沪高速的投资项目分析
4.10.1 投资方向分析
4.10.2 投资特点分析
4.11 深高速的投资项目分析
4.11.1 投资方向分析
4.11.2 投资特点分析
4.12 楚天高速的投资项目分析
4.12.1 投资方向分析
4.12.2 投资特点分析
4.13 福建高速的投资项目分析
4.13.1 投资方向分析
4.13.2 投资特点分析
4.14 粤高速Ａ的投资项目分析
4.14.1 投资方向分析
4.14.2 投资特点分析
4.15 山东高速的投资项目分析
4.15.1 投资方向分析
4.15.2 投资特点分析
4.16 五洲交通的投资项目分析
4.16.1 投资方向分析
4.16.2 投资特点分析

1. Investment Direction of Transport Infrastructure Industry
1.1 Overview of the Industry
1.2 Investment Characteristics

2. Investment Direction of Listed Port Companies
2.1 Nanjing Port Co., Ltd
2.1.1 Investment Direction
2.1.2 Investment Characteristics
2.2 Shanghai International Port Group Co., Ltd
2.2.1 Investment Direction
2.2.2 Investment Characteristics 
2.3 Shenzhen Chiwan Wharf Holdings Co., Ltd
2.3.1 Investment Direction
2.3.2 Investment Characteristics
2.4 Chongqing Gangjiu Co., Ltd
2.4.1 Investment Direction
2.4.2 Investment Characteristics
2.5 Beihai Port Co., Ltd
2.5.1 Investment Direction
2.5.2 Investment Characteristics
2.6 Xiamen Port Development Co., Ltd
2.6.1 Investment Direction
2.6.2 Investment Characteristics
2.7 Tianjin Port Co., Ltd
2.7.1 Investment Direction
2.7.2 Investment Characteristics
2.8 Rizhao Port Co., Ltd
2.8.1 Investment Direction
2.8.2 Investment Characteristics
2.9 Jinzhou Port Co., Ltd
2.9.1 Investment Direction
2.9.2 Investment Characteristics
2.10 Lianyungang Port Co., Ltd
2.10.1 Investment Direction
2.10.2 Investment Characteristics
2.11 Yingkou Port Co., Ltd
2.11.1 Investment Direction
2.11.2 Investment Characteristics
2.12 Wuhu Port Storage & Transportation Co., Ltd
2.12.1 Investment Direction
2.12.2 Investment Characteristics
2.13 Shenzhen Yantian Port Holdings Co., Ltd
2.13.1 Investment Direction
2.13.2 Investment Characteristics

3. Investment Direction of Listed Airport Companies
3.1 Xiamen International Airport Co., Ltd
3.1.1 Investment Direction
3.1.2 Investment Characteristics  
3.2 Shenzhen Airport Co., Ltd
3.2.1 Investment Direction
3.2.2 Investment Characteristics
3.3 Guangzhou Baiyun International Airport Co., Ltd
3.3.1 Investment Direction
3.3.2 Investment Characteristics
3.4 Shanghai International Airport Co., Ltd
3.4.1 Investment Direction
3.4.2 Investment Characteristics

4. Investment Direction of Listed Road & Bridge Companies
4.1 Hainan Expressway Co., Ltd
4.1.1 Investment Direction
4.1.2 Investment Characteristics  
4.2 Xiandai Investment Co., Ltd
4.2.1 Investment Direction
4.2.2 Investment Characteristics
4.3 Anhui Expressway Co., Ltd
4.3.1 Investment Direction
4.3.2 Investment Characteristics
4.4 Northeast Expressway Company Ltd
4.4.1 Investment Direction
4.4.2 Investment Characteristics
4,5 Henan Zhongyuan Expressway Co., Ltd
4.5.1 Investment Direction
4.5.2 Investment Characteristics
4.6 Dongguan Development (Holdings) Co., Ltd
4.6.1 Investment Direction
4.6.2 Investment Characteristics
4.7 Chongqing Road & Bridge Co., Ltd
4.7.1 Investment Direction
4.7.2 Investment Characteristics
4.8 Jiangxi Ganyue Expressway Co., Ltd
4.8.1 Investment Direction
4.8.2 Investment Characteristics
4.9 Huabei Expressway Co., Ltd
4.9.1 Investment Direction
4.9.2 Investment Characteristics
4.10 Jiangsu Expressway Co., Ltd
4.10.1 Investment Direction
4.10.2 Investment Characteristics
4.11 Shenzhen Expressway Co., Ltd
4.11.1 Investment Direction
4.11.2 Investment Characteristics
4.12 Hubei Chutian Expressway Co., Ltd
4.12.1 Investment Direction
4.12.2 Investment Characteristics
4.13 Fujian Expressway Development Co., Ltd
4.13.1 Investment Direction
4.13.2 Investment Characteristics
4.14 Guangdong Provincial Expressway Development Co., Ltd
4.14.1 Investment Direction
4.14.2 Investment Characteristics
4.15 Shandong Expressway Company Limited
4.15.1 Investment Direction
4.15.2 Investment Characteristics
4.16 Guangxi Wuzhou Communications Co., Ltd
4.16.1 Investment Direction
4.16.2 Investment Characteristics