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The Impact of Financial Crisis on Public Transport Industry in Hangzhou
However, the incredible phenomenon happened in the public transport industry. In just a few years, there has been a historic retrogression, which is manifested as follows: first, the whole industry has changed from self-financing and meager profit to serious losses, heavy debts and unsustainable; Second, the bus driver has changed from an enviable occupation to a depressing employee, and the employee turnover is serious. Lack of drivers leads to low departure rate, which affects the normal operation of buses. The long-lost sight of riding difficulties once again appeared in Guangzhou; Third, Guangzhou public transport was once the vanguard of the national peer reform. However, in February 2006, the Ministry of Construction evaluated 1 1 as a priority demonstration city for public transport, and Guangzhou fell out of Sun Shan. Vice Minister Qiu of the Ministry of Construction pointed out: "Guangzhou's public transport planning is unbalanced and its stamina is insufficient"; Fourth, the operating environment is harsh, the government and enterprises are not divided, and the Chief Executive will do things, which makes many foreign and private investors lose confidence in the Guangzhou public transport market. The reasons for the above passive situation are summarized as follows:

First, the bus fuel structure is single and the energy structure is unsafe. 1, Guangzhou is the only one in the national bus industry that uses LPG. Without Guangzhou, you can't refuel, you can only circulate in the city, and your mobility is greatly reduced. 2. The Guangzhou Municipal Communications Commission requires buses to use only liquefied petroleum gas fuel, which is unique in China and even in the world. Liquefied petroleum gas not only accounts for a small proportion of petroleum products, only 2%, but also needs to be stored under pressure at room temperature, which requires quite high technology. If all buses in one city use a single LPG fuel, it will be difficult for other cities to support it because of fuel supply problems, which will cause bus paralysis. 3. The safety of liquefied petroleum gas is worse than that of petroleum, and it is easy to leak under pressure at room temperature, which will have a great impact. Thousands of buses are carrying several high-pressure gas tanks through the city, and it is very dangerous to crash. It is difficult to build a gas station. There are more than 300 gas stations in Guangzhou, but there are only 27, and most of them are located in the suburbs. It is very inconvenient to refuel buses and difficult to manage, which indirectly increases the operating costs of bus companies. 90% LPG filling stations are operated by an individual enterprise, and state-owned Sinopec and PetroChina basically do not participate in the operation, which further causes the unsafe factor of insufficient funds for filling stations. There are more than 8,000 buses in Guangzhou, including more than 6,000 LPG vehicles. Considering the strategic safety, the energy sources of buses should be diversified. Diesel is a good choice, accounting for 40% of petroleum products. The remaining buses in Guangzhou should not only use LPG, but also use various clean fuels such as diesel.

Second, environmental protection buses control tail gas. Guangzhou Municipal Communications Commission only talks about LPG, not emission standards. 1, tail gas treatment shall comply with national emission standards. In terms of tail gas emission, LPG is only low in black smoke, but its emission index of nitrogen oxides, carbon compounds and sulfides is worse than that of diesel, so LPG cannot be simply designated as the only' clean energy' for buses at present. 2. Guangzhou began to formulate national III emission standards in September 2006. It is difficult for LPG engines to meet the national emission standards. In order to meet the national III emission standard, it is necessary to install a catalytic device. However, this device is expensive, short in service life and high in cost. Domestic diesel engines can completely meet the national emission standards. Diesel vehicles with the same emission standards have less investment (about 50,000 yuan/vehicle) and lower maintenance costs than LPG vehicles. Recently, Guangzhou has supplied national III diesel oil. Guangzhou has natural gas supply, although it will take a long time to popularize it. As a high-quality environmental protection energy, it will have unlimited development prospects. Government departments should start from the strategy of energy security to plan, develop and utilize it, so as not to lose opportunities.

Third, the LPG fuel cost is high, the equipment investment is large, and the bus company loses money in an all-round way, which is unsustainable. Three years ago, Guangzhou public transport enterprises were basically in a virtuous circle of economy, operating independently and maintaining low profits, and generally did not need bank loans. Nowadays, the operating conditions have not changed much, and passenger flow, fares and income have all increased slightly. Every bus company is heavily in debt, and the bank loan is 300-800 million yuan. In just a few years, the entire bus industry has borrowed more than 2 billion yuan, even relying on bank loans to make ends meet. This change is not a loss in operation, but a loss caused by policy guidance mistakes. 1. In order to shirk its responsibilities, Guangzhou Municipal Communications Commission requires all bus companies to write their own application forms and voluntarily engage in LPG. The purpose is to break the glass: even serious losses are caused by the company itself. 2. Guangzhou Municipal Communications Commission stipulates that all bus companies should report profits, and whoever reports losses will be dismissed. In 2006, all bus companies reported a profit of 10 to 200,000 yuan, but in fact each company lost tens of millions of yuan. All enterprises rely on bank loans to make a living, reduce staff distribution and default on materials, which is not real profit, but false.

Fourth, bus reorganization is not to optimize the combination, but to cover up major decision-making mistakes. 1. Recently, the Communications Commission proposed to optimize public transport resources and merge and reorganize public transport enterprises. This is not a strong alliance, but an asset merger to cover up the serious losses and debts caused by decision-making mistakes. Cover up the history of the benign operation of the original bus industry, resulting in the illusion that all bus companies start from debt. 2. The restructuring of private enterprises involving foreign capital cannot be designated by government departments, but assets transactions should be conducted in accordance with relevant national laws and regulations. At that time, the government introduced foreign-funded enterprises to invest in solving the problem of riding, and obtained the commitment of the government's long-term operation period (20 years). Because the bus industry is an industry with large investment and long payback period, especially in the early stage, if the government says that it will immediately change, not reorganize and withdraw on a small scale, it is not in line with national laws and regulations. 3. Cover up the illegal financing loan guarantee for private enterprises by state-owned enterprises designated by the Transportation Commission, because all foreign-funded and private bus companies are unwilling to get on LPG buses. 4. The traffic commission will even "benefit the people" and reduce the bus fare, resulting in a loss in bus operation. The government finance will give subsidies to cover up the failure of its LPG decision. The above phenomenon reflects that Guangzhou's public transport industry is facing a major crisis, the essence of which is that Guangzhou's transportation authorities have made major mistakes in their policies in recent years. Such as foreign public transport enterprises (Sui Xin, Zhenbao, New Welfare and Guanzhong) and private public transport enterprises (Baima, Yitong and Xinghua). ) When the state-owned public transport enterprises were merged into losses, their years of hard work and efforts were wasted, and they returned empty-handed. How will the interests of investors be protected? If there is no other clean energy in Guangzhou in 2004, there is no other choice to adopt LPG. After three years of practice, the economy, safety and environmental protection of LPG are very poor. At present, in the case that Guangzhou National III diesel oil has been supplied and natural gas has arrived, changing the energy structure of public transport as soon as possible can avoid greater mistakes and losses.

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