证券日报网讯 2月3日，晋西车轴在互动平台回答投资者提问时表示，二级市场股价受宏观经济、行业 周期、市场资金偏好等多种因素影响，公司管理层始终将维护股东利益、创造长期价值放在核心位置， 全力做好各项经营管理工作，以更扎实的经营业绩筑牢估值基础，同时加强市场沟通，合规落实市值管 理，促进公司市场价值与内在价值相匹配。 （编辑 楚丽君） ...

Core Viewpoint - The railway transportation equipment sector experienced a decline of 2.13% on February 2, with significant losses from companies like Jiuzhou Yituo, which fell by 11.89% [1][2]. Market Performance - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1]. - The railway equipment sector's individual stock performance showed mixed results, with notable declines in several key companies [1]. Stock Performance Summary - Jiuzhou Yituo (688485) closed at 24.23, down 11.89% with a trading volume of 90,800 shares and a transaction value of 230 million [2]. - Other significant declines included Gongda Gaoke (688367) down 11.19% and Shenzhou Gaotie (000008) down 6.13% [2]. - In contrast, companies like Keanda (002972) and Changqing Technology (001324) saw slight increases of 1.47% and 1.27%, respectively [1]. Capital Flow Analysis - The railway equipment sector saw a net outflow of 209 million yuan from institutional investors, while retail investors contributed a net inflow of approximately 74 million yuan [2][3]. - Notable net inflows from retail investors were observed in stocks like 时代电气 (Times Electric) and 朗进科技 (Langjin Technology) [3]. Individual Stock Capital Flow - Times Electric (688187) had a net inflow of 39.35 million yuan from institutional investors, while experiencing a net outflow from retail investors of 38.50 million yuan [3]. - Other stocks like 朗进科技 (300594) and 工大高科 (688367) also showed varying degrees of net inflows and outflows among different investor categories [3].

Core Viewpoint - The report highlights the growth in China's railway locomotive production, indicating a positive trend in the industry with a projected increase in output and market potential from 2026 to 2032 [1] Group 1: Company Overview - Listed companies in the railway locomotive sector include China CNR Corporation (601766), China Railway Group (601390), China Railway Construction Corporation (601186), Jinxi Axle (600495), Taiyuan Heavy Industry (600169), Times New Material (600458), Shenzhou High-speed Railway (000008), Kanni Electromechanical (603111), Huizhong Technology (002296), and Jinyi Industrial (601002) [1] Group 2: Industry Statistics - According to the National Bureau of Statistics, the production of railway locomotives in China reached 193 units in December 2025, marking a year-on-year increase of 1.6% [1] - The cumulative production of railway locomotives from January to December 2025 was 1,105 units, reflecting a cumulative growth of 16.7% [1] Group 3: Market Research - The report titled "2026-2032 China Railway Locomotive Industry Market Status Analysis and Future Outlook" by Zhiyan Consulting provides insights into the current market conditions and future prospects for the railway locomotive industry in China [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [1]

Core Viewpoint - The report highlights the growth and production statistics of China's high-speed train industry, indicating a positive trend in the production of electric multiple units (EMUs) from 2020 to 2025, with a projected increase in output and cumulative production figures [1] Group 1: Industry Overview - By December 2025, the production of EMUs in China is expected to reach 304 units, representing a year-on-year growth of 4.1% [1] - The cumulative production of EMUs in China is projected to be 1,994 units by the end of 2025, reflecting a cumulative growth of 6.7% [1] Group 2: Companies Involved - Listed companies in the high-speed rail sector include China CRRC (601766), China Railway Signal & Communication (688009), and others such as Thinking Rail Control (603508) and Beijing-Shanghai High-Speed Railway (601816) [1] - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, which specializes in providing in-depth industry research reports and strategic analysis [1]

Group 1 - The core viewpoint of the article highlights the successful collaboration between Jinxi Modern Information Industry Co., Ltd. and Jinxi Chassis Co., Ltd. on the HSE project phase three [1] - The partnership aims to optimize and upgrade the HSE system, focusing on four key modules: education and training, occupational health management, video monitoring, and visual data dashboards [1] - The initiative is designed to establish a modern safety production management system centered on data-driven approaches, proactive prevention, and closed-loop management [1]

Core Viewpoint - The company has established a standardized financial management system and internal control framework, and has been upgrading its financial information system to enhance efficiency and achieve integrated application of finance and operations [1] Group 1 - The company has been working on the efficiency upgrade of its financial information system in recent years [1] - The company has not built a financial shared service center, aligning with its actual circumstances [1]

Market Overview - The rail transit equipment sector experienced a decline of 0.62% on January 16, with Bidu Technology leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Notable gainers in the rail transit equipment sector included: - Gongda Gaoke (688367) with a closing price of 32.95, up 4.90% on a trading volume of 45,000 shares and a turnover of 146 million yuan [1] - Jiaoda Sino (300851) closed at 29.63, up 4.40% with a trading volume of 57,400 shares and a turnover of 174 million yuan [1] - Xianghe Industry (603500) closed at 12.96, up 3.43% with a trading volume of 87,000 shares and a turnover of 111 million yuan [1] Fund Flow Analysis - The rail transit equipment sector saw a net outflow of 79.08 million yuan from institutional investors, while retail investors experienced a net outflow of 75.46 million yuan [2] - Conversely, speculative funds recorded a net inflow of 155 million yuan [2] Individual Stock Fund Flow - China Railway Industry (600528) had a net inflow of 37.40 million yuan from institutional investors, but a net outflow of 34.22 million yuan from retail investors [3] - China Communication Signal (688009) saw a net inflow of 3.34 million yuan from institutional investors, while retail investors had a net outflow of 55.10 million yuan [3] - Xianghe Industry (603500) experienced a net inflow of 16.07 million yuan from institutional investors, with retail investors seeing a net outflow of 4.64 million yuan [3]

Group 1 - The company has a presence in the EU market, with clients including Alstom and Siemens in the rail transportation equipment sector [2] - The revenue generated from the EU region constitutes a small proportion of the company's overall operating income [2] - Sales to EU clients are conducted through domestic entities exporting directly from global factories [2]

Core Viewpoint - The company acknowledges that its stock price fluctuations are influenced by multiple factors, including macroeconomic conditions, industry cycles, market sentiment, and investor composition [1] Group 1: Company Actions and Strategies - The company emphasizes the importance of market value management and has implemented a systematic and regular mechanism to promote value discovery and market recognition [1] - The company is actively working to enhance operational performance, standardize governance, stabilize shareholder returns, increase shareholding by controlling shareholders, and strengthen investor communication to align market performance with company value [1] Group 2: Business Performance - The company's fundamentals remain stable, and all business operations are progressing in an orderly manner, showing gradual improvement [1]

Core Viewpoint - The report highlights the growth in China's high-speed train production, indicating a significant increase in output and market potential for related companies in the industry [1] Group 1: Industry Overview - According to the National Bureau of Statistics, the production of China's high-speed trains reached 206 units in November 2025, representing a year-on-year increase of 24.1% [1] - From January to November 2025, the cumulative production of high-speed trains in China was 1,722 units, showing a cumulative growth of 9.3% [1] Group 2: Companies Involved - Listed companies in the high-speed rail sector include China CRRC (601766), China Railway Signal & Communication (688009), and others such as Thinking Rail Control (603508) and Beijing-Shanghai High-Speed Railway (601816) [1] - The report by Zhiyan Consulting provides strategic analysis and market outlook for the high-speed rail industry from 2026 to 2032, indicating a focus on operational patterns and future prospects [1]