2020-2025年1-7月中国动车组产量统计图 数据来源：国家统计局，智研咨询整理 上市企业：中国中车（601766）,中国通号（688009）,思维列控（603508）,京沪高铁（601816）,晋西车 轴（600495）,神州高铁（000008）,康尼机电（603111）,辉煌科技（002296）,天宜上佳（688033）,威 奥股份（605001） 相关报告：智研咨询发布的《2025-2031年中国动车组列车行业市场全景调研及发展前景研判报告》 根据国家统计局数据显示：2025年7月中国动车组产量为16辆，同比下降5.9%；2025年1-7月中国动车组 累计产量为1074辆，累计增长40.4%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

本报记者 丁蓉 一列列高铁如银色巨龙在华夏大地飞驰，为人们出行带来极大便利。9月4日，高铁网络建设再传佳讯。 当日，我国"八纵八横"高铁主通道区域连接线、东北高铁网的重要组成部分——沈阳至长白山高铁开始 按图试运行，为开通运营做最后准备。 中国城市专家智库委员会常务副秘书长林先平在接受《证券日报》记者采访时表示："高铁网络越织越 密，对畅通经济循环、促进沿线旅游资源开发等具有重要意义，同时也给产业链企业带来巨大发展机 遇。" 在运营环节，广深铁路股份有限公司（以下简称"广深铁路"）2025年半年报显示，公司上半年实现营业 收入139.69亿元，同比增长8.08%；归属于上市公司股东的净利润11.09亿元，同比增长21.55%。广深铁 路表示，公司积极组织增开广州东至香港西九龙过港直通车、京广—广深港跨线动车组列车，直通车和 长途跨线动车收入实现较大幅度增长，整体客运收入有所增长。长江证券研报显示，广深铁路的高铁班 列进入收获期，经营利润大幅增长。 此外，2025年上半年，京沪高铁本线列车运送旅客2499.6万人次，较去年同期增长1.2%；跨线列车走行 里程完成4855.6万列公里，较去年同期增长0.1%；京福 ...

中经记者路炳阳 北京报道 京沪高铁公司人士对《中国经营报》记者表示，2025年上半年，京沪高铁电力成本增加明显；高铁网络 扩张，导致维护、人工等固定成本也在上升，同时随着京沪高铁标准示范线智能化提升工程的推进，尤 其是北斗技术在京沪高铁的应用，叠加智能化升级投入，进一步推高了成本支出。 京沪高铁是京沪高速铁路及沿线车站的投资、建设、运营主体，于2020年1月初在A股上市，由国铁集 团实际控制。 2025年上半年，京沪高铁本线列车运送旅客2499.6万人次、较去年同期增长1.2%；跨线列车走行里程完 成4855.6万列公里、较去年同期增长0.1%；京福安徽公司管辖线路列车走行里程完成2040.7万列公里、 较去年同期增长7.5%，净利润807.90万元，首次实现半年度盈利。 为加强京沪高铁票价市场化程度，中国国家铁路集团有限公司（以下简称"国铁集团"）正在按照市场 化、智能化开车机制要求，紧盯运行图兑现情况，及时提出优化票价建议，促使京沪高铁形成合理比价 关系，进一步提升铁路运输企业市场化经营水平。 就2025年经营计划，京沪高铁方面称，要优化运输产品供给，积极加强客流变化分析，不断优化列车开 行方案，完善市场 ...

（文章来源：证券日报） 证券日报网讯 9月5日晚间，京沪高铁发布公告称，公司董事会近日收到公司总工程师侯日根先生提交 的辞任申请，侯日根先生因达到法定退休年龄申请辞去公司总工程师职务。 ...

证券代码：601816 证券简称：京沪高铁 公告编号：2025-044 本公司董事会及全体董事保证公告不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律 责任。 京沪高速铁路股份有限公司（以下简称公司）董事会近 日收到公司总工程师侯日根先生提交的辞任申请，侯日根先 生因达到法定退休年龄申请辞去公司总工程师职务。辞职后， 侯日根先生将不再担任公司及参控股公司的任何职务。 京沪高速铁路股份有限公司董事会 京沪高速铁路股份有限公司 关于总工程师退休离职的公告 2025 年 9 月 6 日 根据《公司法》和《公司章程》有关规定，侯日根先生 的辞任申请自送达公司董事会之日起生效，侯日根先生的辞 任不会对公司正常经营产生影响。截至公告披露日，侯日根 先生不持有公司股份。 侯日根先生担任公司总工程师期间恪尽职守，勤勉尽责， 公司董事会对侯日根先生在任职期间为公司作出的贡献表 示衷心的感谢！ 特此公告。 ...

| | | 6家最新被首次覆盖的公司 | | | | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 机构 | 最新评级 | 行业 | | 601816 | 京沪高铁 | 民生证券 | 推荐 | 铁路公路 | | 000783 | 长江证券 | 山西证券 | 增持 | 证券 | | 002545 | 东方铁塔 | 东北证券 | 买入 | 农化制品 | | 601098 | 中南传媒 | 国投证券 | 买入 | 出版 | | 001222 | 源飞宠物 | 兴业证券 | 增持 | 文娱用品 | | 600893 | 航发动力 | 拉尔曼奥斯园 | 增持 | 航空装备 | | | | 日期:09月04日,南财投研通×南财快讯制图 | | | 南财投研通数据显示，9月4日，券商给予上市公司目标价共45次，按最新收盘价计算，目标价涨幅排名 居前的公司有新锐股份、公牛集团、比亚迪，目标价涨幅分别为61.15%、55.81%、54.81%，分别属于 通用设备、家居用品、乘用车行业。 （免责声明：文中涉及的观点、数据、个股等要素仅供参考，不构成投资建议，操作风险自担，投资有 风险 ...

Core Insights - The lecture by Lu Chunfang highlighted the rapid development and technological innovation of China's high-speed rail (HSR) system, which has reached an operational mileage of 48,000 kilometers, more than double that of other countries, and holds the record for the world's fastest trains [2][3]. Group 1: Development Stages of High-Speed Rail - China's high-speed rail development has progressed through three main stages: initial establishment, introduction and absorption of foreign technology, and finally, independent innovation [2][3]. - The Beijing-Shanghai High-Speed Railway, which spans 1,318 kilometers, is a significant achievement in the second stage, establishing a comprehensive technical and management system for China's HSR [2][3]. Group 2: Technological Innovations - Post-2012, the focus shifted to independent innovation, leading to the construction of notable projects like the Lanzhou-Xinjiang High-Speed Railway and the Hainan Ring Island High-Speed Railway, showcasing advancements in technology [3][4]. - The introduction of smart technologies in high-speed rail, exemplified by the Beijing-Zhangjiakou Smart High-Speed Railway, marks a significant leap in operational efficiency and safety [3][4]. Group 3: Advantages of High-Speed Rail - High-speed rail offers numerous advantages, including safety, energy efficiency, high transport capacity, all-weather operation, speed, and comfort [3][4]. - Key technologies integral to high-speed rail include track design, rolling stock, train control systems, and traction power supply, all of which contribute to its operational safety and economic impact [4]. Group 4: Contribution to National Development - The development of high-speed rail is not merely a commercial endeavor but serves the broader goal of building a "transportation power" and fulfilling public demand for improved travel experiences [6]. - The spirit of innovation and dedication among scientists and engineers has been crucial in overcoming challenges and achieving technological breakthroughs in high-speed rail [6].

Group 1 - The core viewpoint of the articles indicates that insurance capital (险资) is increasingly favoring bank stocks, with significant holdings in various sectors, particularly banking, transportation, and telecommunications [1][3][5]. - As of the end of Q2 2025, insurance capital held a total of 730 stocks, with a combined holding of 61.919 billion shares valued at 628.985 billion yuan, showing an increase in both quantity and market value compared to Q1 [3][5]. - Among the top ten heavy holdings of insurance capital, six are bank stocks, including Minsheng Bank, Pudong Development Bank, and Zhejiang Bank, highlighting a strong preference for the banking sector [3][4]. Group 2 - Insurance capital is expected to continue optimizing its equity investment structure, focusing on high-dividend stocks and new productive forces in the upcoming quarters [2][8]. - In Q2, insurance capital increased its holdings in several key stocks, including CITIC Bank, Beijing-Shanghai High-Speed Railway, and China Telecom, with significant increases in share quantities [6][7]. - The insurance sector is actively seeking investment opportunities in high-dividend and innovative sectors, with a focus on technology innovation, advanced manufacturing, and new consumption [8].

证券之星消息，9月4日铁路公路板块较上一交易日上涨0.39%，三羊马领涨。当日上证指数报收于 3765.88，下跌1.25%。深证成指报收于12118.7，下跌2.83%。铁路公路板块个股涨跌见下表： 从资金流向上来看，当日铁路公路板块主力资金净流出1.39亿元，游资资金净流出7886.2万元，散户资金 净流入2.18亿元。铁路公路板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 001317 | 三丰马 | 2431.91万 | 4.45% | -1004.75万 | -1.84% | -1427.16万 | -2.61% | | 601816 | 京沪高铁 | 1633.72万 | 1.39% | 3460.64万 | 2.94% | -5094.35万 | -4.33% | | 600650 锦江在线 | | 1040.10万 | 7.59% | -668.30万 | -4.88% | ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [5]. Core Views - The company reported a slight increase in revenue for H1 2025, with total revenue of 21.01 billion yuan, up 0.7% year-on-year, and a net profit attributable to shareholders of 6.32 billion yuan, down 0.6% year-on-year [1]. - The passenger transport business showed positive growth in H1 2025, with 25 million passengers transported on the main line, an increase of 1.2% year-on-year [1]. - The company declared its first interim dividend, amounting to 1.88 billion yuan, with a payout ratio of 29.8% [3]. - The report highlights the potential profitability from the newly opened Xiongshang section of the Beijing-Hong Kong high-speed railway, which is expected to enhance passenger flow [2][3]. Financial Performance Summary - For H1 2025, the company’s revenue was 21.01 billion yuan, with a net profit of 6.32 billion yuan, reflecting a slight decline in profitability [1]. - The company’s interest expenses decreased by 24% year-on-year to 804 million yuan, contributing to improved cash flow and debt repayment capacity [2]. - The forecast for net profit attributable to shareholders for 2025-2027 is projected at 13.25 billion yuan, 13.66 billion yuan, and 15.04 billion yuan, respectively, with corresponding PE ratios of 19, 19, and 17 [4][3].