Core Points - The China A-shares market showed mixed performance with the CN Industrial Comprehensive Index closing at 2306.63 points, reflecting a decline of 7.42% over the past month, 1.74% over the past three months, and 3.58% year-to-date [1] Group 1: Index Overview - The CN Industrial Comprehensive Index is designed to reflect the overall performance of different industry securities from mainland Chinese enterprises, classified according to the China Securities Index industry classification standard [1] - The index is based on a starting point of 1000.0 points as of December 31, 2004 [1] Group 2: Index Holdings - The top ten weighted stocks in the CN Industrial Comprehensive Index include CATL (6.13%), Beijing-Shanghai High-Speed Railway (1.72%), and others such as Huichuan Technology (1.38%) and Sany Heavy Industry (1.14%) [1] - The index's market segment distribution shows that the Shenzhen Stock Exchange accounts for 47.03%, while the Shanghai Stock Exchange accounts for 45.33% [2] Group 3: Industry Composition - The industry composition of the CN Industrial Comprehensive Index indicates that machinery manufacturing constitutes 29.03%, followed by electric power equipment at 28.24% and transportation at 14.11% [2] - Other notable sectors include construction decoration (9.83%), aerospace and defense (8.17%), and environmental protection (3.82%) [2] Group 4: Sample Adjustment - The index samples are adjusted biannually, specifically on the second Friday of June and December, with provisions for temporary adjustments under special circumstances [3] - Adjustments occur when there are changes in the industry classification of sample companies or when companies are delisted [3]

Group 1 - The A-share market showed mixed performance with the Shanghai Composite Index relative to the growth index declining by 0.45%, closing at 2675.86 points and a trading volume of 171.84 billion [1] - The Shanghai Composite Index relative to the growth index has decreased by 5.59% over the past month, increased by 0.79% over the past three months, and has declined by 1.15% year-to-date [1] - The Shanghai Composite Index style index series is based on the Shanghai Composite Index, calculating style scores based on growth and value factors, selecting the top 150 listed companies for the growth and value indices [1] Group 2 - The top ten holdings of the Shanghai Composite Index relative to the growth index include Kweichow Moutai (12.65%), Zijin Mining (3.77%), and others, with the Shanghai Stock Exchange accounting for 100% of the holdings [2] - The industry composition of the holdings in the Shanghai Composite Index relative to the growth index includes Information Technology (19.80%), Industrials (19.31%), Consumer Staples (18.67%), and others [2] Group 3 - The index sample is adjusted every six months, with adjustments occurring on the next trading day after the second Friday of June and December, with a sample adjustment ratio generally not exceeding 20% [3] - In special circumstances, the index may undergo temporary adjustments, and companies that are delisted will be removed from the index sample [3]

Group 1 - The A-share market's three major indices closed mixed, with the Shanghai 180 Index down 0.09% at 8351.8 points and a trading volume of 133.607 billion [1] - The Shanghai 180 Index has decreased by 4.69% over the past month, 0.29% over the past three months, and 3.27% year-to-date [1] - The Shanghai 180 Index consists of 180 securities selected from the Shanghai Stock Exchange, reflecting the overall performance of core listed companies [1] Group 2 - The top ten weighted stocks in the Shanghai 180 Index include Kweichow Moutai (5.57%), China Ping An (2.71%), Zijin Mining (2.65%), and others [1] - The industry composition of the index shows that finance accounts for 21.15%, industrials 19.44%, and information technology 13.81% among others [2] - The index samples are adjusted biannually, with adjustments typically not exceeding 10% of the sample [2]

Asia Pacific Equity Research 11 April 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Beijing-Shanghai High Speed Railway - A Positioned for growth amid global tensions, post the strong 4Q24 beat Beijing-Shanghai High-Speed Railway (BJ-SH HSR) is strate ...

证券代码：601816 证券简称：京沪高铁 公告编号：2025-016 本公司监事会及全体监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监事会 2025 年 4 月 15 日 1 京沪高速铁路股份有限公司 关于选举职工监事的公告 京沪高速铁路股份有限公司（以下简称公司）于近日召 开职工大会，选举张一鸣先生为公司第五届监事会职工监事， 任期与第五届监事会一致，简历附后。郑勇先生因工作调整 不再担任职工监事职务。 郑勇先生在担任公司职工监事期间恪尽职守，勤勉尽责， 公司监事会对其在任职期间为公司作出的贡献表示衷心感 谢！ 特此公告。 附件 张一鸣先生，大学本科学历，工学学士学位，工程师。 历任中国铁路北京局集团有限公司办公室（党委办公室、董 事会办公室）董事长办公室主任科员、副主任、主任，中国 铁路北京局集团有限公司办公室（党委办公室、董事会办公 室）副主任，本公司董事会办公室（党委办公室、综合管理 部）副主任、党支部副书记（主持工作）。 2 ...

Core Viewpoint - The introduction of pet transportation services on China's high-speed rail represents a significant advancement in railway service, addressing the pain points of pet owners regarding travel with their pets [2][4][5]. Group 1: Service Overview - Starting April 8, 2023, select trains on the Beijing-Shanghai high-speed rail will allow passengers to transport one cat or dog per trip [1]. - The service aims to alleviate the challenges of pet boarding and air transport, ensuring pet safety and maintaining cabin environment through specialized transport equipment [2][4]. - The service is currently limited to small dogs and cats, with concerns raised about the potential stress pets may experience in confined spaces [3][10]. Group 2: Pricing and Logistics - The pricing structure for the pet transportation service has been established, with discounts available during the trial period [12][13]. - Specific pricing includes: - For distances up to 1000 km: standard price 558 yuan, discounted price 360 yuan - For distances between 1000-1500 km: standard price 658 yuan, discounted price 460 yuan - For distances between 1500-2000 km: standard price 958 yuan, discounted price 660 yuan - For distances over 2000 km: standard price 1258 yuan, discounted price 860 yuan [13]. - Pet owners must make online reservations in advance and provide necessary documentation, including a pet health certificate [8][10]. Group 3: Market Demand and Trends - The demand for pet travel services is significant, with 28.3% of pet owners expressing difficulties in traveling with their pets [25][28]. - A report indicates that 29% of respondents have attempted or plan to travel with their pets, highlighting a growing market for such services [28]. - The pet owner demographic is concentrated in major cities, with Beijing and Shanghai having the highest number of pet owners, which aligns with the service's initial rollout [16][41]. Group 4: Industry Context - The Beijing-Shanghai high-speed rail is a benchmark in global rail transport, covering a population of 370 million and accounting for 43.3% of the national GDP along its route [44][48]. - The introduction of pet transport services is part of a broader trend towards more humane and customer-friendly transportation options, reflecting changing societal attitudes towards pets [38][58].

转自：贝壳财经 全长1318公里的京沪高铁连接着北京上海两座超级城市。 因为往返两地的职场人较多，去年这条线路还被网友调侃成"班味高铁"。 尽管官方APP上最早一批乘客明天才能上车体验，但在宠物主间，关于这个话题讨论早已炸开锅。 高铁试点宠物托运大家最关心什么？ 高铁推出宠物托运又将如何影响大家带宠物出行的选择？ 昨天，铁路部门宣布将在这条线路试点"隔离运输+专人看护"宠物托运服务，立刻引发全网热议。 图/12306 猫猫狗狗都能上高铁？这条铁路再度成为大家讨论的中心。 01 宠物托运，有需求也有焦虑 宠物问题不是小问题，数据显示中国宠物犬猫数量超1.2亿只，Z世代养宠人群占比超60%。 随着这些年"伴侣型宠物""宠物即家人"理念的推动，无论节日返乡还是周末出游，携宠出行都在成为上亿养宠家庭的刚需。 传统宠物托运方案相对分散，各有利弊： 早期公路宠物托运平台缺少标准化服务标准，曾经出现过"后备厢运送宠物导致宠物死亡"等诸多负面。 在高铁试点宠物托运前，一些传统铁路慢车也可以办理托运，费用不高但因为乘车时间长，货物车厢没有空调，在季节上存在一定局限性。 很长一段时间，自驾是携宠出行为数不多的选项。 | 12 2 ...

经过一年的准备，京沪高铁4月8日起推出了高铁宠物托运服务，初期京沪高铁将在沿线5座车站和10趟 列车上试点这项服务。中国国家铁路集团有限公司（以下简称"国铁集团"）今日发布了这项消息。 高铁宠物托运服务将本着"隔离运输、人宠分开、专人看护"的原则，旅客提前2天及以上在线上预约服 务。 目前可以接受高铁宠物托运服务的车站为京沪高铁北京南、济南西、南京南、上海虹桥和杭州东；车次 为G119/118、G121/122、G127、G134、G183/184、G195/196，其余车站和车次暂不提供这项服务。 《中国经营报》记者查询得知，上述10个车次中，前6个车次为京沪高铁北京至上海间车次，均为停靠 站数较多，耗时较长的车次，其中4趟车次全程耗时在6个小时以上；G183/184和G195/196是利用京沪高 铁运行，北京至温州和北京和宁波间车次。 就此项服务的收费标准，12306网站客服人员在回应记者询问时称：运距1000公里以内360元/只；运距 为1000—1500公里460元/只；运距为1500—2000公里660元/只；2000公里以上860元/只。客服人员强 调，目前推出的高铁宠物托运服务价格已经进行了折扣 ...

Financial Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 12.5 billion and 13 billion CNY[2] - The performance forecast period is from January 1, 2024, to December 31, 2024[2] - The above profit data is preliminary and has not been audited by an accounting firm, emphasizing the need for caution among investors[3]

证券代码：601816 证券简称：京沪高铁 公告编号：2025-014 京沪高速铁路股份有限公司 关于与中国铁路经济规划研究院有限公司 签订战略合作框架协议的公告 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个别 及连带责任。 重要内容提示： 京沪高速铁路股份有限公司（以下简称公司）于 2025 年 4 月 2 日与中国铁路经济规划研究院有限公司（以下简称 经规院） 签订了《战略合作框架协议》（以下简称本协议）， 具体内容如下。 注册地址：北京市海淀区复兴路 10 号东辅楼 成立时间：2015 年 2 月 2 日 经营范围：许可项目：建设工程勘察；建设工程设计； 期刊出版；出版物零售。一般项目：工程管理服务；规划设 计管理；工程和技术研究和试验发展；工程造价咨询业务； 招投标代理服务；软件开发；软件销售；信息技术咨询服务； 市场调查（不含涉外调查）；社会经济咨询服务；技术服务、 技术开发、技术咨询、技术交流、技术转让、技术推广；铁 路运输辅助活动；环保咨询服务；节能管理服务；技术进出 口；广告发布；非居住房地产租赁。 经规院与本公司属同一控 ...