京沪高铁将继续压缩动车组列车追踪间隔时间，进一步增加高峰时段运输能力。"从2026年1月26日起， 京沪高铁全线增开G字头动车组列车18列。"1月13日中国国家铁路集团有限公司（以下简称"国铁集 团"）发布上述消息。 国铁集团方面称，1月26日零时起，全国铁路将实行新的列车运行图。调图后，全国铁路安排图定旅客 列车12130列，较现图增加243列。其中，京沪、广深港等高铁干线在确保安全的前提下，将提高行车组 织和车站作业效率，实现点线能力匹配，进一步压缩部分高铁列车运行时间，实现提质增能。 京沪高铁将安排开行时速350公里的标杆列车87列，较现图增加21列。其中，北京南、上海虹桥在高峰 时段6:30和19:30左右各增开2列；利用京沪高铁，上海虹桥至长春西、兰州西将分别最快9小时03分、9 小时37分可达，较现图分别压缩2小时1分、57分；大同南、太原南、石家庄至上海虹桥分别最快8小时 51分、6小时59分、4小时56分可达，较现图分别压缩2小时33分、1小时48分、1小时18分，进一步压缩 各地与长三角地区的时空距离。 广深港高铁方面，从1月26日起，运营时段安排开行动车组列车387列，较现图增加34列，将 ...

自1月26日起，全国铁路将实行一季度新的列车运行图。此次调图后，图定旅客列车较现图增加243列，货物列车增加177列。此次全国铁路一季度运行图 的调整，通过增开列车、优化路径、压缩时间、打通新线，切实提升了铁路运输服务品质和效率。对于江苏居民来说，无论是北上进京、东行赴沪，还是 南下粤港，都将享受到更加快捷、便利的出行体验，江苏与全国各地的时空联系也因此变得更加紧密。 京沪高铁G25次中途唯停南京南 全程缩至4小时18分 | 复兴号 ≥智能动车 | | | | V | | 北京 <> 南京 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 17:00 | G25 兑 静 | 21:18 | ¥662起 | 周五 周六 | 周日 | 周一 | 周二 | 周三 E | | 给北京南 | 4小时18分▼ | 终上海虹桥 | | 01.23 01.24 01.25 | | | 01.26 01.27 01.28 | 日历 | | 二等 有票 | 一等 有票 | 优选一等 5张 | 商务 3张 | | | | | | | | | | | 國 ...

Core Viewpoint - The new train operation schedule implemented by China National Railway Group will enhance passenger and freight transport capacity, with a total of 12,130 scheduled passenger trains and 23,748 freight trains, marking an increase of 243 and 177 trains respectively [1] Group 1: Train Operation Enhancements - The new schedule will introduce daily high-speed sleeper trains between Shanghai and Hong Kong, increasing the frequency from four days a week to daily service from Tuesday to Thursday [1] - The Beijing-Shanghai high-speed railway will see an increase of 18 G-series trains and 87 benchmark trains operating at 350 km/h, improving peak hour transport capacity [1] Group 2: Travel Time Reductions - The new schedule will significantly reduce travel times from Shanghai to various cities, with travel to Changchun West and Lanzhou West taking 9 hours and 3 minutes and 9 hours and 37 minutes respectively, a reduction of 2 hours and 1 minute and 57 minutes [2] - Travel times from Datan South, Taiyuan South, and Shijiazhuang to Shanghai will also be shortened, with reductions of up to 2 hours and 33 minutes [2] Group 3: Ticketing and Information - Tickets for the new schedule are already on sale, and passengers and freight owners can access train operation information and services through various online platforms [2]

1月13日消息，从中国国家铁路集团有限公司（以下简称"国铁集团"）获悉，1月26日零时起，全国铁路 将实行新的列车运行图。调图后，全国铁路安排图定旅客列车12130列，较现图增加243列，开行货物列 车23748列，较现图增加177列，全国铁路客货运输能力和效率进一步提升，运输产品供给持续优化。 国铁集团运输部相关负责人介绍，此次调图优化主要运输技术标准，提升运输组织水平，京沪、广深港 等高铁干线实现提质增能。在确保安全的前提下，压缩京沪、广深港高铁部分动车组列车追踪间隔时 间，提高行车组织和车站作业效率，优化调整北京南、徐州东、深圳北等主要枢纽车站分工，实现点线 能力匹配，进一步压缩部分高铁列车运行时间，提升繁忙高铁通道运输能力。 据介绍，京沪高铁提质增能后，全线增开G字头动车组列车18列，安排开行时速350公里的标杆列车87 列，较现图增加21列，其中北京南、上海虹桥在6：30和19：30左右各增开2列，进一步增加高峰时段运 输能力；上海虹桥至长春西、兰州西分别最快9小时03分、9小时37分可达，较现图分别压缩2小时1分、 57分；大同南、太原南、石家庄至上海虹桥分别最快8小时51分、6小时59分、4小时 ...

Investment Rating - The report maintains an "Overweight" rating for the transportation industry, indicating a positive outlook for the sector's performance relative to the overall market [12]. Core Insights - The shipping market is expected to see significant growth in Q4 2025, driven by strong VLCC freight rates and structural changes in trade dynamics, including new refinery capacities and geopolitical shifts [4]. - The aviation sector is projected to enter a golden era, with passenger transport expected to reach 770 million in 2025, marking a 5.5% increase from 2024 and a 16.7% increase from 2019 [4]. - The report highlights a shift in the shipping industry from supply-driven to demand-driven dynamics, particularly in shipbuilding, as older vessels are replaced [4]. - The logistics and freight forwarding sectors are facing challenges due to trade tensions, impacting profit margins and demand [4]. Summary by Sections Shipping - Q4 2025 VLCC freight rates are expected to average around $95,500 per day, with a projected demand increase of 1.7% from new refinery capacities and a 2.1% increase from compliance changes in Venezuelan oil [4]. - The dry bulk market is also showing strong performance, with Cape-sized vessel rates expected to rise by 20% to $27,600 per day [4]. - The report estimates that COSCO Shipping Energy's Q4 earnings will be approximately 1.9 billion RMB, while China Merchants Energy's will be around 2.9 billion RMB [4]. Shipbuilding - The shipbuilding sector is experiencing a tight supply-demand balance, with second-hand ship prices rising for 11 consecutive months, indicating a positive outlook for the industry [4]. Freight Forwarding - The freight forwarding sector is facing profit margin compression due to trade frictions, with the CCFI index expected to decline by 26% in Q4 2025 [4]. Aviation - The Chinese aviation market is expected to achieve a profit of 6.5 billion RMB in 2025, with major airlines like China Eastern Airlines anticipated to see significant performance improvements [4]. - The report emphasizes the importance of international routes as passenger volumes are expected to grow, driven by a recovery in outbound travel [4]. Express Delivery - The express delivery sector is projected to see a 5% year-on-year growth in Q4, driven by price increases and seasonal demand, despite challenges from trade policies [4]. Road and Rail - The report notes a slowdown in highway traffic growth, while rail passenger and freight volumes continue to increase, with recommendations for specific companies in the sector [4].

Core Viewpoint - The announcement details the renewal of the "Comprehensive Service Framework Agreement" between the company and China National Railway Group, which aims to clarify the rights and obligations of both parties regarding daily related transactions without introducing new ones [2][11]. Group 1: Agreement Details - The agreement is set for a three-year term from January 1, 2026, to December 31, 2028 [4][3]. - The company will provide various services to the National Railway Group, including line usage, contact network usage, passenger services, ticket sales, and other necessary services for normal railway operations [5][6]. - The National Railway Group will offer services such as entrusted transportation management, high-speed rail capacity assurance, and financial services to the company [7]. Group 2: Pricing Principles - The pricing for services under the agreement will follow a specific order: government pricing, government guidance pricing, industry pricing rules, comparable market prices, and finally, actual costs plus reasonable profit if no other pricing methods apply [8][9]. Group 3: Transaction Volume and Impact - The company must estimate the annual related transaction amounts before disclosing the previous year's report, and any excess amounts will require board or shareholder approval [10][11]. - The agreement aims to standardize daily related transactions management and ensure fair pricing that protects the interests of all shareholders, particularly minority shareholders [2][11]. Group 4: Financial Services Agreement - The company has signed a supplementary financial services agreement with China Railway Finance Co., increasing the daily maximum deposit balance from RMB 3 billion to RMB 10 billion [21][22]. - This agreement is expected to enhance the company's fund management efficiency and will not affect its daily operations or the interests of non-related shareholders [23][37]. Group 5: Entrusted Loan to Subsidiary - The company will provide an entrusted loan of up to RMB 3 billion to its subsidiary, Anhui Railway Passenger Dedicated Line Co., to alleviate financial pressure and optimize its debt structure [25][37]. - The loan will be issued through China Railway Finance Co. and is intended to support the subsidiary's liquidity needs [30][31].

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。 证券代码：601816 证券简称：京沪高铁 公告编号：2026-002 京沪高速铁路股份有限公司关于 与中国国家铁路集团有限公司续签 《综合服务框架协议》暨关联交易的公告 重要内容提示： 铁路运输具有全程全网、集中统一调度指挥的行业特 性。日常运输工作中，京沪高速铁路股份有限公司（以下简 称公司）与中国国家铁路集团有限公司（以下简称国铁集团） 及其下属企业之间相互提供经营活动所必需的委托运输服 务、铁路相关服务及其他服务。 公司与国铁集团签订《综合服务框架协议》是双方在 原有日常关联交易的基础上，通过书面协议方式对双方的权 利义务予以进一步明确，不涉及新增日常关联交易。本次签 订《综合服务框架协议》后，该等日常关联交易均按照《综 合服务框架协议》约定的原则执行，有利于公司与国铁集团 日常关联交易的规范管理，且《综合服务框架协议》约定的 定价原则公允合理，不会损害公司及股东，特别是中小股东 的合法权益，不会影响公司的独立性。 1 续签《框架协议》属于关联交易事项。该事项已经公 司独立董 ...

证券代码：601816 证券简称：京沪高铁 公告编号：2026-003 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。 重要内容提示： 本次交易简要内容: 2024 年 4 月 8 日市场利率定价 自律机制发布，银行存款利率下行。考虑目前中国铁路财务 有限责任公司（以下简称财务公司）报价优于外部银行的存 款利率，结合后续生产经营需要与资金管理规划，京沪高速 铁路股份有限公司（以下简称公司）与财务公司签订《金融 服务协议之补充协议》，增加相关金融业务额度，将日最高 存款余额上限由人民币 30 亿元增加至人民币 100 亿元，调 增 70 亿元，有效期与金融服务协议有效期一致。 交易限额 | 每日最高存款余额 | 1,000,000 | 万元 | | --- | --- | --- | | 每日最高贷款余额 | 300,000 | 万元 | | 协议有效期 | 有效期与金融服务协议有效期一致 | | | 存款利率范围 | 参考中国人民银行公布的人民币存款基准利率 厘定，原则上不低于同期中国国内四大商业银 | | | | 行（工、农、中 ...

证券代码：601816 证券简称：京沪高铁 公告编号：2026-004 重要内容提示： 京沪高速铁路股份有限公司（以下简称公司）通过中 国铁路财务有限责任公司（以下简称财务公司）为控股子公 司京福铁路客运专线安徽有限公司（以下简称京福安徽公 司）提供委托贷款。授信期限为 3 年，以第一笔提款时间为 始，单笔贷款期限为 1 年，授信期限内可循环使用，贷款余 额上限为 30 亿元。 本交易构成关联交易。该事项已经公司独立董事专门 会议、审计委员会会议、董事会会议审议通过。 一、委托贷款对象的基本情况 企业名称：京福铁路客运专线安徽有限责任公司 统一社会信用代码：913400006881467871 成立时间：2009 年 5 月 18 日 注册资本：786.62 亿元 法定代表人：杨怀志 1 企业性质：有限责任公司（国有控股） 京沪高速铁路股份有限公司 关于向控股子公司提供委托贷款的公告 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法律 责任。 办公地点：安徽省合肥市蜀山区潜山路 525 号方大郢综 合楼 经营范围：合肥至蚌埠铁路客运专线、合肥 ...

证券代码：601816 证券简称：京沪高铁 公告编号：2026-001 京沪高速铁路股份有限公司 项，同意提交董事会会议审议。 表决情况：有权表决票数 8 票，同意 8 票，反对 0 票， 弃权 0 票。关联董事刘洪润、李敬伟、谭光明回避表决。 本议案尚需提交公司股东会审议批准。 二、审议通过了《关于公司与中国铁路财务有限责任公 司签订〈金融服务协议之补充协议〉的议案》 第五届董事会第十二次会议决议公告 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法律 责任。 京沪高速铁路股份有限公司（以下简称公司）第五届董 事会第十二次会议于 2025 年 12 月 31 日以书面方式发出通 知，于 2026 年 1 月 12 日以通讯形式召开。本次会议应参加 表决董事 8 名，实际参加表决董事 8 名。会议召开符合《公 司法》等法律法规和《公司章程》的规定，合法有效。会议 形成决议如下： 一、审议通过了《关于公司与国铁集团续签〈综合服务 框架协议〉的议案》 为落实上市监管要求，规范关联交易管理，公司与国铁 集团签订《综合服务框架协议》，履行期为 202 ...