4月全国城轨客运量增长3.3% 多地有轨电车客流下滑

Core Insights - The total passenger volume for urban rail transit in 54 cities (excluding Hong Kong, Macau, and Taiwan) in April 2025 was 2.85 billion trips, a decrease of 30 million trips or 1.0% month-on-month, but an increase of 90 million trips or 3.3% year-on-year, with the growth rate improving from 2.9% in March [1] - The average passenger intensity for the total operational mileage in April was 0.865 million trips per kilometer per day, reflecting a 2.1% increase month-on-month but a 3.5% decrease year-on-year [1] - A total of 326 urban rail transit lines were operational in April 2025, with a total operational mileage of 10,975.8 kilometers and 3.61 million train trips, marking a year-on-year increase of 6.80% [1] City-Specific Performance - The cities with the highest year-on-year increase in passenger volume in April were Taiyuan, Suzhou, and Foshan, with increases of 124.75%, 17.24%, and 15.44% respectively, attributed to new rail transit lines or extended mileage [1] - Conversely, the cities with the largest declines in passenger volume were Tianshui, Jiaxing, and Wenshan, with decreases of 27%, 9.97%, and 7.69% respectively, all of which operate tram systems [1] Trends in Urban Rail Transit - Among the four first-tier cities, Shanghai, Guangzhou, and Shenzhen saw positive growth in rail passenger volume, while Beijing experienced a decline of 1.83% year-on-year [2] - The lowest passenger intensity was recorded in Wenshan at 0.01 million trips per kilometer per day, while Shenzhen had the highest at 1.54 million trips per kilometer per day [2] - Several cities' tram projects have faced development challenges due to low passenger volumes and high subsidies, leading to significant operational cutbacks and even dismantling of tram lines in cities like Shanghai and Tianjin [2] Industry Insights - An expert in urban rail transit noted that the rapid rise of tram systems in third and fourth-tier cities post-2010 was driven by low approval thresholds, short construction cycles, and the ability to quickly boost GDP and enhance political performance [3] - The competitive landscape among tram equipment manufacturers led to attractive investment conditions for local governments, which further accelerated the implementation of tram projects, often without adequate planning [3] - Due to the negative impacts of poorly managed tram projects, there are calls for higher approval levels and stricter procedures from relevant authorities to mitigate future issues [3]