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中国银河证券:铁路行业高景气持续,铁路投资有望维持高位
Xin Lang Cai Jing·2025-08-21 00:14

Group 1 - The core viewpoint is that the China Railway Group has announced a tender for the procurement of 210 high-speed intelligent trains for the second batch in 2025, which exceeds expectations [1] - It is anticipated that the average new operational mileage from 2025 to 2027 will exceed 3000 kilometers annually, with 2025 and 2027 being peak years for operation, necessitating the addition of over 300 new trains each year [1] - The railway industry is experiencing high demand for maintenance and upgrades due to the large existing fleet, with advanced repairs for trains entering a growth phase [1] Group 2 - The sustained high demand in the railway sector is expected to maintain elevated levels of investment, supporting robust growth in the performance of railway equipment companies [1] - The ongoing procurement of new trains and advanced repairs, along with locomotive tenders, is likely to bolster the financial stability of companies in the railway equipment sector [1]