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中国中铁(601390):铁路基建龙头 充分受益新疆、西藏等地大型基建开工
Xin Lang Cai Jing·2025-08-22 00:24

Group 1 - The establishment of the Shield Tunneling/Boring Machine (TBM) Big Data Excavation Community marks the entry of tunnel construction into the "AI+" era [1] - China Railway, a leader in railway infrastructure, has participated in over two-thirds of China's total railway mileage and 90% of electrified railways, with infrastructure, real estate development, equipment manufacturing, and design consulting projected to contribute 85.57%, 4.16%, 2.14%, and 1.50% of revenue respectively in 2024 [1] - The company is expected to benefit significantly from the commencement of the Yarlung Tsangpo River hydropower project, with a total investment of approximately 1.2 trillion yuan [1] Group 2 - The company is a global leader in TBM research and manufacturing, holding the second-largest market share in the overseas TBM market, which positions it to leverage its equipment advantages [2] - The newly established Xinjiang-Tibet Railway Company has a registered capital of 95 billion yuan, with an estimated total investment of about 344.5 billion yuan for the 1980 km railway project [2] - The company has seen significant growth in overseas contracts, with new contracts signed in 2024 reaching 220.9 billion yuan, a year-on-year increase of 10.6%, and overseas revenue of 68.644 billion yuan, also up 10.26% [2]