SNIBE(SZ:300832) Shen Zhen Shang Bao·2025-08-25 07:12Core Insights - Shenzhen Metro Group reported a fixed asset investment of 44.282 billion yuan in the first half of 2025, representing a year-on-year increase of 34% [1] - The total assets of the group reached 793.2 billion yuan, an increase of 6.29% from the beginning of the year [1] - Operating revenue for the group was 7.284 billion yuan, indicating positive growth in its core business and overall stable operational performance [1] Investment and Development - The group is focused on high-quality development, expanding market presence, and maintaining growth stability while ensuring safety and operational efficiency [1] - As of June 30, 2025, the group had 598.7 kilometers of rail construction underway, with 208 construction sites for two national railways and four intercity lines [1] - The group is advancing 17 subway lines in the fourth and fifth phases of construction, with five new lines expected to open within the year, enhancing public transportation convenience [1] Passenger Traffic and Business Resilience - Since the beginning of 2025, Shenzhen Metro has recorded over 10 million daily passengers on 38 occasions, maintaining the highest passenger flow intensity among major cities in China for 19 consecutive months, with an average daily ridership of 8.8092 million [2] - The group achieved an operating cash flow of 7.964 billion yuan in the first half of the year, reflecting improved self-sustainability and operational resilience [2] Innovation and Industry Collaboration - Shenzhen Metro Group is actively expanding its business models by integrating "rail + logistics" and "rail + warehousing," and has established the China Qianhai Times Industry Alliance to promote TOD development alongside low-altitude economy and artificial intelligence [2] - The group has welcomed 38 companies into its four rail technology parks and has developed innovative products such as the first AI-based security inspection robot in the country [2]