红淖铁路月度运量突破263万吨ST广物前9月运量同比增长约38%

Core Viewpoint - ST Guangwu's subsidiary, Hongnao Railway, achieved a transportation volume of 2.6349 million tons in September, marking a year-on-year increase of 45.61% [1][2]. Group 1: Company Performance - The Hongnao Railway, as the first privately invested local railway in Xinjiang, spans 435 kilometers and plays a crucial role in the "Xinjiang coal transportation" northern channel [2]. - The railway's electrification project commenced trial operations in September 2024, significantly enhancing its transportation capacity and efficiency [2]. - From January to September 2025, ST Guangwu anticipates a cumulative transportation volume growth of approximately 38% year-on-year, driven by the "Xinjiang coal transportation" strategy and the implementation of national energy security measures [2]. Group 2: Industry Outlook - Analysts suggest that with the further improvement of the railway network and the increase in transportation channels for non-coal materials, the coal transportation volume through Hongnao Railway is expected to rise [2]. - ST Guangwu aims to leverage its strategic location in Xinjiang's "East Link West Out" strategy and its position as an energy core area, utilizing the dual-channel transportation system of "Lanxin + Linha" [2].