Xuan Gu Bao·2025-10-20 23:44Group 1 - The CR450 high-speed train has achieved a record speed of 453 km/h for a single train and 896 km/h for relative crossing speed during trials, indicating significant advancements in high-speed rail technology [1] - The CR450 train is currently undergoing operational assessments on the Shanghai-Chongqing-Chengdu high-speed railway, with plans for a year-long operational test starting in August 2025, potentially leading to commercial use by the end of 2026 [1] - The introduction of CR450 and similar high-speed trains is expected to enhance the operational capacity of China's high-speed rail network, increasing demand for CRRC's trainsets in the long term [1] Group 2 - In the first eight months of 2025, China's railway fixed asset investment reached 504.1 billion yuan, a year-on-year increase of 5.6%, with expectations for continued high growth due to the final year of the 14th Five-Year Plan [2] - If the investment growth rate of 5.6% is maintained throughout the year, the total fixed asset investment for 2025 could approach 900 billion yuan [2] - Shenzhou High-Speed Railway has a complete industrial chain for rail transit operation and maintenance equipment [2] - Tieke Railway has developed a product system centered on high-speed rail fasteners, including prestressed steel wires, anchoring plates, and railway bridge supports [3]