GHWL(SH:600603) Zheng Quan Shi Bao Wang·2025-10-26 13:25Core Viewpoint - ST Guangwu (600603) reported a significant increase in coal transportation volume, indicating strong growth potential in the context of China's energy security strategy and the development of Xinjiang's coal resources [1][2]. Group 1: Company Performance - ST Guangwu's coal transportation volume for January to September 2025 reached 21.08 million tons, a year-on-year increase of 38.95%, accounting for approximately 30% of Xinjiang's total coal transportation [1]. - The company aims to achieve a coal transportation target of 30 million tons for the entire year of 2025, which may be exceeded due to the expansion of transportation capacity and infrastructure [3]. Group 2: Industry Context - Xinjiang's coal resource reserves account for about 40% of the national total, making it a crucial area for energy supply in China, especially under the dual carbon goals and energy security strategies [1]. - The coal production in Xinjiang for January to September 2025 was 40.057 million tons, reflecting a year-on-year growth of 4.1%, significantly outpacing the national growth rate of 2% [1]. - The railway system in Xinjiang is being modernized to enhance transportation efficiency, with coal transportation volume expected to exceed 139 million tons in 2024, marking a historical high [2].