Daqin Railway(SH:601006) Zhong Guo Jing Ying Bao·2025-12-18 15:38Core Insights - The national railway's freight volume reached 4.83 billion tons in the first 11 months of 2025, a year-on-year increase of 2.4% [1] - The total freight volume for the national railway is expected to approach 41 billion tons for the year, exceeding the annual target [1][2] - Passenger traffic reached 4.28 billion trips in the first 11 months, marking a 6.6% increase year-on-year, setting a historical record for the same period [2][3] Freight Transport - In the first 11 months of 2025, the national railway's total freight volume was 3.73 billion tons, with November alone accounting for 3.5 billion tons, remaining stable compared to the previous year [1] - Specific categories showed significant growth: container transport increased by 16.2% to 9.63 billion tons, grain by 15.4% to 0.57 billion tons, and fertilizers and pesticides by 6.7% to 0.46 billion tons [1] - The Daqin Railway maintained stable operations, with a total freight volume of 356 million tons in the first 11 months, and November's volume was 37.22 million tons, up 1.75% year-on-year [2] Cross-Border Transport - The Central Asia and China-Europe freight trains maintained stable operations, with the Central Asia train operating 13,100 times, a 22% increase year-on-year [2] - The China-Europe train operated 18,100 times, reflecting a 1.2% increase year-on-year [2] Passenger Transport - The national railway's passenger volume reached 4.28 billion trips in the first 11 months, achieving 92.5% of the annual target [2] - Daily passenger train operations averaged 11,258 trains, a 7.1% increase year-on-year, indicating effective capacity management [3] - The railway's market-oriented reforms have significantly boosted passenger traffic, reflecting the economic vitality of China [3]