国铁集团：2025年国家铁路运输总收入首次突破1万亿元

Core Viewpoint - The China National Railway Group (China Railway) has set ambitious goals for the "15th Five-Year Plan" and 2026, focusing on high-quality development and significant improvements in railway infrastructure and operations [1][2]. Group 1: Achievements and Financial Performance - By 2025, the total transportation revenue of national railways reached 1.0204 trillion yuan, a year-on-year increase of 3.1%, marking the first time it surpassed 1 trillion yuan [1]. - The asset-liability ratio of China Railway decreased to 62.5% by the end of 2025, down 1 percentage point from the previous year [1]. - During the "14th Five-Year Plan," the total railway operating mileage increased from 146,300 kilometers to 165,000 kilometers, a growth of 12.8%, while high-speed rail mileage rose from 37,900 kilometers to 50,400 kilometers, an increase of 32.98% [2]. Group 2: Future Goals and Plans - For the "15th Five-Year Plan," China Railway aims to achieve a world-class railway network by 2030, targeting approximately 180,000 kilometers of total railway operating mileage and 60,000 kilometers of high-speed rail [2]. - In 2026, the goals include a passenger volume of 4.402 billion people, a year-on-year growth of 3.5%, and a freight volume of 4.13 billion tons, a year-on-year increase of 1.5% [3]. - China Railway plans to invest in over 2,000 kilometers of new lines in 2026 and focus on green development, aiming for carbon peak and carbon neutrality [3]. Group 3: Strategic Initiatives - The company will emphasize the development of key projects, including those along border, coastal, and river routes, to enhance connectivity and support economic growth [3]. - A "Artificial Intelligence+" research initiative will be established in 2026 to promote digital transformation in the railway sector, including smart applications in passenger and freight services [3].