轨交设备Ⅱ：黄金周累计发送旅客突破1亿人次，亦庄站正式开通运营

Investment Rating - The industry investment rating is "Outperform the Market" [2] Core Insights - During the National Day holiday, the total number of passengers sent exceeded 100 million, with a record single-day passenger volume on October 1 [3] - The opening of Yizhuang Station on the Beijing-Tianjin Intercity Railway on October 1 enhances the railway network in the Beijing-Tianjin-Hebei region [3] - The target for railway operating mileage is set to reach 200,000 kilometers by 2035, creating vast market opportunities for the rail transit equipment industry [3] Summary by Sections Passenger Transport - On October 4, the national railway sent 17.547 million passengers, exceeding 17 million for five consecutive days [3] - As of October 5, 1.49 billion tickets were sold for the holiday transport period [3] Infrastructure Development - The State Council's "14th Five-Year" plan aims for railway operating mileage to reach 165,000 kilometers by 2025, with high-speed rail at 50,000 kilometers [3] - To meet the 2035 target, approximately 35,000 kilometers of railway need to be constructed from 2026 to 2035, averaging 3,500 kilometers annually [3] Recommended Companies - China CNR: A global leader in rail transit equipment, maintaining a strong industry position [3] - China Railway Signal & Communication: A leading provider of rail transit control systems [3] - Times Electric: A leading supplier of traction and conversion systems, consistently leading the domestic market [3] - Siveco: A core supplier in the field of high-speed rail comprehensive monitoring [3] - Shenzhou High-speed Rail: A leading enterprise in intelligent operation and maintenance equipment for rail transit [3] - Huizhong Technology: Provides integrated solutions for rail transit operation and maintenance [3]