轨交设备Ⅱ：集大原高铁开通运营，国铁集团在京召开会议

Investment Rating - The industry rating is "Outperform the Market" indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [13]. Core Insights - The opening of the Jidongyuan High-Speed Railway, which connects Inner Mongolia and Shanxi Province, marks a significant development in the rail transport network, with a total length of 309 kilometers and a design speed of 250 kilometers per hour [3][4]. - The China National Railway Group aims to achieve a passenger volume of 4.28 billion, a cargo volume of 4.03 billion tons, and a total revenue of 1,016 billion yuan in 2025, reflecting a growth of 4.9%, 1.1%, and 2.6% respectively compared to the previous year [4]. - The "14th Five-Year Plan" outlines a target of 165,000 kilometers of railway operating mileage by 2025, with high-speed rail reaching 50,000 kilometers, and a long-term goal of 200,000 kilometers by 2035, which is expected to create vast market opportunities for the rail transit equipment industry [5]. Summary by Sections Industry Development - The Jidongyuan High-Speed Railway enhances connectivity between key regions, significantly reducing travel times, such as a 40-minute journey from Ulanqab to Datong South Station [3]. - The railway network's expansion is supported by national policies aimed at increasing infrastructure investment and promoting green development [4][5]. Investment Opportunities - Recommended companies include: 1. China CNR: A leading global supplier of rail transit equipment, maintaining a strong market position [5]. 2. China Railway Signal & Communication Corp: A top provider of rail transit control systems [5]. 3. Times Electric: A leading supplier of traction and conversion systems, consistently leading the domestic market [5]. 4. Sifang Control: A core supplier in the field of high-speed rail monitoring [5]. 5. Shenzhou High-Speed Rail: A leading enterprise in intelligent operation and maintenance equipment for rail transit [5]. 6. Huizhong Technology: Provides integrated solutions for rail transit operation and maintenance [5].