百年永修站焕新启用，文旅出行再添新助力：轨交设备II

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 upgrade of Yongxiu Station, a key station in the northern Jiangxi region, enhances travel experience with a design inspired by nature and culture, increasing passenger capacity and adding amenities [3][4]. - The implementation of a new train schedule has increased train frequency to major cities, facilitating regional cultural and tourism development [4]. - The Chinese government's "14th Five-Year Plan" aims to expand the railway operating mileage to 165,000 kilometers by 2025, with a long-term goal of 200,000 kilometers by 2035, creating significant market opportunities for the rail transit equipment industry [5]. Company Summaries - China CNR Corporation: A leading global supplier of rail transit equipment, maintaining a strong position in the industry [5]. - China Railway Signal & Communication Corporation: A global leader in rail transit control technology [5]. - Times Electric: A leading supplier of traction and conversion systems, consistently leading the domestic market [5]. - Sifang Control: A specialized company in railway safety equipment, becoming a core supplier in the high-speed rail monitoring field [5]. - Shenzhou High-speed Railway: A leading enterprise in intelligent operation and maintenance equipment for rail transit, serving a wide range of clients [5]. - Huizhou Technology: Focused on rail transit services, providing operation and maintenance equipment and integrated solutions with rich experience [5].