"十四五"以来，青海交控集团按照"强化省际联系、扩大覆盖范围、完善城际网络、提升通道能力、优 化路网衔接"的思路，持续推进高速公路加密、扩容、提速、增智，建成黄瓜梁至茫崖高速公路，打通 青海新疆两省区之间的快速通道；建成沙木多黄河大桥至久治一级公路，新增连接甘肃省玛曲县方向的 快速通道；建成同仁至赛尔龙高速公路中的麦秀至赛尔龙段，新增连接甘肃省碌曲县方向的快速通道； 建成大河家至清水高速公路中的官亭至郭家互通段，新增连接甘肃省积石山县方向的快速通道；建成我 省首条智慧公路——倒湖茶公路中的倒淌河至二郎剑段，初步实现人、车、路的深度协同，行车安全 性、舒适性大幅提升。 此外，加强绿色公路建设，5年累计投入环保资金达9.8亿元，完成公路绿化里程超253公里，新增公路 沿线绿化面积290万平方米（相当于407个标准足球场）；加强高速公路养护管理，累计投入高速公路养 护经费25亿元，创建养护示范路2300公里，高速公路沥青路面材料循环利用率达98%，优良路率达 94.05%。 本报讯 （记者 倪晓颖） "十四五"以来，青海省交通控股集团有限公司着力构建"内畅外联、通甘达 川、联疆络藏"的高速公路网络，累计完成高速公路 ...

Core Insights - The continuous improvement of China's highway network is a key driver of economic activity and efficiency in transportation [2][1] - By the end of 2024, the total length of highways in China is expected to reach 549,000 kilometers, an increase of approximately 290,000 kilometers compared to the end of the 13th Five-Year Plan [2] - The highway network covers 99% of cities with populations over 200,000, facilitating significant regional connectivity [2] Group 1 - The Jiaxing Fruit Market in East China has seen an expansion in its trading radius due to the improved highway network, which has reduced transportation costs [1] - The average daily self-driving trips are projected to reach approximately 130 million, accounting for over 70% of inter-regional mobility [2] - 90% of county-level administrative centers can access highways within half an hour, enhancing regional accessibility [2] Group 2 - The coverage rate of charging stations in service areas has reached 98.4%, supporting the growing number of electric vehicles [2] - During peak travel times, measures are implemented to manage congestion, ensuring over 70 million vehicle passages in a single day [2] - The highway network is described as a "vital artery" for connecting regions, contributing to the overall vitality of transportation in China [2]

Group 1 - The report highlights the steady growth in highway traffic volume, with a focus on the valuation recovery of H-shares and the systemic revaluation of A-shares, recommending specific stocks such as Zhejiang Huhangyong, Wantong Expressway, and Ninghu Expressway [3][4][32] - The railway passenger transport sector is experiencing structural changes in customer demographics, leading to a stable growth outlook, with a shift in valuation logic from PE to DCF and EV/EBITDA [3][4][56] - The railway freight sector is benefiting from the transformation of logistics and adjustments in railway freight pricing policies, with steady growth in freight volume and turnover, although the growth rate remains low [3][4][75] Group 2 - The logistics industry is being empowered by AI, which enhances traffic efficiency through the integration of traffic data models and optimization algorithms, allowing leading companies to expand their market share [3][4][105] - The report notes that the number of vehicles in China has reached 353 million by 2024, reflecting a year-on-year growth of 10.31%, indicating a robust demand for transportation services [5][11] - The report discusses the ongoing digital transformation in the railway sector, aiming for comprehensive digitization and intelligent upgrades by 2027, which will enhance operational efficiency [107][108]