Core Viewpoint - The announcement from Daqin Railway indicates a decline in cargo transportation volume for the Daqin Line in 2025, reflecting challenges in operational performance [1] Summary by Relevant Sections Cargo Transportation Volume - In October 2025, the Daqin Line completed a cargo transportation volume of 32.51 million tons, representing a year-on-year decrease of 4.7% [1] - The average daily transportation volume was 1.049 million tons [1] - For the period from January to October 2025, the cumulative cargo transportation volume reached 318.38 million tons, showing a slight year-on-year decline of 0.7% [1] Operational Metrics - The Daqin Line operated an average of 69.2 heavy trains per day, with 50.9 of these being 20,000-ton trains [1]

Core Insights - In June 2025, Estonia's railway freight volume was 450,000 tons, representing a 15% year-on-year decline after three consecutive months of growth in March, April, and May [1] - The freight turnover in June was 4,127 million ton-kilometers, showing a year-on-year decrease of 21.1% [1] - For the first half of the year, the cumulative railway freight volume reached 3,739,000 tons, down 2.6% year-on-year, while the freight turnover was 31,402.7 million ton-kilometers, reflecting a 6.8% year-on-year decline [1]

Group 1 - The core viewpoint indicates that from January to May 2025, the national railway freight volume reached 2.121 billion tons, reflecting a cumulative growth of 1.7% [1] - In May 2025, the national railway freight volume was 4.3975 million tons, showing a year-on-year increase of 0.7%, but the growth rate declined by 4.2 percentage points compared to the same period last year [1] - Month-on-month, the freight volume in May 2025 increased by 2.82% [1]