Core Insights - In July, China's urban rail transit achieved a passenger volume of 2.92 billion trips, marking a year-on-year increase of 1.7% [1] Summary by Categories Passenger Volume - The passenger volume in July increased by 230 million trips compared to the previous month, representing a growth of 8.6% [1] - Year-on-year, the passenger volume rose by 50 million trips, equivalent to a growth of 1.7% [1] Operational Data - A total of 54 cities across 31 provinces (autonomous regions, municipalities) and Xinjiang Production and Construction Corps operated 330 urban rail transit lines with a total operational mileage of 11,146.8 kilometers [1] - The actual number of train operations reached 3.74 million trips [1] Specific Transit Types - Among the cities, 43 operated metro and light rail lines totaling 271 lines and 9,658.1 kilometers, with a passenger volume of 2.82 billion trips [1] - 16 cities operated monorail, maglev, and regional rapid transit lines totaling 25 lines and 970.7 kilometers, achieving a passenger volume of 83.14 million trips [1] - 18 cities operated trams and automated guided rail lines totaling 34 lines and 518 kilometers, with a passenger volume of 10.98 million trips [1] Passenger Intensity - The average passenger intensity for the total operational mileage in July was 0.845 million trips per kilometer per day, which is a month-on-month increase of 3.4% but a year-on-year decrease of 5.7% [1]

Group 1 - The core viewpoint of the articles highlights the significant increase in urban rail transit passenger volumes across various cities in China during July 2025, driven by the summer travel season and the opening of new lines [1][2][3] - In July 2025, the total passenger volume for urban rail transit in 54 cities reached 2.92 billion trips, marking a month-on-month increase of 230 million trips (8.6%) and a year-on-year increase of 50 million trips (1.7%) [1] - The average passenger intensity for the national rail transit network was 0.845 million trips per kilometer per day, reflecting a month-on-month increase of 3.4% but a year-on-year decrease of 5.7% [1] Group 2 - Cities with the highest growth in urban rail passenger volumes in July included Tianshui, Taiyuan, and Nantong, with increases of 775.28%, 131.34%, and 22.74% respectively, largely due to the opening of new rail lines [1] - Shenzhen's metro system reported an average daily passenger volume of 9.646 million in July, surpassing the previous record of 9.3 million set in the same month last year [1] - Beijing's rail transit network achieved a single-day passenger volume of 12.5034 million on July 11, setting a new high for the year, while Qingdao's metro recorded 2.1078 million on July 18, marking a historical record for non-holiday periods [2]

Group 1 - The core point of the news is that the comprehensive dynamic debugging of Jinan Metro Line 4 has officially started, marking a significant milestone in the construction process, with basic functions already achieved to support full automatic operation after debugging [2] - Dynamic debugging is described as the final checkpoint before trial operation, involving deep collaborative testing of over ten systems, ensuring precise coordination among all components [3] - To mitigate the impact of adverse weather conditions on debugging progress, the Jinan Rail Transit Group has organized a special task force to provide comprehensive support, ensuring timely response and resolution of issues [5] Group 2 - As of now, all 33 stations of Line 4 have completed the main structural topping out and have entered the post-station construction phase, with installation of electromechanical equipment and station decoration underway [6] - The construction is being accelerated while ensuring safety and quality, aiming for the line to be operational by the end of the year [6]

齐鲁晚报·齐鲁壹点 季明智 在完成分阶段、分区间动车调试工作后，近日，济南轨道交通4号线建设迎来重要节点——全线动车调试全面启动。当前，基础功能基本实现，将为4号线 在调试完成后实现全自动运行（FAO）的全部功能提供坚实保障，也将为后续为期3个月的空载试运行创造有利条件。 动车调试是地铁试运行前的"最后一道关卡"，涉及车辆、信号、通信、综合监控、站台门等十多个系统的深度协同测试，如同一场精密排练，确保所有环 节都能精准配合。4号线应用了停车精度自学习、运行等级自动调整等智能新技术，让列车能够自主优化运行，这不仅提升了线路的先进性，也给调试工 作提出了更高的标准和要求。 为确保调试进度不受雨季、潮气等不利环境影响，济南轨道交通集团建投公司机电系统部牵头组织专项攻关，协调多专业资源提供全方位保障。在调试现 场，建投公司第三党支部联合参建单位组建的"联调突击队"成为攻坚主力，党员带头实行24小时轮班作业，全员坚守现场，确保问题在第一时间得到响应 和处置。团队严格遵循标准化流程，对每一项测试数据、每一个调试环节反复校验，严守安全质量底线。 截至目前，4号线全线33座车站已全部实现主体结构封顶，全面进入站后工程施工阶段 ...

（文章来源：第一财经） 据交通运输部消息，2025年7月，31个省（自治区、直辖市）和新疆生产建设兵团共有54个城市开通运 营城市轨道交通线路330条，运营里程11146.8公里，实际开行列车374万列次，完成客运量29.2亿人次， 进站量17.4亿人次。7月份，客运量环比增加2.3亿人次，增长8.6%，同比增加0.5亿人次，增长1.7%。7 月份全国总运营里程的平均客运强度为0.845万人次每公里日，环比增长3.4%，同比降低5.7%。 ...

Core Insights - The Ministry of Transport reported that in July 2025, 54 cities in China operated 330 urban rail transit lines, with a total operational mileage of 11,146.8 kilometers, and a passenger volume of 2.92 billion trips, marking an increase of 8.6% month-on-month and 1.7% year-on-year [1] Summary by Category Operational Data - In July 2025, the total operational mileage of urban rail transit reached 11,146.8 kilometers, with 330 lines in operation across 54 cities [1] - The actual number of train operations was 3.74 million, with a passenger volume of 2.92 billion trips and an entry volume of 1.74 billion [1] Passenger Volume - The passenger volume increased by 230 million trips month-on-month, representing an 8.6% growth, and a year-on-year increase of 50 million trips, or 1.7% [1] - The average passenger intensity for the total operational mileage was 0.845 million trips per kilometer per day, showing a month-on-month increase of 3.4% but a year-on-year decrease of 5.7% [1] City-Specific Data - Among the 54 cities, 43 cities operated metro and light rail lines totaling 271 lines and 9,658.1 kilometers, with a passenger volume of 2.82 billion trips [1] - 16 cities operated monorail, maglev, and regional rapid transit lines totaling 25 lines and 970.7 kilometers, with a passenger volume of 83.14 million trips [1] - 18 cities operated trams and automated guided rail systems totaling 34 lines and 518 kilometers, with a passenger volume of 10.98 million trips [1] New Additions - In July, there was an addition of 19.9 kilometers of operational mileage with one new operational section, specifically the northern section of Tianjin Metro Line 4 [1] - There was a reduction of 0.7 kilometers in operational mileage due to the cancellation of a section of the Guangzhou Haizhu Tram Line [1]

票价按照最短乘车路径计算 未必是时间最短的出行路径 也就是说，系统会根据乘客进闸和出闸的站点，自动计算出在地铁线网中两个站之间最短乘车路径的轨道里 程，然后按如下规则计费：0~4公里，2元；4~12公里，每增加4公里加1元；12~24公里，每增加6公里加1 元；24公里以上，每增加8公里加1元；最高票价20元。另外，珠江新城旅客自动输送系统（APM线）实行票 价2元的单一票制。 从计费规则可以看出，里程在8—12公里之间票价都是4元，也就是说，只要起点站和终点站之间的"最短乘车 路径的轨道里程"在这区间内，无论多少个站，票价都是4元。 可是，明明赤沙是沙河与燕岗之间的中间站，里程应该也仅有一半，为什么沙河到燕岗、沙河到赤沙、赤沙 到燕岗票价是一样的呢？如果沙河到赤沙、赤沙到燕岗票价是4元，那从沙河到燕岗，票价应该在5元以上才 对。 说到这里，可能大家忽略了一开始说的一个重要的知识点，就是票价是按"最短乘车路径的轨道里程"来算 的。由于最短乘车路径只计算列车运行的里程，而实际上乘车还要加上换乘等车的时间，加上之后，最短乘 车路径就未必是时间最短的出行路径了。 沙河到燕岗的最短乘车距离，是从沙河搭乘六号线到东湖， ...

串起多个商圈景区，五号线开通首周，客流量超一百五十万人次 一条新线贯南北 激发文商旅新活力 □ 南京日报/紫金山新闻记者 吴春霞 黄琳燕 李子俊 实习生 张珊 史羽梵 8月6日，南京地铁5号线正式开通运营。记者从南京地铁获悉，截至8月9日，这条贯穿南北的轨道交通 线路累计客流量已达152.5万人次。开通后的首个周末，这条线路迎来休息日客流高峰。 作为串联南京"文商旅"资源密集片区的关键线路，5号线在改变沿线交通出行格局的同时，正有力带动 沿线文化、旅游与商业融合发展，成为激活"文商旅"的重要催化剂。记者周末走访沿线文旅景区、商场 及交通节点，记录下这条新线路带来的变化。 串联文旅景区，众多市民游客"跟着地铁游南京" 地铁5号线沿途串起了不少重点景区和文旅街区，车站内部也洋溢着浓郁的"南京味道"。自8月6日正式 开通运营以来，迅速"出圈"，成为市民游客青睐的打卡点，也带动了沿线景区的客流和消费。 "六朝古都名不虚传！"8月9日下午，记者在地铁5号线夫子庙站内，看到了不少拖着行李箱的外地游 客。站台内别出心裁的景观设计，吸引他们举起手机开始了"拍拍拍"模式。 低头是千年古道，抬头是江南风情。众多游客惊叹，在地铁站 ...

Core Viewpoint - The company anticipates a decline in revenue and net profit for the first half of 2025 compared to the same period in 2024, primarily due to macroeconomic factors and changes in industry policies [1] Revenue Forecast - The company expects revenue for the first half of 2025 to be between approximately RMB 3.385 billion and RMB 3.803 billion, representing a decrease of about 9% to 19% compared to approximately RMB 4.179 billion in the first half of 2024 [1] Net Profit Forecast - The projected net profit for the first half of 2025 is expected to be between approximately RMB 219 million and RMB 256 million, which indicates a decline of about 31% to 41% from approximately RMB 371 million in the first half of 2024 [1] Reasons for Decline - The board attributes the decline in revenue and net profit to several factors: 1. Reduced conversion rate of new rail construction projects due to macroeconomic conditions [1] 2. Adjustments in government policies affecting the number of approved urban rail transit lines, leading to a decrease in the scale of the company's design business [1] 3. The Chongqing Yuxi West Line construction project has entered the operational phase, resulting in a corresponding decrease in construction revenue [1]

据悉，广州地铁十三号线二期今年将率先开通鱼珠至天河公园段，该段全长8.3公里，目前土建工程累 计完成98%，4座车站以及轨行区均进入运营调试阶段，并已启动与十三号线一期（鱼珠—新沙）的"贯 通跑图"试运行，调试期间高峰期行车间隔将缩短。 广州地铁十三号线二期（朝阳—鱼珠）呈东西走向，线路串联白云、荔湾、越秀、天河、黄埔五大行政 区，全长约34公里，设23座车站，未来将与十三号线一期（鱼珠—新沙）共同构建城市东西向骨干线， 能有效疏导五号线客流压力，提高东、西部客流直达市中心的便捷性，优化轨道网络运营服务水平。 与一期"贯通跑图"试运行期间，广州地铁十三号线全天执行"天河公园—新沙"交路，列车在十三号线一 期正常载客，并在鱼珠站清客，十三号线二期鱼珠至天河公园段不载客试运行。工作日高峰期上线15列 车，行车间隔由早高峰约7分钟、晚高峰约9分钟均缩短至约6分钟；周六日打破现有全天平峰模式，高 峰期上线14列车，行车间隔由约12分钟缩短至约6分钟。 ...