（原标题：专访老挝国家工商会会长：中老铁路有望成为区域"绿色走廊"） 南方财经 21世纪经济报道记者郑青亭、实习生陈颖 北京报道 "中老铁路是共建'一带一路'倡议中老挝最重要的基础设施项目，不仅打通了中国与东盟的互联互通通 道，也为老挝带来巨大的贸易与投资潜力。"近日，老挝国家工商会会长吴迪·苏万那冯（Oudet Souvannavong）北京在接受21世纪经济报道记者采访时说道。 11月7日，由中国国际商会主办的2025"一带一路"贸易投资论坛在北京举行。 苏万那冯在会上指出，中 老铁路正助力老挝开辟一条低碳数字赋能与可持续供应链的新路径，其发展不仅连接中国与东盟，也契 合区域发展方向及全球绿色转型目标。 苏万那冯：中国是老挝最大的外商直接投资（FDI）来源国。传统上，中资在老挝主要集中于矿业、水 电、基础设施和农业等领域。随着共建"一带一路"倡议的推进，尤其是中国—东盟自贸区3.0版升级议 在当天的论坛期间，他告诉21世纪经济报道记者，老挝国家工商会高度重视中老铁路项目，已专门成 立"中老经贸投资合作委员会"，以进一步挖掘沿线投资机遇，推动中国与东南亚地区的联动发展。 中老铁路是一条连接中国云南省昆明市与 ...

11月13日，满载45个集装箱汽车零配件的X9015次列车从西安国际港站缓缓驶出，一路向西。这标 志着陕西首趟"中吉乌"铁公联运国际班列顺利开行。这批货物先经铁路运输至喀什北站，随后转公路运 输从伊尔克什坦口岸出境，全程预计20天抵达乌兹别克斯坦吉扎克，较以往的运输方式压缩时效4至5 天。这是中国铁路西安局集团有限公司（以下简称"西安铁路局"）创新采用"铁路+公路"物流总包模 式，为外贸企业降低物流成本、助力陕西与中亚地区经贸交流的最新实践，为共建"一带一路"高质量发 展注入新动能。 此次班列的成功开行为陕西打造"中吉乌"铁公联运国际通道积累了宝贵的运营经验，为后续规模 化、常态化开行奠定坚实基础。（记者：杨光） 此次班列由西安铁路局联合中铁集装箱运输有限责任公司西安分公司共同打造，以"一次付款、一 次委托、一单到底"的物流总包服务模式，实现货源组织、箱源调配、运输调度全流程无缝衔接；依托 全程"一单制"，对协议签订、单证填报、进站核验及多式联运数据传输、提单签发等环节精准把控，有 效提升运输组织效率，为中国与中亚国家贸易往来提供更优物流解决方案。 班列搭载货物来自西安本地工厂，客户统一采用45英尺自备集装箱 ...

11月13日，北京城市副中心，一座全新的铁路枢纽车站即将投入使用，作为北京未来的"东大门"，北京 城市副中心站将接入多条国铁和地铁线路。记者从国铁北京局了解到，目前，京唐城际铁路北京城市副 中心段已进入按图行车试验阶段，标志着该线路进入开通运营最后倒计时，副中心站也开通在即。 ...

新华社重庆11月13日电 11月13日中午，一列装载汽配零部件、塑料部件、纸盒套装等货物的X8485次中 老泰班列从重庆团结村中心站驶出，这是重庆首次开行全程时刻表中老泰班列，此后将以每周2列的固 定频率开行。 本次开行的全程时刻表中老泰班列，从重庆团结村中心站始发，途经磨憨口岸、磨丁口岸、廊开口岸， 终点是泰国马达普站。运营初期，每周开行2列，班列自重庆团结村中心站12时49分发车，全程2921公 里、用时95小时11分钟。 中老泰班列全程时刻表的发布，标志着"东盟快班"产品更加高效、更加丰富，以"固定时间、固定线 路、固定班期"组织运行中老泰班列，将为外贸企业提供更加优质的跨境运输保障。 在13日开幕的2025陆海新通道经济发展论坛上，国铁集团正式发布首批中老泰班列全程时刻表，同日在 渝开出首列全程时刻表中老泰班列。 中铁集装箱运输有限责任公司董事长杨斌说："该班列既是中老泰铁路三方等密切合作的成果，也是高 质量建设西部陆海新通道的生动实践。班列的开行，将为推动中老泰经贸往来注入强劲动力。" （文章来源：新华社） ...

Core Insights - The China-Europe Railway Express has established a new international transport pattern between Asia and Europe, serving as a vital link for global exchange and cooperation [2][12][22] Group 1: Operational Efficiency - The Xi'an International Port Station has become the largest freight marshalling station in China, with over 18,000 trains arriving and departing during the 14th Five-Year Plan period [2][12] - The newly implemented intelligent terminal system tracks vehicle movements and cargo handling 24/7, allowing for rapid processing of container trucks [4][6] - The Xi'an International Port has broken loading records multiple times this year, with a peak of 1,530 containers loaded in a single day [9][11] Group 2: Growth in Train Operations - The number of China-Europe Railway Express trains departing from Xi'an has significantly increased, with over 5,000 trains operated this year, marking a historic milestone [11][12] - The average frequency of train departures has improved to every 90 minutes, showcasing the growing operational capacity [11][12] Group 3: Logistics and Cost Efficiency - The expansion of the secondary distribution system has led to a reduction in transportation costs by over 10%, with the proportion of return trains increasing from 46% to over 50% [21][19] - The introduction of new multi-modal transport solutions has enhanced service quality and reduced overall logistics costs [21][22] Group 4: International Cooperation and Network Expansion - The development of new routes, such as the Xi'an-Tashkent express line, has improved transport efficiency by 40%, while the integration of sea and rail transport has connected major shipping hubs [15][17] - The establishment of a "hub-to-hub" logistics model between Xi'an and Almaty has streamlined operations and improved data sharing between China and Kazakhstan [24][26] Group 5: Future Prospects - The China-Europe Railway Express aims to enhance service quality and operational efficiency in the next five years, with plans to open new routes and improve existing services [33][35] - The ongoing construction of the China-Kyrgyzstan-Uzbekistan railway is expected to further facilitate direct transport and enhance trade connections [33]

Core Insights - The China-Europe Railway Express has established a new international transport pattern between Asia and Europe, serving as a vital link for global exchange and cooperation [1] - The "14th Five-Year Plan" emphasizes high-quality construction of the Belt and Road Initiative, aiming to enhance the development level of the railway express [1] Group 1: Operational Efficiency - The Xian International Port Station, the largest freight marshalling station in the country, handles nearly 600 China-Europe Railway Express trains daily, with over 18,000 trains dispatched during the "14th Five-Year Plan" period [4] - A new intelligent yard system tracks vehicle movements and cargo loading 24/7, allowing for efficient operations with over 8,000 container trucks operating daily [6] - The average dispatch frequency of the trains is every 90 minutes, with the total number of trains exceeding 5,000 for the first time this year [10] Group 2: Logistics and Cost Efficiency - The railway express has transported over 22 million tons of goods, accounting for more than a quarter of the national total during the "14th Five-Year Plan" [10] - The introduction of new routes, such as the "Xian-Tashkent" express, has improved transport efficiency by 40%, while the logistics model has reduced costs by over 10% through the establishment of secondary distribution points [16][18] - The return train ratio has increased from 46% last year to over 50% this year, indicating a shift towards enhancing service quality and resource integration [18] Group 3: International Cooperation and Network Expansion - The railway express has expanded its reach through land-sea interconnectivity, linking various logistics hubs and enhancing service quality [20] - The establishment of a "hub-to-hub" logistics model between the Kazakhstan-Xian terminal and Almaty has facilitated seamless data integration for customs and railway operations [22] - The efficiency improvements have led to a rapid increase in freight volume, with over 17,000 companies utilizing the service [24]

接下来，满洲里海关将着力打通企业享惠堵点，以更优质的服务、更精准的举措、更高效的监管，让政策春风吹遍口岸一线，让减税降费红利直达市场主 体，为服务构建新发展格局、推进高水平对外开放贡献海关力量。 在实施惠企举措过程中，企业反映在实际操作时因不会准确区分境内段运费导致无法充分享受红利。为此，满洲里海关通过关企座谈会、发放辅导手册等 多种渠道，详细讲解境内段运费分摊计税办法、操作流程以及申报时的具体要求等，让惠企举措从"纸上学"落地为"指尖办"。同时，该关设立了"中欧班 列专岗"，高效审核企业运费扣减材料完整性、规范性，聚焦企业在办理回程运费扣减过程中的难点，及时推送班列平台公司发布的"运价公告"等内容， 为企业提供权威支持。 "满洲里海关指导精准、服务到位，不仅主动上门讲解政策，还手把手帮助我们梳理申报要点，单是一票货物，我们就成功扣减了12.47万元的境内段运 费，让资金周转更加顺畅，我们拓展业务的底气更足了。"满洲里海诚报关有限公司负责人胡晓静说。 初冬的满洲里，寒意已悄悄漫过街巷，满洲里铁路口岸却是一派繁忙景象，一列列回程中欧班列接续入境，满载着木材、粮油等货物发往全国各地。作为 共建"一带一路"的重要载 ...

Core Viewpoint - The China Coal Economic Research Association reports significant structural changes in the coal transportation system during the "14th Five-Year Plan" period, enhancing the national allocation capacity of coal resources and promoting a smart and green transformation in coal transportation [1][2]. Group 1: Market Performance - As of November 13, 2025, the CSI State-Owned Enterprises Dividend Index (000824) decreased by 0.27%, with component stocks showing mixed performance [1]. - Leading gainers included Luxi Chemical (000830), while Sichuan Road and Bridge (600039) led the declines [1]. Group 2: Coal Transportation Developments - The National Railway Group reported that coal transportation reached 1.57 billion tons in the first nine months of the year, a year-on-year increase of 11.1%, with thermal coal accounting for 1.1 billion tons, up 17% [2]. - The successful operation of the new Shuo Railway, capable of 20,000-ton heavy-load transport, marks a significant advancement in coal transportation capabilities [1][2]. Group 3: Investment Strategies - CITIC Securities suggests that in the context of a weak macroeconomic recovery, high dividend strategies remain attractive, particularly for large-cap stocks in sectors like coal and photovoltaics [2]. - The CSI State-Owned Enterprises Dividend ETF closely tracks the CSI State-Owned Enterprises Dividend Index, which includes 100 listed companies with high and stable cash dividend yields [2].

Core Insights - The company has shown stable operations with continuous growth in gross profit despite a decline in revenue for the first three quarters of 2025 [1] Group 1: Financial Performance - In the first three quarters of 2025, the company's operating revenue was 8.582 billion, a year-on-year decrease of 15.2%, while gross profit reached 923 million, an increase of 11.7% [1] - The gross profit margin improved to 10.8%, up by 2.6 percentage points year-on-year [1] - Total profit amounted to 752 million, reflecting a year-on-year growth of 29.7%, primarily driven by the increase in gross profit and a reduction in asset impairment losses [1] - The net profit attributable to the parent company was 548 million, up 38.7% year-on-year, with the non-recurring net profit at 540 million, a growth of 40.49% [1] Group 2: Business Segments - The special container business has shown a consistent growth trend, with an annualized growth rate of 13% from 2014 to 2024, and a 7% year-on-year increase in the first half of 2025 [2] - This growth aligns with the overall increase in China's railway container transport volume, which is expected to grow at an annualized rate of 23% from 2014 to 2024 [2] - Conversely, the railway freight and port logistics businesses have experienced a decline in both revenue and gross profit since 2020, attributed to a decrease in freight volume [3] - The supply chain management business has also seen a decline in revenue and gross profit since 2021, potentially linked to falling commodity prices [3] Group 3: Profit Forecast Adjustments - Due to the decline in commodity prices and reduced real estate sales, the company has revised its net profit forecasts for 2025 and 2026 to 570 million and 680 million, respectively, down from previous estimates of 590 million and 690 million [4] - The forecast for 2027's net profit is set at 730 million, with corresponding price-to-earnings ratios of 16, 13, and 12 times [4]

Core Insights - The Western Land-Sea New Corridor has achieved a cumulative container volume of 2.559 million TEUs since the launch of the iron-sea intermodal service in 2017 [1] - The corridor aims to be economically efficient, convenient, green, and safe by 2025, with a target of reaching 500,000 TEUs in container volume for iron-sea intermodal transport [1] - In September of this year, the annual dispatch volume of the iron-sea intermodal service exceeded 1 million TEUs for the first time, marking a 110-fold increase since its inception [1] Container Volume and Growth - The cumulative container volume for the iron-sea intermodal service has reached 2.559 million TEUs, achieving the 2025 target of 500,000 TEUs ahead of schedule [1] - From January to October this year, the freight volume and value from Chongqing via the Western Land-Sea New Corridor reached 272,300 TEUs and 48.962 billion yuan, respectively, representing year-on-year growth of 33% and 27% [1] Network Expansion - The transportation network has expanded to cover 581 ports in 127 countries and regions [1] - The types of goods transported now include over 1,300 products across more than 10 major categories, such as electronics, complete vehicles and parts, machinery, and food [1]