10月24日，ST广物（600603）披露三季报，据披露，ST广物2025年1—9月运量2108.06万吨，同比增长 38.95%，约占新疆铁路"疆煤外运"总量的30%。随着新疆煤炭优质产能加速释放，ST广物有望通过红淖 铁路、将淖铁路及四大基地，进一步扩大市场份额，实现业务增长。 在下游方面，ST广物布局柳沟、明水、宁东、广元四大综合能源物流基地，形成"点对点"运输网络。 这些基地通过智能调度、集装箱多式联运等模式，实现煤炭高效承接转运，填补甘肃、川渝、宁夏等地 区煤炭需求缺口，提升新疆煤炭在终端市场的竞争力。 资料显示，新疆煤炭的资源储量占全国40%左右，是我国重要的能源接替区和战略能源储备区。近年 来，在"双碳"目标与能源安全双重战略指引下，我国煤炭资源开发重心向西部转移，新疆依托煤炭储量 丰富、资源品位高、开采成本低，在全国能源供应体系中重要性持续提升，产量占比逐年提高。据国家 统计局数据显示，2025年1—9月新疆地区原煤产量40056.8万吨，同比增长4.1%，远超全国2%的增速。 从绝对产量方面看，新疆虽不如山西、内蒙古和陕西地区，但其增速却位列上述四地区之首。 对此，有分析人士指出，随着202 ...

Core Insights - The Xinjiang Railway Urumqi Bureau Group reported that as of October 22, 2023, the railway freight volume in Xinjiang reached 200.1 million tons, surpassing the 200 million tons mark 19 days earlier than last year [1] - The coal transportation volume from Xinjiang reached 75.9 million tons, representing a year-on-year increase of 6.93%, supporting national energy security and contributing to the high-quality development of Xinjiang's economy [1] Group 1 - The steady growth in coal transportation is attributed to the continuous enhancement of Xinjiang's railway transportation capacity [1] - The railway department has effectively utilized the "one main and two auxiliary" transportation channels, ensuring smooth operations on the Lanzhou-Xinjiang Railway while optimizing coal transportation through the Northern (Linhai Railway) and Southern (Geku Railway) routes [1][2] - The company has set a target of 100 million tons for coal transportation this year, enhancing collaboration with local enterprises and adjusting transportation capacity based on customer needs [1] Group 2 - The Urumqi Railway has undergone significant upgrades, transitioning from a single-track to a double-track system, and has upgraded to electric locomotives, resulting in a substantial increase in transportation capacity [2] - Ongoing capacity expansion projects, such as the completion of the Liuyuan Station upgrade and the expected completion of the Hami East Station upgrade within the year, will further enhance the capacity of the Lanzhou-Xinjiang Railway [2]