金敬东介绍，截至目前，铁路方面，淘汰老旧型铁路内燃机车更新新型机车450余台。公路及城市交通 方面，报废更新新能源城市公交车及动力电池11.4万辆(套)；淘汰国三和国四标准营运柴油货车25万余 辆；淘汰更新国三和国四标准营运柴油货车25万余辆；推动新购新能源冷链运输车超过2.7万辆。水路 方面，支持老旧营运船舶报废更新船舶约1.2万余艘。民航方面，支持开展汽柴油机场场内作业车辆更 新。邮政快递方面，更新末端配送车辆、老旧分拣设备8万多台(套)。 国新办23日举行新闻发布会，介绍新时代交通运输服务经济社会高质量发展有关情况，并答记者问。交 通运输部综合规划司负责人金敬东表示，新一轮大规模设备更新和消费品以旧换新政策实施以来，交通 运输行业坚决贯彻落实党中央、国务院决策部署，持续实施设备更新七大行动，加快推动新一轮交通运 输领域设备更新换代，交通运输设备绿色化、智能化、安全水平都得到了大幅提升。交通运输部重点做 了三个方面的工作： 一是强化政策引导，构建设备更新政策体系。联合国家发展改革委、财政部等部门印发《2025年老旧营 运货车报废更新工作实施细则》等政策性文件，支持国三、国四排放标准营运货车报废更新。印发《 ...

今天，国务院新闻办公室举行新闻发布会，交通运输部综合规划司副司长金敬东介绍，新一轮大规模设 备更新和消费品以旧换新政策开展以来，交通运输行业坚决贯彻落实党中央、国务院决策部署，持续实 施设备更新七大行动，加快推动新一轮交通运输领域设备更新换代，交通运输设备绿色化、智能化和安 全水平大幅提升。截至今年11月底：铁路方面，淘汰老旧型铁路内燃机车更新新型机车450余台。公路 及城市交通方面，淘汰国三和国四标准营运柴油货车25万余辆；推动新购新能源冷链运输车超过2.7万 辆。水路方面，支持老旧船舶报废更新动力船舶和报废更新老旧船舶约1.2万余艘。民航方面，支持开 展汽柴油机场场内作业车辆等更新。邮政快递方面，更新末端配送车辆、老旧分拣设备8万多台 （套）。 ...

Core Insights - The transportation industry has implemented seven major actions and a series of supporting measures to promote the elimination and upgrading of old diesel trucks, resulting in the retirement of over 260,000 National III and below, and National IV standard diesel trucks since last year [1] Group 1: Equipment Upgrades - As of June this year, the transportation industry has retired over 450 old diesel locomotives and updated to new models [1] - A total of 68,500 old urban buses and their power batteries have been scrapped and updated [1] - More than 15,000 new energy cold chain transport vehicles have been purchased [1] - Approximately 9,800 old ships have been scrapped and updated, while new energy and clean energy-powered vessels have been supported [1] - The industry has also promoted the scrapping and updating of airport ground service vehicles and key equipment [1] - In the postal and express delivery sector, over 80,000 end delivery vehicles and old sorting equipment have been updated [1] Group 2: Financial Support and Policy Implementation - The Ministry of Transport, in collaboration with relevant departments, has issued the "Large-scale Equipment Update Action Plan," which outlines the scope, standards, and processes for equipment updates [1] - The plan aims to guide equipment towards higher efficiency, lower energy consumption, and reduced emissions [1] - The industry has applied for long-term special treasury bonds and other subsidy funds, resulting in the promotion of 4,369 re-lending projects and signing loan contracts totaling 63.3 billion yuan [1]

Core Insights - China CRRC expects a significant increase in net profit for Q1 2025, projecting a range of RMB 28.22 billion to RMB 32.26 billion, representing a year-on-year growth of 180% to 220% [1] - The company anticipates a net profit excluding non-recurring items between RMB 26.05 billion and RMB 28.72 billion, indicating a growth of 290% to 330% year-on-year [1] - The growth in performance is attributed to an increase in product sales compared to the previous year [1] Group 1: Market Performance - In 2024, China's railway passenger volume reached 4.312 billion, marking an 11.9% year-on-year increase and setting a new historical high [1] - The company is advancing the renewal and upgrading of railway equipment to stimulate consumption and investment [1] Group 2: Company Overview - China CRRC is recognized as a global leader in rail transit equipment, resulting from the merger of "South North Cars," and is currently the largest and most comprehensive rail transit equipment supplier globally [2] - The company has implemented a strategic framework of "one core, two businesses, and one stream," optimizing its business structure to support improved profitability [2] - Since the merger in 2015, the company's revenue and profit scale have remained stable [2] Group 3: Corporate Governance - The company is controlled by the State-owned Assets Supervision and Administration Commission of the State Council, which has effectively adjusted its operational mechanisms and industrial layout through three years of state-owned enterprise reform [2] - China CRRC places a strong emphasis on cash dividends and market capitalization management, with a steady increase in dividend yield [2] Group 4: Related Stocks - Related Hong Kong stocks include China CRRC (01766), Times Electric (03898), and China Communications Construction Company (03969) [3]