Group 1 - The overall safety situation of China's railway has continued to improve, with a 18% year-on-year decrease in railway traffic accident fatalities in 2024, and no major or particularly major accidents reported throughout the year [1][2] - The number of significant railway accidents remained stable at 2 in 2024, consistent with 2023, while the total number of significant accidents from 2019 to 2023 varied significantly [1][2] - The China National Railway Group reported a 26.7% year-on-year decrease in fatalities, indicating that the safety situation under its management is better than the national average [1] Group 2 - The railway sector has not experienced major accidents for several consecutive years, marking the safest period in railway history, attributed to improved safety laws, responsibility systems, and infrastructure upgrades [2] - Future safety initiatives will focus on closing unprotected crossings, enhancing warning systems, and conducting emergency drills to reduce human error risks [2] - By the end of 2024, the total number of locomotives in the national railway system is projected to be 22,500, with a mix of diesel and electric locomotives [2] Group 3 - In 2024, the total operating mileage of the national railway reached 162,000 kilometers, with 48,000 kilometers of high-speed rail, a 60.8% double-track rate, and a 76.2% electrification rate [3] - The total freight volume for the national railway was 5.175 billion tons, reflecting a 2.8% year-on-year increase, with specific commodities showing varied growth rates [3] - The growth in container transport is primarily driven by the shift from bulk to containerized transport, contributing significantly to the increase in railway container transport volumes [3][4] Group 4 - The railway sector is transitioning from traditional transport roles to more flexible logistics services, with the opening of multiple intermodal transport routes and significant growth in container transport volumes [4] - As of April 2025, the railway container transport volume has increased by 17% year-on-year, with a stable average growth rate of over 15% in recent years [4]