轨道交通建设加速。截至6月底，深铁集团"三铁"在建里程达598.7公里。其中，2条国铁和地方铁路、4 条城际线路已开工工点208个，盾构始发101台，累计掘进231.6公里。轨道四期和五期工程共17条 （段）地铁线路有序推进，西丽枢纽主体结构开始施工。集团所辖5条新线（段）将于年内开通，市民 出行更为便利。 战新产业（300832）转化有效提升。深铁集团积极拓展"轨道+物流""轨道+仓储"等多场景业务模式。成 立中国前海·时代产业联盟，推动TOD开发与低空经济、人工智能等产业协同发展。4个轨道科技园入园 企业38家，研发全国首例AI+安检机器人，创新完成自动振捣机器人、飞行列检工作站、缪子探测系统 等产品开发。 【深圳商报讯】（首席记者 李秀瑜）近日，深铁集团发布了2025年上半年"成绩单"，数据显示，今年 上半年，深铁集团完成固定资产投资442.82亿元，同比增长34%。集团总资产7932亿元，较年初增长 6.29%。营业收入72.84亿元，自身业务正向增长，经营表现总体稳健。 轨道客流高位运行。2025年以来，深圳地铁单日客流已累计38次破千万。客流强度连续19个月居全国超 大城市之首，日均客运量880. ...

Group 1 - Shenzhen Metro Group reported a fixed asset investment of 44.282 billion yuan in the first half of 2025, representing a year-on-year increase of 34% [1] - The total assets of the group reached 793.2 billion yuan, an increase of 6.29% compared to the beginning of the year [1] - Operating revenue was 7.284 billion yuan, indicating a positive growth in its core business and overall stable operational performance [1] Group 2 - The construction of rail transit is accelerating, with 598.7 kilometers of "three railways" under construction as of June 30, 2025 [1] - The group has initiated construction on 208 sites for two national railways, four intercity lines, and is advancing 17 subway lines in phases four and five [1] - Daily passenger flow has exceeded 10 million on 38 occasions this year, with an average daily ridership of 8.8092 million, maintaining the highest passenger flow intensity among major cities in China for 19 consecutive months [1] Group 3 - The core business shows resilience, with operating cash flow netting 7.964 billion yuan and further enhancing self-sustaining capabilities [2] - Shenzhen Metro Real Estate achieved sales of 5.526 billion yuan, delivering 1,121 housing units and approximately 188,500 square meters of space [2] - The group is actively expanding into new business models such as "rail + logistics" and "rail + warehousing," establishing the China Qianhai Times Industry Alliance [2] Group 4 - The company has made progress in international projects, signing contracts for the Hanoi Line 5 feasibility study and winning a bid for the Algiers Metro system integration design and consulting project [2] - The overseas project service mileage has increased to 208.4 kilometers, with the Egyptian railway project recognized as a "global best practice case for sustainable transportation" [2]

Core Insights - Shenzhen Metro Group reported a fixed asset investment of 44.282 billion yuan in the first half of 2025, representing a year-on-year increase of 34% [1][3] - The total assets of the group reached 793.2 billion yuan, an increase of 6.29% from the beginning of the year [1][3] - Operating revenue was 7.284 billion yuan, indicating a positive growth in its core business and overall stable operational performance [1][3] Investment and Development - The group is focused on high-quality development, expanding market presence, and maintaining growth stability, achieving a resilient operational performance [3][5] - As of June 2025, the group has 598.7 kilometers of rail construction underway, with 208 construction sites opened for two national railways, four intercity lines, and 17 metro lines [3][4] - Daily passenger traffic on Shenzhen Metro has exceeded 10 million on 38 occasions in 2025, with an average daily ridership of 8.8092 million, the highest among major cities in China [3][4] Business Performance - The group achieved operating cash flow of 7.964 billion yuan in the first half of 2025, indicating improved self-sustainability [3][4] - Shenzhen Metro Real Estate completed sales of 5.526 billion yuan, delivering 1,121 housing units and approximately 188,500 square meters of space [4] - The group is actively expanding its business models, including "rail + logistics" and "rail + warehousing," and has initiated several innovative projects [4][5] International Expansion - The group has signed contracts for projects in Vietnam and Algeria, marking a significant step into the full-service output phase of the rail transit industry [4][5] - The group aims to continue enhancing quality and efficiency, contributing to economic stability and growth [5]