轨交设备跟踪点评:上半年铁路投资高景气 下半年新车及高级修招标有望开启

申万宏源研究
Jul 28, 2025

事件:根据国铁集团数据,1-6 月全国铁路固定资产投资完成额3559 亿元,同比增长5.5%;全国铁路发送旅客22.36 亿人次、同比增长6.7%;全国铁路货运发送量25.58 万吨,同比增长1.8%。点评:6 月铁路固定资产投资保持高增。6 月铁路固定资产投资完成额1138 亿,同比增长4.60%,高基数下(24 年6 月份1088 亿,增速10.18%)仍实现高增长,凸显行业高景气。重点工程...

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