The railway segment of the Group fully leveraged its integrated operational advantages, closely aligning with the core development needs of the industry chain to achieve efficient and seamless transportation system. Positioned within the non-coal transportation business development landscape, it activated the potential of corridor transportation and steadily expanded the service radius of its transportation network. In 2025, the transportation turnover of self-owned railway of the Group reached 313.0 billion tonnes km , representing a year-on-year growth of 0.3%; the transportation volume of non-coal goods such as metal ores and chemicals was 26.1 million tonnes , representing a year-on-year growth of 6.5%, of which the reverse direction transportation of non-coal goods reached 19.0 million tonnes during the year.

We will continue to promote the expansion and efficiency of railway transportation and accelerate the transformation of modern logistics. Shuohuang Railway has empowered its transportation organization with digital intelligence, realized the management and control of the whole process of production and operation, and improved the all-rounded organizational effectiveness; based on the development pattern of non-coal transportation business, we will closely match the market demand, and develop the multimodal joint-transport model rapidly. Baoshen Railway continued to promote the in-depth integration of heavy haul transportation and digital technology, and successfully organized the world’s first 35,000-ton-class heavy haul group train running test, providing “China’s solution” for the development of the world’s heavy haul railways. The 300 million tonnes capacity expansion and transformation project of Shenshuo Railway was fully completed and put into operation. The 10,000 tons loading and marshalling capacity was significantly improved, achieving a historic leap in transportation capacity from 220 million tons to 300 million tons. Xinshuo Railway will promote the expansion and transformation of special lines and stations, optimize the layout of special lines, enhance the ability to obtain resources, expand the pendulum transportation of non-coal goods transportation, and accelerate the transformation from “traditional transportation” to “modern logistics”.