The Jinpu Railway, as a significant conduit for contemporary north-south transportation in China, preserves distinctive memories of industrial civilization through its Yellow River Bridge and Luokou Station remains. Confronted with the challenges of safeguarding and revitalizing railway heritage amidst urban renewal initiatives, this study concentrates on the dual aspects of physical space restoration and cultural value reconstruction. It proposes a collaborative regeneration strategy of “low intervention activation+scene empowerment”. Through value analysis, the multidimensional value of heritage in history, technology, social culture, and ecological landscape has been revealed. This analysis has also diagnosed the practical difficulties of functional inactivation, spatial fragmentation, and memory discontinuity. Based on this, by systematically preserving the texture of historical buildings, implanting bridge piers and corridors to connect embankment spaces, transforming abandoned railway tracks into a cycling greenway network, innovatively transforming red brick warehouses into railway cultural exhibition halls, and using railway relics and digital technology to construct immersive narrative scenes, linear greenways are used to connect railway sites, station nodes, and the Yellow River ecological belt, effectively realizing spatial empowerment, narrative reconstruction, and ecological stitching, forming a composite regeneration system that enhances transportation accessibility, visualizes historical memory, and strengthens ecological services. Based on the principle of minimal intervention, the strategy effectively balances the contradiction between protection and development, transforming industrial heritage into urban public spaces where citizens can read historical textures, experience the spirit of the place, and participate in functional growth. It provides a systematic solution for the transformation of railway heritage through “catalytic effect-driven, functional module-embedded, and value-level regeneration”, expanding the theoretical connotation and practical paradigm of industrial heritage activation and utilization.