The invention provides a ZPW-2000A track circuit system, which comprises a receiver, a communication interface device, a sender, a track circuit maintenance machine, a cable lightning protection analogue network, an attenuation redundancy controller, a cable and outdoor trackside equipment, wherein the sender is used for generating and outputting corresponding signals to a train and the receiver according to received carrier-frequency and low-frequency coding information; the receiver is used for demodulating the received signals according to the received carrier-frequency and low-frequency coding information, obtaining track state information and outputting to the track circuit maintenance machine and a train control system; the track circuit maintenance machine is used for analyzing and judging the received self working state of the sender, the self working state of the receiver, signal amplitude and current output by the sender, the signal amplitude of a receiving terminal and the track state information, and correspondingly processing according to judgement results; and the communication interface device is used for completing communication protocol conversion of the sender, the receiver, the track circuit maintenance machine and the train control system.