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China South Locomotive sells RMB 200 mln train carriages

Jun. 14, 2012 (China Knowledge) – China South Locomotive & Rolling Stock Co Ltd<601766><1766>, or CSR, the country's largest manufacturer of rail vehicles, announced that its subsidiary company, CSR Sifang Co Ltd, inks an contract with Guangshen Railway Company Limited<601333> with contract value of over RMB 200 million.

The rail vehicle manufacturer will provide 50 units of 25T model high-grade train carriage by the mid-September 2012, and these train carriages will be used in Canton-Kowloon train route, said someone familiar with the matter.

In the first quarter of this year, CSR saw its net profit attributable to shareholders increased 13.31% YoY to RMB 1.07 billion with basic earnings per share of RMB 0.09.

As of Apr 30, 2012, the company had RMB 80 billion worth of orders on hand, sources reported.

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