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China South Locomotive wins RMB 5.41 bln contracts

Sep. 11, 2012 (China Knowledge) - China South Locomotive & Rolling Stock Co Ltd<601766><1766>, or CSR, the country's largest manufacturer of rail vehicles, has announced it recently signed RMB 5.41 billion worth of contracts.

The company said in a statement filed with the Shanghai Stock Exchange that the contract value was equivalent to 6.7% of its revenue in 2011.

CSR Zhuzhou Electric Locomotive Co Ltd, a subsidiary of CSR, has signed RMB 2.54 billion worth of contracts with South Africa's Transnet Limited.

Meanwhile, CSR Qishuiyan Co Ltd, another subsidiary of CSR, inked RMB 880 million worth of sales contract with Harbin Railway Bureau.

In the first half of this year, the company saw its operation revenue rose 5.8% YoY to RMB 42.45 billion, while its net profit for the six-month period decreased 6.16% YoY to RMB 1.92 billion, China Knowledge reported earlier.

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