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China CNR inks RMB 2.29 bln contracts

Nov. 21, 2012 (China Knowledge) - China CNR Corp<601299>, one of China’s two leading train manufacturers, has announced that it recently inks several major contracts with total value of RMB 2.29 billion, accounted for 2.56% of its 2011's operating revenue.

Dalian Locomotive and Rolling Stock Co Ltd, a wholly-owned subsidiary of China CNR Corp, inked RMB 162 million worth of contracts with MTR Corporation to sales diesel locomotive.

Meanwhile, another subsidiary of China CNR, CNR Changchun Railway Vehicles Co Ltd, inked RMB 1.72 billion worth of contracts with Shanghai Shentong Metro Co Ltd to provide construction vehicle.

In the first nine months of this year, China CNR realized RMB 61.71 billion in operating revenue, down 0.34% YoY, while its net profit for the period grew 7.06% YoY to RMB 2.35 billion, China Knowledge reported earlier.

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