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China CNR inks RMB 6.8 bln contracts

Dec. 18, 2012 (China Knowledge) - China CNR Corp<601299>, one of China’s two leading train manufacturers, has announced it recently inks several major contracts with total value of RMB 6.8 billion, accounted for 7.59% of its 2011's operating revenue.

CNR Changchun Railway Vehicles Co Ltd, a wholly-owned subsidiary of China CNR Corp, inked RMB 936 million worth of contracts with Chongqing Rail Transit(Group) Co Ltd to sale construction vehicle.

Meanwhile, another subsidiary of China CNR, Tangshan Railway Vehicle Co Ltd, inked RMB 549 million worth of senior repair contracts with several railways bureaus.

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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