HONG KONG, April 14, 2011 /PRNewswire-Asia/ -- Guangshen
Railway Company Limited ("Guangshen Railway" or the "Company")
(HKEx Share Code: 525; SSE Share Code: 601333; ADS Ticket Symbol:
NYSE: GSH) today announced the unaudited operating results of the
Company and its subsidiaries (the "Group") for the three months
ended March 31, 2011 (the
"Period").
During the Period, under the PRC Accounting Standards, combined
revenues from operation of the Group amounted to approximately
RMB3,411 million, representing an
increase of approximately 12.81% over the same period of 2010. Net
profit attributable to shareholders of the parent amounted to
approximately RMB419 million,
representing a year-on-year increase of approximately 48.02%. Basic
earnings per share was RMB0.059
(Corresponding period of 2010: RMB0.040).
Mr. Xu Xiaoming, Chairman of the
Company said, "In the first quarter of 2011, net profit increased
significantly because the passenger and freight businesses
continued to grow, while the Company adopted effective measures to
curb the growth in costs. Looking ahead toward 2011, the PRC's
economy will continue to recover at a moderate rate. This, together
with the 26th Summer Universiade to be held in Shenzhen in August, is expected to enable the
passenger and freight businesses to maintain steady growth
trends."
Guangshen Railway Company Limited was established in 1996. The H
shares and ADS issued by the Company were listed on The Stock
Exchange of Hong Kong Limited and the New York Stock Exchange
respectively in May 1996. The Company
is currently the only PRC railway enterprise with its shares listed
overseas. In December 2006, the
Company returned to the A share market and successfully listed its
shares on the Shanghai Stock Exchange. The Company holds the sole
operating rights of the Guangshen Railway, one of the most modern
railways in the PRC. The Company is mainly engaged in railway
passenger and freight transportation businesses between
Shenzhen, Guangzhou and Pingshi, long-distance passenger
transportation services, and the Hong Kong Through Train passenger
service in cooperation with MTR Corporation in Hong Kong. As at December 31, 2010, the Company operated 224 pairs
of passenger trains in accordance with its daily train schedules,
including 110 pairs of Guangzhou-Shenzhen trains, 101 pairs of long-distance
trains, and 13 pairs of Hong Kong
through-trains.
Please visit the following link for the Combined Statement of
Profit prepared in accordance with the PRC Accounting Standards
(unaudited):
http://www.prnasia.com/sa/attachment/2011/04/2011041480018.pdf
For further information, please
contact:
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Mr. Guo Xiangdong / Ms. Grace
Deng
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Guangshen Railway Company
Limited
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Tel: (86755) 2558 7920 / 2558
8146
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Fax: (86755) 2559
1480
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Ms. Karen Lee / Ms.
Christy Lai
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Rikes Hill & Knowlton
Limited
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Tel: (852) 2520 2201
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Fax: (852) 2520 2241
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SOURCE Guangshen Railway Company Limited