HONG KONG, Oct. 25, 2011 /PRNewswire-Asia/ -- Guangshen
Railway Company Limited ("Guangshen Railway" or the "Company")
(HKEx Share Code: 525; SSE Share Code: 601333; ADS Ticker Symbol:
NYSE: GSH) today announced the unaudited operating results of the
Company and its subsidiaries (the "Group") for the nine months
ended September 30, 2011 (the
"Period").
During the Period, under the PRC Accounting Standards, combined
revenues from operation of the Group amounted to approximately
RMB10,867 million, representing a
year-on-year increase of approximately 10.01%. Net profit
attributable to shareholders of the parent amounted to
approximately RMB1,492 million,
representing a year-on-year increase of approximately 20.16%. Basic
earnings per share was RMB0.210
(Corresponding period of 2010: RMB0.175).
Guangshen Railway said, "In the first three quarters of 2011,
China's economic operation looked
sound in general. The Company optimized transportation resources
and continuously stepped up its marketing efforts, and as a result
the passenger and freight transportation businesses within the
Company's service territory picked up steadily, and the Company's
revenues from operation and net profits increased steadily. Looking
ahead, the Company will capitalize on market opportunities; further
improve its transportation efficiency and capacity; develop new
growth points of passenger volume on Guangzhou-Shenzhen inter-city trains; strive to operate
more long-distance trains which are profitable; and push forward
the logistics development, market promotion and contract-out of the
railway goods depot, with a view to enhancing the harmonious
development of the Company and to ensuring a steady growth in
operating results of the Company in the fourth quarter."
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 Guangshen Railway. The Company is mainly
engaged in railway passenger and freight transportation businesses
between Shenzhen, Guangzhou and Pingshi, long-distance passenger
transportation services, and the Canton-Kowloon Through Train
passenger transportation service in cooperation with MTR
Corporation Limited in Hong Kong.
As at June 30, 2011, the Company
operated 231 pairs of passenger trains in accordance with its daily
train schedules, including 110 pairs of Guangzhou-Shenzhen inter-city trains, 108 pairs of
long-distance trains, and 13 pairs of Hong Kong through-trains (11 pairs of
Canton-Kowloon Through Trains, 1 pair of Zhaoqing-Kowloon Through
Train and 1 pair of Beijing
(Shanghai)-Kowloon Through
Train).
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/2011/10/20111025174444702695.pdf
For further information, please contact:
Mr. Guo Xiangdong / Ms. Grace
Deng
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Ms. Karen Lee / Ms. Leona
Zeng
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Guangshen Railway Company
Limited
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Rikes Hill & Knowlton
Limited
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Tel:
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+86-755-2558-7920 /
+86-755-2558-8146
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Tel:
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+852-2520-2201
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Fax:
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+86-755-2559-1480
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Fax:
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+852-2520-2241
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Email:
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irm@gsrc.com
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Email:
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karen.lee@rikes.hillandknowlton.com
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leona.zeng@rikes.hillandknowlton.com
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SOURCE Guangshen Railway Company Limited