Source: China Securities Journal, ChinaScope
Financial (Data)
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The Harbin-Dalian and
the Beijing-Shijiazhuang-Wuhan passenger railway line will be put into service
next year. As a result, the procurement of high-speed trains will
restart after months of suspension. Freight train will, however, continue to be
a core business area for train manufacturers.
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China South Locomotive & Rolling
Stock Co., Ltd. (SSE: 601766; HKEX: 1766) disclosed in their semi-annual report
that the company, as of June 30, had about CNY 100 billion worth of undelivered
orders, of which CNY 50 billion were high-speed train orders (including CNY
11.3 billion for BST Company) and CNY 12 billion were overseas orders.
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China CNR Co., Ltd. (SSE: 601299) did
not disclose the value of the orders in the
semi-annual report, but insiders estimate that CNR has about CNY 80
billion worth of orders.
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Related Data: Revenue by Product, Sales volume, Newly
Signed Contracts
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Related Companies: CNR (SSE: 601299), CSR (SSE: 601766)
Driven by the development of high speed railway, both companies have a
fast growth in recent years.
Sales volume of China South Locomotive & Rolling
Stock Co., Ltd. and China CNR Co., Ltd.
China South Locomotive & Rolling Stock Co., Ltd. has released a newly
signed contract summary of RMB 5.87 billion and China CNR Co., Ltd. reported
RMB 4.47 billion newly signed contracts.
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