Dec 29 - Launch of New Railway Lines Will Boost High-Speed Train Procurement

Source: China Securities Journal, ChinaScope Financial (Data)

+    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.

+    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.

+    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.

+    Related Data: Revenue by Product, Sales volume, Newly Signed Contracts

+    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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