China CNR: CNY 3.49 Bn Worth of Contracts Signed Recently

Source: Company Disclosure, ChinaScope Financial (Data)

+       China CNR Co., Ltd. (601299.SH) announced on July 18 that the company has signed a number of major contracts recently with a total value of CNY 3.49 billion, which accounts for approximately 3.94% of its operating revenue from core business in 2011.

The downward trend of China Northern Railway’s revenue growth might be reversed by the new contract.

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