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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China’s Railway Freight Volume Up 3.6% YoY in Jan-May

Source: Ministry of Railways, ChinaScope Financial (Data)

+       Data released by the Ministry of Railways on June 6th shows that the total railway freight volume was 1.68 billion metric tons in the January-May period, up 3.6% year-on-year.

+       In the same period, railway passenger traffic was 761.6 million, up 2.7% year-on-year.

Passenger traffic growth is on an upward trend while freight traffic growth is yet to pick up.

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