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Its operating turnover totaled 9.018 billion yuan in the first three quarters, registering a year-on-year growth of 3.75 percent. The operating profit of the company totaled 1.261 billion yuan in the period, down 2.73 percent year on year. The earnings per share (EPS) of the company marked at 0.14 yuan in the period.
Guangshen Railway's operating turnover in July-September amounted to 3.16 billion yuan, up 2.86 percent year on year. The operating profit totaled 522 million yuan, rising 9.55 percent year on year. The net profit attributable to parent company totaled 417 million yuan, up 6.35 percent year on year. The EPS in the period marked at 0.06 yuan.
The railway company said that its businesses were affected by the decline of railway transportation demand due to the international financial turmoil and the spread of the A/H1N1 flue.
The company managed to have a slight growth in operating turnover in the first three quarters through adjusting transportation and promoting sales. But as the operating scale of the company turned larger, the operating cost also saw a rise.
But along with the recovery of the economy, China's railway transportation demand is rebounding gradually. Guangshen Railway therefore obtained a positive growth of net profit in the third quarter.
Guangshen Railway meanwhile disclosed that it plans to issue five-year term notes of four billion yuan, which has already been approved on the general shareholders' meeting of 2008. The issuance is under preparation at present.
The following is a table showing Guangshen Railway's main business indicators for the first three quarters of 2009: Jan.-Sept. (2009) Jan.-Sept. (2008) Earnings per share (yuan) 0.14 0.15 Net assets per share (yuan) 3.22 3.14 Return on net assets (%) 4.41 4.78 Main operating turnover (million yuan) 9,017.5727 8,691.7956 Net profit attributable to group (million yuan) 1,007.8459 1,062.4102
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