China train makers' profits slump Companies ch

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PostPosted: Mon Jan 09, 2012 4:50 am    Post subject: China train makers' profits slump Companies ch Reply with quote

2011-10-31 10:04:43.0China train makers' profits slumptrain producers,CSR,モンクレールのジャケット, CNR,financial results11022002Companies2@webnews/enpproperty-->
BEIJING-- China's two largest train producers CSR and CNR,モンクレールメンズ, posted disappointing financial results Saturday,doudoune moncler,afterward July's fatal train collision inspired the nation apt put the brakes aboard quickly development of its railways.
The latest quarterly statements of CSR and CNR,ダウンジャケットモンクレール, posted aboard the Shanghai Stock Exchange website, showed namely the two enterprises underwent much slower growth alternatively even declines among net profits amid the third 15 min of 2011.

The net profits of CSR Corp Ltd, China's biggest train contractor gained only nine.66 percent year-on-year apt approximate 772.61 million yuan almost $122.1 million),compared with one add of 85.08 percent,or 2.04 billion yuan,amid the 1st half of this annual.

China CNR Corp Ltd, the country's No 2 train producer reported a 12.98 decline among net profits to 589.29 million yuan amid the third 15 min compared with one upsurge of 145.03 percentage,alternatively 1.six billion yuan among the 1st half of the daily.

The lackluster reports followed the Chinese government's steps apt slash train services aboard high-speed rail links -- including the flagship Beijing-Shanghai line -- over safety concerns subsequently a train accident approach the Asian metropolis of Wenzhou aboard July 23 killed 40 folk and injured 210 others.

CSR manufactured the trains involved within the chance.

In its wording CNR mentioned it had completed the nailing of 54 bullet trains formerly recollected aboard the Beijing-Shanghai high-speed line for safety reasons.

"Delivery programs are below access CNR mentioned adding the recalls ambition have mini impact on the company's operational results amid 2011 additional than supplement testing and maintenance fees.

The Chinese government's decision to slow the evolution of high-speed rail lines has led to halts among construction of almost 90 percent of ongoing railway projects,louis vuitton,or 10,000 km of rail lines across the nation the Beijing Times quoted Wang Mengshu,agent capital engineer of the China Railway Tunnel Group, as saying on Saturday.
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