Guangshen Railway Announces 3Q 2011 Results

HONG KONG, Oct. 25, 2011 /PRNewswire-Asia/ -- Guangshen Railway Company Limited ("Guangshen Railway" or the "Company") (HKEx Share Code: 525; SSE Share Code: 601333; ADS Ticker Symbol:NYSE: GSH) today announced the unaudited operating results of the Company and its subsidiaries (the "Group") for the nine months ended September 30, 2011 (the "Period").

During the Period, under the PRC Accounting Standards, combined revenues from operation of the Group amounted to approximately RMB10,867 million, representing a year-on-year increase of approximately 10.01%. Net profit attributable to shareholders of the parent amounted to approximately RMB1,492 million, representing a year-on-year increase of approximately 20.16%. Basic earnings per share was RMB0.210 (Corresponding period of 2010: RMB0.175).

Guangshen Railway said, "In the first three quarters of 2011, China's economic operation looked sound in general. The Company optimized transportation resources and continuously stepped up its marketing efforts, and as a result the passenger and freight transportation businesses within the Company's service territory picked up steadily, and the Company's revenues from operation and net profits increased steadily. Looking ahead, the Company will capitalize on market opportunities; further improve its transportation efficiency and capacity; develop new growth points of passenger volume on Guangzhou-Shenzhen inter-city trains; strive to operate more long-distance trains which are profitable; and push forward the logistics development, market promotion and contract-out of the railway goods depot, with a view to enhancing the harmonious development of the Company and to ensuring a steady growth in operating results of the Company in the fourth quarter."

Guangshen Railway Company Limited was established in 1996. The H shares and ADS issued by the Company were listed on The Stock Exchange of Hong Kong Limited and the New York Stock Exchange respectively in May 1996. The Company is currently the only PRC railway enterprise with its shares listed overseas. In December 2006, the Company returned to the A share market and successfully listed its shares on the Shanghai Stock Exchange. The Company holds the sole operating rights of Guangshen Railway. The Company is mainly engaged in railway passenger and freight transportation businesses between Shenzhen, Guangzhou and Pingshi, long-distance passenger transportation services, and the Canton-Kowloon Through Train passenger transportation service in cooperation with MTR Corporation Limited in Hong Kong. As at June 30, 2011, the Company operated 231 pairs of passenger trains in accordance with its daily train schedules, including 110 pairs of Guangzhou-Shenzhen inter-city trains, 108 pairs of long-distance trains, and 13 pairs of Hong Kong through-trains (11 pairs of Canton-Kowloon Through Trains, 1 pair of Zhaoqing-Kowloon Through Train and 1 pair of Beijing (Shanghai)-Kowloon Through Train).

Please visit the following link for the Combined Statement of Profit Prepared in accordance with the PRC Accounting Standards (unaudited): http://www.prnasia.com/sa/attachment/2011/10/20111025174444702695.pdf

For further information, please contact:

SOURCE Guangshen Railway Company Limited

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