Guanshen Railway (GSH)

[Investorman]

Guangshen Railway Announces Results for the First Three Quarters of 2007
Thursday October 25, 9:03 am ET

Net Profit Reaches RMB1,136 Million


HONG KONG, Oct. 25 /Xinhua-PRNewswire-FirstCall/ -- Guangshen Railway Company Limited ("Guangshen Railway" or the "Company") (HKEx: 525; SSE: 601333; ADS: GSH) today announced the unaudited operating results of the Company and its subsidiaries (collectively, the "Group") for the nine months ended September 30, 2007 (the "Period").
During the Period, under the PRC Accounting Standards for Business Enterprises, the Group realized a consolidated revenue from operation of RMB7,442 million and a net profit of RMB1,136 million. Earnings per share was RMB0.16. The board of directors is satisfied with the Group's results for the first three quarters.

Mr. He Yuhua, Chairman of the Company said, "Following the Company's completion of the acquisition of the railway transportation assets of the Guangping Line during the beginning of the year, the entire asset scale, revenues from operation and service territory of the Group during the Period have been significantly expanded. Moreover, with the completion and opening on April 18, 2007 of the Fourth Rail Line between Guangzhou and Shenzhen, which the Company invested in and constructed, the Guangzhou-Shenzhen railway has become the PRC's first wholly-fenced railway with four parallel lines. Accordingly, passenger and freight transportations between Guangzhou and Shenzhen are allowed to run on separate lines, thereby effectively enhancing the integral transportation capacity of the Group's Guangzhou-Shenzhen line. As a result, the Group's operational capacity has been improved significantly."

Looking forward, Mr. He said, "With China's economy maintaining stable and rapid growth, as well as deepening reforms and development of the railway sector, the Group will benefit from excellent opportunities for its business development. Looking ahead, the Group will take full advantage of the opportunities arising from the acquisition of the Guangping railway transportation business, optimizing and consolidating the Group's railway transportation resources, and making the most out of the resulted economies of scale, thereby further enhancing the Company's integral competitiveness and overall operating results."