HONG KONG, March 26, 2013 /PRNewswire/ -- Guangshen Railway
Company Limited ("Guangshen Railway" or the "Company") (HKEx Share
Code: 525; SSE Share Code: 601333; American Depositary Shares
("ADS") Ticker Symbol: GSH) today announced the audited operating
results of the Company and its subsidiaries (the "Group") for the
twelve months ended December 31, 2012
(the "Period").
During the Period, operating revenue of the Company reached
RMB15,092 million, an increase of
2.73% year-on-year. Profit attributable to equity holders amounted
to RMB1,319 million. Basic earnings
per share came to RMB0.19. The board
of directors of the Company recommends a final dividend of
RMB0.08 for 2012 (2011: RMB0.10 per share), accounting for 42.11% of the
basic earnings per share of this year.
Guangshen Railway said, "In 2012, the PRC economy has slowed due
to the combined influence of complicated and changing domestic and
overseas market conditions. Facing lower demand in the railway
transportation industry and the unfavorable operating environment
caused by the dilution in the client base by Express Rail Links,
the management strictly upheld the Company's operating objectives,
accelerated migration of operation development mode, vigorously
improved infrastructure safety proactively promoted the strategy of
diversified operation, stepped up regulation of operation
management, strived to enhance the quality of services, and
stimulated the Company's healthy development."
During the Period, the Company recorded passenger delivery
volume of 84.5987 million persons, marking a year-on-year decrease
of 6.86%. Revenue from passenger transportation decreased by 2.31%
year-on-year to RMB 7,841 million.
The passenger delivery volumes of Through Trains increased 2.75%
year-on-year to 3.7641 million, and the passenger volumes of
long-distance trains amounted to 45.0504 million, a year-on-year
decrease of 6.38%. Through Trains and long-distance trains realized
revenues of RMB 4,987 million and
RMB 480 million, respectively,
marking year-on-year increases of 0.57% and 4.16%. The passenger
delivery of Guangzhou-Shenzhen trains decreased by 8.35% to 35.7841
million, realizing revenue of RMB 2,374
million.
The lower passenger delivery volume and revenue of Guangzhou-Shenzhen intercity trains were mainly due to
the decrease in number of trains in operation due to some CRHs
being successively sent back to depot for inspection and repair as
they reached the repair level for phase 4 repair project, leading
to a more significant decrease in the transportation capacity of
inter-city trains. In addition, more stringent controls on
passenger train overloading and the opening and operation of the
Beijing-Guangzhou High-speed Railway also reduced and diluted a
portion of the Company's client base.
During the Period, freight tonnage (outbound and inbound) was
62.6711 million tonnes, a dip of 8.78% year-on-year and generating
revenue of RMB1,344 million, down
3.07% year-on-year. The dip in freight tonnage was mainly due to
the weak economic recovery in the U.S., Europe and other developed countries, as well
as slower economic growth in China, leading to lower freight volumes
delivered by railway transportation. In addition, the commencement
of operations of the Yiyang-Zhanjiang section of railway had
diluted a portion of demand for freight transportation through the
Beijing-Guangzhou Railway.
Revenue from railway network usage and services and other
transportation services rose by 14.91% year-on-year to RMB4,891 million. The higher revenue from railway
network usage services was mainly due to the increase in the number
of long-distance trains operated by other railway bureaus
(companies) that ran to or ran through various stations within the
Company's railway tracks, and the increase in the unit settlement
price for railway locomotive traction fees in China. The increase in revenues of railway
operation services was mainly due to the rise in the provision of
services to WGPR and GZIR, as well as the commencement to provide
railway operation services to GSHER from December 26, 2011.
Looking forward into 2013, the Company said, "Despite the
complex internal and external economic environment in China, driven by earlier austerity measures
aimed at 'stable growth' and a new government focus on promoting a
new batch of economic reforms, the domestic economy is likely to
continue on its upward growth trajectory from the fourth quarter of
2012, and will continue to sustain steady growth. The Group's
railway passenger and freight operations will also grow steadily
amid the economic rebound and with the growing demand for passenger
and freight transportation after the High-speed Railway is in
operation after the completion of the railway network. The Company
will maintain its focus on the Greater Pearl River Delta region,
continue to enhance and optimize its business matrix, will have
passenger and freight delivery as its core business and railway
extension as a subsidiary business, and will improve service
quality to realize the Company's development target of 'Being
Great, Being Strong'."
In the area of passenger transportation, in view of new market
deployment after Guangzhou-Shenzhen-Hong Kong Express Rail
Links commenced operation, the Company will increase the marketing
efforts for the Guangzhou-Shenzhen section of passenger transportation,
enhance the operating plan of Guangzhou-Shenzhen section, expedite the establishment
of new inter-city passenger transportation business at Pinghu
stations. On the other hand, we will leverage on the opportunities
brought by the completion of reconstruction and commencement of
operation of Shenzhen East station in order to enhance the
operating plans for long-distance trains in the Shenzhen region, and improve the
transportation capacity and transportation efficiency of
long-distance trains.
In the area of the freight business, the Company will fully
capitalize the opportunities of release of the freight
transportation capability of Beijing-Guangzhou line, optimize and consolidate the
freight transportation resources within the channel, research and
innovate new model of freight transportation operation, introduce
new marketing systems, and promote the logisticization and
marketization of the freight yards. Meanwhile we will advance the
reform of freight transportation organization, build an e-commerce
platform for freight transportation, adjust the model of services
and to enhance the quality of service.
For the 2012 Annual Results Main Accounting Data, please visit:
http://www.prnasia.com/sa/attachment/2013/03/20130326213057305687.pdf.
About Guangshen Railway Company Limited
Guangshen Railway Company Limited was established in
March 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 in May 1996. In December
2006, the Company returned to the A share market and
successfully listed its shares on the Shanghai Stock Exchange. The
Company is currently the only PRC railway enterprise with its
shares listed on the Shanghai,
Hong Kong and New York stock exchanges. The Company is
engaged in the railway passenger business between Shenzhen, Guangzhou and Pingshi, providing Guangzhou-Shenzhen inter-city train service,
long-distance passenger transportation service, freight
transportation service, and the Hong Kong Through Train passenger
service in cooperation with MTR Corporation in Hong Kong, as well as entrustment
transportation service for other domestic railway companies. As at
December 31, 2012, the Company
operated 233.5 pairs of passenger trains in accordance with its
daily train schedules, including 105 pairs of Guangzhou-Shenzhen trains (includes 19 pairs of spare
trains), 13 pairs of Hong Kong Through Trains (Canton-Kowloon
Through Train: 11 pairs, Zhaoqing-Kowloon Through Train: 1 pair and
Beijing (Shanghai)-Kowloon Trough Train: 1 pair), and
115.5 pairs of long-distance trains.
For further enquiries, please contact
Guangshen Railway Company Limited
|
Hill +
Knowlton Strategies Asia
|
Mr. Guo
Xiangdong
|
|
Ms. Cindy
Shi
|
|
Tel:
(86755) 2558 8150
|
Tel:
(852) 2894 6372
|
Fax:
(86755) 2559 1480
|
Email:
cindy.shi@hkstrategies.com
|
Ms. Grace
Deng
|
|
Ms.
Lucinda Mao
|
|
Tel:
(86755) 2558 8150
|
Tel:
(852) 2894 6254
|
Fax:
(86755) 2559 1480
|
Email:
lucinda.mao@hkstrategies.com
|
SOURCE Guangshen Railway Company Limited