Summary：China Knowledge reported that China South Locomotive & Rolling Stock Co Ltd or CSR, the country largest manufacturer of rail vehicles posted CNY 1.07 billion net profit attributable to shareholders for the first quarter.

China Knowledge reported that China South Locomotive & Rolling Stock Co Ltd or CSR, the country largest manufacturer of rail vehicles posted CNY 1.07 billion net profit attributable to shareholders for the first quarter of this year reflecting a YoY decline of 13.31%.
In a statement, the Shanghai and Hong Kong listed firm said its earnings per share were CNY 0.09. Operating revenue reached CNY 19.2 billion in the first quarter of 2012 compared with CNY 20.19 billion the firm realized in the same period of 2011.
As of March 31 2012, the company had CNY 9.85 billion in total assets, whereas it had CNY 9.28 billion at the end of last year reflecting an increase of 6.13%.
CSR has secured a CNY 1.36 billion worth of order from MTR Corp to produce several 350 kilometre locomotives, the first one of which would be delivered in 2013 and start trial operation in 2015 in Hong Kong.
A person familiar with the matter said this was the first high speed rail vehicle order a mainland company acquired from Hong Kong.