China CNR Corporation Ltd, the country's second-biggest train maker, said

Wednesday that its net profits surged 55.16 percent year-on-year in 2011.

Earnings rose to 2.99 billion yuan ($474.2 million), or 0.36 yuan per share, in

2011, from 1.92 billion yuan, or 0.23 yuan per share, in 2010, CNR said in a

statement filed to the Shanghai Stock Exchange.

Revenues jumped 38.91 percent to hit 89.35 billion yuan, as the fast expansion

of the country's railway network boosted demand for the company's products,

according to the statement.

Sales of locomotives increased 23.78 percent to 18.47 billion yuan, while sales

of bullet trains more than doubled last year to reach 23.95 billion yuan.

CNR's shares slid 1.44 percent to close at 4.1 yuan on Wednesday.

 

 

China South Locomotive and Rolling Stock Corporation Ltd (CSR) announced Sunday

that one of its subsidiaries has secured an order of light rail vehicles from

Malaysia.

CSR Zhuzhou Electric Locomotive Co Ltd has won the bid for 20 sets of light rail

vehicles for Malaysia's AMPANG (AMG) Line Extension Project, according to CSR.

The company will deliver the first train in 33 months and the rest will be sent

within 51 months, CSR said.

The vehicles are each expected to carry a maximum of 1,308 people and run at a

speed of 80 km per hour.

CSR said that some of the vehicles will be assembled in Malaysia, the first time

for CSR to do so on foreign land.

The 27-kilometer AMG Line is one of the two lines in Kuala Lumpur Rail Transit

System network. Consisting of two sub-lines, it has 25 stations.

The latest export order follows news last month that CSR's high-end electric

multiple units (EMUs) exported to Malaysia have officially started running in

Kuala Lumpur.

 

 

 

China has signed a contract to provide high-speed trains to Bangladesh in a deal

that marks the first time for the export of China-made high-speed rail

technology, the Beijing Times reports.

Under the contract, China CNR Corporation Limited will assemble 20 high-speed

trains with a total of 60 cars for Bangladesh. The terms also require China to

supply 20 network control systems, 40 traction inverters and 40 auxiliary

inverters.

The deal is the first under which China will export its self-improved network

control systems and traction inverters after a long period of innovation and

improvements to high-speed train technology it originally imported. The move

indicates that China is able to compete in the area of high-speed rail

technology in the international arena.

Network control and traction systems are core high-speed train technologies.

Traction systems determine a train's stability and carrying capacity, while

network control systems direct the operation of the trains.

 

 

The China Post news staff --Taiwan High Speed Railway Corp. (THSRC), which runs

the bullet train service in Taiwan, reported yesterday its first ever annual

profit in five years of operations. But the company also acknowledged that there

has been a large operating deficit accumulated over the years. THSRC launched

the high-speed rail service five years ago with a combined operating loss of

NT$73.5 billion, caused mainly by heavy construction costs and interest burden.

But THSRC announced on its corporate website that the company generated a profit

of NT$5.78 billion in 2011 due to increasing customers and improvement in

administration to slash the total loss to NT$67.7 billion.

The financial performance represented the first banner year for the corporation

with significant improvement over 2010 which still saw an annual operating

deficit of NT$1.2 billion.

An executive of THSRC said the healthy corporate financial trend shows that

THSRC possesses the potential to continue to improve operations for greater

earnings in the years ahead in spite of the obligation of heavy interest

repayments.

He said that THSRC is required to repay about NT$8.8 billion annually over the

coming years as interest on its bank loans.

 

 

 

Shares of China CNR Corp, the country's second-largest train maker, gained after

media reported that Bangladesh will purchase key high-speed rail technologies

from the company's subsidiary.

As of 11 am, the company's stocks had climbed 0.97 percent to 4.15 yuan (66

cents) per share on the Shanghai Stock Exchange.

China CNR Corp's Dalian Electric Traction Research and Development Center will

export traction inverters and network control systems to Bangladesh, according

to the reports. This will be the first time for China to export its own traction

and network control systems, which are key technologies of such trains,

according to a Beijing Times article.

The contract contains 20 sets of high-speed rail network control systems, 40

sets of traction inverters and 40 sets of auxiliary inverters, the newspaper

said without mentioning how much the contract is worth.

China CNR is scheduled to release its financial report on April 28. It said in

January that it expected to see its net profit surge over 50 percent in 2011

from a year earlier, on China's booming railway and metro construction.

The profit estimate came despite the company's recall of a raft of trains after

a deadly accident last summer.

On July 23 of 2011, a high-speed train slammed into a stalled train near the

city of Wenzhou in the eastern province of Zhejiang, leaving 40 dead and 172

injured.

The company recalled 54 trains it supplied for the high-speed rail between

Beijing and Shanghai three weeks later. All the trains resumed service in

December after modifications and repeated tests, according to the Ministry of

Railways.

 

Some 7.2 million people are expected to travel by train on the last day of the

three-day Qingming Festival holiday, according to a statement released by

China's railway authority on Wednesday.

The press release on the website said people traveling during the holiday mostly

returning today, leading to a passenger number peak on the railways. The

railways department plans to put an extra 213 temporary trains into service, so

as to increase transport capacity and improve passenger services.

Statistics show that on Tuesday, the railway system handled 6.141 million

passengers, an increase of 568,000 passengers, or 10.2 percent compared with the

same day last year. Of those, 1.613 million travelled by high-speed train. A

total of 4,079 trains were operating on Tuesday, including 187 temporary trains.

Qingming Festival, a traditional Chinese holiday for mourning the dead, falls on

Wednesday this year, but the public holiday runs from Monday to Wednesday.

 

 

A Chinese engineer recently defended the country's high-speed railway

technology, dismissing safety concerns regarding the world's biggest high-speed

rail network.
"China's current high-speed railway technology can prevent head-on and rear-end

collisions," Wang Mengshu, chief engineer of the China Railway Tunnel Group,

said during an interview.

China's high-speed railways have come under scrutiny in recent months following

a deadly train collision that killed 40 people in east China last July.

Wang said management failures such as insufficient training for operators were

the major safety problems.

"A lack of training left operators at a loss when faced with a possible

accident," the engineer said.

Wang rejected suggestions that the railway network has expanded too fast,

stating that the total length of China's railways adds up to 91,000 km, just a

third of the total length in the US.

The engineer warned against halting high-speed railway construction, as it could

cause significant job losses.

Railway construction has generated jobs for more than 6 million migrant workers

and stimulated the growth of the steel, cement and other raw material sectors,

according to Wang.

The government has set a goal of building 120,000 km of railways by 2020. Wang

said that in order to meet the target, authorities must invest 600 billion yuan

annually in railway construction.

However, the Ministry of Railways announced in December that it plans to invest

400 billion yuan in railway infrastructure construction in 2012, down from 469

billion yuan in 2011 and a marked decrease from over 700 billion yuan in 2010.

Central China's city of Wuhan will open its first subway line by the end of this

year to ease traffic pressure, local authorities said.

       The first phase of Wuhan's Line 2 subway will cross under the Yangtze

river, connecting the city's Wuchang and Hankou districts.

        "Tunnels linking all 21 of the line's subway stations have been built

and construction on the stations' main structures has been finished," said Ma

Junrui, vice general manager of the Wuhan Subway Group.

        As a key transportation route in Wuhan, the line will handle half of the

city's cross-Yangtze traffic flow, easing gridlock on bridges over the country's

longest river. It is expected to transport at least 600,000 passengers daily by

2015.

       Building the line will cost a total of 14.9 billion yuan (2.37 billion

U.S. dollars).

        Wuhan lies at the intersection of the Han and Yangtze rivers. Its city

proper is divided into three areas by the rivers.

        Wuhan will build more subway lines over the next five years, bringing

the total length of its subway to 180 km, officials have said.

On the morning of March 27, Jia Qinglin, member of the CPC Central Committee

Political Bureau Standing Committee and chairman of the CPPCC National

Committee, visits CSR Sifang. Mr. Jia Qinglin fully affirms the achievements of

independent innovation, and points out that relying on independent innovation

technologies, CSR Sifang develops the world’s most advanced high-speed trains,

which is the pride of Chinese people and wins credit for China.

At 10 am of the same day, Mr. Jia Qinglin first comes to National High-Speed MU

Assembly Engineering and Technology Research Center and High-Speed Train System

Integration National Engineering Lab, and carefully listens to the reports of

chairman and party secretary Jiang Jing on the company’s development history,

technological innovation, operation achievements, CRH380A High-speed MU and

higher-speed test train development, high-speed rail quality and safety

inspection, and MU operation and strategy implementation. Mr. Jia Qinglin is

very concerned about the company’s development and during the inspection, he

carefully studies the company’s panel displays. He also exchanges with Jiang

Jing about the details of high-speed MU innovation process, orders, and aluminum

alloy body research and development.

At National High-Speed MU Assembly Engineering and Technology Research Center

and High-Speed Train System Integration National Engineering Lab, Mr. Jia

Qinglin carefully inspects the experimental vehicle rolling test bed, axle

fatigue test bed, bogie fatigue test bed, electromagnetic compatibility test

bed, car end relationship test bed and other critical test equipment. Mr. Jia

Qinglin is very concerned about the laboratory construction and its role in

independent innovation. He points out that the enterprise is the main body of

independent innovation, and the practice has proved that the central’s decision

is very correct. He hopes that the Ministry of Science and Technology, Ministry

of Railways and other ministries should increase investment in these areas. At

the high-speed MU Assembly Plant, Mr. Jia Qinglin seriously inspects the

production processes, carefully learns about the technological innovation of

high-speed bogies, and boards the higher-speed test train to check interior

facilities. On the manufacture scene of high-speed MU, he asks Jing Jiang and

general manager Wang Jun in detail about the energy indicators of 380A High-

speed MU.

Sun Huaishan, National CPPCC party secretary and deputy secretary general, Zhang

Zuoji, director of National CPPCC Economic Committee, Li Yizhong, Sun Yongfu,

Zhang Guobao, Li Deshui, deputy directors, Liu Fengyan, deputy director of the

National CPPCC Proposal Committee, Wang Xiaofeng, deputy director of the

National CPPCC Population Resources Environment Committee, Lu Changhua, deputy

secretary-general of the National Political Consultative Conference, Chen

Xiqing, deputy secretary general of the CPPCC National Committee and vice

minster of the Central United Front Work Department, Liu Jiayi, director of the

CPPCC National Committee Research Office, also participate in the inspection.

Jiang Yikang, secretary of the CPC Shandong Provincial Committee, Jiang Daming,

Shandong Provincial Governor, and Li Qun, secretary of the CPC Qingdao Municipal

Committee, accompany the inspection. 

Mr. Jia Qinglin makes an important speech before the conclusion of his visit. He

points out that he has been very concerned about China’s high-speed rail and

has listened to reports of Minister Sheng Guangzu on high-speed rail development

and MU operations. He learns more from this visit. As a core enterprise of CSR,

CSR Sifang made outstanding achievements in the revolutionary period and

construction period, as well as historic contributions to China’s railway

industry. During the revolutionary period, Wang Jinmei and other older

generation of revolutionaries visited here to guide labor movements. In the

early days of China, CSR Sifang generated 7 firsts and achieved development step

by step.

Mr. Jia Qinglin fully affirms the company’s development history and

achievements of introduction, digestion, absorption and innovation. He points

out that this century-old enterprise revived after the reform and opening up,

especially after the 16th Party Congress. In 2004, the central government made

major decisions to introduce 200km high-speed MU and implement the strategy of

introduction, digestion, absorption and innovation. Through unremitting efforts,

the company has mastered the key technologies for high-speed MU, achieved

constant innovation, original innovation, and integrated innovation, as well as

the effective combination of introduction, digestion, and absorption. The

central’s decision is made after the discussion of Central Standing Committee,

and he witnessed that history. The company just describes graphically the whole

innovation process and the path taken. relying on independent innovation

technologies, CSR Sifang develops the world’s most advanced high-speed trains,

which is the pride of Chinese people and wins credit for China. The achievements

are worthy of recognition. Mr. Jia also expresses his greeting to all staff for

hard work.

Jiang Jing, on behalf of the company, says that they will keep in mind of

Chairman Jia Qinglin’s inculcation to further strengthen the building of

independent innovation capacity and make greater contributions to national rail

transportation modernization and national economic and social prosperity and

development.

The entire leadership team members and some key employees of technology,

management and production welcome Mr. Jia Qinglin’s inspection and listen to

his important speech at National Engineering Research Center, Engineering Lab

and Manufacture Assembly Plant.

 

 

The type A metro vehicle of advanced technology, high capacity, comfort

experience will first run in Beijing subway line. On March 28, CSR Qingdao

Sifang Co., Ltd. and Beijing Subway Corporation sign a project involving 25 150

-car stainless steel subway vehicles which will run in subway Line 14 in

Beijing.

According to sources, the type A metro vehicle is a high-end product on behalf

of the advanced subway vehicle technology which is particularly suitable for

large-capacity level of subway lines. In China, Shanghai, Guangzhou, Shenzhen

and other cities have this type of metro vehicles. The signed Line 14 Type A

metro vehicle is equipped with lightweight, coating-less and stainless steel

body for the first time in type A metro vehicles in China, making it energy-

saving, environmental friendly, and aesthetic. The vehicle adopts advanced,

mature and reliable technologies and follows the latest European technical

standards of vehicle anti-collision, body’s strength and other properties. The

vehicle’s maximum operating speed is 80 km/h by using the pantograph current

collection. Each vehicle includes six cars which are about three meters longer

than Type B subway cars currently used in Beijing. The doors are also increased

from 8 pairs to 10 pairs, and the passenger capacity is nearly 500 people more

than the existing vehicles.

CSR Qingdao Sifang Co., Ltd. is an important R&D and manufacturing base of China

’s rail transportation equipment. Its high-speed MU, urban rail vehicles and

other products are highly acclaimed for leading technology and reliable

operation quality. In 2011, the company successfully exported 132 Type A metro

vehicles to Singapore, making China one of the countries with highest admittance

standards of world’s subway technology.

According to sources, Beijing Subway Line 14 is a major rail transportation

route connecting the northeast and southwest directions with lines in the three

districts of Fengtai, Chongwen, and Chaoyang. The total length is 47.3 km, and

it is positioned as a line of large capacity serving both central urban areas

and peripheral regions, aiming at relieving the traffic and guiding the

development.

It is reported that the first subway vehicle will be delivered in November this

year, and all vehicles will be delivered by May 2014.

 

 

 

On March 21, a reporter learns from CSR Ziyang that the company’s first six

locomotives exported to Australian SCT Company which owns independent

intellectual property rights and AC drive technology successfully pass the

traction performance test in Australia. The general manager of SCT sends a

congratulatory telegram to congratulate that CSR Ziyang’s dual-locomotive

dragging 8080 tons of cargo smoothly passes the largest ramp of Pimba Bank 1/100

higher than the technical requirements, passes the traction performance

assessment, and fully meets Australian Standard and customer specific

requirements. He praises that “Chinese locomotive is excellent”.

On January 8, 2012, after 13 months of research and development, 6 vehicles were

shipped at the Shanghai Port to Australia. On February 21, six vehicles

completed the preparedness work. On February 27, the tests of trunk line signal

compatibility, noise, vibration, and braking kicked off. On March 5, the

locomotive entry test was finished and the vehicles won on-line operational

qualification in Australia including ARTC, Railcorp, WestNet, GWA and other

entry qualifications of Australian rail regulatory agencies.

At 10 am of March 15, CSR001 and CSR002 locomotives start from Penfield Base of

Adelaide in South Australia, pulling 88 freight cars to Rankin Dam over 900km

away to perform the mine transport task of IMX. After cargo loading tasks in

Rankin Dam, the dual heavy locomotives tow 8080 tons of cargo from Rankin Dam at

8:30 am of March 16 and pass the maximum ramp of the Rankin Dam and Adelaide

line at 16:00 local time, which marks CSR Ziyang’s locomotives complete all

tests in Australia and will be officially delivered to customers for

transportation tasks.

In the meantime, a number of operating companies in Australia express interests

in the locomotive performance through different channels. Some companies clearly

state their purchase intents. More than 10 media of Australian rail industry

provide tracking reports on the entire delivery process from unloading the

locomotives to the final traction performance test.

According to sources, SCT Company will arrange the first batch of six

locomotives for IMX ore transportation, six train groups a week. The second

batch of four locomotives will be used for container transport from Adelaide to

Perth.

 

 

In the morning of February 6, 2012, the first batch of metro cars, manufactured

by China CNR for line A of Buenos Aires Argentina, delivery ceremony was held in

Shanghai China. Vehicles of yellow-grey outside and yellow-green interior are

showing the pampas style. These vehicles are expected to be arrived in late

April of this year in Buenos Aires Argentina.

 

 

 

 

China Chamber of Commerce for Import and Export of Machinery and Electronic

Products of Commerce Credit Evaluation Results News  Conferencewas held in

Beijing on March 9, 2012.  Vice Minister Mr. Jiang Yaoping, Officers from the

Ministry of Commerce and CCCME, representatives of A grade and above enterprises

and more than 20 news media attended the conference.
 
CCCME issued AAA Credit Grade is the highest commerce credit in the national

level of China. It is a certificate for the enterprise to enter the globe

market. Especially, CNR Import & Export Corp., Ltd. upgraded from AA to AAA

grade this time.

One of China's biggest online travel agencies will soon begin selling Taiwan

high speed rail passes asthe island prepares to welcome more independent Chinese

tourists.

Ctrip.com, which provides discounted travel services to over 14 million members,

will cooperate with Taiwan's ezTravel in offering the high speed rail pass to

"tap into the market of individual travelers to Taiwan," the report said.

Chinese nationals can already book the pass through a number of travel agencies,

according to Taiwan High Speed Rail Company (THSRC), and Ctrip.com will give

consumers an additional online outlet through which they can buy the pass.

The three-day and five-day passes, priced from 525 Chinese yuan (US$83.15),

allow ticket holders to take trains on the high-speed rail line within the

designated time periods as many times as they want and between any of its eight

stations, the report said.

The pass, which offers passengers savings of roughly 30-50 percent from regular

fares, is available to all foreign nationals who reside outside of Taiwan, the

company said.

The Free Independent Traveler (FIT) program, which is currently restricted to

residents of Beijing, Shanghai and Xiamen, will be open to people who live in

Tianjin, Chongqing, Nanjing, Guangzhou, Hangzhou and Chengdu beginning April 28,

the Mainland Affairs Council said earlier this month.

Travelers from Jinan, Xian, Fuzhou and Shenzhen will also be allowed to visit

Taiwan without having to be part of a tour group sometime this year, the council

said.

  

 

 

On March 21, the 138-vehicle Subway Contract of Wuxi Subway Line 1 including

traction system Project is signed in Wuxi. A year later, Wuxi people will be

able to experience high-end metro vehicles carefully developed by CSR which

highlight Wuxi’s unique culture and urban characteristics. Vehicles of Wuxi

Metro Line 1 are manufactured by CSR Zhuzhou Locomotive Co., Ltd. CSR Zhuzhou.

CSR Zhuzhou Institute Co., Ltd. CSR ZELRI and CSR Zhuzhou Electric Motor Co.,

Ltd.     CSR Motor provide the traction drive system. The first train will be

delivered in around March 2013, and all vehicles will be delivered by June 1,

2014.

Zheng Changhong, President of CSR, Zhang Jun, Vice President of CSR, Xu

Zongxiang, executive director and general manager of CSR Zhuzhou, Ding Rongjun,

executive director and general manager of CSR ZELRI, Xu Hongchun, general

manager of CSR Urban Rail Division, He Jianbo, Vice Mayor of Zhuzhou City,

together with Xu Jie, member of Wuxi Municipal Standing Committee, Zhang Yefei,

member of Wuxi Municipal Standing Committee and Secretary-General, Xu Zheng,

Chairman of Track Company, etc. attend the ceremony.

At the signing ceremony, Xu Zheng gives an introduction to the rail traffic in

Wuxi City. In the subsequent speech, he expresses his belief that CSR can do a

good job of vehicle design, quality, and schedule, and build the secure, quality

and technological subway for Wuxi citizens.

Zheng Changhong states that CSR attaches great importance to this emerging

market in Wuxi, and sincerely looks forward to the long-term cooperation of two

sides in rail transportation and manufacturing projects. CSR will convergence

expert workers to implement the project. After careful planning and meticulous

organization, CSR will build high-quality human metro vehicles to give back to

the support and trust of the citizens in Wuxi and serve Wuxi’s rail transit

construction.