Companies
China's biggest bullet train producer revenue top of the world
Updated: 2011-08-04 17:33
(Xinhua)
Twitter
Facebook
Myspace
Yahoo!
Linkedin
MixxBEIJING -- China South Locomotive and Rolling Stock Industry Group Corporation (CSR), the country's largest bullet train producer, reported nearly 40 percent surge in business revenue last year, the State-owned enterprises watchdog said Thursday.
According to the calculation of State-owned Assets Supervision and Administration Commission of the State Council (SASAC),the company's business revenue jumped 39.9 percent year-on-year to 66.8 billion yuan ($10.28 billion) in 2011.
The revenue dwarfed its Canadian rival Bombardier, to rank first in the rail transportation industry.
The company's profits jumped 60 percent to 3.55 billion yuan in 2010.
Specials
Space race
Homebuyers are learning the hard facts of supply and demand: too many cars and too few parking spaces.
Micro blogs popular
In the aftermath of the train crash, more than 20 million micro-bloggers demonstrated power.
Ancient plate broken
An ancient porcelain plate that was accidentally destroyed was an invaluable part of the Palace Museum's collection but not the best piece of its type.