China Southern Car Beneficiary railway development net profit increased by 70% in the third quarter

NetEase Financial October 28 News China South Car issued three quarterly, July-September to achieve the ownership of the listed company's shareholders net profit of 702 million, the year-on-year increase of 69.93%, the basic earnings per share of 0.06 yuan. Operating income accumulated 43.1 billion yuan this year, a 46.78% increase from the previous year, net profit of 1.806 billion yuan.　　Mainly with the rapid development of China's rail transportation equipment manufacturing industry in recent years, the company actively seize the development opportunities, take full advantage of technology to enhance the advantages and expand the scale of business, which led to the reporting period of business income growth. January-September, the company's locomotive business income compared with the same period last year, the main reason is that with the development of China's high-speed and heavy-haul railways, market demand continues to rise sharply, thus driving locomotive income growth.