South car rises 2% new locomotive production delivery boost earnings forecasts

The morning market rose nearly 5% of China's south car h shares fell to the consolidation, the share price rose 2.26% to HK $4.07 a half, 23.8829 million shares. China South Car A shares (601766-CN) half a half-day fell slightly 0.22% to 4.63 yuan. According to the Securities Daily reported that China Southern Car subsidiary company developed a harmonious 5-type high-power AC drive diesel locomotive, has been delivered to the operation, the locomotive for the technical cooperation with the United States GE production, is China's most new generation of Green diesel locomotive. After entering the mass production and operation, it will gradually become the main type diesel locomotive of China Railway trunk freight. At present, the Harmony 5 locomotives have been scheduled to hand over 8 units early this month, before the end of this month will be handed over 23 units. Thus the Harmony 5 locomotive officially entered the stage of mass production and vehicle delivery. The production and delivery of a new generation of locomotives will boost China's southern vehicle profitability forecasts because of the higher technology content and the better profitability of the product, which is conducive to the continued technological leadership and monopolistic position in the industry.