Guangshen Railway Announces 2013 Annual Results

Looking ahead to 2014, the Company said, "In the long term, the railway transportation industry is expected to undergo a new period of development, where the capacity for railway passenger and freight transportation will grow. As the PRC maintains stable growth, the State's high-speed railway network, with four East-West Lines and four South-North Lines and numerous inter-city railways, will complete its construction and commence operation. The marketization reform of the railway industry will also be intensified. Further, the competitive structure of the railway transportation industry is expected to undergo substantial changes in the future, with more intense competition not only from other industries such as highway, aviation and water transportation industries, but also within the industry itself.

"Under the sound leadership of the Board, the Company will leverage the historic opportunity of extensive railway construction and proactively adapt to the railway system reforms, to establish a steadfast foothold in the Pan Pearl River Delta. Further, the Company will enhance its business portfolio centered around railway passengers and freight transportation, complemented by the railway-related businesses. With an eye to become a top-notch railway transportation services enterprise in the PRC of increased scale and enhanced strengths, the Company will also focus on improving service quality as well as management innovation and technology innovation."

With respect to its passenger transportation business, the Company will strive to enhance the operational plan of Guangzhou-Shenzhen inter-city passenger trains, to expedite the construction of the Pinghu inter-city passenger transportation station. It will spare no effort to further explore new growth opportunities for the Guangzhou-Shenzhen intercity passenger trains. The Company will also fully leverage on the transportation potential of Dongguan station and Shenzhen East station to enhance the operational plan of long-distance trains in the Dongguan and Shenzhen regions, step up marketing for the passenger transportation services of the Canton-Kowloon Through Trains in response to rising numbers of Mainland visitors to Hong Kong, improve the hardware for passenger transportation services as well as raise the quality of passenger transportation services to cater to travelers' needs.

With respect to freight transportation, the Company will step up the reforms of freight transportation organization to promote the expansion of a fully open and demand-oriented freight business, which is driven by logistics and a market-centric orientation. The Company will also identify emerging freight transportation markets and improve the competitiveness of the railway on the high value-added freight transportation market.

For the 2013 Annual Results Main Accounting Data, please visit: http://photos.prnasia.com/prnk/20140327/8521401803

About Guangshen Railway Company Limited

Guangshen Railway Company Limited was established in March 1996. The H shares and ADS issued by the Company were listed on The Stock Exchange of Hong Kong Limited and the New York Stock Exchange in May 1996. In December 2006, the Company returned to the A share market and successfully listed its shares on the Shanghai Stock Exchange. The Company is currently the only PRC railway enterprise with its shares listed on the Shanghai, Hong Kong and New York stock exchanges. The Company is engaged in the railway passenger business between Shenzhen, Guangzhou and Pingshi, providing Guangzhou-Shenzhen inter-city train service, long-distance passenger transportation service, freight transportation service, and the Hong Kong Through Train passenger service in cooperation with MTR Corporation in Hong Kong, as well as entrustment transportation service for other domestic railway companies. As at December 31, 2013, the Company operated 229 pairs of passenger trains in accordance with its daily train schedules, including 105 pairs of Guangzhou-Shenzhen trains (includes 19.5 pairs of spare trains), 13 pairs of Hong Kong Through Trains (Canton-Kowloon Through Train: 11 pairs, Zhaoqing-Kowloon Through Train: 1 pair and Beijing (Shanghai)-Kowloon Trough Train: 1 pair), and 111 pairs of long-distance trains.

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SOURCE Guangshen Railway Company Limited