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As of 2:05 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

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10/24/14 - CNY6.85
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china cnr corp ltd-a (601299) Details

China CNR Corporation Limited is engaged in the research, development, design, manufacture, refurbishment, overhaul, and service of locomotives and rolling stock in China and internationally. Its products include electric and diesel locomotives; high-speed trains; multiple units; metro cars; mass transit vehicles, such as trams and light rail vehicles; coaches; open-top, covered, hopper, flat, side dump, tank, and special wagons; and track machinery. The company also offers rail components, such as motors and generators for locomotives, urban rail vehicles, oil drilling machines, mining machinery, metallurgical machinery, and wind-driven generators; and electric control equipment, locomotive components, vehicle components, castings, and forgings, as well as other products, including wind generators, oil drilling rigs, and railway cranes. China CNR Corporation Limited was founded in 1881 and is headquartered in Beijing, China.

Founded in 1881

china cnr corp ltd-a (601299) Top Compensated Officers

President, Executive Director, Member of Nomi...
Total Annual Compensation: CNY919.0K
Chief Economist
Total Annual Compensation: CNY494.0K
Chairman of the Supervisory Committee
Total Annual Compensation: CNY712.0K
Total Annual Compensation: CNY643.0K
Total Annual Compensation: CNY617.0K
Compensation as of Fiscal Year 2013.

china cnr corp ltd-a (601299) Key Developments

China CNR Corporation Limited, Board Meeting, Dec 18, 2014

China CNR Corporation Limited, Board Meeting, Dec 18, 2014. Agenda: To discuss and approve issues including the proposal of continuing to apply for entrusted loan to China North Locomotive and Rolling Stock Industry (Group) Corporation; to discuss the proposal of increasing capital in CNR MA Corporation with CNR Changchun Railway Vehicles Co., Ltd. and Tangshan Railway Vehicle Co., Ltd.; and to discuss the proposal of jointly contributing to establishing CNR CPI Rail Equipment Co., Ltd. in Belarus by CNR Datong Electric Locomotive Co., Ltd. and China National Electric Import & Export Corp.

Chinese Consortium Reportedly Offers To Acquire AnsaldoBreda

Chinese consortium led by United Mechanical & Electrical Co.,Ltd. (SZSE:000925) and a new partner filled a binding offer to acquire 100% of AnsaldoBreda S.p.A. from Finmeccanica SpA (BIT:FNC), Italian daily Il Sole 24 Ore reported, citing reliable financial sources. China CNR Corporation Limited (SHSE:601299) had pulled out the consortium. The report stated that other bidder, Hitachi Ltd. (TSE:6501), has not submitted a binding offer by the December 15, 2014 deadline. Finmeccanica had invited the two bidders to file binding offers for AnsaldoBreda and Ansaldo STS SpA (BIT:STS). Finmeccanica is expected to hold a board of directors meeting on December 18, 2014 or December 19, 2014 to decide on the buyer. The Chinese binding offer contains the word "merger" and offer also includes a business plan to keep all jobs at both AnsaldoBreda and Ansaldo STS, along with investment in both companies in the coming years, the report stated.

Hitachi Reportedly Looks For Alternative To Finmeccanica's Asset Purchase

Hitachi Ltd. (TSE:6501) is looking for alternative to Finmeccanica SpA (BIT:FNC) asset acquisition. On December 6, 2014, Corriere della Sera reported that the company is examining possible alternative acquisitions of rail assets in Europe in case its plans to buy Finmeccanica's AnsaldoBreda S.p.A. and Ansaldo STS SpA (BIT:STS). On November 17, 2014, Finmeccanica received a non-binding offer from Hitachi for AnsaldoBreda and a stake in Ansaldo STS, which are being sold by Finmeccanica. According to the report, Hitachi did not like Finmeccanica's decision to allow a Chinese alliance back into the bidding game. A Chinese consortium led by China CNR Corporation Limited (SHSE:601299) was the other bidder shortlisted in the race, but by the November 17, 2014 deadline only Hitachi was the one to have submitted an offer. CNR Corporation later pulled out and Insigma Technology Co., Ltd. (SHSE:600797) confirmed that its interest and found another bidding partner, Chengdu Xinzhu Road&Bridge Machinery Co., Ltd (SZSE:002480), Corriere della Sera reported. Hitachi is now looking for an alternative rail asset acquisition in Europe, with Vossloh AG (DB:VOS) as well as Newag Spólka Akcyjna (WSE:NWG) and Construcciones y Auxiliar de Ferrocarriles, S.A. (CATS:CAF) reportedly being eyed by the Hitachi. The report citing sources as saying added that Finmeccanica's Chief Executive Mauro Moretti and his closest aides are waiting for an alternative offer for AnsaldoBreda and Ansaldo in the coming days. La Repubblica reported that some see the return of the Chinese as a move by Finmeccanica aimed at raising Hitachi's offer. It also mentioned that Hitachi is said to be ready to take up the company's debts and the future restructuring. Finmeccanica is expected to decide on whom to sell AnsaldoBreda and Ansaldo STS to by the end of 2014.


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Valuation 601299 Industry Range
Price/Earnings 12.3x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 11.3x
TEV/Sales 0.1x

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