Guangshen Railway Announces Results for the First Three Quarters of 2009 — Net Profit Reaches RMB1,008 Million

HONG KONG, Oct. 28 /PRNewswire-Asia/ — Guangshen Railway Company Limited
(“Guangshen Railway” or the “Company”) (HKEx Share Code: 525; SSE Share Code:
601333; ADS Ticket Symbol: GSH) today announced the unaudited operating
results of the Company and its subsidiaries (the “Group”) for the nine months
ended September 30, 2009 (the “Period”).

During the Period, under the PRC Accounting Standards, consolidated
revenues from operation realized by the Group amounted to approximately
RMB9,018 million, representing a year-on-year increase of approximately 3.75%.
Net profit attributable to shareholders of the parent amounted to
approximately RMB1,008 million (Corresponding period of 2008: RMB1,062
million). Earnings per share was RMB0.14 (Corresponding period of 2008:
RMB0.15). Net profit of the Company for the third quarter increased by 6.35%
year-on-year to RMB417 million.

Mr. He Yuhua, Chairman of the Company said, “Through adjusting the
organization of transportation and strengthening sales and marketing efforts
in its passenger and freight transportation services, the Company achieved
stable production and operation, thereby resulting in a slight increase in
revenues from operation for the first three quarters of 2009. Nevertheless,
net profit of the Company witnessed a slight decline year-on-year due to the
expansion of the Company’s operating scale which led to an increase in
operating costs.”

During the Period, the Company continued to push ahead the preparatory
work of its issuance of medium-term notes in the PRC. The issue of medium-term
notes, with an issue size of RMB4 billion in aggregate and a term of 5 years,
has been considered and approved at the 2008 annual general meeting of the
Company. The Company expects that if the medium-term notes is issued
successfully, it will enable the Company to reduce its interest expenses and
finance costs.

Looking ahead, Mr. He said, “With the continuous recovery of China’s
macro-economy, coupled with the roll-out of large railway construction
projects in China, the demand for railway passenger and freight transportation
services will re-climb. Under the backdrop of a favorable environment, the
Company will strive to develop its core business of railway transportation,
continue its efforts in sales and marketing on both the passenger and freight
transportation services, and stringently control costs and operating expenses,
with a view to creating good operating results.”

Guangshen Railway Company Limited was established in 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 respectively in May 1996. The Company
is currently the only PRC railway enterprise with its shares listed overseas.
In December 2006, the Company returned to the A share market and successfully
listed its shares on the Shanghai Stock Exchange. The Company holds the sole
operating rights of the Guangzhou-Shenzhen Railway, one of the most modern
railways in the PRC. The Company is mainly engaged in railway passenger and
freight transportation businesses between Shenzhen, Guangzhou and Pingshi,
long-distance passenger transportation services, and the Hong Kong Through
Train passenger service in cooperation with MTR Corporation in Hong Kong.

Please visit below link for the Consolidated Statement of Profit prepared
in accordance with the PRC Accounting Standards (unaudited):
http://www.prnasia.com/sa/attachment/2009/10/20091028965643.pdf

    For further information, please contact:

     Mr. Guo Xiangdong / Ms. Grace Deng
     Guangshen Railway Company Limited
     Tel: +86-755-2558-7920 / +86-755-2558-8146
     Fax: +86-755-2559-1480

     Ms. Edith Lui / Ms. Leona Zeng
     Rikes Hill & Knowlton Limited
     Tel: +852-2520-2201
     Fax: +852-2520-2241

SOURCE Guangshen Railway Company Limited