Shanghai Securities News reported that Daqin Railway wrote in a company filing it expects net profit in the first three quarters will grow 50%YoY from CNY 4.98 billion.

The Taiyuan Railway Bureau transferred the target assets that the company had purchased from it before August 31st which can be consolidated into the company 2010 financial statements.

Daqin Railway also purchased a stake in Shuohuang Company.

Daqin Railway 2010 net profit is expected to top CNY 10 billion.

(Sourced from Shanghai Securities News)