Yes, they reported earnings today. Irony is that press release makes everything sound great. However, go to Bloomberg. The earnings estimate for the ADR was 23 cents. They earned 20 cents- they missed their estimate by 3 cents!!! The stock should be down today, but nobody knows they missed the estimate!!
From Yahoo NewsGuangshen Railway Announces 2007 Annual Results Wednesday April 23, 8:25 am ET Net Profit Surges 85.5% to RMB1,431 Million -- Total revenues amounted to RMB10,509 million, an increase of 192.4% as compared to 2006 -- Profit from operation amounted to RMB1,765 million, an increase of 82.9% -- Profit attributable to equity holders amounted to RMB1,431 million, an increase of 85.5%.
Sounds great, BUT, earnings were increased by; Shutdown of highway making travel by train a necessity, and acquisition of another rail company. The shares here have been diluted beyond belief. Did you check EARNINGS PER SHARE?