China Railway : RESULTS ANNOUNCEMENT FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2016

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中國中鐵股份有限公司

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

The Board of Directors of China Railway Group Limited (the "Company") announces the unaudited results (the "Third Quarterly Results") of the Company and its subsidiaries for the third quarter ended 30 September 2016 (the "Reporting Period"), which have been prepared in accordance with the Accounting Standards for Business Enterprises of the PRC. This announcement is made in accordance with Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

1. IMPORTANT NOTICE

2. The Board of Directors and the Supervisory Committee of the Company and its directors, supervisors and senior management warrant that there are no false presentations or misleading statements contained in, or material omissions from, this report, and severally and jointly accept legal responsibility for the authenticity, accuracy and completeness of the information contained in this quarterly report.

3. All the directors of the Company attended the Board meeting and have reviewed the quarterly report.

4. Mr. LI Changjin, person in charge of the Company, Mr. YANG Liang, person in charge of accounting affairs and Mr. HE Wen, person in charge of the accounting department (head of accounting), hereby warrant the authenticity, accuracy and completeness of the financial information contained in this quarterly report.

5. The third quarterly report of the Company has not been audited.

6. MAIN FINANCIAL DATA AND CHANGE IN SHAREHOLDERS OF THE COMPANY
7. Main Financial Data

Unit:'000 Currency: RMB

At the end of the Reporting Period At the end of the previous year Change compared with previous year

(%)

Total assets 735,583,727 713,667,705 3.07

Net assets attributable to the equity holders of

the Company 137,516,184 130,586,987 5.31

From the beginning of the year to the end of the Reporting Period (January to September) From the beginning of the previous year to the end of the previous reporting period (January to September) Change compared with the same period of previous year

(%)

Net cash generated from

operating activities 148,632 -9,716,985 N/A

From the beginning of the year to the end of the Reporting Period (January to September) From the beginning of the previous year to the end of the previous reporting period (January to September) Change compared with the same period of previous year

(%)

Revenue 441,755,675 430,183,900 2.69

Net profit attributable to the

equity holders of the Company 9,245,403 7,908,431 16.91

Net profit attributable to equity holders of the Company excluding non-recurring

gains and losses 8,845,179 7,407,255 19.41

Weighted average net assets

yield (%) 7.56 7.15

Increased by 0.41 percentage point

Basic earnings per share

(RMB/share) 0.390 0.344 13.37

Diluted earnings per share

(RMB/share) N/A N/A N/A

Non-recurring profit and loss items and amount:

• Applicable □ Not Applicable

Unit:'000 Currency: RMB

Item Reporting Period (July to September) From the beginning of the year to the end of the Reporting Period (January to September)

Gains or losses from the disposal of

non-current assets 27,805 7,458 Government grant as included in profit

and loss of current period, other than
those closely relating to business of
company and subject to a fixed amount or
norm under the national policy	40,541	300,602
Fund usage fees received from non-financial
enterprises as included in profit and
loss of current period	6,109	83,256
Debt restructuring gains or losses	0	73,491
Gains or losses on changes in fair value
arising from held-for-trading financial
assets and held-for-trading financial
liabilities (excluding the valid hedging
business relating to the Company's
business), as well as investment gains
from disposal of held-for-trading financial
assets, held-for-trading financial liabilities
and available-for-sale financial assets	-6,940	47,381
Other net non-operating income and
expenditure	23,295	-131,463
Other non-recurring profit and loss items	137,178	153,284
Impact of income tax	-76,031	-133,502
Impact of minority interests (after tax)	2,444	-283

Total 154,401 400,224