CHINA Railway's first A-share listed company, Tielong Container Logistics Co Ltd, has posted six per cent net profit decline year on year to CNY34 million (US$5.5 million), despite a 4.57 per cent increase in revenue to CNY3.41 billion in the first nine months of 2013, reports China Securities.

Tielong Container Logistics general manager Yu Qingxin said the company plans to develop itself into a national and network-based modern logistics enterprise taking advantages of the railway network.

The company has established long-term cooperation with nearly 100 well-known enterprises such as Sinopec, PetroChina, Angang Steel, Yingkou Port, Dandong Port, Changyu Group and Xinfa Group. It can provide services for tank containers, dry bulk containers and reefer boxes.