China South Locomotive and Rolling Stock Corp Ltd (CSR), a government-backed company that has been battered after a deadly train accident last Saturday, announced late Wednesday that it has signed contracts worth of 6.89 billion yuan ($1.07 billion) to build subway and passenger vehicles.

The figure accounts for 10.6 percent of the company’s total revenue in 2010.

Shares of CSR declined about 12 percent in three days after the accident.