Company type | state-owned enterprise | ||||||
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Industry | Manufacturing, real estate | ||||||
Predecessor |
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Founded | 2015 | ||||||
Founder | SASAC | ||||||
Headquarters | Beijing , China | ||||||
Area served | China, export worldwide | ||||||
Key people | Liu Hualong (Chairman & Party Committee Secretary) [1] | ||||||
Products |
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Revenue | CN¥233.093 billion (2016) | ||||||
CN¥ 14.382 billion (2016) | |||||||
CN¥ 5.715 billion (2016) | |||||||
Total assets | CN¥358.871 billion (2016) | ||||||
Total equity | CN¥ 63.259 billion (2016) | ||||||
Owner | Chinese Government (100%) | ||||||
Subsidiaries |
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Chinese name | |||||||
Simplified Chinese | 中国中车集团有限公司 | ||||||
Traditional Chinese | 中國中車集團有限公司 | ||||||
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Alternative Chinese name | |||||||
Simplified Chinese | 中车集团 | ||||||
Traditional Chinese | 中車集團 | ||||||
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Website | crrcgc.cc | ||||||
Footnotes /references in consolidated financial statement [2] |
CRRC Group Corporation,known as CRRC Group,is a Chinese state-owned holding company,direct parent company of CRRC and 32 other subsidiaries;if including second-tier subsidiaries,the holding company is the head of 112 legal entities (as in 2016). [3]
The predecessors of the holding company:CNR Group and CSR Group,were formed in 2002 by splitting China National Railway Locomotive &Rolling Stock Industry Corporation (LORIC),a corporation under the Ministry of Railways. [4] : 70
The control of CNR Group and CSR Group were also transferred from the Ministry of Railways to the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) in the same year, [4] : 70 became duopoly in locomotives and rolling stock manufacturing. In 2000s,CNR,CSR,Zhuzhou Times New Material Technology (2002) [5] and Zhuzhou CSR Times Electric (2006) [4] were spin-off from the groups as listed companies.
In 2015,as part of the reform of the whole railway industry,which saw the closure of the Ministry of Railways and spin-off the China Railway as operator and purchaser,the National Railway Administration as regulator,the two duopoly also merged back into one holding company under the SASAC,by CNR Group absorbing CSR Group,and renamed into CRRC Group;their two main listed subsidiaries were also merged to form CRRC (excluding CRRC Times Electric and Times Material Technology).
In 2017,CRRC Group was reincorporated from "Industrial Enterprises Owned by the Whole People" (Chinese :全民所有制工业企业) to state-owned limited company (国有独资公司),renaming from 中国中车集团公司 to 中国中车集团有限公司. [6]
The main activity of CRRC Group is holding company,as well as equity investments via CSR Investment Management,CRRC Group Capital Holdings and CRRC Industrial Investment. [7] Most of the other subsidiaries were the original legal entities of the factories that under CNR and CSR Groups,which after the initial public offering of the two listed flagship subsidiaries,as sub-holding companies for auxiliary assets that were not listed. However,CRRC Group also contained a shipbuilding subsidiary CNR Ship &Ocean Engineering Development,which was an investment vehicle of CNR Group.
CRRC Group also engaged in real estate development in Taiyuan, [8] on top of the old factory of CRRC Taiyuan. CRRC Group paid CN¥1.711 billion to bid back the land lease from the local government. [9]
CRRC Industrial Investment were the parent company of South Huiton (42.64%) and Ziyang CRRC Electrical Technology for 51%. The shares of the latter were purchased from CRRC's CRRC Ziyang for about CN¥448 million. [10]
Only 33 direct subsidiaries were listed:
other notable second-tier subsidiaries (other than CRRC subsidiaries)
unknown tier:
former
CRRC Corporation Limited is a Chinese state-owned and publicly traded rolling stock manufacturer. It is the world's largest rolling stock manufacturer in terms of revenue, eclipsing its major competitors of Alstom and Siemens.
CRRC Zhuzhou Locomotive Co., Ltd. is one of the electric locomotive manufacturers in China. It is one of the subsidiaries of CRRC.
CRRC Qingdao Sifang Co., Ltd. is a Chinese rolling stock manufacturer based in Qingdao, Shandong province. Founded in 1900 during the German occupation, Qingdao Sifang is one of the oldest rolling stock manufacturers in China.
CRRC Tangshan Co., Ltd., is a manufacturer of rolling stock located in Tangshan, Hebei province, People's Republic of China. While Datong built mainline steam locomotives until 1988, Tangshan built steam for industrial use until 1999, becoming the last works in the world to build steam for non-tourist use.
The DF8 is a type of diesel-electric locomotive used by China Railway in the People's Republic of China. It was in production from 1984 until mid-1990s, with mass production starting in 1989. The revised DF8B is still in production today. DF8 are almost exclusively used for freight services.
Zhuzhou CRRC Times Electric Co. Ltd., abbreviated as TEC, is a Chinese train manufacturer. It is headquartered in Zhuzhou, Hunan Province. The company is a prominent maker of traction systems for locomotives, electric multiple units and urban transit train applications, which generates about 70% of the company's total sales.
CSR Corporation Limited (CSR), formerly known as China South Locomotive & Rolling Stock Corp was a Chinese manufacturer of locomotive and rolling stock.
China CNR Corporation Limited (CNR) was a primary manufacturer of locomotives and rolling stock for the Chinese market. The company has also exported to over 80 countries and regions, including Argentina, Australia, Brazil, France, Hong Kong, New Zealand. Saudi Arabia, Taiwan and Turkey.
CRRC Dalian Co., Ltd., often abbreviated as DLoco, is a company located in Dalian, Liaoning Province, China, producing railway locomotives, multiple units and diesel engines.
The HXD1 is an eight axle high power heavy freight twin unit locomotive of axle configuration Bo'Bo'+Bo'Bo'. Both the HXD1 and HXD2 double unit locomotives were designated DJ4, the HXD2 units being disambiguated DJ4-6000.
CRRC Ziyang Co., Ltd. is a Chinese locomotive manufacturer, one of the subsidiaries of CRRC. The plant was located in Ziyang, Sichuan Province.
CRRC Datong Co. Ltd. is a Chinese railway locomotive manufacturing plant based in Datong, Shanxi, China, founded in 1953. The factory was a major producer of steam locomotives for the Chinese market up to 1988 when production switched to diesel powered locomotives. By the 1990s electric locomotives had begun to be produced, and became the major product of the works.
The CSR Ziyang SDA1 is a high-powered diesel-electric locomotive manufactured by CRRC Ziyang, China in association with MTU Friedrichshafen, for use in Australia.
CRRC Qishuyan Co., Ltd. is one of the major diesel locomotive manufacturers in China. It one of the subsidiary companies of CRRC Limited.
CRRC Shandong Co. Ltd., formerly also known as JRVEC, is a railway rolling stock factory located in Jinan, Shandong, China, established in 1910 as a workshop of the Jinpu Railway.
CRRC Chengdu Co., Ltd., is a railway rolling stock manufacturing company, a subsidiary of CRRC, which is located in Chengdu, Sichuan, China, established in 1952, as Chengdu Locomotive & Rolling Stock Plant. In 2007 the company was affiliated in CSR, and renamed CSR Chengdu Locomotive & Rolling Stock Co. Ltd.. In 2015, as of the merger of CSR and CNR, CRRC was established, the company was renamed.
CRRC Luoyang Co., Ltd. is a railway locomotive manufacturing company, a subsidiary of CRRC, which is located in Luoyang, Henan in China, established in 1958, as Luoyang Locomotive Plant of Zhengzhou Railway Bureau. In 2007 the company was affiliated in CSR, and renamed CSR Luoyang Locomotive Co., Ltd.. In 2015, as of the merger of CSR and CNR, CRRC was established, the subsidiary was renamed this name.
Zhuzhou Times New Material Technology Co., Ltd. known also as TMT, is a Chinese plastic manufacturer based in Zhuzhou, Hunan Province. The company also produced mica.
CSR Group Corporation formerly known as China South Locomotive and Rolling Stock Industry (Group) Corporation, was a Chinese locomotive and rolling stock manufacturer. In 2007, the major assets of the group was spin-off and formed CSR Corporation Limited, making the corporation became a holding company only. In 2015 CSR Group was merged with CNR Group to form CRRC Group.
China Northern Locomotive & Rolling Stock Industry (Group) Corporation commonly known as CNR Group was a Chinese locomotive and rolling stock manufacturer, and later holding company of China CNR.