CRRC Group


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.

History

The predecessors of the holding company: CNR Group and CSR Group, were formed in 2002 by splitting , a corporation under the Ministry of Railways.
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 in the same year, became duopoly in locomotives and rolling stock manufacturing. In 2000s, CNR, CSR, Zhuzhou Times New Material Technology and Zhuzhou CSR Times Electric 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.
In 2017, CRRC Group was reincorporated from "Industrial Enterprises Owned by the Whole People" to state-owned limited company, renaming from to.

Business overview

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. 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, on top of the old factory of CRRC Taiyuan. CRRC Group paid to bid back the land lease from the local government.
CRRC Industrial Investment were the parent company of South Huiton and Ziyang CRRC Electrical Technology for 51%. The shares of the latter were purchased from CRRC's CRRC Ziyang for about.

Subsidiaries

Only 33 direct subsidiaries were listed:
  1. CRRC
  2. CNR Group Qiqihar Railway Rolling Stock Co., Ltd.
  3. CRRC Group Wuhan Jiang'an Rolling Stock Works
  4. CNR Group Tianjin Locomotive & Rolling Stock Machinery Works
  5. CRRC Group Tongling Rolling Stock Works
  6. CRRC Group Harbin Rolling Stock Co., Ltd.
  7. CRRC Group Luoyang Locomotive Works
  8. CRRC Group Meishan Rolling Stock Works
  9. CNR Group Jinan Locomotive & Rolling Stock Works
  10. CRRC Group Xiangyang Locomotive Works
  11. CRRC Group Ziyang Locomotive Works
  12. CRRC Group Wuhan Wuchang Rolling Stock Works
  13. CNR Ship & Ocean Engineering Development Co., Ltd.
  14. CRRC Dalian Dali Railway Transportation Equipment Co., Ltd.
  15. CNR Group Beijing February 7 Locomotive Works
  16. CRRC Group Nanjing Puzhen Rolling Stock Works
  17. CRRC Group Qingdao Sifang Rolling Stock Asset Management
  18. CRRC Group Taiyuan Locomotive & Rolling Stock Works
  19. CRRC Group Shenyang Locomotive & Rolling Stock Trading Corporation
  20. CRRC Group Xi'an Rolling Stock Works
  21. CRRC Group Zhuzhou Electric Locomotive Works
  22. CRRC Group Zhuzhou Rolling Stock Works
  23. CRRC Group Beijing Nankou Locomotive & Rolling Stock Machinery Works
  24. Changzhou Institute of Railway Technology
  25. CRRC Group Chengdu Locomotive & Rolling Stock Works
  26. CRRC Group Shijiazhuang Rolling Stock Works
  27. CRRC Group Changzhou Qishuyan Locomotive & Rolling Stock Works
  28. CSR Group Investment Management Co., Ltd.
  29. CRRC Group Capital Holdings Co., Ltd.
  30. CRRC Industrial Investment Co., Ltd.
  31. CRRC Real Estate
  32. CNR Group Australia
other notable second-tier subsidiaries
unknown tier:
former