CRRC Group Company Limited(hereinafter referred to as “CRRC Group”) is a
wholly state-owned enterprise, established in September, 2015 with the
registered capital RMB 23 billion yuan, on the basis of reorganizing and merging
the former China Northern Locomotive & Rolling Stock Industry Group
Corporation and the former CSR Group Company, which agreed by the State Council
and approved by the State-owned Assets Supervision and Administration Commission
of the State Council. Up to the end of 2018, CRRC Group has 177 thousands
employees, assets totaling RMB 399.14 billion yuan, 430 subsidiaries at all
levels, covered 98 countries and regions in six continents around the world
while located in 19 provinces, province-level municipalities and Hong Kong
Special Administrative Region within China. In 2018, CRRC Group achieved the
business revenue RMB 229.98 billion yuan, and the profit totaling RMB 12.53
billion yuan.
CRRC Group is a supplier of proposing systematic solution to the high-end
equipment, focusing on its manufacturing while developing diversified economy
and operating multinationally. Based itself upon the global vision, CRRC Group
concentrates on the high-end equipment, builds the first-class industry
enterprise group in the world with respect to “undertaking the national
strategy, focusing on the high-end equipment and operating the diversified
investment”. On the basis of consolidating the leading position in the field of
railway transport equipment in the world, CRRC Group has been actively
developing new businesses such as new energy, new materials, energy conservation
and environmental protection, and established the group business structure
consisting of railway transportation equipment and its extended industry,
industrial investment, finance and similar finance, assets management, education
and training. CRRC is one of ten demonstration enterprises selected by SASAC of
the State Council for building the first-class companies in the world.
CRRC Group is the controlling shareholder of CRRC Corporation
Limited(hereinafter referred to as “CRRC”, the largest manufacturer of railway
transport equipment in the world, holding 55.63% of its shares. CRRC has the
world's leading research and development platform for railway transport
equipment with the technical performance of its products reaching the world
advanced level, and CRRC is also one of the few companies in the global railway
transport industry, which has achieved the full coverage of product types. CRRC
exported its products to 105 countries and regions in six continents.
Facing the future, CRRC Group will firmly seizes the opportunities of “Made
in China 2025”, “Belt and Road” “Internet +” , “Manufacturing Power”, and
“Transportation Power”, vigorously carries out the development strategy of
high-end, digitization, cooperation, diversification and internationalization,
strives to make the state-owned capital stronger, better and bigger, continues
to enhance the core competitiveness of China's high-end equipment, makes efforts
in finding the solution to the problem of the global transportation with CRRC
proposal, and actively builds a respected international company, and makes
contribution to pushing the global connectivity and driving the economic
development.
