CRRC Group Corporation, known as CRRC Group, is a Chinese state-owned holding company, direct parent company of

CRRC CRRC Corporation Limited (known as CRRC) 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. I ...

and 32 other subsidiaries; if including second-tier subsidiaries, the holding company is the head of 112 legal entities (as in 2016).

History

The predecessors of the holding company:

CNR 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. CNR Group merged with CSR Group in 2015 to form CRRC ...

and

CSR Group CSR Group Corporation formerly known as China South Locomotive and Rolling Stock Industry (Group) Corporation (abbreviation: CSRG), was a Chinese locomotive and rolling stock manufacturer. In 2007, the major assets of the group was spin-off and f ...

, were formed in 2002 by splitting (LORIC), a corporation under the

Ministry of Railways A Ministry of Railways is a Cabinet department that exists or has existed in many Commonwealth states as well as others. It generally occurs in countries where railroad transportation is a particularly important part of the national infrastructur ...

. 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 The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of vario ...

(SASAC) in the same year, became duopoly in locomotives and rolling stock manufacturing. In

2000s File:2000s decade montage3.png, From top left, clockwise: The World Trade Center on fire and the Statue of Liberty during the 9/11 attacks in 2001; the euro enters into European currency in 2002; a statue of Saddam Hussein being toppled during th ...

, CNR, CSR, Zhuzhou Times New Material Technology (2002) and Zhuzhou CSR Times Electric (2006) 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 The National Railway Administration (NRA) is the national railway regulator of China. It is part of the Ministry of Transport of the People's Republic of China. In 2013, the State Council of China broke up the Ministry of Railways and separated t ...

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

(excluding CRRC Times Electric and Times Material Technology). In 2017, CRRC Group was reincorporated from "Industrial Enterprises Owned by the Whole People" () to state-owned

limited company In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the lia ...

(), 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 An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

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 CNR may stand for: Arts, entertainment and media * China National Radio, the national radio station of the People's Republic of China *CNR Music, a Dutch record and video/DVD label *"CNR", a song about Charles Nelson Reilly by "Weird Al" Yankovic ...

, 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 South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz' ...

(42.64%) and Ziyang CRRC Electrical Technology for 51%. The shares of the latter were purchased from CRRC's

CRRC Ziyang CRRC Ziyang Co., Ltd. () is a Chinese locomotive manufacturer, one of the subsidiaries of CRRC. The plant was located in Ziyang, Sichuan Province. History CRRC Ziyang Co., Ltd. (hereinafter referred to as The company) is a subsidiary of CRRC Corpo ...

for about .

Subsidiaries

Only 33 direct subsidiaries were listed: #

(55.92%) # CNR Group Qiqihar Railway Rolling Stock (Group) Co., Ltd. (100%,

CRRC Qiqihar Railway Rolling Stock CRRC Corporation Limited (known as CRRC) 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. ...

was spin-off and belongs to CRRC) # CRRC Group Wuhan Jiang'an Rolling Stock Works (100%, the factory was spin off and belongs to

CRRC Yangtze CRRC Corporation Limited (known as CRRC) 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. ...

Wuhan branch, a subsidiary of CRRC) # CNR Group Tianjin Locomotive & Rolling Stock Machinery Works (100%,

CRRC Tianjin Equipment CRRC Corporation Limited (known as CRRC) 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. ...

was spin-off and belongs to CRRC) # CRRC Group Tongling Rolling Stock Works (100%, the factory was spin off and belongs to

CRRC Yangtze Tongling CRRC Corporation Limited (known as CRRC) 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. ...

, a subsidiary of CRRC Yangtze) # CRRC Group Harbin Rolling Stock Co., Ltd. (100%,

CRRC Harbin Rolling Stock CRRC Corporation Limited (known as CRRC) 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. ...

was spin-off and belongs to CRRC) # CRRC Group Luoyang Locomotive Works (100%,

CRRC Luoyang 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 af ...

was spin-off and belongs to CRRC) # CRRC Group Meishan Rolling Stock Works (100%, CRRC Meishan was spin-off and belongs to CRRC) # CNR Group Jinan Locomotive & Rolling Stock Works (100%,

CRRC Shandong CRRC Shandong Co. Ltd. (), formerly also known as JRVEC (Jinan Railway Vehicles Equipment), is a railway rolling stock factory located in Jinan, Shandong, China, established in 1910 as a workshop of the Jinpu Railway. CRRC Wind Power (formerl ...

was spin-off and belongs to CRRC) # CRRC Group Xiangyang Locomotive Works (100%, the factory was spin-off and belongs to CRRC Luoyang, Xiangyang branch) # CRRC Group Ziyang Locomotive Works (100%,

was spin-off and belongs to CRRC) # CRRC Group Wuhan Wuchang Rolling Stock Works (100%, the factory was spin off and belongs to CRRC Yangtze, Wuhan branch) # CNR Ship & Ocean Engineering Development Co., Ltd. (94%) # CRRC Dalian Dali Railway Transportation Equipment Co., Ltd. (100%) # CNR Group Beijing February 7 Locomotive Works (100%, CRRC Beijing Locomotive was spin-off and belongs to CRRC) # CRRC Group Nanjing Puzhen Rolling Stock Works (100%,

CRRC Nanjing Puzhen CRRC Nanjing Puzhen () is a Chinese railway rolling stock manufacturer, based in Puzhen, Nanjing city. It is a subsidiary of CRRC. Nanjing Puzhen has supplied trains to Shanghai Metro Line 3 and Nanjing Metro in partnership with Alstom. Ind ...

was spin-off and belongs to CRRC) # CRRC Group Qingdao Sifang Rolling Stock Asset Management (100%,

CRRC Qingdao Sifang 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. History Q ...

was spin-off and belongs to CRRC) # CRRC Group Taiyuan Locomotive & Rolling Stock Works (100%, CRRC Taiyuan was spin-off and belongs to CRRC) # CRRC Group Shenyang Locomotive & Rolling Stock Trading Corporation (100%, CRRC Shenyang was spin-off and belongs to CRRC) # CRRC Group Xi'an Rolling Stock Works (100%, CRRC Xi'an was spin-off and belongs to CRRC) # CRRC Group Zhuzhou Electric Locomotive Works (100%, CRRC Zhuzhou Locomotive was spin-off and belongs to CRRC) # CRRC Group Zhuzhou Rolling Stock Works (100%, the factory was spin off and belongs to CRRC Yangtze, Zhuzhou branch) # CRRC Group Beijing Nankou Locomotive & Rolling Stock Machinery Works (100%, CRRC Beijing Nankou was spin-off and belongs to CRRC) # Changzhou Institute of Railway Technology (100%) # CRRC Group Chengdu Locomotive & Rolling Stock Works (100%,

CRRC Chengdu 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 i ...

was spin-off and belongs to CRRC) # CRRC Group Shijiazhuang Rolling Stock Works (100%, CRRC Shijiazhuang was spin-off and belongs to CRRC) # CRRC Group Changzhou Qishuyan Locomotive & Rolling Stock Works (100%,

CRRC Qishuyan CRRC Qishuyan Co., Ltd. () is one of the major diesel locomotive manufacturers in China. It one of the subsidiary companies of CRRC Limited. History Qishuyan Locomotive Works was founded in 1905.Beijing CSR Times Locomotive & Rolling Stock Machinery was spin-off and belongs to CRRC) other notable second-tier subsidiaries (other than CRRC subsidiaries) *

(, 42.64%) * Ziyang CRRC Electrical Technology (51%) unknown tier: * CRRC Financial and Securities Investment (100%)

Equity investments

* Zhuzhou Times New Material Technology (11.46%, excluding shares held by CRRC) * *

China Unicom China United Network Communications Group Co., Ltd. () or China Unicom () (CUniq in short) is a Chinese state-owned telecommunications operator. Started as a wireless paging and GSM mobile operator, it currently provides a range of services i ...

A share – via a private equity fund of Aegon–

Industrial Industrial may refer to: Industry * Industrial archaeology, the study of the history of the industry * Industrial engineering, engineering dealing with the optimization of complex industrial processes or systems * Industrial city, a city dominate ...

Fund Management () that subscribed by CRRC Financial and Securities Investment former *

Zhuzhou CRRC Times Electric 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 t ...

(0.80% excluding held by CRRC; sold to

Sinomach China National Machinery Industry Corporation (also known as Sinomach) is a Chinese conglomerate with businesses in tool making, construction equipment, agricultural equipment, and infrastructure construction. In two particular areas of construc ...

Capital on 13 January 2017)

Notes

References

External links

* {{authority control Holding companies established in 2015 Real estate companies established in 2015 Conglomerate companies established in 2015 Chinese companies established in 2015 Holding companies of China Real estate companies of China Conglomerate companies of China Government-owned companies of China Companies based in Beijing Freight wagons manufacturers