|Aug 18, 2017|
|Aug 18, 2017|
Currency in HKD
|Full time employees:||183,061|
CRRC Corp. Ltd. engages in the manufacture, trade, and lease of transportation vehicles. It operates through the following segments: Railway Equipment; Rapid Transit Vehicles and Urban Infrastructure; New Businesses; and Modern Service. The Railway Equipment segment offers parts and components for passenger carriage, freight wagon, and track engineering machinery businesses. The Rapid Transit Vehicles and Urban Infrastructure segment develops and manages intercity electrical multiple unit trains and rapid transit vehicles. The New Businesses segment consists of water treatment machines, new energy vehicles, and wind power equipment. The Modern Service segment deals with logistics, trading, and financial services. The company was founded on December 28, 2007 and is headquartered in Beijing, China.
CRRC is China's state-owned train manufacturer formed through a recent megamerger of CSR and China CNR. It virtually monopolizes China's rail car market and is the world's largest train manufacturer, with a 50% share of subway cars around the globe.
Its origins can be traced back to the Qing dynasty in the late 1800s. After the establishment of the People's Republic of China in 1949, CRRC made rail cars as a state-owned train maker under the former Ministry of Railways. CRRC was split into CSR and CNR in 2000 following state-owned company reforms. However, it merged again as a gigantic train maker at the request of President Xi Jinping's administration, a proponent for Chinese companies expanding overseas.
CRRC is focused on exporting high-speed railways. In an effort to adopt train manufacturing technology, CSR has so far teamed up with Japan's Kawasaki Heavy Industries and Canada's Bombardier, while CNR has partnered with Germany's Siemens and France's Alstom. The consolidation will enable CRRC to merge advanced technology. It also manufactures train driving and control components, which have had to be imported in the past.
As the government has 60% of outstanding shares, CRRC's business is inseparably linked to China's national policy. CRRC is eager to take advantage of economies of scale to increase orders from Southeast Asia, Africa and South America.
In the news
CRRC Zhuzhou will supply rolling stocks for a suburban railway
August 3, 2017 12:00 am JST
August 2, 2017 5:59 pm JST
August 2, 2017 9:01 am JST
July 25, 2017 8:19 pm JST
July 25, 2017 8:06 pm JST
July 17, 2017 2:52 pm JST
- Local currency
- US Dollar
|Income before tax||19,256.96M|
|Dividends per share||0.23|
|Operating cash flow||25,205.20M|
Currency in HKD
|Income before tax||2,480.78M|
|Dividends per share||0.03|
|Operating cash flow||3,247.06M|
Currency in USD
- Chairman & General Manager: Hua Long Liu
- Chief Financial Officer & Vice President: Yan Jing Zhan
- Vice President: Jun Zhang
- Vice President: Qi Liang Lou
- Vice President: Jun Wang
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- Website: http://www.crrcgc.cc
- Address: 16 Central West Fourth Ring Road, Haidian District, Beijing, 100036, China
- Phone: +86.10.5186.2188
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