Upon the consent by the Chinese State Council and the approval by the Chinese State-owned Assets Supervision and Administration Commission of the State Council (SASAC), China CNR Corporation Limited and CSR Corporation Limited merged into CRRC (China Railway Rolling Stock Corporation) Limited on the principle of reciprocity, which is an A+H share company. On June 8, 2015, the CRRC was listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange upon the approval by the China Securities Regulatory Commission (CSRC). Headquartered in Beijing, the CRRC has 46 wholly-owned and majority-owned subsidiaries and more than 170,000 employees.
The CRRC, which inherited all the business and assets of China CNR Corporation Limited and CSR Corporation Limited, is the world’s largest supplier of rail transit equipment with the most complete product lines and leading technologies. Its main businesses cover the R&D, design, manufacture, repair, sale, lease and technical services for railway rolling stock, EMUs, urban rail transit vehicles, engineering machinery, all types of electrical equipment, electronic equipment and parts, electric products and environmental protection equipment, consulting services, industrial investment and management, asset management, import and export.
The CRRC will adhere to independent innovation, open innovation and collaborative innovation, improve the technology innovation system, and constantly upgrade technology innovation capacity. It has built the world leading rail transit equipment technology platform and manufacturing base. Its high-speed EMUs, high-power locomotives, railway wagons, urban rail vehicles and other typical products, which have fully reached world advanced level, can adapt to various complex geographical environments and meet diverse market needs. The high-speed EMU products manufactured by the CRRC have become an important business card to show China’s development achievements to the world. Its products have been exported to around 100 countries and regions in 6 continents. The export of products has also been changing to export of technologies, output of capital goods, and global business transformation.
In the future, with the mission of global integration and going beyond expectation, by seizing the strategic opportunities like the “Belt and Road” Initiative and the rapid development of global rail transit equipment industry, the CRRC will fully adopt the international, diversified, and collaborative development strategies, as well as the global strategy characterized by “transformation, upgrade and transnational business,” and strive to be the vanguard of innovation for “Chinese manufacturing 2025” and “Internet +”, as well as the world’s leading provider of high-end equipment system solutions with rail transit equipment as the core and multinational operations.
The history of CRRC is the history of Chinese railway
1881 Xugezhuang Machinery Works founded and manufactured first steam locomotive in China named “Rocket of China”.
1952 Establishment of Rolling Stock Manufacture Bureau and Rolling Stock Repair Bureau of MOR, Managing 20 Factories.
1956 Manufactured Model “Qianjin” (Model “Heping”) steam locomotive.
1958 Establishment of Locomotive & Rolling Stock Factory Bureau of MOR , Managing 20 Factories, then was renamed to Industry Bureau of MOR following year.
1967 Manufactured metro car.
1969 Manufactured Model Dongfeng 4 diesel locomotives.
1985 Manufactured Model Shaoshan 4 electric locomotives.
1986 Reorganized to China National Railway Locomotive & Rolling Stock Industry Corporation, Managing 35 Works and 4 Research Institutes.
1990 Manufactured Model 25A passenger coach.
2000 Split into two companies, CNR and CSR.
2005 Manufactured wagons with 70-ton and 80-ton loading capacity.
2006 Manufactured 200 km/h high-speed train.
2007 Manufactured 9,600kW electric locomotive.
2008 Manufactured 4,460kW diesel locomotive and 350 km/h high-speed train. CSR listed.
2009 CNR listed.
2010 Manufactured 380 km/h high-speed train.
2015 CNR and CSR merged into CRRC Corporation Limited and listed in the Shanghai and HongKong Stock Exchange.
Source: http://www.crrcgc.cc/g5141.aspx; http://www.crrcgc.cc/g6781.aspx