CRRC Corporation Limited
Upon the consent by the State Council and the approval by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), China CNR Corporation Limited and CSR Corporation Limited merged into CRRC Corporation Limited (CRRC) 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 subsidiaries and 186,963 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 102 countries and regions in seven continents of the world. 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.
