CSR Group
Chinese locomotive and rolling stock manufacturer
From Wikipedia, the free encyclopedia
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 formed CSR Corporation Limited, making the corporation became a holding company only. In 2015 CSR Group was merged with CNR Group to form CRRC Group.[2]
| Formerly | China South Locomotive and Rolling Stock Industry (Group) Corporation | ||||
|---|---|---|---|---|---|
| Company type | state-owned enterprise | ||||
| Predecessor | Half of China National Railway Locomotive & Rolling Stock Industry Corporation | ||||
| Founded | 2002 | ||||
| Founder | Ministry of Railways | ||||
| Defunct | 2015 | ||||
| Fate | merged with CNR Group | ||||
| Successor | CRRC Group | ||||
| Headquarters | Beijing , China | ||||
| Revenue |  CN¥121.321 billion (2014) | ||||
| CN¥6.600 billion (2014) | |||||
| CN¥2.613 billion (2014) | |||||
| Total assets | CN¥156.782 billion (2014) | ||||
| Total equity | CN¥23.987 billion (2014) | ||||
| Owner | Chinese Government (100%) | ||||
| Parent | SASAC | ||||
| Subsidiaries |
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| Footnotes / references in consolidated financial statement[1] | |||||
| CSR Group Corporation | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 中国南车集团公司 | ||||||
| Traditional Chinese | 中國南車集團公司 | ||||||
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| CSR Group | |||||||
| Simplified Chinese | 南车集团 | ||||||
| Traditional Chinese | 南車集團 | ||||||
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| China South Locomotive and Rolling Stock Industry (Group) Corporation | |||||||
| Simplified Chinese | 中国南方机车车辆工业集团公司 | ||||||
| Traditional Chinese | 中國南方機車車輛工業集團公司 | ||||||
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History
In 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation (LORIC) was formed, comprising 35 production sites and 4 research centres.[3] In 2002 LORIC was separated from the Ministry of Railways and China South Locomotive and Rolling Stock Industry (Group) Corporation (CSRG, Chinese: 中国南方机车车辆工业集团公司) was formed.[4] Its main competitor, the China North Locomotive and Rolling Stock Industry (Group) Corporation was formed in the same year.[5][6]
In 2002 the group manufactured the 270 km/h (170 mph) China Star high speed EMU at the Zhuzhou Electric Locomotive Works.
Since 2003, the group no longer tax-free on property tax and land rent.[7]
Between 2004 and 2007 CSR had ~50% of the internal Chinese market for locomotives and ~80% of the market for multiple units (by volume), as well as a ~50% share in locomotive and wagon refurbishment. In the same period overseas sales accounted for ~7-8% of revenue.[8]
In 2008 most of the assets were floated as China South Locomotive & Rolling Stock Corp., Ltd. (later known as CSR Corporation Limited), except some auxiliary assets, as well as the shares of South Huiton.[9]
In April 2010 the Chinese name of CSR Group was renamed (Chinese: 中国南车集团公司).[10][11]
Subsidiaries
- CSR Corporation Limited
- South Huiton (42.64%)
- Beijing Railway Industry Trade Corporation