CRRC

Not to be confused with Combat Rubber Raiding Craft.
CRRC Corporation Ltd.
中国中车股份有限公司
Company typeState-owned enterprise; public company
SSE: 601766(A share)
SEHK: 1766(H share)
IndustryManufacturing
Predecessor
Founded1 June 2015; 9 years ago (1 June 2015)[1]
FounderCRRC Group
Headquarters
Beijing
,
China
Area served
  • China
  • exported worldwide
Key people
Liu Hualong(chairman of the board, party secretary)[2]
Xi Guohua(vice-chairman, deputy party secretary, president)[2][3]
Sun Yongcai(executive director, vice-president)[3][4]
Xu Zongxiang(executive director)[4]
Wan Jun(chairman of the supervisory board, deputy party secretary)
Zhan Yanjing(CFO & vice-president)
Wang Jun(vice-president)
Lou Qiliang(vice-president)
Yu Weiping(vice-president)[5]
Products
RevenueIncrease CN¥214.521 billion (2018)
46,062,360,000 renminbi (2018) Edit this on Wikidata
Increase CN¥012.998 billion (2018)
Total assetsDecrease CN¥357,523 billion (2018)
Total equityIncrease CN¥149.684 billion (2018)
Owner
CRRC Group(55.91%)[3]: 85 
CSF(02.87%)[3]: 83 
Central Huijin(01.12%)[3]: 83 
general public(40.10%)
Number of employees
183,061 (2016[3]: 60 )
ParentCRRC Group
Chinese name
Simplified Chinese中国中车股份有限公司
Traditional Chinese中國中車股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Zhōngchē Gǔfèn Yǒuxiàn Gōngsī
CRRC
Simplified Chinese中国中车
Traditional Chinese中國中車
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Zhōngchē
Websitecrrcgc.cc
Footnotes / references
in consolidated financial statement, in IFRS[3]

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.[6][7][8]

It was formed on 1 June 2015 through the merger of CNR and CSR. As of 2016 it had 183,061 employees.[3] The parent company is CRRC Group, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council. The State Council also owned additional shares via China Securities Finance and Central Huijin Investment.

  1. ^ Cite error: The named reference rgi20150602 was invoked but never defined (see the help page).
  2. ^ a b Cite error: The named reference senior2015 was invoked but never defined (see the help page).
  3. ^ a b c d e f g h "2016 Annual Report" (PDF). CRRC. 27 April 2017. Archived (PDF) from the original on 16 October 2022. Retrieved 22 June 2017 – via Hong Kong Stock Exchange.
  4. ^ a b "List of Directors and their Role and Function" (PDF). CRRC. Hong Kong Stock Exchange. 20 June 2017. Archived (PDF) from the original on 16 October 2022. Retrieved 22 June 2017.
  5. ^ "股份领导" (in Chinese). CRRC. Archived from the original on 11 June 2017. Retrieved 22 June 2017.
  6. ^ "Siemens-Alstom Deal Teeters on Brink Amid Fierce Lobbying". Bloomberg.com. 20 January 2019. Archived from the original on 2019-06-11. Retrieved 2019-01-23.
  7. ^ Smith, Kevin. "Will Alstom-Siemens merger check CRRC's international expansion?". Archived from the original on 2017-09-29. Retrieved 2017-09-29.
  8. ^ "Siemens-Alstom's Expected EU Veto Unleashes Political Storm". Bloomberg.com. 4 February 2019. Archived from the original on 2019-02-07. Retrieved 2019-02-05.