Formerly | China South Locomotive and Rolling Stock Industry (Group) Corporation | ||||
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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 | |||||||
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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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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]
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]