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 |
| ||||
| 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 | ||||||
| |||||||
| CSR Group | |||||||
| Simplified Chinese | 南车集团 | ||||||
| Traditional Chinese | 南車集團 | ||||||
| |||||||
| 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
editIn 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
edit- CSR Corporation Limited
- South Huiton (42.64%)
- Beijing Railway Industry Trade Corporation
References
edit- ^ "2015 Annual Report". 2015年度第一期中期票据披露材料 [Prospectus of 2015 (batch 1) Medium Term Note] (in Chinese (China)). CSR Group. 10 September 2015. Retrieved 11 June 2017 – via Shanghai Stock Exchange.
- ^ Tjia Yin-nor, Linda (October 2015). Explaining Railway Reform in China: A Train of Property Rights Re-arrangements. Routledge. ISBN 9781136212321.
- ^ History www.chinacnr.com Archived 2010-09-19 at the Wayback Machine
- ^ Historywww.csrgc.com.cn Archived 2011-07-07 at the Wayback Machine
- ^ wikisource:zh:国务院关于组建中国北方机车车辆工业集团公司有关问题的批复 (in Chinese)
- ^ 网络媒体走转改报道组聚焦中国南车. cntv.cn (in Chinese (China)). 24 August 2012. Retrieved 20 November 2017.
- ^ 关于调整铁路系统房产税城镇土地使用税政策的通知 (Press release) (in Chinese (China)). State Administration of Taxation. 11 July 2003. Retrieved 20 November 2017.
- ^ "Overview". Prospectus (PDF). China South Locomotive & Rolling Stock Corporation Limited. 8 August 2008. pp. 1–3. Archived from the original (PDF) on 2011-07-07. Retrieved 9 February 2015.
- ^ CSR Prospectus
- ^ "关于公司第一大股东更名的公告" [Largest company shareholder name change announcement] (PDF) (Press release). CSR Corporation Limited. 15 April 2010. Archived from the original (PDF) on 7 July 2011. Retrieved 11 June 2017.
- ^ 关于中国南方机车车辆工业集团公司更名为中国南车集团公司的公告 (Press release) (in Chinese (China)). State-owned Assets Supervision and Administration Commission of the State Council. 14 April 2010. Retrieved 20 November 2017.