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CSR Group

Chinese locomotive and rolling stock manufacturer

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CSR Group Corporation

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; 9 years ago (2015)
Fate	merged with CNR Group
Successor	CRRC Group
Headquarters	Beijing , China
Revenue	CN¥121.321 billion (2014)
Operating income	CN¥006.600 billion (2014)
Net income	CN¥002.613 billion (2014)
Total assets	CN¥156.782 billion (2014)
Total equity	CN¥023.987 billion (2014)
Owner	Chinese Government (100%)
Parent	SASAC
Subsidiaries	CSR (57.15%) South Huiton (42.64%)
Footnotes / references inconsolidated financial statement[1]

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]

History[edit]

In 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation [zh] (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]

External links[edit]