CSR Group
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 | ||||
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Owner | Chinese Government (100%) | ||||
Parent | SASAC | ||||
Subsidiaries |
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Footnotes / references in consolidated financial statement[1] |
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China South Locomotive and Rolling Stock Industry (Group) Corporation | |||||||
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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]
History
[edit]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:
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:
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.