CSR Group

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]

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; 10 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 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
Transcriptions Standard Mandarin Hanyu Pinyin Zhōngguó nánchē jítuán gōngsī
CSR Group
Simplified Chinese	南车集团
Traditional Chinese	南車集團
Transcriptions Standard Mandarin Hanyu Pinyin nánchē jítuán
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
Transcriptions

History

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

• CSR Corporation Limited
• South Huiton (42.64%)
• Beijing Railway Industry Trade Corporation