Qingdao CSR Group, namely CSR Qingdao Sifang Locomotive and Rolling Stock Co., Ltd., was established on July 22, 2002. It is a super-large state-owned enterprise in Shandong, a super-large first-class state-owned enterprise, a national high-speed EMU experimental base and a national advanced technology center.
Qingdao CSR Group is the earliest enterprise in the industry to carry out joint-stock reform. According to the requirements of modern enterprise system, a scientific and standardized corporate governance structure has been established. The company's main business is the design, manufacture and sales of railway EMUs, buses, locomotives and urban rail transit equipment.
With the approval of the former State Economic and Trade Commission, Qingdao CSR Group is a joint-stock company jointly sponsored by Qingdao Outemei Transportation Equipment Co., Ltd., China Railway Materials Corporation, Southwest Jiaotong University and China Railway Science and Technology Development Corporation, with China CSR Group as the main sponsor.