Is CRRC a state-owned enterprise or a central enterprise?

CRRC is not only a central enterprise managed by the State Council SASAC, but also a state-owned enterprise. The full name of CRRC is China CRRC Company, which is an A+H-share listed company formed by the merger of China South Locomotive Co., Ltd. and China CNR Co., Ltd. according to the principle of reciprocity.

CRRC has inherited all the businesses and assets of CNR and China South Locomotive, and is the world's leading rail transit equipment supplier with complete varieties and first-class technology. Main business: R&D, design, manufacture, repair, sales, leasing and technical services of railway rolling stock, EMU, urban rail transit vehicles, construction machinery, various electromechanical equipment, electronic equipment and parts, electronic appliances and environmental protection equipment products; Information consultation; Industrial investment and management; Asset management; Import and export business.

CRRC adheres to independent innovation, open innovation and collaborative innovation, constantly improves the technological innovation system and enhances its technological innovation capability, and has built a world-leading technology platform and manufacturing base for rail transit equipment products. The series of products represented by high-speed EMUs, high-power locomotives, railway freight cars and urban rail vehicles have reached the world advanced level in an all-round way, and can adapt to various complex geographical environments and meet diversified market demands. The high-speed EMU series manufactured by CRRC in China has become an important business card for China to show its development achievements to the world. Products have been exported to nearly 100 countries and regions on six continents, and gradually changed from product export to technology export, capital export and global operation.