2. Strong R&D capability: CRRC has a strong R&D team with more than 7,000 R&D personnel, 1 academician of China Academy of Engineering and more than 240 doctors. The company's annual expenditure on scientific research is not less than 8% of sales revenue, which has reached the level of scientific research investment of world-leading enterprises. By the end of 20 18, the company had applied for 8 178 patents, including 5,484 invention patents, the proportion of products transformed from scientific research projects reached over 85%, and the patent technology implementation rate reached over 95%. These data show the company's strong strength in technological innovation and product development.
3. Diversification of business sectors: CRRC Plant Machinery Institute has been deeply involved in the field of transportation energy, and has formed eight industrial sectors, including rail transit, new materials, new energy, power electronic devices, automobile electric drive, offshore equipment, industrial power and intelligent rail express system. This diversified business structure helps to spread risks, and its steady development can support the overall stability of the company even if it encounters challenges in a certain field.
4.CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. (hereinafter referred to as "CRRC Zhuzhou Institute"), as a wholly-owned subsidiary of China CRRC Company, has a solid industrial base and strong technology research and development capabilities.