OverviewSuggest Edit

CRRC (中国中车) is a company that specializes in designing, manufacturing, testing, commissioning, and maintenance of locomotives and rolling stock. It offers electric, diesel-electric, and diesel-hydraulic locomotives, high-speed trains, trams and light rail vehicles, wagons, track machinery, etc. The company also provides traction motors and generators for locomotives, urban rail vehicles, oil drilling machines, mining machinery, metallurgical machinery, and wind-driven generators.

TypePublic
Founded2015
HQBeijing, CN
Websitecrrcgc.cc
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2020)164,177
Revenue (FY, 2020)¥227.7 B
Share Price (Nov 2021)$3.5
Cybersecurity ratingAMore
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Key People/Management at CRRC

Sun Yongcai

Sun Yongcai

President, Executive Director
Hualong Liu

Hualong Liu

Chairman and Executive Director
Lou Qiliang

Lou Qiliang

Executive Director
Li Guoan

Li Guoan

Non-executive Director
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CRRC Office Locations

CRRC has offices in Beijing and Hong Kong
Beijing, CN (HQ)
No. 16 Central West Fourth Ring Road, Haidian District
Hong Kong, HK
41/F, Office Tower, 1 Harbour Rd, Wan Chai
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CRRC Financials and Metrics

CRRC Revenue

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CRRC's revenue was reported to be ¥227.66 b in FY, 2020 which is a 0.6% decrease from the previous period.
CNY

Revenue (H1, 2021)

95.5b

Gross profit (H1, 2021)

20.1b

Gross profit margin (H1, 2021), %

21%

Net income (H1, 2021)

4.9b

Market capitalization (10-Nov-2021)

199.2b

Closing stock price (10-Nov-2021)

3.5

Cash (30-Jun-2021)

35.5b

EV

199.3b
CRRC's current market capitalization is $199.2 b.
Annual
CNYFY, 2018FY, 2019FY, 2020

Revenue

214.5b229.0b227.7b

Revenue growth, %

7%(1%)

Cost of goods sold

168.5b176.1b177.0b

Gross profit

46.1b52.9b50.7b
Half Year
CNYH1, 2019H1, 2020H1, 2021

Revenue

96.1b89.4b95.5b

Cost of goods sold

74.5b70.4b75.4b

Gross profit

21.6b19.0b20.1b

Gross profit Margin, %

22%21%21%
Annual
CNYFY, 2018FY, 2019FY, 2020

Cash

33.1b44.9b33.5b

Accounts Receivable

64.2b59.7b72.0b

Prepaid Expenses

9.8b9.9b8.5b

Inventories

55.1b60.8b63.0b
Quarterly
CNYQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

34.3b42.7b46.3b37.0b34.3b35.5b

Accounts Receivable

90.3b90.3b67.7b82.8b93.3b82.2b96.2b

Prepaid Expenses

10.4b10.2b12.0b11.6b10.7b11.9b9.1b8.8b

Inventories

70.6b71.6b74.7b72.1b76.3b81.6b76.5b74.8b
Annual
CNYFY, 2018FY, 2019FY, 2020

Net Income

13.0b13.8b13.8b

Depreciation and Amortization

6.5b6.9b7.0b

Inventories

63.7m(6.7b)(1.8b)

Accounts Payable

23.7b(2.2b)
Quarterly
CNYQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

2.0b5.6b9.7b972.0m4.5b8.3b1.6b4.9b

Depreciation and Amortization

3.3b3.5b3.6b

Inventories

(16.6b)(15.5b)(12.0b)

Accounts Payable

25.3b10.6b20.4b
CNYFY, 2018

Revenue/Employee

1.3m

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
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CRRC Acquisitions / Subsidiaries

Company NameDateDeal Size
Beijing CNR CR Transportation Equipment Co., Ltd
CRRC Beijing Nankou Co., Ltd.
CRRC Capital Management Co., Ltd.
CRRC Changchun Railway Vehicles Co. Ltd.
CRRC Construction Engineering Co., Ltd.
CRRC Dalian Co., Ltd.
CRRC Dalian Institute Co., Ltd.
CRRC Datong Electric Locomotive Co., Ltd.
CRRC Finance Co., Ltd.
CRRC Financial Leasing CO., LTD.
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CRRC Revenue Breakdown

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CRRC revenue breakdown by business segment: 100.0% from Rail Transit Equipment and Extended Products and Services

CRRC revenue breakdown by geographic segment: 7.5% from Others and 92.5% from Mainland China

CRRC Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

CRRC Online and Social Media Presence

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CRRC News and Updates

Mullen and CRRC Group’s Subsidiary, Tenglong Automotive, Sign Definitive Agreement for Class 1 and Class 2 EV Cargo Vans for Assembly and Sales in US and Mexico Market With Deliveries Commencing March 2022

Mullen to become exclusive manufacturer and distributor of EV cargo vans for Class 1 and Class 2 segments for subsidiary of World's Largest Supplier of Rail Transit Equipment. Mullen to become exclusive manufacturer and distributor of EV cargo vans for Class 1 and Class 2 segments for subsidiary of …

Bengaluru: 7 new Metro trains to ensure frequency after operations begin on Kengeri line

BMRCL in 2020 awarded a contract to China’s CRRC Corporation Ltd to provide 216 coaches. Officials said CRRC’s subsidiary, CRRC Nanjing Puzhen Co Ltd, will supply rolling stock for Metro’s Phase 2 project from June-December 2022. CRRC is setting up a plant in Sri City, Andhra Pradesh, to manufacture…

First Chinese standard metro train bound for Henan province

THE new Chinese standard metro train developed by CRRC will be used on the Zhengzhou Airport – Xuchang line in the Henan province.

Notification of Board Meeting

The board of directors (the “Board”) of CRRC Corporation Limited (the “Company”) hereby announces that a meeting of the Board will be held on Friday, 27 August 2021 to, inter alia, consider and approve the unaudited interim results of the Company and its subsidiaries for the six months ended 30 June…

Announcement Resignation of Secretary to the Board and Change of Joint Company Secretary

The board of directors (the “Board”) of CRRC Corporation Limited (the “Company”) announces that on 11 August 2021, the Board received the resignation report from Mr. Xie Jilong (“Mr. Xie”), the secretary to the Board and joint company secretary of the Company. Mr. Xie resigned as the secretary to th…

Announcement on Distribution of Dividend for 2020 to the holders of A shares

Reference is made to the announcement (the “Announcement”) of the poll results of the 2020 annual general meeting (the “AGM”) of CRRC Corporation Limited (the “Company”) dated 18 June 2021. The 2020 profit distribution plan of the Company has been approved at the AGM. Unless otherwise defined in thi…
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CRRC Frequently Asked Questions

  • When was CRRC founded?

    CRRC was founded in 2015.

  • Who are CRRC key executives?

    CRRC's key executives are Sun Yongcai, Hualong Liu and Lou Qiliang.

  • How many employees does CRRC have?

    CRRC has 164,177 employees.

  • What is CRRC revenue?

    Latest CRRC annual revenue is ¥227.7 b.

  • What is CRRC revenue per employee?

    Latest CRRC revenue per employee is ¥1.4 m.

  • Who are CRRC competitors?

    Competitors of CRRC include Alstom, China Railway Engineering and China North Industries.

  • Where is CRRC headquarters?

    CRRC headquarters is located at No. 16 Central West Fourth Ring Road, Haidian District, Beijing.

  • Where are CRRC offices?

    CRRC has offices in Beijing and Hong Kong.

  • How many offices does CRRC have?

    CRRC has 2 offices.