China Railway No.2 Group

China Railway No.2 Group Co., Ltd. and China Railway Erju Engineering Co., Ltd. were two closely connected companies. They are formerly parent-subsidiary via China Railway Erju Co., Ltd. (CREC). The group is a Chinese construction company based in Chengdu.

China Railway Erju
TypeSubsidiary (former public)
SSE: 600528 (former)
IndustryConstruction
Successor
  • China Railway Hi-tech Industry
  • (the listing status only)
Founded
  • 1950
  • 1978
  • 1998 (as limited company)
  • 1999 (as listed company)[1]
  • 2017 (privatization)
Headquarters
Chengdu
,
China
Revenue CN¥51.242 billion (2016)
CN¥00049 million (2016)
CN¥00168 million (2016)
Total assets CN¥56.146 billion (2016)
Total equity CN¥06.243 billion (2016)
Owner
Chinese Central Government(54.39% indirectly)
general public(45.61% indirectly)
ParentChina Railway Group Limited
Website2j.crec.cn
Footnotes / references
in consolidated financial statement[2]
China Railway No.2 Group Co., Ltd.
Simplified Chinese中国中铁二局集团有限公司
Traditional Chinese中國中鐵二局集團有限公司
China Railway Erju Co., Ltd.
Simplified Chinese中国中铁二局股份有限公司
Traditional Chinese中國中鐵二局股份有限公司
China Railway Erju Engineering Co., Ltd.
Simplified Chinese中铁二局工程有限公司

China Railway Erju is formerly listed on the Shanghai Stock Exchange; In turn, Erju (literally means the second bureau [of the former Ministry of Railways]) is an indirect subsidiary of China Railway Group Limited (also abb. CREC, successor of China Railway Engineering Corporation), which in turn indirectly supervised by the State-owned Assets Supervision and Administration Commission of the State Council.

In January 2017, China Railway Group Limited backdoor listing some assets, as well as privatized China Railway Erju's subsidiary China Railway Erju Engineering Co., Ltd. (Chinese: 中铁二局工程有限公司). China Railway Erju was renamed to China Railway Hi-tech Industry (CRHIC) after the transactions.

History

Predecessor

The predecessor of the company was found in 1998 (China Railway No.2 Group Co., Ltd., Chinese: 中铁二局集团有限公司), which could be traced back to 1978, as the Second Bureau of Engineering of the Ministry of Railways. (Chinese: 铁道部第二工程局) The original second bureau could traced back the history to 1950, but in 1978 the bureau was split into the [new] second bureau and the fifth bureau.[3]

IPO

In 2000, China Railway Engineering Corporation, the parent company at that time, was independent from the ministry. In 1999, most of the assets of "China Railway No.2 Group Co., Ltd." was injected into a new subsidiary China Railway Erju Co., Ltd. and floats in the Shanghai Stock Exchange in 2001. In 2007, an intermediate parent company China Railway Group Limited was formed, and also listed in the stock exchanges.

In 2015, a subsidiary China Railway Erju Engineering (Chinese: 中铁二局工程) was incorporated.

Privatization

In January 2017 China Railway Erju Engineering was sold back to China Railway Group Limited (making China Railway Erju Engineering and China Railway No.2 Group Co., Ltd. were sister company but no parent-subsidiary connection), at the same time China Railway Group Limited inject some asset to China Railway Erju Co., Ltd. as backdoor listing, renaming to China Railway Hi-tech Industry.

China Railway Erju Construction Co., Ltd. (Chinese: 中铁二局集团建筑有限公司) is a company that owned by both China Railway Erju Engineering and China Railway No.2 Group directly and indirectly by China Railway Group Limited.

Projects

References
  1. "Gōng sī jiǎn jiè" 公司简介 [About us] (in Chinese). China Railway No.2 Group. Retrieved 17 October 2017.
  2. "2016 Nián nián dù bào gào" 2016年年度报告 [2016 Annual Report] (PDF) (in Chinese). China Railway Erju. 31 March 2017. Retrieved 17 October 2017.
  3. "Fā zhǎn lì chéng" 发展历程 [Operating History] (in Chinese). China Railway No.5 Engineering Group. Retrieved 7 June 2015.
  4. 中铁二局参建的大（同）西（安）客专项目全线铺轨(in Chinese) Archived 2016-03-03 at the Wayback Machine
  5. 公司参建的厦（门）深（圳）铁路全线试运行(in Chinese) Archived 2016-03-04 at the Wayback Machine
  6. 中铁二局将建成国内最大的地下高铁站(in Chinese) Archived 2016-03-04 at the Wayback Machine
  7. 新疆在建的最长隧道——阿尔格勒特隧道全面贯通 (in Chinese)
  8. 中铁二局参建的广（州）佛（山）线地铁盾构机成功穿越珠江(in Chinese) Archived 2016-03-03 at the Wayback Machine
  9. 中铁二局参建的 兰新二线哈密段通车(in Chinese) Archived 2016-03-03 at the Wayback Machine
  10. 埃塞俄比亚铁路赛贝塔——米埃索段铺轨贯通 (in Chinese)
  11. Fact Sheet: China and Sudan Archived 2016-03-04 at the Wayback Machine UC Berkeley
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