CRRC's ranking has changed significantly. What does it mean for Zhuzhou to surpass Qingdao Sifang?

In recent years, China's economy has achieved tremendous achievements that have attracted worldwide attention, with steady progress in reform and innovation. The urban and rural areas have taken on a new look, and China's industry has undergone tremendous changes

In recent years, China's economy has achieved tremendous achievements that have attracted worldwide attention, with steady progress in reform and innovation. The urban and rural areas have taken on a new look, and China's industry has undergone tremendous changes. Although China is the second largest economy in the world, its manufacturing industry ranks first in the world, accounting for over 30% of the world's total. In particular, the demand for industrial products has shifted from backward to leading, from unknown to world-renowned, Both China's nuclear power technology and wind power photovoltaic technology have undergone great changes from the The Ugly Duckling to the white swan. The high-speed rail industry has gone from the introduction of American and western technologies to the global leadership of high-speed rail technology and the continuous export of high-speed rail products. Our high-speed rail development can achieve such great achievements thanks to our national system and the hard work of the people of the country.

High-speed train

China's high-speed rail technology is mainly led by CRRC, a giant central enterprise. CRRC is formed by the merger of the original CSR Corporation Limited and China CNR. Headquartered in Beijing, it is the world's largest rail transit company. Its products cover all aspects of rail transit. Its core subsidiaries include CRRC Zhuzhou Locomotive Research Institute Co., Ltd., CRRC Zhuzhou Locomotive Co., Ltd., CRRC Sifang Co., Ltd., CRRC Changchun Railway Vehicles Co., Ltd, CRRC Tangshan Locomotive Co., Ltd., CRRC Dalian Locomotive Co., Ltd., CRRC Nanjing Puzhen Co., Ltd. and CRRC Qiqihar Rail Transit Co., Ltd.

subway train

With the arrival of the era of high-speed railway, the former Ministry of Railways identified Qingdao Sifang Locomotive Co., Ltd., Changchun Railway Vehicles Co., Ltd. and Tangshan Locomotive and Rolling Stock Co., Ltd. as the manufacturers of Multiple unit and high-speed railway, and adopted the technologies introduced from Germany Siemens, France Alstom, Japan Kawasaki and Canada Bombardier to digest, absorb and innovate, making China's high-speed railway technology advance by leaps and bounds, CRRC Qingdao Sifang Locomotive Co., Ltd. overtook CRRC Zhuzhou Locomotive Co., Ltd. to become the largest subsidiary of CRRC and maintained it for a long time. In 2022, CRRC Zhuzhou Locomotive Research and Ownership Co., Ltd., another company located in Zhuzhou, Hunan, overtook Qingdao Sifang Locomotive Co., Ltd. and became the largest subsidiary of CRRC, with a large gap, So what kind of companies are CRRC Sifang Locomotive Co., Ltd. and CRRC Zhuzhou Institute? What will happen to the following two? This article provides a detailed analysis and discussion.

Almost all core parts are developed and produced by Zhuzhou Institute

In 2021, Sifang Group achieved a turnover of approximately 38 billion yuan, and in 2022, Sifang Group achieved a turnover of approximately 31 billion yuan with a profit of approximately 2.58 billion yuan. In 2021, Zhuzhou achieved a sales revenue of approximately 36.2 billion yuan, and in 2022, Zhuzhou achieved a sales revenue of approximately 42.4 billion yuan, with a profit of approximately 3.28 billion yuan. Both sales revenue and profit of Zhuzhou exceeded that of Sifang Group.

2021

2022

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CRRC Zhuzhou Institute is an incomparable company, the most potential and explosive company of CRRC, the heart and brain of China's high-speed railway. It has ten major subsidiaries, two listed companies, eleven national scientific research and innovation platforms, three enterprise postdoctoral research stations, five overseas technology research and development centers, and eleven overseas branches (subsidiaries). The company has nearly 7000 R&D personnel, one academician of the CAE Member, more than 240 doctors and more than 3000 masters.

CRRC Zhuzhou Institute adheres to innovation driven development and actively implements national strategies such as "technology power", "transportation power", "3060 carbon peak carbon neutrality", and "maritime power". Based on the transportation and energy fields, it has accumulated three core technologies of "devices, materials, and algorithms", and has created rail transit, new materials, new energy, power electronic devices, automotive electric drive, marine engineering equipment, industrial electrical Eight major industrial sectors including smart rail express system.

CRRC Zhuzhou is currently located on several of the hottest tracks in China, with strong layout and ranking among the top.

In the field of chip semiconductors, its subsidiary Times Electric is one of the largest research and development centers and production bases for power semiconductors in China. Its high-power ijbt ranks first in the world, and it lags behind in the field of medium and low power semiconductors, especially automotive semiconductors. Along with Star Semiconductor, it leaps to the forefront of the country, challenging Infineon's position.

2.2022

In the field of wind power, Zhuzhou Institute's wind power industry has reached an annual sales revenue of around 16 billion yuan, becoming the top six in the industry and successfully entering the offshore wind power field.

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In various fields such as engineering machinery, ocean engineering, and artificial sun, Zhuzhou Institute has sufficient technological reserves and has accumulated rich experience.

Facing the rising sun, Zhuzhou Institute is full of vitality and infinite expectations, and will soon enter the ranks of billions. We hope that Zhuzhou Institute, together with Qingdao Sifang, can make greater contributions to China's high-speed rail industry and high-tech development. We wish Zhuzhou Institute, Qingdao Sifang, and hope that you will continue to strive and create brilliance.

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