Type Public Industry Construction Headquarters Chengdu, China Founded 1950 | Traded as SSE: 600528 Net income CN¥409,287,659 (2013) Revenue 79.57 billion CNY (2013) | |
Total assets CN¥51,146,777,509 (2013) Total equity CN¥5,945,245,538 (2013) Stock price 600528 (SHA) CN¥ 15.94 +0.06 (+0.38%)3 Mar, 3:00 PM GMT+8 - Disclaimer Parent organization China Railway Group Limited | ||
China Railway Erju Co., Ltd. (CREC, SSE: 600528) is a Chinese construction company based in Chengdu. A listed company in Shanghai Stock Exchange, Erju (literally means the second bureau [of former Ministry of Railways]) is a subsidiary of China Railway Group Limited (CREC), which in turn an indirectly supervised by State-owned Assets Supervision and Administration Commission.
Contents
History
The predecessor of the company was found in 1998 (China Railway No.2 Engineering 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 construction of the Ministry of Railways. (Chinese: 铁道部第二工程局) The original second bureau could traced back to 1950, but in 1978 split into second and the fifth bureau.
In 2000, China Railway Engineering Corporation, the parent company, was independent from the ministry. In 2001, most of the assets of "China Railway No.2 Engineering Group Co., Ltd." was injected into a new subsidiary and floats in Shanghai Stock Exchange.