Type subsidiary Revenue CN¥8.8 billion (2015) Founded 19 April 2000 | Area served Shanghai Headquarters Shanghai, China Parent organization Shanghai Jiushi Group | |
Founder Shanghai Jiushi
Shanghai Municipal Investment Operating income Profit (CN¥3.6 billion) (2015) Subsidiaries Shanghai Shentong Metro Co., Ltd | ||
Shanghai Shentong Metro Group Co., Ltd. known as Shentong Metro Group is the operator of Shanghai Metro and Shanghai Maglev Train, as well as the parent company of the listed company Shanghai Shentong Metro which owned the concession to run Line 1 (Xinzhuang to Shanghai Railway Station only) until 2021. Shentong Metro Group itself, is a subsidiary of Shanghai Jiushi Group (for 66.57% stake), a state-owned enterprise. The minority interests (33.43% stake) was owned by another Shanghai state-owned enterprise Shanghai Municipal Investment Group. (Chinese: 上海城投(集团)有限公司).
The company received huge subsidy in order to provide affordable transport to the citizen. In 2015 the company increased the share capital from CN¥117.0 billion to CN¥164.8 billion.
Shen (Chinese: 申) is the alternative name of Shanghai, while Tong (Chinese: 通) literally means transportation.