China Railway
Rail a Transportation and
Equipment Industry Report, 2009-2010
To accelerate railway construction has been taken by China
central g
government as an important
p
measure to stimulate
domestic demand and propel economic growth since 2008, when
the worldwide economic downturn occurred. In 2009, China’s
railway fixed assets investment exceeded RMB700 billion, up
69 1% year-on-year.
69.1%
With the recovery of the economy and rising investment in railway
construction,, the railwayy transport
p industryy also has witnessed
rapid growth. In 2009, China’s railway achieved 86,000 km of
operating mileage, surpassing Russia to rank the 2nd place
around the world. Besides, it transported 1.53 billion passengers
in all in 2009 around, up 4.3% year-on-year; and 3.22 billion
tons of cargo, rising 1.9% year-on-year.
Y-o-Y Growth of China’s Railway Fixed Assets Investment, 2004-2009
Source: Ministryy of Railways
y
Locomotive: The period of 2005-2009 witnessed the acceleration of China’s locomotive growth, and the output
reached 1,810 units in 2009, up 23.6% from a year earlier, which was 2.2 times that of 2005. With the improving rate
of railway network electrification and the development of high-power locomotive, it is expected that China’s locomotive
demand will be nearly 2,000 units in 2011 and around 2,200 units in 2012.
Railway Wagon: During 2009H1, the wagon market remained depression, which resulted in a 25.5% y-o-y
y o y drop in
wagon output of the whole year, down to 44,122 sets. In spite of a fall in the growth of the wagon industry in
2009, the wagon suppliers with certain competitiveness still made remarkable achievements, for instance, CNR
Qiqihar Railway Rolling Stock Co., Ltd, China’s biggest manufacturer of railway wagon, took a 27% market share, and
its sales revenue reached RMB5.67 billion in 2009, up 11.6% year-on-year; and wagon output was 12,000 tons, up
14% year-on-year.
Railwayy Passenger
g Coach: Fueled by
y the p
policy
y of making
g up
p for the shortage
g of freight
g traffic by
y increasing
g the
passenger traffic carried out by the Ministry of Railways of the People’s Republic of China, China’s Railway
passenger coach made breakthroughs in 2009, with the population hitting 49,355 units, up 9.5% from a year
earlier; and the output 7,167 sets, rising 142.3% year-on-year.
EMU: CSR and CNR, China’s biggest suppliers of railway locomotive and rolling stock, respectively accounts for
60% and 40% shares in EMU field. In 2009, they both delivered 89 EMUs in total, CSR 49 and CNR 40 separately.
EMU Delivery
y of CSR and CNR,, 2006-2011E
Source: ResearchInChina
As four vertical and four horizontal railway passenger transportation lines and intercity railways in six metropolitan
areas have been successively constructed, EMU in China will enter a rapid development period in the future and the
delivery of EMUs will grow incessantly. It is expected that the EMU delivery of CSR and CNR will arrive at 200 units
and 150 units respectively in 2011.
Table of Contents
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1. Development Environment of China’s Railway
Transportation Industry
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1.1 Policy Environment
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1.1.1 Policies Related to Railway Transport
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1 1 2 Policies Related to Railway Equipment
1.1.2
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1.2 Social Environment
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1.2.1 Urbanization
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1 2 2 Transport with the Trend of Low Carbon
1.2.2
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1.2.3 Transport with the Trend of Low Energy
Consumption
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2. Status Quo of China’s Railway Investment &
Construction
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2.4 Latest Railway Network Plan
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3 China’s Railway Transportation Industry
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3.1 Development Overview
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3.2 Railway Freight
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3.2.1 Transportation Lines
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3.2.2 Freight Capacity
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3.2.3 Locomotive Market
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3.3 Railway Passenger Transportation
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3.3.1 Transportation Lines
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3.3.2 Freight Capacity
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3.3.3 Locomotive Market
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2.1 Investment
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2.2 Railway Network Construction
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4 Railway Equipment Industry
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2.2.1 National Backbone Network
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4.1 Entering a Golden Development Period
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2.2.2 Regional Railway Trunkline Network
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4.2 Investment Layout
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2.2.3 High Speed Rail
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4.3 Market Scale
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2.3 Railway Operation
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4.4 Production
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4.4.1 Locomotive
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5 3 1 CSR Qishuyan Locomotive Co
5.3.1
Co., Ltd
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4.4.2 Passenger Coach
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4.4.3 Wagon
5.3.2 CNR Dalian Locomotive & Rolling Stock Co.,
Ltd
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4.4.4 EMU
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4.5 Demand
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6 Key EMU Companies
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4.6 Import & Export
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6.1 Competition Pattern
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4.6.1 Import
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6.2 CSR Sifang Locomotive & Rolling Stock Co., Ltd
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4.6.2 Export
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6.2.1 Profile
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4.6.3 Import & Export Comparison
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6.2.2 Operation
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4.6.4 Export Orders of Key Companies
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6.2.3 Competitive Edge of Products
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4.7 Competition
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6.2.4 Development Plan
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6.3 CNR Tangshan Railway Vehicle Co., Ltd
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5 Key Locomotive Companies
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6.3.1 Profile
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5.1 Competition Pattern
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6.3.2 Competitive Edge of Products
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5.2 Key Electric Locomotive Companies
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6.3.3 Development Plan
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5.2.1 CSR Zhuzhou Electric Locomotive Co., Ltd
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5.2.2 CSR Qishuyan Locomotive Co., Ltd
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7 Key Railway Vehicle Companies
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5.2.3 CNR Dalian Locomotive & Rolling Stock Co.,
Ltd
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7.1 CNR Changchun Railway Vehicles Co., Ltd
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7.1.1 Profile
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5 2 4 CNR D
5.2.4
Datong
t
El
Electric
ti L
Locomotive
ti C
Co., Ltd
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7.1.2 Products
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5.3 Key Diesel Locomotive Companies
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7.2 CSR Nanjing Puzhen Rolling Stock Works
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7.2.1 Profile
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7.2.2 Products
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8 Key Railway Lorry Companies
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8.1 Competition
C
Layout
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8.2 CNR Qiqihar Railway Rolling Stock Co., Ltd
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8.2.1 Profile
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8.2.2 Products
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8.2.3 Technical Strength
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8.3 Baotou Beifang Chuangye Co., Ltd
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8.3.1 Profile
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8.3.2 Products
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8.4 CSR Zhuzhou Rolling Stock Works
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8.4.1 Profile
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8.4.2 Products
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8.4.3 Technical Strength
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8.5 Chongqing Changzheng Heavy Industry Co.,
Ltd
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8 5 1 Profile
8.5.1
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8.5.2 Products
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8.5.3 Strategies
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8.6 CSR Yangtze Rolling Stock Co., Ltd
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8.6.1 Profile
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8.6.2 Products
Selected Charts
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China’s Related Policies to Railway Transportation, 2009-2010
China’s Urban and Rural Population
p
and Urbanization Rate, 1997-2009
Number and Forecast of Large-size Cities, 1975-2025
Origins of Carbon Dioxide from Mankind Activity Worldwide
Origins of Carbon Dioxide Produced by Transportation of EU 27 Countries
Energy Consumption and CO2 Emissions by Transportation Mode
China’s National Railway Chemical Oxygen Demand and Carbon Dioxide Emissions,
2006-2009
Energy Consumption Density of Freight
Energy Consumption Density of Passenger Transportation
Railway Fixed-assets Investment Categories, 2009
China’s Railway Fixed-assets Investment, 2003-2010Q1
China’s Railway Infrastructure Investment, 2003-2010Q1
Ch
Changes
iin th
the R
Ratio
ti off IInvestments
t
t Made
M d b
by Mi
Ministry
i t off R
Railways
il
off P
P.R.C,
R C 2001
20012008
Railway Fixed Assets Investment Capital Sources, 2004-2008
Five Vertical and Three Horizontal Trunk Lines of China Railways
China’s Regional Railway Trunk Line Network
World’s High Speed Rail Operating Lines
World’s High Speed Rail Market
Investment of China’s Key Built High Speed Rail Projects, 2008-2011
Net Profit Margin of Transportation Division, Japan’s Railway Operating Company
Operating Cost of JR-West Company
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Operating Cost of JR East Company
Taiwan High Speed Rail Investment Cost Structure
China’s Railway Operating Mileage, 2003-2009
Objectives of China’s Railway Plan
China’s Cargo Turnover Structure by Transport Means, 1978&2009
China’s Passenger Turnover Structure by Transport Means, 1978&2008
China’s Passenger and Cargo Transportation CAGR by Transport Means, 1989-2008
China’s Main Freight Lines
Medium and Long-term
Long term Planning for Railway Coal Transportation System
China’s Railway Cargo Delivery Quantity and Y-o-Y Changes, 2003-2009
China’s Railway Freight Turnover, 2003-2009
China’s Railway Freight Locomotive Population, 2007-2009
China’s
China
s Main Passenger Transportation Lines
Construction Plan of China’s Passenger Transportation Lines
Intercity Railway Construction Plan
China’s Railway Passenger Delivery Volume, 2003-2009
China’s Railway Passenger Turnover, 2003-2009
China’s Railway Locomotive Population, 2007-2009
Market Capacity and Growth Expectation of China’s Railway Equipment Industry,
2006-2020
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China’s Vehicle Investment Categories, 2008
China’s Locomotive Population, 1985-2020E
China’s Railway Passenger Coach Population, 1985-2020E
China’s Railway Wagon Population, 1985-2020E
China’s Locomotive Procurement Investment and Y-o-Y Changes, 2003-2012
China’s Locomotive Output, 1990-2009
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China’s Railway Passenger Coach Output, 1990-2009
China’s Railway Wagon Output, 2006-2009
China’s Locomotive, Passenger Coach and Wagon Output, 2009-Mar, 2010
Japan’s and Germany’s EMU Population and Density
China’s EMU Population and Newly-added Volume Forecast
China’s EMU Market Capacity, 2012-2020E
EMU Bidding in Past Years
China’s Electrification Rate, 2001-2020E
China’s
China
s Electric Locomotive Population, 1985-2020E
1985 2020E
China’s Locomotive Demand, 2003-2020E
Railway Vehicle, Rail Equipment and Signal Equipment Import Value and Y-o-Y
Change, 2006-2009
Railwayy Vehicle,, Rail Equipment
q p
and Signal
g
Equipment
q p
Import
p Value and Y-o-Y
Change in China, Jan-Dec, 2009
Four Types of Railway Equipment Export Contracts
Railway Vehicle, Rail Equipment and Signal Equipment Export Value and Y-o-Y
Change, 2006-2009
Railway Vehicle, Rail Equipment and Signal Equipment Export Value and Y-o-Y
Change in China, Jan-Dec, 2009
Export Orders (Partial) of CNR in Recent Years
Export Orders (Partial) of CSR in Recent Years
Operating Revenue Comparison between CNR and CSR, 2006-2009
Main Business Revenue Comparison between CNR and CSR, 2009
Market Share of Harmony AC Drive Locomotive Order
Market Share of 9600KW Harmonyy AC Drive Locomotive Order
Large-power AC Locomotive Order, 2004-2009
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Financial Data of Lioho Light Alloy (Kunshan), 2004-2007
Financial Data of Changfeng Lioho
Lioho, 2006
2006-2007
2007
Financial Data of Nanhai Zhongnan Aluminum Wheel, 2004-2007
Financial Data of Hengju Aluminum, 2002-2004, 2007
Members of Wanfeng Auto
Fi
Financial
i lD
Data
t off W
Wanfeng
f
A
Auto,
t 2004-2007
2004 2007
Revenue, Cost & Operating Profit Margin of Wanfeng Auto Wheel by Product,
2007-2008
Cost Structure of Wanfeng Auto Wheel, 2007-2008
C t Structure
Cost
St t
off Wanfeng
W f
Auto
A t Wheel,
Wh l 2008-2009
2008 2009
Revenue & Operating Profit of Weihai Wanfeng Auto, 2006-2008
Revenue & Net Profit of Ningbo Orwell, 2006-2008
Financial Data of Shenyang Durui, 2004-2007
Financial Data of Shenyang Sanhua Durui, 2004-2007
Financial Data of Shanghai Jinheli, 2004-2007
Shipment of Superior Industries International Attributable to 3 Large American
Automakers, 2006-2008
Automobile Models Supported by Superior Industries International
Global Presence of Hayes Lemmerz
Financial Data of Enkei Aluminium Industry (China), 2004-2008
Financial Data of Dongfeng
g g Suizhou Wheel Factory,
y 2004-2007
Financial Data of Jiangsu Yuantong, 2004-2007
Financial Data of Guangzhou Zhongjing, 2006-200
Revenue and Operating Profit in Automobile, Motorcycle and Construction
Machineryy Parts Sectors, FY2004-FY2009
Global Wheel Production Bases of TOPY
Financial Data of Dicastal Asahi Aluminum, 2005-2009
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Operating Revenue and Net Profit of CSR Zhuzhou Electric Locomotive Co., Ltd,
2008-2009
Electric Locomotive Order of CSR Zhuzhou Electric Locomotive Co., Ltd in Recent
Years
Operating Revenue and Net Profit of CSR Qishuyan Locomotive Co., Ltd, 20082009
China’s EMU Market Shares
300-350km/hour EMU Market Share
CSR and CNR EMU Delivery Volume, 2006-2011E
Operating Revenue and Net Profit of CSR Sifang Locomotive & Rolling Stock Co.,
Ltd, 2008-2009
Nine Core Technologies for EMU
EMU Bid Winning of CSR Sifang Locomotive & Rolling Stock Co., Ltd in Past Years
P
Passenger
C
Coach
hO
Orders
d
off CSR Puzhen
P h in
i R
Recentt Y
Years
Competition Pattern of China’s Railway Wagon Companies, 2009
Revenue Ratios of Baotou Beifang Chuangye Co., Ltd by Product
How to Buy
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Publication date: June 2010
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