China Railway No.2 Group
| Company type | State-owned enterprise |
|---|---|
| Industry | Construction |
| Predecessor | Second Bureau of Engineering under the Ministry of Railways (formed 1978) |
| Founded | 1998 |
| Headquarters | Chengdu , China |
| Parent | China Railway Group Limited |
China Railway No.2 Group Co., Ltd. and China Railway Erju Engineering Co., Ltd. were affiliated entities that operated under a parent-subsidiary model within China Railway Erju Co., Ltd. (CREC). This conglomerate is a construction enterprise based in Chengdu, China.
Previously, China Railway Erju was publicly traded on the Shanghai Stock Exchange. It functions as an indirect subsidiary of China Railway Group Limited (also known as CREC), which succeeded the China Railway Engineering Corporation and is managed by the State-owned Assets Supervision and Administration Commission of the State Council.
In January 2017, China Railway Group Limited executed a backdoor listing involving selected assets and privatized China Railway Erju's subsidiary, China Railway Erju Engineering Co., Ltd. (). After these changes, China Railway Erju was rebranded as China Railway Hi-tech Industry (CRHIC).
Origins
The enterprise was founded in 1998 as China Railway No.2 Group Co., Ltd. (), with its origins dating back to 1978 when the Second Bureau of Engineering under the Ministry of Railways () was formed. Its lineage extends even further to 1950, culminating in the division that created the second and fifth bureaus in 1978.
Public Offering
In 2000, China Railway Engineering Corporation, then serving as the parent organization, separated from the Ministry of Railways. In 1999, a majority of China Railway No.2 Group Co., Ltd.'s assets were allocated to a newly established subsidiary, China Railway Erju Co., Ltd., which subsequently went public on the Shanghai Stock Exchange in 2001. Later, an intermediate holding company, China Railway Group Limited, was created and listed in 2007.
The subsidiary China Railway Erju Engineering () was launched in 2015.
Transition to Private Ownership
By January 2017, ownership of China Railway Erju Engineering returned to China Railway Group Limited, resulting in both it and China Railway No.2 Group Co., Ltd. becoming sister companies without a direct parent-subsidiary relationship. Simultaneously, China Railway Group Limited transferred assets into China Railway Erju Co., Ltd. through a backdoor listing, which was then renamed China Railway Hi-tech Industry.
China Railway Erju Construction Co., Ltd. () is held jointly by China Railway Erju Engineering and China Railway No.2 Group directly as well as indirectly via China Railway Group Limited.