Shentong Metro Group

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 Co., Ltd. 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).

Shanghai Shentong Metro Group Company Limited
TypeSubsidiary
Industry
  • Rail transport
  • Real Estate
Founded19 April 2000 (2000-04-19)
Founder
  • Shanghai Jiushi
  • Shanghai Municipal Investment
Headquarters
Shanghai
,
China
Area served
Shanghai
RevenueIncrease CN¥8.8 billion (2015)
Decrease (CN¥11.4 billion) (2015)
Decrease (CN¥3.6 billion) (2015)
Total assetsIncrease CN¥302.6 billion (2015)
Total equityIncrease CN¥154.7 billion (2015)
OwnerShanghai Government (100%)
ParentShanghai Jiushi Group
SubsidiariesShanghai Shentong Metro (58.43%)
Websiteshmetro.com
Footnotes / references
in a consolidated basis[1]
Shanghai Shentong Metro Group Co., Ltd.
Simplified Chinese上海申通地铁集团有限公司
Traditional Chinese上海申通地鐵集團有限公司
Shentong Metro Group
Simplified Chinese申通地铁集团
Traditional Chinese申通地鐵集團
Shentong Metro
Simplified Chinese申通地铁
Traditional Chinese申通地鐵

The company received huge subsidies in order to provide affordable transport in Shanghai.[1] In 2015 the company increased the share capital from CN¥117.0 billion to CN¥164.8 billion.[1]

Shen (Chinese: ) is the alternative name of Shanghai, while Tong (Chinese: ) literally means transportation.

The group was planned to inject real estate assets to the listed subsidiary in 2017.[2] However, the plan was scrapped in June 2017.

SubsidiariesEdit

  • Shanghai Maglev Transportation Development Co., Ltd. (Chinese: 上海磁浮交通发展有限公司 100%)[1]
  • Shanghai Metro Operation Co., Ltd. (Chinese: 上海地铁运营有限公司 100%)[1]
  • Shanghai Metro No.1 Operation Co., Ltd. (Chinese: 上海地铁第一运营有限公司 100%)[1]
  • Shanghai Metro No.2 Operation Co., Ltd. (Chinese: 上海地铁第二运营有限公司 100%)[1]
  • Shanghai Metro No.3 Operation Co., Ltd. (Chinese: 上海地铁第三运营有限公司 100%)[1]
  • Shanghai Metro No.4 Operation Co., Ltd. (Chinese: 上海地铁第四运营有限公司 100%)[1]
  • Shanghai Shentong Metro Co., Ltd. (Chinese: 上海地铁股份有限公司, SSE: 600834, 58.34%)
  • Shanghai Keolis Public Transport Operation Management Co. Ltd (Chinese: 上海申凯公共交通运营管理有限公司, 51%)

ReferencesEdit

  1. ^ a b c d e f g h i "2015 Annual Report". Shanghai Shentong Metro Group (in Chinese). archive of chinamoney.com.cn. 28 April 2016. Retrieved 21 October 2016.
  2. ^ 申通地铁:重组拟收购轨道交通上盖物业开发资产 (in Chinese). cnstock.com. 15 March 2017. Retrieved 30 August 2017.

External linksEdit