The history of China Railway No. 3 Engineering Group Co., Ltd. (hereafter referred to as the "CR3" or "Group") can be traced back to 1952 when its predecessor, known as No. 3 Engineering Bureau of the Ministry of Railways, was established. CR3 is a wholly-owned subsidiary of China Railway Group Limited, one of the biggest construction enterprises in the world, ranking among the Fortune Global 500 and being listed on the Shanghai and Hong Kong stock exchanges. CR3 was restructured into a limited liability company in November 2000 and, due to its long-term activity, it has been transformed into a large comprehensive construction enterprise capable of undertaking general contracting for various categories of construction projects and project management. We provide comprehensive solutions for every phase of project development and our extensive portfolio of projects encompasses nearly every segment of construction and civil engineering industry. In fact, CR3 was one of the first nationwide contracting enterprises with a special-class qualification for general contracting for railway projects. What is more, we deal with machinery and equipment leasing, management of passenger railway lines and special-purpose industrial siding railway. In addition, we are also active in the fields of investment and BT project construction, real estate development, port and waterway construction, water conservancy & hydropower plants construction as well as survey, design and consulting services for construction works.
Our scope of business is not limited merely to China. We have successfully undertaken construction projects in more than 10 foreign countries and regions (including Singapore, India, UAE, Tanzania, Nigeria, and Ethiopia to name a few) and thereby gained rich experience in management of overseas projects.
As of 2013, the enterprise employs over 26,000 workers, more than half of whom are managerial personnel and technicians, including approximately 1,000 personnel with senior technical titles and over 600 personnel with certified professional qualifications in design, construction and other relevant specialties. There are 21 functional departments in our headquarters, 18 subsidiaries, 4 branches and 8 regional construction site HQs. The total assets of the Group amounts to ¥20,358,000,000 CNY ($3,284,194,000 USD) The Group is in possession of 5754 items of various equipment and its annual construction and production capacity reaches ¥40,000,000,000 CNY ($6,452,882,000 USD)
During the 12th five-year plan period, the Group established an overall development strategy based on several significant assumptions. Firstly, the main line of our business is construction industry, with infrastructure construction at its core. Secondly, we wish to become even stronger in railway projects and more involved in non-railway-related undertakings. Thirdly, we aim at expanding overseas businesses in markets all over the world. Fourthly, we wish to gradually make a shift from extensive growth to intensive growth by moving onward towards lean management, and thus promoting value defined by our customers. We strongly believe that our modus operandi with support from various sectors of society will lead to further development and by the end of the 12th five-year plan period the Group will have established its position as a new type of general contractor enterprise with a reasonable product offer, optimized organization structure, effective modes of management and control and a larger operating scale leading to greater profitability.
