Railmaker banks on innovation to sustain earnings growth

China Railway Rolling Stock Corp will deepen State capital management reform, bolster the role of its industrial investment and financial holding companies, and utilize innovation to boost its earning strength in the years ahead.

The company is one of the country's leading railway vehicle and equipment manufacturers and exporters.

CRRC is one of 10 centrally-administered State-owned enterprises selected by the State-owned Assets Supervision and Administration Commission of the State Council to build world-class companies by the end of 2018. The group has made steady progress in mixed-ownership reform, helping to pare its excess production capacity.