In the afternoon of 10 December, the signing ceremony of the strategic cooperation agreement between Shandong Energy and CRRC was held in Jinan. By combining short-term goals with long-term goals, the two sides intended to establish a long-term cooperation mechanism with multi-level, multi-field and multi-form cooperation, in order to promote mutual benefit and common development. Mr. Liu Hualong, Chairman of CRRC and Secretary of CPC CRRC Committee, Mr. Li Xiyong, Chairman of Shandong Energy Group and Secretary of CPC Shandong Energy Committee and Mr. Man Shengang, General Manager of Shandong Energy and Deputy Secretary of CPC Shandong Energy Committee attended the ceremony.
During the meeting, Mr. Li Xiyong introduced the reform and development of Shandong Energy after its reorganization. Shandong Energy，with focus on transformation and upgrading of its "six pillar industries", has optimized the energy structure and the industry planning, which has stimulated new vitality. CRRC and Shandong Energy have natural complementary synergy in multiple industries. He hoped that both parties will continue to explore broader cooperation while strengthening current cooperation, and jointly create new heights for enterprise development.
Mr. Liu Hualong introduced CRRC's economic performance this year. He said that as a domestic first-class energy group, Shandong Energy Group has many highlights and experiences that CRRC can learn from. Over years of increasingly close cooperation, the two parties have accumulated valuable experience and broad consensus on cooperation. He hoped that both parties would give full play to their respective advantages so as to achieve mutual benefit and win-win results.
At the signing ceremony, Mr. Man Shengang and Mr. Wang Gongcheng, CRRC Vice President signed a strategic cooperation framework agreement on behalf of both parties.
Mr. Yue Baode, Board Director of Shandong Energy and Deputy Secretary of CPC Shandong Energy Committee and Mr. Yu Weiping, CRRC Vice President attended the activities.
CRRC, under the supervision and management of the SASAC, is a leading enterprise in the rail transportation equipment manufacturing industry. It is mainly engaged in the research and development, manufacturing, sales, repair and leasing of railway locomotives, passenger cars, freight cars, EMUs, urban rail and subway vehicles and important parts and components. In terms of internationally leading railway locomotives and urban rail subways, CRRC has a complete system composing of independent R&D, large-scale manufacturing, and standard services.