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. It is currently responsible for the operation of Shanghai Metro. This includes investment, financing and operation management, and owns most of the assets of Shanghai Metro. The name is derived from Shen () is the alternative name of Shanghai, while Tong () literally means transportation.
Parent and owner
Shentong Metro Group 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 () (also known as Shanghai Chengtou (Group) Co., Ltd. ()).
Shentong Metro Group was established on 28 April 2000 with a registered capital was 26 billion yuan (Shanghai Jiushi Company invested 60%: 15.6 billion yuan; Shanghai Municipal Investment Group invested 40%: 10.4 billion yuan).
In 2001 the Shanghai Municipal People 's Government approved the "Shanghai Municipal People's Government's Approval in Principle of the Municipal Planning Commission and the Municipal Construction Commission's Opinions on Improving the "Four-Separate" System of Shanghai Rail Transit" (Hu Fu [2001] No. 13): Shentong Metro Group is the representative of the municipal government's investment in rail transit, as the municipal-level investor in the construction of Shanghai's rail transit network, undertakes the investment and financing functions of the Shanghai government in the field of rail transit. As a consequence, on 29 June 2001 Shentong Metro Group acquired Shanghai Lingqiao Tap Water Co., Ltd. () and renamed it on 25 July 2001 to Shanghai Shentong Metro Co., Ltd ().
The company received huge subsidies in order to provide affordable transport in Shanghai. In 2015 the company increased the share capital from to .
Subsidiaries
Since 2014, after the internal reorganization, Shentong Metro Group has the following subsidiaries: Shanghai Shentong Metro Co., Ltd. (, , 58.34%) 6 operation companies (see list below) 23 line asset companies (see list below) Shanghai Metro Maintenance Branch () with subsidiaries: Vehicle Branch CRSC Branch Shanghai Metro Operation Center Ticket Management Department () Shanghai Metro Power Supply Branch () Asset Investment Management Company () Shentong Metro Construction Group ()
Shentong Metro
Shanghai Shentong Metro Co., Ltd () known as Shentong Metro () is listed on the Shanghai Stock Exchange with stock code: . Shentong Metro Group is the major shareholder with 58.43% of the shares. Shentong Metro became the first listed company in mainland China to engage in rail transit investment and operation. At present, the company consists of the headquarters and 4 subordinate subsidiaries: Shanghai Keolis Public Transport Operation Management Co. Ltd. () (established on 30 June 2014). A joint venture with Keolis (owning 49% of the shares). Sichuan Development Shanghai Keolis Public Transport Operation Management Co., Ltd. (), with a registered capital of 50 million yuan, Shanghai Keolis holds 51% of the shares, and Sichuan Railway Transportation () holds 49% of the shares. It will operate is the Dujiangyan MTR passenger line with expected opening November 2022. Shanghai Metro Financial Leasing Co., Ltd. () (established on 30 October 2013). Shanghai Metro New Energy Co., Ltd. () (established on 25 December 2018). Shanghai Shentong Jianheng Rail Transit Testing and Certification Co., Ltd. () (established on 16 January 2019). A joint venture with Beijing Jianheng Certification Center Co., Ltd. () each owning 50% of the shares.