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Shanghai Maglev Transportation Development

Shentong Metro Group
subsidiary
Founded 19 April 2000 (2000-04-19)
Founder
  • Shanghai Jiushi
  • Shanghai Municipal Investment
Headquarters Shanghai, China
Area served
Shanghai
Revenue Increase CN¥8.8 billion (2015)
Decrease(CN¥11.4 billion) (2015)
Profit Decrease(CN¥3.6 billion) (2015)
Total assets Increase CN¥302.6 billion (2015)
Total equity Increase CN¥154.7 billion (2015)
Owner Shanghai Government (100%)
Parent Shanghai Jiushi Group
Subsidiaries Shanghai Shentong Metro (58.43%)
Website shmetro.com
Footnotes / references
in a consolidated basis
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

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 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).

The company received huge subsidy in order to provide affordable transport to the citizen. In 2015 the company increased the share capital from CN¥117.0 billion to CN¥164.8 billion.

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


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