Shanghai Maglev Transportation Development
| subsidiary | |
| Founded | 19 April 2000 |
| Founder |
|
| Headquarters | Shanghai, China |
|
Area served
|
Shanghai |
| Revenue |
 CN¥8.8 billion (2015) |
 (CN¥11.4 billion) (2015) |
|
| Profit |
(CN¥3.6 billion) (2015) |
| Total assets |
CN¥302.6 billion (2015) |
| Total equity |
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 | ||||||
|
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Shànghǎi shēntōng dìtiě jítuán yǒuxiàn gōngsī |
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | shēntōng dìtiě jítuán |
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | shēntōng dìtiě |
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: 申) is the alternative name of Shanghai, while Tong (Chinese: 通) literally means transportation.
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Wikipedia