智通财经网·2025-11-27 11:19Core Viewpoint - China CNR Corporation Limited (601766.SH) plans to spin off its subsidiary, CRRC Qishuyan Locomotive and Rolling Stock Research Institute Co., Ltd. (referred to as "CRRC Qishuyan"), for listing on the Shenzhen Stock Exchange's Growth Enterprise Market, which will not affect the shareholding structure of China CNR [1] Group 1 - The spin-off will allow China CNR to further focus on its core businesses, including railway equipment, urban rail and infrastructure, new industries, and modern services [1] - The completion of the spin-off will enable China CNR to transform into a "manufacturing + services" and system solutions provider [1] - CRRC Qishuyan will be developed into an independent listed platform focusing on high-end equipment key components and system solutions, enhancing its professional operational capabilities [1] Group 2 - The spin-off is expected to leverage capital markets to increase investment and development in industrial transmission and metal materials technology, thereby enhancing CRRC Qishuyan's comprehensive competitiveness in specialized fields [1] - This move is aimed at supporting the continuous high-quality development of CRRC Qishuyan [1]