China Railway Corporation Limited (601766.SH, hereinafter referred to as "China Railway") announced on February 22 that Ma Yun was the president of the company; Lin Cunzeng, Wang Feng and Liu Kean were vice presidents. After a lapse of half a year, the Chinese car will be fully equipped with one head and four pairs at the president level.

In July 2023, Wang Gongcheng, the former vice president of CRRC, was appointed by the State Council as the deputy director of the State Tobacco Monopoly Administration. In September, Wang Jun stepped down as the vice president of CRRC; until January 2024, the former vice president of CRRC After Ma Yun was the general manager of CRRC Group Co., Ltd. (hereinafter referred to as "CRRC"), in fact, only Weiping was left as the vice president of CRRC.

Ma Yunshuang was born in 1971 and is 53 years old. He has served as deputy general manager, vice chairman and general manager of CSR Qingdao Sifang; he has been vice president of CRRC since October 2019 and general manager of CRRC in January 2024.

On January 9, 2024, CRRC and the State-owned Assets Supervision and Administration Commission of the State Council jointly issued a public announcement of supplementary candidates for the Standing Committee of the Party Committee of CRRC. A total of three people were Wang Feng, Chairman of CRRC Changchun Rail Bus Co., Ltd., and CRRC Zhuzhou Electric Locomotive Liu Kean, General Manager of Research Institute Co., Ltd., and Lin Cunzeng, Chairman of CRRC Dalian Locomotive and Rolling Stock Co., Ltd. By January 16, the publicity was completed, and the three people were members of the Standing Committee of the Party Committee of CRRC (for details, please refer to the report of China Business Network on February 4, "Ma Yun is the general manager of CRRC Group, Lin Cunzeng and other three alternate CRRC executives").

The new president and vice president have a lot in common. They are all born in the 70 s, including two from the original CSR and two from CNR. When the "North and South Cars" merged in 2015, all of them worked in subordinate companies., None of them have any experience as a senior manager of CNR. At present, at the level of president and vice president of CNR, only Yu Weiping, born in 1966, has high-level work experience of CNR (former vice president of CNR); from the resume, all four have a single job experience, and all have worked in a company affiliated to CNR for a long time; among the new four, Lin Cuncheng and Wang Feng are the youngest, both born in 1973 and 51 years old this year.

In terms of other executives, Sun Yongcai, Chairman of China Railway Corporation, Wang Ammonium, Executive Director, Li Zheng, Chief Financial Officer, Feng Jianzhong, Secretary of the Disciplinary Committee, the oldest of China Railway Corporation executives is 60-year-old Sun Yongcai, and the youngest is this year. 44-year-old Feng Jianzhong.

it is worth mentioning that ma yun, who took up his new post, was led by lou qiliang. in September 2023, lou qiliang resigned as the president of China railway communication and signal co., ltd. (688009.SH, hereinafter referred to as "China pass") (for details, please refer to the report of China business network on September 14, 2023, "lou qiliang resigned as the president of China train to China pass"). On February 21, 2024, China Pass issued an announcement, Lou Qiliang took office as chairman of China Pass (see China Business Network on February 22, "China Pass Election Lou Qiliang for the chairman of the board of directors of China Central Car frequent export executives in recent years").

After Lou Qiliang was elected as the chairman of the China General Number, the three presidents of China Railway Corporation, including him, have been the chairman of central enterprises since its establishment. Xi Guohua, the first president of CNRC, is now the chairman of China CITIC.

China's 2022 operating income of 222.939 billion yuan, down 1.24 percent year-on-year; net profit of 11.653 billion yuan, up 13.11 percent year-on-year. In 2022, China's new orders for the whole year were about 279.1 billion yuan, up 26.29 percent from the same period of last year, of which the new orders for international business were about 50.9 billion yuan, up 45.43 percent, which was the highest point for China's overseas orders since 2017 (see China Business Network's report on March 30, 2023, "China's net profit increased 13%, overseas orders increased 40% in 50.9 billion yuan, a 6-year high").