On July 20, 2020, Zhiqi Railway Equipment Co., Ltd., a joint venture between Zhiqi Railway Equipment Co., Ltd., China Railway Xi'an Bureau Group Co., Ltd. and Beijing China Railway New Material Technology Co., Ltd., was officially registered and established. The company's address is located in Weiyang District, Xi'an City, Shaanxi Province, with a registered capital of 0.15 billion yuan. Its business scope includes railway parts manufacturing and sales, mechanical parts sales, technology development and information consulting services.

As one of the 18 railway bureaus of large-scale railway transportation enterprises managed by China Railway Corporation, Xi'an Bureau is a super-large wholly state-owned enterprise with railway passenger and freight transportation as its main business. The line managed by Xi'an Bureau runs from north to south and from east to west. It is a transportation channel in and out of Sichuan, Chongqing, Yunnan, and southwestern Guizhou. It is one of the important passenger and freight flow distribution centers and transfer hubs in the country. It has an important strategy in the western and even the national road network. position. Tieke New Material is a limited liability company wholly-owned by China Academy of Railway Sciences, relying on the Institute of Metal and Chemistry of the Academy of Railway Sciences. The products are mainly based on thermite welding materials and their supporting products, which are used for seamless line welding of railway, urban subway, light rail transportation and railway transportation in factories and mines, and provide all-round technical support services for welding construction. The integration of the two advantageous resources of Zhiqi is conducive to further expanding the scope of specialization and localization of wheel-to-wheel maintenance, improving the efficiency of parts maintenance, and thus ensuring the demand for transportation power.

Zhiqin Company is the fifth subsidiary of Zhiqi Company's joint venture. Unlike the four subsidiaries before registration, Zhiqin Company's registration is more short-term and efficient. The establishment of Zhiqin Company will effectively give full play to the resource advantages of all parties in the field of wheelset maintenance, such as market, management, technology, talents and equipment, and focus on the maintenance of EMUs, locomotives, vehicles, wheelset maintenance, related spare parts supply, wheelset maintenance, life management and other related businesses, and provide urban rail wheelset maintenance related businesses according to market demand.