Qingdao Kuigang Railway Equipment Group Co., Ltd. was officially established on April 11, 2017. At the same time, the group headquarters moved from No. 67 Jiading Road, Sifang District, Qingdao to the 22nd floor of Xiwang Building, Shibei District Business District, and simultaneously adopted a new company brand logo, marking the group's formal entry into a diversified development stage.

Kuigang Group, formerly known as Qingdao Kuigang Railway Equipment Co., Ltd., was established in 1986. Its main focus is on providing power supply, control, and auxiliary braking systems for high-speed trains, intercity trains, urban rail vehicles, and other sectors. It provides product support and supply for railway passenger car companies such as CRRC Qingdao Sifang Co., Ltd., Pangbadi, and Passenger Car Repair Company; The main products include: vehicle under car electrical and control boxes, Wanke wiring terminals, Amphenol connectors, Parker pneumatic components, PMA hoses and accessories, composite grounding products, Locke sealing frames, etc.

Kuigang Group currently has multiple branches including Qingdao Shensheng Rail Transit, Qingdao Anjie, Kuigang Tielong, Zhengzhou Jiande, Zhengzhou Ruiyang, Chengdu Shengxian, etc. It has diversified its layout in the rail transit industry and formed a strong camp.

In 2018, the construction of the Shensheng New Factory, a Qingdao production base with a total investment of 323 million yuan, began. The new factory is located in the core of the "World High Speed Rail Town" in Chengyang District, Qingdao, adjacent to leading rail transit enterprises such as CRRC Sifang Co., Ltd., CRRC Sifang Co., Ltd., and Bombardier. The total construction area is 31240.18 square meters, and it is a modern industrial park integrating multiple independent buildings such as office buildings, mechanical/electrical workshops, testing workshops, and logistics warehouses. On July 31, 2020, the new factory area of Shensheng was officially put into operation.

Facing the future, Quigang Group will take "committed to becoming an industry benchmark" as its own responsibility, adhere to "innovation for the benefit of customers", firmly seize the strategic opportunities such as the "the Belt and Road Initiative" and the great development of rail transit equipment industry, vigorously implement the diversified development strategy, spare no effort to break through the products and core special technologies that occupy the commanding heights of the industry, realize the integration with world standards and core technologies, build an advanced independent innovation platform, and strive to build Quigang Group into an excellent comprehensive supplier of rail transit equipment in the industry.