Yellow Incorporation campus entrance sign and office buildings

Yellow Incorporation · 1947

Connect people's heartsServe the societyPromote sustainable development

Yellow Incorporation is a diversified multinational holding group headquartered in Einsenland, the capital of Tsing Shing. Its business covers aviation, railways, urban rail transit, technology, industrial manufacturing, medical health, culture, art and higher education.

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Group purpose

Connect people's hearts and serve the society,
technology and culture
Promote sustainable development。

Yellow Incorporation is a diversified multinational holding group headquartered in Einsenland, the capital of Tsing Shing. Since its establishment, the Group has always adhered to its established corporate purpose and is committed to providing high-quality, reliable and innovative services and products in the fields of transportation, manufacturing, technology, medical care, education and culture.

The group adopts a three-tier structure to organize its business: transportation business provides stable cash flow, technology and manufacturing provide capacity supply, and medical care, culture and education assume long-term social responsibilities. This structure determines our capital allocation discipline - the investment ratio of each sector is reviewed by the board of directors every three years and will not be adjusted due to performance fluctuations in a single year.

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Business segment

Eight industries, four types of roles

Starting from a single route in 1947, the group today spans aviation, railways, urban rail, technology, industry, medical care, culture and education. Their roles in the group are not the same.

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Transportation and travel

Aviation, national railways and urban rail transit constitute the group’s revenue base and social service interface.

Technology and Manufacturing

Consumer electronics, software platforms and industrial equipment not only serve the external market, but also serve as technology and production capacity suppliers within the group.

Medical and Health

Diagnosis and treatment network, medical research and development and primary health services are based on accessibility rather than income growth as the primary assessment criteria.

Yellow Medical

Culture and Education

Record production, symphony orchestra and higher education bear the group's long-term cultural commitment and talent supply.

2025 财年

Use scale to illustrate the weight of responsibility

Behind every number of the Group is a set of public services and industrial systems that must continue to operate.

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Business areas

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Core member companies

1947

Group starting year

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Business coverage countries and regions

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Subsidiary companies

Nine member companies

Each company operates independently in its own industry and operates under the unified standards of the group.

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air transport

Yellow Airlines

Bringing the world closer

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national railways

Yellow National Railway

The steel artery that supports the country’s operations

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science and technology

Marcus Elam Corporation

Complete technology stack from chip to ecosystem

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urban rail transit

Tsing Shing Metro

Infrastructure for daily commuting in the capital

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Industrial manufacturing

Tsing Shing Industry

The manufacturing capabilities behind transportation equipment

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medical health

Yellow Medical

Make reliable medical care more accessible

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News Center

Latest news

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Yellow Incorporation headquarters building exterior, circular glass curtain wall and courtyard

Finance and Investors2026 年 7 月 15 日

The group releases performance forecast for the first half of 2026, and the transportation sector continues to recover

The preview shows that operating income in the first half of the year increased by about 7% year-on-year, and the operating profit growth rate was higher than the revenue growth rate. The transportation and travel sectors contributed mainly to the increase, while the technology and manufacturing sectors continued to increase their share of external revenue.

aviation2026 年 6 月 30 日

Yellow Airlines new generation "golden service" cabin is put into operation, with the first batch of twelve wide-body aircraft installed

railway2026 年 6 月 12 日

YNR main line timetable reconstruction completed, transfer waiting time at eight hubs shortened on average

science and technology2026 年 5 月 28 日

Marcus Elam Corporation unified data platform releases new version, accessing the group’s fifth category business data

sustainable development

Emission reduction must fall within the schedule of asset renewal.
instead of falling into the statement

For a group whose main business is transportation, the vast majority of emissions come from the actual operation of aircraft, locomotives and industrial equipment. Therefore, there is only one feasible path for emission reduction: embedding low-carbon requirements into the established cycle of asset renewal.

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Business principles

Six rules that do not change due to performance fluctuations

They are not slogans, but constraints written into the decision-making process and assessment criteria.

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Safety before efficiency

In the four categories of aviation, railway, urban rail and medical services, safety indicators have veto power. Any solution that sacrifices safety margin for efficiency or cost will not enter the decision-making process.

long term capital allocation

The operating cash flow generated by the transportation business is allocated to three long-term commitments of asset renewal, R&D investment and medical, cultural and education in a proportion reviewed by the board of directors every three years, and will not be adjusted due to fluctuations in performance in a single year.

Public service obligations take precedence

National railways and urban railways bear statutory public service obligations. The basic service frequency and affordable fares of remote lines are not based on the profit or loss of a single line.

Technology autonomy and sharing

The technical base of each member company is built on the group's unified computing and data infrastructure to avoid duplication of construction while ensuring that key systems are not subject to a single external supplier.

Academic and artistic independence

The group provides funds, venues and industrial projects for universities and orchestras, but does not intervene in academic and artistic decision-making. The independence of running schools and running leagues is written into their respective charters.

Disclose prior and subsequent positions

In external communications involving transportation safety, public service interruptions and medical incidents, verified facts should be fully disclosed before expressing the group's position, and position statements should not be used as a substitute for factual explanations.

Recruitment

In eight industries,
Find your own runway

Pilots, train drivers, software engineers, clinicians and symphony performers each have independent rank systems and promotion channels here - they do not need to switch to management, the profession itself can reach a high enough position.

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