Asia300

China Shipbuilding Industry Co., Ltd.

China

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Mar 24, 2017
Prev close: 7.34
Mar 24, 2017
Market cap:
Market cap(USD):
134,775M
19,566M
Shares: 18,361.7M

Currency in CNY

Company profile

Market(Ticker): SHG(601989)
Sector:
Industry:
Producer Manufacturing
Trucks/Construction/Farm Machinery
Full time employees: 57,948

Business summary

China Shipbuilding Industry Co., Ltd. engages in the design, manufacture, and distribution of ships. It operates through the following business divisions: Shipbuilding and Support, Ship Remodeling and Repair, Naval Equipment, Offshore Engineering, and Others. The Shipbuilding and Support division designs, constructs, and upgrades various ships such as bulk carriers, chemical and oil tankers, and container vessels. The Ship Remodeling and Repair division modifies ship designs and restores ships. The Naval Equipment division provides warship diesel engine, shipboard weapons and launchers, communications and navigation equipment, and rugged computers. The Offshore Engineering division engages in the construction of offshore platforms and floating production structure. The Others division offers non-ship products and services such as wind turbine accessories, nuclear power plant emergency generators, and railway equipment and vehicles. The company was founded on March 18, 2008 and is headquartered in Beijing, China.

Company background

China Shipbuilding Industry Corporation (CSIC) is China's state-owned shipbuilder. In addition to civilian vessels, such as freight carriers and oil tankers, CSIC also builds submarines and escort vessels, torpedoes and other weapons, as well as conducts offshore drilling. It is one of China's top 10 military companies, helping to research and make about 80% of the Chinese navy's main equipment.

CSIC was spun off from China State Shipbuilding Corporation in July 1999. It has about 150,000 employees, including China's scientific and technological elites and about 40,000 engineers. It has six national research and development centers, and nine national-class laboratories. Its annual shipbuilding capacity is 15 million tons. It exports liquefied natural gas and liquefied petroleum gas carriers to more than 60 countries.

Its subsidiary, Dalian Shipbuilding Industry, refurbished China's first aircraft carrier, the Liaoning, which was bought from Ukraine. Some market watchers say CSIC is preparing to build the country's second domestic aircraft carrier. CSIC is definitely playing a role in China's maritime advances.

Its other subsidiaries include Bohai Shipbuilding Heavy Industry, Wuchang Shipbuilding Industry Group, Shanhaiguan Shipbuilding Industry and Qingdao Beihai Shipbuilding Heavy Industry.

On May 18 2015, CSIC announced that Chairman Hu Wenming, who only assumed the role in March, had resigned. The reason for his resignation is unknown, but it may have been to do with President Xi Jinping's anti-graft campaign.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 59,591.38M
Gross profit 2,897.72M
Operating income -4,282.12M
Income before tax -2,946.37M
Net income -2,621.48M
EBITDA -1,778.18M
Diluted EPS -0.14
Dividends per share 0
Total assets 207,637.71M
Total liabilities 142,252.03M
Total equity 57,000.85M
Operating cash flow -178.80M

Currency in CNY

Revenue 9,481.34M
Gross profit 461.04M
Operating income -681.31M
Income before tax -468.78M
Net income -417.09M
EBITDA -282.91M
Diluted EPS -0.02
Dividends per share 0
Total assets 31,975.74M
Total liabilities 21,906.49M
Total equity 8,778.00M
Operating cash flow -28.44M

Currency in USD

Valuation measures

Dec 2015

PER --
ROA -1.26%
ROE -4.48%
Operating margin -7.18%
Profit margin -4.39%

Key executive

  • General Manager & Director: Bo Sun
  • Secretary, Chief Financial & Accounting Officer: Wei Hua

Share holders

  • China State-Owned Assets Supervision & Admn Commission(53.1%)
  • China Securities Finance Corp. Ltd.(2.1%)
  • Qianhai Kaiyuan Fund Management Co., Ltd.(1.8%)
  • China Investment Corp. (Investment Company)(1.4%)
  • Fullgoal Fund Management Co., Ltd.(1.4%)
  • China Huarong Asset Management Co., Ltd.(1.2%)
  • ICBC Credit Suisse Asset Management Co., Ltd.(0.5%)
  • China Asset Management Co., Ltd.(0.5%)
  • BlackRock Asset Management North Asia Ltd.(0.3%)
  • CSOP Asset Management Ltd.(0.2%)

Address

  • Website: http://www.csicl.com.cn
  • Address: No. 72, Kunming Hunan Road, Haidian District, Beijing, 100097, China
  • Phone: +86.10.8850.8596

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