Asia300

China Shipbuilding Industry Co., Ltd.

China

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Jul 25, 2017
Prev close: --
Jul 25, 2017
Market cap:
Market cap(USD):
118,486.17M
17,551.94M
Shares: 19,079.89M

Currency in CNY

Company profile

Market(Ticker): SHG(601989)
Sector:
Industry:
Producer Manufacturing
Trucks/Construction/Farm Machinery
Full time employees: 41,799

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 2016

  • Local currency
  • US Dollar
Revenue 51,729.11M
Gross profit 3,505.15M
Operating income -1,041.85M
Income before tax 973.23M
Net income 698.03M
EBITDA 1,248.88M
Diluted EPS 0.03
Dividends per share --
Total assets 184,282.93M
Total liabilities 121,318.28M
Total equity 56,569.66M
Operating cash flow -2,577.19M

Currency in CNY

Revenue 7,786.35M
Gross profit 527.60M
Operating income -156.82M
Income before tax 146.49M
Net income 105.06M
EBITDA 187.98M
Diluted EPS 0.00
Dividends per share --
Total assets 26,517.43M
Total liabilities 17,457.12M
Total equity 8,140.10M
Operating cash flow -387.92M

Currency in USD

Valuation measures

Dec 2016

PER 186.57
ROA 0.35%
ROE 1.22%
Operating margin -2.01%
Profit margin 1.34%

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%)
  • First Seafront 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.(0.4%)
  • HuaAn Fund Management Co., Ltd.(0.1%)
  • Harvest Fund Management Co., Ltd.(0.1%)

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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