China's CSSC shipbuilders ride wave of orders to profit

DALIAN, China -- Two core subsidiaries under China State Shipbuilding Corp. (CSSC), the world's largest ship manufacturing group, turned a profit for 2024 thanks to a global outpouring of orders.

China CSSC Holdings reported a 5% increase in revenue to 78.5 billion yuan ($10.8 billion), generating a 22% jump in net profit to 3.6 billion yuan.