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Producer Manufacturing

China Shipbuilding Industry Co., Ltd.

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.

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.

Financial Highlights

Dec 2020 CNYUSD
Revenue34,646.25M5,019.57M
Gross Profit3,076.80M445.76M
Operating income-3,099.83M-449.10M
Income before tax-517.33M-74.95M
Net income-481.19M-69.71M
EBITDA-1,210.98M-175.44M
Diluted EPS-0.02-0.00
Dividends Per Share----
Total Assets172,406.77M26,362.69M
Total liabilities80,832.35M12,360.06M
Total equity85,204.27M13,028.57M
Operating cash flow11,685.54M1,693.00M
Currency in CNYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 51,729.11M 38,419.74M 44,434.28M 37,947.50M 34,646.25M
Gross Profit 3,505.15M 3,817.60M 3,548.73M 3,008.72M 3,076.80M
Operating income -1,039.86M -2,004.82M -1,507.12M -2,289.44M -3,099.83M
Income before tax 973.23M 186.34M -333.86M 415.79M -517.33M
Net income 698.03M 837.63M 658.38M 501.16M -481.19M
EBITDA 1,250.87M 167.15M 542.12M -487.40M -1,210.98M
Diluted EPS 0.03 0.04 0.03 0.02 -0.02
Dividends Per Share 0 0.01 0.00 0 --
Total Assets 184,282.93M 195,448.71M 189,761.83M 182,937.86M 172,406.77M
Total liabilities 121,318.28M 106,886.37M 98,818.71M 91,406.64M 80,832.35M
Total equity 56,569.66M 63,733.88M 86,018.17M 85,564.08M 85,204.27M
Operating cash flow -2,577.19M 826.44M 1,533.60M 1,445.55M 11,685.54M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 7,786.35M 5,684.88M 6,715.15M 5,491.79M 5,019.57M
Gross Profit 527.60M 564.88M 536.30M 435.42M 445.76M
Operating income -156.52M -296.64M -227.76M -331.33M -449.10M
Income before tax 146.49M 27.57M -50.45M 60.17M -74.95M
Net income 105.06M 123.94M 99.49M 72.52M -69.71M
EBITDA 188.28M 24.73M 81.92M -70.53M -175.44M
Diluted EPS 0.00 0.00 0.00 0.00 -0.00
Dividends Per Share 0 0.00 0.00 0 --
Total Assets 26,517.43M 30,013.62M 27,639.11M 26,262.66M 26,362.69M
Total liabilities 17,457.12M 16,413.75M 14,393.10M 13,122.39M 12,360.06M
Total equity 8,140.10M 9,787.14M 12,528.68M 12,283.63M 13,028.57M
Operating cash flow -387.92M 122.28M 231.76M 209.20M 1,693.00M

Valuation Measures

Dec 2020
PER--
ROA-0.27%
ROE-0.56%
Operating margin-8.94%
Profit margin-1.38%

Key executives

  • Chairman & General Manager: Liang Wang
  • Chief Financial Officer & Deputy General Manager: Zu Hui Yao
  • Securities Representative: Jin Wang

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (62.4%)
  • China Cinda Asset Management Co., Ltd. (Investment Company) (4.7%)
  • China Securities Finance Corp. Ltd. (2.9%)
  • China Structural Reform Fund Corp. Ltd. (2.1%)
  • China Orient Asset Management Co. Ltd. (Investment Management) (1.9%)
  • China Life Asset Management Co., Ltd. (1.9%)
  • China Investment Corp. (Investment Management) (1.4%)
  • China Huarong Asset Management Co., Ltd. (Invt Port) (1.1%)
  • Guotai Asset Management Co., Ltd. (0.7%)
  • Fullgoal Fund Management Co., Ltd. (0.6%)

Contact Details

  • Website:http://www.csicl.com.cn
  • Address: Building 1, Zhuyu Intl Center, No. 9 Shouti South Road, Beijing, 100044, China
  • Phone: +86.10.8850.8596

Related Companies

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  • Luoyang Shuangruidate Copper Co., Ltd.
  • Luoyang Sunrui Anti-Corrosion Engineering Technology Co., Ltd.
  • CSIC Shuangrui Technology Holdings Co., Ltd.
  • Jiujiang Qisuo Precision Electromechanical Technology Co
  • Tianjin Qisuo Precision Mechanical & Electrical Technology
  • Tianjin 707 Hi-Tech Co., Ltd.
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  • China Shipbuilding Industry Corporation (Taiyuan) Pingyang
  • Xi'an Pingyang Technology Development Co., Ltd.
  • Shanxi Pingyang Heavy Industry Coal Machine Fittings Sales
  • Nantong Sohen Shipyard Co., Ltd.
  • Wuhan Menglong Project Management Co., Ltd.
  • Wuhan Baofeng North Project Management Co., Ltd.
  • Wuhan Hanyang Avenue Project Management Co., Ltd.
  • Hubei Wuchuan Honglu Heavy Industry Co., Ltd.
  • Wuhan Wuchuan Special Boat Co., Ltd.
  • Yichang Jiangxia Ship Equipment Manufacturing Co., Ltd.
  • China Shipbuilding Industry Corporation Zhongnan Yichang High
  • Yichang Zhongnan Precise Steel Tube Co., Ltd.
  • Huludao Bochuan Heavy Industry Ship Design & Research Co
  • Qinhuangdao Shanchuan Heavy Industry Construction & Installati
  • Qinhuangdao Shanchuan Heavy Industry Machinery Co., Ltd.
  • Dalian Shipbuilding Industry Construction Engineer Co., Ltd.
  • Dalian Shipbuilding Industry Group Engineering Services Ltd.
  • Dalian Xinchuan Heavy Industry Marine Fitting Equipment Co
  • Dalian Shipbuilding Industry Group Steel Structure Manufacturi
  • Chongqing Hongjiang Machinery Co., Ltd.
  • CSSC Hongjiang Machinery Changzhou Co., Ltd.

Competitors

  • China Shipbuilding Industry Group Power Co., Ltd. Class A
Last Updated on 17 Sep, 2021

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