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Producer Manufacturing

China Shipbuilding Industry Co., Ltd.

  • 4.09 CNY
  • +0.05
  • +1.24%
  • China
    Aug 17, 2018
  • Ticker
    SHG(601989)
  • Prev. close
    4.04
  • Market cap (CNY)
    92,434.36M
  • Market cap (USD)
    13,401.33M
  • Shares
    22,879.79M

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 2017 CNYUSD
Revenue38,419.74M5,684.88M
Gross Profit3,817.60M564.88M
Operating income-2,014.31M-298.05M
Income before tax186.34M27.57M
Net income837.63M123.94M
EBITDA157.65M23.32M
Diluted EPS0.040.00
Dividends Per Share0.010.00
Total Assets195,448.71M30,013.62M
Total liabilities106,886.37M16,413.75M
Total equity63,733.88M9,787.14M
Operating cash flow826.44M122.28M
Currency in CNYCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 51,147.01M 60,454.03M 59,591.38M 51,729.11M 38,419.74M
Gross Profit 7,050.80M 6,103.35M 2,897.72M 3,505.15M 3,817.60M
Operating income 2,300.86M 751.90M -4,282.12M -1,041.85M -2,014.31M
Income before tax 3,418.97M 2,661.94M -2,946.37M 973.23M 186.34M
Net income 2,935.37M 2,123.36M -2,621.48M 698.03M 837.63M
EBITDA 4,155.40M 2,968.74M -1,778.18M 1,248.88M 157.65M
Diluted EPS 0.19 0.12 -0.14 0.03 0.04
Dividends Per Share 0.04 0.03 0 0 0.01
Total Assets 173,410.27M 207,989.61M 207,637.71M 184,282.93M 195,448.71M
Total liabilities 119,390.50M 139,273.03M 142,252.03M 121,318.28M 106,886.37M
Total equity 47,838.07M 59,977.37M 57,000.85M 56,569.66M 63,733.88M
Operating cash flow -1,250.23M 1,952.15M -178.80M -2,577.19M 826.44M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 8,319.72M 9,811.25M 9,481.34M 7,786.35M 5,684.88M
Gross Profit 1,146.90M 990.53M 461.04M 527.60M 564.88M
Operating income 374.26M 122.02M -681.31M -156.82M -298.05M
Income before tax 556.14M 432.01M -468.78M 146.49M 27.57M
Net income 477.47M 344.60M -417.09M 105.06M 123.94M
EBITDA 675.93M 481.80M -282.91M 187.98M 23.32M
Diluted EPS 0.03 0.01 -0.02 0.00 0.00
Dividends Per Share 0.00 0.00 0 0 0.00
Total Assets 28,644.39M 33,525.08M 31,975.74M 26,517.43M 30,013.62M
Total liabilities 19,721.25M 22,448.91M 21,906.49M 17,457.12M 16,413.75M
Total equity 7,902.02M 9,667.53M 8,778.00M 8,140.10M 9,787.14M
Operating cash flow -203.36M 316.82M -28.44M -387.92M 122.28M

Valuation Measures

Dec 2017
PER137.35
ROA0.44%
ROE1.39%
Operating margin-5.24%
Profit margin2.18%

Key executives

  • General Manager & Director: Liang Wang
  • CFO, Board Secretary & Deputy GM: Zu Hui Yao

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (52.7%)
  • China Securities Finance Corp. Ltd. (2.3%)
  • First Seafront Fund Management Co., Ltd. (1.5%)
  • China Investment Corp. (Investment Management) (1.4%)
  • China Huarong Asset Management Co., Ltd. (Invt Port) (1.2%)
  • Fullgoal Fund Management Co., Ltd. (1.1%)
  • China Southern Asset Management Co., Ltd. (0.5%)
  • China Asset Management Co., Ltd. (0.5%)
  • E Fund Management Co., Ltd. (0.2%)
  • SWS MU Fund Management Co., Ltd. (0.1%)

Contact Details

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

Related Companies

  • Wuchang Shipbuilding Industry Group Co. Ltd.
  • China Shipbuilding Jari Technology Co. Ltd.
  • Guangxi Wuzhou Shipyard
  • CSIC Technology Investment Development Co., Ltd.
  • CSIC Yuanzhou (Beijing) Technology Co., Ltd.
  • Guangxi Zhongnan Huaxing Machinical Equipment Co. Ltd.
  • Qingdao Haixi Heavy-Duty Machinery Co. Ltd.
  • Luoyang Sunrui Rubber Technology Co., Ltd.
  • Xiamen Sunrui Marine Coatings Co., Ltd.
  • Sunrui Marine Environment Engineering Co., Ltd.
  • CSIC Financial Co. Ltd.
  • Bohai Shipping Heavy Industry Co., Ltd.
  • Dalian Shipbuilding Industry Design & Research Ins Co. Ltd.
  • Dalian Shipyard Group Co. Ltd. /Bus Ops/
  • China Shipbuilding Industry Corp. /Military Equipment Ops/
  • Dalian Marine Diesel Co., Ltd.
  • Chongqing Hengshan Machinery Co. Ltd.
  • Yichang Jiangxia Ship Machinery Co. Ltd.
  • Zhongnan Equipment Co. Ltd.
  • Shanxi Pingyang Industry Machinery Co. Ltd.
  • Wuchang Shipbuilding Industry Co. Ltd.
  • Wuchang Shipyard
  • Chongqing ChangZheng Heavy Industry Co. Ltd.
  • China Shipbuilding & Offshore International Co., Ltd.
  • Shanhaiguan Shipbuilding Industry Co. Ltd.
  • Qingdao Beihai Shipbuilding Heavy Industry Co. Ltd.
  • Bohai Shipbuilding Industry Co. Ltd.
  • Guangxi Guijiang Shipyard
  • Beijing Great Wall Radio Factory
  • Shanxi State-Owned Diesel Plants

Competitors

  • Hyundai Heavy Industries Co., Ltd.
  • EnerSys
Last Updated on 17 Aug, 2018

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