China Shipbuilding Industry Co., Ltd.
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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.
|Income before tax||405.97M||58.75M|
|Dividends Per Share||0||0|
|Operating cash flow||1,471.71M||212.98M|
|Currency in CNY||Currency in USD|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||-2,946.37M||973.23M||186.34M||-333.86M||405.97M|
|Dividends Per Share||0||0||0.01||0.00||0|
|Operating cash flow||-178.80M||-2,577.19M||826.44M||1,533.60M||1,471.71M|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||-468.78M||146.49M||27.57M||-50.45M||58.75M|
|Dividends Per Share||0||0||0.00||0.00||0|
|Operating cash flow||-28.44M||-387.92M||122.28M||231.76M||212.98M|
- Chairman & General Manager: Liang Wang
- Chief Financial Officer & Deputy General Manager: Zu Hui Yao
- Securities Representative: Jin Wang
- China State-Owned Assets Supervision & Admn Commission (54.8%)
- China Securities Finance Corp. Ltd. (2.9%)
- China Investment Corp. (Investment Management) (1.4%)
- China Huarong Asset Management Co., Ltd. (Invt Port) (1.1%)
- Fullgoal Fund Management Co., Ltd. (0.7%)
- China Asset Management Co., Ltd. (0.7%)
- Bosera Asset Management Co., Ltd. (0.5%)
- ICBC Credit Suisse Asset Management Co., Ltd. (0.5%)
- Harvest Fund Management Co., Ltd. (0.3%)
- The Vanguard Group, Inc. (0.2%)
- Address: Building 1, Zhuyu Intl Center, No. 9 Shouti South Road, Beijing, 100044, China
- Phone: +86.10.8850.8596
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Copyright © 2020 FactSet Research Systems Inc. All rights reserved.Last Updated on 23 Nov, 2020
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