Company Study of China State Shipbuilding Corporation, 2007

Company Study of China State Shipbuilding Corporation, 2007

In 2006, China's shipbuilding completion reached 14.52 million DWT, up by 20% compared to 2005. The newly obtained orders stood at 42.51 million DWT, a rise of 150% over 2005. Besides, the held orders amounted to 68.72 million DWT, increasing by 73% compared to the previous year.

In 2006, the shipbuilding completion, newly obtained orders and held orders of China State Shipbuilding Corporation (CSSC) took a global share of 7.9%, 16.9% and 11.5% respectively. They ranked the second in the world, only behind Hyundai Group of Korea (16.1%, 19.7% and 17.4% respectively).

In 2006, the sales profit margin of CSSC was up to 10.93%, being the first among shipbuilding groups around the world and 6% higher than that of South Korean Hyundai Group.

1. Overall Analysis of China Shipbuilding Industry
1.1Fast Continuous Growth of Shipbuilding Completion
1.2 Ever Improved Order-obtaining Ability of Three Big Shipbuilding Bases Being Built in China
1.3 Objective Conditions Enabling China to Be the World's Largest Shipbuilding Center Have Formed

2. China State Shipbuilding Corporation
2.1Aiming to be the World's Largest Shipbuilding Group
2.2 Continuous Expansion of Core Assets
2.3 Focus on Breakthroughs in Shipbuilding Capacity, Shipbuilding Efficiency and Profitability

3. Analysis of CSSC Going Public