China Shipbuilding Industry Company Limited
601989.SS
Shanghai Stock Exchange5.10
CNY
+0.09
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China Shipbuilding Industry Company Limited
601989.SS
(Shanghai Stock Exchange)
Recent
price
5.10
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- China Shipbuilding Industry Company Limited China Shipbuilding Industry Company Limited (601989.SS), a subsidiary of China Shipbuilding Industry Corporation founded in 1999 and headquartered in Beijing, China, engages primarily in the research, development, design, manufacture, repair, and refitting of ships and marine equipment. The company produces a diverse range of vessels and products, including naval ships such as nuclear and conventional submarines, surface combatants, and underwater attack and defense equipment; commercial vessels encompassing oil tankers, chemical tankers, bulk carriers, container ships, liquefied gas carriers, luxury cruise ships, and offshore engineering units like drilling platforms, production installations, support vessels, and survey ships; marine equipment such as low-speed diesel engines, high-power medium-speed diesel engines, propellers, deck machinery, turbochargers, ship ballast water management systems, and high-pressure SCR systems; as well as deep-sea equipment, ship supporting mechanical and electrical systems, marine scientific research tools, port machinery, wind turbine systems, railway trucks, emergency transportation equipment including mechanized fast bridges and floating bridges, and energy conservation products. It operates extensive shipyards and facilities across northern and western China, including locations in Dalian, Tianjin, Qingdao, Wuhan, Xi'an, Chongqing, and Kunming, serving domestic and international markets with a focus on military, civilian maritime, offshore engineering, and auxiliary industrial segments. In recent developments, the company is undergoing a major merger with China State Shipbuilding Corporation (CSSC), approved by the Shanghai Stock Exchange in 2025 following an announcement in 2024, under which CSSC issues new A-shares to absorb CSIC's assets, liabilities, contracts, and employees valued at approximately 115.2 billion yuan, positioning the combined entity as the world's largest shipbuilder with around 400 billion yuan in assets and enhanced global competitiveness through consolidated operations and reduced internal rivalry. This restructuring builds on prior industry consolidation efforts since 2019 and supports ongoing expansions in military and commercial shipbuilding capacities.