China Shipbuilding Industry Corporation ("China Shipbuilding") issued an "Announcement on the Increase in Annual Performance for 2025" on the evening of January 29th, forecasting a significant increase in full-year attributable net profit. The net profit growth rate after deducting non-recurring gains and losses is expected to exceed 100%, indicating that the performance is poised to continue its strong growth momentum and enter a phase of profit realization.

According to the announcement, China Shipbuilding anticipates that the full-year attributable net profit to shareholders of the listed company in 2025 will range between 7 billion and 8.4 billion RMB, representing a year-on-year expected growth of approximately 65.89% to 99.07%. The net profit after deducting non-recurring gains and losses for the full year is estimated to be between 5.3 billion and 6.7 billion RMB, with a year-on-year expected growth of about 72.53% to 118.11%.

China Shipbuilding stated that the substantial growth in performance is attributed to the company's focus on core business, leveraging the advantages of bulk construction of major ship types, deepening cost management, enhancing lean management, emphasizing value creation, and striving to improve efficiency and effectiveness. Upgrades and optimizations in the order structure, an increase in the delivery proportion of high value-added ship types, a year-on-year increase in prices of similar products, continuous shortening of construction cycles for major ship types, ongoing enhancement of production efficiency, and improved operational performance have also contributed to the year-on-year enhancement of business performance. Additionally, the operational performance of joint ventures has been consistently improving.

In 2025, China Shipbuilding will merge with China State Shipbuilding Corporation through a stock swap. Following the integration, the asset size of China Shipbuilding will exceed 400 billion RMB, making it the largest globally in terms of scale and most comprehensive publicly traded shipbuilding enterprise.

A previous announcement revealed that the actual controllers of China Shipbuilding, China Shipbuilding Group Corporation Limited, and China COSCO Shipping Corporation Limited signed a cooperation agreement in Shanghai for new shipbuilding projects involving 87 vessels, with a value of approximately 50 billion RMB, of which about 47 billion RMB will be settled in cross-border Renminbi. This marks the highest single cooperation signing amount and the highest cross-border Renminbi settlement amount in the history of China's shipbuilding industry. The new vessels will be constructed by relevant subsidiaries under China Shipbuilding.

Currently, China Shipbuilding Group has a solid order book, with production schedules at its shipyards extending to 2029.