According to China National Enterprise Credit Information Publicity System, Nantong Xiangyu Shipbuilding & Offshore Engineering Co., Ltd. (Nantong Xiangyu SOE) has completed the name change and capital increase.
The change information column shows that on June 19, 2025, Nantong Xiangyu Shipbuilding & Offshore Engineering Co., Ltd. was officially renamed Nantong Xiangyu Marine Equipment Joint Stock Limited Company; the market entity type was changed from a limited liability company to a joint stock company (non-listed); the registered capital (registered capital, capital amount, etc.) increased from RMB 240,816,326,530 (approximately USD 34 million) to RMB 360 million (approximately USD 50 million). This is the company’s second capital increase since July 15, 2024, when it increased from RMB 200 million (approximately USD 28 million) to RMB 240,816,326,530 (approximately USD 34 million).
Public information shows that Nantong Xiangyu SOE was established in December 2016 and officially started production on May 11, 2017. It is committed to becoming a first-class domestic, globally competitive, comprehensive ship and offshore equipment manufacturing company.
The company is located on the north bank of the golden coastline of the Yangtze River. It currently mainly produces environmentally friendly and energy-saving series bulk carriers, oil tankers and container ships below 100,000 tons, small and medium-sized stainless steel/specially coated chemical tankers and other engineering ships.
On November 19, 2024, the Ministry of Industry and Information Technology released the “2024 5G Factory List” on site, and Nantong Xiangyu SOE was successfully listed, marking the company’s digital transformation and intelligent transformation has achieved phased results.
Nantong Xiangyu SOE officially launched the trial operation of the LES system in September 2024. The system deeply integrates core business processes such as task application, work dispatch management, and vehicle distribution. Through information technology, it realizes transparent, collaborative, and refined management of production processes, further improving production efficiency and bringing significant economic benefits to the enterprise.
In the meantime, Nantong Xiangyu SOE has also been actively implementing the construction of an IOT data collection platform. The platform mainly focuses on data collection from key production equipment such as welding machines, smart electricity meters, RTO waste gas treatment devices, 600T gantry cranes, dehumidifiers, and laser cutting machines. Through real-time collection and analysis of the operational data of these devices, it accurately grasps energy consumption conditions, timely identifies and solves energy consumption anomalies, provides scientific data support for energy conservation and emission reduction efforts, and offers strong data guarantee for the precise formulation and optimization of production plans in the later stage.
Since 2023, as the shipping industry entered a new boom cycle, Nantong Xiangyu SOE has seen robust performance in order intake and production, with vessel delivery schedules extended to 2029. To further achieve a leap in production capacity and better seize ship market opportunities, last August, Nantong Xiangyu SOE invested RMB 440 million to successfully win the core assets of Jiangsu Hongqiang marine Heavy Industry through judicial auction.
The bidding assets include 56,352.42 square meters of housing buildings, one wharf, three 50,000-100,000-ton ship slipways, 682.3 meters of Yangtze River shoreline usage rights and related equipment and patents owned by the company. Upon reaching production, Nantong Xiangyu Shipbuilding & Offshore Engineering is expected to increase its annual capacity by 60%.
This year, Nantong Xiangyu SOE has secured orders for multiple ship types. Specifically, it has obtained:
- 1 unit of 40,000 DWT stainless steel chemical tanker and 3 units of 210,000 DWT Newcastlemax bulk carriers from Japan’s Doun Kisen;
- 2 units of 40,000 DWT stainless steel chemical tankers from Singapore’s Jaldhi Overseas;
- 1 unit of 16,000-ton submarine cable laying vessel from Zhongtian Technology Shanghai Yuanwei.
Particularly, the three Newcastlemax bulk carriers are of great significance to Nantong Xiangyu SOE, marking the first time the shipbuilder has undertaken a Newcastlemax bulk carrier construction project, which will further expand its product portfolio.