On December 20, the groundbreaking ceremony for Shandong Dadong Shipbuilding’s large-scale ship and offshore equipment repair, construction, and conversion project was held at Bojia Island in Renhe Town, Shandong Province.
Leaders of Rongcheng City, responsible persons of relevant municipal departments and higher-level departments stationed in Rongcheng, Party and government leaders and responsible comrades of Renhe Town, President of Shandong Xinfa Holding as well as senior executives of its invested enterprises including Haicheng Group, Lanrun Group, Xinhong Group and Qingdao QOF Group, principal persons-in-charge of the project’s construction and design units, employee representatives of the construction entity, and friends from all sectors of society witnessed this important moment when the “industrial giant ship” set sail.
According to reports, Dadong Shipbuilding project represents one of the largest offshore engineering equipment investments in Shandong Xinfa Holding’s history. With an investment of RMB 3.9 billion, the project plans to construct two large dry docks (530m long × 112m wide; 530m long × 142m wide) and supporting production auxiliary facilities. During construction, the project will introduce internationally advanced production technologies and equipment, optimize production processes, vigorously cultivate new shipbuilding productivity, and comprehensively enhance core competitiveness in ship and offshore equipment repair, construction, and conversion.
Upon completion, Dadong Shipbuilding will achieve an annual production capacity of repairing 150 vessels, converting 4 vessels, manufacturing one set of offshore equipment, and building two dual-fuel vessels. This will effectively accelerate the upgrading of Rongcheng’s marine equipment industry and significantly enhance the overall competitiveness of the regional marine equipment manufacturing sector.
Public records indicate that Shandong Dadong Shipbuilding was established on August 1, 2024, with a registered capital of 10 million yuan. It is a wholly-owned subsidiary of Shandong Xinhong Group, which is under Shandong Xinfa Holding.
According to the change information section of the National Enterprise Credit Information Publicity System, several important information of Shandong Dadong Shipbuilding has been changed in 2025, including: on May 9, the registered capital increased from RMB 5 million to RMB 10 million; on December 12, the person in charge (legal representative, person in charge, chief representative, and partner affairs executor changed), etc.
According to its official website, Shandong Xinfa Holding was founded in 2017 with a registered capital of RMB 100 million. Headquartered in Shidao, Rongcheng, Shandong Province, it has evolved into a large-scale conglomerate integrating multiple core businesses including marine fishing, food processing, marine equipment maintenance and manufacturing, marine biological products, comprehensive port services, fishing net and rope production, cold chain logistics, offshore aquaculture, and eco-tourism. The company has forged a comprehensive business layout encompassing marine fishery, marine industry, and the integration of industry, academia and research.
The marine equipment maintenance and manufacturing business under Shandong Xinfa Holding is undertaken by Shandong Xinhong Group. The Group has a total of seven affiliated enterprises, namely Shandong Xinhong Heavy Industry, Shandong Xinhong Marine Technology, Shandong Ship Technology Research, Hong Kong Baoxiang Shipping Group, Qingdao Huayao Shipbuilding Heavy Industry, Tianjin Xinhong International Trade, and Xinhong Grand Hotel.
Shandong Xinhong Heavy Industry, established on May 10, 2017, with a registered capital of RMB 100 million, primarily engages in shipbuilding, repair and conversion, and operates import and export business of goods and technology within its registered scope. It covers an area of 440,000 square meters, with a ship outfitting quay totaling 3,000 meters in length and a maximum draft of 9.5 meters. It possesses one 300,000-ton (355m×78m×14m) dry dock and one 200,000-ton (325m×54m×13m) dry dock, two 25,000-ton slipways, and one 10,000-ton slipway. The company is equipped with complete facilities including production workshops, workboats, and gantry cranes (40-80 tons), and has the capability to repair and convert various ships of 300,000 tons and below.
Qingdao Huayao Shipbuilding Heavy Industry is an advanced shipbuilding enterprise located in Qingdao, China. Established in 2022 with a registered capital of RMB 100 million. The company is dedicated to building an integrated service platform encompassing “shipbuilding, ship design, equipment manufacturing, financial leasing, and ocean transportation.” Currently, it constructs various bulk carriers, container ships, and offshore modules while providing comprehensive ship repair and conversion services.
Regarding the newly launched project, Lu Yonghuan, President of Shandong Xinfa Holding, stated that the shipbuilding and offshore engineering equipment industry is one of the core pillar industries of Shandong Xinfa Holding, and also a key area for the company’s investment development and breakthrough efforts.
The official groundbreaking of the “Large-Scale Vessel and Offshore Engineering Equipment Repair, Construction and Conversion Project” is not only a significant milestone in the development of Shandong Xinfa Holding, but also a concrete practice for the enterprise to implement its “Strengthening the Enterprise Through Marine Development” strategy and deepen its presence in the high-end vessel and offshore engineering equipment industry. With a focus on the high-end, intelligent and green development orientation of the industry, the project will mainly undertake the repair, construction and conversion of international low-carbon, eco-friendly and intelligent vessels and offshore engineering equipment, striving to build a new engine for the industrial upgrading of Rongcheng’s offshore engineering equipment sector.