On January 29, China CSSC Holdings Limited (“CSSC”) released its “2025 Annual Performance Forecast Announcement,” projecting a substantial increase in net profit attributable to shareholders for the full year. Non-recurring net profit is expected to grow by over 100%, continuing the strong growth momentum and entering a phase of profit realization.
The announcement disclosed that CSSC expects its net profit attributable to shareholders of the listed company for the full year of 2025 to be RMB 7 billion to RMB 8.4 billion (approximately US$1.007 billion to US$1.209 billion), representing a year-on-year increase of approximately 65.89% to 99.07%; and expects its net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the full year of 2025 to be RMB 5.3 billion to RMB 6.7 billion (approximately US$763 million to US$964 million), representing a year-on-year increase of approximately 72.53% to 118.11%.
Regarding the reasons for the significant increase in performance, CSSC stated that during the reporting period, the company focused on its core business, leveraged its advantages in the mass production of main-type vessels, deepened cost control, strengthened lean management, emphasized value creation, and strived to improve efficiency and effectiveness; the structure of the order backlog was upgraded and optimized, the proportion of high-value-added vessels delivered and the prices of similar products both increased year-on-year, the construction cycle of main-type vessels continued to shorten, production and construction efficiency continued to improve, and operating performance improved year-on-year; in addition, the operating performance of joint ventures continued to improve.
In 2025, CSSC completed a share-swap merger with China Shipbuilding Industry Company Limited (CSIC). Following the integration, CSSC’s total assets exceeded RMB 400 billion, propelling it to become the world’s largest publicly listed shipbuilding enterprise with the most comprehensive business portfolio.
On December 8, 2025, CSSC and COSCO Shipping signed a series of new shipbuilding projects worth over RMB 50 billion, of which approximately RMB 47 billion was settled in cross-border RMB, setting a “double record” for the highest single cooperation agreement amount and the highest cross-border RMB settlement amount in the history of China’s shipbuilding industry.
Currently, CSSC has a robust order backlog, with production schedules at its shipyards extending through 2029.