On February 2, Hengli Heavy Industries’ listed entity *ST Songfa announced that its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. received a total of RMB 200 million (approximately US$29 million) in government subsidies related to assets on February 2, 2026.
This is Hengli Shipbuilding’s first government subsidy disclosed in 2026. In 2025, Hengli Shipbuilding received a total of six government subsidies totaling 827 million (approximately US$119 million), issued on June 4, June 17, July 19, August 12, October 24, and November 25, 2025, with subsidy amounts of RMB 30 million, RMB 120 million, RMB 260 million, RMB 330 million, RMB 60 million, and RMB 27 million, respectively.
In 2025, Hengli Heavy Industries signed orders for 115 new ships, worth over RMB 100 billion. With such strong orders in 2025, *ST Songfa, the listed entity of Hengli Heavy Industries, announced on January 30, 2026, that it expects net profit attributable to shareholders of the parent company to be between RMB 2.4 billion and 2.7 billion (approximately US$346 million to US$3.389 billion) for the full year of 2025, achieving a turnaround from loss to profit; and expects operating revenue to be between RMB 20 billion and 22 billion (approximately US$2.882 billion to US$3.17 billion).
As of February 2, Hengli Heavy Industries has secured 16+2 new ship orders from domestic and international shipowners for 2026. These orders span three major vessel types: tankers, bulk carriers and container ships. The portfolio includes 1 bulk carrier, 10 Very Large Crude Carriers (VLCCs), 1 LR2 crude/product tanker and 4+2 container ships.