On March 23, the inauguration and groundbreaking ceremony for Guangdong Guangxin Marine Equipment Manufacturing Co., Ltd. (Guangxin Equipment) was held at Cuiheng New Area in Zhongshan City. This project is designated as a key provincial-level marine equipment manufacturing project in Guangdong Province.
According to relevant data, Guangdong Guangxin Marine Equipment Manufacturing Co., Ltd. was established in January 2026 with a registered capital of RMB 100 million yua. It was established by Guangdong Guangxin Holdings Group and Guangdong Yuexin Asset Management (Yuexin Asset), with a shareholding ratio of 90% and 10% respectively, and an investment of RMB 90 million and RMB 10 million respectively.
Guangxin Equipment is a key project of Guangdong Guangxin Holdings Group to develop the marine industry and help Guangdong build a world-class shipbuilding industry cluster. It covers an area of 400,000 square meters and is equipped with professional facilities such as an 80,000-ton dry dock, a 30,000-ton slipway, a 600-meter outfitting quar and a 600-ton gantry crane, with complete hardware conditions.
Leveraging Guangzhou Shipyard International’s proven shipbuilding technology and management systems, Guangxin Equipment focuses on green and smart vessels and high-end offshore engineering equipment. The company specializes in high-tech products such as methanol-dual-fuel chemical and product tankers, as well as diving support vessels, with core products that are environmentally friendly, energy-efficient, and feature industry-leading performance. According to its strategic plan, the company aims to establish a synergistic development model integrating complete shipbuilding and section manufacturing within five years, with the goal of building a modern shipbuilding base in the Guangdong-Hong Kong-Macao Greater Bay Area.
Zhou Xuhui, Deputy Secretary of the Party Committee, Director, and General Manager of Guangzhou Shipyard International, stated that the strategic partnership between Guangzhou Shipyard International and Guangxin Holdings Group has given rise to Guangxin Equipment. Since the two parties signed their cooperation agreement, they have secured nearly RMB 2 billion yuan in orders for the new company, with delivery schedules extending through 2029.
According to its official website, Guangdong Guangxin Holdings Group Ltd. is a wholly-owned enterprise of the Guangdong Provincial Government. It is a state-owned capital investment company with a distinctive main business and strong market competitiveness. In 2025, it secured its position in the Fortune Global 500 for the third consecutive year (ranking 418th), and was honored with the benchmark status in the annual assessment of the “Double Hundred Enterprises” conducted by the SASAC. Currently, the Group comprises 213 member enterprises with approximately 45,000 employees.
Guangzhou Shipyard International is a major enterprise under China State Shipbuilding Corporation Limited. Founded in 1954, it has grown into a comprehensive enterprise specializing in shipbuilding, large-scale steel structures, and electromechanical equipment.
Currently, Guangzhou Shipyard International’s order portfolio includes car carriers, luxury ro-pax vessels, semi-submersibles, polar research vessels, and feeder container ships; among these, the company ranks among the world’s leaders in terms of deliveries and order backlog for luxury ro-pax vessels, car carriers, and semi-submersibles.
In addition to shipbuilding, Guangzhou Shipyard International has expanded its business scope to include ship repair and refit, offshore engineering equipment, steel structure engineering (such as the steel shell for the Shenzhen-Zhongshan Bridge), offshore wind power equipment, and environmental protection projects.