On June 25, CSSC Ganghang (Guangdong) Shipbuilding successfully held its inaugural shareholders’ meeting and the first meeting of its first Board of Directors at the Xiaohu Island Shipbuilding base in Nansha, Guangzhou. These meetings finalized the company’s corporate governance structure, marking the entry of this joint venture—established by Guangdong New China Shipyard and Guangzhou Shipyard International (GSI) as a collaboration between central and local enterprises—into a new phase of substantive, large-scale development.
Zou Xiaoyang, Chairman of Guangdong New China Shipyard, and Sun Baiwan, Deputy Chief Economist of GSI, attended the meeting as shareholder representatives. Director candidates and relevant personnel from the Xiaohu Island project working group were also present.
This meeting was conducted in strict accordance with the Company Law and relevant requirements for state-owned enterprise governance; it reviewed and finalized the Articles of Association and elected the inaugural Board of Directors. Subsequently, the Board elected the Chairman and Vice Chairman, established the Audit and Risk Committee, appointed the executive management team, and approved supporting governance policies—such as the rules of procedure for the Board—thereby laying a solid foundation for the company’s compliant and steady operation.
CSSC Ganghang (Guangdong) Shipbuilding is a key cooperative project representing the deep integration of central and local interests; it was established as a joint venture with GSI holding a 51% stake and Guangdong New China Shipyard holding 49%. The new company has a registered capital of RMB 588 million and completed its business registration on May 28, 2026. Its business scope encompasses the manufacturing, repair, dismantling, conversion, and design of ships (including non-metallic and metal vessels); the manufacturing of offshore engineering equipment; industrial design services; and the manufacturing of general-purpose components.
CSSC Ganghang (Guangdong) Shipbuilding is located at the Xiaohu Island Shipbuilding Base in Nansha, Guangzhou, and boasts high-quality waterfront access, established slipways, deep-water berths, and other key infrastructure. The shipyard’s establishment marks a significant step in the joint effort by GSI and Guangdong Port & Shipping Group to advance the “Xiaohu Island Shipbuilding Base Joint Venture Project,” an initiative aimed at revitalizing Guangdong Province’s shipbuilding resources.
Through this partnership, Guangdong New China Shipyard is leveraging its existing assets—including land, facilities, and equipment at the Xiaohu Island base—and integrating GSI’s technical expertise and brand value. This collaboration fosters complementary strengths and mutual empowerment, enabling the revitalization of the base’s existing production capacity and the enhancement of the shipbuilding support ecosystem. The venture focuses on the core market of green and intelligent small-to-medium-sized specialized vessels, effectively addressing gaps in the manufacturing capabilities for such ships within the South China region.