On August 30, China CSSC Holdings Limited (hereinafter referred to as “China CSSC” or the “Company”) released its 2026 semi-annual report. During the reporting period, the Company achieved operating revenue of RMB 91.530 billion (approximately USD 13.620 billion, figures based on current exchange rates; same applies below)), a year-on-year increase of 26.01%; net profit attributable to the parent company was RMB 9.954 billion (approximately USD 1.481 billion), up 163.51% year-on-year; and net profit attributable to the parent company excluding non-recurring items was RMB 9.742 billion (approximately USD 1.450 billion), up 237.03% year-on-year. Specifically, the shipbuilding, ship repair, and offshore engineering business generated revenue of RMB 81.525 billion (approximately USD 12.131 billion), a year-on-year increase of 30.39%.
Regarding order intake, in the first half of 2026, CSSC secured orders for 177 commercial and offshore vessels, totaling 22.45 million deadweight tons (DWT) and valued at RMB 119.386 billion (based on exchange rates as of the end of June 2026; the same applies hereinafter). These figures represent a year-on-year increase of 128.82% in DWT and 93.06% in value. Additionally, the company secured ship repair orders for 367 vessels valued at RMB 2.596 billion, and contracts worth RMB 11.99 billion for marine equipment, electromechanical systems, and other businesses.
As of June 30, 2026, CSSC held a cumulative order backlog for commercial and offshore engineering vessels totaling 729 ships, 93.89 million DWT, and RMB 526.266 billion. By vessel count, oil tankers accounted for approximately 30%, container ships for about 20%, bulk carriers for about 15%, liquefied gas carriers for about 10%, and special-purpose vessels and other types for about 25%. Additionally, the company held orders for 157 ship repair projects valued at RMB 1.022 billion, along with contracts totaling RMB 15.162 billion for marine equipment, electromechanical systems, and other business areas.
Regarding vessel deliveries, in the first half of 2026, CSSC completed and delivered 102 civil vessels totaling 9.56 million DWT—representing 60.71% of the annual target in terms of vessel count and a year-on-year increase of 27.50%. Additionally, the company completed repairs on 397 vessels valued at RMB 3.069 billion, while the output value for marine auxiliary equipment, electromechanical equipment, and other business segments totaled RMB 8.932 billion.
CSSC noted that during the reporting period, the company’s order backlog structure continued to be upgraded and optimized, with year-on-year increases in the number of delivered commercial vessels, the proportion of mid-to-high-end ship types, and the average price per vessel. At the same time, the company leveraged its advantages in the batch construction of core ship types, deepened cost control, and strengthened lean management; consequently, construction cycles were further shortened, production efficiency steadily improved, and the gross profit of its core business saw a steady rise.
CSSC is a listed company serving as the core platform for the military and civil shipbuilding businesses of China State Shipbuilding Corporation (CSSC Group) and acts as a primary supplier of equipment to the Chinese Navy. Its main operations encompass shipbuilding (both military and civil), ship repair, offshore engineering, marine equipment and systems, and electromechanical products. The company possesses comprehensive design and construction capabilities across the full spectrum of vessel types, enabling it to build ships and offshore equipment that meet international technical standards and safety conventions and are capable of operating in all global maritime zones.
Currently, CSSC encompasses seven key shipbuilding enterprises—Jiangnan Shipyard, Dalian Shipbuilding Industry Corporation (DSIC), Wuchang Shipbuilding, GSI (Guangzhou Shipyard International), Waigaoqiao Shipbuilding, CSSC Chengxi Shipyard, and Beihai Shipbuilding—as well as numerous subsidiaries specializing in marine equipment and other business areas, such as Chongqing Equipment, Wuhan Heavy Industry, Zhongnan Equipment, Dalian Marine Propeller, Dalian Marine Valve, and Qingdao SunRui Marine Environment Engineering Co., Ltd. (SunRui).