China Shipbuilding Industry Group Power Expects Up to 80% Growth in 2024 Profit; Shares Rise 4%
"China's giant ship" is setting sail! China CSSC's major asset restructuring has been approved, and the merger and restructuring "warm wind" is blowing towards 2025.
The "China giant ship" is sailing towards us.
China CSSC (600150.SH) has received approval from the State-owned Assets Supervision and Administration Commission and other competent authorities for the share swap and absorption merger with China Shipbuilding Industry.
China CSSC (600150.SH) announced that the company intends to issue shares to China CSSC Heavy Industry Company Limited.
Express News | China Shipbuilding Industry: The major Asset restructuring has received approval from the State-owned Assets Supervision and Administration Commission and other relevant authorities.
GF SEC: The stock performance of marine engines lags behind that of Ships. In the long term, there is a greater potential market space and elasticity.
The moderate recovery of capacity in downstream private Shipyards is expected to drive the continuous expansion of engine demand. Unlike Ships, the technology iteration driven by the Eco-friendly Concept accelerates the transformation of engine technology, resulting in a greater increase in value.
China Shipbuilding Industry (601989.SH): Bohai Shipbuilding plans to transfer 1.26% of its shares by agreement.
Gelonghui, on November 29, announced that china shipbuilding industry (601989.SH) stated that on November 29, 2024, the company's shareholder Bohai Shipbuilding, along with the company's shareholder Dachen Investment and related party China Ship Investment, jointly signed a "Share Transfer Agreement." Bohai Shipbuilding intends to transfer 144,135,189 shares of the company to Dachen Investment, which accounts for 0.63% of the company's total share capital, and intends to transfer another 144,135,189 shares of the company to China Ship Investment, also accounting for 0.63% of the company's total share capital, for a total transfer of 288,270,378 shares of the company, accounting for 1.26% of the company's total share capital. This share agreement.
Express News | China Shipbuilding Industry: Agreement on the transfer of company shares among parties acting in concert with the controlling shareholder.
Express News | Jiangzeng Heavy Industries signed a contract for a magnetic levitation direct drive expander compressor integrated machine for LNG re-liquefaction.
Express News | Wuchang Shipbuilding Corporation's Heavy Equipment Company has signed another production contract for the tower of the lunar landing project.
China Galaxy Securities: Machinery Central SOEs Improve Profitability with High-Quality Development, Reshaping Value in the Wave of Gold Rush.
As of 2024/11/18, the proportion of central and local state-owned enterprises is 8% and 9% respectively, but their combined total market cap accounts for 30%, with the market cap of individual enterprises mainly ranging from 5-30 billion yuan.
Zheshang Securities: in 2025, focusing on the development of new ship orders towards large-scale, high-end, dual-fuel direction.
Looking ahead to 2025, new ship orders are moving towards larger, more high-end, and dual-fuel directions, with top shipyards leading in building large ships with csi leading technology index, strong competitive advantage in future high stock price orders.
Express News | Shuangrui Environment has signed a global strategy cooperation agreement with Guangzhou Shipbuilding International.
Express News | Industrial integration and overseas mergers and acquisitions are advancing in parallel. Shanghai-listed companies are revitalizing new momentum for mergers and acquisitions.
CITIC Securities: Initial profit showing + M&A restructuring, continuous high prosperity of the ship industry in the third quarter.
The restructuring of South-North Shipbuilding has begun, and the follow-up assets restructuring is expected to accelerate, which will optimize the long-term bullish industry competitive landscape and increase the profitability of shipbuilding enterprises' assets.
China Shipbuilding Industry Group Power Plans to Buy 16.5% Stake in CSSC Diesel Engine; Shares Up 10%
China Shipbuilding Industry (601989) 2024 Q3 Review: Operational situation continues to improve, bullish on the release of full-year profits for the company.
Event description: china shipbuilding industry released its performance in the third quarter of 2024, with a revenue of 35.27 billion yuan in the first three quarters of 2024, a year-on-year increase of 16.35%; net income attributable to the parent company was 0.934 billion yuan, compared to -0.11 billion yuan in the same period last year; deductions...
Express News | Since the third quarter, 25 companies listed on the Shanghai Stock Exchange have disclosed merger and reorganization plans or suspended trading to implement reorganization, with a total transaction amount exceeding 240 billion yuan.
China Shipbuilding Industry (601989): Profit margin meets expectations. The elasticity of profits is showing, but patience is still needed.
Investment Highlights: Event: The company released the third quarter financial report of 2024. According to the company's announcement, the revenue in the first three quarters of 2024 was 35.27 billion yuan, up 16.35% year-on-year, with a net income attributable to the parent company of 0.934 billion yuan, turning positive year-on-year from negative.
In A-share market, the ship sector started trading lower.
On October 31st, China CSSC fell more than 3%, China Shipbuilding Industry fell more than 2%, China Marine Information Electronics, CSSC Offshore & Marine Engineering, and CSSC Special Gas followed the decline.
China Heavy Industries: China Heavy Industries Third Quarter Report 2024