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CSSC achieved a net profit of 196 million yuan in H1

China State Shipbuilding Corporation announced on August 29 that the operating income in the first half of the year was 23.975 billion yuan, a year-on-year decrease of 11.54%.
 
The net profit attributable to shareholders of listed companies was 196 million yuan, a year-on-year decrease of 24.66%. The operating income of shipbuilding, repair and offshore business was 19.772 billion yuan.


The operating income of the power equipment business was 2.242 billion yuan; The operating income of the electromechanical equipment business was 1.244 billion yuan.
 
During the reporting period, the company's operating income decreased by 11.54% year-on-year due to the year-on-year decrease in the quantity and delivery of major products such as ships.
 
As of June 30, the company has accumulated a total of 239 shipbuilding orders/20.7547 million DWT.
 
Source: Xinde Marine News Sarah Yu

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