On July 4, 2025, the Shanghai Stock Exchange's Mergers and Acquisitions Review Committee approved the merger of China Shipbuilding Industry Corporation (CSIC) with China Shipbuilding Heavy Industry Co., Ltd. (CSIC Heavy Industry). This significant development marks a major step towards the consolidation of China's two leading shipbuilding platforms under China Shipbuilding Group, one of the world’s largest shipbuilding conglomerates.
This merger represents a strategic move to enhance the shipbuilding industry’s capacity, focusing on high-end manufacturing, defense, and marine engineering. The integration aligns with the national strategy to boost the maritime economy and technological development, supporting the high-quality growth of China's ocean economy.

Key Points of the Merger:

Strategic National Move: The merger aligns with the government's call for high-quality development of the maritime sector, fostering integration and synergy among shipbuilding, marine defense, and high-end manufacturing industries.

Global Leadership: Post-merger, China Shipbuilding will become the largest listed shipbuilding company globally by asset scale, revenue, and shipbuilding orders. This will position the company as a dominant force in reshaping the global shipbuilding industry.

Enhanced Capacity: The merger integrates CSIC's world-class assets, including shipyards like Dalian Shipbuilding, Wuchang Shipbuilding, and Beihai Shipbuilding, optimizing the research and manufacturing capabilities across all business units.

Financial Strength: With combined assets of over ¥400 billion and annual revenue surpassing ¥130 billion, the merged entity is well-positioned to enhance its market share and operational efficiency, particularly in the high-value shipbuilding sector.

A Game Changer: This is the largest absorption merger in A-shares history, expected to create immense value for shareholders while consolidating the core shipbuilding and marine sectors to eliminate market overlap and enhance competitiveness.

China Shipbuilding is set to embark on a new phase of development, supporting China's goal of becoming a global maritime powerhouse and delivering cutting-edge solutions to the world's most demanding shipbuilding markets.

by Xinde Marine News Chen Yang

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