“两船”合并，获批！

Core Viewpoint - The merger of China Shipbuilding Industry Co., Ltd. and China Shipbuilding Heavy Industry Co., Ltd. marks a significant consolidation in the Chinese shipbuilding sector, aiming to enhance operational efficiency and reduce competition within the industry [2][3]. Group 1: Merger Details - On July 18, the China Securities Regulatory Commission approved the merger, allowing China Shipbuilding to absorb China Shipbuilding Heavy Industry through the issuance of 3.053 billion new shares [2]. - Post-merger, China Shipbuilding's total assets will exceed 400 billion yuan, and its annual revenue will surpass 130 billion yuan, making it the largest absorption merger in A-share history [2]. - The new entity will lead globally in asset scale, revenue, and order backlog, establishing itself as a flagship company in the shipbuilding industry [2][5]. Group 2: Strategic Implications - This merger is a critical step in resolving the overlapping business operations between China Shipbuilding and China Shipbuilding Heavy Industry, which have been competing in the shipbuilding sector [3][4]. - The consolidation aims to focus on national strategic priorities, enhance the quality of shipbuilding operations, and promote high-quality development in ship assembly [3][5]. - The integration of resources and supply chains is expected to strengthen core business coordination, reduce competition, and enhance collaboration in both military and civilian shipbuilding sectors [5].