CSSC Holdings(SH:600150) Chang Jiang Shang Bao·2025-12-10 23:40Core Viewpoint - The signing of a new shipbuilding project between China Shipbuilding Group and China COSCO Shipping Group marks a historic moment for China's shipbuilding industry, involving 87 vessels with a total value of approximately 50 billion RMB, making it the highest single contract amount in the domestic shipbuilding sector [2][4]. Group 1: Project Details - The cooperation involves 87 vessels across various types, with a total contract value of about 500 billion RMB, of which approximately 470 billion RMB will be settled in cross-border RMB [2][3]. - The project will be undertaken by subsidiaries of China Shipbuilding, including Jiangnan Shipyard, Dalian Shipbuilding Industry, and others [4][5]. Group 2: Financial Performance - In the first three quarters of 2025, China Shipbuilding achieved a revenue of 107.4 billion RMB, representing a year-on-year growth of 17.96%, and a net profit attributable to shareholders of 5.85 billion RMB, up 115.41% year-on-year [8][9]. - The company has seen a significant increase in revenue and profit due to an optimized order structure and improved delivery of civil ship products [9]. Group 3: Future Outlook - The long-term contract is expected to positively impact the company's future revenue and profitability, enhancing its market competitiveness and profitability [5]. - The company plans to engage in futures and derivatives trading to mitigate risks associated with currency fluctuations and commodity price volatility, with a projected trading limit of up to 24 billion USD for 2026 [10]. Group 4: Industry Trends - The shipbuilding industry is moving towards green and intelligent development, with a focus on technological innovation and low-carbon solutions [6].