China CSSC Holdings discusses growth and strategy in briefing

China CSSC Holdings (SSE:600150) held its performance briefing, addressing investor queries regarding its 2024 performance and Q1 2025 results. Management stated the increase in revenue targets is linked to shipbuilding and offshore engineering projects, supported by a substantial order backlog extending to 2029. The company views the Chinese shipbuilding market favorably, citing strong order volumes and global market share. Post-merger with China Heavy Industry, China CSSC aims to enhance its international competitiveness by leveraging combined assets, specializing in shipbuilding, and optimizing core resources. Management aims to boost profitability by improving intelligent manufacturing, streamlining operations and increasing vessel deliveries. China CSSC targets CNY 805 Billion in revenue for 2025 and shipbuilding completion of 89 vessels/6.34 million dwt. The company is also investing in deep-sea technology.