China Shipbuilding Heavy Industry details earnings briefing

China Shipbuilding Heavy Industry (SSE:601989) held its collective performance briefing, detailing its performance in 2024 and Q1 2025. The company reported a strong order backlog exceeding 30 million deadweight tons, valued at over CNY 140 billion, securing production until the end of 2028. A significant portion of new orders reflects a trend towards bulk orders, green technology, and smart features, with green vessel orders comprising nearly 60% of the total backlog.