China CSSC Holdings reports strong half-year results, merger nearing completion

China CSSC Holdings achieved a total operating income of CNY 40.325 billion in the first half of 2025, an 11.96% increase year-on-year, with total profit soaring by 129.50% to CNY 3.518 billion. This performance was primarily fueled by an optimized order structure in the shipbuilding industry and improved profitability of civil product deliveries. The company also reported a 108.59% rise in net profit attributable to shareholders, reaching CNY 2.945 billion.

The company is actively advancing its significant asset restructuring, a share-swap merger with China Shipbuilding Industry Co. Ltd. (CSSC Offshore & Marine Engineering Company Limited), which received approval from the China Securities Regulatory Commission on July 18, 2025. CSSC Offshore & Marine Engineering Company Limited’s A-share stock will delist on September 5, 2025, marking the final stages of the merger. This will create a unified entity expected to enhance market competitiveness and operational efficiency.

China CSSC Holdings continues to prioritize technological innovation, securing 38 science and technology awards and applying for 748 patents in the first half of the year. The company’s financial arm, CSSC Financial Co. Ltd., reported total assets of CNY 248.73 billion and liabilities of CNY 227.594 billion as of June 30, 2025, with strong liquidity and controlled risks.