China CSSC Holdings renews financial services, expands business scope

China CSSC Holdings Limited (SSE:600150) has announced the renewal of its financial services agreement with CSSC Finance Co., Ltd. for 2026, a related party transaction. This agreement allows for daily maximum deposit balances of up to RMB 170 bn and loan limits of RMB 33 bn, with annual credit of RMB 80 bn and foreign exchange transactions of $17.5 bn.

Concurrently, the company will undertake hedging and derivative transactions for 2026, with an estimated maximum daily contract value of $5.1 bn, aiming to mitigate exchange rate and raw material price fluctuations. Additionally, China CSSC Holdings plans to provide guarantees of up to RMB 3.70528 bn for its subsidiaries in 2026. These subsidiaries, including Dalian Shipbuilding Industry Group Equipment Manufacturing Co., Ltd. and Guangzhou Wenchong Shipyard Co., Ltd., are within the consolidated financial statement scope, and the transactions do not involve related party guarantees.

The company has also revised its articles of association, reflecting an increase in registered capital to RMB 7,525,621,288 and an expanded business scope to include investment management and asset management services, following the absorption merger with China Shipbuilding Industry Co., Ltd. These measures are designed to support the company's operational needs and sustainable growth.