Soochow: In Q1 2025, shipyards have full orders on hand, and the supply-demand gap in the Industry remains apparent.
As of the end of Q1 2025, the order backlog of global shipyards continues to grow, totaling 0.381 billion deadweight tons / 0.162 billion gross tons, an increase of 2% / 1% compared to the end of 2024.
Huayuan Securities: OPEC+ continues to exceed expectations in production increase, VLCC demand welcomes growth.
The recent unexpected continuous increase in production by OPEC+ mainly comes from the major oil-producing countries in the Middle East, such as Saudi Arabia and Iraq, whose Crude Oil Product exports are mainly aimed at the Asia market and primarily rely on VLCC for Marine Transportation.
Express News | China Shipbuilding Industry Group Power: plans to purchase 16.5136% equity of CSSC Diesel Engine Co., Ltd. from the Industrial Conglomerates.
Nuclear Power is receiving a strong boost! The State Council has approved the Zhejiang Sanmen Phase III project and other Nuclear Power projects.
Analysis suggests that this is undoubtedly a significant Bullish factor for the Nuclear Power Industry Chain.
China Shipbuilding Industry Group Power (600482): The marine business has exceeded the annual plan, and the effects of the "cost engineering" are significant.
Event: China Shipbuilding Industry Group Power released the 2024 annual report and the Q1 report for 2025, achieving revenue of 51.697 billion yuan in 2024, representing a year-on-year increase of 14.62%, and a net income of 1.391 billion yuan, representing a year-on-year increase of 78.43.
China Shipbuilding Industry Group Power (600482): Performance exceeded expectations. The limitations on shipyards significantly weakened, and the Bearish outlook has dissipated. The shipbuilding cycle is expected to stabilize and trend upward.
Investment highlights: Event: The company released the 2024 annual report and the first quarter report of 2025. According to the announcement, the revenue for 2024 is 51.7 billion yuan, a year-on-year increase of 15%, and the net income attributable to the parent company is 1.391 billion yuan, a year-on-year increase of 78%, close to.
China Shipbuilding Industry Group Power Co., Ltd. Report for the first quarter of 2025
China Shipbuilding Industry Group Power Co., Ltd. 2024 Annual Report
Summary of the 2024 annual report of China Shipbuilding Industry Group Power Co., Ltd.
Express News | China Shipbuilding Industry Group Power: Net income in the first quarter increased by 349% year-on-year.
China Shipbuilding Industry Group Power (600482): Performance expected to grow significantly in 2024 with both quantity and price of diesel power on the rise.
Performance Review On April 25, 2025, the company released its 2024 annual report and the first quarter report for 2025, achieving revenue of 51.697 billion yuan in 2024, a year-on-year increase of 14.62%; achieving a net income attributable to the parent of 1.391 billion yuan.
Express News | China Shipbuilding Industry Group Power: Director Yao Zuhui has resigned.
In the first quarter, there have been continuous "good news"! 51 listed companies in the Shanghai market are expected to perform well, with over 40% of them doubling their Net income.
① Recently, A-share listed companies have been continuously reporting good news. So far, 54 listed companies in the Shanghai market have disclosed their performance forecasts for the first quarter of 2025, with 51 companies expecting good results, a rate of over 94%; ② Among these companies with expected good performance, over 40% are projected to double their Net income year-on-year in the first quarter. Relevant listed companies in industries such as Electronics, CSI SWS Health Care index, Machinery, Chemical, and Nonferrous Metals have shown a strong performance growth trend.
Express News | China Shipbuilding Industry Group Power: It is expected that in the first quarter of 2025, net income will increase by 240.48%-410.73% year-on-year.
China Shipbuilding Industry Group Power Co., Ltd. Performance pre-increase announcement for the first quarter of 2025
China Shipbuilding Industry Group Power (600482.SH): Chairman Li Yong is acting as the company's Board of Directors Secretary.
As of April 3, 2023, China Shipbuilding Industry Group Power (600482.SH) announced that Mr. Shi Jun will have acted as the Secretary of the Board of Directors for 3 months. According to the regulations of the Shanghai Exchange and other relevant laws and regulations, starting from April 8, 2025, the Secretary of the Board of Directors duties will be assumed by the company's Chairman, Mr. Li Yong.
Express News | The fourth generation battery replacement products of the Wind Sail Company under China Shipbuilding Group has been launched.
China Shipbuilding Industry Group Power (600482.SH): The Generator product of diesel engine is mainly used in Ships and nuclear emergency applications.
On March 21, Gelonghui reported that China Shipbuilding Industry Group Power (600482.SH) stated on the investor interactive platform that its diesel generator sets are currently mainly used in Ships and nuclear emergency situations, and can also be utilized in Datacenter applications. The company is actively working on obtaining certifications and will focus on developing relevant markets.
China Shipbuilding Industry Group Power (600482.SH): The company's low-speed diesel engines are currently at full production capacity.
Gelonghui reported on March 21 that China Shipbuilding Industry Group Power (600482.SH) stated on the investor interaction platform that the company's low-speed diesel engines are currently operating at full production capacity and are being delivered on schedule according to the production plan. With the upward cycle of Ship in recent years, engine prices have also increased, leading to a rise in gross margin, with the gross margin of the company's diesel engines expected to be around 17% in the first three quarters of 2024.
Zheshang: In February, the new Ship price Index grew by about 3% year-on-year, continuing to recommend leading Ships.
According to Clarksons data, as of the end of February 2025, the Clarksons new ship price Index was reported at 188.36 points, a year-on-year increase of 2.84%, but a decrease of 0.54% compared to the previous month. In terms of ship types, container ships, tankers, bulk carriers, and liquefied gas carriers all saw a slight decrease compared to the previous month.