Announcement • Jun 30
China Shipbuilding Industry Company Limited to Report First Half, 2025 Results on Aug 30, 2025 China Shipbuilding Industry Company Limited announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 24
China Shipbuilding Industry Company Limited(SHSE:601989) dropped from Shanghai Stock Exchange 180 Value Index China Shipbuilding Industry Company Limited has been removed from Shanghai Stock Exchange 180 Value Index. Reported Earnings • May 03
Third quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.017 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.018 (up from CN¥0.017 loss in 3Q 2023). Revenue: CN¥13.2b (down 2.1% from 3Q 2023). Net income: CN¥401.1m (up CN¥702.9m from 3Q 2023). Profit margin: 3.0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 30
China Shipbuilding Industry Company Limited, Annual General Meeting, May 28, 2025 China Shipbuilding Industry Company Limited, Annual General Meeting, May 28, 2025, at 10:00 China Standard Time. Location: No. 72, Kunming Lake South Road, Haidian District, Beijing China Announcement • Mar 28
China Shipbuilding Industry Company Limited to Report Q1, 2025 Results on Apr 30, 2025 China Shipbuilding Industry Company Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
China Shipbuilding Industry Company Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 China Shipbuilding Industry Company Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.016 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.018 (up from CN¥0.016 loss in 3Q 2023). Revenue: CN¥13.2b (down 2.0% from 3Q 2023). Net income: CN¥401.1m (up CN¥704.0m from 3Q 2023). Profit margin: 3.0% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Sep 30
China Shipbuilding Industry Company Limited to Report Q3, 2024 Results on Oct 31, 2024 China Shipbuilding Industry Company Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Announcement • Sep 04
China CSSC Holdings Limited (SHSE:600150) signed a letter of intent to acquire China Shipbuilding Industry Company Limited (SHSE:601989). China CSSC Holdings Limited (SHSE:600150) signed a letter of intent to acquire China Shipbuilding Industry Company Limited (SHSE:601989) on September 2, 2024. The consideration consists of common equity of China CSSC Holdings Limited to be issued for common equity of China Shipbuilding Industry Company Limited. As part of consideration, an undisclosed value is paid towards common equity of China Shipbuilding Industry Company Limited. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.017 (vs CN¥0.005 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.017 (up from CN¥0.005 in 2Q 2023). Revenue: CN¥11.9b (up 19% from 2Q 2023). Net income: CN¥397.2m (up 216% from 2Q 2023). Profit margin: 3.3% (up from 1.3% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jun 29
China Shipbuilding Industry Company Limited to Report First Half, 2024 Results on Aug 31, 2024 China Shipbuilding Industry Company Limited announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 08
China Shipbuilding Industry Company Limited, Annual General Meeting, Jun 27, 2024 China Shipbuilding Industry Company Limited, Annual General Meeting, Jun 27, 2024, at 09:30 China Standard Time. Location: No. 72, Kunnming Lake South Road, Haidian District, Beijing China New Risk • May 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.006 (vs CN¥0.003 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.006 (up from CN¥0.003 in 1Q 2023). Revenue: CN¥10.2b (up 49% from 1Q 2023). Net income: CN¥135.3m (up 104% from 1Q 2023). Profit margin: 1.3% (up from 1.0% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Mar 30
China Shipbuilding Industry Company Limited to Report Q1, 2024 Results on Apr 27, 2024 China Shipbuilding Industry Company Limited announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Dec 30
China Shipbuilding Industry Company Limited to Report Fiscal Year 2023 Results on Apr 27, 2024 China Shipbuilding Industry Company Limited announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.016 loss per share (vs CN¥0.029 loss in 3Q 2022) Third quarter 2023 results: CN¥0.016 loss per share (improved from CN¥0.029 loss in 3Q 2022). Revenue: CN¥13.4b (up 22% from 3Q 2022). Net loss: CN¥303.0m (loss narrowed 54% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Oct 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Ying Chen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
China Shipbuilding Industry Company Limited to Report Q3, 2023 Results on Oct 31, 2023 China Shipbuilding Industry Company Limited announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.037 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.005 (up from CN¥0.037 loss in 2Q 2022). Revenue: CN¥10.0b (up 14% from 2Q 2022). Net income: CN¥125.7m (up CN¥768.5m from 2Q 2022). Profit margin: 1.3% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
China Shipbuilding Industry Company Limited to Report First Half, 2023 Results on Aug 31, 2023 China Shipbuilding Industry Company Limited announced that they will report first half, 2023 results on Aug 31, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.003 (vs CN¥0.002 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.003 (up from CN¥0.002 in 1Q 2022). Revenue: CN¥6.82b (up 12% from 1Q 2022). Net income: CN¥66.4m (up 20% from 1Q 2022). Profit margin: 1.0% (up from 0.9% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman of the Board Liang Wang is the most experienced director on the board, commencing their role in 2017. Independent Director Ying Chen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.029 loss per share (vs CN¥0.003 loss in 3Q 2021) Third quarter 2022 results: CN¥0.029 loss per share (further deteriorated from CN¥0.003 loss in 3Q 2021). Revenue: CN¥11.0b (up 28% from 3Q 2021). Net loss: CN¥665.0m (loss widened CN¥562.2m from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.037 loss per share (vs CN¥0.002 loss in 2Q 2021) Second quarter 2022 results: CN¥0.037 loss per share (down from CN¥0.002 loss in 2Q 2021). Revenue: CN¥8.82b (down 2.8% from 2Q 2021). Net loss: CN¥642.8m (loss widened CN¥597.4m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Aug 26
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Chairman of the Board Liang Wang is the most experienced director on the board, commencing their role in 2017. Independent Director Ying Chen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.002 (down from CN¥0.009 in 1Q 2021). Revenue: CN¥6.11b (down 14% from 1Q 2021). Net income: CN¥55.6m (down 73% from 1Q 2021). Profit margin: 0.9% (down from 2.9% in 1Q 2021). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 56%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.003 loss per share (vs CN¥0.007 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥8.64b (up 18% from 3Q 2020). Net loss: CN¥102.8m (loss narrowed 36% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 27
Second quarter 2021 earnings released: CN¥0.002 loss per share (vs CN¥0.002 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: CN¥9.08b (down 30% from 2Q 2020). Net loss: CN¥45.4m (loss narrowed 14% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • May 02
Full year 2020 earnings released: CN¥0.021 loss per share (vs CN¥0.02 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥34.9b (down 8.3% from FY 2019). Net loss: CN¥481.2m (down 196% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥3.98 The company is down 7.0% from its price of CN¥4.28 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. Announcement • Jan 29
China Shipbuilding Industry Company Limited(XSSC:601989) dropped from S&P Global BMI Index China Shipbuilding Industry Company Limited(XSSC:601989) dropped from S&P Global BMI Index Is New 90 Day High Low • Jan 12
New 90-day high: CN¥4.44 The company is up 1.0% from its price of CN¥4.40 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥4.04 The company is down 9.0% from its price of CN¥4.42 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥821.2m, with earnings decreasing by CN¥1.27b from the prior year. Total revenue was CN¥38.5b over the last 12 months, down 1.1% from the prior year. Announcement • Oct 29
China Shipbuilding Industry Company Limited to Report Q3, 2020 Results on Oct 31, 2020 China Shipbuilding Industry Company Limited announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 21
New 90-day low: CN¥4.29 The company is down 17% from its price of CN¥5.18 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.95 per share. Announcement • Jul 10
China Shipbuilding Industry Company Limited to Report First Half, 2020 Results on Aug 28, 2020 China Shipbuilding Industry Company Limited announced that they will report first half, 2020 results on Aug 28, 2020 
