On December 11th, the 2024 Maritime Industry Integration Conference, jointly organized by China CSSC Holdings Limited (CSSC) and China Shipbuilding Industry Company limited (CSIC), was successfully held in Nansha, Guangzhou. Through this conference, representatives from the industry and financial sectors visited China State Shipbuilding Corporation, as well as the listed companies in the “CSSC Chain” and “CSSC System.” This initiative has contributed to understanding the value of the “shipbuilding” sector, invigorating the capital and shipbuilding markets, and boosting market confidence with the “shipbuilding” strength. More than 200 representatives from important domestic shipowners, listed companies, major brokerage firms, investment institutions, relevant departments of the headquarter of CSSC and member units attended the meeting.
This conference, themed “New Beginning, New Journey,” aims to promote high-quality integration of capital markets and the shipbuilding industry. It is a significant event for the reform, restructuring, and development integration of the two flagship listed companies in the shipbuilding sector, CSSC and CSIC. At the conference, Wang Yongliang, Director of the Economic Operation Department of CSSC, and Chen Wei, Chairman of COSCO SHIPPING Bulk Carrier Co., Ltd., delivered speeches respectively.
At present, the two listed companies of CSSC hold orders exceeding 50 million deadweight tons, making them a “clear leader” in the industry. Reflecting on the capital market, the listed shipbuilding companies have entered a period of performance boom. On October 8, the market value of CSSC reached a historic high of RMB 200 billion.
The two listed companies will take this stock swap merger as a “new beginning” and leverage six “new opportunities” from mergers and acquisitions to accelerate restructuring efforts. They aim to showcase the “new highlights” of their restructuring results to the industry and financial sectors, usher in a “new cycle” in the shipbuilding market, create a “new flagship” in the maritime industry, and embark on a “new journey.” Participants believe that the shipbuilding industry is seen as an industry with certain future growth, and the listed shipbuilding companies have a definite premium.
Accelerating the construction of a first-class listed company is an inevitable requirement for the construction of a world-class shipbuilding group. In the next step, CSSC will continue to deepen its core business, create value, and continuously improve its operating quality; focus on industrial collaboration, deepen integration and fusion, and strive to build a listed company with clear positioning and tiered development; continue to care about the rights and interests of investors, share development results with investors, and go hand in hand on the road of value return; in the future, CSSC will present its image to the capital market with a more positive and open attitude. The comprehensive measures of “industry-finance integration and value creation” were also widely recognized by the delegates.
At this conference, keynote speeches were made from the perspectives of construction of listed companies, development of ship greening, supply chain synergy, transformation and upgrading of ship and sea industry, development of capital market, technological innovation and other hotspots of related fields were discussed in depth.