On April 27, China CSSC Holdings Limited (CSSC Holdings) released its First Quarter Report 2024.
The announcement disclosed that CSSC Holdings’ Q1 2024 revenue was approximately RMB 15.27 billion ( about $2.107 billion), an increase of 68.84% year-on-year; net profit attributable to shareholders of the listed company was approximately RMB 401 million (about $55.34 billion), an increase of 821.12% year-on-year. Basic earnings per share of RMB0.09, an increase of 800% year-on-year.
It is understood that CSSC Holdings is a listed company in the core military and civil products of China State Shipbuilding Corporation (CSSC), integrating large shipbuilding and repairing, electromechanical equipment, marine engineering and other businesses of CSSC, and has a complete industrial chain of the shipbuilding industry.
CSSC Holdings has four subsidiaries, namely, Jiangnan Shipbuilding (Group) Co., Shanghai Waigaoqiao Shipbuilding, CSSC Chengxi Shipyard and Guangzhou Shipbuilding International.