Holding four major shipyards, the whole industrial chain layout

In 2022-2025, container ships accounted for 67% of Jiangnan Shipbuilding's orders in hand. According to Clarkson data statistics, Jiangnan Shipbuilding has 2 dry docks, 1 berth, and the maximum working load of the crane is 1600 tons. As of May 2022, Jiangnan Shipbuilding has ordered 60 ships with a total of 5.54 million DWT. The completion of 22 vessels in 2021 totalling 1.42 million DWT with an order value of $1.5 billion, and the on-hand order + completion of 1.44 million DWT with an order value of $1.6 billion in 2022. In 2023, the order volume reached 2.24 million DWT and the order value was 2.24 billion US dollars. In terms of deadweight tons, container ships accounted for the highest proportion of orders in hand at 67%, followed by gas vessels at 32%. According to the company announcement, Jiangnan Shipbuilding will achieve revenue of 25.079 billion yuan in 2021, accounting for 41.98% of the total revenue of China Shipbuilding, and achieve a net profit of 447 million yuan.

1.2. Waigaoqiao Shipbuilding: China's leading enterprise in civil shipbuilding, with three major sectors: civil ships, offshore engineering and cruise ships

Waigaoqiao Shipbuilding is a leading enterprise in China's civil shipbuilding industry and one of the most large-scale, modern, professional and influential shipbuilding enterprises in the shipbuilding industry. The existing business of Waigaoqiao Shipbuilding is mainly divided into three major sectors: merchant shipping, Marine engineering and cruise. In the field of merchant shipping, the products cover bulk carriers, oil tankers, very large container ships, liquefied gas vessels. In the field of offshore engineering equipment, the products cover semi-submersible drilling platforms, jack-up drilling platforms, floating production and storage tankers. In 2021, three inventory RIGS were delivered and one 340,000 ton FPSO was commissioned. In the field of large cruise ships, Waigaoqiao Shipbuilding contracted to build China's first domestic large cruise ship, marking that China's shipping industry has achieved zero breakthroughs in this field, and officially entered a new era of large cruise ship construction. In 2021, it completed the configuration of a number of technologies such as dual fuel for a number of key ship types, and made efforts to break through a number of key core technologies, including the development of LNG transport ship types and the application of green fuel.

The bulk carrier is the dominant ship type of Waigaoqiao Shipbuilding, accounting for 16.7% of the world fleet, and Waigaoqiao Shipbuilding won the single manufacturing champion awarded by the Ministry of Industry and Information Technology in 2021. The "single champion" of the manufacturing industry represents the highest level of development and the strongest market strength of the global branch industry. Waigaoqiao Shipbuilding individual champion product is "Cape of Good Hope" type bulk carrier, from the first generation of 175,000 tons, experienced 175K, 176K, 186K, 206K, 208K and other 11 products, are independently developed by Waigaoqiao Shipbuilding. The typical ship type is the sixth-generation 180,000 tons standard Capesize bulk carrier, which adopts environment-friendly double hull protection and has a good leading role in energy-saving and low-carbon design. "Cape of Good Hope" type bulk carrier is one of the fine ship types with complete independent intellectual property rights and strong market core competitiveness in China's shipping industry, which is praised by the industry as a successful example of transforming from "Made in China" to "created in China". Waigaoqiao's "Cape of Good Hope" brand is the world's green ship type research and development center, is the largest domestic construction, the largest international market share of China's ship export "first brand", accounting for 16.7% of the world fleet. Clarkson data show that the total amount of Capesize bulk carriers manufactured by Waigaoqiao Shipbuilding reached 52.54 million DWT, ranking first in the world. The total volume of bulk carriers manufactured by the company is 52.87 million DWT, ranking second in the world.

In 2022-2025, Waigaoqiao Shipbuilding's orders in hand accounted for up to 40% of bulk carriers. According to Clarkson data statistics, Waigaoqiao shipbuilding has 2 dry docks, 4 berths, and the maximum working load of the crane is 800 tons. Waigaoqiao Shipbuilding has 60 ships on hand for a total of 7.12 million DWT. The completion of 20 ships in 2021 totalling 3.56 million DWT with an order value of $2.1 billion, and the on-hand order + completion of 2.62 million DWT with an order value of $800 million in 2022. In 2023, the order volume reached 2.96 million DWT and the order value was 4.2 billion US dollars. In terms of deadweight tons, bulk carriers accounted for up to 40% of the orders in hand, followed by containers at 34%. According to the company announcement, Waigaoqiao Shipbuilding will achieve revenue of 12.357 billion yuan in 2021, accounting for 20.68% of the total revenue of China Shipbuilding, and achieve a net profit of -420 million yuan.