Holding four major shipyards, the whole industrial chain layout

1.3. Guangship International: the largest and strongest military auxiliary ship production support base in China

As the largest and strongest military auxiliary ship production support base in South China, CGSI can develop, design and build all kinds of ships below 400,000 DWT that meet the requirements of the world's major classification societies. Gf International is born and prospers by the military. After the founding of New China, the south coast defense was weak, at the request of the Navy, the torpedo speedboat factory was established in Guangzhou, and the Guangzhou Shipyard was prepared in 1954. Guangshu International built a number of wooden torpedo boats, in the "August 6th" Mindong Sea battle and the "Chongwu East Sea Battle" sank and wounded enemy gunboats, and made great achievements. Over the past 60 years, it has built and delivered hundreds of ships of various types for the Chinese Navy. It has built the Type 02 torpedo fast boat, the 55A high-speed gunboat, the Type 65 frigate, the 051 guided missile destroyer, the frigate, the aid ship, the peace boat hospital ship, the supply ship, the cable laying ship and so on.

In terms of civilian vessels, medium-range refined oil products (MR) and ultra-convenient oil tankers are the advantages of GF International. Cgsi has mastered core technologies in MR, LR1&LR2, VLCC, VLOC vessels, as well as semi-submersible vessels, passenger and roller vessels and other high-tech and high value-added vessels, achieving full coverage of tanker series. It has successfully built an 18,000-ton semi-submersible transport vessel known as the "all-around champion" and China's first 1,600-meter lane / 1,500-seat luxury passenger roller boat, and its high-tech research achievements are at the leading level in China. The 320,000 DWT VLCC and 250,000-ton ore carrier (VLOC) independently developed and built by GF International have won the favor of the market. According to Clarkson data, the total number of MR Ships manufactured by Guangsheng International reached 8.13 million DWT, ranking third in the world and first in China. Portable liquid cargo ship series products, its cost performance has reached the international first-class level, favored by the market, Guangshu International manufacturing super portable oil tanker total 9.95 million DWT, ranking third in the world.

In 2022-2025, the proportion of oil tankers in the orders in hand of Guangshu International is as high as 66%. According to Clarkson statistics, CGSI has two dry docks, four berths and a maximum crane load of 900 tons. Guangzhou Shipbuilding International has orders for 63 ships totaling 4.38 million DWT. The completion of 20 ships in 2021 totalling 1.21 million DWT with an order value of $1.1 billion, and the on-hand order + completion of 1.32 million DWT with an order value of $1.2 billion in 2022. In 2023, the order volume reached 1.9 million DWT and the order value was 1.8 billion US dollars. In terms of deadweight tons, the highest proportion of tankers in the order book is 66%, followed by container ships at 29%. According to the company announcement, CGSI will achieve revenue of 11.1 billion yuan in 2021, accounting for 18.58% of the total revenue of China's shipping.

1.4. CSSC Chengxi: five-star repair shipyard, aiming at high value-added ship types

CSSC Chengxi is known as a "five-star" repair shipyard in the industry, especially in the repair and modification business of high-tech and high value-added special ships with a large market share. CSSC Sumisai was formerly known as Sumisai Ship Repair Factory, which was built in 1973. In 2007, CSSC Chengxi Ship Repair Co., Ltd. was officially established. At the beginning of its establishment, the strategic goal was to "strengthen ship repair, moderate shipbuilding, and expand non-ship". "Short cycle, high efficiency and excellent quality" is the distinctive feature of the company's ship repair brand, with high recognition by shipowners and stable quality customers. In 2021, CSSC Chengxi successfully delivered 1 self-discharging refitted ship, 2 orange juice refitted ships, 46 newly installed desulfurization units, 85 ballast water treatment projects, undertook 12 special coating ship projects, 14 national ships, and 83 ballast water installation projects, and the output value of high value-added and high-tech ships accounted for 73%. In terms of shipbuilding, in 2021, CSIC Chengxi achieved phased results in 62,000 tons of heavy lifting vessels and 26,000 tons of self-discharging vessels, and various high-end ships such as asphalt vessels and refrigerated containers were delivered smoothly.

Self-discharging bulk carrier and portable bulk carrier are the dominant ship types of CSSC. According to Clarkson data, the total number of self-discharging bulk carriers built by Chengxi is 550,000 DWT, ranking first in the world. According to the International Shipping network, in January 2022, CSSC Chengxi delivered the world's most advanced green dump ship, 26,000 tons of double-paddle double-rudder all-electric push dump ship No. 1 ship. The ship is the world's most advanced green dump ship, using the world's most advanced Borg thruster "double fin full electric propulsion system", the propulsion efficiency increased to about 70%, the unique "sail mode" can effectively reduce about 20% of the sea water resistance; The dump system has a unloading rate of 5,450 tons per hour and, for the first time, uses a retractable boom for more flexible dock unloading points. The handy bulk carrier is also the dominant ship type of CSSC Chengxi. The total amount of the large handy bulk carrier built by CSSC Chengxi is 9.04 million DWT, ranking fifth in the world.