China Shipbuilding Industry Co., Ltd. was approved by the State-owned Assets Supervision and Administration Commission of the State Council, and was established by China Shipbuilding Industry Corporation, Anshan Iron and Steel Group Co., Ltd. and China Aerospace Science and Technology Corporation as the promoters. On March 18, it was registered with the State Administration for Industry and Commerce. According to the approval of the China Securities Regulatory Commission, in December 2009, the company issued a public offering of shares to the public to issue 1.995 billion shares. On December 16, 2009, the company was listed on the Shanghai Stock Exchange.
According to the modern enterprise system and the laws and regulations of the capital market, the company has established a relatively scientific and perfect management system and governance structure. The company's headquarters has eight functional departments to manage the R&D, production, operation, finance, investment, capital operation and other businesses of 18 wholly-owned and controlled subsidiaries, and set up a special organization to manage according to the regulations of the securities authorities. Investor relations work, information disclosure and other businesses have formed a good interaction with the capital market.
Second, the company's business characteristics and competitive advantages
(1) China's strongest and largest naval ship equipment supplier
China Heavy Industries is currently the first listed company in the A-share capital market to be approved by the national defense science and technology industry management department. At present, China Heavy Industries has a large number of high-quality scientific and technological achievements and independent core technologies in the key technologies of ship-borne weapons and equipment, and supporting marine products. The products include diesel engines and components for ships, ship-borne weapon launchers, navigation devices for ships, and ships. It is equipped with various military ships such as communication equipment, military reinforcement computers, and ship transmissions.
The controlling shareholder CSSC is the main research and supplier of China's naval ship equipment, occupying more than 80% of China's naval ship equipment market. The Big Ship Group, a subsidiary of the controlling shareholder, is the only military enterprise in China that produces large-scale underwater strategic ships. With the injection of military assets of major shareholders in 2010, the company's ship support and ship equipment value has increased to more than 50% of the overall shipbuilding cost, truly achieving military-civilian integration, and long-term maintenance of China's A-share military listed companies Leading position.
With the transformation of China's navy from the "brown water navy" to the "blue water navy", China's navy construction will be in a period of rapid development for a long period of time in the future. China's heavy work is the mainstay of China's naval equipment construction, and will benefit from the great development of the navy in the long run.
(2) The leading force of China's shipbuilding industry, using capital market to enhance competitiveness
China's heavy work is the flagship flagship of China Shipbuilding Industry Corporation, and it is the strongest and largest ship equipment enterprise in China. It has a dominant position in the traditional business field of marine equipment such as marine power and components and marine auxiliary equipment. However, for a long time, ship equipment has always been the bottleneck for the development of China's shipbuilding industry. China's heavy work is the industry leader to capitalize on the capital market, increase the investment in scientific research, and effectively improve the development bottleneck of the industry and enhance the competition of the entire Chinese ship equipment industry. force.
According to the capital development strategy of the controlling shareholder CSSC, the company implemented a major asset restructuring. Shipbuilding, ship support, ship repair and other services will be added in the shipbuilding industry. The company's production and operation business includes: production of low-to-medium speed diesel engines, propulsion and transmission devices, diesel engine key components, deck machinery, cabin machinery, oil and sewage treatment equipment, marine castings and forgings; tankers, container ships, R&D, manufacturing, modification and repair of various types of ships, including bulk carriers and special vessels.
(3) Adjusting the strategic layout of the business and vigorously developing non-shipping business
In order to withstand the business risks of strong cyclical fluctuations in the shipbuilding industry, the company continues to stabilize the traditional ship business and military products business, and actively expands into the non-ship business field based on its long-term accumulation of military production and ship equipment manufacturing. Through technological innovation and business model innovation, we will continue to improve efficiency, further expand the total number of traditional superior products of non-ship-based businesses, rapidly expand the market scale, and gradually form economies of scale. Actively explore new markets and new products, and continuously promote the rational adjustment of industrial structure.
The company will be committed to the development of non-shipping business such as marine engineering and wind power nuclear power for a long time, and continuously consolidate its leading position in the industry.
At present, the company has the production capacity of various offshore engineering equipment such as drilling platforms, drilling vessels, FPSO, offshore special vessels, various offshore modules, and offshore supporting equipment in the field of marine engineering. Based on the existing platform and technology, the company will improve the research and development of different types of drilling platforms with different water depths, and form a series of products and batches; further expand the market share in the field of marine engineering through the construction of products such as drilling vessels and FPSO; The construction of various types of offshore modules will gradually realize the integration of large modules.
In the field of energy transportation equipment, it has the main wind power supporting equipment such as wind power gearbox, paddle, wind power yaw, wind power pitcher, nuclear power generation emergency generator set, nuclear power plant water treatment system design and production capacity; production of high-tech content High-speed rail equipment, subway equipment, urban light rail equipment, railway wagons, engineering special vehicles, special trucks and other transportation equipment.
The company has now formed shipbuilding and ship support, ship equipment, ship repair, marine engineering equipment, energy transportation equipment and other five business segments. Before 2015, we will strive to achieve non-shipping and military products accounting for more than 55% of the company's total business volume, and the business structure will be more stable.
(4) Strong national science and technology research and development capabilities
At present, China Heavy Industries has four state-level enterprise technology centers, two national defense technology industrial enterprise technology centers, a national defense technology industrial technology research and development application center, China's largest hard tooth surface gear transmission development and production base, and nine provincial technology centers. And other powerful research institutions have won 9 national defense science and technology progress awards.
The company has five subsidiaries that have become important determinants of relevant national industry standards. Qingdao Shuangrui Anti-corrosion and Anti-fouling Engineering Co., Ltd., a wholly-owned subsidiary, occupies 70% of the domestic seawater electrolysis anti-corrosion and anti-fouling device. With more than 20 years of rich anti-corrosion and anti-pollution industry experience, it has developed the most advanced ballast water treatment technology in China.
As the leading force in the domestic shipbuilding industry, CSIC has strong R&D strength and strong technical level. It has 28 of the 30 military and marine research institutes in the country, in navigation, communication, underwater acoustics, optics, and marine electronics. Many professional disciplines such as new materials represent the top level in China. R&D production capacity of 180,000 DWT bulk carriers, 388,000 DWT ore vessels, 320,000 DWT super large oil tankers, 10000 TEU container ships, large ro-ro ships, JU2000 drilling platforms, world-class marine windmill installation vessels, etc. .
With the continuous injection of high-quality assets and scientific and technological strength of the controlling shareholder, the company's technology research and development capabilities in shipbuilding, shipbuilding, marine engineering and energy transportation equipment will be further enhanced, and the absolute leading position in the industry will be more stable.
Third, the company's development strategy
According to the capital market development strategy of CSIC Heavy Industry Group “total listing, step-by-step implementation, supporting and technology industry first”. In December 2009, the company successfully completed the listing of A-shares and achieved the first step of its capital development strategy.
After CSIC Heavy Industries Group has injected the corresponding shares of the four major shipbuilding and repairing enterprises of the major shipbuilding heavy industry, barge heavy industry, Beichuan Heavy Industry and Shanchuan Heavy Industry, China Heavy Industry has penetrated shipbuilding and ship support, ship equipment and ship repair. The five business segments of marine engineering equipment and energy transportation equipment have become the only ship and marine engineering manufacturing enterprises in the whole industry chain in the country. They have maintained the leading position of military listed companies in terms of asset size, business income, profit and market value.
In the future, the company will give full play to the advantages of military technology, vigorously adjust the industrial structure, further improve the high-tech shipbuilding, marine engineering and energy transportation equipment research and development production system, through industrial integration and reorganization, to achieve a connotative and extensional compound growth, become The country's strongest and largest international and first-class ship and ship equipment, marine engineering and energy transportation equipment enterprises.
