China Shipbuilding Industry Returns to Profit in 2024

MT Newswires Live

2025/04/30

China Shipbuilding Industry (SHA:601989) returned to profit in 2024, posting a net profit attributable to shareholders of 1.31 billion yuan or 0.057 yuan per share, according to a Shanghai Stock Exchange filing on Wednesday.

The Chinese shipbuilder's year-ago loss was 786.7 million yuan or 0.035 yuan per share.

The company's operating income in the same period jumped 19% to 55.4 billion yuan from 46.7 billion yuan in the previous year, the filing said.

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