In 2021, the global shipping market broke out, and the high outlook was also transmitted to the upstream of the industrial chain. On March 8, China Cssc Holdings Limited(600150) ( China Cssc Holdings Limited(600150) ) disclosed its main operating data. In 2021, the company achieved a significant increase in new ship orders and a significant increase in ship prices. As a leader in the shipbuilding industry, China Cssc Holdings Limited(600150) ‘s data further confirms the arrival of the upward cycle of the shipbuilding market in 2021.
The announcement shows that the volume and price of China Cssc Holdings Limited(600150) 2021 will rise simultaneously. Throughout the year, the company undertook 132 orders for civilian ships / 121117 million dwt, with a year-on-year increase of 91%. According to the data of China Cssc Holdings Limited(600150) Industry Association, the orders of civil products ships of the company accounted for about 9.72% of the orders in the global market (in DWT).
In addition, China Cssc Holdings Limited(600150) 2021 completed the undertaking of 732 diesel engines / 6.15 million horsepower, with a year-on-year increase of 30%; The amount of ship repair orders was 2.427 billion yuan, a year-on-year increase of 5%.
China Cssc Holdings Limited(600150) ‘s orders on hand also “burst”. In response to investors’ questions on the interactive platform last December, the company said that the current order scheduling has been to 2023 and after 2024 China Cssc Holdings Limited(600150) also introduced that under the influence of the world shipping market, the shipbuilding market shows obvious signs of recovery. At present, it is in the stage of bottoming in the long cycle and medium cycle, while the small cycle begins to rise.
China Cssc Holdings Limited(600150) is a listed company in the core military and civil products industry of China shipbuilding group. It integrates the large-scale ship building and repair, power and electromechanical equipment, marine engineering and other businesses of China Cssc Holdings Limited(600150) group, and has a complete industrial chain of the shipbuilding industry. From the perspective of business structure, in the 2020 annual report, China Cssc Holdings Limited(600150) the operating revenue of ship repair business is 43.201 billion yuan, accounting for nearly 80% of the company’s revenue.
Previously, according to the third quarterly report of 2021, China Cssc Holdings Limited(600150) performance has significantly warmed up. The company achieved a net profit of 411 million yuan in the first three quarters, with a year-on-year increase of 138.92%, which has exceeded the annual performance level of 2020 (306 million yuan).
Shipbuilding industry is a long-term industry. Before this cycle, the industry has been depressed for a long time, and the performance of China Cssc Holdings Limited(600150) has also been depressed in recent years. In 2019 and 2020, the company’s net profit fell for two consecutive years China Cssc Holdings Limited(600150) the last round of performance explosion was from 2009 to 2011.
From the data of the whole industry, China Cssc Holdings Limited(600150) industry association previously disclosed that in 2021, the world economy recovered unevenly, the international shipping market showed a positive trend, and the global new shipbuilding market rebounded beyond expectations. China continues to rank first in the three major indicators of shipbuilding industry in the world. The number of completed shipbuilding, new orders and hand-held orders China Cssc Holdings Limited(600150) enterprises account for about 50% of the world’s total, and continue to rank first in the world.
At the same time, the data show that China Cssc Holdings Limited(600150) group, China’s largest shipbuilding enterprise, surpassed Hyundai Heavy Industries in three shipbuilding indicators for the first time in 2021, becoming the world’s largest shipbuilding group, with 206 ships completed and delivered, accounting for 20.2% of the global market share, and the contract amount of new orders was 130.15 billion yuan, the latest record since 2008.
Looking forward to 2022, the article released by China Cssc Holdings Limited(600150) Industry Association also pointed out that the uncertainty of the impact of covid-19 pneumonia on the world economy still exists, and the external environment is becoming more complex and severe. However, the confidence of the shipping and shipbuilding industries has been significantly boosted. In addition, the New International Maritime Environmental Protection Regulations are about to enter into force and the market opportunities brought by the demand for decarbonization, It is expected that the global demand for new ship ordering will not shrink significantly in 2022, and the trading volume will be about 90 million dwt.
