China Shipbuilding Industry Corporation
|Hu Wenming (胡问鸣) (Chairman)|
|Traded as||SSE: 601989|
The China Shipbuilding Industry Corporation (CSIC) is one of the two largest shipbuilding conglomerates in China, the other being the China State Shipbuilding Corporation (CSSC). It was formed by the Government of the People's Republic of China on 1 July 1999 from companies spun off from CSSC, and is 100% owned by SASAC. Headquartered in Beijing, the CSIC handles shipbuilding activities in the north and the west of China, while the China State Shipbuilding Corporation (CSSC) deals with those in the east and the south of the country.
CSIC's subsidiary, China Shipbuilding Industry Company Limited (CSICL), was listed on the Shanghai Stock Exchange in 2008. Its trade arm is China Shipbuilding & Offshore International Co. Ltd.
CSIC has developed 10 main product sections: shipbuilding, marine engineering, diesel engines, storage batteries, large steel structure fabrications, port machinery, turbochargers, tobacco machinery, gas meters and automation distribution systems.
The main business scope of CSIC includes management of all the state owned assets of the corporation and its subsidiaries, domestic and overseas investment and financing, undertaking scientific research and production of military products, mainly of warships, design, production and repair of domestic and overseas civil vessels, marine equipment and other non-ship products, various forms of economic and technological co-operation, overseas turnkey project contracting, labour export, projects of production with foreign materials, engineering project contracting, engineering construction, building construction and installation, and other business authorized.
CSIC consists of 96 enterprises located in northern China, and employs over 300,000 people. Assets include shipbuilding and industrial enterprises in Dalian (Dalian Shipbuilding Industry Company), Tianjin, Qingdao, Wuhan, Xi'an, Chongqing and Kunming, as well as 30 research institutes and ten laboratories developing naval and civil vessels and related equipment.
China State Shipbuilding Corporation (CSSC) carried out fundamental institutional restructuring. Ship building and repair enterprises and related equipment manufacturers formerly owned by CSSC in areas of Dalian, Tianjin, Wuhan, Kunming and Xi’an, together with majority of the institutes under China Ship Research & Development Academy, formed China Shipbuilding Industry Corporation (CSIC), which was founded on 1 July 1999 in Beijing. This was part of the overall State Council initiative of 1 July 1999, under which the Chinese government split the top five Defense and Technology Corporations into ten new enterprises. These corporations are all large State-owned enterprises (SOEs) under direct supervision of the State Council. These SOEs include the China State Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation (CSIC).
CSIC is the largest group in China in the field of design, manufacture, and trade of military and civil ships, marine engineering and marine equipment. CSIC is a very large state owned enterprise (SOE) supervised by The State Council, a state authorised institution of investment, to combine investment with the industry, industry with trade, research and production, undertaking scientific and technological research and design on ships, civil vessels, marine equipment, production and sales of civil electro- mechanical products.
Consisting of some of the enterprises and institutes of former China State Shipbuilding Corporation (old CSSC), it has a total of 97 member units, assets worth of RMB 34 billion, annual turnover of RMB11 billion, 1.1 million DWT shipbuilding output per annum. There are 48 industrial enterprises, 28 scientific & technological research institutes, 15 share holding companies in CSIC, spread in more than 20 provinces and cities in China. Among its subsidiaries, CSIC has the world-renowned Dalian Shipyard, Dalian New Shipyard, Bohai Shipyard, Wuchang Shipyard, Shanhaiguan Shipyard, China Ship Research & Development Academy, China Shipbuilding Trading Company Ltd., China National Shipbuilding Equipment & Material Corporation, China Offshore Industrial Corporation, HZ Windpower (Haizhuang Wind Power Equipment) etc.
CSIC possesses the largest shipbuilding and ship repair bases, capable of undertaking research, design, manufacture and repair of various civil vessels up to the capacity of 388,000 DWT, marine engineering, surface and submersible combat vessels, naval supplementary boats, under water weapons and other related equipment. The hundreds of civil vessels, marine engineering projects and other machinery and electronics designed and built by CSIC have been exported to dozens of countries and regions. By utilizing shipbuilding and military technologies, CSIC has developed hundreds of electro-mechanic products which have been used in more than 20 domestic industries and fields such as aerospace, metallurgical, hydroelectricity, light industries, etc. The world-renowned Dalian shipyard, Dalian New Shipyard, Bohai Shipyard, Shan Hai Guan Shipyard, Wuchang Shipyard, Dalian Marine Diesel Engine Works, Shaanxi Diesel Engine Factory, China Ship Research & Development Academy, China Ship Scientific Research Center, China Shipbuilding Trading Co Ltd, China United Shipbuilding Co Ltd (Hong Kong), China National Shipbuilding Equipment & Materials Corp and China Offshore Industrial Corp are all members of CSIC.
CSIC is the largest shipbuilding and ship repair corporation in the country capable of undertaking new building and ship repair of various ships including VLCCs, surface and submersible naval vessels and naval supplementary boats up to a capacity of 300 000 dwt class. Ships of this description have been exported worldwide over 50 countries and regions. CSIC also consists of the country's main force on research and design of military ships. It has 28 scientific research institutes with over 360 major specialties involved, with about 30 000 technicians, six state-level laboratory centers, 150 large-scale laboratories and three state-level technological centers. CSIC is capable of developing and inventing new products with its strong scientific back up. CSIC is also the largest marine equipment manufacturer in the country. It has 38 plants producing marine diesel engines, marine equipment and auxiliary products including ship accessories for both military and civilian use. Some of these products are either produced under production licenses or technological transfer. By using shipbuilding and military technologies, CSIC has strength in developing and manufacturing large turnkey equipment. It has developed and produced hundreds of nonship products that have been used in more than 20 industries and fields such as aerospace, metallurgy, hydro power, petrochemicals, tobacco, railways, coal, light industries and city construction. The nonship products are also exported worldwide.
The market task of CSIC is to strengthen its market position with core businesses on military products and shipbuilding in which the military products are one priority. It also diverts into other industries while concentrating on technological innovation and cost controlling. The main business scope of CSIC includes: managing the group and its subsidiaries assets; domestic and overseas investing and financing; research and development of military products with more focus on warships; designing, producing and repairing civilian ships, marine equipment for both domestic and overseas markets; various forms of economic and technological cooperation; and overseas turnkey project contracting, labour exporting, construction and installation. CISC is also authorized to carry out other businesses.
Renewable energy / wind business
In 2004, CSOS started the company Haizhuang Wind Power Equipment. In 2008 the first prototype of a 2MW wind turbine (designed by aerodyn Energiesysteme GmbH) was installed.
Haizhuang Wind Power currently produces three types of wind turbines:
- 850 kW wind turbine
- 2.0MW wind turbine
- 5.0MW offshore wind turbine
- China State Shipbuilding Corporation
- China Shipbuilding Corporation (Republic of China)
- CSOC International Branch Limited
- Sinpu Ocean
- CSICL 2012 annual report page 59
- http://www.csic.com.cn/en/Survey.htm (Introduction)