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Last year, the completed shipbuilding volume in mainland China increased by 13.8% year-on-year, and the new Order volume increased by 58.8%.
According to data released by the Ministry of Industry and Information Technology, the total completed shipbuilding volume in the country for the whole of 2024 is 48.18 million deadweight tons, showing a year-on-year increase of 13.8%; the new order volume is 0.113 billion deadweight tons, a year-on-year increase of 58.8%. As of the end of December 2024, the order backlog is 0.209 billion deadweight tons, marking a year-on-year increase of 49.7%. For the entire year of 2024, the completed shipbuilding volume, new order volume, and order backlog in mainland China accounted for 55.7%, 74.1%, and 63.1% of the global total by deadweight tons, and for 50.3%, 68.2%, and 55.4% by gross tonnage.
Hong Kong market quick overview | Three major indexes closed lower, the Hang Seng Index fell below 0.02 million points; chip stocks and financial stocks declined, Semiconductor Manufacturing International Corporation fell nearly 9%; Golden Industrial Conc
Network Technology stocks fell, SenseTime-W dropped by 5.37%, JD-SW fell by 2.57%; Securities and Brokerage stocks weakened, Guolian declined by 8.89%, China Merchants fell by 7.25%; many Digital Health stocks went down, JD HEALTH dropped by 6.05%, Dingdang Health fell by 5.00%.
Cssc Offshore & Marine Engineering (00317.HK): The controlling shareholder's subsidiary has completed the Shareholding of the company's Listed in Hong Kong.
On December 31, Gelonghui reported that Cssc Offshore & Marine Engineering (00317.HK) announced that CSSC International Holding Company Limited intends to reduce its Shareholding in the company's Listed in Hong Kong stocks by no more than 34.59 million shares through the secondary public market, with the reduction period ending in December 2024. The company has been informed by CSSC International that as of the date of this announcement, CSSC International has cumulatively reduced its shareholding in the company by 23.15 million shares of Listed in Hong Kong stocks through the secondary public market, and the timeframe for this reduction plan has expired; this reduction plan is now completed.
GF SEC: The stock performance of marine engines lags behind that of Ships. In the long term, there is a greater potential market space and elasticity.
The moderate recovery of capacity in downstream private Shipyards is expected to drive the continuous expansion of engine demand. Unlike Ships, the technology iteration driven by the Eco-friendly Concept accelerates the transformation of engine technology, resulting in a greater increase in value.
Hong Kong stocks closed (12.17) | The Hang Seng Index fell by 0.48% while some specific estimates rose against the trend, ZTE (00763) once surged over 9%.
In the morning, the Hong Kong stock market continued its downward trend, but in the afternoon, the indices quickly rebounded, with all three major indices briefly turning positive, and the Hang Seng Technology Index even rising over 1%, but then soon fell back into negative territory.
Hong Kong stocks movement | Cssc Offshore & Marine Engineering (00317) rose nearly 8% in the morning, the Ship Industry remains highly prosperous, and the integration of Cssc assets is expected to accelerate.
Cssc Offshore & Marine Engineering (00317) rose nearly 8% in the morning session, and as of the time of reporting, it has increased by 6.48% to 11.18 Hong Kong dollars, with a transaction volume of 25.8401 million Hong Kong dollars.