China Shipbuilding: Handheld orders scheduled until 2029, absorption and merger of China Heavy Industries in progress.

In the field of shipbuilding, China Shipbuilding pointed out that the company's operating income mainly comes from ship and offshore construction revenue, both of which are order-based construction. The company's existing orders are scheduled up to 2029. In addition, the company is undergoing a major asset restructuring through a stock-for-stock absorption merger with China Heavy Industry. After the restructuring is completed, the company's market advantage will be further enhanced, scale advantage will be further utilized, and production capacity advantage will be further unleashed.