Chinese shipbuilding firms’ gross profit down 60 percent in Jan-Apr

Monday, 21 May 2018 10:13:32 (GMT+3)   |   Shanghai
       

In the January-April period of the current year, the 80 medium-size and large shipbuilding enterprises in China realized an aggregate gross industrial output value of RMB 105.0 billion ($16.6 billion), down 8.7 percent year on year, according to the figures released by the China Association of the National Shipbuilding Industry (CANSI).

In the given period, the shipbuilding enterprises in question achieved aggregate exports totaling RMB 41.0 billion ($6.5 billion) in value, down 10.9 percent year on year.

In the January-April period this year, the shipbuilding enterprises recorded an aggregate operating revenue of RMB 69.0 billion ($10.9 billion), down 17.1 percent, and a total gross profit of RMB 240 million ($37.9 million), decreasing by 60.0 percent, both year on year.


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