Chinese shipbuilding firms’ gross profit down 66 percent in Jan-May

Thursday, 14 June 2018 10:24:58 (GMT+3)   |   Shanghai
       

In the January-May period of the current year, the 80 medium-size and large shipbuilding enterprises in China realized an aggregate gross industrial output value of RMB 131.2.0 billion ($20.5 billion), down 11.9 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 52.0 billion ($8.125 billion) in value, down 12.3 percent year on year.

In the January-May period this year, the shipbuilding enterprises recorded an aggregate operating revenue of RMB 87.0 billion ($13.6 billion), down 21.0 percent, and a total gross profit of RMB 500 million ($78.125 million), decreasing by 66.0 percent, both year on year.


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