Chinese shipbuilding firms’ output value declines in January-February

Monday, 20 March 2017 10:11:43 (GMT+3)   |   Shanghai
       

In the January-February period of the current year, the 80 medium-size and large shipbuilding enterprises in China realized an aggregate gross industrial output value of RMB 49.05 billion ($7.11 billion), down 11.2 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 19.78 billion ($2.87 billion) in value, down 15.1 percent year on year.

In the January-February period, the shipbuilding enterprises recorded an aggregate operating revenue of RMB 30.07 billion ($4.36 billion), down 21.2 percent, and a total gross profit of RMB 120 million ($17.39 million), decreasing by 30 percent, both year on year.

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