en.Wedoany.com Reported - CSBC Corporation, Taiwan, the largest shipbuilder in Taiwan, announced its financial results for the first quarter of 2026, reporting a net profit of NT$91 million (approximately RMB 20 million), returning to profitability compared to the same period last year.

CSBC noted that driven by the steady progress of naval and commercial ship construction projects, the company achieved revenue of NT$4.732 billion (approximately RMB 1.02 billion) in the first quarter, a 21% increase from NT$3.91 billion in the same period last year. In terms of profitability, boosted by foreign exchange gains, the company achieved a net profit after tax of NT$91 million.

Looking ahead, CSBC stated that its commercial ship business has entered a phase of concentrated deliveries starting this year, with bulk carriers for Chinese Maritime Transport (CMT) to be delivered successively, and the container ship project for Wan Hai Lines having commenced construction in the second quarter. Furthermore, the construction of Taiwan authorities' "Hai Kun" submarine and two subsequent vessels has already begun, with revenue to be recognized progressively based on project progress, providing stable support for the company's medium- to long-term operations.

Market institutions estimate that by the end of 2025, CSBC's total order backlog will be approximately NT$195 billion (approximately RMB 42.027 billion). After recognizing revenue based on project progress, there will still be an order backlog of approximately NT$130 billion awaiting execution. If calculated based on the NT$130 billion order backlog to be executed before 2030, it could contribute an average annual revenue of approximately NT$28 billion over the next 4.5 years, and this figure does not yet include ship repair and naval vessel maintenance businesses, indicating significant potential for future revenue growth.

Meanwhile, CSBC announced that its April revenue reached NT$1.937 billion (approximately RMB 417 million), a year-on-year increase of 132.2%; cumulative revenue for the first four months of this year reached NT$6.689 billion (approximately RMB 1.442 billion), a year-on-year increase of 41%.

It is understood that CSBC is one of the flagship enterprises in Taiwan's shipbuilding industry. Founded in 1973, it is the largest shipyard in the Taiwan region and the only large-scale shipyard there, with the Ministry of Economic Affairs of the Taiwan authorities as its major shareholder. Currently, CSBC operates shipyards in Kaohsiung and Keelung, with the Kaohsiung yard possessing a million-ton class dry dock.

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