en.Wedoany.com Reported - Recently, the first shareholders' meeting and the first session of the first board of directors of CSSC Port & Shipping (Guangdong) Shipbuilding Co., Ltd., a joint venture established by China's Guangzhou Shipyard International Company Limited (GSI) and Guangdong New China Shipyard Co., Ltd., were held at the Xiaohu Island Shipbuilding Base in Nansha, Guangzhou. Zou Xiaoyang, Chairman of Guangdong New China Shipyard Co., Ltd., and Sun Baiwan, Deputy Chief Economist of GSI, attended the meeting on behalf of the shareholders. The meeting reviewed and approved the company's articles of association and corporate governance systems such as the "Rules of Procedure for the Board of Directors," and elected the members of the first board of directors, marking the formal establishment of a comprehensive corporate governance structure for this central-local joint venture shipbuilding enterprise, fully initiating its entity operation and large-scale development.
CSSC Port & Shipping (Guangdong) Shipbuilding Co., Ltd. is a key cooperation project for the deep integration of central and local enterprises between GSI and Guangdong Port & Shipping Group. The two parties signed a joint venture cooperation agreement on May 18 this year, and the new company completed its industrial and commercial registration on May 28. The registered capital of the joint venture is 588 million yuan, with total assets contributed of approximately 1.4 billion yuan, of which GSI holds 51% and Guangdong New China Shipyard holds 49%.
The joint venture is located at the Xiaohu Island Shipbuilding Base in Nansha, Guangzhou, covering an area of 360,000 square meters, with 1,097 meters of high-quality coastline and hardware facilities including slipways for vessels of 20,000 tons and above, as well as deep-water outfitting docks. However, due to multiple reasons, this high-quality resource has long failed to fully unleash its production capacity. The project is scheduled to commence construction in the second half of this year, and upon production, the annual output value is expected to exceed 5 billion yuan.
According to the plan, the new company will focus on the research, development, and construction of medium and small-sized high-end special intelligent ships, with products covering medium and small-sized ocean-going transport vessels, as well as special ships such as aluminum alloy passenger ships, yachts, unmanned vessels, and official boats. The cooperation will promote the deep linkage between intelligent ship manufacturing and modern port and shipping services, achieving a deep integration of "manufacturing + services." Business scenarios laid out by Guangdong Port & Shipping Group, including logistics, marine ranching, and offshore commercial launches, will provide the joint venture with stable order sources and demand traction, forming an industrial closed loop of "equipment + operations." At the same time, the joint venture will leverage GSI's technological advantages to drive the Xiaohu Island base from traditional shipbuilding models toward high-end, intelligent, and green development.
According to the plan, GSI will form a "one body, two wings" development pattern in Guangdong, with its headquarters located on Longxue Island and the two wings on Xiaohu Island and Ma'an Island. The headquarters will achieve an output value of over 30 billion yuan, while each of the two bases will achieve an output value of 5 billion yuan. With the Xiaohu Island Shipbuilding Base as the core carrier, the above projects will jointly build a special intelligent ship manufacturing base with distinctive characteristics and strong core competitiveness in South China, helping to strengthen and extend the shipbuilding industry chain in Guangdong, improve quality, and enhance efficiency.
In the next step, Guangdong New China Shipyard and GSI will work closely together, focusing on the green and low-carbon ship track, continuously improving the base's construction capabilities and production quality and efficiency, and striving to make the joint venture a benchmark for central-local state-owned enterprise collaboration in the Guangdong-Hong Kong-Macao Greater Bay Area, injecting new momentum into the construction of a maritime power and the high-quality development of the regional marine equipment industry.
