Company profile

Future of China State Shipbuilding

#
Rank
775
| Quantumrun Global 1000

The China State Shipbuilding Corporation (abbreviated as CSSC) is one of the 2 biggest shipbuilding conglomerates in China, ranked next to the China Shipbuilding Industry Corporation (CSIC). It is headquartered in Beijing and manages shipbuilding activities in the south and the east of China.

Home Country:
Sector:
Industry:
Industrial Machinery
Founded:
1999
Global employee count:
68025
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$23349604897 CNY
3y average revenue:
$23489614896 CNY
Operating expenses:
$21713708013 CNY
3y average expenses:
$22514955461 CNY
Funds in reserve:
$6545550685 CNY
Market country
Revenue from country
0.97

Asset Performance

  1. Product/Service/Dept. name
    Shipbuilding and maintenance
    Product/Service revenue
    1006000
  2. Product/Service/Dept. name
    Ship maintenance
    Product/Service revenue
    65630000
  3. Product/Service/Dept. name
    Steel structure engineering
    Product/Service revenue
    368900000

Innovation assets and Pipeline

Investment into R&D:
$656726952 CNY
Total patents held:
4
Number of patents field last year:
1

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the industrials sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, advances in nanotech and material sciences will result in a range of materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will enable significantly novel design and engineering possibilities that will impact the manufacture of a vast swath of current and future products.

*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs.

*3D printing (additive manufacturing) will increasingly work in tandem with future automated manufacturing plants drive down the costs of production even further by the early 2030s.

*As augmented reality headsets become popularized by the late 2020s, consumers will begin replacing select types of physical goods with cheap-to-free digital goods, thereby reducing general consumption levels and revenue, per consumer.

*Among millennials and Gen Zs, the growing cultural trend towards less consumerism, towards investing money into experiences over physical goods, will also lead to a minor reduction in general consumption levels and revenue, per consumer. However, a growing global population and the increasingly wealthy African and Asian nations will make up for this revenue shortfall.

COMPANY’S FUTURE PROSPECTS

Company Headlines