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On the evening of July 1, China Shipping Industry Group Co., Ltd. ("China Shipbuilding Group") and China Shipbuilding Industry Corporation ("CSIC") jointly announced that eight listed companies have successively announced that they have received controlling shareholders. Or the actual controller informed that the two major groups are planning a strategic restructuring, the relevant programs have not yet been determined, and the program needs to be approved by the relevant authorities.

The eight listed companies are CSSC (600072.SH), CSSC (600685.SH), China Ships (600150.SH), China Shipbuilding Heavy Industry Holdings or China National Heavy Industries (601989). .SH), China Power (600482.SH), China Haiphong (600764.SH), Jiuyang (300516.SZ) and China Emergency (300527.SZ).

On this day, the two groups were established for the full 20th anniversary.

CSSC was established on July 1, 1999. It is a large state-owned enterprise directly under the central government of the former China National Shipbuilding Corporation. It is a state-authorized investment institution and is directly managed by the central government. CSSC can design and build modern ships that meet the requirements of any classification society in the world, meet international general technical standards and safety conventions, and be airworthy in any sea area, as well as large-scale marine engineering equipment products with international advanced level. Has been exported to more than 150 countries and regions.

Ranked 364th among the world's top 500. As of the end of 2017, CSSC has more than 40 secondary units and 3 listed companies. In 2017, CSSC achieved a revenue of RMB 2014 million. The net profit attributable to owners of the parent company was RMB 2.506 billion, and the total assets of the year were RMB 290.9 billion.

CSIC Heavy Industry was also established on July 1, 1999. It is responsible for the research, design, production, testing and support of naval weapons and equipment, such as aircraft carriers, nuclear submarines, conventional submarines, surface ships and underwater weapons. The human submersible successfully dive 7062 meters, refreshing the depth record of the world's similar manned submersibles.

By 2018, it has been ranked among the world's top 500 companies for 7 consecutive years, ranking 245th, ranking first among global shipping companies.

There are 5 listed platform companies, 18 overseas institutions and 95 second-level members, including 66 second-level enterprises and 29 scientific research institutes with total assets of 50 million yuan and 170,000 employees. In 2017, the main income was 300.3 billion yuan, and the net profit attributable to the owner of the parent company was 4.841 billion yuan.

In the industry, CSIC is known as the “North Ship” and CSSC is known as the “South Ship”. Nanchuan and Beichuan were originally one and belonged to the former China National Shipbuilding Corporation.

Twenty years ago, China National Shipbuilding Corporation was split into South Ship and North Ship, with the aim of focusing on their respective areas of expertise and benign competition. 20 years later, the strategic reorganization was announced again.