Select Language:
Shares of Jianglong Shipbuilding declined despite the company announcing that its subsidiary secured orders for two vessels valued at $27.1 million from clients in Singapore. The stock dropped 2.9%, trading at CNY 13.69 (approximately $2.02) per share as of 2:10 p.m. in Shenzhen today.
The company revealed yesterday that the two ships are scheduled for delivery to Phoenix One and Phoenix Two in the second half of next year. These contracts represent over 26% of the company’s audited operating revenue for the 2025 fiscal year.
The new contracts indicate that Jianglong continues to strengthen its presence in the international offshore equipment market, which is expected to benefit its future financial performance.
Founded in 2003, Jianglong has established itself as a leader in the niche market of high-performance vessels within China. Its main product lines include vessels for public service and law enforcement, tourism and leisure boats, specialized operational ships, new energy vessels, and offshore platforms.
ChatGPT
Perplexity
Gemini AI
Grok AI
