Company Study of Guangzhou Shipyard International Co.

The three indicators of global shipbuilding industry broke the record in 2006. Meanwhile, China's shipbuilding completion amounted to 14.52 million DWT, up by 19.8% year-on-year and taking a global share of 19%; the new ship trading volume was up to 42.51 million DWT, a year-on-year rise of 150% and a global share of 30%, enabling China to surpass Japan to be in the second place. At the end of 2006, the new shipbuilding orders held by shipbuilding enterprises in China arrived at 68.72 million DWT, increasing by 73% year-on-year and taking a global share of 24%.

In Jan.-Apr. 2007, the new ship trading volume of China reached 8.5 million CGT, taking a global share of 42% and exceeding South Korea's 6.9 million CGT. By the end of April of 2007, the held orders by China got to 34.2 million CGT, being over Japan's 29.7 million CGT.

In 2006, Guangzhou Shipyard International Co., Ltd received 35 shipbuilding orders, with a total tonnage of 1.5162 DWT, and the contracted capital stood at RMB11.637 billion. As of the end of 2006, the company had held 59 shipbuilding orders with 2.5016 DWT, valuing RMB18.454 billion in the contract. These shipbuilding tasks are to be arranged till 2011. In Jan.-May, 2007, the company signed 7 new shipbuilding contracts; it had received about 9 shipbuilding orders in the first half of 2007.