Guangzhou Shipyard International
Encyclopedia
Guangzhou Shipyard International Limited or GSI , which was parented
by China State Shipbuilding Corporation
and founded in 1954, is the largest modern integrated shipbuilding
enterprise in Southern China
of the People's Republic of China
. It was reorganized and issued H share
in Hong Kong Stock Exchange
and A share
in Shanghai Stock Exchange
in 1993 respectively. It is also the only shipbuilding stock
listed in Hong Kong.
It is engaged in the construction
and trading
of vessels
; manufacturing
and trading of steel
structure and mechanical
and electrical equipment, container
transportation services and shiprepairing services. It has shipyards in Guangzhou
and Foshan
in Guangdong Province respectively. Its chairman is Mr. Li Zhushi.
Benefited by Chinese central government
's Eleventh Five-Year Plan and international flourishing shipbuilding market, the company has been many-fold net profit
rise since 2006.
Parent company
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company...
by China State Shipbuilding Corporation
China State Shipbuilding Corporation
The China State Shipbuilding Corporation is one of the two largest shipbuilding conglomerates in China, the other being the China Shipbuilding Industry Corporation . CSSC consists of various ship yards, equipment manufacturers, research institutes and shipbuilding related companies in China...
and founded in 1954, is the largest modern integrated shipbuilding
Shipbuilding
Shipbuilding is the construction of ships and floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.Shipbuilding and ship repairs, both...
enterprise in Southern China
Northern and southern China
Northern China and southern China are two approximate regions within China. The exact boundary between these two regions has never been precisely defined...
of the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
. It was reorganized and issued H share
H share
H shares In mainland China, the shares are referred to as H股 H shares, whilst in Hong Kong, they are called 恒生中國企業指數, literally Hang Seng China Enterprises Index. refers to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange...
in Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
and A share
A share
In finance the term A share has two distinct meanings, both relating to securities.* The first is a designation for a 'class' of common or preferred stock. A shares of common or preferred stock typically have enhanced voting rights or other benefits compared to the other forms of shares that may...
in Shanghai Stock Exchange
Shanghai Stock Exchange
The Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
in 1993 respectively. It is also the only shipbuilding stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
listed in Hong Kong.
It is engaged in the construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
and trading
International trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product...
of vessels
Ship
Since the end of the age of sail a ship has been any large buoyant marine vessel. Ships are generally distinguished from boats based on size and cargo or passenger capacity. Ships are used on lakes, seas, and rivers for a variety of activities, such as the transport of people or goods, fishing,...
; manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
and trading of steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
structure and mechanical
Machine
A machine manages power to accomplish a task, examples include, a mechanical system, a computing system, an electronic system, and a molecular machine. In common usage, the meaning is that of a device having parts that perform or assist in performing any type of work...
and electrical equipment, container
Containerization
Containerization is a system of freight transport based on a range of steel intermodal containers...
transportation services and shiprepairing services. It has shipyards in Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
and Foshan
Foshan
Foshan is a city in central Guangdong province in southern China. The prefectural area under the city's jurisdiction over an area of about 3,840 km² and a population of 5.4 million of which 1.1 million reside in the city proper ....
in Guangdong Province respectively. Its chairman is Mr. Li Zhushi.
Benefited by Chinese central government
Central government
A central government also known as a national government, union government and in federal states, the federal government, is the government at the level of the nation-state. The structure of central governments varies from institution to institution...
's Eleventh Five-Year Plan and international flourishing shipbuilding market, the company has been many-fold net profit
Net profit
Net profit or net revenue is a measure of the profitability of a venture after accounting for all costs. In a survey of nearly 200 senior marketing managers, 91 percent responded that they found the "net profit" metric very useful...
rise since 2006.