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CSSC鈥檚 goal in the years of 2006-2010

For the next five years period of 2006-2010(the Eleventh Five-year Plan), CSSC is planning to achieve the goal of increasing its annual shipbuilding output from 5 million dwt in 2005 to 9 million dwt in 2010 for the purpose of striding into the top three shipbuilding corporations of the world. Meanwhile, sell revenue will rise significantly in order to become the first shipbuilding corporation of the world.

Gross Revenue: Be sure to get $11.25billion (RMB90billion) sell revenue in 2010, or reach $12.5billion (RMB100billion) to the best.

Operation Structure: Different department will accomplish their own objectives. Shipbuilding and offshore engineering will get $7.88 billion (RMB63billion) for revenue, ship-repair $0.75billion (RMB6billion), others $1.5 billion (RMB12billion), and $1.125billion (RMB 9billion) in marine equipment.

Technology Standard: Techniques of product research and development will be improved substantially in the next five years, attaining the capability for the self-design of high-tech ships and offshore engineering products, with more than 80% ships realized self-design. The corporation will initiate preliminary establishment of the integrated platform of design, production, and management.

Human Resource Management: At the end of the Eleventh Five-year Plan, CSSC will have employees around 60thousand, with 30% of them having minimum college diplomas. Three major teams——managers, engineers and special skills workers——are accounted for 10%, 20% and 45% respectively.

Economic Efficiency: CSSC will ensure to have 8% on net asset yield at minimum, and try to achieve 9% at the same time; employees’ wages will be raised in proportion to the increase in the net asset yield too.


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