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to solve the remaining problems of horizontal competition, china shipbuilding and china heavy industry are planning to merge

text｜caijing intern lin wanna and reporter wang jingyi

editor: wang jingyi

on the evening of september 2, china shipbuilding industry corporation limited (600150.sh, hereinafter referred to as "china shipbuilding") and china shipbuilding industry corporation limited (601989.sh, hereinafter referred to as "china heavy industry") announced their merger.

the announcement stated that in order to further focus on the country's major strategies and the main responsibilities and businesses of building a strong military, accelerate the high-quality development of the ship assembly business, standardize competition among peers, and improve the operating quality of listed companies, the two parties are planning to have china shipbuilding absorb and merge china heavy industry by issuing a shares to all shareholders of china heavy industry.

at present, the world's leading shipbuilding companies include china state shipbuilding corporation, hd hyundai, samsung heavy industries, korea marine, yangtze river shipbuilding group, and nippon shipbuilding. it is generally believed in the industry that after the merger of the two giants with a total market value of nearly 300 billion yuan, the technology, production capacity, orders and other resources of the two shipbuilding companies will be further integrated. the total assets of the new company will be close to 400 billion yuan, with annual revenue exceeding 100 billion yuan. the new company will become the world's largest listed shipbuilding company.