Mission Statement, Vision, & Core Values (2026) of China Shipbuilding Industry Group Power Co., Ltd.

As a key subsidiary of China State Shipbuilding Corporation (CSSC), China Shipbuilding Industry Group Power Co., Ltd. anchors national maritime strength by combining ship design, manufacturing and maintenance across cargo, tanker and specialized vessels while driving defense and infrastructure priorities under a mission of innovation, quality and environmental sustainability; its strategic vision commits to boost R&D spending by 15% to reach about RMB 2.5 billion in 2024, cut production time by 20% by 2025, pursue a 30% reduction in greenhouse gas emissions by 2030, expand international market share from 20% in 2023 toward a targeted 25% in 2024, and lift customer satisfaction from 80% to 90% through enhanced after‑sales and feedback systems, all grounded in core values of integrity, collaboration, safety, environmental responsibility (including a net‑zero by 2030 commitment) and customer focus that are reshaping operational practices and global competitiveness

China Shipbuilding Industry Group Power Co., Ltd. (600482.SS) - Intro

• Primary activities: design & engineering, hull fabrication, marine propulsion systems, ship repair & retrofits, and maritime equipment manufacturing.
• Markets served: domestic state shipyards, global commercial shipping companies, offshore energy operators, and select naval support programs.
• Strategic positioning: integration with CSSC for scale, technology transfer, and access to national maritime initiatives.

• Revenue: RMB 12.3 billion (2023, consolidated)
• Net profit (attributable): RMB 0.9 billion (2023)
• Total assets: RMB 28.5 billion (end-2023)
• Order backlog: roughly RMB 18.0 billion (book-to-bill strong across offshore and merchant segments)
• Export ratio: ~35% of new-build contracts delivered to international clients in 2023
• R&D investment: RMB 520 million (2023), focused on fuel-efficient hull forms, hybrid/electric propulsion, and modular production

• To deliver safe, efficient and technologically advanced marine platforms and equipment that strengthen China's maritime capabilities and serve global shipping needs.
• To integrate sustainable engineering and lifecycle services across shipbuilding, propulsion and offshore support sectors.

• To be the preferred integrated shipbuilding and marine systems provider in Asia and a leading export-oriented Chinese shipbuilder known for green technologies and high reliability.
• To lead the industry transition toward lower-carbon propulsion, modular shipyards, and digitalized production by the end of the decade.

• Safety & Quality - uncompromising standards across design, production and after-sales service.
• Innovation - continuous investment in R&D for efficient hull design, alternative fuels, and smart ship systems.
• Sustainability - minimizing environmental impact through cleaner propulsion, waste reduction, and responsible sourcing.
• Collaboration - leveraging CSSC group capabilities and global partners to scale solutions and market access.
• Customer Commitment - lifecycle support, warranty performance and tailored solutions for commercial and state clients.

• Digital manufacturing: adoption of digital twins, CNC automation and modular assembly to cut build times and reduce defect rates.
• Green propulsion: development programs for LNG-ready, methanol-capable designs, and hybrid electric propulsion trials; target to cut ship operational fuel consumption intensity by ~18% versus 2019 baseline on new designs through 2025.
• Aftermarket growth: expanding repair, retrofit and spare-parts services to increase recurring revenue share and improve fleet lifecycle economics.
• Export push: targeting Southeast Asian, African and South American commercial fleets via competitive pricing and bundled financing from parent-group channels.

• Governance: aligned with CSSC group oversight, compliance frameworks and centralized risk management.
• ESG reporting: stepped-up disclosure on emissions, workplace safety, and supplier due-diligence; integration of environmental targets into executive performance metrics.
• Occupational safety: maintaining industry-leading lost-time-incident reductions via training and process controls across shipyards.

China Shipbuilding Industry Group Power Co., Ltd. (600482.SS) - Overview

• Contribute to national development through advanced shipbuilding capabilities, supporting both naval modernization and civilian maritime infrastructure.
• Drive technological innovation by prioritizing R&D investments to sustain competitiveness in military and commercial markets.
• Ensure uncompromising quality assurance across all products and systems to meet rigorous customer and regulatory standards.
• Reduce ecological footprint and accelerate adoption of green technologies across design, manufacturing and lifecycle operations.
• Foster a culture of integrity, transparency and accountability across governance, procurement and partner relations.
• Fulfill social responsibility commitments through community engagement and support for national defense objectives.

• National strategic alignment: prioritize projects that enhance maritime security, naval capability and critical maritime infrastructure.
• Dual-use technology development: accelerate platforms and systems that serve both military and civilian sectors for scale and innovation spillovers.
• Quality and certification: adopt and exceed international standards (classification societies, ISO) to strengthen export competitiveness and domestic trust.
• Green transition: implement energy-efficient production, low-emission propulsion solutions and lifecycle recycling programs.
• Ethical governance: strengthen compliance systems, supplier audits and financial transparency to mitigate reputational and operational risks.

• Rigorous testing regimes: factory acceptance tests (FAT), sea trials, and multi-stage verification for critical subsystems.
• Third-party certification and classification partnerships to validate structural, propulsion and systems performance.
• Continuous improvement through post-delivery feedback loops and lifecycle service contracts.

• Focus areas: advanced marine propulsion (including LNG/hybrid and electrification), hull optimization, autonomous systems and naval combat systems integration.
• Investment trend: steady increase in R&D allocation to maintain a technological lead in dual-use platforms and reduce time-to-market for innovations.
• Collaborations: strategic partnerships with national research institutes, universities and supply-chain specialists to accelerate tech transfer and commercialization.

• Emission reduction: adoption of low-emission propulsion options and fuel-efficiency design measures across new builds.
• Green manufacturing: energy-efficient shipyards, waste-reduction programs and recycling protocols for end-of-life vessels.
• Compliance: alignment with domestic environmental regulations and international maritime environmental norms to enable global market access.

• Corporate governance: strengthened board oversight, internal controls and financial disclosure practices to enhance investor confidence.
• Ethics and compliance: supplier code of conduct, anti-corruption training and whistleblower mechanisms to ensure accountability.
• Community engagement: vocational programs, local employment initiatives and support for defense-related social priorities.

China Shipbuilding Industry Group Power Co., Ltd. (600482.SS) - Mission Statement

• Lead technological advancement in maritime engineering through focused R&D and strategic partnerships.
• Reduce production lead times and increase throughput with digitalization and lean manufacturing.
• Expand international market share and strengthen after-sales and lifecycle services.
• Adopt cleaner energy and process efficiency measures to meet aggressive emission targets.
• Enhance customer satisfaction with structured feedback systems and service KPIs.

• Increase R&D funding by 15% in 2024 to approximately RMB 2.5 billion, prioritizing digital ship design, modular construction, propulsion efficiency, and materials innovation.
• Implement factory digitization (IoT, MES, robotics) and lean workflows to compress production timelines by 20% by 2025.
• Roll out energy-efficiency retrofits, electrification of auxiliary systems, and on-site renewables to drive a 30% GHG reduction by 2030.
• Scale international business development, export financing solutions, and localized service hubs to lift global share from 20% to 25% in 2024.
• Deploy an integrated customer feedback and CRM platform plus KPI-driven after-sales teams to raise satisfaction from 80% to 90% in 2024.

• Quarterly R&D spend tracking and ROI analysis tied to patent filings and efficiency gains.
• Monthly lead-time dashboards at ship-class level to measure progress toward the 20% reduction goal.
• Annual GHG inventory with mid-term checkpoints (2026, 2028) to validate trajectory toward 30% reduction by 2030.
• Market share reporting by region and vessel segment to track movement from 20% (2023) to 25% (2024).
• Customer Net Promoter Score (NPS) and satisfaction surveys administered post-delivery and at 6/12 months to validate the 90% target.

China Shipbuilding Industry Group Power Co., Ltd. (600482.SS) - Vision Statement

• R&D intensity: target and recent performance - increased R&D spend annually with research investment representing roughly 3.6% of revenue in the latest fiscal year.
• Technology pipeline: modular electric propulsion, fuel-flexible engines, and hydrogen-ready power modules under development and pilot testing.

• Strategic alliances: multi-year supplier agreements and co-development programs with both domestic and international partners to shorten product development cycles.
• Supply-chain KPIs: lead-time reduction initiatives have targeted double-digit improvements in component delivery times and inventory turns.

• Workplace safety outcomes: lost-time incident frequency rate (LTIFR) declined by over 28% across the most recent three-year period after rolling out enhanced training and digital monitoring.
• Training scale: thousands of employee training days annually focused on process safety, heavy-lift operations and emergency response.

• Net-zero ambition: committed to achieving net-zero carbon emissions by 2030 for direct operations and major manufacturing sites.
• Emissions performance: reported a cumulative reduction in Scope 1 and 2 emissions of approximately 22% over the past three years through energy-efficiency retrofits, electrification of on-site equipment, and fuel switching.

• Customer satisfaction: structured NPS and satisfaction programs with targeted improvements year-on-year; aftermarket service contracts expanded to increase uptime and total lifecycle value.
• Customized offerings: modular system configurations and engineering services for niche fleet requirements, reducing retrofit time and operational disruption.

• Integrity & governance: expanded disclosures and third-party verification of sustainability and safety KPIs to meet investor expectations.
• R&D acceleration: capital allocation to accelerate electric/hybrid marine platforms, digital engine controls and predictive maintenance algorithms.
• Collaborative programs: joint ventures and supplier integration projects to shorten lead times and improve component quality.
• Safety investments: rollout of digital monitoring and behavioral safety programs across manufacturing sites, with continual KPI tracking.
• Decarbonization roadmap: site electrification, on-site renewables and low-carbon fuel trials to meet the 2030 net-zero commitment.
• Customer-first services: expansion of global service centers, remote diagnostics, and tailored lifecycle contracts to increase fleet availability.