The Zhitong Finance App learned that China Shipbuilding Defense (00317) rose more than 6% in the intraday period. As of press release, it had risen 4.73% to HK$17.7, with a turnover of HK$22.28 million.

According to news, in the first half of the year, Huangpu Wenchong, a subsidiary of China Shipbuilding Defense Holdings, completed a total of 85 major ship nodes, including 13 ships delivered for marine products, surpassed the schedule target of 2 ships, and completed the “more than half” assessment requirements for sea delivery of the Group's ships ahead of schedule. Among them, 3000 TEU container series products achieved rhythmic production in 60 days, with a total of 3 ships delivered in the first half of the year, an average of 4 months ahead of the contract period; the first 32000DWT heavy gondola was delivered 65 days ahead of schedule during the contract period when the delivery of the hatch was delayed.

According to the China Investment Securities Research Report, the volume and price of shipbuilding have risen sharply during the big cycle, and shipping companies have enjoyed a triple dividend of “capacity, price, and cost”. The shipbuilding industry has gone through many years of supply side clearance after the 2008 financial crisis, and global shipyards have been reduced by more than half since the 2009 peak; on the demand side, ships newly built since the 2000s will accelerate into the aging phase starting in the 2020s, superimposed green power catalysis, and the civil shipbuilding cycle will begin. Shipyard supply is tight and shipbuilding demand is strong. Under the seller's market, orders for new ships are concentrated at the top, and shipping companies are full of orders in hand, enjoying a “capacity dividend.”