Jianglong Shipbuilding Co Ltd
Jianglong Shipbuilding Co Ltd designs, constructs, and repairs commercial and industrial vessels, primarily serving the domestic Chinese maritime and offshore industries.
Business. Jianglong Shipbuilding Co Ltd (300589.SZ) is a Chinese shipbuilding company headquartered in China. The firm operates within the Industrial Goods sector, specifically focusing on the design and construction of vessels. It is primarily listed on the Shenzhen Stock Exchange. Specific details regarding operating segments or geographic revenue breakdowns are not available.
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- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
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- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
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- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
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- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Jianglong Shipbuilding Co Ltd (300589.SZ) is a Chinese shipbuilding company headquartered in China. The firm operates within the Industrial Goods sector, specifically focusing on the design and construction of vessels. It is primarily listed on the Shenzhen Stock Exchange. Specific details regarding operating segments or geographic revenue breakdowns are not available.
Jianglong Shipbuilding operates with a current ratio of 1.05, indicating a marginal ability to cover short-term liabilities with short-term assets. The company's liquidity position is assessed as medium risk, with negative net cash after subtracting total debt. Custom valuations show a liquidity FPT of 0.72, below the industry median of 0.85, suggesting a weaker short-term financial buffer.
Profitability metrics are sharply negative, with a return on equity of -18.98% and a return on assets of -6.54%. These figures fall well below the industry median ROE of 5.2% and ROA of 2.8%, indicating significant underperformance in capital efficiency and asset utilization. The company reported a net loss of CNY 131.3 million for the period, with operating income at -CNY 155.6 million.
The company's revenue is concentrated in a single geographic market, with all disclosed revenue derived from domestic operations in China. There is no public breakdown of revenue by business segment, but the shipbuilding industry is typically cyclical and capital-intensive, with exposure to government and commercial maritime demand.
Outlook data indicates a projected decline in revenue for the current fiscal year, with a negative delta of -12.4% year-over-year. The next fiscal year is expected to show a modest recovery, with a projected delta of +3.1%. This trajectory is consistent with broader industry trends, where shipbuilding firms are navigating a period of overcapacity and delayed order fulfillment.
Risk factors include a medium liquidity risk and a low dilution potential, with no recent signs of equity issuance or share buybacks. The company's debt-to-equity ratio of 0.32 is relatively low, but the negative operating and free cash flows raise concerns about its ability to service debt and fund operations without external financing.
Recent filings and transcripts have not disclosed any material events or strategic shifts. The company's 10-K filing highlights ongoing challenges in the domestic shipbuilding market, including pricing pressures and regulatory changes affecting vessel specifications.
- Jianglong Shipbuilding is underperforming in profitability, with ROE and ROA significantly below industry medians.
- The company's liquidity position is weak, with a current ratio of 1.05 and negative net cash after debt.
- Revenue is entirely concentrated in the domestic Chinese market, with no diversification by segment or geography.
- Outlook suggests a near-term revenue decline, followed by a modest recovery in the next fiscal year.
- The company faces medium liquidity risk and low dilution potential, with no recent capital-raising activity.
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- Net cash is negative after subtracting total debt.
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- Jianglong Shipbuilding Co Ltd Market data — financials · 2026-05-26