Latest news with #CSSC
South China Morning Post
a day ago
- Business
- South China Morning Post
China's mammoth merger of shipbuilders nears – and so do the industry implications
China's two major shipbuilders appear to be mere days from completing a merger that will form the largest publicly listed shipbuilding company in the world. Advertisement The China Shipbuilding Industry Company announced that Tuesday will be the final trading day for its shares before the company is absorbed by China CSSC Holdings. Analysts have deemed the move a strategic masterstroke in Beijing's broader industrial and military ambitions, particularly as the United States increasingly views China as a rival in multiple sectors. 'This merger marks the largest strategic restructuring in China's shipbuilding history, aimed at optimising resource allocation and enhancing competitiveness in the global market,' said Xu Yi, an analyst at Haitong Futures. She explained that the merger, which covers the three core businesses of military equipment, commercial vessels and marine engineering, will focus on phasing out low-efficiency docks while concentrating on high-end vessels. Advertisement CSSC Holdings, the combined entity, will offer a comprehensive range of business operations, with total assets exceeding 400 billion yuan (US$55.6 billion) and annual revenue surpassing 130 billion yuan, Founder Securities said in a July note after the merger was greenlit by the Shanghai Stock Exchange.
South China Morning Post
22-07-2025
- Business
- South China Morning Post
China converts cargo ship into giant fish farm as food security push gets creative
A Chinese company has converted a giant cargo ship into a mobile fish farm as part of a project that aims to boost the nation's food security by repurposing old vessels for use in aquaculture. Advertisement The ship, named the Zhe Dai Yu Yang 60001, is a hulking bulk carrier measuring 225 metres in length and 32.2 metres in width, which used to have a capacity of 80,000 deadweight tonnes. But it will now be used to produce up to 2,800 tonnes of fish per year after its conversion by a subsidiary of the state-owned shipbuilding giant China State Shipbuilding Corporation (CSSC). 'It is an innovative practice by CSSC to empower marine development with technology and strengthen the 'marine bread basket',' the company said in a press release on Monday. China has launched a variety of creative projects in recent years to boost its aquaculture industry , as its vast population's growing appetite for seafood puts pressure on local fish stocks and government food security strategies. Advertisement It is part of a broader goal to build a 'marine bread basket' to strengthen the nation's food supply, with Beijing prioritising self-sufficiency amid global climate change and rising geopolitical tensions. CSSC has been leading a project to explore the reuse of old vessels for seawater-exchange aquaculture since 2017, with the works to refit the Zhe Dai Yu Yang 60001 reportedly taking around three months to complete.
India.com
15-07-2025
- Science
- India.com
China tests Super H bomb without radiation: This chemical to change future warfare, it is dangerous than nuclear bomb because...
China tests Super H bomb without radiation: This chemical to change future warfare, it is dangerous than nuclear bomb because… Beijing: In April this year, neighbouring China tested a new military technology that has raised eyebrows of several countries around the world. The 705 Research Institute of China's State Shipbuilding Corporation (CSSC) has successfully tested a non-nuclear hydrogen-based explosive, raising new concerns. This destructive weapon doesn't produce radioactive radiation like conventional thermonuclear bombs. However, its destructive power is several times more than TNT or nuclear bombs. What Is Non-Nuclear Hydrogen-Based Explosive? The hydrogen-based explosive is based on the chemical reaction of magnesium hydride (MgH₂). This chemical reaction releases hydrogen gas and creates a terrifying fireball at the target area that burns extremely hot and for a long time, as compared to a nuclear bomb. According to scientists, this chemical reaction can generate a temperature of over 1,000 degrees Celsius. If the explosion lasts for more than two seconds, its effect becomes 15 times more than conventional bombs. Why Does World Know About China's Hydrogen Bomb Test? The hydrogen bomb test was published in a research paper in the Journal of Projectiles, Rockets, Missiles and Guidance. Publishing this report, South China Morning Post stated that this destructive technology can completely change the face of the war. Use of this bomb is raising concerns due to its non-nuclear nature. Unlike atomic bombs, it cannot be classified under the nuclear bomb category. Despite this classification, its destructive power is comparable to a nuclear explosion. How Is Nuclear-Like Bomb Made From Hydrogen? The basic element of this bomb is magnesium hydride (MgH₂). Magnesium hydride releases hydrogen when heated and the compound was being researched to determine its potential in hydrogen storage. Initially, the aim was to create clean energy, but some scientists turned it into a bomb. It can be said that this is a dangerous example of a 'dual-use technology'. Can It Be Compared To Russia's TOS-1A Thermobaric Rocket System? It can be compared to Russia's TOS-1A thermobaric rocket system, but the size of the Chinese weapon is much more compact, which makes it mobile and thermally stable than the Russian bomb. Notably, the hydrogen bomb is not an explosive nuclear weapon, so it doesn't fall under the Nuclear Non-Proliferation Treaty (NPT) or the Comprehensive Nuclear Test Ban Treaty (CTBT). This is why its use is possible without violating international rules. When dropped, the bomb will immediately burn oxygen in the affected area, and the internal organs of the body will become inactive. Its use in a civilian populated area can cause devastation like Hiroshima or Nagasaki or even worse.
Yahoo
12-06-2025
- Business
- Yahoo
Exploring CSSC Hong Kong Shipping And 2 Other Promising Small Caps In Asia
As the global markets experience a mix of economic signals, with small-cap stocks in the U.S. showing resilience and leading gains, Asian markets are navigating through their own unique challenges and opportunities. Amidst these dynamics, investors often seek out smaller companies that demonstrate robust fundamentals and potential for growth, making them compelling candidates for further exploration in the diverse landscape of Asia's market. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Advancetek EnterpriseLtd 43.92% 38.91% 59.75% ★★★★★★ Shandong Sinoglory Health Food 1.80% 2.21% 5.77% ★★★★★★ Xiangyang Changyuandonggu Industry 35.39% 2.07% -13.74% ★★★★★★ Tohoku Steel NA 5.34% -2.26% ★★★★★★ Shenzhen Chengtian Weiye Technology NA 0.96% -23.07% ★★★★★★ Taiyo KagakuLtd 0.69% 5.32% -0.36% ★★★★★☆ Chongqing Machinery & Electric 25.60% 7.97% 18.73% ★★★★★☆ DorightLtd 5.31% 15.47% 9.44% ★★★★★☆ Sinomag Technology 68.80% 16.08% 3.66% ★★★★☆☆ Zhejiang Risun Intelligent TechnologyLtd 27.20% 20.30% -23.01% ★★★★☆☆ Click here to see the full list of 2614 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. Let's explore several standout options from the results in the screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: CSSC (Hong Kong) Shipping Company Limited functions as a shipyard-affiliated leasing company with operations across the People's Republic of China, Asia, the United States, and Europe, and has a market capitalization of approximately HK$12.76 billion. Operations: The company's primary revenue streams include operating lease services at HK$2.24 billion and finance lease services at HK$1.22 billion, supplemented by loan borrowings and shipbroking services. Operating leases contribute significantly to the overall revenue structure. CSSC Shipping, a relatively smaller player in the shipping industry, has shown promising growth with earnings rising 10.7% last year, outpacing the broader Diversified Financial sector's 1.2%. The company's debt to equity ratio improved from 220% to 195.2% over five years, yet it still carries a high net debt to equity ratio of 176.8%. Trading at an attractive value—18.2% below estimated fair value—it also reported net income of HK$2.11 billion for 2024 compared to HK$1.90 billion previously, reflecting strong financial performance and potential for future growth despite its high leverage position. Navigate through the intricacies of CSSC (Hong Kong) Shipping with our comprehensive health report here. Gain insights into CSSC (Hong Kong) Shipping's historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★★★ Overview: Shenzhen JPT Opto-Electronics Co., Ltd. focuses on the R&D, production, sale, and technical services of laser and optical devices with a market cap of CN¥5.53 billion. Operations: JPT Opto-Electronics generates revenue primarily from its Computer Communications and Other Electronic Equipment segment, amounting to CN¥1.54 billion. Shenzhen JPT Opto-Electronics, a dynamic player in the electronics sector, has been making waves with its impressive earnings growth of 37.7% over the past year, outpacing the industry average of 2.7%. The company reported Q1 2025 revenue at CNY 342.86 million, up from CNY 255.73 million a year prior, while net income rose to CNY 36.05 million from CNY 26.29 million. With a price-to-earnings ratio of 38.9x below the industry norm and a robust debt-to-equity reduction from 8.3% to just under one over five years, it presents an intriguing investment case amidst market volatility. Get an in-depth perspective on Shenzhen JPT Opto-Electronics' performance by reading our health report here. Review our historical performance report to gain insights into Shenzhen JPT Opto-Electronics''s past performance. Simply Wall St Value Rating: ★★★★☆☆ Overview: Anhui Huilong Agricultural Means of Production Co., Ltd. operates in the agricultural sector, focusing on the distribution and sale of agricultural materials, with a market cap of CN¥6.24 billion. Operations: Anhui Huilong generates its revenue primarily through the distribution and sale of agricultural materials. The company's net profit margin reflects its efficiency in managing costs relative to its revenue, offering insight into profitability trends. Anhui Huilong, a relatively small player in its sector, has shown a mixed financial picture recently. Earnings surged by 372% over the past year, outpacing the industry's growth. However, this was partly due to a one-off gain of ¥55.7M impacting recent results. The company reported first-quarter sales of ¥3.66 billion compared to last year's ¥3.80 billion and net income at ¥81.86 million versus ¥110.5 million previously, reflecting some challenges in maintaining consistent revenue streams amid declining earnings over five years by 16% annually. Despite these fluctuations, it remains free cash flow positive with interest payments well covered at 14 times EBIT. Dive into the specifics of Anhui Huilong Agricultural Means of ProductionLtd here with our thorough health report. Examine Anhui Huilong Agricultural Means of ProductionLtd's past performance report to understand how it has performed in the past. Delve into our full catalog of 2614 Asian Undiscovered Gems With Strong Fundamentals here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:3877 SHSE:688025 and SZSE:002556. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Economic Times
22-04-2025
- Science
- Economic Times
China's new weapon shocks the world: Is this Hydrogen bomb a game-changer for modern warfare?
A revolutionary weapon Test results and military applications Live Events The role of Magnesium Hydride China's military modernisation and clean energy focus (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Chinese researchers have successfully detonated a new hydrogen-based explosive device, signalling a leap in the country's military capabilities. This breakthrough, described as a non-nuclear hydrogen bomb , was developed by the China State Shipbuilding Corporation (CSSC), with the device tested in a field experiment. Unlike traditional nuclear bombs, it harnesses a magnesium-based solid-state hydrogen storage material that ignites to create a sustained fireball, capable of producing heat 15 times longer than a TNT device, weighing just 2 kilograms, has a unique explosive mechanism. Instead of using nuclear materials, it relies on magnesium hydride, which stores hydrogen at a much higher density than conventional pressurised tanks. When detonated by a standard explosive, the magnesium hydride undergoes rapid thermal decomposition, releasing hydrogen gas mixes with air and ignites, creating a blazing fireball that can burn at temperatures exceeding 1,000°C. This intense heat persists for over two seconds, making the device far more effective in terms of sustained damage than conventional explosives.'Hydrogen gas explosions ignite with minimal ignition energy, have a broad explosion range, and unleash flames that race outward rapidly,' said Wang Xuefeng, a lead researcher at the CSSC. The sustained heat can melt materials like aluminium alloys, offering a strategic advantage in targeting specific military assets or test, conducted under controlled conditions, showed that the device could generate peak overpressure of 428.43 kilopascals at two meters, around 40% of TNT's blast force, but with far more significant heat damage. The bomb's unique feature is its ability to create a self-feeding combustion loop, which means it can continue producing intense heat after initial detonation, devastating large weapon's potential military applications are wide-ranging: from denying the enemy access to strategic routes by incinerating roads to precisely targeting critical infrastructure such as power stations or communication weapon is not only a significant military advancement but also an example of China's growing expertise in energy-based weaponry. The bomb's sustained heat and ability to target specific points, without indiscriminately affecting a broad area, allow the PLA (People's Liberation Army) to carry out precision strikes on high-value recently, magnesium hydride was only produced in small quantities, due to its highly reactive nature. However, China has invested heavily in scaling up its production capabilities. A new facility in Shaanxi province is now able to produce 150 tonnes annually, using a novel "one-pot synthesis" method developed by the Dalian Institute of Chemical Physics. This breakthrough not only makes the production of magnesium hydride safer but also more cost-effective, which is a crucial factor in mass production for military is exploring additional uses for magnesium hydride, including as a power source for submarine fuel cells and long-endurance drones. The material's potential as an energy source is expanding beyond explosives, indicating that China's military strategy includes integrating clean energy solutions into its test comes amid China's broader military modernisation efforts, which are increasingly incorporating clean energy technologies. The country has been upgrading its fleet of warships with electric propulsion systems, including advanced vessels like the Type 055 Renhai-class cruisers. Additionally, China has made significant strides in aerospace with the development of eco-friendly propulsion technologies. In 2023, it launched the world's first methane-powered rocket to reach orbit, a feat that underscores its ambition to lead in sustainable military timing of this development is significant, as tensions rise between China and Taiwan. Beijing has ramped up its military presence around Taiwan, viewing any external support for the island as a direct challenge to its sovereignty. The increased military activity follows rising US arms sales to Taiwan and high-profile visits by American officials. This month, China conducted large-scale drills, including live fire exercises, further heightening tensions in the has made it clear that it sees any intervention in Taiwan's affairs as interference in its internal matters, and has warned the US against providing military aid to Taiwan. Despite these warnings, the US has reaffirmed its commitment to Taiwan, pledging continued support and engaging in joint military exercises with regional allies.
