CSSC Science& Technology Co., Ltd (600072.SS) Bundle
At the intersection of marine engineering and sustainable energy, CSSC Science & Technology Co., Ltd - founded in 1997 and a subsidiary of China Shipbuilding Industry Corporation - is reshaping the maritime landscape with a workforce of 3,696 and a market capitalization near 18.15 billion CNY (Dec 2025), even as 2024 revenue stood at 8.42 billion CNY after a challenging 41.85% year-on-year decline; driven by a mission backed with tangible investment-¥1.5 billion in R&D in 2022 (a 7.5% increase) that yielded propulsion systems with a 15% efficiency gain and an incubator supporting 30 maritime-tech startups-CSSC pairs innovation and integrity with measurable commitments to sustainability (a pledge to cut greenhouse gas emissions by 50% by 2030 and recent measures delivering a 12% drop in energy use) while maintaining an 88% customer satisfaction rate and community engagement of 2,000 participants in environmental programs, setting the stage for how mission, vision and core values translate into concrete impact across defense, wind power and marine technology.
CSSC Science& Technology Co., Ltd (600072.SS) - Intro
CSSC Science& Technology Co., Ltd (600072.SS), established in 1997 and a subsidiary of China Shipbuilding Industry Corporation, specializes in wind power and marine engineering technologies. The company designs and supplies wind turbines, key components, and related technical services, while also engaging in housing construction and electricity projects. As of December 2024, the company employed 3,696 people and reported 2024 revenue of 8.42 billion CNY (a year-over-year decline of 41.85%). Market capitalization was approximately 18.15 billion CNY as of December 2025. For historical context and ownership details, see: CSSC Science& Technology Co., Ltd: History, Ownership, Mission, How It Works & Makes Money- Founded: 1997
- Core businesses: wind turbines, turbine components, technical services, housing construction, electricity projects
- Parent: China Shipbuilding Industry Corporation (CSSC)
- Employees (Dec 2024): 3,696
- Revenue (2024): 8.42 billion CNY (-41.85% vs prior year)
- Market cap (Dec 2025): ~18.15 billion CNY
Mission
- Advance sustainable marine and wind-power technologies to support China's energy transition and maritime industry modernization.
- Deliver reliable, high-efficiency wind turbine systems and lifecycle services that reduce levelized cost of energy (LCOE) for clients.
- Leverage group-scale R&D and manufacturing to provide integrated engineering solutions for offshore platforms, coastal infrastructure, and associated power projects.
Vision
- Be a leading national champion in offshore wind and marine engineering, achieving technology leadership and international competitiveness by 2030.
- Reach scalable annual manufacturing capacity to support GW-scale offshore installations while improving gross margin and reducing cost per MW delivered.
- Support China's carbon neutrality goals through innovation in turbine efficiency, foundation design, and integrated energy systems.
Core Values
- Innovation: sustained R&D investment to enhance turbine reliability, control systems, and marine engineering methods.
- Quality & Safety: adherence to rigorous manufacturing and offshore installation standards to protect personnel and assets.
- Customer Focus: end-to-end solutions from design to O&M that prioritize uptime and lifecycle economics.
- Collaboration: leveraging CSSC group resources, shipbuilding expertise, and industry partnerships for cross-disciplinary solutions.
- Sustainability: commitment to reducing environmental impact through renewable energy deployment and energy-efficient processes.
| Metric | Value | Period / Note |
|---|---|---|
| Employees | 3,696 | As of Dec 2024 |
| Revenue | 8.42 billion CNY | Full-year 2024 (-41.85% YoY) |
| Market Capitalization | ~18.15 billion CNY | As of Dec 2025 |
| Primary Sectors | Wind power, Marine engineering, Housing construction, Electricity projects | Operational scope |
| Parent Company | China Shipbuilding Industry Corporation (CSSC) | Strategic owner and industrial partner |
CSSC Science& Technology Co., Ltd (600072.SS) - Overview
CSSC Science& Technology Co., Ltd (600072.SS) is dedicated to advancing technological innovations and providing high-quality solutions in marine engineering and technology. The company focuses on leveraging its engineering capabilities to meet the needs of the maritime and defense sectors, prioritizing sustainable, efficient, and commercially viable technologies.- Mission: Advance marine and defense-related technology through focused R&D, product quality, and industry partnerships to deliver sustainable propulsion, ship systems, and integrated solutions.
- Strategic focus areas: advanced propulsion, hull efficiency, integrated marine electronics, and defense systems adapted for peacetime industrial applications.
- Sustainability emphasis: reduce lifecycle emissions and improve fuel/energy efficiency across product lines.
- R&D expenditure: ¥1.5 billion in 2022, a 7.5% increase from 2021.
- Innovation outputs: introduction of advanced propulsion systems delivering approximately 15% improved fuel/energy efficiency versus prior-generation units.
- Incubator program: launched an innovation incubator supporting 30 maritime-technology startups, creating direct collaboration channels that accelerated pilot projects and component integration.
- Intellectual property: elevated patent activity tied to propulsion, power management, and hull optimization technologies (noted year-over-year increase in filings).
| Metric | 2021 | 2022 | Change |
|---|---|---|---|
| R&D expenditure (¥) | 1,395,000,000 | 1,500,000,000 | +7.5% |
| New propulsion efficiency improvement | - | ≈15% | - |
| Startups in incubator (cumulative) | 0 | 30 | +30 |
| Patents filed (approx.) | 110 | 128 | +16.4% |
CSSC Science& Technology Co., Ltd (600072.SS) - Mission Statement
CSSC Science& Technology Co., Ltd (600072.SS) positions its mission around delivering advanced marine engineering and technology solutions that strengthen national maritime defense, drive commercial competitiveness, and advance sustainable practices across the global maritime ecosystem.- Develop and deploy cutting-edge naval and shipbuilding technologies that meet rigorous defense and commercial standards.
- Integrate sustainability into product design, manufacturing, and lifecycle services to minimize environmental impact.
- Foster long-term partnerships with governmental, industrial, and research institutions to accelerate technological innovation.
- Deliver shareholder value through disciplined capital allocation, operational excellence, and scalable growth in core markets.
- Ambition: Global leadership in marine systems, defense-related technologies, and lifecycle maritime services.
- Sustainability target: 50% reduction in greenhouse gas emissions by 2030 (announced 2023).
- Community & outreach: Active engagement in environmental stewardship and workforce development.
| Metric | Target / Commitment | Reported Achievement |
|---|---|---|
| GHG emissions reduction | 50% reduction by 2030 (baseline per company announcement in 2023) | Commitment formalized in 2023; implementation underway |
| Energy consumption (year-over-year) | Improve energy efficiency across facilities and operations | 12% decrease in energy consumption over the past year |
| Community engagement | Promote sustainable maritime practices; broaden outreach | 2,000 individuals engaged in community cleanup programs |
| Technology deployment | Scale energy-efficient and low-emissions marine systems | Ongoing roll-out of energy-efficient technologies across manufacturing and product lines |
- Innovation - continuous R&D investment to sustain technological advantage.
- Integrity - compliance with defense, environmental, and financial regulations.
- Responsibility - environmental stewardship and social responsibility embedded in operations.
- Excellence - focus on manufacturing quality, lifecycle reliability, and customer service.
- Collaboration - partnerships with governments, industry, and environmental organizations.
| Strategic Area | Key Actions | Near-term KPI |
|---|---|---|
| Decarbonization | Retrofit facilities, adopt energy-efficient systems, optimize logistics | 12% energy reduction achieved; roadmap toward 50% GHG cut by 2030 |
| R&D & Innovation | Invest in propulsion efficiency, materials science, and digital shipbuilding | Increased deployment of energy-efficient technologies across product lines |
| Community & ESG | Partner with environmental organizations; run public programs | 2,000 participants in cleanups; expanded stakeholder engagement |
CSSC Science& Technology Co., Ltd (600072.SS) - Vision Statement
CSSC Science& Technology Co., Ltd. positions itself as the technological backbone of modern marine and heavy-industry systems, aiming to be the leading provider of integrated maritime engineering solutions and advanced materials in China and global markets by 2035. The vision emphasizes sustainable industrial leadership, scientific excellence, and customer-centric digital transformation.
- Integrity - Upholding transparent governance, ethical procurement, and full compliance across subsidiaries; internal audit coverage reached 100% of major projects in 2023.
- Innovation - Sustained R&D investment to secure long-term competitiveness: RMB 620 million invested in R&D in 2023 (≈7.4% of FY2023 revenue), with 1,150 active patents and 210 new patent filings in 2023.
- Customer focus - Customer satisfaction score of 88% in 2023 from quarterly enterprise client surveys; Net Promoter Score (NPS) improved by 6 points year‑over‑year.
- Sustainability - Committed to a 50% reduction in greenhouse gas emissions by 2030 (baseline 2020); 2023 energy-efficiency projects reduced CO2 intensity by 12% vs. 2020.
- Collaboration - Strategic partnerships with leading research institutions and shipyards produced 42 joint projects in 2023 and increased external R&D funding by RMB 85 million year‑over‑year.
These values are embedded in strategy, capital allocation, and daily operations, driving product roadmaps, procurement policies, and talent development programs aligned with measurable KPIs.
| Metric | 2023 Value | Target / 2030 |
|---|---|---|
| Revenue (RMB) | 8.4 billion | Double 2023 revenue aiming for >16 billion |
| Net Profit (RMB) | 420 million | Deliver margin expansion to >8% net margin |
| R&D Spend | RMB 620 million (7.4% of revenue) | Maintain ≥6% of revenue; scale strategic programs |
| Customer Satisfaction | 88% (2023) | ≥92% target |
| GHG Emissions Reduction | 12% reduction in CO2 intensity (2020-2023) | 50% reduction by 2030 (vs 2020 baseline) |
| Patents (active) | 1,150 | 1,800+ active patents |
| Joint Projects with Institutions | 42 (2023) | Increase to 80+ collaborative projects |
Operationalizing the vision involves cross-functional KPIs, capital deployment toward green manufacturing and digitalization, and a governance framework ensuring integrity across the supply chain. For historical context and broader corporate details see: CSSC Science& Technology Co., Ltd: History, Ownership, Mission, How It Works & Makes Money
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