Longde Shipbuilding Secures Billion-Dollar Orders

Reported 12 months ago

Longde Shipbuilding's stock price surged significantly after breaking through resistance levels, with an increase of 33.6% in a week. The company has orders totaling over a billion yuan for various types of ships, including the completion of the Tuojiang-class patrol vessel for the Navy by 2026. Plans include actively seeking overseas government ship contracts and developing new business opportunities in hydrogen-powered ships, electric ships, unmanned ships, etc. The opening of a new shipyard next year is expected to boost production capacity for large vessels, leading to anticipated growth in operational performance.

Source: YAHOO

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