The Singapore-listed company registered total revenue of CNY 43.8m compared to last year’s CNY 142m. This figure comes mainly from its M&C, management and ship-design division.

Dr Diao Weicheng, AVIC Maritime’s executive chairman, said: “We are happy to see our profit back in the black for this quarter and we believe that this sets a solid foundation for us to build our earnings on for the rest of the year.”

Income