The move is part of a $900m shake-up that also saw state parent CSSC inject the Yangzhou Kejin yard into Hong Kong-listed GSI.
GSI revealed that Wenchong has made a net profit in the third quarter of CNY 6.29m ($1m), compared to CNY 5.13m in the six months to 30 June.
It is forecasting full-year earnings of CNY 27.51m - and CNY 28.56m
