(Reporter: Wang Hanzhi) Our company made great achievement about ship repair, shipbuilding and offshore project by all the employees’ endeavor that production value, profit and other economy targets overfulfil the year plan and our company has walked up the healthy, speedy and developmental track.

Our company has accomplished general production value 1,604,390,000 Yuan in whole year with ratio increasing 27% at the same time, the profit is 66,800,000 Yuan with ratio increasing 221% at the same time, export foreign exchange setting is 177,720,000 dollars with ratio increasing 34%, and the number of ship repair and ship conversion is 134, which achieves ship repair production value 1 billion Yuan with ratio increasing 50% at the same time, which overfulfils the year plan and sets up the best level of history. In 2007, our company has competed 5 ship conversion projects in total including 2 Nos. single-skin VLCC, 2 tankers and 1 AT tanker. Especially the single-skin VLCC conversion shows better developing tendency with fast speed, high technology and good quality that keeps the conversion ability in the advanced position and attains favors of the owners at home and abroad.

About shipbuilding, our company increases more production equipments in order to improve the production ability, put the production flow in order and optimize the technology design. No.3 and No.4 30,000 DWT bulk carriers’ delivery, No.2 2600 TEU delivery ahead of time; two big offshore projects No.4 Shengli Work Platform and CPOE No.3 Platform New Building Project delivery on time bring the active effects in the shipping market. The first shipbuilding vessel of lake type launched on Dec 30^{th, 2007 and the time from keel-laying to launching is 48 days that set up the shortest record of the first shipbuilding vessel .}