Jan. 27, 2011 (China Knowledge) - China State Shipbuilding Corp, or CSSC, which is the largest shipbuilder in the country and also the parent company of Shanghai-listed China State Shipbuilding Co Ltd<600150>, plans to realize RMB 110 billion in sales revenue this year, the China Business News reported yesterday.

According to the report, the company aims to reap RMB 7.8 billion in profit this year with economic value add, or EVA rising to 20%.

Last year, CSSC realized RMB 90.2 billion in sales revenue. During the period from 2006 to 2010, the company saw its sales revenue grow 19.5% per year on average, said the report.

Tan Zuojun, general manager of CSSC, noted that the company will focus on innovation this year and keep the rapid growth momentum of the shipbuilding and maintenance businesses.

In the coming five years, CSSC will diversify its business strategies and strengthen shipbuilding and marine engineering strength, said Tan.