Due to the current uncertainty in the offshore wind energy market in the United States, Haiting will seek business opportunities in other regions such as Europe and Asia. Among these 26 projects, the total orders for renewable energy and green solut...
Due to the current uncertainty in the offshore wind energy market in the United States, Haiting will seek business opportunities in other regions such as Europe and Asia.
Among these 26 projects, the total orders for renewable energy and green solutions projects reached 7.1 billion yuan.
The company's projects delivered in the first quarter include One Guyana, a floating production oil storage tanker (FPSO) shipped to the South American country of Guyana. The company also conducts freeboard production and fusion engineering for two other floating production and storage tankers.
Seatrium performed well in the first quarter of fiscal year 2025, with the company receiving a total of 21.3 billion yuan.
The company's stock price rose 0.49% on Wednesday to close at 2.06 yuan.
The company released its first quarter business report for the fiscal year 2025 ended at the end of March before the market opened on Thursday (May 29).
The company's maintenance and upgrade business also performed well. The company has completed 45 maintenance and upgrade projects, including six cruise ships, naval ships and liquid natural gas transporters.
The report shows that the company's orders remain strong, with a net order volume of 26 items, with a total amount of 21.3 billion yuan. Some of these projects will have delivery dates as far as 2031.In terms of renewable energy projects, Haiting recently completed a steel cutting work. Work for the company's two other offshore wind power plants is still underway, one of which is expected to be completed in June this year.
The company said the market is increasingly concerned about energy security and strong energy demand, so orders for oil and gas projects are expected to remain stable.
