The Success In Business of The Company During The First Quarter

（2007-04-07）

　　During the first quarter, the company witnesses a peak after a peak in shiprepair, newbuilding, and steel construction. The company has accomplished 25.47% of the production value plan of year 2007, with 22.93% increasing as against last year；The production value of shiprepair achieved 29.38% of the yearly plan, with 63.22% increasing as against last year. Total 31 vessels delivered including 3 vessels of conversion. And also, two more 53000DWT newbuilding contracts has been signed. The newbuilding division realized the target of "4 vessels under construction, 2 vessels assembling on the slipway, 2 vessels launching, and one delivery". The production value of newbuilding increased 5.24% as against last year. Steel construction has scored up good result as well.

The consummation of production value plan of first quarter erected a very good basis for the completion of first half year, even full year production value plan.