CSIC navigates 2013's troubled waters with higher revenues

China Shipbuilding Industry Corp, one of the nation's two major shipbuilding conglomerates and the primary contractor for China's naval force, said it managed stable revenue growth in 2013 as it continued to pursue a larger share in both domestic and global markets of non-marine and offshore engineering products.

The company said its operating revenue jumped by 7.3 percent year-on-year to 187.3 billion yuan ($31 billion).

CSIC attributed the increase to its strategy of diversifying and adjusting its pillar products.