The company is a limited liability company approved by the State Council's State-owned Assets Supervision and Administration Commission and established by China Shipbuilding Industry Corporation, Anshan Iron and Steel Group Corporation, and China Aerospace Science and Technology Corporation as initiators. It was registered with the State Administration for Industry and Commerce on March 18, 2008. On December 16, 2009, the company was listed on the Shanghai Stock Exchange. The main business covers five major sectors: marine defense and marine development equipment, marine transportation equipment, deep-sea equipment and ship repair and modification, ship support and mechanical and electrical equipment, strategic emerging industries, etc. The company's main products include marine defense equipment, marine transportation equipment, marine research equipment, and marine development equipment. Corporate honors: In 2018, the company was selected on Forbes' 8th list of the world's most innovative enterprises, becoming the only shipbuilding company in the world; the company's market-based debt-for-equity swaps won the first prize of the 2018 Defense Technology Industry Enterprise Management Innovation Achievement Award; Wuchang Shipbuilding won the honorary title of “Top 100 High-tech Enterprises” in Hubei Province; the participating “Multi-functional Heavy Dredger Development and Application” won the first prize of the China Maritime Society Science and Technology Progress Award. The Civilian Shipping Center and Lowe's Register (LR) launched carbon capture milli0.21 millimeter carbon capture at the Poseidon International Maritime Exhibition ton The bulk carrier also obtained an AIP certification from LR, and Dalian Shipbuilding successfully obtained CCS China Classification Society certification for its 4 meter diameter stainless steel propeller products, etc.