CFO interview: Tackling the business cycle

Sean Wang, CFO of China Rongsheng Heavy Industries, explains how he deals with the cyclical nature of the shipbuilding business.
Sean Wang, China Rongsheng
Sean Wang, China Rongsheng

All industries have their ups and downs, but it is how a business fares during the rockier times that sort the successes from the failures. At the mercy of global trade, shipbuilding industry chief financial officers and treasurers are as much global economists as micro-managers of their own business.

“The shipbuilding business is cyclical because it is affected by international trade and shipping demand,” said Sean Wang, CFO of China Rongsheng Heavy Industries Group, one of mainland China’s largest shipbuilders. His firm has been more successful than most, emerging as the largest non state-owned shipbuilding company in terms of total order book, measured by deadweight tonnage DWT, in mainland...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222