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Performance indicators
2024: 2.5-fold loss growth to ₽3,47 billion
In February 2025, it became known that the Krasnoye Sormovo plant, one of the largest shipbuilding enterprises in Russia, completed 2024 with a loss of ₽3,47 billion, which is 2.5 times higher than in 2023. Despite revenue growth of up to $ ₽13,9 billion, financial results were negative, according to the company's report.
The plant's accounts payable on long-term liabilities for the year increased by ₽3,4 billion to ₽36,15 billion as of December 31, 2024. Short-term liabilities increased from ₽10 billion to ₽14,5 billion.
In December 2024, the company received a subsidy of ₽301 million from the Ministry of Industry and Trade of Russia. The funds were used to compensate for the costs associated with the construction of fishing vessels, indicated in orders No. 0700 and No. 07002.
PJSC Krasnoye Sormovo Plant is one of the oldest shipbuilding plants in Russia, founded in 1849. Over 175 years of operation, the company has built about 2,000 ships of the civilian fleet and more than 300 submarines, including 25 nuclear submarines. In recent years, the plant has focused on the production of tankers (RST22, RST27, RST27M), dry cargo ships (00101, RSD17, RSD59) and dredging vessels (TSHD1000).
In 2024, Krasnoye Sormovo continued to produce cruise ships of the 00840 Karelia project, designed for 180 passengers, as well as crab ships of the KSP01 project, designed to process up to 60 tons of crab per day.
Despite the growth of financial obligations, the company continues to implement government orders and expands production facilities. In 2024, the plant upgraded its facilities to mass-produce new vessels and increase production. According to forecasts, the development of infrastructure and state defense orders will help stabilize the financial situation of the plant in the coming years.[1]
History
2024: Appointment of Stanislav Kruglyashov as CEO
In mid-July 2024, Stanislav Kruglyashov was appointed General Director of Krasnoye Sormov instead of Mikhail Pershin, who led the enterprise for more than five and left his post ahead of schedule in April 2024. The United Shipbuilding Corporation (USC), which owns the enterprise, decided to replace it following an audit. Read more here.
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