Shanghai-quoted Shanghai Zhenhua Heavy Industries (ZPMC) has posted a RMB 71.6m ($11.3m) profit.
The company reportedly made a loss of about $100m in 2010, compared with a profit of $127.5m in 2009.
It is a wholly-owned subsidiary of government-controlled China Communication Construction Company (CCCC).
ZPMC is the world's largest manufacturer of dockside handling equipment.
It also manufactures offshore cranes, platforms, dredgers and barges.
It
