Zhoushan Changhong International Industrial Park is invested by Jiangsu Xin Changjiang Group in 2011,which is located in Dinghai Industrial Park, Zhoushan Island with great advantage of geographical location. The total investment of the Industrial Park is about 6.7 billions RMB, covering an area of 4300 acres with coastline of 4500 meters. The project of the Park has been divided into two phases. The first stage contains Ship building, ship repairing and ocean engineering. The second stage contains ship recycling, secondhand ship trading and metal resource recycling.

There are 300,000 and 80,000 tons each of dry dock, 30,000 LT floating dock, two 150,000-ton berth with outfitting quay of nearly 2000 meters, a 900 tons gantry crane and two 500 tons gantry crane. Annual processing capacity of steel can be reached to 300,000 ton and the shipbuilding to 2.52 million DWT, with construction conditions and capabilities of various types of medium-sized or bigger-sized ship building and pair at home and abroad.

Changhong shipyard has expanded its capacity by owning a total of 7 graving docks and 1 floating dock and 40 ships can be accommodated at the same time in the below three repair bases from 2022 :
Base 1: Zhoushan Changhong International Shipyard Co.,Ltd.
Base 2: Zhoushan Putuo Changhong Shipyard CO.,LTD.
Base 3: Zhoushan CIMC Changhong Shipyard CO.,LTD.