The Dawanqu Yihao, China's first gas-electric hybrid-powered luxury catamaran, is delivered in Haimen district, Nantong, Aug 14. [Photo/ntfabu.com]

Taxable sales revenue of the Haimen base of China Merchants Industry Holdings surpassed 5 billion yuan ($724.5 million) in the first three quarters of 2020, fulfilling its annual goal for the year in advance, local media reported.

"Since early this year, we have worked to mitigate the impact of the COVID-19 outbreak and grasped the opportunity to expand the overseas market as the overseas production capacity of offshore platforms declined," said Hu Lusheng, assistant general manager of the Haimen base.

A semi-submersible lifting and living platform successfully finished its trial sail in early October, while another platform will soon be completed.

Over the past few years, the base has successfully transformed from single products to high-end marine engineering equipment and cruise ships.

Its national-level technological research and development center has gathered domestic and foreign talents who are committed to developing new technology and products.

Several vessels produced at the base were the first of their kind in China, including a gas-electric hybrid-powered luxury catamaran and the first Chinese-built cruise ship designed for polar trips.