Just chill... ABM is part of 055's designed job...
This is what the official statement says when Nanchang commissioned:
南昌舰是我国自主研制的055型万吨级驱逐舰首舰,先后突破了大型舰艇总体设计、信息集成、总装建造等一系列关键技术,装备有新型防空、反导、反舰、反潜武器,具有较强的信息感知、防空反导和对海打击能力。
(Highlighted part: It's equipped with Anti-Air, ABM, Anti-Ship and Anti-submarine weapons)
ABM on a ship doesn't mean it has to defend AShBM that targets it or the fleet, it's can basically become a moving ABM base. When you talked about SM-3, you should know it came out way before AShBM was a thing right? The ability to intercept ballistic missiles is on the highest scale of national security, and you need any help you can get. Land-based, sea-based, and in the future, air-based ABM units will together form a complete ABM system for the entire country.
China, Russia and North Korea have had ballistic missiles capable of attacking land targets for decades.
They are the primary reasons the SM-3 was developed.
Yes, I agree a moving ABM base is nice to have for the Chinese military.
But a land based ABM system is far cheaper than a ship-based one.
There's a reason why Japan is building AEGIS ashore systems, rather than relying on the AEGIS aboard destroyers.
But I would disagree ship-based ABM capability is the highest priority, because China doesn't face any AShBMs and it's better for land-based ABM to deal with the incoming ballistic missiles.
First of all, the US don't have AShBM right now doesn't mean they won't have it in the future. If you start developing it after the opponent already have it then good luck before you get it done...
And "there is no way a Chinese Navy ship will be in the correct location to intercept an ICBM", sounds like you assume the ship have to be right under the flightpath to intercept it?
You would need a THAAD/S-500 level system to intercept an ICBM in the terminal phase, which is what China would face in a nuclear exchange.
SM-3s aren't good enough.
And if you're in the position of exchanging ICBMs, a few expensive THAADs will cost far more than large numbers of cheaper incoming ICBMs.
HQ-19 can easily fit in the 850mm UVLS size wise, developing a ship based version won't be that hard (there's rumors that it's already equipped on 055, but again, rumors). There's also the HQ-26, but we don't know much about it besides the name. China gave very little information to the public and it's obiviously the right thing to do when they will be defending the biggest threat a country will ever face.
As I say, ship-based ABM is a nice to have.
But it's not the highest priority, nor is it an obvious shortfall currently.