Cssc Offshore & Marine Engineering (00317) expects the annual net profit attributable to shareholders to increase by 628.14% to 732.16% in 2024 compared to the previous year.

Cssc Offshore & Marine Engineering (00317) announced that the company expects to achieve a net profit attributable to owners of the parent company of RMB 350 million to 400 million in the fiscal year 2024, representing an increase of 628.14% to 732.16% year-on-year. During this reporting period, the shipbuilding industry maintained a good trend, with the company's order structure continuously optimized, production tasks full, production volume and efficiency steadily improving, and ship product revenue and product gross profit increasing year-on-year. The operating performance of the company's joint ventures improved, and the level of dividends from equity investments increased, leading to an increase in investment income year-on-year.