CONTIOCEAN (02613) issued a profit warning, with an expected decrease in profit of about 58 million to 80 million yuan compared to the same period last year.

CONTIOCEAN (02613) announced that for the six months ending on June 30, 2025, the Group is expected to achieve a period profit of approximately RMB 5 million to RMB 8 million, while the period profit for the same period last year was approximately RMB 82.10 million. The decrease in period profit is mainly attributed to: (1) geopolitical tensions and recent tariff fluctuations affecting China CSSC's manufacturing and shipping industries; (2) changes in the shipbuilding plan during the reporting period, leading to delays in delivery of some large orders signed before 2025; (3) most of the new orders signed at the beginning of 2025 are long-term projects, resulting in the related orders not being fulfilled, therefore corresponding revenue could not be recognized during the reporting period.