CSSC Offshore & Marine Engineering (00317) announced a 95.16% to 133.11% year-on-year increase in its expected first-quarter net profit attributable to shareholders to approximately RMB 360 million to RMB 430 million.

CSSC Offshore & Marine Engineering (00317) announced that the company is expected to achieve a net profit attributable to the owners of the parent company of RMB 3.6 billion to 4.3 billion in the first quarter of 2026, an increase of 95.16% to 133.11% year-on-year. It is expected to achieve a net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, of RMB 3.3 billion to 3.9 billion in the first quarter of 2026, an increase of 85.44% to 119.16% year-on-year. During the reporting period, the company seized the opportunities in the shipbuilding industry, with a good order acquisition situation and continuous optimization of product structure. The company continued to deepen lean production management, further reducing shipbuilding construction cycle, driving steady growth in operating income, and increasing product gross profit year-on-year. The operating performance of the company's joint ventures improved significantly, confirming a substantial year-on-year increase in investment income.