HK Stock Market Move | Cssc Offshore & Marine Engineering (00317) increased by more than 3%, with a forecasted increase of 133% in net profit in the first quarter. The new ship prices have the potential to rise.

Cssc Offshore & Marine Engineering (00317) rose more than 3%, rising to 3.04% at the time of publication, with a price of 15.23 Hong Kong dollars and a turnover of 58.2209 million Hong Kong dollars. In terms of news, Cssc Offshore & Marine Engineering previously announced a profit increase, expecting a net profit attributable to the parent company owner of RMB 360 million to RMB 430 million 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 parent company owner after deducting non-recurring gains and losses of RMB 330 million to RMB 390 million in the first quarter of 2026, with a year-on-year increase of 85.44% to 119.16%. This is mainly due to the accelerated delivery pace of civilian ships from the controlling shipyard Huangpu Wenchong and the affiliated shipyard Guangzhou Shipyard International, which has led to an accelerated release of profits. Shenwan Hongyuan Group believes that the current new ship prices have stabilized and are expected to enter a unilateral upward trend. In early 2026, the oil transportation market entered a historical super cycle, with spot freight rates breaking historical highs, period charter prices fluctuating at high levels, and the prosperity accelerating towards shipbuilding, with new orders expected to accelerate. In the background of shipyards sharing capacity for different types of ships, the leading rebound of new ship prices for oil tankers is expected to drive the overall new ship price index upward, and the long-term performance of shipping companies is expected to improve.