HK Stock Market Move | CSSC Offshore & Marine Engineering (00317) rose by over 6% during trading, the three major indicators of China's shipbuilding industry lead globally, with some shipyard orders scheduled up to three years ahead.

Cssc Offshore & Marine Engineering (00317) rose more than 6% in intraday trading, and as of the time of writing, it had risen by 5.25% to 16.43 Hong Kong dollars, with a trading volume of 64.3762 million Hong Kong dollars. On the news front, on May 9, data released by the Ministry of Industry and Information Technology showed that in the first quarter of 2026, China's shipbuilding completion volume, new order volume, and backlog volume were all leading globally, with significant achievements in shipbuilding efficiency, full industry chain capabilities, and green transformation. As of the end of March, China's shipbuilding backlog volume reached 322.30 million deadweight tons, a year-on-year increase of 43.6%, accounting for a high market share of 69.8% globally. Currently, production orders for some large shipyards have been scheduled for three years ahead. It is worth noting that Cssc Offshore & Marine Engineering's net profit attributable to parent company shareholders in the first quarter increased by 115% year-on-year. The significant growth in performance is mainly due to the further reduction of the shipbuilding cycle for the main ship types and an increase in product gross profit year-on-year; the operating performance of joint ventures has significantly improved, and the company has confirmed a substantial increase in investment income year-on-year. Zheshang pointed out that with the improvement in the cyclic prosperity, the demand for ordering multiple ship types is increasing, and the shipyard's profitability is improving.