Cssc Offshore & Marine Engineering (00317) announced its interim results, with a net profit attributable to shareholders of approximately 837 million yuan, representing a year-on-year increase of 58.94%.

Cssc Offshore & Marine Engineering (00317) announced its mid-year results for 2026, with operating revenue of approximately 11.12 billion RMB, a year-on-year increase of 9.31%; net profit attributable to shareholders of the listed company was about 837 million RMB, up 58.94% year-on-year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was approximately 782 million RMB, a year-on-year increase of 59.28%; basic earnings per share were 0.5919 RMB, with a cash dividend of 1.00 RMB (tax-inclusive) per 10 shares. The announcement stated that the increase in net profit was primarily due to: (1) During this reporting period, the group continued to deepen lean production management, solidly promoted cost engineering, continuously reduced the key construction cycle of main ship types, steadily improved production efficiency, effectively controlled costs, and achieved growth in product gross profit compared to the same period last year; (2) During this reporting period, the performance of the groups joint ventures improved significantly, and the dividend levels of associated companies steadily increased, resulting in a substantial year-on-year increase in confirmed investment income. During the reporting period, the group achieved a total of 20.165 billion RMB in operational contracts, completing 122.8% of the annual plan, with a total of 55 new ship orders for 8 different types, mainly comprising container ships. The company seized opportunities in the global shipbuilding market and leveraged its advantages of abundant orders, focusing on main ship types, advantageous ship types, and green intelligent ship types, advancing independent ship type development and increasing efforts in market acquisition. The company continued to consolidate its global leading position in the feeder container ship market; the SWAN/Honghu product order intake momentum was strong, achieving remarkable results in the mass production of self-developed products; it promoted multiple ship type contracts for container ships above 5000 TEU, with effective product lineage construction. During the reporting period, the group fulfilled its primary responsibility for strengthening national defense, continuously solidifying the foundation for the development of the defense industry, steadily enhancing the supply capacity for new quality and domain equipment, and actively promoting the construction of equipment manufacturing capabilities. The group deepened production control mechanisms, improved the lean management system, advanced cost engineering construction, and leveraged the advantages of mass production. The production situation was good, with accelerated production upgrades, achieving the completion and delivery of 18 vessels totaling 882,400 deadweight tons, including feeder container ships and heavy-lift vessels, with multiple types of products delivered ahead of schedule compared to the contract period. As of the end of this reporting period, the group held total orders with a contract value of approximately 74.5 billion RMB, among which the contract value for shipbuilding orders was about 73.4 billion RMB, including 173 vessel products and 1 offshore engineering equipment, totaling 6.28 million deadweight tons.