HK Stock Market Move | Cssc Offshore & Marine Engineering (00317) rose over 4% again as the shipbuilding industry remains in a high boom. The company has a sufficient backlog of orders.

Cssc Offshore & Marine Engineering (00317) rose more than 4%, and as of the time of writing, it increased by 3.77%, reaching HKD 14.04, with a trading volume of HKD 48.5454 million. In terms of news, Clarkson's research on ship asset values indicates that the total value of the global fleet and pending orders has reached USD 2.5 trillion. In the first half of 2026, the total value of new shipbuilding orders reached USD 133 billion, while the total value of second-hand ship transactions amounted to USD 35 billion. The global delivery of new ships is currently experiencing strong growth, with an estimated delivery of approximately USD 179 billion in new ship orders by 2027. In the first half of this year, Cssc Offshore & Marine Engineering achieved a net profit attributable to the parent company of RMB 840 million, a year-on-year increase of 59%. In the second quarter alone, the net profit attributable to the parent company was RMB 440 million, reflecting a year-on-year growth of 29% and a quarter-on-quarter growth of 11%. The company's current shipbuilding backlog is RMB 73.4 billion, including 173 vessels and one offshore engineering equipment, totaling 6.28 million deadweight tons. Shenwan Hongyuan Group noted that the company continues to benefit from the high prosperity of the shipbuilding industry, with sufficient orders on hand and a consistent delivery of high-value-added ship orders.