HK Stock Market Move | Cssc Offshore & Marine Engineering (00317) falls over 7% in the afternoon; expects third-quarter net profit to decline by up to 40% quarter-on-quarter.

Cssc Offshore & Marine Engineering (00317) fell over 7% in the afternoon. As of press time, it was down 7.50% at HK$12.95, with a turnover of HK$74.4192 million. On the news front, Cssc Offshore & Marine Engineering recently issued a profit forecast, expecting net profit attributable to shareholders of RMB 1.1 billion to RMB 1.25 billion for the first three quarters of 2026, up 67.91% to 90.80% year-on-year. Calculated on this basis, the company's third-quarter net profit is expected to be RMB 263 million to RMB 413 million, compared with RMB 440 million in the second quarter, implying that third-quarter net profit is expected to decline 6% to 40% quarter-on-quarter. Shenwan Hongyuan Group issued a research report stating that it maintains a "Buy" rating on Cssc Offshore & Marine Engineering. The brokerage maintains its profit forecasts for net profit attributable to shareholders of RMB 2.0/2.6/4.5 billion for 2026-2028, corresponding to PE of 9/7/4 times, respectively. Cssc Offshore & Marine Engineering's ample order backlog and growing production scheduling scale support mid-term earnings growth, while delivery of high-priced orders combined with batch construction opens up room for long-term profit margins.