China Shipbuilding Defense: Net profit in the first quarter of 2026 is expected to increase by 95.16%-133.11%.

China Ship Defense announced that it is expected to achieve a net profit attributable to the owners of the parent company of 360 million to 430 million yuan in the first quarter of 2026, an increase of 95.16% to 133.11% year-on-year; non-net profit is expected to be 330 million to 390 million yuan, an increase of 85.44% to 119.16% year-on-year. The net profit for the same period last year was 184 million yuan. The main reasons for the increase in performance are the company's good order acceptance trend, optimized product structure, shortened construction period, revenue growth, increased product gross margin, and investment income.