COMEC (00317) surged over 6% again, rising 5.7% to HK$15.76 as of press time, with trading volume reaching HK$113 million.

On the news front, COMEC plans to hold its 2025 interim results briefing on September 15. The company's interim results showed that first-half revenue reached approximately 10.173 billion yuan, up 16.54% year-on-year, while net profit attributable to shareholders of the listed company was approximately 526 million yuan, surging 258.46% year-on-year.

Notably, the merger scheme between China State Shipbuilding Corporation and China Heavy Industries was previously approved, accelerating the restructuring pace of CSSC-affiliated companies.

Shenwan Hongyuan Securities pointed out that COMEC is a listed company under CSSC Group engaged in ship assembly, with SASAC as the ultimate controller. Its controlled subsidiary Huangpu Wenchong and equity-held Guangzhou Shipyard International are core assets.

The brokerage noted that the supply-demand tightness in the shipbuilding industry continues to persist. Pessimistic factors that had suppressed China's shipbuilding market since the beginning of the year have shown changes. The company's 2028 production scheduling shows significant improvement compared to 2027, providing ample flexibility for long-term performance.

Additionally, CSSC Group attaches importance to resolving peer competition issues and made commitments regarding the resolution of peer competition in January 2025. The group committed to resolving peer competition issues between Huangpu Wenchong and China State Shipbuilding Corporation within five years, with subsequent progress worth monitoring.