COMEC (00317) rose more than 4% during the trading session. As of the time of writing, the stock was up 2.72%, trading at HKD 15.46, with a turnover of HKD 68.86 million.

On the evening of January 9th, COMEC released an announcement forecasting its 2025 net profit attributable to owners of the parent company to be between RMB 940 million and RMB 1.12 billion, representing a year-on-year increase of 149.61% to 196.88%.

The company also projected its 2025 net profit attributable to owners of the parent company after deducting non-recurring gains and losses to be between RMB 850 million and RMB 1.02 billion, a year-on-year increase of 153.27% to 203.93%.

During the reporting period, the company's operating performance grew steadily, primarily due to increased revenue from shipbuilding products, improved production efficiency, and a year-on-year enhancement in product gross profit margins.

Furthermore, the operating performance of its associated enterprises improved significantly, and dividends received from equity-accounted investees increased, leading to a substantial year-on-year rise in the company's recognized investment income.