CSSC Offshore & Marine Engineering (00317) recently disclosed its unaudited third-quarter results for 2025, reporting an operating income of RMB4.14 billion for the quarter, a year-on-year increase of 4.65%. From January to September, operating income reached RMB14.32 billion, marking a 12.83% rise compared with the same period last year.

Net profit attributable to shareholders stood at RMB128.74 million in the third quarter, surging 218.53% year-on-year. For the first three quarters, net profit attributable to shareholders was RMB655.12 million, up 249.84% compared with the same period in 2024. Management attributed the performance improvement to heightened production efficiency and effective cost control.

Total assets amounted to RMB55.88 billion as of the end of September, a 4.26% increase from the end of the previous year. Owners’ equity attributable to shareholders of the company grew to RMB17.97 billion, representing a 0.80% rise over the same period. The company also highlighted improvements in production cycles for its main ship types and a notable increase in investment income from associates.

During the reporting period, net cash flows used in operating activities were RMB63.35 million, reflecting an improvement compared with the same period in 2024, primarily due to higher milestone payments for shipbuilding projects. The report underscored higher selling expenses and taxes, partially offset by increased government grants and investment returns.

The board of directors noted that refined management initiatives contributed to the strong year-on-year increases in both gross profit and net profit. The company disclosed no other major information that requires special attention for the reporting period.