CSSC Offshore & Marine Engineering's (Group) (HKG:0317, SHA:600685) 2024 net profit attributable to the owners surged 685% to 377.3 million yuan or 0.2669 yuan per share, according to a Hong Kong Stock Exchange disclosure on Friday.

The attributable profit a year earlier was 48.1 million yuan or 0.0340 yuan per share.

The Chinese shipbuilding company's operating income jumped 20% to 19.4 billion yuan from 16.1 billion yuan in the preceding year, the disclosure said.

A cash dividend of 0.70 yuan per ten shares was recommended for the period.

The company's Hong Kong shares closed over 2% lower, while Shanghai shares finished over 1% lower.