CSSC Offshore & Marine Engineering's Q1 Profit Balloons 1,100%

MT Newswires Live

2025/04/29

CSSC Offshore & Marine Engineering (Group) (HKG:0317, SHA:600685) recorded a 1,100% rise in attributable profit in the first quarter to 184.5 million yuan from 15.4 million yuan a year prior, a Tuesday filing with the Hong Kong bourse said.

Earnings per share stood at 0.1305 yuan in the three months, up from 0.0109 yuan in the year-ago period.

The Chinese shipbuilding company's operating income rose 30% to 3.64 billion yuan from 2.81 billion yuan previously.

The firm attributed the higher profit mainly to a steady boost in income and production efficiency of ship products, a higher gross profit of products, and a rise in recognized investment income.

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