CSSC Offshore & Marine Engineering Expects 2025 Profit to Surge Up to 197%; Shanghai Shares Rise 4%

MT Newswires Live

01/12

CSSC Offshore & Marine Engineering (SHA:600685, HKG:0317) expects attributable profit to increase by 150% to 197% to between 940 million yuan and 1.12 billion yuan in 2025 from 377.3 million yuan in the year-ago period, according to a Monday disclosure to the Shanghai bourse.

The upbeat forecast is attributable to better revenue and production efficiency of its shipbuilding products, the filing said.

Shares rose 4% in Shanghai and 2% in Hong Kong during morning trading on Monday.

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