COMEC (00317) announced its interim results for 2025, reporting operating revenue of approximately 10.173 billion yuan, representing a year-on-year increase of 16.54%. Net profit attributable to shareholders of the listed company reached approximately 526 million yuan, surging 258.46% year-on-year. Basic earnings per share stood at 0.3724 yuan, with a cash dividend of 0.80 yuan per 10 shares.
According to the announcement, the significant net profit growth was primarily attributed to: (1) During the reporting period, the Group strengthened production process management, continuously reduced key cycles for main ship types, steadily improved production efficiency, and deepened cost engineering with further enhanced refined management levels, resulting in increased product gross profit compared to the same period last year; (2) During the reporting period, the company's associate enterprises performed well operationally, with improved dividend levels from equity investments, leading to a substantial year-on-year increase in confirmed investment income.
In the first half of 2025, the Group resolutely fulfilled its primary responsibility of strengthening military capabilities and winning battles, continued to cultivate the marine defense industry, actively promoted the construction of new-quality and new-domain combat forces, and enhanced equipment supply capabilities. Meanwhile, following global shipbuilding market development trends, the company strengthened order acquisition strategies based on market demand, focused on main ship types, and reinforced independent R&D, achieving cumulative operating orders of 15.498 billion yuan, up 64.6% year-on-year, completing 88.8% of the annual plan.
The newly contracted orders included 32 vessels across 6 types, comprising container ships, special vessels, and gas carriers. Among these, the company's "Honghu" series feeder container ships continued to lead the global niche market, while medium-sized container ships achieved expansion from 4,300 TEU to 9,200 TEU, demonstrating significant effectiveness in product competitiveness and portfolio development.
As of the end of the reporting period, the Group held orders with a total contract value of approximately 68 billion yuan, including shipbuilding orders with a total contract value of approximately 65 billion yuan, encompassing 140 vessel products and 1 offshore engineering equipment unit, totaling 4.664 million deadweight tons. Non-shipbuilding products including offshore wind power equipment and ship repair services held orders with a total contract value of approximately 3 billion yuan.