COMEC (00317) saw its shares rise more than 4% again. As of the time of writing, the stock was up 3.57%, trading at HK$15.94, with a turnover of HK$90.32 million. The increase follows the company's recent announcement that its subsidiary, Huangpu Wenchong Shipbuilding Co., Ltd., has signed a contract with EVERGREEN MARINE (ASIA) to build 16 feeder container ships. The total value of the contract is between $736 million and $896 million, with delivery scheduled for 2028-2030 or earlier. Fulfillment of the contract is expected to have a positive impact on the company's cash flow and future operating performance.

It is noteworthy that COMEC forecasts its 2025 net profit attributable to shareholders to increase by 150% to 197% year-on-year. According to a research report from Zhejiang Securities, the significant growth in the company's 2025 performance is primarily due to increased revenue from shipbuilding products and improved production efficiency, leading to better gross margins. Additionally, the operating results of affiliated enterprises have improved markedly, and dividends from equity-accounted investees have risen, resulting in a substantial year-on-year increase in investment income recognized by the company. COMEC's core shipbuilding entities include its controlling subsidiary Huangpu Wenchong and its equity-accounted investee Guangzhou Shipyard International.