CONTIOCEAN (02613) has released its interim results for the six months ended June 30, 2026, showcasing a substantial increase in profitability. The company reported a revenue of RMB 234 million for the period, marking a 62.95% rise compared to the previous year.

Profit attributable to shareholders of the company reached RMB 20.607 million, representing a remarkable 196.72% year-on-year increase. The earnings per share stood at RMB 0.53 for the reporting period.

The revenue generated from mainland China operations grew by approximately RMB 41.5 million, or 52.7%, climbing from RMB 78.8 million in the first half of 2025 to RMB 120.3 million in the same period of 2026. This growth was primarily driven by the delivery of long-cycle new vessel orders that were contracted with domestic shipyards in prior years. The corresponding revenue from these orders was recognized upon delivery during the reporting period, thereby fueling the overall revenue expansion.