CSSC Offshore & Marine Engineering (Group) Company Limited (COMEC) expects a sharp earnings rebound in the first quarter of 2026, driven by stronger order intake, an optimized product mix and improved contributions from associates.

For the period from 1 January to 31 March 2026, management projects: • Net profit attributable to shareholders between RMB360.00 million and RMB430.00 million, up 95.16%–133.11% from RMB184.46 million a year earlier. • Net profit excluding non-recurring items between RMB330.00 million and RMB390.00 million, representing year-on-year growth of 85.44%–119.16%.

The prior-year first-quarter base included total profit of RMB223.64 million and earnings per share of RMB0.13.

COMEC attributes the performance improvement to: 1. Accelerated order inflows and continued optimization of its vessel portfolio, which together lifted revenue and gross profit margins. 2. Ongoing implementation of lean production management that shortened construction cycles for core ship types. 3. A significant upswing in investment income from associated enterprises.

The earnings figures are preliminary and unaudited. COMEC reports no identified uncertainties that could materially affect these estimates but advises investors to refer to its forthcoming Q1 2026 report for audited results.