CSSC Offshore & Marine Engineering (Group) (HKG:0317, SHA:600685) expects an attributable profit of between 170 million yuan and 200 million yuan for the first quarter of 2025, up 1,006% to 1,201% from a year prior, a Tuesday filing with the Hong Kong bourse said.
The Chinese shipbuilding company attributed the higher anticipated profit mainly to a steady improvement in revenue and production efficiency of ship products, as well as a year-over-year improvement in the gross profit of products.
Hong Kong-listed shares of the firm were up over 16% in recent trade.
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