ContiOcean Environment Tech Group Co., Ltd. announced that it expects to record a net profit in the range of approximately RMB18.0 million to RMB26.0 million for the year ended 31 December 2025. This represents a significant decrease compared to the net profit of approximately RMB120.3 million reported for the previous year. The decrease in net profit is mainly attributed to impacts on China’s shipbuilding and shipping industries, as well as the fact that many new orders secured in 2025 are long-cycle in nature and the related revenue has not yet been recognized during the reporting period.
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