China State Shipbuilding announced that it expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 9.20 billion yuan and 11.00 billion yuan, representing a year-on-year increase of 212% to 273%. The profit growth is mainly due to a sufficient order backlog and a full production schedule. Leveraging a mature construction system and the advantages of batch and rhythm production, production and operations have been stable and orderly. At the same time, the company has strengthened lean management and deepened cost control. The number of delivered commercial shipbuilding products, the proportion of mid-to-high-end vessel types, and the average price per vessel have all increased year-on-year, leading to an improvement in operating performance compared with the same period last year.
China CSSC Holdings LtdCompany expects net profit to surge 212%-273% YoY due to strong order backlog and cost control.