Shipbuilding Power forecasts significant interim profit increase

China Shipbuilding Industry Group Power (the "Company") projects a notable increase in its financial performance for the first half of 2025. The expected net profit attributable to the parent company is between CNY 800 million and CNY 1.15 billion, representing a rise of between CNY 324.59 million and CNY 674.59 million compared to the same period last year, translating to a year-over-year increase ranging from 68.28% to 141.90%. The estimated net profit attributable to the parent company, excluding non-recurring gains and losses, is forecast to be between CNY 700 million and CNY 1.05 billion, marking an increase of between CNY 280.83 million and CNY 630.83 million. This surge is attributed to the continued growth momentum in the shipbuilding industry and the rapid expansion of the company's diesel engine segment, along with increased contract settlements and higher prices for its key products, particularly low-speed marine engines.