China CSSC Holdings projects significant profit growth for first three quarters

China CSSC Holdings projects its net profit attributable to shareholders for the first three quarters of 2025 to be between yuan 555,000 to yuan 615,000, representing a year-on-year increase of 104.30% to 126.39%. This also translates to a 144.42% to 170.85% increase over previously disclosed figures. The projected net profit after deducting non-recurring gains and losses is expected to be between yuan 408,000 and yuan 468,000, an increase of 106.93% to 137.36% year-on-year.

The company attributes this growth to focusing on its core business, enhancing refined management, and improving production efficiency. The shipbuilding industry has maintained strong development momentum, leading to an optimized order structure. Deliveries of commercial vessels, pricing, and cost control have all improved year-on-year, contributing to higher gross profit margins and sustained operational performance from joint ventures.

The financial data includes the consolidation of China Shipbuilding Industry Company Limited into the company's scope from the third quarter of 2025, following a business combination. The comparative financial information incorporates only the 47.63% equity acquired from the former controlling shareholder and its concerted parties. The financial data provided is preliminary and unaudited.