China CSSC Holdings reports strong Q3 growth, board approves audit and leadership changes

China CSSC Holdings reported a strong performance for the third quarter of 2025, with net profit attributable to shareholders increasing by 97.56% to CNY 2,074,459,897.57 and total operating revenue rising by 4.76% to CNY 34,763,145,858.61 compared to the previous year. The company’s total assets also increased by 0.59% to CNY 406,022,551,603.91. This growth is attributed to an optimized order structure, increased delivery of commercial vessels, and improved cost control, leading to higher gross profit. The company also completed a share exchange merger with China Shipbuilding Industry Corporation, adding 3,053,192,530 new shares and increasing total capital to 7,525,621,288 shares.

The Ninth Board of Directors’ Fourth Meeting approved several key changes. Tianzhi International Certified Public Accountants (Special General Partnership) was appointed as the audit institution for 2025 financial reports and internal control, replacing ZhuanTong Certified Public Accountants (Special General Partnership). The audit fee for financial reports is CNY 8.2 million, with an additional CNY 1.7 million for internal control, reflecting an expanded audit scope due to the merger.

Furthermore, the board accepted the resignation of Ms. Wang Jie as board secretary and appointed Ms. Guan Hong to the position, effective from October 28, 2025. The board also approved revisions to the "Board Secretary Work System" and "Director and Senior Management Stockholding Management System."