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<Alert> CSSC Offshore & Marine Engineering (00317.HK) Expects 1Q Net Profit to Surge 95%-133%
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CSSC Offshore & Marine Engineering (00317.HK) issued a positive profit alert, expecting net profit attributable to owners of the parent for the first quarter to range between RMB360 million and RMB430 million, representing an increase of 95.2%-133.1% compared with the same period last year. The growth was mainly attributable to the company seizing development opportunities in the shipbuilding industry, with a favorable order intake momentum; further compression of construction cycles for its major vessel types, driving steady growth in operating revenue and a YoY increase in product gross profit; and a significant improvement in the operating performance of associates, resulting in a substantial increase in recognized investment income. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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