China Shipbuilding Defense (00317) expects net profit to increase by 50.08% to 69.08% year-on-year in the first half of the year

According to the Zhitong Finance App, China Shipbuilding Defense (00317) announced that the company expects to achieve net profit of RMB 790 million to 890 million yuan in the half-year of 2026, an increase of 50.08% to 69.08% over the previous year.

During the reporting period, the shipping industry maintained a high level of operation. The company's handheld order structure continued to be optimized, and on-hand production tasks were sufficient. The company further promotes lean production management, leverages the advantages of serial and batch construction, continuously improves overall production and operation efficiency, and promotes a year-on-year increase in product gross profit. The operating performance of joint ventures improved markedly, and the level of dividends of participating companies increased steadily, confirming a sharp increase in investment income over the same period last year.