On January 22, CSSC Offshore & Marine Engineering (Group) Company Limited (“COMEC”) released the “Announcement of 2024 Annual Results Increase”.
The announcement disclosed that COMEC expects to realize net profit attributable to owners of the parent company of RMB350 million to RMB400 million for the year 2024, representing an increase of 628.14% to 732.16% year-on-year.
COMEC indicated that the shipbuilding industry maintained a good trend in 2024, the company’s order structure continued to optimize, production tasks are full, total production and production efficiency steadily increased, and ship product revenue and product gross profit increased year-on-year.
Meanwhile, the company’s associates’ operating results improved and the dividend level of the participating companies increased, and the investment income recognized also increased year-on-year.
Listed in Shanghai and Hong Kong, COMEC owns two major shipyards, namely, Guangzhou Shipbuilding International (GSI) and Huangpu Wenchong Shipbuilding.