On April 8, China CSSC Holdings Limited (hereinafter referred to as “CSSC”) issued the “Announcement on the Forecast Increase in Performance for the First Quarter of 2025”.
The announcement disclosed that according to preliminary estimates by CSSC’s financial department, the company’s net profit attributable to the parent company’s owners in the first quarter of 2025 will be between RMB 100 million (approximately US$136 million) and RMB 120 million (approximately US$163 million), an increase of between RMB 598.95 million (approximately US$8.15 million) and RMB 798.95 million (US$109 million) compared with the same period last year, a year-on-year increase of approximately 149.35% to 199.21%.
The company expects to achieve a net profit attributable to the parent company’s owners of between RMB 990 million and RMB 119 million after deducting non-recurring gains and losses, which will increase by RMB 651.63 million to RMB 851.63 million compared with the same period last year, an increase of approximately 192.58% to 251.69% year-on-year.
CSSC expressed that the main reason for the expected increase in performance is that during the reporting period, the company focused on its main business, and under the premise of ensuring production safety, it paid close attention to production and delivery, improved the level of lean management, and steadily improved production efficiency. As the shipbuilding industry maintains a good trend, the company’s order structure has been upgraded and optimized, the price of delivered civilian ships has increased year-on-year, and the operating gross profit has increased year-on-year; the operating performance of the joint ventures has also improved simultaneously.
According to the announcement, CSSC is currently in normal production and operation, with remarkable results in transformation and upgrading, and its product spectrum continues to improve. The “three major shipbuilding” indicators are all in the leading position in China. As of March 31, 2025, the company has accumulated orders for 333 civilian ships/25.63 million deadweight tons/ RMB 225 billion. Among them, the number of orders for container ships, tankers, VLECs, PCTCs, multipurpose ships, self-unloading ships and other ship types are among the highest in the world.