On April 10, CSSC Offshore & Marine Engineering (Group) Company Limited (hereinafter referred to as “COMEC”) issued the “Announcement on the Voluntary Disclosure of New Orders”.
The announcement disclosed that as of March 31, 2025, COMEC achieved new orders of RMB 12.502 billion (about 1.709 billion US dollars) in the first quarter of 2025, completing 71.64% of the annual plan of RMB 17.45 billion (about 2.385 billion US dollars), mainly including 9,200TEU container ships, 1,900TEU container vessels, special vessels and 20,000 cubic meters LNG bunkering vessel construction contracts.
COMEC said that container vessels, special vessels and LNG bunkering vessels belong to the company’s main products, and that the counterparties are all of good credit standing and have good performance ability.
It is worth mentioning that on March 10, Huangpu Wenchong, a subsidiary of COMEC, successfully held a steel cutting ceremony for the Benelux 48,000 cubic meter LPG carrier, marking a key step for the company in the field of medium-sized gas carriers and achieving another breakthrough in the new track of high value-added vessels.
According to a recent announcement by COMEC, it is expected to achieve a net profit attributable to the parent company’s owners of RMB 170 million to RMB 200 million in the first quarter of 2025, a year-on-year increase of 1005.77% to 1200.91%. It is expected to achieve a net profit attributable to the parent company’s owners of RMB 165 million to RMB 195 million after deducting non-recurring gains and losses, a year-on-year increase of 554.01% to 672.92%.