HK Stock Movement | COMEC (00317) Surges Over 5% as 2025 Earnings Forecast Meets Market Expectations; Company Expected to Benefit from Shipbuilding Asset Integration

COMEC (00317) rose over 5%. As of writing, the stock was up 5.24% to HKD 15.65, with a turnover of HKD 57.2823 million.

Zheshang Securities stated in a research report that COMEC's 2025 annual results forecast is in line with expectations. The company anticipates its net profit attributable to shareholders for 2025 to increase by 150%-197% year-on-year, with an estimated range of 940 million yuan to 1.12 billion yuan, representing a growth of 149.61%-196.88%.

Adjusted net profit attributable to shareholders is forecasted to be between 850 million yuan and 1.02 billion yuan, an increase of 153.27%-203.93% compared to the previous year.

The brokerage believes that the integration of final assembly assets under China State Shipbuilding Corporation (CSSC) is expected to further enhance internal synergies, improve economies of scale, and strengthen lean management.

As the only "A+H" share platform under CSSC, the company is poised to benefit from the group's efforts to resolve同业竞争 issues.

The report further indicated that current shipyard capacity is nearly saturated; however, the number of active shipyards and delivery volumes have significantly decreased compared to the previous cycle. Tight supply and demand conditions may continue to drive ship prices higher.

Due to supply constraints, difficulties in expanding capacity, coupled with vessel replacement cycles and environmental policies, the tight供需 situation is expected to drive ship prices to new highs continuously, with the shipbuilding cycle likely to experience a volatile upward trend.