COMEC projects 1H2026 net profit of RMB790–890 million, up 50%–69% YoY

Bulletin Express07-10

CSSC Offshore & Marine Engineering (Group) Company Limited (COMEC) expects a sharp earnings improvement for the six months ended 30 June 2026. Preliminary figures released on 10 July 2026 indicate:

• Net profit attributable to shareholders is projected at RMB790.00 million–RMB890.00 million, representing a year-on-year increase of 50.08%–69.08% (up RMB263.61 million–RMB363.61 million versus 1H2025).

• Excluding non-recurring items, net profit is estimated at RMB740.00 million–RMB840.00 million, up 50.71%–71.08% from the prior-year comparable of RMB491.00 million.

For reference, COMEC reported a 1H2025 net profit of RMB526.39 million and earnings per share of RMB0.3724.

Management attributes the stronger interim performance to:

1. Sustained strength in the global shipbuilding market, leading to an improved order mix and a solid backlog. 2. Ongoing lean-production initiatives and standardized, batch-based construction, which have lifted overall operating efficiency and gross margins. 3. Enhanced profitability from associates and higher dividends from investee companies, boosting recognized investment income.

The forecasted figures are based on internal preliminary calculations and have not been audited. COMEC will release its full, audited interim results in due course; investors are advised to review the detailed report when available.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Preliminary figures released on 10 July 2026 indicate:</p>\n<p>• Net profit attributable to shareholders is projected at RMB790.00 million–RMB890.00 million, representing a year-on-year increase of 50.08%–69.08% (up RMB263.61 million–RMB363.61 million versus 1H2025).</p>\n<p>• Excluding non-recurring items, net profit is estimated at RMB740.00 million–RMB840.00 million, up 50.71%–71.08% from the prior-year comparable of RMB491.00 million.</p>\n<p>For reference, COMEC reported a 1H2025 net profit of RMB526.39 million and earnings per share of RMB0.3724.</p>\n<p>Management attributes the stronger interim performance to:</p>\n<p>1. Sustained strength in the global shipbuilding market, leading to an improved order mix and a solid backlog.  \n2. Ongoing lean-production initiatives and standardized, batch-based construction, which have lifted overall operating efficiency and gross margins.  \n3. 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