ContiOcean Environment Tech Group Co., Ltd. (ContiOcean) reported a robust first-half performance for 2026, driven by accelerated deliveries of marine exhaust gas cleaning systems and expanding energy-saving and services revenues.
Financial Highlights (H1 2026 vs. H1 2025)
• Revenue surged 62.9 % to RMB 233.81 million, fuelled by higher domestic shipyard deliveries and rapid growth in overseas orders. Mainland China contributed 51 % of sales (RMB 120.28 million), while overseas markets generated 49 % (RMB 113.53 million).
• Gross profit climbed 69.4 % to RMB 75.28 million; gross margin edged up to 32.2 % from 31.0 %.
• Profit for the period jumped 238.8 % to RMB 20.53 million; net profit attributable to shareholders increased 196.7 % to RMB 20.61 million.
• Basic and diluted EPS rose to RMB 0.53 from RMB 0.18. The board declared no interim dividend.
Business Mix
• Marine exhaust gas cleaning systems: Revenue up 53.9 % to RMB 69.50 million on newbuild deliveries and turnkey contracts.
• Marine energy-saving devices: Revenue up 189.1 % to RMB 22.23 million, reflecting strong uptake of new products such as plate heat exchangers and shaft generator systems.
• Marine clean-energy supply systems: Revenue up 10.2 % to RMB 40.01 million, supported by demand for containerised nitrogen generators.
• Maritime services: Revenue rose 68.7 % to RMB 91.60 million on interior upgrades and outfitting work.
• Vessel chartering: Newly introduced business contributed RMB 10.48 million following the April delivery of vessel Conti Shanghai.
Order Book & R&D
At 30 June 2026 ContiOcean’s backlog totalled approximately RMB 1.24 billion, led by 798 maritime service orders worth RMB 632.30 million. The company secured its first ContiPower Foil order and completed its inaugural shaft-generator retrofit and intelligent vessel system delivery. Nine new invention patents were granted, bringing the portfolio to 107 patents.
Balance Sheet & Cash Flow
• Total assets: RMB 850.30 million (+4.5 % vs. end-2025) • Net assets: RMB 497.27 million (+1.1 %) • Cash and cash equivalents: RMB 211.00 million (-2.0 %) • Bank borrowings: RMB 144.47 million; gearing ratio 41.5 % (end-2025: 39.5 %).
Operating cash inflow reached RMB 6.34 million compared with an outflow of RMB 103.56 million a year earlier, reflecting stronger profitability and improved working-capital management. Capital expenditure was RMB 166.80 million, including RMB 103.40 million for asset additions and RMB 63.20 million in prepayments and deposits for two in-service vessel acquisitions.
Post-Period Developments
• Acquisition of the vessel OM Singapore completed on 29 July 2026. • Successful bid announced on 1 September 2026 to acquire land, buildings and equipment in Jiangsu via public tender.
Outlook
Management plans to accelerate commercialisation of new energy-saving technologies, deepen digital-intelligence integration through its COIVS platform, and pursue further geographic expansion while maintaining cost discipline and exploring selective M&A opportunities.
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