CSSC Offshore & Marine Engineering (Group) (HKG:0317, SHA:600685) expects its net profit attributable to the owners in 2024 to be between 350 million yuan and 400 million yuan, surging up to 732% from a year earlier, according to a Hong Kong Stock Exchange filing on Tuesday.
The attributable profit in 2023 was 48.1 million yuan or 0.0340 yuan per share.
The shipbuilding enterprise attributed the forecast to a steady increase in production volume, as well as the rise in the revenue of ship products and gross profit of products.
CSSC'S Shanghai shares rose less than 2% and Hong Kong shares rose more than 1% in recent trade.
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