CSSC Offshore and Marine Engineering (COMEC) projects its net profit will reach between CNY360 million ($49.7 million) and CNY430 million for the first quarter of 2026. This represents a rise of 95.16 per cent to 133.11 per cent compared to the same period in 2025, according to a company announcement on April 13.
For the three months ending March 31, financial gains are forecast to increase by at least CNY175.54 million. Net profit attributable to shareholders during the first quarter of the previous year was CNY184.46 million.
The company stated it has capitalised on growth opportunities within the shipping industry, resulting in a strong intake of new orders. These orders were supported by optimised product structures designed to enhance overall profitability, it added.
"Lean production management" has been implemented to reduce the construction time for primary vessel models. Such operational efficiencies led to a steady increase in operating revenue and higher product gross margins during the period, according to the group.
Investment income further bolstered results following a significant improvement in the performance of associated enterprises. The group indicated that adjusted net profit, excluding non-recurring items, should fall between CNY330 million and CNY390 million.
This represents a rise of 85.44 per cent to 119.16 per cent over the CNY177.95 million recorded in the first quarter of 2025. No uncertain factors have been identified that might affect the accuracy of these preliminary results, the company confirmed.
