China Shipbuilding Defense (00317) announced interim results, net profit of about 837 million yuan, an increase of 58.94% year-on-year

According to the Zhitong Finance App, China Shipbuilding Defense (00317) announced the 2026 interim results, with operating income of about 11.12 billion yuan, up 9.31% year on year; net profit attributable to shareholders of listed companies was about 837 million yuan, up 58.94% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was about 782 million yuan, an increase of 59.28% year on year; basic earnings per share were 0.5919 yuan, with a cash dividend of 1.00 yuan (tax included) for every 10 shares.

According to the announcement, net profit growth was mainly due to: (1) during the reporting period, the Group continued to deepen lean production management, solidly advance cost engineering, continued to drop in pressure during the key construction cycle of the main ship, production efficiency improved steadily, cost control achieved results, and product gross profit increased compared to the same period last year; (2) during the reporting period, the operating performance of the company's joint ventures improved markedly, and the level of dividends of participating companies increased steadily, confirming a significant year-on-year increase in investment income.

During the reporting period, the Group achieved a total of RMB 201,065 billion in operations, completed 122.8% of the annual plan, and undertook a total of 55 new shipbuilding orders of type 8, mainly container ships, etc. The company grasps the development opportunities of the global shipping market and the advantage of having plenty of orders, focusing on main ship types, superior ship types and green smart ship types, promoting the development of independent ship models, and increasing market operation acceptance efforts. The company continues to consolidate its leading global position in the regional container ship market; the “SWAN/Honghu” product order acceptance momentum is strong, and batch orders for self-developed products have achieved remarkable results; it has promoted batch signing of multiple ship types of container ships above the 5,000 TEU class, and the product lineage construction has been very effective.

During the reporting period, the Group carried out the primary responsibility of strengthening the military, continued to consolidate the foundation for the development of the defense industry, steadily improved the supply capacity of new quality equipment in new regions, and actively promoted equipment construction capacity building. The Group deepened production control mechanisms, improved lean management systems, promoted cost engineering construction, gave full play to the advantages of batch construction, had a good production situation, accelerated production, and achieved 18 completed deliveries and 882,400 dwt, including regional container ships, heavy gondolas, etc., so that various types of products were delivered earlier than the contract period.

As of the end of the reporting period, the total contract price of the Group's handheld orders was about 74.5 billion yuan, of which the total contract price for in-hand shipbuilding was about 73.4 billion yuan, including 173 ship products and 1 offshore equipment, totaling 6.28 million dwt.