Changes in Hong Kong stocks | China Shipbuilding Defense (00317) fell more than 10% after profit, and net profit in the first half of the year increased to a maximum of 70%. The results for the second quarter were in line with expectations

The Zhitong Finance App learned that China Shipbuilding Defense (00317) fell more than 10% after profit. As of press release, it fell 8.98% to HK$11.96, with a turnover of HK$63.3817 million.

According to the news, China Shipbuilding Defense issued an announcement stating that the net profit for the first half of the year is expected to be 790 million to 890 million yuan, an increase of 50%-69% over the previous year. The net profit corresponding to the second quarter was 390 million yuan to 490 million yuan, an increase of 15% to 44% over the previous year. Shen Wan Hongyuan pointed out that the median forecast for the second quarter was 444 million yuan, which is close to the 446 million yuan estimated in the forward-looking report, in line with expectations.

During the reporting period, the shipping industry maintained a high level of operation. The company's handheld order structure continued to be optimized, and on-hand production tasks were sufficient. The company further promotes lean production management, leverages the advantages of serial and batch construction, continuously improves overall production and operation efficiency, and promotes a year-on-year increase in product gross profit. The operating performance of joint ventures improved markedly, and the level of dividends of participating companies increased steadily, confirming a sharp increase in investment income over the same period last year.