CSSC Offshore & Marine Engineering said its profitability improved significantly in the first nine months of 2026, supported by favorable shipbuilding market conditions, a strong order intake and better operational efficiency.
Net profit attributable to owners of the parent for the period January to September is expected to be in the range of RMB1.10 billion to RMB1.25 billion, the company said. This is an increase of RMB 444.88 million to RMB 594.88 million, representing a year-on-year increase of 67.91% to 90.80% compared with the same period in 2025.
Net profit attributable to owners of the parent is expected to be in the range of RMB 1 billion and RMB 1.15 billion for the same nine-month period. This would be an increase of RMB394.89 million to RMB544.89 million from the previous year with a growth of 65.26%-90.05%.
“The expected results are a reflection of continued momentum across the shipbuilding industry and the company’s ability to effectively execute its operating strategy.
Fuel Orders From Container Ship Contracts Rise
In the first three quarters of 2026, CSSC Offshore & Marine Engineering achieved new orders of RMB 35.799 billion. Totaled 217.97% of its annual order target, showing healthy demand for its shipbuilding activities.
Much of this work is for the construction of container ships. The new orders include vessels of 1,900 TEU, 3,000 TEU, 5,300 TEU and 6,400 TEU.
The company is also constantly optimizing the structure of its order backlog, while maintaining a well-filled production schedule for the coming periods.
Efficiency in manufacturing supports margins
In addition to commercial performance, CSSC Offshore & Marine Engineering is also working on improving production processes to increase profitability. Building on its experience in serial and mass shipbuilding, the group has implemented lean manufacturing practices more widely.
The Company’s efforts have resulted in overall operating efficiencies and improved product gross margins that have helped the Company turn a strong order pipeline into better financial performance.
New orders have already exceeded its target for the whole year and the production capacity is supported by a healthy backlog. CSSC Offshore & Marine Engineering is optimistic that buoyant market conditions and improvements in its operations will support its results for the nine months to 30 September 2026.
