CSSC Defense: It is expected that the semi-annual net profit in 2024 will increase by 965.91% year-on-year to 1163.30%.

On July 9, China Shipbuilding Defense announced that the company expects to achieve a net profit attributable to the owner of the parent company of 135 million yuan to 160 million yuan in the half year of 2024, an increase of 965.91% to 1163.30% year-on-year. Net profit excluding non-recurring gains and losses is expected to be 120 million yuan to 145 million yuan, an increase of 675.25% to 836.76% year-on-year. The growth in performance is mainly due to full production tasks, improved production efficiency and increased ROI of joint ventures and joint ventures.