On October 28, China CSSC Holdings Limited (CSSC) released its Third Quarterly Report 2025.
The report disclosed that in the first three quarters of 2025, CSSC achieved operating revenue of RMB 107.403 billion (approximately US$15.122 billion), a year-on-year increase of 17.96%; net profit attributable to the parent company of RMB 5.852 billion (approximately US$824 million), a year-on-year increase of 115.41%; and net profit excluding non-recurring items of RMB 4.382 billion (approximately US$617 million), a year-on-year increase of 122.24%.
Among them, CSSC’s third-quarter operating income was RMB 34.763 billion (approximately US$4.895 billion), a year-on-year increase of 4.76%; net profit attributable to the mother of RMB 2.074 billion(approximately US$ 292 million), a year-on-year increase of 97.56%, a single-quarter earnings growth rate of nearly double the growth momentum continued.
CSSC stated that the performance growth is mainly driven by three factors: first, the shipbuilding industry as a whole maintains a sound development trend, and the structure of the company’s backlog of orders has been upgraded and optimized; second, the price of civil ships delivered during the reporting period increased year-on-year, while construction cost control was effective, leading to a year-on-year rise in operating gross profit; third, the operating performance of equity investees and joint ventures continued to improve, and the investment income from long-term equity investments accounted for using the equity method increased year-on-year.