On July 13, China CSSC Holdings Limited (CSSC) released a forecast of increased interim results for 2026.
The announcement disclosed that, for the forecast period, CSSC expects to achieve a net profit attributable to the parent company’s owners of between RMB 9.2 billion and RMB 11.0 billion (approximately USD 1.356 billion to USD 1.621 billion). This represents an increase of RMB 6.254 billion to RMB 8.054 billion (approximately USD 0.922 billion to USD 1.187 billion) compared to the same period last year, marking a year-on-year rise of 212.29% to 273.39%. Compared to the same period last year (based on figures restated following the completion of the merger), the increase ranges from RMB 5.422 billion to RMB 7.223 billion (approximately USD 0.799 billion to USD 1.065 billion), representing a year-on-year rise of 143.56% to 191.21%.
CSSC projects that its net profit attributable to the parent company—excluding non-recurring gains and losses—for the first half of 2026 will range from RMB 9.00 billion to RMB 10.80 billion (approximately USD 1.327 billion to USD 1.592 billion). This represents an increase of RMB 6.109 billion to RMB 7.909 billion (approximately USD 0.900 billion to USD 1.166 billion) compared to the same period last year, marking a year-on-year rise of 211.34% to 273.61%. This growth figure applies whether compared to the same period last year as originally reported or to the restated figures following the completion of the merger.
The announcement disclosed that China Shipbuilding Industry Company Limited (CSIC) was included in the company’s consolidated financial statements starting from the third quarter of 2025, necessitating retrospective adjustments to prior financial statements. The restructuring transaction, in which CSSC absorbed CSIC, was completed in September 2025; CSIC was delisted, and CSSC, as the surviving entity, assumed all of CSIC’s assets, liabilities, business operations, and personnel.
CSSC stated that the primary driver of this projected performance growth is the company’s substantial backlog of orders and full production schedule for the first half of 2026. Leveraging its mature shipbuilding system and the advantages of batch and paced production, CSSC has maintained stable and orderly operations, laying a solid foundation for steady earnings growth. Currently, the structure of the company’s order backlog has been further optimized; there have been year-on-year increases in the volume of delivered commercial vessels, the proportion of mid-to-high-end ship types, and the average price per vessel, all contributing to improved operating results.