China CSSC (600150) Q2 2026 earnings summary

Executive summary

• Achieved significant revenue and profit growth, with revenue up 26.01% and net profit attributable to shareholders up 163.51% year-over-year for the first half of 2026.

• Completed the merger with China Shipbuilding Industry Company, expanding the business scale and optimizing the order structure.

• Focused on high-quality order intake, production efficiency, and technological innovation, leading to improved margins and operational performance.

Financial highlights

• Revenue: RMB 91.53 billion, up 26.01% year-over-year.

• Net profit attributable to shareholders: RMB 9.95 billion, up 163.51% year-over-year.

• Operating cash flow: RMB 10.92 billion, a significant turnaround from negative RMB 2.80 billion in the prior year.

• Basic and diluted EPS: RMB 1.323, up 107.69% year-over-year.

• Gross margin for main business: 17.17%, up 5.90 percentage points year-over-year.

Outlook and guidance

• The company will continue to focus on high-quality development, technological innovation, and risk management in the second half of 2026.

• Plans to further enhance production efficiency, digital transformation, and ESG practices.