CSBC (2208) Q1 2026 earnings summary

Executive summary

• Report covers consolidated financials for the three months ended March 31, 2025 and 2024, reviewed by independent auditors with no material misstatements identified.

• The group operates primarily in shipbuilding, vessel repair, machinery, and related engineering services.

Financial highlights

• Q1 2025 revenue was NT$3,909,986 thousand, up 4% year-over-year from NT$3,744,142 thousand.

• Net loss for Q1 2025 was NT$831,631 thousand, compared to a net loss of NT$344,654 thousand in Q1 2024.

• Basic loss per share was NT$0.65, compared to NT$0.28 in the prior year.

• Gross margin declined to -29% from -10% year-over-year.

• Operating loss increased to NT$1,257,165 thousand from NT$515,843 thousand year-over-year.

Outlook and guidance

• Unfulfilled contract obligations as of March 31, 2025 totaled NT$146.5 billion, expected to be recognized as revenue through October 2031.

• Management continues to focus on capital structure improvement and fulfilling large-scale contracts in shipbuilding and offshore wind sectors.