HK Stock Market Move | CSSC Offshore & Marine Engineering (00317) opens more than 8% higher, expected to see a year-on-year increase in net profit of over 10 times in the first quarter.

Cssc Offshore & Marine Engineering (00317) opened more than 8% higher, with a rise of 8.73% at the time of writing, trading at HK$8.97 with a turnover of HK$6.1175 million. In terms of news, Cssc Offshore & Marine Engineering announced that it expects to achieve a net profit attributable to the parent company owner of RMB 170 million to 200 million in the first quarter of 2025, an increase of 1005.77% to 1200.91% year-on-year. During the reporting period, the company focused on annual target tasks, deepened lean management, steadily improved ship product revenue and production efficiency, and improved product gross profit on a year-on-year basis; the operating performance of the company's joint ventures improved, confirming an increase in investment income year-on-year.