Tianhai Defense: It is expected that the net profit will increase by 51.57% to 116.53% compared to 2025.

Tianhai Defense announced that it is expected to have a net profit of 2.1 billion to 3 billion in 2025, an increase of 51.57% to 116.53% year-on-year. In 2025, the shipbuilding industry will continue to maintain a high level of prosperity, with the company's construction and delivery of bulk carriers, multipurpose vessels and other series of vessels continuing to increase. The company has also received continuous orders and delivery of marine engineering vessels. The main reasons for the increase in operating performance this year compared to the same period last year are as follows: 1. The revenue and gross profit margin of shipbuilding business have increased simultaneously. During the reporting period, the company focused on its overall strategy, closely monitored the annual production tasks, and effectively improved the production efficiency and delivery capabilities of series vessels through the implementation of standardized and modular production processes. This led to a simultaneous increase in revenue and gross profit margin of series vessels, driving an increase in operating performance year-on-year.