Changes in Hong Kong stocks | China Shipbuilding Defense (00317) rose more than 6%. The company is a major key shipbuilding enterprise under China Shipbuilding Group and the country's core military manufacturer

The Zhitong Finance App learned that China Shipbuilding Defense (00317) rose by more than 6%. As of press release, it had risen 6.02% to HK$10.92, with a turnover of HK$152 million.

According to the news, China Shipbuilding Defense previously announced that revenue for the first quarter of 2025 was 3,641 billion yuan, up 29.73% year on year; net profit attributable to shareholders of listed companies was 184 million yuan, up 1099.85% year on year. The main reasons are the increase in the revenue and production efficiency of the company's marine products, the improvement in product gross profit, and the improvement in the operating performance of joint ventures and the increase in investment income.

China Aviation Securities pointed out that in the short term, during the current news vacuum period after the publication of the annual report and quarterly report, the impact of geopolitical changes such as the India-Pakistan conflict on the military sector will also increase more obvious in terms of influence and length of time. Fangzheng Securities pointed out that China Shipbuilding Defense is a large key shipbuilding enterprise under the China Shipbuilding Group and the country's core military manufacturing enterprise. It has sufficient orders on hand, and its profitability is expected to be steadily realized with the delivery of high-priced ships.