According to Shen Wan Hongyuan's research, China Shipbuilding expects 26H1 to achieve net profit of 92-11 billion yuan, an increase of 144-191% over the previous year; corresponding to 26Q2, net profit to mother of 44-6.2 billion yuan in a single quarter, an increase of 140%-239% over the previous year. The median value of the 26Q2 pre-increase range was 5.268 billion yuan, close to the forecast of 5.394 billion yuan in the forward-looking report. The results were in line with expectations. The company has sufficient orders and a balanced ship structure. The current delivery pace is speeding up, and high-priced orders continue to be fulfilled. New shipbuilding prices in the industry remain high and are still showing momentum, and the company's long-term performance is expected to improve. The current PO is only 0.53 times, which is at a low level of the cycle and maintains a “buy” rating.

According to Shen Wan Hongyuan's research, China Shipbuilding expects 26H1 to achieve net profit of 92-11 billion yuan, an increase of 144-191% over the previous year; corresponding to 26Q2, net profit to mother of 44-6.2 billion yuan in a single quarter, an increase of 140%-239% over the previous year. The median value of the 26Q2 pre-increase range was 5.268 billion yuan, close to the forecast of 5.394 billion yuan in the forward-looking report. The results were in line with expectations. The company has sufficient orders and a balanced ship structure. The current delivery pace is speeding up, and high-priced orders continue to be fulfilled. New shipbuilding prices in the industry remain high and are still showing momentum, and the company's long-term performance is expected to improve. The current PO is only 0.53 times, which is at a low level of the cycle and maintains a “buy” rating.