Changes in Hong Kong stocks | China Shipbuilding Defense (00317) rose more than 3% in the third quarter, net profit returned to mother increased 146% year-on-year, and production schedule growth supported mid-term delivery

The Zhitong Finance App learned that China Shipbuilding Defense (00317) rose more than 3% in the intraday period. As of press release, it had risen 1.18% to HK$12.82, with a turnover of HK$9.266,800.

According to the news, China Shipbuilding Defense recently released its results for the third quarter of 2026. According to Shen Wan Hongyuan's research report, China Shipbuilding Defense 26Q3 achieved operating income of 4.64 billion yuan, an increase of 12% over the previous year, net profit to mother of 317 million yuan, an increase of 146% year on year, and investment income (mainly from Guangzhou Shipbuilding International) of 264 million yuan, an increase of 112.1% year on year. Net profit from 26Q3 was within the previous pre-increase range (263-413 million yuan), and the results were in line with expectations.

On the industry side, Shen Wan Hongyuan calculated based on Clarkson data. Under the equity scale, China Shipbuilding Defense had orders of about 10.8 billion US dollars at the end of September, and civilian ship deliveries (CGT caliber) are expected to increase 11%/24%/44% year on year from 26 to 28. Recently, orders for regional container ships, refined oil and chemical tankers, and automobile carriers have continued to land, and reserves of high-value-added ship types have been further strengthened. Order reserves and yearly increasing production schedules provide a basis for revenue recognition. Early high-priced orders are delivered one after another, driving the rapid release of profits from shipbuilding businesses and joint shipyards.