The Zhitong Finance App learned that China Shipbuilding Defense (00317) rose more than 9% during the intraday period. As of press release, it had risen 4.23% to HK$11.34, with a turnover of HK$579.68,800.
According to the news, China Shipbuilding Defense recently announced the first quarter results. During the period, we achieved operating income of 2,807 billion yuan, an increase of 47.82% over the previous year; net profit attributable to mother was 15.37 million yuan, after deducting net profit of 25.23 million yuan, which turned a loss into a profit year on year, mainly contributing to a significant improvement in gross margin.
Zheshang Securities pointed out that in terms of civil shipping, the cyclical boom is rising, demand for orders for multiple ship types is rising, and shipyard profitability is improving. Due to shrinking supply and difficulties in expanding production, supply and demand are tight or driving ship prices to continue to reach new highs. The cycle is expected to fluctuate upward in the long term, the boom will continue, and the company's performance will be flexible. In terms of military ships, the “endogenous” Chinese Blue Army construction equipment has developed greatly, and the integration of “extended” assets has opened up the development ceiling.