China Shipbuilding Industry Group Power: In the first quarter, Net income increased by 349% year-on-year.

China Shipbuilding Industry Group Power (600482.SH) announced that in the first quarter of 2025, revenue reached 12.311 billion yuan, an increase of 7.98% year-on-year; Net income attributable to shareholders of the listed company was 0.396 billion yuan, an increase of 348.96% year-on-year. The main reasons include the rising prosperity of the Global Ship market, a significant increase in the production and sales volume of the diesel engine Sector, and the company's cost engineering efforts to reduce costs and increase efficiency, leading to an improvement in gross margin.