中国船舶：前三季度归母净利润同比预增144.42%至170.85%

Core Viewpoint - China Shipbuilding (600150) expects a significant increase in net profit for the first three quarters of 2025, indicating strong operational performance and industry growth [1] Financial Performance - The company anticipates a net profit attributable to shareholders of between 5.55 billion and 6.15 billion yuan, representing a year-on-year increase of 104.30% to 126.39% compared to the previous year’s restated figures [1] - Compared to the previously disclosed figures, the expected profit increase is between 144.42% and 170.85% [1] Operational Focus - During the reporting period, the company focused on its core business, ensuring production safety while enhancing production efficiency and delivery capabilities [1] - The company has improved its lean management practices, leading to steady increases in production efficiency [1] Industry Context - The overall shipbuilding industry is maintaining a positive development trend, with the company benefiting from an upgraded and optimized order structure [1] - The number and price of civilian ships delivered during the reporting period have increased year-on-year, alongside effective cost control measures that have led to improved gross profit margins [1] - The performance of joint ventures has also shown continuous improvement [1]