The Zhitong Finance App learned that China Shipbuilding Defense (00317) fell by more than 7% in the afternoon. As of press release, it decreased by 7.50% to HK$12.95, with a turnover of HK$74.492 million.

According to the news, China Shipbuilding Defense recently released a performance forecast. The net profit for the first three quarters of 2026 is estimated to be 1.1 billion to 1.25 billion yuan, an increase of 67.91% to 90.80% over the previous year. According to calculations, the company's net profit for the third quarter is expected to be 263 million yuan to 413 million yuan, and net profit for the second quarter is 440 million yuan, which means that the third net profit is expected to drop 6% to 40% month-on-month.

Shen Wan Hongyuan released a research report saying that maintaining CSSC's “buy” rating, the bank maintained a profit forecast of 20/26/4.5 billion yuan for 2026-2028, with corresponding PE being 9/7/4 times; CSSC Defense's abundant on-hand orders and growing schedule scale year by year support improved mid-term performance, and high-price order delivery combined batch construction opens up long-term profit margin space.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.