COMEC

CSSC Offshore & Marine Engineering (317.HK) opened higher and rallied throughout the session, closing at HK$12.70, up 4.27%, driven by its Q1 2026 earnings announcement on April 25 which showed net profit surged 127.35% YoY to HK$449 million, revenue up 65.27% YoY, and EPS up 127.38% YoY. The stock hit an intraday high of HK$12.91 on higher volume of 3.896 million shares and turnover of HK$49.39 million. However, the current price remains 29.83% below its 52-week high of HK$18.10, below both the 20-day MA (HK$13.044) and 60-day MA (HK$14.403), and is down 3.57% year-to-date. Recent news includes the AGM passing all resolutions and confirming the final dividend, as well as strategic cooperation agreements signed between major state-owned banks and China State Shipbuilding Corporation.