High-priced orders being fulfilled, order books overflowing, and capacity tight—domestic shipyards enjoy a 'bumper harvest,' but exercise caution in securing new orders | Fax

① Reporters have learned that high-priced orders placed in 2023–2024 are gradually entering the delivery phase, and coupled with the continued decline in shipbuilding steel prices in recent years, shipyards’ gross margins may remain elevated over the next two years; ② Order backlogs are largely scheduled beyond 2030, with only a few large shipyards having limited availability during 2028–2029 to accommodate additional high-priced orders; ③ Newbuild tankers and bulk carriers will be the primary drivers of demand over the next two years.

cls.cnJul 12 15:17

Songfa Co., Ltd. (603268): Earnings Forecast Exceeds Expectations; Leading Private Shipbuilder Accelerates Profit Realization

Event: After market close on July 7, the company released its 2026 interim earnings pre-announcement. The interim earnings guidance exceeded expectations, with the company forecasting a 456.33% year-over-year increase in attributable net profit for H1 2026.

Zheshang SecuritiesJul 11 13:41

China Shares Fall on Renewed US-Iran Hostilities; Guangdong Songfa Ceramics Up 6%

MT NewswiresJul 8 15:37

Guangdong Songfa Ceramics Forecasts 456% Surge in H1 Profit; Shares Jump 6%

MT NewswiresJul 8 12:05

Songfa Co., Ltd. (603268): Q2 2026 earnings beat expectations; capacity expansion of scarce resources drives upward revision of long-term earnings

Event: The company issued a profit pre-announcement for H1 2026, expecting attributable net profit of approximately RMB 3.6 billion, an increase of 456% year-over-year. This implies attributable net profit of RMB 2.5 billion for Q2 2026, up 129% quarter-over-quarter and 275% year-over-year. The significant earnings growth is primarily driven by production

Shenwan Hongyuan ResearchJul 8 07:51

Songfa Co., Ltd.: Announcement of Projected Earnings Growth for the First Half of 2026

SZSIJul 8 00:00 · Announcements