CSSC Offshore & Marine Engineering Group Co 600685.SS · CNY
Industrials · Shanghai · 🇨🇳 China
25.93
-0.27%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥20.55bn
FY2016FY2025
Net income
CN¥1.01bn
FY2016FY2025
Free cash flow
−CN¥607.4m
FY2016FY2025
Shareholders' equity
CN¥18.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥20.55bn | CN¥19.40bn | CN¥16.15bn | CN¥12.80bn | CN¥11.67bn | CN¥11.61bn | CN¥21.83bn | CN¥19.21bn | CN¥22.92bn | CN¥23.35bn |
| Gross profit | CN¥2.07bn | CN¥1.36bn | CN¥885.0m | CN¥916.0m | CN¥1.01bn | CN¥397.8m | CN¥683.4m | −CN¥214.2m | CN¥1.03bn | CN¥1.23bn |
| Research and development | CN¥903.3m | CN¥888.5m | CN¥658.5m | CN¥576.3m | CN¥617.5m | CN¥590.4m | CN¥557.8m | CN¥497.6m | CN¥408.2m | CN¥656.7m |
| Operating income | CN¥395.1m | CN¥390.3m | CN¥70.2m | CN¥694.8m | CN¥104.2m | CN¥3.61bn | −CN¥1.30bn | −CN¥2.95bn | −CN¥829.2m | −CN¥18.1m |
| Net income | CN¥1.01bn | CN¥377.3m | CN¥48.1m | CN¥688.5m | CN¥79.4m | CN¥3.66bn | CN¥548.3m | −CN¥1.87bn | −CN¥50.5m | CN¥71.2m |
| Diluted earnings per share | 0.71 | 0.27 | 0.03 | 0.49 | 0.06 | 2.59 | 0.39 | -1.32 | -0.04 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥56.02bn | CN¥53.60bn | CN¥50.86bn | CN¥46.48bn | CN¥44.27bn | CN¥38.94bn | CN¥52.30bn | CN¥47.48bn | CN¥44.16bn | CN¥46.27bn |
| Cash and short-term investments | — | CN¥15.26bn | CN¥16.43bn | CN¥14.84bn | CN¥12.84bn | CN¥9.82bn | CN¥14.37bn | CN¥10.35bn | CN¥12.01bn | CN¥12.35bn |
| Total liabilities | CN¥34.33bn | CN¥32.43bn | CN¥31.26bn | CN¥27.73bn | CN¥25.59bn | CN¥21.39bn | CN¥36.76bn | CN¥33.12bn | CN¥32.21bn | CN¥35.86bn |
| Debt | CN¥2.22bn | CN¥4.80bn | CN¥4.22bn | CN¥6.69bn | CN¥6.23bn | CN¥7.15bn | CN¥14.59bn | CN¥13.06bn | CN¥15.30bn | CN¥14.46bn |
| Shareholders' equity | CN¥18.23bn | CN¥17.82bn | CN¥16.42bn | CN¥15.59bn | CN¥15.52bn | CN¥14.43bn | CN¥10.15bn | CN¥9.73bn | CN¥10.41bn | CN¥10.35bn |
| Shares outstanding | 1,414m | 1,414m | 1,414m | 1,414m | 1,416m | 1,413m | 1,414m | 1,413m | 1,414m | 1,411m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥322.2m | −CN¥2.20bn | CN¥3.31bn | CN¥2.02bn | CN¥4.37bn | −CN¥1.02bn | CN¥3.74bn | −CN¥1.54bn | −CN¥847.2m | −CN¥3.76bn |
| Capital spending | −CN¥285.2m | −CN¥203.2m | −CN¥554.3m | −CN¥240.7m | −CN¥293.7m | −CN¥455.6m | −CN¥870.3m | −CN¥785.5m | −CN¥630.3m | −CN¥803.0m |
| Free cash flow | −CN¥607.4m | −CN¥2.40bn | CN¥2.76bn | CN¥1.77bn | CN¥4.07bn | −CN¥1.48bn | CN¥2.87bn | −CN¥2.33bn | −CN¥1.48bn | −CN¥4.56bn |
| Dividends paid | −CN¥317.5m | −CN¥137.3m | −CN¥123.8m | −CN¥195.1m | −CN¥234.6m | −CN¥155.0m | −CN¥377.2m | −CN¥431.0m | −CN¥424.3m | −CN¥753.5m |
Latest quarters
By quarter end
| Sept 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.64bn | CN¥5.43bn | CN¥5.69bn | CN¥6.23bn | CN¥4.14bn | CN¥6.53bn | CN¥3.64bn | CN¥6.72bn |
| Gross profit | CN¥564.5m | CN¥700.1m | CN¥490.1m | CN¥442.1m | CN¥671.7m | CN¥495.2m | CN¥394.5m | CN¥252.8m |
| Operating income | CN¥92.2m | CN¥173.6m | CN¥150.4m | CN¥31.4m | CN¥4.6m | CN¥432.5m | CN¥221.8m | CN¥189.6m |
| Net income | CN¥316.9m | CN¥440.5m | CN¥396.2m | CN¥353.1m | CN¥128.7m | CN¥341.9m | CN¥184.5m | CN¥190.0m |
| Diluted earnings per share | 0.22 | 0.31 | 0.28 | 0.25 | 0.09 | 0.24 | 0.13 | 0.13 |
| Cash from operations | — | — | — | — | −CN¥1.59bn | CN¥1.17bn | CN¥359.0m | CN¥2.70bn |
| Capital spending | −CN¥713.0m | −CN¥138.0m | −CN¥69.0m | −CN¥101.0m | −CN¥77.0m | −CN¥55.0m | −CN¥50.0m | −CN¥76.0m |
| Free cash flow | — | — | — | — | −CN¥1.67bn | CN¥1.12bn | CN¥309.0m | CN¥2.63bn |
| Total assets | CN¥62.54bn | CN¥60.77bn | CN¥55.68bn | CN¥56.02bn | CN¥55.88bn | CN¥56.31bn | CN¥54.88bn | CN¥53.60bn |
| Cash and short-term investments | — | — | — | — | CN¥13.72bn | CN¥16.38bn | CN¥15.37bn | CN¥15.26bn |
| Debt | CN¥1.46bn | CN¥1.45bn | CN¥1.62bn | CN¥2.22bn | CN¥5.87bn | CN¥3.70bn | CN¥8.00bn | CN¥4.65bn |
| Shareholders' equity | CN¥20.04bn | CN¥18.99bn | CN¥18.23bn | CN¥18.23bn | CN¥17.97bn | CN¥17.69bn | CN¥17.12bn | CN¥17.82bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.1% | 7.0% | 5.5% | 7.2% | 8.6% | 3.4% |
| Operating margin | 1.9% | 2.0% | 0.4% | 5.4% | 0.9% | 31.1% |
| Net margin | 4.9% | 1.9% | 0.3% | 5.4% | 0.7% | 31.5% |
| Return on equity | 5.5% | 2.1% | 0.3% | 4.4% | 0.5% | 25.4% |
| Return on assets | 1.8% | 0.7% | 0.1% | 1.5% | 0.2% | 9.4% |
| Free cash flow yield | -0.1% | -4.9% | 9.6% | 5.6% | 11.5% | -1.4% |
| Revenue growth | 5.9% | 20.2% | 26.2% | 9.6% | 0.5% | -46.8% |
| Earnings growth | 167.3% | 684.9% | -93.0% | 767.2% | -97.8% | 567.9% |
| Current ratio | 1.14x | 1.22x | 1.13x | 1.06x | 1.15x | 1.18x |
| Debt to equity | 0.12x | 0.26x | 0.25x | -0.35x | 0.33x | 0.13x |
| Equity ratio | 32.5% | 33.3% | 32.3% | 33.5% | 35.1% | 37.1% |
| Interest coverage | 3.52x | 3.04x | 0.55x | 3.87x | 0.67x | 20.43x |
| R&D as a share of sales | 4.4% | 4.6% | 4.1% | 4.5% | 5.3% | 5.1% |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | 0.2% | -0.2% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.1% | 12.1% | -2.1% |
| Operating income | -17.2% | -35.7% | 7.9% |
| Net income | 13.6% | -22.7% | 26.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.6% | 7.6% | 7.2% | 4.6% |
| Operating margin | 2.0% | 2.3% | 5.7% | 0.2% |
| Net margin | 3.5% | 3.1% | 6.4% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 39.9 | 88.8 | — | 42.6 | 416.1 | 10.3 | 38.0 | -7.2 | -746.6 | — |
| Price to sales | 2.0 | 1.7 | 2.2 | 2.3 | 2.8 | 3.2 | 1.0 | 0.7 | 1.6 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 16 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.135 | 0.15 | 0.023 | 0.01 | 0.138 | 0.166 | 0.016 | 0.03 |
- 13-for-10 split · 20 Jul 2011
- 1-to-1 reverse split · 24 May 2006
- 11-for-10 split · 12 Jun 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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