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Chinese shipbuilder and offshore-engineering company under state-owned China State Shipbuilding Corporation.
Chinese shipbuilder and offshore-engineering company under state-owned China State Shipbuilding Corporation.
Is paid in instalments tied to milestones as a ship is built, under contracts signed one to three years ahead, so revenue follows the order book rather than the current ship price. It builds civilian ships, naval vessels and offshore structures. This is the Hong Kong listing of the same company that trades in Shanghai as 600685.SS.
In one line: A Chinese state-owned Huntington Ingalls-style shipbuilder.
Moat: narrow (scale, regulatory licence). State-owned CSSC parent gives scale, financing and shipyard-capacity advantages.
Headquarters: Shanghai, China · Founded: 1999 · Employees: 4,462
Size CSSC Offshore & Marine Engineering (Group) (0317.HK) is a Hong Kong Industrials company (Trucks/Construction/Farm Machinery) with a market value of $4.04B, the 295th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$12.31 on 6 Nov 2026.
Performance Over six months the shares fell 21.7%, against -9.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median +11.1%); the operating margin is 0.8% (peer median 7.7%).
Valuation It trades at 9.6× forward earnings against a peer median of 14.8× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.0 points below its cost of capital (5.7% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$24.9B | HK$22.3B | HK$21.0B | HK$17.8B | HK$14.9B |
| Revenue growth | — | +6% | +18% | +20% | — |
| Gross profit | HK$2.87B | HK$2.18B | HK$1.57B | HK$1.13B | HK$969M |
| EBITDA | n/a | HK$718M | HK$401M | HK$147M | -HK$46.1M |
| Net income | HK$1.71B | HK$1.09B | HK$409M | HK$53.1M | HK$801M |
| Free cash flow | HK$5.13B | -HK$394M | -HK$2.53B | HK$3.10B | HK$2.20B |
| Capital expenditure | HK$1.18B | HK$309M | HK$220M | HK$612M | HK$280M |
| Total debt | HK$5.47B | HK$9.17B | HK$8.78B | HK$10.1B | HK$10.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CSSC Offshore & Marine Engineering (Group) 0317.HK | $4.04B | -22% | +10% | 1% | 9.6× | 1.5% |
| China CSSC 600150.SS | $39.7B | -16% | +80% | 8% | 13.3× | -7.8% |
| Hd Hyundai Heavy Industries 329180.KS | $20.3B | -62% | +41% | 15% | 9.5× | -7.0% |
| SamsungHvyInd 010140.KS | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0317.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.4% | -1.5% | 6th lowest of 21 |
| 6-month return | -21.7% | -9.8% | 9th lowest of 21 |
| Distance from 52-week high | -31.6% | -28.2% | 10th lowest of 21 |
| Revenue growth (TTM) | +9.6% | +11.1% | 10th lowest of 21 |
| Operating margin | 0.8% | 7.7% | 2nd lowest of 21 |
| Forward P/E | 9.6× | 14.8× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 1.5% | 1.1% | 7th most demanding of 17 |
| Growth delivered (Del g) | +11.3% | +9.9% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | -9.9 pp | -11.7 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | -3.0 pp | +1.1 pp | 6th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CSSC Offshore & Marine Engineering (Group) 0317.HK | Hong Kong | $4.04B | -22% | +10% | 1% | 9.6× | 1.5% | +11.3% |
| Bucher Industries BUCN.SW | Switzerland | $3.93B | +4% | -4% | 7% | 19.1× | -2.9% | +1.2% |
| Stadler Rail SRAIL.SW | Switzerland | $3.84B | +38% | +26% | 5% | 19.8× | 0.2% | +3.6% |
| Doosan Bobcat 241560.KS | South Korea | $3.64B | -28% | +11% | 9% | 9.0× | -13.3% | +15.5% |
| Zhejiang Dingli Machinery 603338.SS | China | $4.57B | +9% | +29% | 22% | 14.8× | 1.6% | +23.7% |
| Hiab HIAB.HE | Finland | $3.52B | -5% | +6% | 12% | 16.9× | 15.5% | -13.7% |
| Seatrium 5E2.SI | Singapore | $4.77B | -19% | +11% | 4% | 13.0× | 4.0% | +50.0% |
| Cochin Shipyard COCHINSHIP.NS | India | $3.40B | -33% | -1% | 13% | 34.3× | n/a | n/a |
| Tiandi Science & Technology 600582.SS | China | $3.30B | -6% | -6% | 4% | 10.4× | n/a | n/a |
| China Railway Construction Heavy Industry 688425.SS | China | $3.29B | -13% | -1% | 12% | 12.4× | 1.9% | +5.7% |
| Fincantieri FCT.MI | Italy | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% | +9.1% |
| CITIC Heavy Industries 601608.SS | China | $3.15B | -24% | +5% | 4% | 45.9× | 14.5% | +5.1% |
| Modec 6269.T | Japan | $3.03B | -46% | +17% | 9% | 7.7× | -21.3% | +18.6% |
| Kongsberg Maritime KMAR.OL | Norway | $5.43B | -1% | +6% | 13% | 21.8× | 0.9% | +6.3% |
| Alstom ALO.PA | France | $5.56B | -40% | +4% | 4% | n/a | 2.7% | +16.9% |
| TKMS AG & Co. KGaA TKMS.DE | Germany | $5.57B | +8% | +15% | 5% | 39.8× | n/a | n/a |
| Construcciones y Auxiliar de Ferrocarriles CAF.MC | Spain | $2.92B | +21% | +12% | 6% | 13.5× | 1.0% | +10.2% |
| Craftsman Automation CRAFTSMAN.NS | India | $2.90B | +21% | +36% | 10% | 44.5× | n/a | n/a |
| Hyundai Rotem 064350.KS | South Korea | $5.75B | -73% | +12% | 15% | 9.7× | -4.0% | +16.0% |
| Sany Heavy Equipment International 0631.HK | Hong Kong | $2.82B | -46% | +19% | 6% | 8.9× | 1.4% | +26.1% |
| Hd Ce 267270.KS | South Korea | $2.80B | -56% | +115% | 8% | 8.6× | -9.6% | +9.6% |