tiprankstipranks
Trending News
More News >

CSSC Offshore & Marine Engineering Reports 2024 Financial Results with Focus on Stable Dividends

Story Highlights
  • CSSC Offshore & Marine Engineering reported a turnover of RMB19.4 billion for 2024.
  • The company prioritizes stable cash dividends, ensuring at least 30% distribution over three years.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CSSC Offshore & Marine Engineering Reports 2024 Financial Results with Focus on Stable Dividends

The latest announcement is out from CSSC Offshore & Marine Engineering (Group) Company Limited Class H ( (HK:0317) ).

CSSC Offshore & Marine Engineering announced its audited financial results for the year ending December 31, 2024, reporting a turnover of RMB19.4 billion and a profit attributable to equity holders of RMB377 million. The company emphasizes a stable profit distribution policy, prioritizing cash dividends and ensuring that the cumulative profit distribution in cash over the last three years is not less than 30% of the average annual distributable profit, reflecting its commitment to shareholder returns and sustainable growth.

More about CSSC Offshore & Marine Engineering (Group) Company Limited Class H

CSSC Offshore & Marine Engineering (Group) Company Limited is a joint stock limited liability company incorporated in the People’s Republic of China, operating in the offshore and marine engineering industry. The company focuses on providing engineering services and products related to offshore and marine operations, with a market focus on sustainable and stable investment returns for shareholders.

Technical Sentiment Signal: Sell

Current Market Cap: €3.18B

For a thorough assessment of 0317 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App