The company told the Shanghai stock exchangethat profit was CNY 27.7m ($4.43m) to 31 March.
Revenue rose 39.5%, however, reaching CNY5.95bn.
State shipbuilding group China CSSC has posted a 59.5% drop in net earnings for the first quarter.
The company told the Shanghai stock exchangethat profit was CNY 27.7m ($4.43m) to 31 March.
Revenue rose 39.5%, however, reaching CNY5.95bn.