2017-07-18 16:00Financial Performance - The estimated net profit for the first half of 2017 is projected to be between RMB 800 million and RMB 900 million, representing a year-on-year decrease of approximately 51%-56%[2] - In the same period of 2016, the net profit attributable to shareholders was RMB 1.82035 billion[3] - The decrease in profit is primarily due to a 40%-60% decline in daily earnings across various ship types in the foreign trade oil transportation market[5] - The net profit from the ongoing oil and gas transportation business is expected to decrease by approximately 17%-27% year-on-year[5] - The previous year's profit included gains from the sale of the dry bulk business, which has been terminated, contributing approximately RMB 730 million to the net profit[4]