2016-04-19 16:00Financial Performance - The estimated net profit for the first quarter of 2016 is approximately RMB 155 million, representing a significant increase compared to the same period last year[2] - The net profit for the first quarter of 2015 was RMB 65.95 million, with a basic earnings per share of RMB 0.0180[3] Revenue and Expenses - The increase in profit is attributed to high international oil transportation prices, leading to a rise in operating revenue[4] - Fuel prices saw a significant year-on-year decline, resulting in a notable reduction in fuel expenses for the company[5] Financial Management - The redemption of "Zhonghai Convertible Bonds" in February 2015 reduced the company's interest-bearing liabilities[5] - Multiple interest rate cuts by the People's Bank of China in 2015 further decreased the group's financial expenses[5] Reporting and Confirmation - The financial data provided is preliminary and subject to confirmation in the official first quarter report[5]