COSL(SH:601808)2018-01-23 16:00Financial Performance - The company expects a net profit of approximately RMB 33 million for the year 2017[3] - After excluding non-recurring items, the company anticipates a net loss of approximately RMB 483 million[4] - In comparison, the previous year's net loss attributable to shareholders was RMB 11,456 million[5] Non-Recurring Items - Non-recurring gains, including financial product income and government subsidies, are estimated to impact net profit by around RMB 516 million[3] - Non-recurring income in 2016 was RMB 215 million, indicating a substantial increase in 2017[7] Operational Improvements - The company achieved a significant increase in operating profit due to improved equipment utilization and increased service workload in oilfield technology[7] - The company implemented cost reduction and efficiency enhancement measures, optimizing its cost structure[7] Forecast Accuracy - There are no major uncertainties affecting the accuracy of this earnings forecast[8] - The data provided is preliminary and subject to final audited financial statements[9] Announcement Details - The announcement was made by the Board of Directors on January 24, 2018[11]