招商轮船(601872) - 2018 Q2 - 季度业绩预告

Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2018 to be between 91.9 million and 110 million yuan, representing a year-on-year decrease of 78.73% to 82.23%[1]. - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is expected to decrease by 40.653 million to 42.493 million yuan, a decline of 78.62% to 82.18% compared to the same period last year[3]. - The net profit for the same period last year was 517.15 million yuan, with a net profit after deducting non-recurring gains and losses also at 517.08 million yuan[4]. Market Conditions - The significant decrease in performance is primarily due to a deep downturn in the international tanker market, despite the VLCC fleet achieving freight rates that significantly outperformed market indices[5]. - The dry bulk fleet's profitability has significantly increased due to the recovery of the bulk cargo market and the continuous expansion of the VLOC fleet[5]. Asset Management - The asset acquisition project initiated in 2017 is expected to complete its delivery in July 2018, with the profit or loss from the acquired assets not reflected in the first half of 2018[5]. Forecast and Reporting - The performance forecast has not been audited by registered accountants, and the company emphasizes that there are no significant uncertainties affecting the accuracy of the forecast[6]. - The forecast data is preliminary and the specific financial data will be disclosed in the formal half-year report[7].