招商轮船(601872) - 2017 Q2 - 季度业绩预告

Current Period Performance Forecast The company anticipates a significant year-over-year decrease in net profit attributable to shareholders for the first half of 2017, contrasting with the previous year's performance Performance Forecast Details The company forecasts a substantial 60-70% year-over-year decrease in net profit attributable to shareholders for H1 2017, based on preliminary unaudited estimates 2017 Half-Year Performance Forecast | Forecast Metric | Forecast Value | | :--- | :--- | | Performance Forecast Period | January 1, 2017 to June 30, 2017 | | YoY Change in Net Profit Attributable to Shareholders | Decrease 60%-70% | - This performance forecast is a preliminary estimate based on operating conditions and unaudited by a certified public accountant[2] Prior Period Performance Overview For H1 2016, the company reported a net profit of 1.572 billion yuan attributable to shareholders and 0.2967 yuan basic EPS, serving as a comparative baseline 2016 Half-Year Performance Review | Metric | Value | | :--- | :--- | | Net Profit Attributable to Shareholders | 157,217.12 Ten Thousand Yuan | | Earnings Per Share | 0.2967 Yuan | Analysis of Performance Decrease Reasons The anticipated decline in performance is primarily attributed to a significant drop in tanker freight rates and the absence of non-recurring subsidies received in the prior period Primary Reasons for Current Period Performance Decrease The performance decline is primarily due to a significant year-over-year drop in tanker freight rates and a reduction in non-recurring income from the absence of ship demolition and new construction subsidies - Market factors, including a significant year-over-year decline in tanker freight rates, negatively impacted main business revenue and profit[5] - Non-recurring gains and losses were impacted by the absence of special subsidies for ship demolition and new construction, resulting in a year-over-year decrease in other income[6] Other Explanatory Notes The company provides disclaimers regarding the preliminary nature of the forecast and advises investors on market volatility risks Risk Warning and Disclaimer The company emphasizes that the forecast data is preliminary, with final figures subject to the official H1 2017 report, and warns investors of significant market volatility risks - The forecast data represents a preliminary calculation, with final financial figures contingent on the officially disclosed 2017 half-year report[7] - Designated information disclosure media include "China Securities Journal," "Securities Times," and the Shanghai Stock Exchange website[7] - Investors are advised to consider the investment risks associated with severe volatility in the shipping and A-share markets[8]