CMES(SH:601872)2015-10-08 16:00Financial Performance - The net profit attributable to shareholders for the first three quarters of 2015 is expected to increase by 400%-430% compared to the same period last year[2] - The net profit for the first three quarters of 2014 was 313.07 million RMB[4] - The earnings per share for the first three quarters of 2014 was 0.0663 RMB[4] Market Conditions - The growth in performance is primarily due to a sustained boom in the oil tanker transportation market[6] Strategic Initiatives - The company established a joint venture, China VLCC, and acquired new VLCC tankers, significantly increasing effective oil tanker capacity[6] - The company received a special subsidy of 741.03 million RMB for ship scrapping and renewal on September 17, 2015[6]