2017-01-25 16:00Financial Performance - The company expects a net loss of approximately 9.9 billion RMB for the fiscal year 2016[4] - In Q4 2016, the company anticipates an EBIT of around 700 million RMB, excluding the impact of ship disposal losses[4] - The previous year's net profit (2015) was approximately 283.39 million RMB, with an earnings per share of 0.03 RMB[5] - The company incurred a net loss of 2.43 billion RMB from the disposal of 100% equity in China Cosco Shipping (Group) Co., Ltd. and Floroholdings Ltd.[8] - The net loss from the retirement and sale of vessels amounted to approximately 1.05 billion RMB[8] - Prior to its disposal, China Cosco Shipping (Group) Co., Ltd. reported a net profit of -762 million RMB[8] Market Conditions - The main reasons for the expected loss include slow global container shipping demand growth and an oversupply of capacity, leading to a significant imbalance in the shipping market[6] - The Baltic Dry Index (BDI), Shanghai Containerized Freight Index (SCFI), and China Containerized Freight Index (CCFI) all reached historical lows in 2016[6] - The company's container shipping revenue growth was lower than the growth in transported container volume due to market conditions[6] Investor Caution - The company warns investors to be cautious as the above figures are preliminary and subject to change upon the release of the audited annual report[7]