CMES(SH:601872)2026-01-08 10:20Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between RMB 600,000 to 660,000 million, an increase of RMB 89,300 to 149,300 million, representing a year-on-year growth of 17% to 29%[3]. - For Q4 2025, the expected net profit attributable to shareholders is projected to increase by RMB 96,200 to 156,200 million, reflecting a growth of 55% to 90% compared to the same period last year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 is anticipated to be between RMB 500,500 to 560,500 million, with a potential increase of RMB -1,000 to 59,000 million, indicating a year-on-year change of -0.2% to 12%[3]. - In Q4 2025, the net profit after deducting non-recurring gains and losses is expected to rise by RMB 37,700 to 97,700 million, which corresponds to a growth of 22% to 57% compared to the same quarter last year[4]. - The total profit for the previous year was RMB 595,234 million, with a net profit attributable to shareholders of RMB 510,745 million[5]. - The company reported earnings per share of RMB 0.63 for the previous year[6]. Growth Drivers - The primary reason for the expected growth in 2025 is the oil tanker fleet capitalizing on market recovery, with an anticipated increase in operating profit of 200% to 230% in Q4[7]. - The company expects significant growth in non-recurring gains during the reporting period, driven by factors such as the disposal of old vessels and gains from the acquisition of Antong shares[8]. - The dry bulk and ro-ro fleets are projected to experience a temporary decline in operating profits during the reporting period[9]. Forecast Validity - The performance forecast has not been audited by registered accountants, and the company emphasizes that there are no significant uncertainties affecting the accuracy of this forecast[10].