Core Viewpoint - The stock price of China Merchants Energy Shipping Company (招商南油) has decreased slightly, reflecting challenges in its financial performance as indicated by its recent half-year report [1] Financial Performance - The company reported a revenue of 2.772 billion yuan for the first half of 2025, representing a year-on-year decline of 21.43% [1] - The net profit attributable to shareholders was 570 million yuan, down 53.28% compared to the previous year [1] Stock Activity - The stock price closed at 2.98 yuan, down 0.01 yuan from the previous trading day, with an intraday high of 3.02 yuan and a low of 2.96 yuan [1] - The trading volume reached 755 million yuan [1] Share Buyback Plan - The company announced a share buyback plan using its own funds, with a total amount between 250 million and 400 million yuan, and a maximum buyback price of 4.32 yuan per share [1] Company Overview - China Merchants Energy Shipping Company is a subsidiary of China Merchants Group, specializing in the transportation of crude oil, refined oil, chemicals, and gases [1] - The company currently operates 74 vessels with a total deadweight tonnage of 2.8461 million tons [1]