공고 • Jul 11
COSCO SHIPPING Energy Transportation Co., Ltd. Provides Preliminary Consolidated Earnings Guidance for the Six Months Ended 30 June 2026 COSCO SHIPPING Energy Transportation Co., Ltd. provided consolidated earnings guidance for the six months ended 30 June 2026. The board informed that based on the preliminary assessment by the Board of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2026, the Group expects to record a net profit attributable to the equity holders of the Company for the six months ended 30 June 2026 of approximately RMB 4.5 billion (equivalent to approximately HKD 5.187 billion), representing a period-on-period increase of approximately RMB 2.6 billion or approximately 141% as compared to a net profit attributable to the equity holders of the Company of approximately RMB 1.87 billion (restated) (equivalent to approximately HKD 2.156 billion) for the six months ended 30 June 2025. The expected increase in the net profit attributable to the equity holders of the Company for the six months ended 30 June 2026 as compared to the corresponding period of 2025 was mainly attributable to the following factors: From January to June 2026, the prosperous trend in the international oil shipping market continued to strengthen. The supply-demand fundamentals in the global compliant market remained tight. Rising industry concentration, combined with geopolitical risk premiums, further lifted the freight rate benchmark. In the first half of 2026, freight rates for all vessel types were significantly higher than those for the corresponding period of 2025. On 28 February 2026, there was a significant change in the navigational situation of the Strait of Hormuz (the "Strait"), and certain vessels of the Group located within the Strait chose to wait in stages to ensure the safety of the crew, cargo and vessels. As of late June 2026, all of the above vessels had safely sailed out of the Strait, and the Group prudently considered the potential factors of this incident, including operational losses, contract disputes, and freight recovery, as well as its impact on the second-quarter performance, based on actual circumstances and accounting standards. In response to the external shocks brought about by geopolitical events, the Group has made coordinated efforts to ensure safety and stable business operations by focusing on the following aspects: Immediately activated the regional emergency response plan for the Middle East,
making every effort to ensure the personal safety of the crew and adequate supplies, and effectively safeguarding the safety of the vessels and the cargo on board; Continued to maintain efficient communication with customers, promptly adjusted routes to provide customers with solutions, stabilized the pace of production and operations,
and ensured business continuity. 공고 • Jan 09
COSCO Shipping Energy Transportation Co., Ltd. Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2024 COSCO SHIPPING Energy Transportation Co., Ltd. provided unaudited consolidated earnings guidance for the year ended 31 December 2024. For the year, the company expects a net profit attributable to the equity holders of the Company for the year ended 31 December 2024 of approximately RMB 3.96 billion (equivalent to approximately HKD 4.21 billion), representing a period-on-period increase of approximately RMB 580 million or approximately 17.2% as compared to a net profit attributable to the equity holders of the Company of approximately RMB 3.38 billion (restated) (equivalent to approximately HKD 3.60 billion) for the year ended 31 December 2023. Before the restatement, the Group achieved a net profit attributable to the equity holders of the Company of approximately RMB 3.35 billion (equivalent to approximately HKD 3.56 billion) for the year ended 31 December 2023. In 2024, the Group completed the transaction of acquisition of equity interests in chemical supply chain related companies from the indirect controlling shareholder of the Company and its subsidiaries, further details of which are set out in the announcements of the Company dated 15 October 2024 and 8 November 2024. In accordance with the accounting standards and periodic report requirements, the Group restated the figures for the corresponding period of the year ended 31 December 2023. After the restatement, the Group achieved a net profit attributable to the equity holders of the Company of approximately RMB3.38 billion (equivalent to approximately HKD 3.60 billion) for the year ended 31 December 2023. The expected increase in the net profit attributable to the equity holders of the Company for the year ended 31 December 2024 as compared to the corresponding period of 2023 was mainly attributable to the following factors: 1. In 2024, the international oil shipping market as a whole continued to show a relatively prosperous trend, with the seasonal characteristics becoming less pronounced. Reference to the data from the Baltic Exchange, the average time-charter equivalent (TCE) of very large crude carriers (VLCCs) on the Middle East-China route (TD3C), for example, was USD 34,896 per day in 2024, representing a decrease of approximately 3% as compared to the corresponding period of 2023. In the first half of 2024, small- and medium-sized tankers chose to detour due to the Red Sea crisis, and the freight rates of product oil tankers experienced a phased high level; while in the second half of 2024, as some crude oil shipping capacities shifted to the product oil tanker sector, the freight rates of product oil tankers dropped rapidly and continued to decline. The Group accurately assessed market trends and deployed shipping capacity in a stable manner, ensuring that the overall operation of the tanker fleet maintained a good performance: the first aspect is to firmly grasp the core domestic transportation business and actively follow the transshipment needs of foreign trade customers, strengthening the competitiveness and stable efficiency in the domestic market; the second aspect is to dynamically implement the linkage of domestic and foreign markets, as well as crude and product segments, and pay attention to the different trends in various niche markets, ensuring the maximization of fleet profits through reasonable allocation of shipping capacity; the third aspect is to deepen the global layout and increase the participation in emerging markets. The Group focuses on the planning of shipping capacity for key routes and regions, actively participates in pipeline ancillary transportation projects, and obtains diversified operating income. In 2024, the Group's net profit from non-recurring profit and loss items such as disposal of vessels, government subsidies and estimated losses was approximately RMB 0.01 billion, as compared to the net loss from non-recurring profit and loss items of approximately RMB 0.75 billion (restated) for the corresponding period of 2023. 공고 • Jan 24
Cosco Shipping Energy Transportation Co., Ltd. Provides Earnings Guidance for Year Ended 31 December 2023 COSCO SHIPPING Energy Transportation Co., Ltd. expected to record a net profit attributable to the equity holders of the Company for the year ended 31 December 2023 of approximately RMB 3.10 billion to RMB 3.90 billion (equivalent to approximately HKD 3.407 billion to HKD 4.286 billion), representing a period-on-period increase of approximately RMB 1.639 billion to RMB 2.439 billion or approximately 112.18% to 166.94% as compared to a net profit attributable to the equity holders of the Company of approximately RMB 1.461 billion (restated) (equivalent to approximately HKD 1.605 billion) for the year ended 31 December 2022. 공고 • Jul 07
Cosco Shipping Energy Transportation Co., Ltd. Provides Earnings Guidance for the Six Months Ended 30 June 2023 COSCO SHIPPING Energy Transportation Co., Ltd. provided earnings guidance for the six months ended 30 June 2023. For the period, the Group expects to record a net profit attributable to the equity holders of the Company for the six months ended 30 June 2023 of approximately RMB 2.65 billion (equivalent to approximately HKD 2.88 billion), representing a period-on-period increase of approximately RMB 2.473 billion or approximately 1,397.2% as compared to a net profit attributable to the equity holders of the Company of approximately RMB 177 million (restated) (equivalent to approximately HKD 192 million) for the same period of 2022. 공고 • Jan 31
COSCO SHIPPING Energy Transportation Co., Ltd. Provides Financial Guidance for the Year Ended 31 December 2022 COSCO SHIPPING Energy Transportation Co., Ltd. provided financial guidance for the year ended 31 December 2022. The Group expects to record a net profit attributable to the equity holders of the Company for the year ended 31 December 2022 in the range of approximately RMB 1.28 billion to approximately RMB 1.58 billion (equivalent to approximately HKD 1.49 billion to approximately HKD 1.84 billion), as compared to a net loss attributable to the equity holders of the Company of approximately RMB 4.99 billion (equivalent to approximately HKD 5.80 billion) for the year ended 31 December 2021.