Securities code: China Merchants Energy Shipping Co.Ltd(601872) securities abbreviation: China Merchants Energy Shipping Co.Ltd(601872) Announcement No.: 2022 [021]
China Merchants Energy Shipping Co.Ltd(601872)
Announcement of performance increase in the first quarter of 2022
The board of directors and directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
The net profit attributable to the listed company in the first quarter is expected to increase by less than 1.32 billion yuan (hereinafter referred to as “12.5 billion yuan”) in the first quarter of 2022.
It is estimated that the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses is 1.222 ~ 1.351 billion yuan, with a year-on-year increase of 230% – 265%.
1、 Performance forecast of the current period
(I) performance forecast period
January 1, 2022 to March 31, 2022.
(II) performance forecast
1. According to the preliminary calculation of the company’s financial department, the net profit attributable to the shareholders of the listed company in the first quarter of 2022 is expected to increase by 847.77 million yuan to 976.77 million yuan, with a year-on-year increase of 222% ~ 256% compared with the same period of the previous year (without merger adjustment under the same control).
2. It is estimated that the net profit attributable to the shareholders of the listed company in the first quarter of 2022 will increase by 65.212 million yuan to 78.112 million yuan, a year-on-year increase of 113% ~ 125% compared with the same period of the previous year (merger and adjustment under the same control).
3. It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses increased by 85.165 million yuan to 98.065 million yuan compared with the same period of the previous year (before and after the merger and adjustment under the same control), with a year-on-year increase of 230% ~ 265%.
2、 Performance in the same period of last year
1. In the first quarter of 2021, the company realized a net profit of 382.23 million yuan attributable to the shareholders of the listed company; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 370.35 million yuan.
2. Earnings per share: 0.06 yuan.
3、 Reasons for performance increase in the current period
The expected increase in performance in the first quarter of 2022 is mainly due to:
1. Although the dry bulk cargo and container shipping market is impacted by covid-19 epidemic, Russia Ukraine war and Chinese Spring Festival, the market still maintains a high outlook in the off-season. The layout of the company’s dry bulk cargo fleet is reasonable, the operation performance is excellent, the performance outperforms the market index, and the operation profit is basically the same as that in the peak season of the third quarter of last year; The container market in the Asian region fluctuated at a high level, and the company’s container fleet continued to reflect its excellent operating capacity, with a year-on-year increase in net profit of about 182%.
2. The investment income of LNG ship business is stable and not affected by changes in the external environment.
3. Due to the outbreak of the Russian Ukrainian war and the evolution of the crisis, the international tanker market shows a recovery momentum. Recently, small and medium-sized ship types have driven the recovery of freight rate in VLCC market, and the aframax market has soared. The company’s tanker business is expected to record only a small loss in the first quarter.
4、 Risk tips
The company’s expected performance this time has not been audited by certified public accountants, and the certified public accountants have not issued special instructions on whether the company’s performance increase in this period is appropriate and prudent. The financial department of the company conducts preliminary accounting based on its own professional judgment, and there are no major uncertain factors affecting the accuracy of the performance forecast.
5、 Other explanatory matters
The above forecast data are only preliminary accounting data, and the specific and accurate financial data shall be subject to the first quarter report of 2022 officially disclosed by the company.
Please pay attention to investment risks.
It is hereby announced.
China Merchants Energy Shipping Co.Ltd(601872) board of directors April 11, 2022
