Nanjing Tanker Corp forecasts significant profit decline

Nanjing Tanker Corp (SSE:601975) has announced a preliminary forecast indicating a substantial decrease in its net profit attributable to shareholders for the first half of 2025. The company estimates net profit to range between CNY550 million and CNY590 million, marking a year-over-year decline of 51.66% to 54.93%. Similarly, the estimated net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between CNY546 million and CNY586 million, a decrease of 42.99% to 46.88% compared to the same period last year. The primary factors contributing to this decline include the impact of multiple factors in the international refined oil transportation market, leading to a decrease in freight rates, and a reduction in gains from asset disposals.