Nanjing Tanker addresses losses, reports Q3 earnings, secures financial pact

Nanjing Tanker Corp. plans to mitigate its accumulated losses of -CNY 1,574,105,638.87 as of December 31, 2024, using a combination of its retained earnings (CNY 3,193,890.66) and capital reserves (CNY 4,281,222,452.10). The capital reserves are primarily derived from shareholder debt repayment during bankruptcy restructuring and are unrestricted. This initiative aims to improve the company's equity structure and enhance investor returns.

In its Q3 2025 report, Nanjing Tanker announced a total operating revenue of CNY 4,268,420,384.68 for the first nine months, a decrease from CNY 5,008,074,591.48 in the prior year. Net profit attributable to shareholders for the period was CNY 947,055,887.54, down 42.81% from CNY 1,655,863,570.78 in the same period last year, with basic earnings per share at CNY 0.1972.

The company also entered a three-year "Financial Services Agreement" with China Merchants Group Finance Co., Ltd., which will provide deposit, settlement, credit, and foreign exchange services. The agreement caps daily deposit balances at HK$500m and loan balances at HK$1bn. This agreement, along with the loss-coverage plan and the Q3 report, received board approval and will be submitted for shareholder review.