COSCO SHIPPING Energy Transportation Co., Ltd. provided group earnings guidance for the year ended 31 December 2019. The Group expects to record a net profit attributable to the equity holders of the Company for the year ended 31 December 2019 in the range of RMB 400 million to RMB 480 million (equivalent to approximately HKD 456 million to HKD 547 million), as compared to a net profit attributable to the equity holders of the Company of approximately RMB 75 million (equivalent to approximately HKD 86 million) for the same period of 2018, representing a year-on-year increase in the range of approximately 433.3% to 540.0%. Based on the information currently available, the expected substantial growth of profit for the year ended 31 December 2019 was mainly attributable to: In the year of 2019, the growth of global demand for oil remained steady and the supply-demand relationship of oil shipping has improved; the overall performance of the international oil shipping market throughout the year first went low and then surged with the average daily time charter equivalent of the TD3C (Middle East Gulf to China) route for very large crude carrier recorded USD39,387 per day, representing a year-on-year increase of approximately 109%, and that of other major shipping routes of other types of vessels increased by approximately 77% to 199% year-on-year.