China COSCO Holdings Company Limited provided earnings guidance for the full year ended December 31, 2012. For the year, the company is expected to record a significant net loss attributable to the shareholders of the Company based on the preliminary estimation made by the Company's finance division. The profit attributable to the equity holders of the Company for the year ended 31 December 2011 was RMB 10,448,856,161.20, with basic earnings per share of RMB 1.02.

The Board believes that the expected loss for the year ended 31 December 2012 mentioned above is primarily due to the imbalance between supply and demand in the international shipping market.