China Merchants Energy Shipping Co., Ltd. provided earnings guidance for the first quarter of 2020. For the quarter, the Company predicts an increase of between RMB 900 million and RMB 1,100 million in its net profit owned by shareholders of the listed company and an increase of between 320% and 391% compared with the same period of the year before (no merger adjustment under same control). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 900 million and RMB 1,100 with an increase of between 334% and 408% compared with the same period of the year before (no merger adjustment under same control).