COSCO SHIPPING Development Co., Ltd. provided earnings guidance for the full year ended December 31, 2021. The net profit attributable to the Shareholders and other holders of interests for the year ended 31 December 2021 to be RMB 5.8 billion to RMB 6.8 billion, representing an increase of RMB 3.7 billion to RMB 4.7 billion, or approximately 172% to 219%, as compared with the corresponding figure for the year ended 31 December 2020; and (ii) the net profit attributable to the Shareholders and other holders of interests after deduction of non-recurring profit or loss for the year ended 31 December 2021 to be RMB 4.0 billion to RMB 5.0 billion, representing an increase of RMB2.0 billion to RMB 3.0 billion, or approximately 104% to 155%, as compared with the corresponding figure for the year ended 31 December 2020.
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