CSCL 2011 ANNUAL RESULTS

China shipping Container Liners Co., Ltd (CSCL) announced the 2011 Annual results on 28th Mar. 2012, which is concerned by all parties. The executive director Mr.Li Shaode manage director, Mr. Huang Xiaowen , CFO Mr. Liu Chong and other management attended the analyst briefing and the results presentation held in the Island Shangri – La Hotel on 29th Mar. 2012.

During the Period, the Group’revenue was RMB28.2Bil, representing a decrease of 18.9% as compared with 2010. Loss attributable to equity holders of the Company was
RMB2.7Bil and losses per share were RMB0.235. .

In 2011, growth in demand slowed down, together with concentrated delivery of additional shipping capacity during the period, the shipping market contributed further to supply-demand imbalance. Furthermore, the shipping companies also faced increased operating costs due to persistently high fuel price. In face of the complicated market situation, the Group adopted an active approach by implementing various measures. The group optimized fleet structure and trade lane based on effectiveness, extended cooperation and strengthened cost control, promoted brand and team building, fully executed corporate social responsibility.

It is expected in 2012 and the next one or two years, the road to recovery will be characterized by uncertainty and volatility. Despite such complex situation, the Group will face up to all future market volatility and operating pressure while fulfilling its business targets:

1. Continue to optimize fleet structure.
2. Strive to enhance operational efficiency.
3. Forge a logistic supply chain.
5. open up the container market in the Yangtze River valley as a shift of its service focus.
6. expedite information construction and fulfill its corporate social responsibility.