Ningbo Marine (600798.SH) has announced that it is expected to have a net loss of 14.5 to 21.5 million yuan attributable to the shareholders of the listed company in the first half of 2024, compared with a net profit of 61.0735 million yuan in the same period of last year.

The company's main business includes waterway transportation and toll road operation. In terms of waterway transportation, the company's main business is domestic coastal coal transportation. Since 2024, the domestic coastal bulk cargo transportation prices have been continuously at a historical low. Although the company has been actively expanding its overseas transportation business, due to the large proportion of domestic business, the gross profit of transportation business in the first half of 2024 has decreased significantly. As for toll road operation business, the company's operating revenue has decreased due to the diversion of vehicles caused by the opening of new road networks around the beginning of the year. The significant decline in the gross profit of the company's two main businesses mentioned above has led to a net loss attributable to the shareholders of the listed company in the first half of 2024.