Phoenix Shipping (000520.SZ) announces a forecasted net loss of 66 to 83 million yuan for the year 2024.

Phoenix Shipping (000520.SZ) issued a performance forecast announcement for the year 2024, expecting a net loss attributable to shareholders of the listed company of 66 to 83 million yuan for the full year. During the reporting period, the company increased its reform and adjustment efforts, significantly streamlined internal organizational structure and personnel, intensified cost control efforts, and achieved significant results. However, due to intensifying industry competition, the company experienced losses in the operation of some self-owned and leased-in vessels. At the same time, some vessels showed signs of impairment, and after impairment testing, the company made asset impairment provisions for some vessels.