Reflected in the latest annual = report of CSC=20 Nanjing Tanker Co., Ltd., its net project belonging to shareholders of = public=20 listed company was only CNY4.237 million, sharply down by 99.29% = compared with=20 CNY596 million in 2008. After deduction of non-recurring profit and = loss, the=20 company suffered a total deficit of net profit of CNY27.38 million. Its = earnings=20 per share dropped down to merely CNY0.003 and the total business revenue = in 2009=20 only reached CNY3.358 billion. Till the end of 2009, the total assets of = CSC=20 Tanker was RMB14.019 billion and net assets was CNY4.347 billion, down = by 3.5%=20 with 0.1% of earning rate of net assets. The net value per share of = public=20 listing was CNY2.7.
According to the statement of = the company,=20 it suffered plunge of business performance due to financial crisis and = industry=20 downturn but fortunately it gained a little in terms of net profit. = Besides=20 that, the company is developing fast and has to pay huge amount of = shipbuilding=20 expense and debts.