China Huarong Energy Company Limited announced that the group is expected to incur a net loss for the six months ended 30 June 2013 as compared with the published unaudited net profit for the same period in 2012. During the first half of the year 2013, as affected by the continuing decline of the shipbuilding market, orders and prices of vessels decreased sharply as compared with the previous year, which resulted in the estimated net loss for the Group for the six months ended 30 June 2013.