The giant state-owned shipping conglomerate posted first quarter net loss of RMB1.99bn ($322.55m), closing the deficit gap from RMB2.7bn recorded in the same period of 2012.
Revenue at the Shanghai-listed firm decreased to RMB15.23bn compared to RMB15.69bn a year ago.
China Cosco has suffered two consecutive years of net losses since 2011 and a third year of loss in 2013 would mean a potential delisting from the stock exchange.
The group posted a 2012 loss of RMB9.56bn from a deficit of RMB10.5bn in 2011.
Cosco had earlier announced plans to sell assets worth up to RMB27bn to its parent China Ocean Shipping (Group) Co. The potential sales include the profitable unit Cosco Logistics, which may generate net proceeds of up to RMB4.6bn for Cosco.
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