It told the Shanghai stock exchange that between 1 July and 31 August it banked CNY 155.5m ($25.32m) from the sales of the bulkers.
The vessels vessel totalled 553,798 dwt in capacity.
But the deals incurred an overall loss of CNY 36.5m, it added.
The scrapping programme has lowered the average age of its fleet, making it more competitive, CCHC said, as well as cutting fuel costs and improving environmental protection.
Between
