iMarine

CIMC’s 2024 profit jumps 493% to 731% year-on-year

On January 24, CIMC announced its full-year performance forecast for 2024.

The announcement showed that CIMC’s full-year net profit attributable to shareholders of the parent company in 2024 is expected to reach RMB 2.5 billion to RMB 3.5 billion, a year-on-year increase of approximately 493% to 731%. During the year, the Group’s operating performance was outstanding and its high-speed growth momentum was strong.

China International Marine Containers (CIMC) stated that the container transportation industry experienced a cyclical recovery in 2024. Additionally, due to the increased distance caused by the Red Sea incident, the demand for container manufacturing improved. As a result, the production and sales of standard dry containers in our container manufacturing business reached a record high. The revenue and net profit of this division both significantly increased compared to the same period last year.

The offshore engineering industry benefited from the increase in market demand, leading to higher revenue and net profit in 2024 compared to the same period last year. Considering the combined effects of these factors, the net profit attributable to the shareholders and other equity holders of the parent company in 2024 is expected to rise compared to the same period last year.

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