Afrigather Consequence Highlights01.Within the first three quarters of 2024, the working income of the Group was RMB128.971 billion, elevated 35.58% year-on-year. The online revenue attributable to shareholders and different fairness holders of the dad or mum firm amounted to RMB1.828 billion, improve 268.87% year-on-year. The online revenue attributable to shareholders and different fairness holders of the dad or mum firm after deducting nonrecurring revenue or loss amounted to RMB1.692 billion, elevated 40.34% year-on-year.
02.Demand and provide for container shipping-related companies remained strong, with the cumulative gross sales quantity of ordinary dry containers in container manufacturing growing by 421.78%; core product traces in logistics providers achieved year-on-year progress in each quantity and worth.
03.For marine engineering enterprise income elevated by 77.75% year-on-year. New orders which have taken impact within the first three quarters elevated by 121% year-on-year to USD 3.25 billion, setting a file excessive within the order historical past. For the primary time, it broke via product varieties and received FLNG modification bundle orders.
HONG KONG, Oct 29, 2024 – (ACN Newswire) – China Worldwide Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, inventory code: 000039.SZ/02039.HK) is happy to announce the unaudited third-quarter outcomes for the 9 months ended 30 September 2024 (the “Interval”).
Within the first three quarters of 2024, CIMC Group’s total working efficiency accelerated, with income elevated by 35.58% year-on-year to RMB 128.971 billion (RMB, the identical under) (2023 Q3: RMB 95.124 billion). Web revenue attributable to shareholders and different fairness holders of the Firm was RMB 1.828 billion (2023 Q3: RMB 496 million), a year-on-year improve of 268.87%. The online revenue attributable to shareholders and different fairness holders of the dad or mum firm after deducting nonrecurring revenue or loss amounted to RMB 1.692 billion (2023 Q3: RMB 1.205 billion), a year-on-year improve of 40.34%. From a single quarter perspective, CIMC Group’s web revenue attributable to shareholders and different fairness holders of the Firm elevated by 891.78% year-on-year to RMB 962 million within the third quarter, and the web revenue attributable to shareholders and different fairness holders of the dad or mum firm after deducting nonrecurring revenue or loss elevated by 280.89% to RMB 871 million.
Within the container manufacturing enterprise, it noticed a big year-on-year improve in manufacturing and gross sales quantity. The cumulative gross sales quantity of ordinary dry containers elevated by 421.78%. The demand of world container commerce picked up within the first three quarters of 2024. In response to the danger of container scarcity caused by these unsure occasions such because the extended Crimson Sea battle and port strikes, prospects had stronger willingness to order containers. Because of this, throughout the the primary three quarters of 2024, the manufacturing and gross sales quantity of the Group’s container manufacturing enterprise witnessed a big year-on-year improve. Particularly, the collected gross sales quantity of dry containers reached 2,486,300 TEUs (identical interval in 2023: 476,500 TEUs), representing a year-on-year improve of roughly 421.78%. The collected gross sales quantity of reefer containers reached 93,400 TEUs (identical interval in 2023: 80,100 TEUs), representing a year-on-year improve of roughly 16.60%. In line with the prediction made by CLARKSONS, in September 2024, the expansion of world container commerce will considerably improve from 0.7% in 2023 to five.2% in 2024, and in 2025, the worldwide container commerce is anticipated to see an additional progress of two.8%.
Within the marine engineering enterprise, as new orders entered the development interval successively, the offshore engineering enterprise of the Group recorded a year-on-year improve of 77.75%. Within the first three quarters of 2024, the quantity of efficient new orders elevated by 121% year-on-year to USD 3.25 billion, hitting a file excessive so as values and making breakthrough in product kind for the primary time by successful a packages order for FLNG modification. The collected worth of orders available elevated by 42% to USD 7.4 billion. Amongst which the proportion of oil and fuel enterprise, wind energy set up vessels and ro-ro ships was roughly 3:1:1. On account of native warfare and the slowdown of world new power transformation, worldwide oil costs remained excessive, the offshore engineering tools market continued its restoration.
Within the airport amenities and logistics tools, hearth security and rescue tools enterprise, the Group is striving to discover extra new pathways for enterprise growth with nationwide financial stimulus measures contributing to a year-on-year improve in new orders for the primary three quarters. The Group achieved a year-on-year improve in income and revenue as a result of elevated variety of initiatives which have handed inspection and acceptance and have been delivered as in comparison with the identical interval final 12 months. Following the institution of a venture firm to develop floor energy providers for civil aviation in the course of the 12 months, CIMC Tianda is striving to discover extra new pathways for enterprise growth by venturing into new areas which have synergistic impact with airport amenities and hearth security companies, thus selling diversification and long-term sustainable growth of enterprise.
Within the logistics providers enterprise, each income and profitability index skilled vital year-on-year progress, with core product traces attaining will increase in each enterprise quantity and worth. Following the worldwide growth technique of Chinese language enterprises intently, the Group’s logistics providers enterprise deeply centered on customer-specific wants, deepened organizational integration to help the theme of high-quality growth, and focusing on abroad markets akin to the US and Southeast Asia, whereas enhancing its “digital intelligence” capabilities. Within the third quarter, the Group additional expanded sea freight service chain. Focus was placed on advancing air freight routes connecting Central Asia and product choices for European traces was additional expanded. The Group built-in inner specialised land transport assets to determine a land transport firm to hold out exterior operations in a unified means.
For highway transportation automobile enterprise, the Group bought a complete of 94,749 autos within the international market, achieved income of RMB15.823 billion, representing a year-on-year lower of 19.14%. Within the home market, the expansion of the logistics and transportation sector slowed down, placing strain on the terminal market of economic autos. Nonetheless, because of the great implementation of the “StarLink Challenge”, the general home automobile gross sales have seen a commendable improve year-on-year towards the pattern. Within the abroad market, because the demand for semi-trailers in North America returned to a traditional stage, the gross sales of semi-trailers in North America declined year-on-year within the first three quarters; demand within the European semi-trailer market decreased with affected by the fluctuation in delivery provide chain of European routes. CIMC Automobiles actively superior provide chain restructuring and enterprise synergistical integration in Europe whereas actively exploring new prospects in different abroad markets on the identical time. Particularly, the Australian operations maintained a progress pattern.
Within the power, chemical and liquid meals enterprise, CIMC Enric steadily achieved an total income progress of 8.0% year-on-year to RMB17.969 billion. As of the tip of September 2024, CIMC Enric’s total orders available amounted to roughly RMB27.732 billion, representing a year-on-year improve of 25.2%. The collected new orders signed within the first three quarters amounted to RMB20.761 billion, representing a year-on-year improve of 5.1%. In 2024, each obvious consumption and imports of home pure fuel elevated, driving vital progress in each offshore and onshore clear power companies. The income of the clear power phase soared by 26.2% year-on-year to RMB12.599 billion within the first three quarters of 2024. The chemical and atmosphere enterprise modestly recovered amid the gradual enchancment in international demand for chemical tank containers. The phase registered a quarter-on-quarter income improve of 21.5% within the third quarter. The orders available of the liquid meals phase was ample and the enterprise income elevated steadily within the first three quarters of 2024.
The administration of the Group said, “Though the restoration of the world financial system faces challenges, the Group has overcome difficulties in 2024 amid a rebound in international container commerce demand, and the restoration of the offshore engineering market, striving to take care of stability whereas bettering high quality. Core enterprise orders had been robust, and total profitability has improved. Wanting forward, the Group will proceed to strengthen its international structure technique, consolidate the inspiration of its international working platform, seize key alternatives in productiveness and technological innovation, and proceed to create new worth and momentum to realize high-quality progress objectives.”
About China Worldwide Marine Containers (Group) Co., Ltd.
The CIMC Group is a world main tools and answer supplier in logistics and power industries, and its business cluster primarily covers logistics and power fields, strengthening its place as a worldwide market chief. Within the logistics area, the Group nonetheless adheres to taking container manufacturing enterprise as its core enterprise, primarily based on which to develop highway transportation autos enterprise, airport amenities and logistics tools/hearth security and rescue tools enterprise and to a lesser extent, logistics providers enterprise and recycled load enterprise offering services in skilled area of logistics; within the power area, the Group is principally engaged in power/chemical/liquid meals tools enterprise and offshore engineering enterprise; in the meantime, the Group additionally repeatedly develops rising industries and has finance and asset administration enterprise that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of world serving, CIMC owns 3 listed firms and over 300 member enterprises in Asia, North America, Europe, Australia and others, and intensive prospects and gross sales networks masking greater than 100 international locations and areas. Throughout the 12 months, the Group recorded a income of RMB127.81 billion, with gross revenue margin remained at 13.77% and web revenue of RMB 1.863 billion. The Group was ranked a hundred and seventieth within the Fortune 500 China 2023. For extra info, please go to http://www.cimc.com/.
Matter: Press launch abstract
Supply: CIMC Group
Sectors: Transport & Logistics, Manufacturing
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