[ET Net News Agency, 30 January 2018] China International Marine Containers (CIMC)
(02039) said it expects to record a significant increase of 345% to 419% in the
consolidated net profit attributable to shareholders and other equity holders for the
twelve months ended 31 December 2017 to Rmb2,400-2,800 million as compared to the
corresponding period of last year.
In 2017, sales volume, revenue and profits from the Group's container manufacturing
business rapidly picked up, as a result of the revitalization of the global container
shipping industry, the improvement in operation conditions for shipping enterprises and
the recovery in container market demands. While, the corresponding period of last year
represented a slump for the container manufacturing business, and the year-on-year base
was low. In addition, the Group's road transportation vehicle business also performed
satisfyingly for the year, benefiting from various positive factors such as the lingering
effect of the domestic anti-overloading policy GB1589-2016.
In 2017, the Group obtained the relocation compensation of the Shenzhen Prince Bay
Project Land and the investment gains from the disposal of the equity interest in the
Shenzhen CIMC Electricity Commerce and Logistics Technology Co., Ltd., bringing a positive
and active effect on the financial results of the Group.
Its annual results announcement is expected to be published in March. (HL)