CIMC expects substantial profit increase for first quarter 2025

China International Marine Containers (CIMC) (HKEX: 2039) anticipates a consolidated net profit attributable to shareholders ranging from RMB450,000 thousand to RMB650,000 thousand for the quarter ended March 31, 2025. This represents a substantial increase compared to the RMB83,635 thousand profit recorded in the corresponding period of 2024. The company attributes this growth primarily to robust orders in its container manufacturing business, building upon the previous year's performance. CIMC also cited the adoption of a more flexible hedging strategy to mitigate exchange rate risks as contributing to the improved profitability. Basic earnings per share are projected to be between RMB0.0796 and RMB0.1168, up from RMB0.0126 in the prior year. The company advises shareholders and potential investors to exercise caution when trading in the company's shares. The full quarterly results are expected to be released by the end of April 2025.