CIMC profits surge 550% in strong Q1 2025

China International Marine Containers (CIMC) announced a significant increase in profitability in its first quarter 2025 report, with net profit attributable to shareholders jumping 550.21% to CNY 543.799 million. Basic earnings per share soared to CNY 0.0971, up 670.63% year-over-year. Revenue increased by 11.04% to CNY 36.026 billion. This growth was fueled by a surge in container manufacturing, particularly dry cargo and refrigerated containers, alongside strong performance in the energy, chemical, and liquid food equipment sectors. The container manufacturing business benefited from continued order fulfillment from 2024 and a low base in the previous year, although the company notes that trade policy uncertainties could impact future demand. Additionally, CIMC's road transport vehicle business increased global sales by 1.12% to 29,800 vehicles.