Investment Rating - The report assigns a "Buy" rating to the company [1]. Core Views - The company is a leader in the container industry and is involved in multiple sectors such as energy equipment and logistics equipment. The report anticipates a recovery in the container, energy equipment, and logistics transportation industries, leading to growth in the company's performance [4][20]. - The expected net profit for the years 2023-2025 is projected to be 3.19 billion, 24.03 billion, and 42.93 billion RMB, respectively, with corresponding EPS of 0.06, 0.45, and 0.80 RMB [4][12]. Summary by Sections 1. Investment Recommendations - The company is expected to benefit from the recovery of multiple business sectors, leading to improved profitability. The target price is set at 10.73 HKD, based on a comprehensive evaluation of PE and PB ratios [4][19]. 2. Container Manufacturing Business - The container industry is currently at its lowest point since the 2011 financial crisis, but a recovery is expected by 2025. The company holds a market share of 42%-50% in container manufacturing, which is anticipated to benefit from the industry's recovery [7][20]. - Revenue from container manufacturing is projected to grow steadily from 32.93 billion RMB in 2023 to 54.46 billion RMB in 2025, with a gross margin expected to recover to 20% by 2025 [7][12]. 3. Road Transportation Vehicles - The demand for semi-trailers is increasing due to the rapid growth of e-commerce and logistics. The company maintains a leading market share of 14.5% in the semi-trailer sector [8][12]. - Revenue growth for this segment is expected to be 0.5%, 3.0%, and 10.0% for the years 2023-2025, with gross margins improving to 22% by 2025 [8][12]. 4. Energy, Chemical, and Liquid Food Equipment - The domestic economic recovery is driving demand for natural gas and LNG equipment, with expected revenue growth of 10% for 2024 and 2025 [9][12]. - The gross margin for this segment is projected to remain stable at around 16.5% from 2023 to 2025 [9][12]. 5. Marine Engineering Business - The marine engineering market is expected to see significant growth, with revenue projections of 72.1%, 45.0%, and 45.0% for 2023-2025 [10][12]. - The gross margin for this segment is anticipated to improve from 10.5% in 2023 to 16.0% by 2025 [10][12]. 6. Logistics Services - The logistics service sector is recovering, with expected revenue growth of -38.73%, 5%, and 5% for 2023-2025. The gross margin is projected to stabilize around 6% [9][12]. 7. Other Innovative Businesses - The company is expanding into innovative sectors such as cold chain logistics and energy storage, with expected revenue growth of 104.5% in 2023, followed by more modest growth in subsequent years [12][12].

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部 份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 1 中國國際海運集裝箱（集團）股份有限公司 CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD. （於中華人民共和國註冊成立之股份有限公司） （股份代號：2039） 二零二三年第三季度報告 本公告乃中國國際海運集裝箱（集團）股份有限公司（「公司」或「本公司」）根據《深 圳證券交易所股票上市規則》（「《深交所上市規則》」）規定在中國境內刊登，並根 據《香港聯合交易所有限公司證券上市規則》（「《香港上市規則》」）第13.09條及第 13.10B條及香港法例第571章《證券及期貨條例》第XIVA部內幕消息條文（如《香 港上市規則》定義者）在香港公佈。 1 重要提示 1.1 本公司董事會（「董事會」）、監事會及其董事、監事、高級管理人員保證2023 年第三季度報告（「本報告」）內容的真實、準確、完整，不存在虛假記載、誤 導性陳述或者重大 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 中國國際海運集裝箱（集團）股份有限公司 CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD. （於中華人民共和國註冊成立之股份有限公司） （H股股份代號：2039） （A股股份代號：000039） 2023年半年度業績公告（2023年半年度報告摘要） 1 重要提示 1.1 中國國際海運集裝箱（集團）股份有限公司（「本公司」或「中集」，與其附屬公司合 稱「本集團」或「集團」）董事會（「董事會」）、監事會（「監事會」）及董事（「董事」）、 監事（「監事」）、高級管理人員保證2023年半年度業績公告（「 本公告」）所載資 料不存在虛假記載、誤導性陳述或者重大遺漏，並對本集團截至2023年 6月 30日之半年度報告（「2023年半年度報告」）之內容的真實性、準確性和完整性 承擔個別及連帶責任。本公告摘自2023年半年度報告，並在香港聯交 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部 份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 中國國際海運集裝箱（集團）股份有限公司 CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD. （於中華人民共和國註冊成立之股份有限公司） （股份代號：2039） 二零二三年第一季度報告 本公告乃中國國際海運集裝箱（集團）股份有限公司（「公司」或「本公司」）根據《深 圳證券交易所股票上市規則》規定在中國境內刊登，並根據《香港聯合交易所有 限公司證券上市規則》（「上市規則」）第13.09條及第13.10B條及香港法例第571章 《證券及期貨條例》第XIVA部內幕消息條文（如上市規則定義者）在香港公佈。 1 重要提示 1.1 本公司董事會、監事會及其董事、監事、高級管理人員保證2023年第一季 度報告（「本報告」）所載資料的真實、準確和完整，不存在虛假記載、誤導性 陳述或者重大遺漏，並承擔個別及連帶的責任。 1.2 本報告已經本公司第 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 中國國際海運集裝箱（集團）股份有限公司 CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO., LTD. （於中華人民共和國註冊成立之股份有限公司） （H股股份代號：2039） （A股股份代號：000039） 二零二二年度業績公告（年度報告摘要） 1 重要提示 1.1 中國國際海運集裝箱（集團）股份有限公司（「本公司」），與其附屬公司合稱「本集團」 或「中集」）董事會（「董事會」）、監事會（「監事會」及董事（「董事」）、監事（「監事」、高 級管理人員保證二零二二年度業績公告（「本公告」）所載數據不存在虛假記載、誤 導性陳述或者重大遺漏，並對該截至2022年12月31日止之年度報告（「2022年年度 報告」）之摘要內容的真實性、準確性和完整性承擔個別及連帶責任。 本 公 告 刊 登 在 香 港 聯 交 所 網 站( w w w.h k e x ...

中集集团投产四十 中國國際海運集裝箱（集團）股份有限公司 (在中華人民共和國註冊成立的股份有限公司) A 股股份代號：000039 H 股股份代號：2039 HYDROGE HYDROGEN H2 2022 半年度報告 重要提示 2022年 半 年 度 報 告（以 下 簡 稱「本 報 告」或「2022年 半 年 度 報 告」）已 經 由 本 公 司 第 十 屆 董 事 會2022年 度 第5次會議審議通過。所有董事均以現場+網絡會議方式出席了審議本報告的董事會。 本 公 司 董 事 會、監 事 會 及 董 事、監 事、高 級 管 理 人 員 保 證 本 報 告 內 容 的 真 實、準 確、完 整，不 存 在 任何虛假記載、誤導性陳述或重大遺漏，並承擔個別及連帶的法律責任。 本 集 團 已 按 中 國 企 業 會 計 準 則 編 製 財 務 報 告。本 報 告 所 載 自2022年1月1日 至2022年6月30日止期 間 的 半 年 度 財 務 報 表 及 附 註（以 下 簡 稱「2022年 半 年 度 財 務 報 告」）未 經 審 計。 本 公 司 負 責 人 麥 伯 良 先 生（董 事 長 兼CEO）、主 ...

重大 風險提示 本 報 告 載 有 若 干 涉 及 本 集 團 財 務 狀 況、經 營 成 果 及 業 務 的 前 瞻 性 聲 明。由 於 相 關 聲 明 所 述 情 況 的 發 生 與 否 非 為 本 集 團 所 能 控 制，因 此，此 等 前 瞻 性 聲 明 在 本 質 上 具 有 高 度 風 險 與 不 確 定 性。該 等 前 瞻 性 聲 明 乃 本 集 團 對 未 來 事 件 的 現 有 預 期，並 非 對 未 來 業 績 表 現 的 保 證。實 際 業 績 可 能 與 前 瞻 性 聲 明 所 包 含 的 內 容 存 在 差 異。 目錄 | 重要提示 | 2 | | | --- | --- | --- | | 釋 義 | 3 | | | 詞彙表 | 7 | | | 第一章 | 公司基本信息 | 8 | | 第二章 | 會計數據和財務指標摘要 | 11 | | 第三章 | 董事長致辭 | 17 | | 第四章 | 董事會報告 | 26 | | 第五章 | 按內地證券監管規則編製的經營情況討論與分析 | 61 | | 第六章 | 按香港證券監管規則編製的管理層討論與分析 | 87 | 二零二一年年報 中國 ...

Financial Performance - The company's operating revenue for Q1 2022 was RMB 35,558,688 thousand, representing a 23.19% increase compared to RMB 28,864,101 thousand in the same period last year[5]. - Net profit attributable to shareholders was RMB 1,706,270 thousand, up 13.20% from RMB 1,507,331 thousand year-on-year[5]. - Basic and diluted earnings per share were RMB 0.4726, reflecting a growth of 16.66% from RMB 0.4051 in the same period last year[5]. - The company reported a total comprehensive income of RMB 1,860,124 thousand for Q1 2022, compared to RMB 1,691,199 thousand in Q1 2021, indicating an increase of 10%[42]. - The gross profit margin for Q1 2022 was approximately 15.1%, compared to 13.5% in Q1 2021, reflecting improved operational efficiency[94]. Cash Flow and Liquidity - The net cash flow from operating activities reached RMB 6,064,956 thousand, an increase of 86.85% compared to RMB 3,245,875 thousand in the previous year[5]. - Cash and cash equivalents increased by 47.54% to RMB 24,259,421 thousand, primarily due to increased sales collections during the period[8]. - Total cash and cash equivalents at the end of Q1 2022 amounted to RMB 24,901,971 thousand, compared to RMB 14,635,314 thousand at the end of Q1 2021, representing a growth of 70%[52]. - Cash inflow from investment activities in Q1 2022 was RMB 1,481,582 thousand, compared to RMB 459,756 thousand in Q1 2021, marking an increase of 222.5%[49]. - Cash outflow from investment activities surged to RMB 2,103,771 thousand in Q1 2022, compared to only RMB 187 thousand in Q1 2021, marking a substantial increase[110]. Assets and Liabilities - Total assets attributable to shareholders at the end of the reporting period were RMB 160,191,388 thousand, a 3.80% increase from RMB 154,322,501 thousand at the end of the previous year[5]. - Total liabilities amounted to RMB 98,237,394 thousand as of March 31, 2022, up from RMB 97,342,411 thousand at the end of 2021, representing a rise of approximately 0.9%[30]. - Shareholders' equity increased to RMB 61,953,994 thousand as of March 31, 2022, from RMB 56,980,090 thousand at the end of 2021, marking a growth of around 8.5%[32]. - The total amount of derivative investments reached RMB 39,138,288 thousand, with a year-end investment amount of RMB 27,074,506 thousand, accounting for 55.33% of the company's net assets[26]. Business Segments and Operations - Container manufacturing business maintained high production and profitability levels, with dry cargo container sales reaching 353,900 TEU, down approximately 21.50% year-on-year[14]. - The logistics sector remains a core focus, with ongoing expansion into road transport vehicles and logistics equipment[13]. - The clean energy business under CIMC Enric achieved a revenue growth of 24.9% year-on-year, with hydrogen energy revenue increasing by 80.5% to approximately RMB 35.89 million[18]. - The marine engineering business generated new effective orders worth USD 494 million, marking a 54.4% increase compared to the same period last year[19]. - The cold chain logistics business saw significant growth, with record-high shipments of refrigerated trucks, driven by strong demand in the North American market[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 98,455, including 98,427 A-share shareholders and 28 H-share registered shareholders[9]. - The top ten shareholders hold a significant portion of shares, with Hong Kong Central Clearing holding 58.61%[10]. - The company has no plans for share repurchase transactions among the top ten ordinary shareholders during the reporting period[68]. Research and Development - Research and development expenses increased to RMB 471,275 thousand in Q1 2022, compared to RMB 392,069 thousand in Q1 2021, reflecting a growth of 20.2%[38]. - The company is actively developing electric and intelligent equipment to enhance operational safety and efficiency, maintaining its leadership position in the industry[72]. Risk Management and Derivative Investments - The company has established strict internal approval systems and operational processes to manage risks associated with derivative investments[27]. - The company emphasizes the importance of risk control measures in its derivative investment strategy[27]. - The company focuses on hedging activities related to foreign exchange and interest rates to mitigate uncertainties from market fluctuations[27].

Financial Performance - The company reported a total revenue of RMB 100 billion for the fiscal year 2020, representing a year-on-year increase of 10%[16]. - The company's operating revenue for 2020 was RMB 94,159,083 thousand, representing a 9.72% increase compared to RMB 85,815,341 thousand in 2019[37]. - The net profit for 2020 reached RMB 6,011,740 thousand, a significant increase of 139.50% from RMB 2,510,113 thousand in 2019[37]. - The operating profit for 2020 was RMB 7,439,627 thousand, reflecting a 27.42% increase from RMB 5,838,747 thousand in 2019[37]. - The net profit attributable to shareholders was RMB 5.350 billion, representing a significant year-on-year increase of 246.88% from RMB 1.542 billion in 2019[51]. - The gross profit margin improved to 35%, up from 32% in the previous year[16]. - The company’s total equity attributable to shareholders increased by 12.14% to RMB 44,017,516 thousand in 2020 from RMB 39,253,886 thousand in 2019[38]. - The net cash flow from operating activities for 2020 was RMB 12,810,486 thousand, a significant increase of 262.03% compared to RMB 3,538,522 thousand in 2019[39]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.28 per share for the fiscal year 2020, subject to shareholder approval[10]. - The company distributed a cash dividend of RMB 0.28 per share for the year 2020, continuing its commitment to shareholder returns[51]. Governance and Accountability - The company reported that all directors attended the board meeting where the annual report was approved, ensuring accountability for the report's accuracy[10]. - The audit of the financial report for the fiscal year 2020 was conducted by PwC, which issued a standard unqualified opinion[10]. - The company’s chairman and CEO, along with the financial supervisor, confirmed the report's completeness and accuracy, taking legal responsibility for its contents[10]. - The company’s governance structure includes a board of directors and a supervisory board, ensuring oversight and accountability[10]. Market and Business Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[16]. - A strategic acquisition of a logistics firm is anticipated to be completed by Q2 2021, expected to increase revenue by 5% annually[16]. - The company has established a strong presence in both domestic and international markets, enhancing its competitive edge[22]. - The company aims to optimize its industrial structure and focus on core industries, with steady revenue growth in key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[56]. Research and Development - The company has allocated RMB 5 billion for research and development in new technologies over the next three years[16]. - The company applied for 247 invention patents in 2020, with a total of 2,728 effective patents by the end of the reporting period, including 1,869 utility model patents and 799 authorized invention patents[58]. - The number of R&D personnel increased to 4,492 in 2020, a rise of 9.03% from 4,120 in 2019[186]. - R&D investment amounted to RMB 1,641,391 thousand in 2020, reflecting a 10.38% increase from RMB 1,486,985 thousand in 2019[186]. Operational Efficiency and Cost Management - The company aims to reduce operational costs by 15% through process optimization and automation[16]. - The company emphasizes building a high-end manufacturing system and digital transformation to adapt to new economic dynamics and environmental policies[129]. - The company has implemented smart manufacturing technologies, including industrial internet and big data, to reduce costs and improve efficiency[185]. Environmental and Social Responsibility - The company emphasized its commitment to environmental, social, and governance responsibilities through various measures[160]. - The company actively promoted green and environmentally friendly products and services, such as lightweight vehicles and LNG clean energy equipment, in response to climate change[59]. - Significant progress was made in green manufacturing projects, leading to a substantial reduction in waste and improved environmental compliance[184]. Future Outlook - The company has set a performance guidance of 12% revenue growth for the fiscal year 2021[16]. - The Chinese economy is forecasted to grow by 7.9% in 2021, supported by favorable macroeconomic conditions and the rollout of COVID-19 vaccines[120]. - The logistics sector is anticipated to benefit from the "dual circulation" development strategy, enhancing domestic and international trade dynamics[122]. - The company anticipates a significant rebound in international shipping demand as global trade recovers[123].