证券代码：000039、299901 证券简称：中集集团、中集 H 代 公告编号【CIMC】2024-048 中国国际海运集装箱（集团）股份有限公司 关于按照《香港上市规则》公布 2024年 3 月份证券变动月报表的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、 误导性陈述或重大遗漏。 根据《香港联合交易所有限公司证券上市规则》（简称"《香港上市规则》"）13.25B 条关于披露股份发行人的证券变动月报表的要求及《深圳证券交易所股票上市规则》 11.2.1 条关于境内外同步披露的要求，特此披露中国国际海运集装箱（集团）股份有限 公司在香港联交所披露易网站（www.hkexnews.hk）刊登的截至2024年3月31日的证券 变动月报表，供参阅。 特此公告。 中国国际海运集装箱（集团）股份有限公司 董事会 二〇二四年四月二日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2024年4月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [5]. Core Views - The company's performance in 2023 was under pressure due to cyclical fluctuations in the container industry, but a recovery in demand is expected in 2024 [6][7]. - The container manufacturing business saw a revenue decline of 33.90% year-on-year, while the marine engineering business improved significantly with an 81.12% increase in revenue [6][7]. - The strategic planning until 2027 focuses on high-quality development, balancing growth and quality, and enhancing innovation capabilities [7]. Summary by Sections Financial Performance - In 2023, the company achieved total revenue of 127.81 billion yuan, a decrease of 9.7% year-on-year, and a net profit attributable to shareholders of 0.42 billion yuan, down 86.9% [6]. - The fourth quarter of 2023 saw total revenue of 32.69 billion yuan, a slight increase of 0.9% year-on-year, but a net loss of 0.74 billion yuan was recorded [6]. Container Business - The container manufacturing segment generated revenue of 30.21 billion yuan in 2023, a decline of 33.90%, with a net profit of 1.79 billion yuan, down 65.88% [6]. - Forecasts indicate that global container trade mileage growth will increase from 1.9% in 2023 to 8.3% in 2024, suggesting a recovery in demand for containers [6][7]. Marine Engineering Business - The marine engineering segment reported revenue of 10.45 billion yuan in 2023, an increase of 81.12%, with a reduced net loss of 0.03 billion yuan compared to a loss of 0.33 billion yuan in the previous year [7]. - The company has expanded its marine engineering focus from traditional oil and gas to renewable energy, with new orders signed amounting to 1.63 billion USD in 2023 [7]. Strategic Outlook - The company aims to solidify its leading position in core businesses while exploring new strategic emerging sectors [7]. - The forecast for net profit attributable to shareholders is 2.89 billion yuan in 2024 and 4.39 billion yuan in 2025, with corresponding price-to-earnings ratios of 17.8 and 11.8 times [7].

Investment Rating - The report maintains a "Buy" rating for the company [6][13]. Core Views - The company's 2023 net profit attributable to shareholders decreased by 86.91%, with total revenue of 127.8 billion yuan, down 9.7% year-on-year. The fourth quarter showed a slight recovery with revenue of 32.685 billion yuan, a year-on-year growth of 0.87% [2]. - The decline in performance is attributed to the cyclical downturn in the container manufacturing business and increased interest expenses due to rising dollar bond rates [2]. - The container manufacturing segment remains a global leader, generating 30.2 billion yuan in revenue, down 33.9%, with a net profit of 1.8 billion yuan, down 65.88%. The gross margin was stable at 15.97% [2]. - CIMC Vehicles, holding 56.78%, solidified its position as the global leader in semi-trailer sales, with revenue of 25.1 billion yuan, up 6.21%, and a net profit of 2.4 billion yuan, up 119.80% [2]. - CIMC Enric, holding 67.60%, enhanced its clean energy service capabilities, achieving a record order backlog of 22.85 billion yuan, with revenue of 25.1 billion yuan, up 17.77%, and a net profit of 854 million yuan, down 18.03% [2]. - CIMC Raffles, holding 80.04%, reported revenue of 10.4 billion yuan, up 81.12%, with a net loss of 31 million yuan, although its marine engineering business turned profitable [2]. - The container manufacturing business showed signs of recovery in Q4 2023, with a total sales volume of 664,100 TEUs, down approximately 40.03%, but Q4 sales of standard dry containers increased by 96.03% year-on-year [2]. - The marine engineering segment has a robust order book, with new orders of 1.63 billion USD in 2023 and a total backlog of 5.4 billion USD, up 35% year-on-year [2]. Financial Forecast and Valuation - The forecast for net profit attributable to shareholders for 2024-2026 has been revised upwards to 2.642 billion, 3.605 billion, and 4.389 billion yuan respectively, with corresponding PE ratios of 18, 13, and 11 times [3][4]. - The reasonable valuation range is set at 10.78 to 11.27 yuan, corresponding to a PE of 22-23 times for 2024 [3][4].

Investment Rating - The investment rating for the company is "Buy" with a target price of 10.69 CNY, maintaining the previous rating of "Buy" [1][2]. Core Views - The company's performance meets expectations, with a potential turning point anticipated in the container and offshore engineering businesses. The report expresses optimism regarding the company's earnings growth due to the recovery in various downstream sectors [1][5]. Summary by Sections Financial Performance - In 2023, the company achieved a revenue of 127.81 billion CNY, a decrease of 9.7% year-on-year. The net profit attributable to shareholders was 421 million CNY, down 86.9% year-on-year [1][2]. - The company reported a gross profit margin of 4.2% and a net profit margin of 0.3% for 2023, with expectations for improvement in 2024 [2][5]. Business Segments - **Container Business**: Revenue was 30.21 billion CNY, down 33.9% year-on-year, with a gross margin of 16.0%. The company anticipates a recovery in demand as the industry approaches a turning point [5][6]. - **Offshore Engineering**: Revenue increased by 81.1% to 10.45 billion CNY, with a net profit of 31 million CNY, marking a significant turnaround from a loss in the previous year. The segment is shifting focus from traditional oil and gas to renewable energy [5][6]. - **Road Transportation Vehicles**: Revenue grew by 6.2% to 25.09 billion CNY, with a net profit increase of 119.8% to 2.45 billion CNY, driven by structural reforms and increased sales [5][6]. - **Energy and Chemical Equipment**: This segment saw a revenue increase of 17.8% to 25.03 billion CNY, benefiting from high demand in clean energy and chemical sectors [6]. Market Outlook - The report suggests that the container industry is nearing the end of its destocking phase, with expectations for steady recovery in demand and stable new container prices in 2024. The company maintains a leading position in global production across various container types [5][6]. - The offshore engineering market is expected to continue its recovery, with a significant increase in new orders and a growing focus on clean energy projects [5][6].

[Table_Main] 证券研究报告 | 公司点评 中集集团(000039.SZ) 2024年03月29日 中集集团：23 年业绩承压，24 年 买入（维持） 所属行业：机械设备/通用设备 有望反转 当前价格(元)：9.57 证券分析师 投资要点 俞能飞 资格编号：S0120522120003 公司发布2023年报，全年业绩同比-86.91%。2023全年公司实现营业收入1278  邮箱：yunf＠tebon.com.cn 亿元，同比下降9.70%，实现归母净利润4.21亿元，同比-86.91%；扣非归母净 研究助理 利润 6.65 亿元，同比-84.47%。非经常性损失较大，主要系 2023 年外汇套期保 值业务亏损较大所致。公司 2023 年销售/管理/研发/财务费用率分别为 曹钰涵 2.16%/5.09%/1.90%/1.18%，同比+0.43pct/+0.14pct/+0.16pct/+1.2pct，财务费 邮箱：caoyh＠tebon.com.cn 用同比上升，主要是由于2023年美元贷款利率上升导致利息支出同比增加，且去 年同期美元汇率波动产生大额汇兑收益。23Q4 公司实现营收 327 亿， ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company's performance in 2023 slightly exceeded the upper limit of previous forecasts, with a focus on the recovery of the container and offshore engineering sectors leading to a reversal of its current difficulties [1][3] - The company reported a total revenue of 127.8 billion yuan in 2023, a year-on-year decrease of 10%, and a net profit attributable to shareholders of 420 million yuan, down 87% year-on-year, but better than the forecasted upper limit of 380 million yuan [3][4] Summary by Relevant Sections Financial Performance - In 2023, the company achieved total revenue of 127.8 billion yuan, down 10% year-on-year, and a net profit of 420 million yuan, down 87% year-on-year [3][4] - The company’s container manufacturing revenue decreased by 34% to 30.2 billion yuan, while logistics services revenue fell by 31% to 20.2 billion yuan [3] - The road transport vehicle segment saw a revenue increase of 6% to 25.1 billion yuan, and the energy, chemical, and food equipment segment grew by 17% to 25 billion yuan [3] - The offshore engineering segment experienced significant growth, with revenue increasing by 81% to 10.5 billion yuan, benefiting from the recovery of the shipbuilding and offshore engineering cycle [3][4] Profitability and Margins - The company's gross profit margin for 2023 was 13.8%, a decrease of 1.5 percentage points year-on-year [4] - The gross margin for container manufacturing was 16.0%, down 7.6 percentage points, while the road transport vehicle segment improved its margin to 19.0%, up 5.7 percentage points [4] - The net profit margin for 2023 was 1.5%, down 1.8 percentage points year-on-year [4] Future Outlook - The report anticipates a recovery in the container and offshore engineering sectors, projecting net profits of 2.471 billion yuan in 2024, 3.285 billion yuan in 2025, and 4.754 billion yuan in 2026 [4] - The company is expected to benefit from the recovery of downstream cycles, with a forecasted improvement in performance starting in 2024 [4]

1 股票代码：000039、299901 股票简称：中集集团、中集 H 代 公告编号：【CIMC】2024-047 中国国际海运集装箱（集团）股份有限公司 关于 2024 年第二期中期票据（科创票据）发行完成的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误 导性陈述或重大遗漏。 中国国际海运集装箱（集团）股份有限公司（以下简称"本公司"）于2023年6月28日 召开的2022年度股东大会审议通过了《关于中集集团申请注册发行中期票据（含长期限 含权中期票据）和超短期融资券的议案》，批准本公司注册发行不超过人民币60亿元中 期票据（其中包括不超过人民币20亿元长期限含权中期票据）。具体内容可参见本公司 于2023年3月28日、2023年6月1日及2023年6月28日在巨潮资讯网（www.cninfo.com.cn） 及本公司网站（www.cimc.com）上发布的相关公告（公告编号：【CIMC】2023-027及 【CIMC】2023-053）及香港联交所披露易网站（www.hkexnews.hk）发布的公告及通函。 本公司于2023年8月3日向中国银行间市场交易商协会申请注册，并 ...

Financial Performance - The company reported a revenue of CNY 100 billion for the fiscal year 2023, representing a year-on-year growth of 15%[19]. - The company's total revenue for 2023 was RMB 127,809,519 thousand, a decrease of 9.70% compared to RMB 141,536,654 thousand in 2022[26]. - Net profit for 2023 was RMB 1,863,374 thousand, down 59.50% from RMB 4,601,142 thousand in 2022[26]. - Basic earnings per share attributable to shareholders was RMB 0.07, representing an 88.14% decline from RMB 0.59 in 2022[28]. - In 2023, the company's revenue was RMB 127.81 billion, a decrease of 9.70% compared to 2022, with a gross margin of 13.77% and a net profit of approximately RMB 1.863 billion[35]. - The net profit attributable to shareholders was RMB 421 million, down 86.91% from RMB 3.22 billion in 2022[53]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.022 per share to all shareholders based on a total share count of 5,367,874,835 shares after excluding repurchased shares[4]. - The profit distribution plan is subject to approval at the annual general meeting, with the expected payment date around August 16, 2024[4]. - The proposed cash dividend for 2023 is RMB 0.022 per share, based on a total share capital of 5,367,874,835 shares after excluding repurchased shares, pending approval at the shareholders' meeting[192]. Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[19]. - The company plans to focus on market expansion and new product development to improve future performance[24]. - The company aims to enhance shareholder returns by focusing on high-quality development and expanding its core business and emerging sectors in 2024[49]. - The company is actively expanding into the "Belt and Road" market, achieving notable growth in other markets[59]. Research and Development - The company has invested CNY 1 billion in R&D for innovative energy solutions, aiming to reduce carbon emissions by 40% by 2025[19]. - The company applied for 717 new patents in 2023, including 292 invention patents, maintaining a total of 5,411 effective patents[118]. - R&D investment reached RMB 2,444.55 million in 2023, with a compound annual growth rate of 13.2% over the past five years[151]. - The number of R&D personnel increased by 14.21% year-on-year, reaching 5,698, which is 11.25% of total contracted employees[153]. Operational Efficiency and Digital Transformation - The company plans to enhance its digital infrastructure, with an investment of CNY 500 million to improve operational efficiency through automation[19]. - The digital transformation strategy, "Digital CIMC," aims to shift from traditional manufacturing to intelligent manufacturing[158]. - The company has developed a comprehensive lean manufacturing system to enhance its core competitiveness[115]. Environmental and Sustainability Initiatives - The company has invested approximately RMB 2.445 billion in R&D, increasing its share of revenue dedicated to innovation[46]. - The company is committed to promoting green manufacturing and products, contributing to carbon reduction projects to provide green value to customers and society[95]. - The company aims to strengthen its position in clean energy sectors such as hydrogen, green methanol, and offshore wind power, while also enhancing its cold chain logistics capabilities[90]. Financial Management and Cash Flow - Cash flow from operating activities showed a net outflow of RMB 8,174,551 thousand, a decrease of 30.63% from RMB 6,257,577 thousand in 2022[30]. - The company reported a significant drop in cash flow, with a net cash flow of RMB 2,703,186 thousand in 2023, down 81.51% from RMB 14,617,466 thousand in 2022[30]. - The group's cash and bank deposits amounted to RMB 21,324,451 thousand as of December 31, 2023, compared to RMB 17,111,587 thousand on December 31, 2022, reflecting a year-on-year increase of 24.8%[195]. Product Development and Innovation - New product development includes the launch of a next-generation refrigerated container, expected to increase efficiency by 25%[19]. - The company successfully developed the first domestic mobile pure hydrogen fuel cell and a 30MPa hydrogen gas bundle container, marking significant advancements in the hydrogen energy sector[43]. - The company is actively promoting the development of new products in clean energy storage and transportation equipment, achieving global leadership in several niche markets[148]. Challenges and Risks - The company is facing risks from economic cycle fluctuations, trade protectionism, and changes in industrial policies[110][111]. - The North American semi-trailer market is expected to return to normal supply-demand conditions, while the European market faces demand slowdown pressures due to geopolitical complexities and tightening monetary policies[96].

Financial Performance - The group's operating revenue for 2023 was RMB 127,809,519, a decrease of 9.70% compared to RMB 141,536,654 in 2022[7]. - The net profit for 2023 was RMB 1,863,374, reflecting a decline of 59.50% from RMB 4,601,142 in the previous year[7]. - The group reported a significant drop in operating profit, which fell by 62.27% to RMB 2,831,912 from RMB 7,505,208 in the previous year[7]. - The total equity attributable to shareholders decreased by 1.55% to RMB 47,857,805 from RMB 48,613,429 in 2022[9]. - Net profit attributable to shareholders was RMB 421 million, down 86.91% from RMB 3.22 billion in the previous year[22]. - Basic earnings per share decreased to RMB 0.07, an 88.14% decline from RMB 0.59 in 2022[22]. - The gross profit margin for the overall business was 13.77%, a decrease of 1.51% compared to the previous year[25]. Assets and Liabilities - Total assets increased by 10.87% to RMB 161,763,233 in 2023, up from RMB 145,899,949 in 2022[9]. - Current liabilities rose by 25.38% to RMB 78,985,163, compared to RMB 62,998,154 in 2022[9]. - The total liabilities increased by 16.68% to RMB 97,132,883 compared to RMB 83,243,865 in 2022[9]. - The company's total liabilities reached RMB 97.13 billion in 2023, up from RMB 83.24 billion in 2022, which is an increase of approximately 16.69%[173]. - The company's equity attributable to shareholders decreased to RMB 47.86 billion in 2023 from RMB 48.61 billion in 2022, a decline of about 1.55%[176]. Cash Flow - The cash flow from operating activities decreased significantly by 81.51% to RMB 2,703,186 from RMB 14,617,466 in 2022[10]. - The net cash flow from operating activities decreased by 81.51% year-on-year, primarily due to a reduction in cash received from sales and an increase in tax payments in 2023[113]. - The net cash flow from financing activities increased by 199.40% year-on-year, mainly due to an increase in cash received from borrowings in 2023[114]. - Cash and cash equivalents at the end of 2023 increased to RMB 20,350,816 thousand, up 28.8% from RMB 15,912,300 thousand at the end of 2022[192]. Dividends and Share Repurchase - The company plans to distribute a cash dividend of RMB 0.022 per share, based on a total share capital of 5,367,874,835 shares after excluding repurchased shares[5]. - The board approved a cash dividend of RMB 0.022 per share, amounting to approximately RMB 118,093 thousand, based on a total share count of 5,367,874,835 shares after excluding repurchased shares[144]. - The company plans to repurchase A-shares with a total amount not exceeding RMB 300 million, with a repurchase price capped at RMB 10.20 per share[67]. Revenue by Segment - The company’s revenue from container manufacturing, logistics services, and cyclical vehicles experienced a decline during the reporting period[22]. - Container manufacturing revenue was RMB 30.21 billion, down 33.90% year-on-year, with a net profit of RMB 1.79 billion, a decline of 65.88%[31]. - The logistics service segment saw a revenue drop of 31.28%, totaling RMB 20.17 billion[25]. - The energy and chemical equipment segment reported a revenue increase of 17.77%, totaling RMB 25.03 billion[25]. - The clean energy segment within the energy business reported revenue of RMB 14.907 billion, a significant increase of 40.8% compared to RMB 10.591 billion in the previous year[49]. Strategic Focus and Market Position - The company continues to hold the global leading position in the production of standard dry containers, refrigerated containers, and special containers[19]. - The company’s strategic focus includes expanding emerging businesses and enhancing its core business leadership to achieve significant growth[20]. - The company is actively expanding its presence in the "Belt and Road" markets, capitalizing on strong demand opportunities[34]. - The company aims to enhance its core manufacturing capabilities and expand its market presence through strategic resource utilization and capital expansion[70]. Research and Development - R&D expenses for 2023 amounted to RMB 2,429,152 thousand, a decrease of 1.38% compared to RMB 2,463,228 thousand in 2022[103]. - The company is committed to integrating technological innovation and green development into its growth strategy, aligning with national policy directions[70]. Market Trends and Future Outlook - In 2024, global container trade mileage growth is expected to rise from 1.9% in 2023 to 8.3%, indicating a recovery in container demand despite ongoing uncertainties[77]. - The clean energy division anticipates a 50% increase in global LNG demand by 2040, reaching approximately 625-685 million tons annually, driven by industrial demand in China and South Asia[90]. - The offshore engineering business is expected to benefit from higher oil prices and a trend towards ultra-deepwater oil and gas exploration, with strong growth in the FPSO market driven by medium to long-term oil production plans[94].

股票代码：000039、299901 股票简称：中集集团、中集 H 代 公告编号：【CIMC】2024-046 中国国际海运集装箱（集团）股份有限公司 1、 计提依据： 关于 2023 年度计提减值准备的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误 导性陈述或重大遗漏。 一、计提减值准备的情况概述 为了客观、公允反映本公司截止 2023 年年末的财务状况和经营情况，本着谨慎性 原则，本公司根据《中国企业会计准则》及《深圳证券交易所上市公司自律监管指南第 1 号——业务办理》等相关规定，对合并范围内各公司所属资产进行了减值测试。根据 减值测试结果，本集团 2023 年度计提减值准备经审定共计人民币 954,202 千元（以下 简称"本次计提减值事项"），考虑转回减值准备人民币 264,753 千元后，对 2023 年度 合并报表损益影响为减少本集团利润总额人民币 689,449 千元。 二、计提减值准备的依据及计提情况 2023 年，本集团依据《中国企业会计准则》以及本公司相关会计管理制度的规定和 要求，对各项资产进行了减值测试并对减值准备金额进行了账务处理，本年度计提减值 准 ...