Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][7]. Core Views - The company has achieved rapid growth in performance, with a 35.58% year-on-year increase in revenue and a 268.87% increase in net profit attributable to shareholders for the first three quarters of 2024 [1]. - The container dry box sales reached a record high for the year in the third quarter, contributing significantly to the overall performance [1]. - The company is expected to benefit from a favorable outlook in global container trade, with a projected growth rate of 5.2% in 2024 [1]. Financial Performance Summary - For the first three quarters of 2024, the company reported revenue of 128.97 billion yuan, a 35.58% increase year-on-year, and a net profit of 1.828 billion yuan, up 268.87% year-on-year [1][2]. - The third quarter alone saw revenue of 49.856 billion yuan, a 44.30% increase year-on-year, and a net profit of 9.62 billion yuan, which is an increase of 891.78% year-on-year [1]. - The gross margin for the first three quarters was 11.84%, with a slight decrease of 1.85 percentage points year-on-year, while the net margin was 2.11%, an increase of 0.58 percentage points year-on-year [1]. Business Segment Performance - The container manufacturing segment achieved a record high in dry box sales, with 1.1036 million TEUs sold in the third quarter, representing a 417.15% increase [1]. - The shipbuilding business also maintained strong growth, with a 77.75% year-on-year increase in revenue, driven by a recovery in the offshore equipment market and new orders entering the construction phase [1]. - The company secured a significant EPC order for floating LNG production and storage units, marking a major breakthrough in high-end marine manufacturing [1]. Future Outlook - The company has a robust order backlog for containers, with orders scheduled through December, indicating a positive outlook for the fourth quarter despite seasonal slowdowns [1]. - The anticipated recovery in container pricing and the benefits from a declining interest rate environment are expected to support continued growth in profitability [1].

证券代码：000039、299901 证券简称：中集集团、中集 H 代 中国国际海运集装箱（集团）股份有限公司 投资者关系活动记录表 编号：2024-011 | --- | --- | --- | |---------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | □特定对象调研 | □分析师会议 | | | □媒体采访 √业绩说明会 | | | 投资者关系活 | □新闻发布会 √路演活动 | | | 动类别 | □现场参观 | | | | | | | | □其他 （请文字说明其他活动内容） | | | | 2024 年 10 月 30 日： 券、国泰君安、 UBS | 第三季度业绩说明会：华泰证券、广发证券、长江证券、中信证 、光大证 ...

证券代码：000039、299901 证券简称：中集集团、中集 H 代 中国国际海运集装箱（集团）股份有限公司 投资者关系活动记录表 编号：2024-010 | --- | --- | --- | --- | |---------------------------|--------------------------------------------------------------|-----------------------------------------|-----------------------------------------------------------------------------| | | | | | | | | | | | | | | | | | □特定对象调研 | □分析师会议 | | | 投资者关系活 | □媒体采访 □业绩说明会 □新闻发布会 √路演活动 | | | | 动类别 | | | | | | □现场参观 □其他 | （请文字说明其他活动内容） | | | | | | | | 参与单位名称 及人员姓名 | 策略会： 2024 年 10 月 17 2 ...

Investment Rating - Buy (Maintained) [1] Core Views - Q3 net profit attributable to parent company was in line with expectations, driven by strong container demand recovery and improved offshore engineering performance [2] - Container demand is supported by global trade recovery and replacement needs, with the company maintaining a stable market share of over 40% [4] - Offshore engineering business benefits from cyclical recovery, with new orders increasing significantly [5] Financial Performance - 2024 Q1-3 revenue reached 129 billion yuan, up 36% YoY, with net profit attributable to parent company at 1.83 billion yuan, up 269% YoY [2] - Q3 revenue was 49.9 billion yuan, up 44% YoY, with net profit attributable to parent company at 960 million yuan, up 892% YoY [2] - 2024 Q3 gross margin was 13.6%, flat YoY, while net margin improved by 1.3pct to 2.7% [3] - 2024 Q3 operating expense ratio decreased by 0.57pct to 9.3% [3] Container Business - 2024 Q1-3 standard dry container sales reached 2.49 million TEU, up 422% YoY [2] - Global container fleet is approximately 50 million TEU, with annual replacement demand of 2.5 million TEU based on a 20-year lifespan [4] - Global container trade volume growth is expected to increase from 0.7% in 2023 to 5.2% in 2024, with continued growth in 2025 [4] Offshore Engineering Business - 2024 Q1-3 offshore engineering revenue increased by 78% YoY [2] - New orders for offshore engineering in 2024 Q1-3 reached 3.25 billion USD, up 121% YoY, with total backlog at 7.4 billion USD, up 42% YoY [5] - Offshore drilling platforms and FPSO orders are expected to grow due to stable oil prices and increased capital expenditure by oil companies [5] Profit Forecast and Valuation - 2024-2026 net profit attributable to parent company is forecasted at 2.5/3.3/4.8 billion yuan, with corresponding P/E ratios of 19/14/10x [5] - 2024-2026 revenue is forecasted at 140.8/157.9/171 billion yuan, with YoY growth of 10.17%/12.11%/8.32% [1] - 2024-2026 EPS is forecasted at 0.46/0.61/0.88 yuan per share [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 20% relative to the market benchmark index within the next six months [8]. Core Insights - The company achieved a significant year-on-year increase in net profit of 891.78% in Q3 2024, with a net profit of 962 million yuan [1]. - For the first three quarters of 2024, the company reported a revenue of 129 billion yuan, up 35.58% year-on-year, and a net profit of 1.828 billion yuan, reflecting a 269% increase [1]. - The container business saw a remarkable growth in sales volume, with dry cargo container sales reaching 2.4863 million TEU, a year-on-year increase of approximately 421.78% [2]. - The marine engineering segment also performed well, with a revenue increase of 77.75% year-on-year and a total order value of 7.4 billion USD, up 42% [2]. Revenue and Profit Analysis - The company’s revenue for Q3 2024 was 49.9 billion yuan, representing a 44.3% increase year-on-year and a 6.82% increase quarter-on-quarter [1]. - The gross profit margin for Q1-Q3 2024 was 11.84%, a decrease of 1.85 percentage points year-on-year, while the net profit margin improved to 2.11%, an increase of 0.58 percentage points [1]. - The company expects a revenue CAGR of 5.3% and a net profit CAGR of 34.8% from 2024 to 2026, with projected net profits of 2.601 billion, 3.616 billion, and 4.726 billion yuan for those years respectively [2]. Segment Performance - The container segment's sales volume for Q3 2024 was 1.1 million TEU, a quarter-on-quarter increase of 24% [2]. - The vehicle segment faced challenges, with a revenue decline of 19.14% year-on-year, although domestic sales benefited from the "Starlink Project" [2]. - The company’s subsidiary, CIMC Enric, reported a revenue of 17.969 billion yuan for the first three quarters of 2024, marking an 8% year-on-year increase [2].

于是我向大家介绍稍后将上台的管理层,他们有中纪集团董事长麦伯良先生、中纪集团总裁高祥先生、中纪集团副总裁兼财务总监曾晗先生。同时,我们也邀请了独立董事吕峰美女士、独立董事张光华先生、独立董事杨成先生同步参与线上直播,欢迎各位领导。 现在,本次说明会正式开始。让我们有请中企集团董事会秘书吴三强、吴总向大家介绍中企集团2024年盖栏。尊敬的投资者、分析师还有媒体朋友们,大家下午好。欢迎大家参加中企集团2024年度的业绩发布会。 首先我讲一下集团的基本概览。当然跟以前一样,我们的整个业务结构没有大的变化,基本还是围绕着物流装备并服务以及能源装备和服务。那么右下角的箭头代表了我们做的一些新的业务方向,比如新能源,包括氢能、海上风电等。 去年,整体的财务业绩还是比较亮眼的,营收创历史新高,我们扣黑硅谷经济论是历史上第四高位,保利率、经济率逐级环比攀升。 核心指标,营收同比增长了39%,达到了1777亿,硅谷金利润同比增长了6倍多,达到29.7亿,登鸿这次推出的方案同比增长了6.94倍,9.45亿整个精英的亮点,一个是我们的海工产业 盈利大幅改善,接近了9个亿。加上制造分部,我们首次的有亏为盈。金融及资产管理分部,就是大 ...

Investment Rating - The report maintains a "Recommend" rating for CIMC (000039 SZ) [1][3] Core Views - CIMC's Q3 2024 performance exceeded expectations, with significant growth in container and offshore engineering businesses [1] - The company's container manufacturing business saw a 421 78% YoY increase in dry container sales and a 16 60% YoY increase in refrigerated container sales in the first three quarters of 2024 [1] - Offshore engineering business revenue grew 77 75% YoY in the first three quarters of 2024, with new orders increasing 121% YoY to $3 25 billion [1] - The report forecasts CIMC's net profit attributable to parent company to reach RMB 2 598 billion in 2024, RMB 3 831 billion in 2025, and RMB 4 419 billion in 2026 [1] Financial Performance - In Q1-Q3 2024, CIMC achieved revenue of RMB 128 971 billion, a 35 58% YoY increase, and net profit attributable to parent company of RMB 1 828 billion, a 268 87% YoY increase [1] - Q3 2024 revenue was RMB 49 856 billion, a 44 30% YoY increase, with net profit attributable to parent company of RMB 962 million, a 891 78% YoY increase [1] - Gross margin was 11 84% in Q1-Q3 2024, down 1 86 percentage points YoY, while net margin was 2 11%, up 0 58 percentage points YoY [1] Industry Outlook - Global container trade volume growth is expected to increase from 0 7% in 2023 to 5 2% in 2024, with further growth of 2 8% expected in 2025 [1] - The offshore drilling platform market remains strong due to limited supply growth and steady demand increase [1] - International oil prices remain high due to regional conflicts and slower global energy transition, benefiting the offshore engineering market [1] Valuation - The report forecasts CIMC's PE ratio to be 18X in 2024, 12X in 2025, and 11X in 2026 [1] - EPS is expected to be RMB 0 48 in 2024, RMB 0 71 in 2025, and RMB 0 82 in 2026 [2] - PB ratio is forecasted at 0 9X in 2024, 0 8X in 2025, and 0 8X in 2026 [2]

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company reported a significant increase in revenue and net profit for the first three quarters of 2024, with revenue reaching 128.97 billion yuan, up 35.58% year-on-year, and net profit attributable to shareholders at 1.83 billion yuan, up 268.87% year-on-year [2] - The demand for containers is recovering, driven by a global trade rebound, with the WTO projecting a 2.7% growth in global merchandise trade for 2024 [2] - The offshore engineering sector is expected to improve, with rising rental rates for offshore equipment and a forecasted increase in oil prices [2] Summary by Sections Performance Analysis - In Q3 2024, the company achieved a revenue of 49.86 billion yuan, a year-on-year increase of 44.30%, and a net profit of 962 million yuan, up 891.78% year-on-year [2] - The gross margin for Q3 2024 was 13.6%, showing improvements from previous quarters [2] Container Manufacturing Business - The company is a leader in the global container industry, with significant increases in sales volumes for dry containers and refrigerated containers in the first three quarters of 2024 [2] - Dry container sales reached 2.4863 million TEU, a 422% increase year-on-year, while refrigerated container sales grew by 17% [2] Offshore Engineering Business - The company is positioned as a leading player in offshore equipment, with a 77.75% year-on-year increase in offshore revenue for the first three quarters of 2024 [2] - The value of new signed orders increased by 121% year-on-year to 3.25 billion USD, with total backlog orders rising by 42% to 7.4 billion USD [2] Profit Forecast and Valuation - Revenue projections for 2024-2026 are 149.64 billion yuan, 167.55 billion yuan, and 181.88 billion yuan, respectively, with net profits expected to be 2.4 billion yuan, 3.42 billion yuan, and 4.47 billion yuan [2] - The corresponding price-to-earnings ratios are projected to be 19X, 13X, and 10X for the respective years [2]

Financial Performance - The company's operating revenue for Q3 2024 reached RMB 49,855,644 thousand, representing a 44.30% increase year-over-year[5] - Net profit attributable to shareholders for Q3 2024 was RMB 962,239 thousand, a significant increase of 891.78% compared to the same period last year[5] - The net cash flow from operating activities for Q3 2024 was RMB 3,057,404 thousand, up 417.32% year-over-year[5] - Basic earnings per share for Q3 2024 were RMB 0.1788, reflecting a 1092.00% increase compared to the same period last year[5] - Operating revenue for the first three quarters of 2024 reached RMB 128,970,687 thousand, a 35.58% increase compared to RMB 95,124,111 thousand in the same period of 2023[9] - Net profit for the first nine months of 2024 was RMB 2,726,205 thousand, up 87.7% from RMB 1,451,411 thousand in the same period of 2023[34] - The company's operating profit increased to RMB 4,219,218 thousand, compared to RMB 2,543,286 thousand in the first nine months of 2023, representing a growth of 66.1%[34] - Earnings per share for the first nine months of 2024 were RMB 0.3357, compared to RMB 0.0830 in the same period of 2023, reflecting a significant increase[34] Assets and Liabilities - Total assets as of September 30, 2024, amounted to RMB 180,854,440 thousand, an increase of 11.80% from the end of 2023[5] - The total liabilities increased to RMB 113.65 billion from RMB 97.13 billion, indicating a significant rise in financial obligations[28] - The company's total assets as of September 30, 2024, reached RMB 180.85 billion, an increase from RMB 161.76 billion at the end of 2023[27] - The total liabilities increased to RMB 23,255,852 as of September 30, 2024, compared to RMB 22,941,671 at the end of 2023, marking a rise of 1.4%[30] Revenue Growth by Segment - In the logistics sector, the company sold 2.49 million TEUs of dry containers, a significant increase of approximately 421.78% year-on-year, while refrigerated container sales rose by 16.60% to 93,400 TEUs[17] - The energy and chemical business segment reported a revenue increase of 8.0% to RMB 17.97 billion, with a backlog of orders growing by 25.2% to RMB 27.73 billion[21] - The marine engineering business saw a revenue increase of 77.75%, with new orders rising by 121% to USD 3.25 billion, marking a record high for the company[22] - The clean energy division's revenue grew by 26.2% to RMB 12.60 billion, driven by increased domestic natural gas consumption and significant growth in LNG vehicle bottle sales[21] - The logistics service business experienced substantial growth in revenue and profitability, focusing on integrated multimodal transport products and expanding into overseas markets[19] Financial Expenses and Cash Flow - Financial expenses surged by 175.76% to RMB 2,226,285 thousand, attributed to exchange losses from RMB to USD fluctuations[9] - The company's financial expenses for Q3 2024 were RMB 1,703,345, which is a notable increase from RMB 676,356 in the same period last year[32] - Operating cash inflow for the first nine months of 2024 reached RMB 129,725,985 thousand, a significant increase from RMB 97,625,897 thousand in the same period of 2023, representing a growth of approximately 32.9%[38] - The net cash flow from operating activities turned positive at RMB 1,610,497 thousand, compared to a negative cash flow of RMB (1,417,275) thousand in the first nine months of 2023[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,898, with 58.03% held by Hong Kong Central Clearing[10] - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning 58.03% of the shares[10] Research and Development - Research and development expenses for Q3 2024 were RMB 695,247, an increase of 24.2% from RMB 559,784 in Q3 2023[32] - Research and development expenses for the first nine months of 2024 were RMB 1,821,142 thousand, an increase from RMB 1,679,561 thousand in the same period of 2023[34] Other Financial Metrics - The company recognized government subsidies of RMB 111,618 thousand during Q3 2024[7] - Investment income improved significantly, with a gain of RMB 76,606 thousand compared to a loss of RMB 566,830 thousand in the previous year, marking a 113.51% increase[9] - The company reported a significant increase in cash received from sales of goods and services, amounting to RMB 123,489,522 thousand in 2024, compared to RMB 94,104,530 thousand in 2023, representing a growth of approximately 31.2%[38] Market and Operational Insights - The company is focusing on enhancing its financial services and management capabilities to reduce foreign exchange transaction costs[24] - The company continues to execute normal lease contracts for offshore assets, maintaining service quality while adapting to market changes[24] - The company has adopted new accounting standards effective from 2024, impacting the reporting of warranty costs, which are now included in "cost of goods sold" rather than "selling expenses"[40] Report Details - The financial report for Q3 2024 of China International Marine Containers (Group) Co., Ltd. is unaudited[43] - The report was released on October 29, 2024[43] - No specific performance metrics or user data were provided in the report[43] - Future outlook and performance guidance were not detailed in the document[43] - There was no mention of new products or technology development in the report[43] - Market expansion and acquisition strategies were not discussed[43] - Other new strategies were not highlighted in the report[43] - The report does not include any financial figures or percentage changes[43] - The company did not provide any insights into operational performance or market conditions[43] - The document primarily serves as a formal announcement of the unaudited financial report[43]

股票代码：000039、299901 股票简称：中集集团、中集 H 代 公告编号：【CIMC】2024-088 中国国际海运集装箱（集团）股份有限公司 关于第十届董事会二〇二四年度第十三次会议决议的公告 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、董事会会议召开情况 中国国际海运集装箱（集团）股份有限公司（以下简称"本公司"）第十届董事会 2024年度第13次会议通知于2024年10月17日以书面形式发出，会议于2024年10月24日以 通讯表决方式召开。本公司现有董事九人，参加表决董事九人，其中副董事长胡贤甫先 生授权董事邓伟栋先生行使表决权。本公司监事列席会议。 会议的召集召开符合《中华人民共和国公司法》《中华人民共和国证券法》《中国国 际海运集装箱（集团）股份有限公司章程》（以下简称"《公司章程》"）和《中国国际海 运集装箱（集团）股份有限公司董事会议事规则》等的有关规定。 二、董事会会议审议情况 经董事认真审议并表决，通过以下决议： 2024年11月12日（星期二）下午2：50 2、会议地点 广东省深圳市南山区蛇口港湾大道2号中集集团研发中心 3 ...