Core Insights - The company reported a revenue of RMB 760.90 billion for H1 2025, a year-on-year decrease of 3.82%, while the net profit attributable to shareholders was RMB 12.78 billion, an increase of 47.63% [1] - In Q2 2025, the company achieved a revenue of RMB 400.64 billion, down 14.16% year-on-year but up 11.21% quarter-on-quarter, with a net profit of RMB 7.34 billion, down 6.11% year-on-year but up 35.04% quarter-on-quarter [1] Container Manufacturing - The container manufacturing segment generated revenue of RMB 217.35 billion in H1 2025, a decline of 12.88%, but net profit rose to RMB 14.44 billion, an increase of 13.20% [2] - The sales volume of dry cargo containers was 1.1259 million TEU, reflecting a year-on-year decrease of approximately 18.57% due to high base effects from the previous year [2] - The demand for refrigerated containers surged, with sales reaching 92,000 TEU, a year-on-year increase of approximately 105.82% driven by strong demand for South American fruit exports and high cold chain freight rates [2] Offshore Engineering - The offshore engineering segment reported revenue of RMB 80.14 billion in H1 2025, a year-on-year increase of 2.95%, and net profit of RMB 2.81 billion, reversing a loss of RMB 0.84 billion in the same period last year [2] - New orders totaled USD 1.06 billion, with a backlog of USD 5.55 billion, reflecting a decrease from the end of the previous year due to orders entering the delivery phase [2] - The company signed new lease agreements for semi-submersible drilling platforms, indicating ongoing demand in the oil and gas sector [2] Energy and Chemical Equipment - The energy, chemical, and liquid food equipment segment achieved revenue of RMB 130.09 billion in H1 2025, a year-on-year increase of 7.32%, with net profit rising by 90.26% to RMB 4.60 billion [3] - The main operating entity, CIMC Enric, reported revenue of RMB 126.1 billion, a 9.9% increase, and net profit of RMB 5.6 billion, a significant growth of 15.6% [3] - New orders amounted to RMB 107.4 billion, with a backlog of RMB 291.8 billion as of June 30, 2025, showcasing strong order intake in the LNG and methanol power pack sectors [3] Future Outlook - The company maintains a "buy" rating, anticipating net profits of RMB 33.5 billion and RMB 43.5 billion for 2025 and 2026, respectively, with corresponding P/E ratios of 13 and 10 times [4]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company reported a revenue of 76.09 billion yuan for H1 2025, a year-on-year decrease of 3.82%, while the net profit attributable to shareholders was 1.278 billion yuan, an increase of 47.63% [2][6]. - In Q2 2025, the company achieved a revenue of 40.064 billion yuan, down 14.16% year-on-year but up 11.21% quarter-on-quarter, with a net profit of 734 million yuan, down 6.11% year-on-year but up 35.04% quarter-on-quarter [2][6]. - The container manufacturing business generated a revenue of 21.735 billion yuan, a decrease of 12.88%, but net profit increased by 13.20% to 1.444 billion yuan [11]. - The offshore engineering segment saw a revenue of 8.014 billion yuan, a growth of 2.95%, and turned a profit of 281 million yuan compared to a loss in the previous year [11]. - The energy and chemical equipment segment reported a revenue of 13.009 billion yuan, an increase of 7.32%, and net profit surged by 90.26% to 460 million yuan [11]. - The company expects to achieve net profits of 3.35 billion yuan and 4.35 billion yuan for 2025 and 2026, respectively, corresponding to price-earnings ratios of 13 and 10 times [11]. Summary by Sections Financial Performance - For H1 2025, the company achieved a total revenue of 76.09 billion yuan, with a net profit of 1.278 billion yuan, marking significant growth in profitability despite a slight decline in revenue [2][6]. - The Q2 results showed a revenue of 40.064 billion yuan and a net profit of 734 million yuan, indicating a recovery trend quarter-on-quarter [2][6]. Business Segments - Container Manufacturing: Revenue decreased by 12.88% to 21.735 billion yuan, but net profit increased by 13.20% to 1.444 billion yuan, driven by strong demand for refrigerated containers [11]. - Offshore Engineering: Revenue grew by 2.95% to 8.014 billion yuan, with a net profit of 281 million yuan, indicating a recovery from previous losses [11]. - Energy and Chemical Equipment: Revenue increased by 7.32% to 13.009 billion yuan, with net profit rising by 90.26% to 460 million yuan, showcasing strong performance in this segment [11]. Market Outlook - The company maintains a positive outlook for its offshore segment and other business areas, expecting continued growth in profitability and market share [11].

Group 1 - The core viewpoint of the news is that CIMC Group has demonstrated strong financial performance in the first half of 2025, with significant growth in revenue and net profit, showcasing its resilience and high-quality development amid market fluctuations [1][2] - CIMC's total revenue for the first half of 2025 reached 76.09 billion yuan, with a net profit of 1.764 billion yuan, and a year-on-year increase in net profit attributable to shareholders of approximately 12.78 billion yuan, up 47.63% [1] - The net cash flow from operating activities was 7.154 billion yuan, a substantial increase of 594.46% year-on-year, indicating strong cash generation capabilities [1] Group 2 - CIMC's container business continues to be a key driver, with container manufacturing revenue of 21.735 billion yuan and a net profit of 1.444 billion yuan, reflecting a year-on-year increase of 13.20% [1] - The sales volume of dry cargo containers reached 1.1259 million TEU, maintaining industry leadership, while refrigerated container sales surged to 92,000 TEU, a year-on-year increase of approximately 105.82% [1] - CIMC Vehicles reported revenue of 9.753 billion yuan and a gross profit of 1.464 billion yuan, with strong growth potential demonstrated through the global sales of approximately 52,600 semi-trailers [2] - CIMC Tian Da achieved a revenue growth of 29.83% and a net profit growth of 119.57%, indicating robust performance in its core metrics [2] - CIMC Logistics Services generated revenue of 13.579 billion yuan and a net profit of 202 million yuan, becoming the second-largest revenue source for the group [2] - The energy, chemical, and liquid food business segment, represented by CIMC Anruike, reported revenue of 12.61 billion yuan, a year-on-year increase of 9.9%, and a net profit of 560 million yuan, up 15.6% [2]

Group 1 - The core viewpoint of the articles highlights the strong financial performance of CIMC Group in the first half of the year, with a revenue of 76.09 billion yuan and a net profit of 1.764 billion yuan, indicating a year-on-year growth of 47.63% in net profit attributable to shareholders [2] - CIMC's container business remains a key pillar, generating revenue of 21.735 billion yuan and a net profit of 1.444 billion yuan, with a year-on-year increase of 13.20% [2] - The sales volume of dry cargo containers reached 1.1259 million TEUs, maintaining industry leadership, while refrigerated container sales surged by approximately 105% to 92,000 TEUs [2] Group 2 - CIMC Vehicles reported revenue of 9.753 billion yuan and a gross profit of 1.464 billion yuan, showcasing strong growth potential amid industry transformation [2] - The "Starlink Plan" and "Xiongqi Plan" have shown significant results, with global sales of various semi-trailers reaching approximately 52,600 units during the reporting period [2] - CIMC Anrui's revenue reached 12.61 billion yuan, a year-on-year increase of 9.9%, with a net profit of 560 million yuan, up 15.6% [3] Group 3 - CIMC Anrui's clean energy segment saw revenue growth of 22.2%, achieving 9.63 billion yuan, driven by the global demand for clean energy [3] - CIMC Group is focusing on high-end marine deep-sea equipment, particularly in strategic emerging fields such as deep-sea oil and gas development and offshore wind power [3] - CIMC's marine engineering business achieved revenue of 8.014 billion yuan and net profit of 281 million yuan, successfully turning a profit [3] Group 4 - CIMC has a global development strategy, with R&D centers and manufacturing bases in over 20 countries and regions, and more than 30 overseas entities [3]

Core Viewpoint - 中集集团's mid-year performance shows a decline in revenue but a significant increase in net profit, indicating effective cost management and strategic focus on profitable segments [1][2]. Financial Performance - In the first half of 2025, 中集集团 reported revenue of 760.90 billion yuan, a year-on-year decrease of 3.82% [1]. - The net profit attributable to shareholders reached 12.78 billion yuan, marking a year-on-year increase of 47.63% [1]. - The company’s interest-bearing debt decreased by over 5 billion yuan compared to the same period last year, leading to lower financing costs [2]. Business Segments - The container business saw a gross profit margin increase of 3.95 percentage points year-on-year, contributing to an overall gross margin increase of 1.94 percentage points [1]. - Container sales volume reached 1.1259 million TEU, a decline of approximately 18.57% year-on-year due to high base effects from the previous year [4]. - Cold container demand grew significantly, with sales of 92,000 TEU, reflecting a year-on-year increase of approximately 105.82% [4]. - The container manufacturing segment generated revenue of 21.735 billion yuan, down 12.88% year-on-year, but net profit increased by 13.20% to 1.444 billion yuan [4]. Market Outlook - The global trade volume is expected to increase by 300 billion USD in the first half of 2025, with 230 billion USD attributed to goods trade growth [4]. - The company anticipates steady development in the container logistics sector, supported by cost advantages from large-scale steel procurement and smart manufacturing initiatives [4]. Marine Engineering Business - The marine engineering segment achieved revenue of 8.014 billion yuan, a year-on-year increase of 2.95%, with a net profit of 281 million yuan, recovering from a loss of 84 million yuan in the previous year [4]. - The segment includes oil and gas equipment manufacturing, offshore wind power installation vessels, and special shipbuilding [5]. - New orders in the marine engineering sector totaled 10.6 million USD, down from 1.79 billion USD in the same period last year [5]. - The company has a backlog of orders amounting to 5.55 billion USD, with projects extending into 2028, indicating strong future demand [7].

2025 Interim Results Announcement Singamas Container Holdings Limited www.singamas.com 29 August 2025 1 按一下以編輯母片標題樣式 (Incorporated in HK with Limited Liability) (HKEx stock code: 00716) Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for any ordinary shares ("Shares") or rights to purchase Shares in Singamas Container Holdings Limited ("Sing ...

Group 1: Industry Overview - The global container shipping industry is experiencing increased volatility due to factors such as tariff changes and geopolitical tensions, yet international trade volume continues to grow, indicating a shift towards "re-globalization" with emerging markets in Africa, South America, and South Asia becoming key growth nodes [1][8] - The container supply chain sentiment index remains in a positive range, with a reported index of 176.61 in July 2025, reflecting an upward trend in new container production and slight price increases [4][5] Group 2: Company Performance - CIMC Group reported a significant increase in revenue and profit for the first half of 2025, achieving operating income of 76.09 billion yuan and a net profit of 1.278 billion yuan, marking a year-on-year growth of 47.63% [2] - The container manufacturing segment remains a strong pillar for CIMC Group, with revenues of 21.735 billion yuan and a net profit of 1.444 billion yuan, reflecting a 13.2% increase year-on-year, alongside a record sales volume of 1.1259 million TEU for dry containers [2][3] Group 3: Market Dynamics - Despite uncertainties from tariff changes, domestic trade in China is steadily growing, with a reported import and export volume of 21.79 trillion yuan in the first half of 2025, up 2.9% year-on-year [4] - The demand for refrigerated containers has surged, with sales reaching 92,000 TEU, doubling year-on-year, driven by strong export demand for fruits from South America [2][5] Group 4: Future Outlook - The global container shipping market is projected to see a trade volume increase of 2.5% by the end of 2025, reaching 219 million TEU, supported by a significant rise in imports to the U.S. and exports from the EU [5][6] - Shipping companies are actively preparing for emerging markets and new shipping routes, with new container ship orders reaching 1.9201 million TEU in the first half of 2025, a 25.78% increase from the same period in 2024 [9]

Group 1 - China International Marine Containers (Group) Co., Ltd. (CIMC) reported a revenue of 76.09 billion yuan and a net profit of 1.764 billion yuan for the first half of 2025, with a year-on-year increase in net profit of 47.63% [2] - The container manufacturing segment generated revenue of 21.735 billion yuan and a net profit of 1.444 billion yuan, reflecting a year-on-year growth of 13.20% [2] - The sales volume of dry cargo containers reached 1.1259 million TEUs, maintaining industry leadership, while refrigerated container sales surged by approximately 105.82% to 92,000 TEUs due to increased market demand [2] Group 2 - The aviation industry has continued to show stable growth since 2025, with CIMC's subsidiary, CIMC Tianda, achieving a revenue increase of 29.83% and a net profit increase of 119.57% in the first half of 2025 [3] - CIMC Tianda aims to strengthen its core advantages in airport equipment and explore cutting-edge demands in the firefighting industry to enhance competitiveness and promote sustainable development [3]

Core Viewpoint - CIMC Group reported a decline in revenue for the first half of 2025, but a significant increase in net profit, indicating a mixed performance amid varying demand in different segments [1] Financial Performance - The company achieved an operating revenue of 76.09 billion yuan, a year-on-year decrease of 3.82% [1] - Net profit attributable to shareholders and other equity holders was 1.278 billion yuan, reflecting a year-on-year increase of 47.63% [1] - Basic earnings per share stood at 0.23 yuan [1] Sales Performance - The total sales volume of dry cargo containers was 1.1259 million TEU, down approximately 18.57% from 1.3827 million TEU in the same period last year, influenced by a high base effect [1] - In contrast, the sales volume of refrigerated containers reached 92,000 TEU, a significant year-on-year increase of about 105.82% from 44,700 TEU, driven by strong demand for South American fruit exports and high cold chain freight rates [1]

Core Insights - The company reported a mid-year revenue of approximately 76.09 billion yuan, with an operating profit of about 2.817 billion yuan, reflecting a year-on-year growth of 33.15% [1] - The net profit attributable to shareholders and other equity holders was around 1.278 billion yuan, marking a year-on-year increase of 47.63% [1] - Basic earnings per share stood at 0.23 yuan [1] Business Segment Performance - The container manufacturing segment achieved a revenue of 21.735 billion yuan, with a net profit of 1.444 billion yuan, showing a year-on-year increase of 13.20% [1] - The sales volume of dry cargo containers was 1.1259 million TEU, a decrease of approximately 18.57% compared to the previous year's 1.3827 million TEU, influenced by a high base from the previous year [1] - In contrast, the demand for refrigerated containers surged, with sales reaching 92,000 TEU, up about 105.82% from 44,700 TEU in the same period last year, driven by strong export demand for South American fruits and high cold chain freight rates [1] Global Strategy and Market Position - The company continues to strengthen its global layout strategy, with R&D centers and manufacturing bases distributed across nearly 20 countries and regions, and over 30 overseas entities, primarily in Europe and North America [1] - The company’s domestic revenue accounted for approximately 51%, while international revenue made up about 49%, maintaining a balanced market position [1]