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17 May 2022 The on-line newspaper devoted to the world of transports 14:02 GMT+2

April 28, 2022

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Original news
Accentuated quarterly decline in CIMC container sales

Less 21.5% for dry containers and less 29.6% for reefers

In the first quarter of this year, sales of containers produced by China's China International Marine Containers (Group) Co. (CIMC) reported a consistent downturn : sales of containers for dry loads amounted to 354mila teu, with a decrease of -21.5% percent in the first three months of 2021, while sales of cooler containers were 32mila teu (-29.6%). The Chinese firm specified that the comparison of the high volume of sales made in the first quarter of 2021 (although this period is necessary to specify-how much commercial activity was less satisfactory) was not satisfactory. compared to the other quarters of 2021 when the absolute quarterly sales records were marked, while the level achieved in the first quarter turns out to be the thirty-first in the company's history.) CIMC pointed out that the volume of dry box sales totaled in the first quarter of 2022, if it represents a -21.5% percent year-on-year decline, nevertheless constitutes an increase of 25.6% percent from the average level of sales in the first quarters of the last three years. In addition, the year-on-year decrement of -29.6% percent of reefer containers represents a -6.6% percent decline compared to the average of the same periods as the last three years.

In the first quarter of this year, CIMC's revenues amounted to 35.6 billion yuan (5.4 billion), up 23.2% percent over the same period in 2021. Operating profit was 2.7 billion yuan (+ 17.6% percent) and net profit of 2.0 billion yuan (+ 15.4% percent).

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