China International Marine Containers (CIMC) saw its stock price plummet 5.01% in Friday's intraday trading, following the release of its disappointing third-quarter financial results. The sharp decline came as investors reacted to the significant drop in the company's profitability and revenue.

According to a filing with the Hong Kong Stock Exchange, CIMC reported a net profit attributable to shareholders of 287.5 million yuan for the third quarter, representing a substantial 70% decrease compared to the same period last year. The company's earnings per share also took a hit, falling 73% year-on-year to 0.048 yuan. Revenue for the quarter declined by 18% to 41 billion yuan, reflecting challenging market conditions.

The negative trend wasn't limited to the third quarter alone. CIMC's performance for the first nine months of the year also showed signs of strain, with net profit attributable to shareholders dropping 14% to 1.57 billion yuan, while revenue declined 9.2% to 117.1 billion yuan. These figures suggest that the company is facing persistent headwinds across its operations, which has evidently shaken investor confidence and led to the significant stock price drop observed in the market.