China International Marine Containers (Group) Co., Ltd. (CIMC) reported 2025 revenue of RMB 156.61 billion, down 11.85% year-on-year. Net profit attributable to shareholders fell 92.57% to RMB 220.82 million, primarily hit by weaker container margins, investment losses and foreign-exchange movements. Group net profit dropped 68.12% to RMB 1.34 billion.

Basic earnings per share slid to RMB 0.03 from RMB 0.53, while ROE collapsed to 0.29% from 6.00% a year earlier. Excluding non-recurring items, the company recorded a loss of RMB 30.94 million versus a profit of RMB 3.45 billion in 2024.

Operating cash flow surged 99.86% to RMB 18.51 billion, driven mainly by lower cash paid for goods and services. Free cash was deployed to cut interest-bearing debt; total borrowings declined to RMB 34.36 billion from RMB 39.13 billion, lowering the gearing ratio to 60% (2024: 61%). Cash on hand stood at RMB 24.26 billion.

Balance-sheet assets slipped 4.55% to RMB 166.80 billion, with equity attributable to shareholders edging down 1.78% to RMB 66.81 billion after share repurchases of 146.18 million shares.

Segment performance was mixed: • Container Manufacturing revenue plunged 30.86% to RMB 43.01 billion; segment profit halved to RMB 1.88 billion amid intense competition and FX pressure. • Road Transportation Vehicles contracted 3.91% to RMB 20.18 billion, generating profit of RMB 0.93 billion (-14.29%). • Energy, Chemical & Liquid Food Equipment grew 6.31% to RMB 27.19 billion, lifting profit 42.15% to RMB 1.04 billion on strong clean-energy demand. • Offshore Engineering rose 8.35% to RMB 17.94 billion and swung to a profit of RMB 1.06 billion from RMB 0.22 billion in 2024. • Logistics Services revenue fell 14.64% to RMB 26.79 billion; profit retreated 16.65% to RMB 0.36 billion. • Finance & Asset Management remained loss-making, though its deficit narrowed 21.00% to RMB 1.43 billion.

Cost pressures persisted: gross margin was broadly flat at 12.45%, but foreign-exchange losses totalled RMB 1.11 billion versus gains a year earlier, and investment losses widened to RMB 1.41 billion.

The board proposes a cash dividend of RMB 0.179 per share (tax inclusive), payable by 31 August 2026, equivalent to a total distribution of about RMB 0.94 billion, subject to shareholder approval.

Looking ahead, management will prioritise “synergistic and stable operations” in containers, deepen transformation at CIMC Vehicles, expand offshore engineering orders, and continue deleveraging through enhanced cash generation. The company identifies global trade volatility, currency fluctuations, and raw-material pricing as key external risks for 2026.