China International Marine Containers (CIMC) saw its stock price plummet 5.01% during Friday's intraday trading, following the release of its disappointing third-quarter financial results. The sharp decline in the company's share value comes as investors react to a significant downturn in both profit and revenue figures.

According to the company's filing with the Hong Kong Stock Exchange on Thursday, CIMC reported a net profit attributable to shareholders of 287.5 million yuan for the third quarter, marking a steep 70% decrease compared to the same period last year. This substantial profit decline was accompanied by an 18% year-on-year drop in revenue, which fell to 41 billion yuan. The earnings per share also took a hit, decreasing by 73% to 0.048 yuan.

The negative sentiment wasn't limited to the quarterly results. CIMC's performance for the first nine months of the year also showed signs of struggle, 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 paint a concerning picture of the company's overall financial health, prompting investors to reassess their positions and leading to the significant stock price decline observed in the market.