On the evening of 28 April, China International Marine Containers Group (CIMC) released its first quarter 2025 performance report. The report shows that from January to March, CIMC achieved operating revenue of 36.026 billion yuan, an increase of 11.04% year-on-year; net profit attributable to shareholders was 544 million yuan, a significant increase of 550.21% year-on-year; and net cash flow from operating activities increased by 7.5 billion yuan year-on-year. The company achieved a strong start to its operations, laying a solid foundation for high-quality development throughout the year.

This year, despite the turbulent external environment, CIMC Group has strategically positioned itself, taken proactive measures, and continued to deepen its strategic layout, expanding both domestic and international markets in multiple dimensions to achieve breakthroughs in both the quality and quantity of orders. The momentum for business growth has been released across multiple dimensions. Behind this, CIMC has consistently aligned itself with the new stage of development, followed national policy directions, focused on strengthening its core business, and innovated in emerging businesses to break new ground, continuously driving the continuous improvement of operational efficiency and quality.

01Forging Core Competitive Barriers: Driving Business Development in the Logistics Sector Both Internally and Externally

At the beginning of 2025, amid increasing economic uncertainties, CIMC Group remained committed to its manufacturing core business, driven by a globalisation strategy to achieve high-quality development. Technological innovation unlocked new growth momentum, demonstrating strategic resilience and growth resilience in a complex market environment.

During the reporting period, CIMC Group consolidated the foundation of its core business development, with the container business continuing to play a stabilising role in operations, maintaining steady and robust growth. In the first quarter, despite the impact of additional tariffs imposed by the United States, global container trade demand showed an upward trend. Meanwhile, the domestic container supply chain business sentiment index remained within the favourable range. CIMC Container continued to adhere to its operational strategy of ‘steady high-quality development and business innovation breakthroughs,’ further solidifying its leading position in the industry.

Actively responding to market changes, the company maintained steady progress in its development during the new year. During the period, sales of CIMC Container Manufacturing increased year-on-year, with an overall positive trend. In particular, driven by the significant rise in demand for refrigerated containers, the group sold 36,400 TEU of refrigerated containers during the period, representing a year-on-year increase of approximately 291.40%. Meanwhile, CIMC Container continued to expand its ‘Container+’ incremental business, further opening up long-term growth potential, with its high-quality development progressing in a more steady and robust manner.

In 2025, facing intense competition and rapid technological advancements in the road transport vehicle industry, CIMC Vehicles has strategically positioned itself to seize strategic development opportunities with a holistic perspective, comprehensively building new productive capacities. From January to March, CIMC Vehicles sold a total of 29,800 vehicles globally, achieving revenue of 4.591 billion yuan. During the deepening phase of its ‘third entrepreneurial initiative,’ CIMC Vehicles adapted to change by leveraging the ‘Star Chain Plan’ and ‘Rise Plan’ to drive breakthrough transformations in its business structure.

The results of these reforms are becoming evident, with the global semi-trailer business achieving both quality and efficiency improvements, generating revenue of 3.26 billion yuan and contributing a gross profit of 530 million yuan. Domestic semi-trailer sales increased by 10.6% year-on-year. Meanwhile, CIMC Vehicles is deeply exploring the global southern market, consolidating its advantages in Southeast Asia, and focusing on regions such as Africa, Central Asia, and the Middle East to gradually build a differentiated competitive advantage, with promising prospects for future development.

Amid the ongoing global aviation industry recovery, CIMC TianDa seized the opportunity, took proactive measures, focused on innovation to drive growth, and continued to consolidate its leading position in the industry. During the period, the company benefited from the significant order growth from last year, with multiple project deliveries driving year-on-year revenue growth, ensuring robust operational momentum. Meanwhile, CIMC TianDa continued to optimise its domestic market strategy, deepen its expansion into international markets, and maintain a sustained, stable, and healthy growth trajectory in operational performance.

During the reporting period, CIMC TianDa successfully won a 50 million yuan order for ground service equipment from Morocco's RAM Handling Company and secured the Singapore SAESL automated warehousing project, marking its first entry into Singapore's high-end manufacturing sector. Additionally, by integrating cutting-edge technologies from China and Germany, CIMC TianDa successfully developed a new type of boarding rescue vehicle, contributing to the improvement of emergency response systems at domestic airports.

In the first three months of this year, CIMC Shilongda closely adhered to the development philosophy of ‘high quality, high efficiency, and new momentum,’ steadily advancing its ‘strong chain’ strategy and global ‘network’ initiative, resulting in a steady increase in revenue and profitability compared to the same period last year. Behind these achievements, CIMC Shilongda has consistently led global development with high-quality operations, continuously strengthening its multimodal transport capabilities, efficiently integrating various transport resources such as river, sea, land, rail, and air, and adhering to technology-driven innovation to build long-term competitive barriers.

02 Building Strong Momentum for Development Energy Business Seeks New Quality

Currently, as global consensus on climate change continues to deepen, CIMC is taking advantage of the situation to integrate resources with a global perspective, deeply expanding into the fields of clean energy and green industries to help build a sustainable green energy future.

As of 2025, the strategic resilience of CIMC Anritsu, the business entity for energy, chemicals, and liquid food operations, has been solidified, with accelerated globalisation and quality improvement, resulting in year-on-year increases in revenue and net profit attributable to shareholders. Revenue grew by 24.2% to 5.765 billion yuan. As of the first quarter, CIMC Anritsu had approximately 28.309 billion yuan in total orders on hand, with cumulative new orders of 4.566 billion yuan, providing ample support for long-term growth.

During the reporting period, CIMC Anrui maintained steady momentum and made all-out efforts to advance its layout in the clean energy sector. Revenue from the clean energy division increased significantly by 33.4% year-on-year to 4.342 billion yuan. Among these, the marine clean energy business achieved revenue of 1.306 billion yuan, a sharp increase of 80.0% year-on-year. Additionally, hydrogen energy business technological breakthroughs have supported market expansion, with first-quarter revenue reaching 143 million yuan and 19 hydrogen-ammonia-ethanol spherical tanks awarded, further strengthening competitive advantages in the large-scale hydrogen energy storage and transportation sector.

In the first quarter of 2025, despite the decline in oil prices due to U.S. tariff impacts, deep-sea oil and gas production continued to grow due to cost advantages. CIMC Marine Engineering secured new orders worth 0.6 billion U.S. dollars, with a total order backlog valued at 63 billion U.S. dollars, maintaining stable order volume and quality. Meanwhile, CIMC Raffles is capitalising on the strategic opportunities presented by ‘deep-sea technology,’ leveraging new capabilities to drive new momentum and accelerating the global upgrade and transformation of offshore engineering equipment.

Continuously achieving new breakthroughs, CIMC Offshore Engineering's capabilities in the construction of high-end equipment continue to rise. During the reporting period, CIMC Raffles achieved significant project construction and delivery results: In January, the world's largest and latest-generation self-elevating and self-propelled offshore wind turbine installation vessel, the BOREAS, was delivered to a Dutch company in Yantai; In February, the latest-generation wind turbine installation vessel Norse Wind, built for a Norwegian client, completed its launch and floating ceremony; In March, two 7,000-vehicle car carriers were delivered and departed from the Longkou base.

Meanwhile, as its core business continues to advance steadily, CIMC Group is accelerating its expansion into emerging sectors, with innovative businesses experiencing robust growth and gradually carving out a new growth trajectory.

Looking ahead, in the face of increasingly complex internal and external environments, CIMC Group will closely align with national strategies, actively integrate into industry development trends, and under the strategic guidance of ‘accelerating the construction of new growth drivers and striving to promote high-quality development,’ it will deeply focus on market-oriented approaches, continuously strengthen its foundation, enhance its core capabilities, and forge the core drivers of value growth, ensuring steady and sustainable progress on the journey towards sustainable development.