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CIMC Enric Bolsters Finances With New Issuances
Earnings Troubles May Signal Larger Issues for China International Marine Containers (Group) (SZSE:000039) Shareholders
Should Weakness in CIMC Enric Holdings Limited's (HKG:3899) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
China International Marine Containers H1 Profit Surges 117%, Operating Income Up 31%
China International Marine Containers: Net income attributable to the parent in the second quarter increased by more than 8 times quarter-on-quarter. The two major businesses of container and offshore engineering will continue to contribute to driving for
China International Marine Containers (CIMC) announced its business performance for the first half of 2024 after the close on August 28th. According to the announcement, CIMC recorded a revenue of 79.115 billion yuan in the first half of 2024, an increase of 30.6% year-on-year; and achieved a net income of 0.866 billion yuan attributable to the parent company, an increase of 117.2% year-on-year. This figure is higher than the mid-point of the previously announced forecast range of 0.83 billion yuan, exceeding market expectations. The significant growth in the company's performance in the first half of this year was mainly attributed to the simultaneous increase in volume and price of the container manufacturing business, as well as the continued improvement of the marine business. In addition, the outstanding performance of the net income attributable to the parent company can also be attributed to.
CIMC Group: 2024 Semi-Annual Report
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