China International Marine Containers (02039) released its annual performance, with a net profit attributable to shareholders of 2.21 billion yuan, while continuing to focus on its core business of container manufacturing.

China International Marine Containers (02039) announced its annual performance as of December 31, 2025. The group achieved operating income of RMB 156.611 billion, a decrease of 11.85% year-on-year; net profit attributable to shareholders of the parent company and other equity holders was RMB 2.21 billion, a decrease of 92.57% year-on-year; basic earnings per share was RMB 0.03; proposed dividend per share was RMB 0.179. The announcement stated that during the reporting period, the group's container manufacturing business realized operating income of RMB 43.009 billion (RMB 62.205 billion in the same period last year), a decrease of 30.86% year-on-year, and achieved net profit of RMB 1.882 billion (RMB 4.088 billion in the same period last year), a decrease of 53.97% year-on-year. The main reasons for the decline were the drop in standard dry container gross profit margin due to increased competition and exchange rate effects. Despite ongoing disturbances in the US tariff policy and geopolitical conflicts bringing negative factors to the supply chain, global commodity trade once again proved the resilience of the supply chain, with regional trade, Asia-Europe, and emerging market routes becoming the main drivers of growth. Clarkson's report for December 2025 showed a 4.0% year-on-year increase in global container trade volume to 222 million TEUs in 2025. In addition, factors such as rerouting through the Red Sea, port congestion, environmental requirements in shipping, and the complexity of trade routes have reduced shipping efficiency, further driving up the actual demand for dry and refrigerated containers, entering a new phase of structural growth in global container holdings. Therefore, the overall demand for new containers in 2025 remains at a good level, higher than the average of the past decade. However, due to the high base effect of standard dry cargo containers in 2024, the production and sales volume of the group's container manufacturing business fell compared to the same period last year, in line with the overall industry expectations. The cumulative sales volume of dry cargo containers was 2.2249 million TEUs (343.36 million TEUs in the same period last year), a decrease of approximately 35.2% year-on-year; benefiting from the rising industry demand, the cumulative sales volume of refrigerated containers was 208,200 TEUs (138,600 TEUs in the same period last year), an increase of approximately 50.2%, maintaining its leading position in the industry. During the reporting period, the net cash flow generated from the group's operating activities increased by 99.86% compared to the same period last year, mainly due to a decrease in cash paid for goods and services this year. The net cash flow used in investment activities by the group increased by 43.19% compared to the same period last year, mainly due to a decrease in cash paid for investments this year. The net cash flow generated from financing activities by the group decreased by 143.16% compared to the same period last year, mainly due to a significant decrease in cash received from borrowing and issuing bonds, resulting in a significant decrease in cash inflow from financing activities, while the decrease in cash outflow was relatively smaller.