China International Marine Containers Co., Ltd. Provides Consolidated Earnings Guidance for the Full Year Ended December 31, 2019
January 22, 2020 at 04:14 am EST
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China International Marine Containers (Group) Co., Ltd. provided consolidated earnings guidance for the full year ended December 31, 2019. The board of directors of the company inform the shareholders of the company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the twelve months ended 31 December 2019, the Group expects the consolidated net profit attributable to shareholders and other equity holders of the parent company for the twelve months ended 31 December 2019 will decrease significantly as compared to that of the corresponding period of last year (the corresponding period of last year: profit of RMB 3,380,436,000). The company estimated net profit attributable to shareholders and other equity holders of the parent company to be in the range of RMB 1,300,000,000 to RMB 1,800,000,000. Decreased by 62% to 47% as compared to those of the corresponding period of last year. The company estimated basic earnings per share to be in the range of RMB 0.3069 to RMB 0.4465.
China International Marine Containers (Group) Co., Ltd. is a leading global producer of containers and transport equipment. Net sales break down by family of products and services as follows:
- road transport vehicles (27.9%);
- containers (22.8%): dry containers, refrigerated containers, tank containers, etc.;
- equipment for food and chemical industries (14%);
- logistics services (11.2%);
- airport equipment (6.5%): freight equipment, boarding bridges, etc.;
- petroleum equipment (5.4%);
- property development services (2.3%);
- finance services (1.8%);
- other (8.1%): primarily construction equipment (semi-trailers, tanker trucks, dump trucks, concrete mixers, garbage compressors, road sweepers, high pressure washers, etc.).
Net sales are distributed geographically as follows: China (60.2%), Asia (3.9%), Americas (18.9%), Europe (15.2%), and other (1.8%).