China International Marine Containers (CIMC) announced a record profit of around US$410 million in 2024, translating to an astonishing increase of over 600% compared to the previous year. Additionally, the Chinese box manufacturer increased its revenue by 40% to US$24.5 billion
According to the company’s statement, there were no significant changes in the Group’s principal operating model, and the products and businesses contributing 10% or more to the Group’s revenue included the container manufacturing business, road transportation vehicles business and energy, chemical and liquid food equipment business and logistics services business.
CIMC Chairman Mai Boliang anticipates a decline in container demand in 2025 following the record-breaking results of 2024. He expects a market correction after China’s container output surpassed 8 million TEUs last year, while uncertainties stemming from US-China tensions could further impact container shipping.
