According to Zhitong Finance App, CIMC Group (000039.SZ) released its 2023 annual report. During the reporting period, the Group achieved operating income of RMB 127.81 billion, a year-on-year decrease of 9.70%, gross margin remained at 13.77%, and net profit was approximately RMB 1,863 billion.

Among them, net profit attributable to shareholders and other equity holders of the parent company was 421 million yuan, and net profit attributable to shareholders of the parent company and other equity holders after deducting non-recurring profit and loss was 665 million yuan. Achieved basic earnings per share of RMB 0.07. It is proposed to distribute a cash dividend of RMB 0.022 (tax included) for each share to all shareholders.

Among the Group's main businesses, the operating income of road transport vehicle business, energy/chemical and liquid food equipment business, marine engineering business, airport and logistics equipment, fire and rescue equipment business, finance and asset management business increased, while container manufacturing business, logistics service business, and recycling vehicle business declined. There were no major changes in the Group's main business model during the reporting period. During the reporting period, the products and businesses that accounted for more than 10% of the Group's revenue were container manufacturing business, road transport vehicle business, energy, chemical and liquid food equipment business, and logistics service business.

During the reporting period, the Group's container manufacturing business achieved operating revenue of RMB 30.213 billion and net profit of RMB 1,794 billion. In 2023, the overall situation was affected by adverse factors such as high overseas inflation, continued interest rate hikes between Europe and the US, and geographical conflicts. Global economic growth momentum was insufficient, European and American consumer consumption and global commodity trade growth slowed, and the shipping market showed cyclical adjustments. Furthermore, with the gradual improvement of overseas port and supply chain congestion, there was redundancy of containers in global circulation, and the new container market experienced a cyclical trough. During this period, the Group's container manufacturing business actively adjusted its business strategy according to business changes and saved resources. On the one hand, in the face of tight orders and declining prices, basic management has been further consolidated through measures such as improving the level of intelligent manufacturing, comprehensively optimizing content, improving efficiency and reducing costs, etc., to ensure leading comprehensive competitiveness in terms of quality, cost, and efficiency. On the other hand, by continuously strengthening product technology innovation, solving market and industry pain points, successfully seizing market opportunities in product fields such as truck containers, self-loading containers, and special railway containers in 2023, helping the Group's container manufacturing business continue to grow rapidly in terms of incremental business, further consolidating and broadening the path of enterprise development.

It is worth mentioning that during the reporting period, CIMC achieved revenue of RMB 25.087 billion (same period last year: RMB 23.621 billion), up 6.21% year on year; realized net profit of RMB 2,448 billion (same period last year: RMB 1,114 billion), a sharp increase of 119.80% year on year. Among them, total equity disposal income was generated due to the transfer of 100% of the shares of Shenzhen CIMC Special Vehicle Co., Ltd. held by CIMC Vehicles and its subsidiaries to the Group. After deducting the impact of income tax, this generated non-recurring revenue of approximately RMB 848 million.