CIMC Profit Propelled by Urgent Shipping Demand Amid US Tariffs

April 28, 2025, 10:59 AM UTC

China International Marine Containers Group Co.’s first-quarter profit jumped more than sixfold, driven by “urgent shipping” needs amid US tariff concerns.

Net income jumped to 544 million yuan ($74.5 million) from 83.6 million yuan a year earlier, according to an exchange filing.

The Shenzhen-based firm, which designs and manufactures container products, said the uncertainty surrounding US tariffs adds to concerns about global economic growth, with an expected short-term impact on container shipping demand.

Its subsidiary CIMC Wetrans also reported steady revenue growth and profitability as its logistics business for cargo benefited from the urgent marine shipping trend.

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