On the evening of October 27, CIMC (CIMC, stock code: 000039) officially released the third quarter performance report of 2021. According to the report, from January to September 2021, CIMC achieved operating income of RMB118.242 billion (RMB, the same below), up 85.94% year-on-year; net profit attributable to the mother was RMB8.799 billion, up 1161.42% year-on-year; basic earnings per share was RMB2.4056, up 1620.74% year-on-year; and weighted average return on net assets was 19.83%.
This is the first time that CIMC, founded in 1980 in Shenzhen Shekou, has been in production for 39 years and has been listed for 27 years, and its revenue has exceeded 100 billion yuan, successfully ranking among the "100 billion club". What is more noteworthy is that the historic achievement of 100 billion yuan of revenue was completed by CIMC in only 9 months this year.
CIMC is the world's leading supplier of logistics equipment and energy equipment, headquartered in Shenzhen, China.
According to the list of the top 500 Chinese enterprises in 2021 released in September this year, from the perspective of revenue in 2020, 13 enterprises in Shenzhen have previously been operating among the "100 billion club", namely Ping An Insurance (Group) Co., Ltd., Huawei Investment Holding Co., Ltd., Zhengwei International Group Co., Ltd., Evergrande Group Co., Ltd., Tencent Holding Co., Ltd., China Merchants Bank Co., Ltd., Vanke Enterprise Co., Ltd., Shenzhen Investment Holding Co., Ltd., BYD Co., Ltd., SF Holdings Co., Ltd., OCT Group Co., Ltd., China General Nuclear Power Group Co., Ltd., ZTE Corporation Limited. Among them, Ping An Insurance entered the "trillion club" and its revenue reached 1,321.4 billion yuan in 2020.
Profits in the third quarter exceeded those in the first half of the year, and the performance of various businesses in the logistics field was eye-catching
At present, CIMC is promoting the group's business towards high-quality development, and the "gold content" of this 100 billion report card is also eye-catching. The report shows that from July to September 2021, CIMC achieved revenue of 45.058 billion yuan and net profit attributable to the mother of more than 4.5 billion yuan, which is slightly more than the total profit of the six months in the first half of this year.
Among CIMC's major businesses, the revenue or profit of container manufacturing, road transport vehicles, energy/chemical/liquid food equipment, logistics services, airports, recycling vehicles and other businesses have achieved significant growth, and the scale and quality of overall financial revenue have shown a gratifying upward growth trend.
In the first three quarters of this year, in order to alleviate the shortage of boxes in the market and ensure the demand for China's foreign trade export containers, CIMC container manufacturing business did its best to ensure the supply of new containers by increasing resource input, improving production efficiency, and fully releasing production capacity. The production and sales volume and operating income of this business have increased significantly year-on-year, of which the cumulative sales volume of dry cargo containers is 1.9085 million TEU (container volume statistics unit, with 20-foot containers as THE TEU), an increase of about 220.81% year-on-year, and the cumulative sales volume of refrigerated containers is 130,000 TEU, an increase of about 54.58% year-on-year.
In the first three quarters, CIMC road transport vehicles sold a total of 163,300 semi-trailers, special vehicles and light van bodies worldwide, an increase of 21.0% year-on-year. According to the results of the first three quarters disclosed earlier by the independent listed entity CIMC Vehicles, CIMC Vehicles achieved operating income of 22.56 billion yuan, an increase of more than 20% year-on-year.
CIMC road transport vehicle business.
CIMC's airport and logistics equipment, fire and rescue equipment business also achieved good development results in the first three quarters. Inventory orders in the airport equipment business maintained considerable growth; the performance of CIMC's automated logistics equipment business also continued to improve; in addition, as CIMC continued to launch new sets of high-end fire fighting equipment at home and abroad, the performance of CIMC's fire and rescue equipment business rose steadily.
CIMC Tianda's boarding bridge products are distributed in more than 70 countries and more than 300 airports around the world.
CIMC Logistics Service Business has achieved rapid growth in business volume and operating income through the extension of business chain and organic synergy. This business segment entered the international air cargo market in the third quarter, improved the service network layout in the most active areas of the global economy such as Europe, North America, Australia and New Zealand, and Southeast Asia, and provided five-class general logistics services with "river, sea, rail, air and land".
In the first three quarters, the revenue of CIMC's recycling vehicle business increased significantly. Among them, the production capacity of new energy cycle vehicle products has entered a period of rapid expansion, and the newly planned production base will greatly increase production capacity and output value after it is put into operation. In addition, CIMC continues to focus on the leasing and operation business of recycling vehicles, which has achieved major business breakthroughs in the recycling packaging of home appliances and fresh agricultural products, and will soon be officially operational. At the same time, the intelligent leasing operation platform for circular vehicles has been launched, and the follow-up will greatly improve the efficiency of leasing operation and management.
Clean energy revenue grew rapidly year-on-year
In the first three quarters of 2021, benefiting from strong industry demand and the gradual control of the global epidemic, the revenue of CIMC ENRIC HOLDINGS Holdings Limited (hereinafter referred to as "CIMC ENRIC"), the main operating entity of CIMC's energy, chemical and liquid food business, increased significantly.
As of the end of September, CIMC ENRIC had orders in hand of about RMB12.48 billion, of which the revenue of the clean energy business segment increased significantly year-on-year. In July, CIMC ENRIC acquired scarce resources such as docks and terminals along the Yangtze River for RMB529 million, consolidating and expanding CIMC's scale and cost competitive advantage in the field of water clean energy equipment manufacturing and engineering, and successfully completed the first oil-gas-hydrogen joint construction station in Hebei Province, which was successfully completed, and its refueling scale and energy comprehensive service capabilities were in a leading position. Benefiting from the gradual control of the global epidemic and the recovery of global trade, CIMC Enrico's chemical environment business segment also increased significantly year-on-year.
In addition, CIMC's liquid food business has also achieved steady growth. While consolidating its leading position in the brewing and distillation equipment industry, CIMC ENRIC is committed to exploring new areas of liquor brewing such as liquor and gradually achieving more results in the market. The most noteworthy thing is that the business made significant progress in the Chinese market in the first three quarters, and in early September, CIMC Enric won the bid for the Shuijingfang liquor project, with an order amount of more than 100 million yuan. On September 30, the vodka production line of qionglai bacchus project, the largest spirit distillery in Asia, built by CIMC, was successfully produced and achieved a stage victory.
In the first three quarters, offshore wind power-related equipment developed rapidly under the dual benefits of the global energy consumption transformation wave and the dual carbon policy goal, and became a bright spot in the market. From January to September, of the US$1.271 billion (about RMB8.1 billion) of the new effective orders for CIMC's offshore engineering business, in addition to the OIL and gas production platform of US$387 million, offshore wind power and clean energy related orders reached US$373 million, in addition to US$468 million for motor transport vessels, and a total of US$43 million for other contracts. At present, CIMC's offshore engineering business has accumulated orders worth US$1.817 billion, a significant increase compared with the same period last year.
Innovative business is full of vitality
CIMC's innovative business and innovative enterprises have always been expected and concerned by the public, and the first three quarters of this year have also burst out of great vitality, contributing more and more strength to the development of CIMC Group.
In the first three quarters of 2021, CIMC Modular Construction Investment Co., Ltd. (hereinafter referred to as "CIMC Modular"), a subsidiary of CIMC, obtained the Grade II qualification for general contracting of building construction on the basis of the original Grade A design qualification for buildings; at the same time, CIMC Modular also updated its modular construction business strategy in a timely manner and made new explorations in the field of industrial construction.
CIMC Modular Building General Contractor China Overseas Chinese Health Station Project is about to be completed.
In terms of cold chain business, CIMC cold chain business mainly lays out cold chain equipment manufacturing and cold chain logistics services, and increases strategic investment layout, and currently has competitive advantages in cold containers, cold vehicles, mobile cold storage and other fields.
CIMC Mobile's cold storage business continued to exert efforts, and reached a strategic cooperation with Guangdong Tianye Cold Chain (Guangdong Supply and Marketing) around the construction of The Tiantou cold chain system; in July this year, CIMC Cold Cloud won the bid for the "Wuhan Institute of Biological Products New Crown Vaccine Export Temperature-controlled Packaging Equipment Project".
CIMC is also continuing to expand cold chain services such as vaccine transportation and fresh cold chain. CIMC Cold Cloud has provided cold chain transportation services for six domestic COVID-19 vaccine manufacturers, including one-stop services such as cold chain packaging design, packing, inland transportation, airport customs declaration, and airport operation. CIMC Logistics has provided Southeast Asian import cold chain business for a number of large import fruit and vegetable merchants and import e-commerce platforms, and has actively laid out fresh export business, and the income of cross-border fresh transportation multimodal transport business has reached a new high.
CIMC Cold Cloud Pharmaceutical Incubator provides a solution for the global transport of vaccines.
In the first three quarters, under CIMC's container sector, the integrated equipment business outside the traditional transportation container business continued to grow. Energy and environmental protection integrated equipment is the focus of the container layout "container +" business. The energy integrated equipment business mainly focuses on new energy substation equipment, power generation equipment, electrochemical energy storage equipment, energy operation and maintenance equipment and new energy charging and replacing equipment, among which new energy substation and energy storage equipment are the most valued and also receive considerable attention from the capital market. CiMC's environmental protection integrated equipment business mainly focuses on water treatment equipment, and the container plate plans to enter 6 market segments such as village and town domestic sewage treatment, river interception treatment, and decentralized water supply system.
It is reported that in the future, CIMC's integrated equipment business will continue to deepen the two major areas of energy and environmental protection, deepen cooperation with leading customers in the energy and environmental protection fields, and actively explore new "container +" application areas.
[Reporter] Ma Fang
【Author】 Ma Fang
【Source】 Southern Press Media Group South + client
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