China International Marine Containers

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China International Marine Containers (Group) Company Ltd
中国国际海运集装箱(集团)股份有限公司
中國國際海運集裝箱(集團)股份有限公司
Type State-owned enterprise
Public company
Traded as SEHK2039
SZSE: 000039
Industry Shipping and Logistics
Founded 14 January 1980
Headquarters Shenzhen, Guangdong, People's Republic of China
Area served People's Republic of China
Key people Legal Representative and Chairman: Li Jianhong
Revenue RMB 57.874 billion (2013)
Net income RMB 2.18 billion (2013)
Employees 57,686 (as at 31 December 2013)
Parent China Merchants Group, COSCO
Website Official Website

China International Marine Containers (Group) Co., Ltd (CIMC; Chinese: 中集集团) (SZSE: 000039, SEHK2039) is a Chinese company principally engaged in the manufacture and sale of transportation equipment, such as containers, road transport vehicles and airport ground-handling equipment.

Corporate History[edit]

CIMC was incorporated in Shenzhen as a joint venture on 14 January 1980 as China International Marine Containers Co., Ltd. (中國國際海運集裝箱股份有限公司). After being restructured as a joint stock limited company in December 1992, and publicly offered A shares and B shares which were listed on the Shenzhen Stock Exchange in 1994, CIMC adopted its current name in 1995.[1]

Business Operations[edit]

Its container department produces dry freight containers, refrigerated containers, special containers and other containers. CIMC also offers road transport vehicles, including logistics vehicles, tanker trailers and construction vehicles. In addition, the Company designs and manufactures passenger boarding bridges and cargo handling systems for airports. Based in Shenzhen, Guangdong Province, CIMC is also engaged in the real estate industry through its subsidiaries.

With over 40% market share in the international container business and 56% market share in the dry marine container market, CIMC has been the biggest container-manufacturing company in the world since 1996.[2] It has 12 production bases lay out in South, East and North of China, with products ranging from dry van, reefer, tank and other special containers. The customers include leading shipping companies and container leasing companies.

Listing and Shareholders[edit]

On 8 April 1994, the A shares of CIMC were listed on the Shenzhen Stock Exchange.[3]

On 19 December 2012, CIMC converted its B shares into H shares, and listed its H shares by way of introduction on the Main Board of the Stock Exchange of Hong Kong, being the first enterprise in China to do so. [4]

According to the 2013 Annual Report of CIMC, China Merchants Group holds 25.54% while COSCO holds 22.75% of the total shares of the company.[5]

References[edit]

  1. ^ p.7, Annual Report 2013
  2. ^ Tsui, Sandra (2008-12-11). "Top box firm halts output". Lloyd's List Daily Commercial News (Informa Australia). p. 16. 
  3. ^ p.6, Annual Report 2013
  4. ^ p.6, Annual Report 2013
  5. ^ p.100, Annual Report 2013 of CIMC

External links[edit]