The Chinese producers of container CIMC and archiviano Singamas one 2019 difficult one



2019 have been a year not certainly positive for intermodal the Chinese producers of container CIMC and Singamas that has recorded a decided decrease is of the economic results that of the volumes of sale and production of containers.

Last year the volume of transactions of China International Marine Containers (CIMC) is piled to 85,81 billion yuan (12 billion dollars), with a bending of the -8,2% on 2018, of which 20,16 billion yuan generated from the segment of the production of container (- 36.1%), included 11,54 billion deriving from the sale of container for cargos dry (- 46.6%) and 4,16 billion from the container sale refrigerator (- 17.2%). Sales of containers that in the 2019 have been pairs to 899 thousand teu relatively to dry container (- 41.8%) and to 137 thousand teu to the container reefer (- 18.3%). CIMC it has totaled an operating profit of 5,84 billion yuan (- 9.9%) and a profit of clearly 2,51 billion yuan (- 38.3%) with a contribution of 137 million yuan by the segment of the production of container (- 92.8%).

In the solo fourth trimester of 2019 CIMC has sold containers for a total pairs to 232 thousand teu, with a reduction of the -40,3% on the same period of the year precedence, of which 181 thousand unit for cargos 2.7% dry (- 46.1%) and almost 51 thousand unit refrigerator (-). In the period October-December last year the revenues are piled to 24,15 billion yuan (- 9.2%), of which 4,45 billion in the field of the container production (- 35.5%). The operating profit has been of 4,11 billion (+62.9%) and the profit of clearly 1,29 billion yuan (+6.0%).

The Singamas compatriot has archived item 2019 with revenues pairs to 712,2 million dollars, with a decrease of the -60,6% on the year precedence that is effect is of the weakening of the question of container for cargos dries is of the cession of factories to the shipowning group Chinese COSCO Shipping that has been capacity to term 2nd August(on 6 May 2019). Last year the revenues generated from the segment of the container production have been attested to 683,9 million dollars (- 61.6%), of which 453,9 million dollars in the section of dry the boxes (- 67.9%), 92,3 million in that of reefer (- 7.1%) and 33, million dollars in that of the container reservior (- 49.6%). The revenues deriving from the logistic activities of the company have been pairs to 28,3 million dollars (+3.2%). Operating result and economic result clearly have been both of sign negative and pairs to -96,0 million and -110,8 million dollars regarding results of positive sign for 35,0 million and 73,4 million dollars in 2018. In the 2019 factories of the Singamas they have produced to containers for a total pairs to 352 thousand teu (- 57.9%), while the sales volume has been pairs to 340 thousand teu (- 59.6%), with an average price of sale that relatively to dry the container has been of 1.779 dollars/teu (- 17.5%).

In the single second half of the 2019 revenues of the Singamas they are piled to 128,2 million dollars, with a decrease of the -86,3% on the same period of the year precedence, of which 113,4 million generated from the production of container (- 90.9%) and 14,8 million dollars from logistic activities (+6.3%). Operating result and economic result clearly have been of sign negative for -58,8 million and -60,1 million dollars regarding results of positive sign for 24,8 million and 75,9 million dollars in the second half of the year of 2018. In the period July-December last year the production of container of the Singamas is come down of the -88,3% to 44 thousand teu and the container sale is dropped of the -88,5% to 44 thousand teu.