Who owns CIMC?

This article is about the Chinese shipping equipment company. For the Cisco Integrated Management Controller, see Cisco Unified Computing System

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China International Marine Containers (Group) Co., Ltd (CIMC; Chinese: &#;&#;&#;&#;) 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.

China International Marine Containers was a constituent of SZSE 100 Index, but was removed in January .[2] As of 4 July  , it is one of the 200 components of SZSE 200 Index (the mid cap index of 101st to 300th companies).[3]

Corporate History

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CIMC was incorporated in Shenzhen as a joint venture on 14 January as China International Marine Containers Co., Ltd. (Chinese: &#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;&#;). After being restructured as a joint stock limited company in December , and publicly offered A shares and B shares which were listed on the Shenzhen Stock Exchange in , CIMC adopted its current name in .[4] Vanguard National Trailer Corp., CIMC's US subsidiary, acquired Monon in .[5]

Business Operations

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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 .[6] 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.

It owns Yantai CIMC Raffles Shipyard in Yantai, China.

Listing and Shareholders

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On 8 April , the A shares of CIMC were listed on the Shenzhen Stock Exchange.[7]

On 19 December , 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.[8]

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According to the Annual Report of CIMC, China Merchants Group holds 25.54% while COSCO holds 22.75% of the total shares of the company.[9]

Other container manufacturers

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References

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China International Marine Containers (Group) Co.,Ltd. (CIMC) is a world leading supplier of logistics and energy equipment, headquartered in Shenzhen of China. CIMC is dedicated to supplying high-quality and reliable equipment and services, including containers, vehicles, energy, chemical and food equipment, offshore, logistics services, airport facilities, etc. The prosperity of the businesses is supported by both CIMC Finance Co., Ltd. that provides professional capital management and by CIMC Financing Leasing Co., Ltd. that offers finance solutions. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC has over 300 member enterprises and 4 listed companies in Asia, North America, Europe, Australia and others, and extensive customers and sales networks covering more than 100 countries and regions. In , CIMC achieved the sales revenue of RMB 127.8 billion and the net profit of about RMB 18.63 billion.

CIMC was founded in January as a joint venture invested by China Merchants Group and East Asiatic Company in Shenzhen and was initially managed by EAC executives. It came to be listed in SZSE in and listed in SEHK in December . Currently, CIMC is a public A+H share listed company, whose main shareholders are Shenzhen Capital Holdings and China Merchants Group. Stimulated by the deep-seated international genes since its establishment, supported by the outstanding governance structure and propelled by the endless pursuit of technological innovation and management efficiency, CIMC has rapidly grown into a leader in many global industries.

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