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CIMC sets performance record in 2024
Credit: Wikimedia - Creative Commons CIMC achieves record high revenue and significant improvement in key operational areas in 2024.
Dr.G.R.Balakrishnan Apr 03 2025 Exim & Trade News

CIMC sets performance record in 2024

Net profit attributable to shareholders of CIMC was RMB2.97 billion in 2024, surged 605.6% year-on-year, and the revenue was RMB177.7 billion, representing a growth rate of 39%. Of its revenues 54% came from overseas and 46% from domestic business.

CIMC achieved record-high annual container production and sales in 2024. The container manufacturing business generated RMB62.2bn revenue, accounting for 35% of total revenue. 

Newly signed offshore engineering orders amounted to $3.25 billion, also setting a historical record, mainly included FPSO and FLNG projects. “In 2024, CIMC maintained its dedication to core business and had strengthened its manufacturing advantages and developed a high-quality development blueprint for its service sectors,” said CIMC. 

The company invested RMB2.17 billion last year in research and development and established five core technological capabilities in steel structure engineering, cryogenic technology management, cryogenic high-pressure management, welding technology and deep-water equipment control, to enhance product value and international influence.

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