China International Marine Containers (Group) Co., Ltd (CIMC; ) 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
SZSE 100 Index are indice of Shenzhen Stock Exchange. It consists of SZSE 100 Price Index () and SZSE 100 Return Index (), using the same constituents but different methodology.
Despite it was intended as the blue-chip index of Shenzhen Stock Exc ...
, but was removed in January 2017. , it is one of the 200 components of
SZSE 200 Index (the mid cap index of 101st to 300th companies).
Corporate History
CIMC was incorporated in Shenzhen as a joint venture on 14 January 1980 as China International Marine Containers Co., Ltd. (). 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. Vanguard National Trailer Corp., CIMC's US subsidiary, acquired Monon in 2003.
Business Operations
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
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sa ...
.
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. 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
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
.
Listing and Shareholders
On 8 April 1994, the A shares of CIMC were listed on the Shenzhen Stock Exchange.
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
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repo ...
, being the first enterprise in China to do so.
According to the 2013 Annual Report of CIMC,
China Merchants Group
China Merchants Group Limited () is an international state-owned corporation (SOE) of the People's Republic of China. The company is operating under the auspices of the Chinese Ministry of Transport.
Founded in 1872 China Merchants Steam Navig ...
holds 25.54% while
COSCO holds 22.75% of the total shares of the company.
[p.100, Annual Report 2013 of CIMC]
Other container manufacturers
*
CXIC
*
DFIC
*
SINGAMAS
References
External links
China International Marine ContainersVanguard National Trailer Corporation
{{authority control
Former companies in the SZSE 100 Index
Companies listed on the Shenzhen Stock Exchange
Companies listed on the Hong Kong Stock Exchange
H shares
COSCO Shipping
China Merchants
Logistics companies of China
Manufacturing companies established in 1960
Government-owned companies of China
Manufacturing companies based in Shenzhen
Chinese companies established in 1960