April 2 (Reuters) - Year ended Dec. 31, 2007.
(in millions of yuan unless stated, against 2006 figures):
2006 2005
Turnover 48,760.83 vs 33,573.66
Net profit 3,165.37 vs 2,820.75
Earnings per share (yuan) 1.19 vs 1.06
Assets per share (yuan) 5.98 vs 5.51
Pretax dividend/shr (yuan) 0.50 vs 0.43
Company: China International Marine Containers (Group) Co
(200039.SZ) (000039.SZ), based in the southern Chinese city of
Shenzhen, is the world's largest shipping container maker.
Note: The company's results, audited and compiled under
domestic accounting standards, were released on Wednesday.
Under international accounting standards, the company
reported a net profit of 3.15 billion yuan ($449 million) against
2.93 billion yuan in 2006.
CIMC said its turnover rose in 2007 mainly because of robust
sales of its products, propelled by a healthy global economy for
most of last year and rapid growth of China's economy.
It produced 1.866 million TEUs (twenty-foot equivalent units)
of standard dry-cargo containers in 2007, up 37 percent from
2006.
The rise in its net profit attributable to shareholders,
however, was mainly propelled by its investment returns, which
jumped to 1.466 billion yuan in 2007 from 388 million yuan in
2006.
Its results report showed 589 million yuan in income from
trading stocks on the secondary market, with strong gains from
trading in China Merchants Bank (600036.SS) (3968.HK) shares
offsetting losses on trading in other stocks, including property
developer China Vanke (200002.SZ).
The report also showed earnings from investments in stakes in
other companies, including China Merchants Bank.
CIMC said 2008 would be a more difficult year amid slowing
global and Chinese economic growth in the aftermath of the U.S.
subprime debt crisis, rising prices of raw materials such as
steel, and a faster pace of yuan CNY=CFXS appreciation. Those
factors will slow the growth of the container market and raise
the cost of its operations.
It gave no concrete figures for 2008 forecasts.
($1 = 7.01 Yuan)
(Reporting by Lu Jianxin in Shanghai; Editing by Edmund Klamann)
