CIMC Group (02039) Fa Yingxi expects consolidated net profit attributable to shareholders and other equity holders of the parent company to increase year-on-year to 450 million yuan to 650 million yuan in the first quarter

According to Zhitong Finance App News, CIMC Group (02039) announced that the consolidated net profit range attributable to shareholders and other equity holders of the parent company for the three months ending March 31, 2025 is RMB 450 million to RMB 650 million, an increase of 438%-677% over the same period last year (same period last year: profit of RMB 83.635 million).

According to the announcement, the Group's consolidated performance from January to March 2025 is expected to increase compared to the same period last year. The main reason is that the Group's container manufacturing business in the first quarter of 2025 benefited from the continuation of orders received in 2024 and the lower base for the same period in 2024. The division's revenue and net profit for the first quarter of 2025 both increased compared to the same period last year. Furthermore, during the first quarter of 2025, the Group adopted a more flexible hedging strategy based on the exchange rate situation, balanced exchange rate risk and hedging management costs, and continuously optimized the effectiveness of the hedging strategy. As a result, the Group's losses related to foreign exchange derivatives were drastically reduced compared to the same period last year. Combined with the above factors, the Group's net profit attributable to shareholders and other equity holders of the parent company from January to March 2025 is expected to rise as compared to the same period last year, and non-recurring profit and loss items are expected to improve compared to the same period last year.