China International Marine Containers (Group) Co.Ltd(000039) will add another member to the spin off and listing of its business segment. As a leading chemical supply chain equipment service provider, the application materials submitted by CIMC an Ruihuan branch for gem IPO have been accepted by Shenzhen Stock Exchange recently.
Yang Xiaohu, executive director and general manager of CIMC an Ruike and chairman of CIMC an Ruihuan branch, said that the independent listing of CIMC an Ruihuan branch in A-Shares can make full use of the platform and resources of the capital market, strengthen the company’s global advantages in the manufacturing field of core logistics equipment in the chemical supply chain, and improve the development of market services behind tanks and intelligent product applications, And extend the exploration and development of environmental protection service business around core customers to further enhance the company’s brand influence and core competitiveness.
performance rebounded in the third quarter of 2021
From the perspective of equity structure, China International Marine Containers (Group) Co.Ltd(000039) CIMC Enrico holds 90% of the shares of CIMC Enrico through winscore, and CIMC Enrico, CIMC Hong Kong and China International Marine Containers (Group) Co.Ltd(000039) are the indirect controlling shareholders of the company. In this gem IPO, CIMC anruihuan Technology Co., Ltd. plans to issue no more than 165 million shares and raise funds to invest in the tank box flexible green intelligent manufacturing lighthouse project, tank box back market service and network upgrading project, high-end medical equipment supporting capacity optimization project, non-ferrous metal precision manufacturing center, etc., with a total of 1 billion yuan of raised funds.
At present, the tank container products of CIMC Enrico are mainly used for sea, land and rail transportation multimodal transport of global chemical logistics. They are oriented to the markets in Europe, Asia, North America and other regions. They rank first in market share for many consecutive years and are the invisible champion in the global chemical logistics supply chain.
However, due to the impact of international trade friction, covid-19 pneumonia and the company’s business restructuring, the operating income and other operating performance of CIMC an Ruihuan decreased to a certain extent in 2019 and 2020, from about 4.2 billion yuan to 2.8 billion yuan, and the net profit attributable to the parent company also decreased to 251 million yuan year-on-year. In the first half of this year, the company’s net profit was about 100 million yuan.
Referring to the performance of CIMC Enrico in Hong Kong stocks, the revenue of CIMC Enrico has begun to recover and improve in the third quarter of 2021, with a year-on-year increase of 41.1% to about 4.9 billion yuan, of which the revenue of clean energy division increased by 35.3% and the chemical environment section doubled year-on-year.
CIMC Enrico is active in clean energy. Last July, CIMC Enrico spent 529 million yuan to acquire scarce resources such as docks and wharfs along the Yangtze River coastline, so as to expand the scale of water clean energy equipment manufacturing and engineering; In terms of hydrogen energy, CIMC Enrico has undertaken to build the first oil and gas hydrogen joint construction station in Hebei Province, and its filling scale and comprehensive energy service capacity are in a leading position; In addition, the company’s high pressure gas hydrogen division of CIMC Hydrogen Energy Technology Co., Ltd. successfully delivered four hydrogen gas tube bundle containers at Shijiazhuang base for the Beijing Winter Olympic Games.
new energy and semiconductor driven tank box market growth
According to the itco report of the international tank container organization, the compound growth rate of the global tank container ownership from 2011 to 2020 is more than 10%, and the ownership by the end of 2020 is more than 680000 units. It is worth noting that high-speed development industries such as new energy and semiconductors are becoming the driving force of tank growth.
CIMC Enrico has established close cooperative relations with battery manufacturers, electronic chemical manufacturers and lining manufacturers. Chemical manufacturers, chemical logistics operators and container rental companies are all customers or partners of the company. In addition, CIMC Enrico also has customized service capacity, and BASF, the global chemical leader, is also one of the customers of the company.
According to the reporter, Contemporary Amperex Technology Co.Limited(300750) uses tank containers to meet the needs of accurate temperature control of electrolyte in new energy lithium battery industry; Mitsubishi Chemical uses tank containers for storage and transportation of semiconductor high-purity wet electronic chemicals; In addition, CIMC Enrico cooperates with sunfluorosystem, a world-famous lining manufacturer, to provide storage and transportation equipment for high-purity semiconductor etching solution chemicals for the semiconductor manufacturing industry.
On the other hand, with the growth of the global number of tank containers, some parts of the existing tank containers have entered the replacement and maintenance cycle. At the same time, the demand for intelligent upgrading is urgent, and the market space behind the tank container will be further expanded. CIMC Ruihuan branch said that the company will rely on the existing huge customer base and continue to layout the post market service network of tank containers to meet the growing demand for supporting services in the post market of tank containers.
In this field, CIMC Ruihuan branch combines underlying technologies such as Internet of things and big data to create cimcsafeway brand, realize the integration of full life cycle monitoring, management and service of tank containers, and provide complete solutions for customers’ tank container operation and management.
(Securities Times · e company)
