FWD Group Achieves Record First Half Results with 38% Increase in New Business Sales and Ratings Upgrade

FWD Group reported record interim results for 1H 2025, with new business sales up 38% to $1.246 billion and operating profit after tax up 9% to $251 million. Net profit reached $47 million, a record under IFRS 17. The company completed a $466 million IPO in July and received a ratings upgrade from Moody's, maintaining a strong capital position with a 283% solvency ratio and net underlying free surplus generation of $417 million.

Title: CIMC Group Reports Strong Interim Results for 1H 2025

HONG KONG, Aug 27, 2025 - China International Marine Containers (Group) Co., Ltd. (CIMC Group) has announced its unaudited interim results for the six months ended June 2025, showcasing robust performance across its diverse business segments. The company reported significant improvements in profitability and cash flow, driven by strong growth in energy-related businesses and logistics-related operations.

Energy-Related Businesses

CIMC Group's energy-related businesses, including offshore engineering and finance and asset management, demonstrated substantial year-over-year (YoY) growth. The offshore engineering segment saw a 5.85 percentage point increase in its gross profit margin, reaching 10.84%, and achieved a net profit of RMB281 million. The finance and asset management segment, primarily driven by drilling rig leasing, improved by approximately RMB506 million, contributing to a combined net profit increase of RMB724 million. The energy, chemical, and liquid food equipment segment also showed a notable improvement, with a RMB218 million increase in profitability [1].

Logistics-Related Business

The logistics-related business portfolio continued to grow steadily, with container manufacturing and sales benefiting from the resilience of global trade. Sales of new standard dry containers reached 1,125,900 TEUs, while refrigerated container sales doubled to 92,000 TEUs. Container manufacturing, airport facilities, and logistics services achieved growth, while the road transportation vehicles business declined. The combined net profit from this segment increased by approximately RMB76 million [1].

Interest Expenses and Cash Flow

CIMC Group also reported significant optimization in interest expenses, with a reduction of RMB310 million YoY, primarily due to the replacement of high-interest floating-rate US dollar bonds in 2024. This resulted in a substantial decrease in interest-bearing debt, from RMB41.2 billion to RMB46.1 billion. Notably, net cash flows from operating activities increased by 594.46% YoY, reaching RMB7.154 billion as of June 2025 [1].

Overall Performance

The company's total revenue for the period was RMB76.1 billion, a decrease of 3.82% YoY, while the gross profit margin increased by 1.94% to 12.67%. Net profit attributable to shareholders reached RMB1.28 billion, an increase of 47.63%. CIMC Group maintained its leading position in the production of standard dry containers, refrigerated containers, and special-purpose containers, and achieved steady growth in revenue from its road transportation vehicles, energy/chemical/liquid food equipment, logistics services, and offshore engineering businesses [1].

Conclusion

CIMC Group's strong interim results reflect its ability to navigate challenging economic conditions and maintain operational stability through a diversified business portfolio. The company's focus on optimizing debt structures and improving cash flow positions it well for future growth. Investors and financial professionals should closely monitor CIMC Group's ongoing efforts to expand its market share and maintain its leadership position in the global container and logistics industries.

References

[1] https://www.tradingview.com/news/reuters.com,2025-08-27:newsml_ACN102151a:0-cimc-group-announces-2025-interim-results/