ROMEOVILLE, IL, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - Formerra, a leader in performance materials distribution, today announced an agreement with Epaflex S.r.l. that designates Formerra Europe as the preferred distributor of Epaflex's thermoplastic polyurethane (TPU) lines in the United Kingdom and Republic of Ireland.The partnership leverages Epaflex's 30-year legacy of innovation in TPU manufacturing with Formerra's deep expertise in UK/EU REACH compliance, local technical support, and agile logistics. Additionally, the collaboration ensures that process engineers and sourcing managers across cable, wire, industrial, automation, and oil & gas markets gain seamless access to high-performance TPU grades backed by responsive service and regulatory guidance."We're proud to welcome Epaflex's industry-leading TPU portfolio into our specialist distribution network," said Ronan Kennedy, Managing Director at Formerra Europe. "This agreement opens a true window of opportunity for UK & Ireland processors by delivering advanced TPUs via the reliable supply chains and technical support our customers need."Epaflex is renowned for its Epamould, Epaline, and Epamet engineered TPU formulations featuring high-abrasion, oil-resistance, specialty matte finishes, and low-temperature flexibility. These materials serve critical applications such as cable jacketing, hydraulic hoses, precision tubing, and protective film. Combined with the company's new Epalite material, this portfolio brings durability, processability, and design versatility for today's demanding industrial environments."Partnering with Formerra marks a significant milestone in our UK and Ireland expansion," said Andrea Martignoni, Global Strategic Marketing Manager - Elastomers at Epaflex. "Their local market expertise and commitment to engineer-led service make them the ideal partner to bring Epaflex innovation to manufacturers in this key area of Europe."With this agreement, Formerra further strengthens its European presence, offering unmatched portfolio depth, compliance guidance, and rapid responsiveness to support customers' most challenging TPU applications.Key Details:Formerra Europe appointed preferred distributor for Epaflex TPU lines (Epamould, Epaline, Epamet, and Epalite) in the UK & Ireland.Partnership combines Italian-engineered TPU grades with Formerra's UK/EU REACH expertise and agile service.Target applications include cable/wire jacketing, hydraulic hoses, precision tubing and protective films.About FormerraFormerra is a preeminent distributor of engineered materials, connecting the world's leading polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Powered by technical and commercial expertise, it brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading e-commerce capabilities, and ingenuity. The experienced Formerra team helps customers across multiple industries to design, select, process, and develop products in new and better ways - driving improved performance, productivity, reliability, and sustainability. To learn more, visit www.formerra.com.About EpaflexEpaflex S.r.l., headquartered in Italy, is a leading manufacturer of thermoplastic polyurethanes. For over 30 years, Epaflex has developed innovative TPU solutions for industries including cable & wire, automotive, oil & gas and consumer goods. Its portfolio features high-performance grades engineered for abrasion resistance, flexibility, weather-ability and specialty surface finishes. Privately held under the Elachem Group, Epaflex operates global sales and technical support hubs to serve OEMs and processors worldwide.Media ContactJackie MorrisMarketing Communications Manager, Formerrajackie.morris@formerra.com+1 630-972-3144SOURCE: Formerra Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Aug 26, 2025 - (ACN Newswire via SeaPRwire.com) - Global leading storage battery company in data center and telecom industries – Shuangdeng Group Co., Ltd. (stock code: 06960.HK), today listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”).Shuangdeng Group offered a total of 58,557,000 H Shares in the global offering. The offer price was determined at HK$14.51 per offer share. The net proceeds from the Global Offering are estimated to be approximately HK$756.3 million.The Company intends to use the net proceeds for the following purposes: (1) Construct a lithium-ion batteries production facility in Southeast Asia, which will primarily be used for producing batteries for data centers. (2) Establish a research and development center focusing on the research and development of: (i) enhanced energy storage battery life; (ii) solid state battery; (iii) sodium-ion battery; and (iv) BMS technology. (3) Strengthen overseas sales and marketing so that the Company can enhance its global presence, better serve overseas customers and boost international sales, etc.Shuangdeng Group’s Hong Kong Offering was over-subscribed by approximately 3875.25 times of the 5,856,000 H shares offered. The International Offering also recorded an over-subscription, of approximately 17.75 times of the 52,701,000 H shares offered.The opening price of Shuangdeng Group today was HK$22.50, up by 55.1%, with a total market capitalization of HK$9.38 billion accordingly.Listing CeremonyVIP GroupDr. Yang Rui, Chairman of the Board, Executive Director and Chief Executive Officer of Shuangdeng Group said, “Shuangdeng is not only a provider of energy storage battery products and system solutions but also aspires to be an architect of the AIDC intelligent computing center energy ecosystem, as the ‘Energy Operating System’ of digital infrastructure. We firmly believe that without stable energy supply, there can be no reliable intelligent computing power. We look forward to working with global investors to jointly chart the grand blueprint of a ‘Zero-Carbon Computing Planet.’ Let every watt of energy illuminate the path forward for human civilization!”Dr. Yang Rui, Chairman of the Board, Executive Director and Chief Executive Officerof Shuangdeng Group Co., Ltd. Delivered a SpeechShuangdeng Group is a leading company in energy storage business for big-data and telecommunication industries. Its products span diverse application scenarios, including energy storage for telecom base stations, data centers, and the electrical energy storage settings. According to Frost & Sullivan, in 2024, the Company ranked the first among global telecom base station and data center energy storage battery providers in terms of shipment volume, achieving a market share of 11.1%.With over a decade of dedicated industry expertise, Shuangdeng Group has established a globally leading customer base and brand strength. The Company serves nearly 30 of the world’s top 100 telecom operators and equipment manufacturers, forging strong relationship with leading telecom operators and telecommunication equipment manufacturers in China, such as China Mobile, China Telecom, China Unicom, and China Tower, as well as prominent international telecommunication giants like Ericsson, Vodafone, Orange, and Telenor. In addition, as of December 31, 2024, Shuangdeng Group served 80% of top 10 Chinese self-owned data center companies and 90% of top 10 Chinese third-party data center companies.Capturing the AIDC Opportunity: Data Center Business BoomsAs the key carriers of latest-generation digital technologies, such as artificial intelligence and cloud computing, data centers experienced a rapid growth in recent years around the world. The advent of the AI era is also accelerating the industry trend towards large-scale and high-computing power data centers. According to Frost & Sullivan, the proportion of global electricity consumption by data centers is expected to increase from 4.0% in 2024 to 10.1% in 2030. The dependency of AI and big data on constant power supplies makes energy storage a critical component in the infrastructure supporting these technologies.In 2018, Shuangdeng Group keenly identified the market demands of the internet era and began establishing cooperation relationship with large tech companies and data center operators. Up to August 8, 2025, its energy storage products have been used in hundreds of data centers. According to Frost & Sullivan, in 2024, Shuangdeng Group ranked first among Chinese companies in terms of shipment volumes in the global data center energy storage market, with 16.1% market share in the global data center market.Shuangdeng Group’s batteries applied in data centers, utilizing advanced technologies such as continuous grid plate preparation technology, deliver superior high-rate performance. These products achieve discharge rates exceeding 6C, with instantaneous discharge capabilities reaching 10C, making them ideal products to serve customer-specific performance needs across various application scenarios. Additionally, the Company is leading the development of the industry standard for ‘‘Lithium-iron Phosphate Battery Packs for AC UPS in Data Centers’’ in China, setting the benchmark for energy storage battery technology in the era of big data.According to the prospectus, Shuangdeng Group’s revenues from sales of batteries used in data centers increased by 120% from RMB397.0 million in the five months ended May 31, 2024 to RMB872.9 million in the five months ended May 31, 2025. The contribution of this business segment to total revenue grew from ‌28.4%‌ to ‌46.7%, making it the company’s largest revenue source.In the era of artificial intelligence and big data, Shuangdeng Group is well-positioned to capture the vast market opportunities of the future. Approximately 40.0% of the net proceeds from this IPO will be used for the construction of a lithium-ion batteries production facility in Southeast Asia, which will primarily be used for producing batteries for data centers in order to cultivate its second growth pillar and increase its markets share regarding energy storage products for data centers.‌Strong R&D Drives Innovation, Diverse Products Meet Varied NeedsAs a global leading energy storage battery manufacturer, Shuangdeng Group relies on its in-house R&D to establish and strengthen market position, and achieve continuous growth. The Company has R&D centers located in Taizhou, Shenzhen, Beijing and Xiangyang. These R&D centers focus on the research and development of energy storage battery technologies to improve the safety, cost-efficiency and performance of energy storage batteries. Adhering to the principle of “researching one generation ahead, pilot testing the next, and mass-producing the current”, Shuangdeng Group aims to enhance the market competitiveness of both lithium-ion batteries and lead-acid batteries through its R&D efforts. As of August 8, 2025, the Company held a total of 353 patents, including 111 invention patents.Shuangdeng Group’s technical team has actively participated in the formulation of national and industry-related standards on multiple occasions, demonstrating its strong technological credibility and influence in the industry. As of May 31, 2025, the Company has participated in the formulation of one international standard issued by International Electrotechnical Commission (IEC), 10 national standards and 21 industry standards issued by the Ministry of Industry and Information Technology of the People’s Republic of China and the Standardization Administration of China.In addition, Shuangdeng Group actively pursues collaborative R&D partnerships with external entities to co-develop innovative technologies and products that align with dynamic market needs. The Company works closely with leading experts in the energy storage industry and have formed an external technical expert committee, which was led by academician from the Chinese Academy of Engineering and Chinese Academy of Sciences, and jointed by more than 30 industrial experts to support and advise on technical innovation. The Company has also established profound partnerships with leading universities, research institutions and industry experts. These collaborations have facilitated a series of projects focused on pioneering new technologies, offering crucial technical insights that underpin its future product development strategies.Shuangdeng Group offers a diverse range of products across multiple technology pathways to provide the most cost-effective options that meet customer performance requirements. Apart from lead-acid batteries and lithium-ion batteries, the Company’s sodium-ion batteries have been widely adopted in telecom base stations by telecommunication companies in multiple provinces and regions, including Anhui, Qinghai, Tibet and Gansu. In addition, to further enhance the energy safety, the Company has been actively developing the solid-state battery technology. The joint R&D project with Tianmu Lake Institute of Advanced Energy Storage Technologies has completed development of the key materials, and achieved the fabrication of 100Ah solid-state lithium-ion batteries, which laid a solid foundation for the Company’s future R&D on the technology and manufacture of solid-state battery.For further information, please contact:Porda Havas International Finance Communications GroupKelly Fung +852 3150 6763 kelly.fung@h-advisors.globalMay Yang +86 15021840493 may.yang@h-advisors.global Copyright 2025 ACN Newswire via SeaPRwire.com.

HONG KONG, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - On August 26, CaoCao Inc. (‘CaoCao’ or ‘Company’, Stock Code: 02643.HK) announced interim results. For the six months ended June 30, 2025, CaoCao Inc. operated in 163 cities. Company’s total order volume reached 379.5 million, representing an increase of 49.0% in the same period of last year. During the reporting period, the Company’s revenues increased by 53.5% to RMB 9.5 billion.The announcement shows that the Company’s gross profit margin raised from 7.0% in in the six months ended June 30, 2024 to 8.4% in the six months ended June 30, 2025., while losses narrowed by 39.8% year-on-year. Net cash generated from operating activities increased by 164.6% year-on-year, reflecting an improved financial position.CaoCao Inc. was founded in 2015, incubated by Geely Holding Group. According to Frost & Sullivan, CaoCao Inc. was the second largest ride hailing platform in China in terms of GTV in 2024.The Company has placed and expect to place greater strategic focus on purpose-built vehicles. As of June 30, 2025, it deployed a fleet of over 37 thousand purpose-built vehicles across 31 cities and and CaoCao also collaborated with local car partners through selling them our purpose-built vehicles. For the six months ended June 30, 2025, the GTV contributed by purpose-built vehicles amounted to RMB2.5 billion, reflecting an increase of 34.7% compared with the same period last year.The purpose-built vehicles specifically designed for shared mobility have significantly enhanced the driver and passenger experience. In the first half of the year, CaoCao Inc. saw a year-on-year increase of 57.4% in average monthly active users and 53.5% in average monthly active drivers, with the average order value (AOV) rising to RMB 28.9. In seven user surveys conducted between Q4 2023 and Q2 2025, CaoCao Mobility ranked in user recognition for “best service quality” among China’s leading shared mobility platforms.The company continues to invest in CaoCao Smart Mobility, their autonomous driving platform, to enhance our Robotaxi operation capabilities.Since April 2025, the company has been deploying their latest generation of Robotaxi, which features Geely’s latest redundant architecture design and deeply integrates CaoCao Smart Mobility’s capabilities in automated dispatching, remote safety assurance, travel cabin services, and asset digital management into a unified autonomous driving operation platform. The Company also collaborates with Geely and business partners to develop autonomous driving technology and to pre-install proprietary autonomous driving components and related applications in purpose-built vehicles. By the end of the reporting period, CaoCao Smart Mobility had accumulated over 15,000 kilometers of autonomous driving test mileage in Suzhou and Hangzhou. In addition, CaoCao Inc. continues to promote accessible mobility. On March 28, it officially launched their public welfare brand for accessibility, deploying over 1,000 accessible vehicles across 20+ major cities and holding a monthly “Accessibility Public Welfare Day” to provide free wheelchair-accessible travel for wheelchair users. At the same time, CaoCao Inc. is the first platform in the industry to participate in the pilot program for occupational injury protection for workers in new forms of employment, and has established support initiatives such as the Driver Care Fund and the Driver Children’s Education Fund.Looking ahead, CaoCao Inc. will leverage on competitive strengths, geographical expansion successes, tremendous momentum in Robotaxi development and strategic relationship with Geely Group, the company will continue to optimize their growth strategy, aiming to achieve a healthy combination of fast growth and profitability. Copyright 2025 ACN Newswire via SeaPRwire.com.

Financial HighlightsRMB millionFor the 6 months ended 30 JuneChange 20252024 Revenue76,09079,115(3.82%) Operating Profit2,8172,11533.15% Profit Before Income Tax2,7982,21626.27% Gross Proft9,6438,48613.63% Gross Profit Margin12.67%10.73%1.94% Net Profit1,7641,39526.45% Net profit attributable to shareholders and other equity holders of the Company1,27886647.63% Net profit attributable to shareholders and other equity holders of the Company after deducting non-recurring profit or loss  1,240  82051.18% Net cash flows from operating activities7,154(1,447)594.46%  Results Highlights 01. Energy-related businesses significantly improved profitability, with combined net profit increasing by RMB724 million year-on-year (“YoY”): The offshore engineering segment and the finance and asset management segment (primarily drilling rig leasing) together improved by approximately RMB506 million, and the energy, chemical & liquid food equipment segment improved by RMB218 million. Specifically, the gross profit margin of the offshore engineering segment increased by 5.85 percentage points YoY to 10.84% in 1H 2025, with net profit reaching RMB281 million and a net profit margin of approximately 3.5%. The total order backlog amounted to approximately RMB70 billion, covering periods up to 2027/2028.02. Logistics-related business portfolio mitigated cycles and achieved steady growth: Container manufacturing and sales remained within the prosperous zone, benefiting from the resilience of global trade and the increased penetration of domestic multimodal transport. Sales of new standard dry containers reached 1,125,900 TEUs and 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 increased by approximately RMB76 million. 03. Significant optimization of interest expenses: The interest-bearing debt balance at mid-year was RMB41.2 billion, a decrease of RMB5.1 billion compared to the same period last year. Benefiting from the active replacement of high-interest floating-rate US dollar bonds in 2024, net interest expenses for 1H 2025 decreased by approximately RMB310 million YoY. 04. Significant improvement in cash flow: Net cash flows from operating activities increased significantly by 594.46% YoY. As of June 2025, net cash flows from operating activities were RMB7.154 billion. HONG KONG, Aug 27, 2025 - (ACN Newswire via SeaPRwire.com) - China International Marine Containers (Group) Co., Ltd. (“CIMC Group” or the “Group”, stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited interim results for the six months ended 30 June, 2025 (the “Reporting Period”).The management of CIMC Group stated: “In 1H 2025, facing impacts such as slowing global economic growth and tariffs, global goods trade demonstrated certain resilience. Benefiting from the diversified business portfolio structure of logistics equipment and services, the enhanced profitability of previously cultivated high-end energy manufacturing businesses, and the continuously optimized debt structure, while the Group, through its continuously consolidated global operation platform foundation during the Reporting Period, smoothed out fluctuations in single regions and achieved stable and quality development. In the first half, the Group achieved revenue of RMB76.1 billion, a decrease of 3.82% YoY; the gross profit margin increased by 1.94% YoY to 12.67%; and net profit attributable to shareholders was approximately RMB1.28 billion, an increase of 47.63%. During the Reporting Period, the Group maintained its global leading position in the production of standard dry containers, refrigerated containers, and special-purpose containers. Revenue from road transportation vehicles, energy/chemical/liquid food equipment, logistics services, and offshore engineering businesses also grew steadily, maintaining overall operational stability. The Group’s domestic revenue accounted for approximately 51%, and overseas revenue accounted for approximately 49%, maintaining a sound market landscape.”Segments Results (RMB million)1H2025 Business indicatorsRevenueAs % of the total revenueGross profitAs % of the gross profitGross profit marginNet profitContainer manufacturing21,73528.57%3,51036.40%16.15%1,444Road transportation vehicles9,75312.82%1,46415.19%15.01%408Energy, chemical, and liquid food equipment13,00917.10%1,96720.40%15.12%460Offshore Engineering8,01410.53%8699.01%10.84%281Airport Facilities and Logistics Equipment, Fire Safety and Rescue Equipment3,1204.10%6426.65%20.56%80Logistics services13,57917.85%8118.41%5.97%202The above major segments69,20991.0%9,26396.06%13.38%2,875Core Business PerformanceI. In the Logistics FieldContainer Manufacturing Business: During the Reporting Period, China’s container supply chain prosperity index remained within the prosperous zone, highlighting the resilience of global goods trade. According to the United Nations Conference on Trade and Development (UNCTAD), global trade volume is estimated to expand by US$300 billion year-on-year in the first half of 2025, with US$230 billion contributed by growth in goods trade. Meanwhile, long-term factors such as Red Sea detours, congestion at Eurasian ports, and stricter regulations on shipping carbon emissions reduced container shipping efficiency, keeping container demand at conventional levels. During the Reporting Period, the Group’s sales volume of dry containers decreased by 18.57% year-on-year to 1,125,900 TEUs (same period last year: 1,382,700 TEUs), mainly affected by the high base in the same period last year; sales of refrigerated containers benefited from strong South American fruit exports and cold chain demand, surging by 105.82% year-on-year to 92,000 TEUs (same period last year: 44,700 TEUs). During the Reporting Period, revenue reached RMB21.735 billion, net profit was RMB1.444 billion, and the gross profit margin increased by 3.95 percentage points YoY to 16.15%.Logistics Services Business: During the Reporting Period, the international trade environment was complex and volatile, and container shipping volume and freight rates fluctuated. However, the accelerated pace of Chinese companies going global drove growth in demand for comprehensive logistics, further highlighting the hub value of logistics service providers in the supply chain. Against this backdrop, the Group’s logistics services business firmly adhered to the development strategy of “high quality, high efficiency, and new momentum,” achieving overall operational stability by optimizing customer structure, innovating business models, strengthening risk management, and improving operational efficiency. During the Reporting Period, the Group’s logistics services business achieved revenue of RMB13.579 billion, a decrease of 3.62% YoY; net profit was RMB202 million, basically flat YoY. Meanwhile, the Group’s ocean shipping division continued to enrich its route offerings and further expanded its global agency network. Despite market fluctuations, it exceeded target cargo volumes on designated routes and was once again listed in the 2025 Top 50 Ocean Freight Forwarders chart issued by the global logistics industry authoritative magazine Transport Topic.Road Transportation Vehicles Business: During the Reporting Period, CIMC Vehicles achieved revenue of RMB9.753 billion (same period last year: RMB10.700 billion), a decrease of 8.85% YoY; net profit was RMB408 million (same period last year: RMB574 million), a decrease of 28.89% YoY. Among these, the new energy heavy-duty truck market continued its explosive growth trend, and the semi-trailer industry in Global South markets showed a pattern of differentiated growth alongside transformation. In the domestic market, the “StarLink Project” and the “Rise-Up Project” achieved results, driving high-quality growth and development of the domestic business. During the Reporting Period, revenue, gross profit margin, and sales volume in China’s semi-trailer market increased by 11%, 2.4 percentage points, and 10% YoY, respectively. Its market share in China’s semi-trailer market rose to 23.07%, ranking first in China for the sixth consecutive year. In overseas markets, the semi-trailer business in the Global South continued its high-quality development trend, with the gross profit margin increasing by 4.6 percentage points YoY and sales volume increasing by 13.0% YOY, showing strong profitability growth. Efforts in the new energy sector continued, with sales volumes of EV-DTB dump trucks, mixer trucks, and refrigerated trucks increasing by 142.55%, 86.26%, and 69.8% YoY, respectively. The top-level architecture for the pure electric tractor and trailer product EV-RT 2.0 was completed.Airport Facilities & Logistics Equipment / Fire Safety & Rescue Equipment Business: During the Reporting Period, primarily due to the release and settlement of high-quality orders from the previous period during the Reporting Period, the Company proactively optimized the delivery pace and successfully delivered projects such as boarding bridges for the new terminals at Xi’an Xianyang International Airport and Antalya Airport in Turkey ahead of schedule. Revenue for the Reporting Period was RMB3120 million (same period last year: RMB2403 million), an increase of 29.83% year-on-year; net profit was RMB80 million (same period last year: RMB 37 million), an increase of 119.57% YoY. During the Reporting Period, the intelligent unmanned docking system (the first batch in the world) was successfully put into operation at Lanzhou Airport, with all 86 boarding bridges at the airport achieving unmanned operation; the overseas Ziegler business saw significant improvements in bid-winning rates, on-time delivery rates, and cost management. CIMC TianDa provided automated delivery and sorting systems to customers in the e-commerce express delivery industry, while actively expanding into diversified niche areas such as pharmaceuticals and textiles. Leveraging the product advantage of cost reduction and efficiency improvement, new orders grew steadily.II. In the Energy Industries FieldIn the energy, chemical, and liquid food equipment business, this segment achieved revenue of RMB13.009 billion (same period last year: RMB12.121 billion), an increase of 7.32% YoY; net profit was RMB460 million (same period last year: RMB242 million), an increase of 90.26% YoY. Among these, CIMC Enric achieved revenue of RMB12.610 billion (same period last year: RMB11.480 billion), a YoY increase of 9.9%; net profit attributable to the Company was RMB560 million (same period last year: RMB490 million), a significant YoY increase of 15.6%; newly signed orders amounted to RMB10.740 billion, and the order backlog as of the end of June was RMB29.180 billion. Specifically, the clean energy segment's revenue grew steadily; demand for LNG refueling stations, LNG tankers, and related equipment continued to increase; the Linggang-CIMC project was successfully constructed and delivered; in the offshore clean energy sector, 9 vessels were delivered, 7 newbuilds were signed, and multiple orders for LNG and methanol power packages were secured; in the hydrogen business, bids were won for several green hydrogen ammonia projects domestically and internationally, and multiple orders were delivered to European customers during the Reporting Period; the chemical and environment segment saw a slowdown in demand for tank containers, while the medical equipment components business grew steadily and the after-market business progressed; the liquid food segment’s net profit increased YoY; the new plant in Mexico was fully operational during the Reporting Period, and the first large-scale storage tank project was secured.In the offshore engineering business, in 1H 2025, crude oil prices experienced significant volatility due to uncertainties in U.S. trade policies and geopolitical tensions stemming from the Iran-Israel and Russia-Ukraine conflicts. However, as existing oil fields gradually deplete, the demand for new oil and gas resources is becoming increasingly urgent. The economic value of deep-sea oil and gas development continues to grow, and offshore deep-sea oil and gas production continues to increase. In particular, large-scale floating production equipment, centered around FPSO/FLNG, remains in high demand. During the Reporting Period, the Group’s offshore engineering business recorded revenue of RMB8014 million (same period last year: RMB7784 million), a YoY increase of 2.95%; the gross profit margin increased by 5.85 percentage points YoY to 10.84%; net profit was RMB281 million (same period last year: net loss of RMB84 million), turning a loss into a profit YoY. Among these, the core operating entity, Yantai CIMC Raffles Marine Technology Group Co., Ltd., achieved a net profit of RMB525 million, and the net profit margin increased to 6.56%. As of the end of June, orders newly signed/won amounted to USD 106 million (same period last year: USD 1,790 million), primarily affected by delayed order finalizations. The cumulative order backlog was USD5,550 million. Among these, the proportion of oil and gas orders and non-oil and gas orders was approximately 7:3, effectively easing the periodic fluctuation of the oil and gas market.In the offshore engineering asset operation business, affected by factors such as the impact of U.S. “reciprocal tariffs” on global demand expectations, the greater-than-expected production increase by “OPEC+”, and the unwinding of geopolitical risk premiums, international oil companies shifted their strategic focus back to their core oil and gas business and became more prudent with their investment in low-carbon transformation. The global utilization rate of jack-up platforms declined significantly, and daily rates were under downward pressure. For mid-deepwater semi-submersible platforms, demand for projects in the North Sea and Barents Sea remained stable, while issues related to European energy security supported a steady rise in both utilization rates and daily rates. For ultra-deepwater semi-submersible platforms, certain deepwater development projects were delayed due to adjustments in investment priorities, resulting in a slight decline in the utilization rate compared to the beginning of the year. During the Reporting Period, the Group’s mid-deepwater semi-submersible platform “Deepsea Yantai” secured a new lease agreement with a Norwegian oil company; the ultra-deepwater semi-submersible drilling platform “Blue Whale No. 1” signed a new lease agreement with an international client.Future Development and ProspectsThe Group's Management stated: "CIMC will base itself on the new development stage, closely follow national policy guidance, deepen the implementation of the strategic theme of ‘accelerating the construction of new growth drivers and focusing on promoting high-quality development’, coordinate the reasonable growth of ‘quantity’ and the effective improvement of ‘quality’, and strive to ‘become a high-quality and respected world-class enterprise’."I. In the Logistics FieldIn the container manufacturing business, according to the report issued by CLARKSONS in June 2025, global container trade volume is expected to see a growth of 2.5% in 2025. The uncertainty surrounding U.S. tariff policies will continue to fuel concerns about global economic growth, which in turn will impact the demand for containers in the global container shipping market in the short term. However, owing to the demand for spare containers brought about by these uncertain events in the container transportation market and the stable replacement rate of old containers, the demand for new containers is still expected to be underpinned by stable fundamentals in 2025.In the road transportation vehicles business, as tariff policies and the results of anti-dumping and anti-subsidy investigations finalize, coupled with the traditional peak season in the third quarter, the North American semi-trailer business is expected to see a weak recovery; the European semi-trailer business will maintain its resilience amid a “weak recovery” market environment. In 2H 2025, CIMC Vehicles will evolve its “intercontinental operation” into a “borderless enterprise” model, continue to strengthen its strategic presence in Southeast Asia and Africa, and establish regional business groups for the Global South market; domestically, it will continue to focus on new energy, accelerate its transformation to become a “full-value-chain” operator of StarLink semi-trailers, and further increase its market share.II. In the Energy Industries FieldIn the energy, chemical, and liquid food equipment business, shell expects that both demand for and supply of LNG will continue to grow after 2030, with the market share of LNG in total global natural gas demand rising from approximately 14% in 2024 to approximately 25% by 2050, particularly in the Asian market. The International Energy Agency (IEA)’s “Gas Market Report Q3-2025” predicts that global natural gas consumption will reach a record high in 2026, with natural gas demand in Asia in particular projected to grow by over 4% and LNG imports expected to increase by approximately 10%. CIMC Enric will continue to advance the replication and implementation of strategic clean alternative fuel projects, such as coke oven gas to hydrogen co-production LNG and biomass-based green methanol, to cultivate new performance growth points.In the offshore engineering business: The FPSO market shows a high certainty of demand in the short term, underpinned by a substantial reserve of long-term projects. Market demand is forecast to remain robust over the next five years, with major projects centered in South America and Africa and main builders in China and Singapore. In the second half of the year, the Group’s offshore engineering business will firmly advance its strategic vision, concentrating on its established product lines to consolidate competitive advantages and amplify its successes. The three major business lines will continue to break new ground, with offshore oil and gas as the foundation, gradually expanding to new energy sources to form a business portfolio that dilutes the impacts of the industrial cycle.III. In the Finance and Asset Management FieldIn the offshore engineering asset operation and management business of CIMC, in 2H 2025, oil prices are expected to remain volatile and under pressure, influenced by ongoing tariff fluctuations, adjustments in “OPEC+” policies, and geopolitical uncertainties, as forecast by numerous institutions and investment banks. Global oil and gas investment is projected to reflect structural shifts as “increased deepwater investment, diminished shale and counter-cyclical in national oil companies”. Daily rates for mid-to-deepwater offshore drilling platforms are anticipated to remain stable. The Group will adhere to an operating strategy of “maintaining stable operations, promoting asset turnover and expanding market reach”, ensuring the safe and smooth operation of leased assets while proactively securing lease renewals, accelerating the disposal of jack-up and accommodation platform assets, and advancing the marketing of mid-to-deepwater and ultra-deepwater platforms to consolidate its leading position in the global offshore engineering market.About China International Marine Containers (Group) Co., Ltd.The CIMC Group is a world-leading equipment and solution provider in the logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC owns a total of 4 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia, and others, and extensive customers and sales networks covering more than 100 countries and regions. In 2024, the Group recorded a revenue of RMB177.664 billion, with gross profit margin remaining at 12.52% and net profit of RMB4.195 billion. The Group was ranked 154th in the Fortune 500 China 2025. For more information, please visit http://www.cimc.com/. For investor relations and media enquiries, please contact LBS Communications Consulting LimitedIR Email: cimcir@lbs-comm.com Joanne ChanTel: (852) 9616 2676Email: jchan@lbs-comm.comJoan YangTel: (86) 176 7074 8753Email: jyang@lbs-comm.com   Copyright 2025 ACN Newswire via SeaPRwire.com.