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World's largest maker of shipping containers, also producing energy/chemical equipment, offshore engineering and specialty vehicles.
World's largest maker of shipping containers, also producing energy/chemical equipment, offshore engineering and specialty vehicles.
Sells containers in large volumes to shipping lines and container lessors, so orders swing with freight rates and fleet renewal. Its other lines, such as trailers, tank equipment and offshore vessels, follow different cycles. The H-share is the Hong Kong listing of the same company as the Shenzhen-listed A-share.
In one line: No direct US peer — dominant global container maker plus a diversified industrial-equipmen.
Moat: narrow (scale, cost advantage). Largest global container manufacturing scale gives cost leadership in a cyclical, commoditized product.
Headquarters: Shenzhen, China · Founded: 1980 · Employees: 51,541
Size China International Marine Containers (Group) (2039.HK) is a Hong Kong Materials company (Containers/Packaging) with a market value of $6.11B, the 230th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$7.67 on 6 Nov 2026.
Performance Over six months the shares fell 34.8%, against +3.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 5.6% over the last twelve months (peer median +3.3%); the operating margin is 3.6% (peer median 9.1%).
Valuation It trades at 12.7× forward earnings against a peer median of 17.7× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.5 points above its cost of capital (6.0% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$189B | HK$170B | HK$192B | HK$141B | HK$164B |
| Revenue growth | — | -12% | +36% | -14% | — |
| Gross profit | HK$26.2B | HK$19.9B | HK$22.9B | HK$18.3B | HK$24.0B |
| EBITDA | n/a | HK$11.3B | HK$13.7B | HK$9.34B | HK$14.3B |
| Net income | HK$140M | HK$147M | HK$3.22B | HK$395M | HK$3.68B |
| Free cash flow | HK$6.35B | HK$15.3B | HK$6.74B | -HK$2.31B | HK$13.3B |
| Capital expenditure | HK$5.35B | HK$5.12B | HK$3.87B | HK$6.05B | HK$4.14B |
| Total debt | HK$56.3B | HK$51.3B | HK$53.7B | HK$51.7B | HK$36.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2039.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.3% | +3.5% | 9th highest of 21 |
| 6-month return | -34.8% | +3.4% | 2nd lowest of 21 |
| Distance from 52-week high | -40.0% | -17.3% | 3rd lowest of 21 |
| Revenue growth (TTM) | +5.6% | +3.3% | 7th highest of 21 |
| Operating margin | 3.6% | 9.1% | 3rd lowest of 21 |
| Forward P/E | 12.7× | 17.7× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -8.1% | 3.9% | least demanding of 19 |
| Growth delivered (Del g) | +9.9% | +6.5% | 2nd highest of 19 |
| Hurdle (Req g minus delivered) | -18.0 pp | -6.1 pp | 2nd least demanding of 19 |
| ROIC minus cost of capital | +1.5 pp | +1.7 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China International Marine Containers (Group) 2039.HK | Hong Kong | $6.11B | -35% | +6% | 4% | 12.7× | -8.1% | +9.9% |
| Jiangsu Sidike New Materials Science & Technology 300806.SZ | China | $5.33B | -17% | +12% | 4% | 154.7× | n/a | n/a |
| SIG SIGN.SW | Switzerland | $7.07B | +23% | -5% | 5% | 20.5× | 18.4% | +9.4% |
| Shenzhen YUTO Packaging Technology 002831.SZ | China | $5.19B | 0% | +1% | 11% | 20.8× | -0.4% | +7.9% |
| Sonoco Products SON | United States | $4.99B | -2% | +4% | 10% | 9.0× | -1.9% | +7.5% |
| Yunnan Energy New Material (Group) 002812.SZ | China | $7.55B | -38% | +50% | 17% | 19.8× | 7.8% | +26.1% |
| Mondi MNDI.L | United Kingdom | $4.69B | +5% | +5% | 4% | 36.1× | 15.4% | +2.1% |
| Silgan SLGN | United States | $4.34B | +2% | +4% | 10% | 10.2× | -5.8% | +5.7% |
| Stora Enso STEAV.HE | Finland | $8.58B | 0% | -1% | -4% | 18.4× | n/a | n/a |
| Oji 3861.T | Japan | $4.31B | -3% | 0% | 2% | 20.6× | 20.4% | +6.5% |
| AptarGroup ATR | United States | $9.03B | +18% | +9% | 12% | 23.4× | 4.3% | +5.2% |
| Greif GEF | United States | $3.95B | +7% | -2% | 8% | 16.1× | 7.9% | -4.7% |
| Owens Corning OC | United States | $9.59B | 0% | -11% | 14% | 15.3× | 3.6% | +7.4% |
| Toyo Seikan 5901.T | Japan | $3.69B | +34% | +6% | 6% | 20.4× | -2.7% | +5.2% |
| Vidrala VID.MC | Spain | $3.63B | +18% | -3% | 21% | 14.6× | 5.8% | +8.2% |
| Graphic Packaging GPK | United States | $3.31B | +5% | 0% | 6% | 12.3× | 5.0% | +5.6% |
| CCL Industries CCL-B.TO | Canada | $11.8B | +17% | +5% | 15% | 18.7× | 1.3% | +7.9% |
| Huhtamaki HUH1V.HE | Finland | $3.12B | -1% | -2% | 9% | 11.0× | -6.3% | +3.7% |
| Viscofan VIS.MC | Spain | $2.86B | -5% | +3% | 15% | 16.6× | -3.4% | +6.5% |
| Crown CCK | United States | $13.1B | +20% | +14% | 12% | 13.9× | -4.7% | +5.7% |
| Ardagh Metal Packaging AMBP | United States | $2.82B | +18% | +17% | 5% | 17.0× | 4.1% | +9.8% |