Third quarter net profit is expected to more than double to almost triple to RMB403.1m ($61.2m) to RMB553.1m from RMB188.4m previously.
For the first nine months, estimated profit is expected to come in at RMB1.2bm to RMB1.35bn from a loss of RMB189.6m previously.
"For the first three quarters of this year, revenue and profits from the group’s container manufacturing business rapidly picked up, as a result of the revitalization of the global container shipping industry, the improvement in operation conditions for shipping enterprises and the recovery in container market demands," the company said. This was compared to the previous corresponding period when there was "a slump for the container manufacturing business, with relatively low revenue
and profit basis,” it added.
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