HK Stock Market Move | China International Marine Containers (02039) rose nearly 6% in early trading, with significant quarter-on-quarter growth in the second quarter. Offshore engineering and modular data centers were highlights.

China International Marine Containers (02039) rose nearly 6% in early trading. As of the time of writing, it is up 5.89%, priced at 8.0 Hong Kong dollars, with a trading volume of 13.6883 million Hong Kong dollars. In terms of news, China International Marine Containers recently released its performance report, showing second-quarter revenue of 46.249 billion yuan, a year-on-year increase of 15.44% and a quarter-on-quarter growth of 41.59%. The net profit attributable to shareholders was 531 million yuan, a significant increase of 153.90% compared to the previous quarter. Huatai believes that the company's performance highlights are concentrated in two main areas: offshore engineering and modular data centers. The gross margin of the offshore engineering business has significantly improved year-on-year, with the order backlog reaching a historical high, while new orders for modular data centers continue to increase. The A/H shares maintain a "buy" rating. It is noteworthy that China International Marine Containers stated during its investor relations activities that it plans to cancel 24.65 million A-shares of treasury stock to enhance shareholder value. Additionally, a share buyback plan for H-shares will be announced in July 2026, with a repurchase amount not exceeding 173 million Hong Kong dollars. Currently, there are no plans for a repurchase of A-shares, and future actions will be carefully conducted based on factors such as market conditions, stock price trends, funding status, and business planning.