Changes in Hong Kong stocks | CIMC Enric (03899) fell nearly 4% at the end of the session, and strong clean energy growth was partially offset by a year-on-year decline of more than 38% in new orders signed in the third quarter

The Zhitong Finance App learned that CIMC Enric (03899) fell nearly 4% at the end of the session. As of press release, it was down 3.63% to HK$6.38, with a turnover of HK$27.7436 million.

According to the news, CIMC Enric previously announced that in the third quarter, the company recorded revenue of 6.489 billion yuan, an increase of 10.4% over the previous year. Among them, the clean energy division recorded 4.723 billion yuan, an increase of 28.1% over the previous year, accounting for an increase of 72.8% of revenue. Bank of China International pointed out that the company's strong growth in the new energy sector was once again partially offset by the decline in the rest of the sectors. However, new orders fell 38% year over year, the lowest level since the first quarter of 2021.

China Aviation Securities pointed out that the company's leading position in the clean energy sector is stable, the increase in natural gas production and sales, and the rapid development of the hydrogen energy industry are driving demand for equipment and engineering services in the industrial chain. The chemical environment and liquid food business is growing steadily overall, and progress in new business areas is expected to exceed expectations. Furthermore, H shares as a whole are undervalued. Future global capital flows are expected to improve liquidity, and high-quality companies are expected to take the lead in repairing their valuations.