CIMC Enric (03899)'s profit to mother of 767 million yuan in the first three quarters increased 12.9% year-on-year

According to the Zhitong Finance App, CIMC Enric (03899) announced that in the first three quarters of 2025, the group obtained revenue of 19.348 billion yuan, an increase of 7.7%; net profit of 794 million yuan, an increase of 12.2%; and profit attributable to shareholders of 767 million yuan, an increase of 12.9% over the previous year. In the third quarter, the group achieved revenue of 6.734 billion yuan, up 3.8% year on year; net profit of 213 million yuan, up 4.3% year on year; profit attributable to shareholders of 204 million yuan, up 6.2% year on year.

In the third quarter of 2025, the Group's clean energy business continued to grow, driving the Group's third-quarter revenue up 3.8% year on year to 6.734 billion yuan (same period 2024: about 6.489 billion yuan). Profit attributable to the Group's equity holders increased 6.2% year over year to 204 million yuan (same period in 2024: about 193 million yuan).

In the third quarter of 2025, benefiting from the recovery in domestic natural gas consumption and strong growth in clean water energy, the clean energy segment's revenue increased 14.6% to about 5.412 billion yuan (same period in 2024: about 4.723 billion yuan). The top five sales revenue products were liquefied gas carriers, liquid tanks, LNG vehicle bottles, ball tanks, and cryogenic industrial gas tanks. The Clean Energy segment continues to be the Group's most profitable business segment, and its share increased to 80.4% in the third quarter of 2025 (same period in 2024:72.8%). Thanks to the release of profits from the clean water energy business, the incremental profit contribution of the coke oven gas to hydrogen to LNG project, and batch delivery of overseas high-end cryogenic tanks, the Clean Energy Division can report a significant increase in profit in 2025.

In the third quarter of 2025, the Group delivered 5 ships, and revenue from the clean water energy business increased sharply by 51.7% year on year to about 1,747 billion yuan (same period in 2024: about 1.152 billion yuan). As of September 30, 2025, the Group has delivered a total of 14 ships this year. During the year, the shipbuilding market fluctuated to a certain extent due to policies related to the US 301 investigation. Despite this external environmental disturbance, the Group achieved significant order breakthroughs in the third quarter of 2025, including signing 2 new 18,900 cubic meter LNG filling vessels with Singaporean shipowner Purus and signing 2+2 20,000 cubic meter LNG filling vessels with GSX Energy. These LNG carriers will help Shell and other customers expand their global LNG filling service capabilities; signing 2+2 51,000 cubic meter ammonia-fuel-powered MGC vessels with Norwegian shipowners to continue to promote green ship technology in the field of ocean transportation application.

In the nine months ended September 30, 2025, water clean energy signed new orders of about 8.646 billion yuan (same period in 2024: about 7.439 billion yuan), an increase of 16.2% over the previous year. Ongoing water clean energy orders are about 19.053 billion yuan (same period in 2024: about 14.301 billion yuan), an increase of 39.5% over the previous year, reaching a record high. Among them, shipbuilding orders are scheduled to be produced until 2028. In the long term, the Group's products such as LNG carriers, LNG marine fuel tanks, liquid cargo tanks, and gas supply systems will continue to benefit from the green transformation of global shipping.