Changes in Hong Kong stocks | CIMC Enric (03899) fell nearly 4%, and its performance in the first half of the year fell short of market expectations, and the liquid food business sector was the biggest drag

The Zhitong Finance App learned that CIMC Enric (03899) fell nearly 4%. As of press release, it was down 3.51% to HK$7.28, with a turnover of HK$23.7511 million.

According to the news, CIMC Enric recently disclosed its results for the first half of 2026. CICC indicated that the company's revenue was 12.867 billion yuan, +2.01% year over year; net profit to mother was 517 million yuan, -8.11% year over year, slightly lower than the bank's forecast, mainly due to exchange losses. The 1H26 liquid food business segment generated revenue of 1,158 billion yuan, or -38.3% year-on-year, the biggest drag, mainly due to a decrease in new orders in the early stages and weak consumer demand at overseas terminals. However, new orders reached 1.44 billion yuan, +108.4% year-on-year. The bottom recovery signal is clear, and the revenue side is expected to gradually recover.

Citigroup released a research report stating that CIMC's profit forecasts for the 2026 and 2027 fiscal years were lowered by 21% and 14%, respectively, to reflect foreign exchange losses in the first half of the year and the one-time restructuring cost of the liquid food business of about 60 million yuan. Citigroup said that CIMC Enric's performance in the first half of the year fell short of expectations. Net profit fell 8% year over year, but new orders during the period increased 28% year over year, reflecting a positive business outlook. The bank expects the company's profit growth to improve from the second half of this year, supported by strong orders.