CIMC Enric H1 Revenue RMB12.87B Up 2%, Net Profit Down 8.1%

CIMC Enric announced its 2026 interim results. During the reporting period, the company achieved revenue of RMB12.868 billion, up 2% year-on-year; net profit attributable to shareholders was RMB517 million, down 8.1% year-on-year. The clean energy segment recorded revenue of RMB10.42 billion, up 8.2% year-on-year, accounting for 81.0% of the company's revenue; new orders reached RMB10.61 billion, up 18.3% year-on-year, with orders on hand of RMB27.76 billion, up 10.1% year-on-year. Overseas markets in Africa, Southeast Asia, and the Americas continued to break through, with onshore revenue and new orders achieving double-digit growth year-on-year; the domestic market benefited from strong LNG storage and transportation demand, leading to significant growth in related new orders. New orders for commercial aerospace-related business reached RMB180 million, up more than 1.5 times year-on-year. The marine clean energy segment achieved revenue of RMB3.55 billion, up 16% year-on-year. New orders amounted to RMB4.54 billion, up 40.1% year-on-year, and orders on hand reached RMB19.85 billion, up 17.0% year-on-year, with shipbuilding orders scheduled through 2029. The company signed eight shipbuilding orders, including two 20,000-cubic-meter LNG bunkering vessels and a 1+1 order for 20,000-cubic-meter LNG bunkering vessels. During the reporting period, it also delivered China's first core liquid cargo system for multi-purpose liquefied gas carriers, reducing manufacturing costs by approximately 30% to 40%. In the integrated services segment, three steel-coking integration projects in operation have a combined annual production capacity of 420,000 tonnes of LNG, 80,000 tonnes of blue ammonia, and 48 million standard cubic meters of high-purity hydrogen. In the first half of the year, the group's steel-coking integration projects saw profit growth of more than two times year-on-year. The company also signed its first overseas project in Indonesia's Tsingshan and a domestic project with Pangang during the reporting period. Hydrogen energy business new orders reached RMB470 million, with orders on hand of RMB330 million; shipments of 30MPa hydrogen tube skid containers increased 17.0% year-on-year, and two large skid-mounted hydrogen pipeline compressors were delivered. The chemical and environmental segment benefited from recovering tank container demand and advanced high-end medical imaging components and intelligent equipment businesses, achieving revenue of RMB1.29 billion, up 16.0% year-on-year, accounting for 10% of group revenue. New orders for this segment reached RMB1.66 billion, up 54.3% year-on-year, with orders on hand of RMB1.57 billion, up 86.8% year-on-year. The liquid food segment, affected by insufficient orders on hand at the beginning of the reporting period and cautious capital expenditure by traditional beer and spirits customers, recorded revenue of RMB1.16 billion, down 38.3% year-on-year. However, during the reporting period, new orders for this segment reached RMB1.44 billion, up 108.4% year-on-year, with current orders on hand of RMB2.44 billion. In July 2026, the company pre-won three projects: a large European beer brewing project, a new brewery project in Jiangsu, and a green intelligent production base project for a large domestic pickled vegetable company, with a combined order value of approximately RMB280 million.