Financial Highlights:
Interim Revenue grew steadily by 9.9% to RMB12.61 billion;
Net profit attributable to shareholders surged 15.6% year-on-year ("YoY”) to RMB 560 million;
Clean energy revenue increased significantly by 22.2% YoY to RMB9.63 billion;
Liquid food revenue in China grew 36% YoY; Liquid food gross profit margin increased significantly by 5.1 percentage point to 24.2%
(27 August 2025, Hong Kong) - CIMC Enric Holdings Limited, a global leader in clean energy key equipment manufacture, core process technologies, and integrated services, along with its subsidiaries (collectively, "CIMC Enric" or "Group") (stock code: 3899.HK), announced its unaudited interim results for the six months ended 30 June 2025 (the " Period").
Mr. Gao Xiang, Chairman of CIMC Enric, stated: “During the first half of 2025, despite multifaceted challenges, the Group still delivered outstanding performance leveraging on its full industrial chain business layout and integrated solutions in the clean energy field. Revenue recorded significant YoY growth. Despite facing a weak industry recovery and declining demand for chemical tank containers, the chemical and environmental segment maintained its global market leadership through persistent focus on research and development and improvement, while actively expanding its high-end medical imaging equipment business to create a second growth curve. Regarding the liquid food business, the China market grew rapidly, while the Group advanced multiple turnkey projects globally. Meanwhile the newly invested plant in Mexico commenced full operations, further strengthening the Group’s global operational capabilities.”
For the first half of 2025, the Group’s consolidated revenue rose by 9.9% YoY to RMB12.61 billion. Profit attributable to shareholders rose significantly by 15.6% YoY to RMB560 million, with basic earnings per share of RMB0.278.
Operational Performance
In the Clean Energy Segment, the clean energy segment remained the top-grossing segment, with its contribution to the Group’s total revenue, further increasing to 76.3% (from 68.6% same period last year). With the continuous improvement of requirements for environmental protection, energy conservation, and emission reduction in China, the sales of the storage and transportation equipment, such as on-vehicle LNG fuel tanks, cryogenic storage tanks, industrial gas storage tanks, and tank containers, have been driven upward. As a result, the clean energy segment’s revenue for the first half of 2025 rose by 22.2% YoY to RMB9.63 billion.
In the onshore clean energy segment, the Group leveraged its enhanced process design capabilities in coke oven gas utilization to successfully construct and deliver the Ling Steel project during the Period, marking its first replication for end-to-end integrated service project in this field. The Anji project, the Group’s first project invested in joint production of hydrogen and LNG from coke oven gas, was smoothly operating during the Period. The second Ling Steel project in this field has also successfully completed equipment installation and now possesses the capacity for mass production of LNG and liquid ammonia (for hydrogen storage control). Furthermore, the Group’s first biomass green methanol project with an annual production capacity of 50,000 tons is progressing smoothly and is expected to commence production in the fourth quarter of this year. Simultaneously, the Group continued to deepen its presence in various countries and regions, securing multiple orders for spherical tanks and large cryogenic tanks from leading enterprises in the Middle East, Africa and beyond.
In the offshore clean energy segment, the Group successfully delivered 9 clean energy marine vessels during the Period. During the Period, the Group secured a total of 7 new-build ship orders, and secured multiple offshore engineering vessel orders, shipbuilding and marine fuel tank-related businesses with the backlog order of RMB16.97 billion. In addition, during the Period, the Group acquired Youqi Environmental Engineering (Shanghai) Co., Ltd., significantly enhancing its core capabilities in the process design and construction of gas supply systems and liquid cargo systems, and further strengthening the core competitiveness in the field of marine liquefied gas vessels. During the Period, the Group benefited from the green upgrading of inland waterway shipping, integrated solutions capabilities such as LNG power packages for inland-waterway vessels power packages, LNG shore refueling, LNG tank swap refueling and safety systems, as well as smart systems. Since the beginning of this year, the Group has secured multiple orders for LNG and methanol power packages, with the total value of newly signed orders exceeding RMB500 million.
For hydrogen energy business, the Group further strengthened the full industrial chain equipment for hydrogen energy “production, storage, transportation, refueling and utilization”. In terms of upstream hydrogen production, the BOP separation system jointly developed by CIMC Hydrogen Energy and Haide Hydrogen Energy, was officially launched and shipped overseas for application in a hydrogen production project. For hydrogen storage, the Group secured multiple green hydrogen, ammonia, and methanol projects, with the newly signed contract values amounting to RMB140 million, representing a YoY increase of 346%. In terms of terminal application, the Type IV high-pressure on-vehicle hydrogen cylinders have obtained the TPED (Transportable Pressure Equipment Directive) certification, and multiple orders were successively delivered to European customers during the Period.
In the Chemical and Environmental Segment, the industry experienced a weak recovery, leading to a slowdown in the previously rapid growth of demand for tank containers. As a result, the chemical and environmental segment’s revenue decreased by 14.3% YoY to RMB1.11 billion, making up 8.8% of the Group’s total revenue. In response to these challenges, the Group has continued to invest in research and development, maintaining its leading global market share in the chemical tank container business. At the same time, its capabilities in designing and manufacturing key components of high-end medical imaging equipment have steadily improved, and its product portfolio has expanded. For the first half of 2025, the Company’s high-end medical nuclear magnetic business closely followed the technological progress and market development of leading enterprises and developed in step with the industry through continuous innovation and management upgrading, achieving steady growth in performance.
In the Liquid Food Segment, the industry has been impacted by macroeconomic pressures and interest rate fluctuations, while the rising cost of living has resulted in a slowdown in consumer demand. Some overseas clients take a more cautious approach to capital investments, leading to delays in some projects. During the Period, the revenue of the segment decreased by 18.6% YoY to RMB1.88 billion, accounting for 14.9% of the Group’s total revenue. The net profit remind stable YoY. However, in the domestic market, benefiting from strong demand in the beer, juice, whiskey, and broader international spirits sectors, the Group’s revenue in China increased by 36% YoY in the first half of 2025, with overall gross profit margin of the segment expanding significantly by 5.1 percentage points. During the Period, the segment undertook a number of brewery, beverage and juice, and malt whisky plant projects in Brazil, Scotland and China. It also secured multiple new project orders in Eastern Europe, the Americas, Africa and Southeast Asia, as well as expansion projects for strategic partners in Guatemala, Texas and Cambodia, which underscore the segment’s robust capabilities in client relationship management and its far-reaching influence in global operations. In addition, the segment’s newly invested plant in Mexico commenced full operations and secured its first major storage tank project during the period, further strengthened CLPT’s service capabilities and market position in the Americas.
Prospects and Future Plans
Clean Energy Segment
In terms of key equipment and core processes, the Group will bolster its research and development capabilities to maintain its leading position in the markets for LNG, high-pressure gaseous hydrogen, liquid hydrogen, liquid ammonia and methanol storage and transportation sectors. The Group will also proactively explore emerging business areas such as energy storage. As for comprehensive services, the Group will continue to promote the replication and implementation of strategic projects for clean alternative fuels, such as joint production of hydrogen and LNG from coke oven gas and biomass green methanol. The large-scale execution of such projects will create new growth engines for the business portfolio. Simultaneously, the Group will strengthen core technological capabilities related to hydrogen production from coke oven gas, methanol, and synthetic ammonia and pursue new project expansions. For downstream application, the Group will continue to focus on green upgrades in the transportation field, supporting the application of LNG heavy-duty trucks and hydrogen fuel cell vehicles in the transportation sector. The Group will also accelerate the development of distributed energy integrated services and expand into diversified application scenarios, helping customers in industries such as manufacturing, construction and agriculture to reduce carbon emissions and save energy, thus accelerating the decarbonisation process. In addition, the Group will also drive the development and platform construction of smart energy equipment, creating “one network on land” and “one network on water” and connecting clean energy equipment to achieve digital and intelligent management, and fostering new energy internet business models. The Group will further intensify its efforts to expand into overseas markets and enhance its overseas sales network and business matrix, with greater energy for market expansion in Asia Pacific, Africa, the Middle East and Europe, thereby fully seizing the development opportunities in the global market.
Chemical and Environmental Segment (CIMC Safeway)
In the long term, the global supply chain landscape is rapidly shifting towards regionalisation, shorter supply chains, and diversification. This regional shift in trade patterns is expected to create sustained growth opportunities for the tank container market. The tank container market is experiencing a spiral upward trajectory, moving towards safer, more economical, environmentally friendly and intelligent green logistics models. In China, the chemical tank containers, as a core transport unit in intermodal transport of hazardous chemicals, are expected to see increased market demand as the policy promotes “single-container system”. Moreover, driven by both market demand and supportive policy incentives, the Chinese medical imaging equipment market will continue to grow. The segment fully implemented the medium and long-term strategy of “lean innovation, intelligent renovation and digital transformation, tank containers linking the world, green development”, with operation excellence as its core driving force to constantly enhance innovation and research and development capabilities, expand the penetration rate of tank containers market and actively explore emerging markets, and firmly adheres to the principles of low-carbon and green development. The segment is also actively seeking suitable M&A targets to create a second growth curve, accelerating business diversification and market expansion through strategic acquisitions.
Liquid Food Segment (CLPT)
Driven by macro trends such as population growth, the expansion of the middle class, increasing urbanisation, and rising demand for more sustainable and low-carbon production methods, coupled with growing customer interest in technological innovation and environmentally conscious solutions, the liquid processing industry is poised for long-term, sustainable growth. Leveraging its global leadership in turnkey project delivery for liquid equipment, CLPT—while maintaining its core strengths in beer and spirits—will also closely monitoring industry developments and strategically expand into emerging markets such as Southeast Asia and Africa. Anchored by strategies focused on digitalisation, diversification, and sustainable development, the Group will ensure stable business growth by actively expanding domestic whisky projects and increasing its market share in China, while advancing research and development in biopharmaceuticals and the Ready To Drink beverages (RTDs) market.
Looking ahead, Chairman Mr. Gao Xiang summarised, “The Group will deepen its business layout at both the upstream resource end and the terminal application end of clean energy, establishing itself as a comprehensive provider of “Key Equipment + Core Processes + Integrated services”. At the same time, the Group attaches great importance to full lifecycle services for chemical tank containers, continuously optimising its after-sales service network by integrating resources such as cleaning, maintenance, testing and storage, and striving to create a comprehensive one-stop solution platform to enhance the efficiency of the chemical and environmental industries. In the liquid food segment, the Group will anchor its strategy in diversification, digitalisation and sustainable development, actively expanding into higher-growth markets while innovating its operations and offerings and advancing green transformation projects across the portfolio.”
