Off-shore Shipbuilding Orders Fully Scheduled through 2028
Green Methanol Plant to Launch Production in Q4
(28 October 2025 – Hong Kong) CIMC Enric Holdings Limited together with its subsidiaries (“CIMC Enric” or the “Group”) (Stock Code: 3899.HK), is pleased to announce its operational results for the third quarter of 2025. For the first three quarters of 2025, the Group recorded revenue of approximately RMB19.35 billion, representing a year-on-year (“YoY”) increase of 7.7%. Net profit attributable to shareholders rose steadily to RMB770 million, representing an increase of 12.9% YoY.
Buoyed by a recovery in domestic natural gas consumption and robust growth in offshore clean energy, the clean energy segment delivered strong performance, with revenue rising 19.4% YoY to approximately RMB15.04 billion in the first three quarters. Within the segment, revenue from the offshore clean energy business surged 64.4% YoY to approximately RMB4.81 billion. The Group accelerated the pace of marine vessel deliveries, with five vessels delivered during the third quarter, bringing the total number of vessel deliveries to 14 for the year to date.
Supported by the profit realization from the offshore clean energy business, incremental profit contributions from coke oven gas-to-hydrogen LNG projects, and batch deliveries of high-end cryogenic tank containers to overseas markets, the clean energy segment’s reportable profit recorded a significant increase in 2025. Sales continued to rise across products including offshore liquefied gas vessels, liquid tanks, LNG on-vehicle cylinders, spherical tanks and industrial gas cryogenic tanks. As of the nine months ended 30 September 2025, the newly signed orders for offshore clean energy business reached approximately RMB8.65 billion, up 16.2% YoY, while the backlog orders expanded 39.5% YoY to approximately RMB19.95 billion, reaching a record high. Shipbuilding orders are now scheduled through 2028.
Despite fluctuations in the global shipbuilding market due to geopolitical influences, the Group achieved several breakthroughs in the third quarter, including orders signed with Singapore-based shipowner Purus for two 18,900m³ LNG bunkering vessels and with GSX Energy for 2+2 20,000m³ LNG bunkering vessels, which will support clients such as Shell in expanding global LNG bunkering service capabilities. Additionally, the Group secured an order with a Norwegian shipowner for 2+2 51,000m³ the world’s largest ammonia-fueled MGCs, furthering the application of green ship technologies in deep-sea transportation.
In the chemical and environmental segment, due to factors including China's low chemical product price indices, weak capacity utilization, and a decline in tank container export volumes, revenue for the first three quarters declined to approximately RMB1.57 billion, accounting for 8.1% of total Group revenue. In response to these challenges, the segment maintained its leading global market share in the tank container business. It also deepened its efforts in developing high-end medical equipment components and actively pursued new secondgrowth curve.
Affected by macroeconomic uncertainties arising from the U.S. external tariff policies and other factors, the liquid food segment’s revenue decreased slightly to approximately RMB2.74 billion in the first three quarters of 2025. This segment has actively advanced its digital transformation by launching the Ziemann AnalytiX platform during the period, leading the brewing industry into the era of data valorization and injecting strong momentum for future business growth.
Looking ahead, benefiting from the continued recovery in domestic natural gas consumption, the Group’s LNG-related equipment such as on-vehicle LNG cylinders are expected to maintain steady growth. In the global market, the Group’s LNG carrier and bunkering vessels, LNG fuel tanks for ships, tankships and gas supply systems are expected to continue benefiting from the global shipping industry’s green transformation. According to Clarksons, the global development of green methanol-fueled vessels has accelerated. Starting from 2025, green methanol vessels have been launched in batches, with 75 such vessels already in operation as of the end of September 2025. The global demand for methanol fuel from operational methanol vessels is projected to exceed 2 million tons per year in 2025. The Group’s Phase I project, with initial annual production capacity of 50,000 tons of green methanol, is expected to officially commence operations in the fourth quarter of this year.
Mr. Yang Xiaohu, Executive Director and President of CIMC Enric, said “Despite a complex global environment, the Group achieved steady growth in the first three quarters, with the clean energy segment continuing to deliver remarkable results. Offshore clean energy orders reached a historic high, underscoring CIMC Enric’s leadership and resilience across key equipment, core processes and integrated services within the green energy industry. Looking forward, we will continue to seize opportunities arising from the global energy transition and accelerate the implementation of low-carbon energy projects such as green methanol, where demand is strong both in China and globally.”
