CIMC Enric (3899) H2 2025 earnings summary

Executive summary

• Revenue and net profit increased year-over-year, driven by robust growth in the clean energy segment, which now accounts for over 78% of total revenue and offset declines in other segments.

• Clean energy, chemical & environmental, and liquid food segments all contributed to growth, with clean energy showing the most significant gains.

• Net profit attributable to shareholders increased to RMB1.14 billion; consolidated net profit up to RMB1.17 billion.

• Basic earnings per share increased 3.5% to RMB0.561.

• Strong order intake and backlog, especially in clean energy and chemical & environmental, support future growth.

Financial highlights

• Total revenue rose 6.3% YoY to RMB26.33 billion; clean energy revenue up 19.7% YoY to RMB20.57 billion.

• Gross profit margin stable at 13.8%–14.0%; ROE maintained at 9.6%.

• Net cash from operating activities reached RMB1.74 billion; free cash flow was RMB650 million.

• Dividend of HKD0.31 per share declared or proposed, with a 50% payout ratio.

• Finance costs decreased by 10.1% to RMB93.9 million.

Outlook and guidance

• Clean energy segment to maintain leadership in LNG, hydrogen, ammonia, and methanol equipment, benefiting from global energy transition and policy support.

• Expansion in low-carbon power generation, energy storage, and commercial aerospace equipment anticipated.

• Hydrogen and green fuels projected to see large-scale application, with China advancing pilot projects and infrastructure.

• Chemical & environmental segment to deepen presence in medical equipment, nuclear fusion, and high-end equipment.

• Liquid food segment to focus on diversification, digital transformation, and growth in ready-to-drink beverages and biopharmaceuticals.