CIMC ENRIC (03899) reported a year-on-year increase of 24.4% in first quarter profits to 5.765 billion yuan.

CIMC ENRIC(03899) announced that as of March 31, 2025, the Group's clean energy division has accumulated new orders totaling 3.858 billion RMB. Due to the impact of the Chinese New Year holiday in February, several engineering projects have not been tendered in the first quarter of 2025, which has had a certain impact on the new orders for clean energy engineering business during this period. In the first quarter of 2025, the chemical environmental division achieved new orders of 444 million RMB, a year-on-year increase of 17.3%; the liquid food division achieved new orders of 264 million RMB, and the Group is currently following up on several large industrial beer projects in North America and the Middle East. In the first quarter of 2025, the Group achieved strong revenue growth, and net profit attributable to shareholders also increased year-on-year. Despite facing challenges such as a slight slowdown in Chinese natural gas consumption growth, increasing macroeconomic uncertainties, and the impact of the traditional Chinese New Year holiday, the Group's revenue increased by 24.4% year-on-year to 5.765 billion RMB. The domestic and overseas markets accounted for 54.5% and 45.5% of the Group's total revenue, respectively (compared to 51.5% and 48.5% in the same period in 2024). In the first quarter of 2025, the clean energy division's revenue increased significantly by 33.4% year-on-year to 4.342 billion RMB (compared to 3.255 billion RMB in the same period in 2024), with hydrogen energy revenue accounting for approximately 143 million RMB. The clean energy division was the business division with the highest revenue contribution to the Group, accounting for 75.3% of the Group's total revenue (compared to 70.2% in the same period in 2024). In the first quarter of 2025, the chemical environmental division achieved revenue of 570 million RMB (compared to 562 million RMB in the same period in 2024), a year-on-year increase of 1.4%, accounting for 9.9% of the Group's total revenue (compared to 12.2% in the same period in 2024). The revenue from high-end medical equipment components business was 54.41 million RMB, a 21.0% increase year-on-year. In the first quarter of 2025, the chemical environmental division accumulated new orders totaling 4.44 billion RMB, a 17.3% increase from the same period last year. The tank container business showed a weak recovery trend overall, and in April 2025, the chemical environmental division's orders maintained a strong year-on-year growth. In the first quarter of 2025, the liquid food division steadily delivered projects, with revenue increasing by 4.3% year-on-year to 853 million RMB (compared to 818 million RMB in the same period in 2024), accounting for 14.8% of the Group's total revenue (compared to 17.6% in the same period in 2024). At the beginning of 2025, the Group's production base in Mexico went into full operation, further enhancing the Group's global business capabilities in the turnkey engineering field of liquid food.