Changes in Hong Kong stocks | CIMC Enric (03899) rose more than 4% in the morning, and the commercial aerospace industry welcome policy catalyst company has become a supporting service provider for many companies in the industry

The Zhitong Finance App learned that CIMC Enrique (03899) rose more than 4% in the morning. As of press release, it had risen 3.94% to HK$9.24, with a turnover of HK$46.64 million.

According to the news, the Shanghai Stock Exchange recently released the “Shanghai Stock Exchange Issuance and Listing Review Rules Application Guidelines No. 9 - Commercial Rocket Companies Apply the Fifth Set of Listing Standards on the Science and Technology Innovation Board”, which aims to encourage commercial rocket companies to develop and innovate key core technology products, enhance the inclusiveness and adaptability of the system, and accelerate the strategy of promoting commercial aerospace innovation and development and actively serving a space power. Analysts at Huatai Securities believe that the commercial aerospace industry is entering a period of growth. The future policy may guide resources to focus on breakthroughs in core technology and high added value through measures such as optimizing industry entry, strengthening project approval, and promoting infrastructure co-construction and sharing.

According to reports, CIMC Enric's commercial aerospace business focuses on low temperature and high pressure storage, transportation and filling core equipment, and relies on its accumulation of low temperature and high pressure technology in the field of energy equipment to provide propellant storage, transportation and gas supply systems for domestic and foreign rocket launches. CIMC Group recently stated on the investor interactive platform that the group's subsidiary CIMC Enric has deep technical accumulation in the field of low temperature special equipment, can provide key equipment including fuel transportation, storage, and filling systems, and has become a supporting service provider for many commercial space companies. During the year, CIMC Enric provided nine large cryogenic liquid oxygen storage tanks for customers' commercial aerospace projects.