CIMC Enric (03899) net profit of 817 million yuan in the first three quarters increased 6.5% year-on-year

According to the Zhitong Finance App, CIMC Enric (03899) announced that in the first three quarters of 2026, the group obtained revenue of 20.52 billion yuan, an increase of 6.0%; net profit of 836 million yuan, an increase of 5.3%; and profit attributable to shareholders of 817 million yuan, an increase of 6.5% over the previous year. In the third quarter, the group achieved revenue of 7.635 billion yuan, an increase of 13.4% year on year; net profit of 310 million yuan, an increase of 45.5% year on year; profit attributable to shareholders of 300 million yuan, an increase of 47.1% year on year.

In the third quarter of 2026, the Group's Clean Energy and Chemical Environment segment maintained strong growth, driving the Group's third-quarter revenue up 13.4% year-on-year to 7.635 billion yuan (same period in 2025:6.734 billion yuan), and profit attributable to the Group's equity holders increased 47.1% year-on-year to 300 million yuan (same period in 2025:204 million yuan).

In the third quarter of 2026, thanks to strong growth in clean water energy and natural gas storage and transportation equipment, the Clean Energy segment's revenue increased 16.8% to 6.319 billion yuan (same period in 2025:5.412 billion yuan). The top five sales revenue products were liquefied gas carriers, liquid tanks, large cryogenic tanks, LNG trailers and CNG high-pressure vehicles and pipelines. The Clean Energy segment continues to be the Group's most profitable business segment, and its share increased to 82.8% in the third quarter of 2026 (same period in 2025:80.4%). Thanks to the release of profits from the clean water energy business, the incremental profit contribution of the coke oven gas to LNG hydrogen production project, and increased demand for natural gas transportation equipment, the clean energy division's profit attributable to shareholders increased sharply by 42.9% year-on-year in the third quarter of 2026.

In the land-based clean energy business sector, revenue increased 14.7% year-on-year to 4.202 billion yuan in the third quarter of 2026 (same period in 2025: $3,665 billion). Despite the weak performance of China's apparent natural gas consumption and LNG imports in the third quarter of 2026, demand for natural gas storage and transportation equipment continued to grow during the period due to increased domestic gas production, increased demand for domestic natural gas inland transportation, and accelerated construction of domestic LNG filling stations and integrated energy stations. The overseas business of onshore clean energy also expanded strongly. During the period, the Colombian gas integration project and the African spherical tank project progressed steadily, and equipment such as LNG tanks and CNG tube bundles were exported in batches. In the third quarter of 2026, onshore and offshore clean energy revenue increased sharply by 62.6% year-on-year to 831 million yuan (same period in 2025:511 million yuan). In addition, the Group's low-carbon energy station power generation equipment once again won the bid for the Daqing Oilfield project. The distributed gas power generation business has covered core domestic oil and gas production areas such as Daqing, Sichuan and Chongqing, Xinjiang, and Inner Mongolia, and has successfully exported communication base stations in Nigeria. In terms of integrated service business, the Anji Yingkou, Ling Steel Project and the newly put into operation of the Shougang Water Steel Project; the Group helped Guangzhou Port complete the first domestic green methanol filling for an international bulk carrier. Self-produced biomass green methanol has successfully completed a closed loop of “production - storage - transportation - filling” in the Guangdong-Hong Kong-Macao Greater Bay Area. At the same time, the China State Grid and Datang Shandong Company have reached an integrated green methanol project cooperation in Dongying.

In the water clean energy business sector, in the third quarter of 2026, revenue increased sharply by 21.2% year-on-year to 21.17 billion yuan (same period in 2025:1,747 billion yuan). In the third quarter of 2026, the Group delivered 6 ships. During the period, the Group received orders for a number of LNG transportation and filling vessels from domestic and international customers, further maintaining the world's leading market share in this segment. In addition, it received orders for batch MR medium product tankers. In the nine months ended September 30, 2026, Clean Water Energy signed a total of 8.85 billion yuan in new orders and 21,683 billion yuan in progress. Of these, shipbuilding business orders have been scheduled to be produced until 2029. In the long term, the Group's products such as LNG carriers, LNG marine fuel tanks, liquid cargo tanks, and gas supply systems will continue to benefit from the green transformation of global shipping.