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CIMC Enric (03899.HK): Order Backlog at RMB31.433 billion; 1Q26 Clean Energy Segment New Orders Up 30.5% YoY
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CIMC Enric (03899.HK) announced that in 1Q26, new orders for its clean energy segment amounted to RMB5.032 billion, up 30.5% YoY, benefiting from the continued global green transformation in shipping. Strong demand for LNG transportation bunkering vessels and fuel tanks drove new orders in the marine clean energy business to RMB2.109 billion, representing a significant YoY increase of 45.6%. In March this year, affected by geopolitical factors, the price spread between LNG and diesel widened, highlighting the economic advantages of LNG. Growing demand for LNG heavy trucks boosted orders for LNG vehicle cylinders and other terminal applications. In addition, orders for LNG tank trucks surged due to robust demand for gas used in transportation and incremental LNG transportation needs. New orders from commercial aerospace-related businesses reached RMB0.109 billion, up 122.2% YoY. New orders from the overseas onshore clean energy market increased 19.7% YoY to RMB0.633 billion. New orders from the hydrogen energy business amounted to RMB0.202 billion. In 1Q26, demand for tank containers improved, and the chemical and environment segment recorded new orders of RMB0.979 billion, representing a substantial YoY increase of 120.2%. The decline in new orders for the liquid food segment narrowed. In April this year, the segment secured bids for several brewery turnkey projects and baijiu technical upgrade projects. As of April 24 this year, the liquid food segment had accumulated bid-winning orders totaling RMB1.166 billion, up sharply by 203.9% YoY. As of the end of March this year, the groups order backlog amounted to RMB31.433 billion. The clean energy segments order backlog reached RMB27.706 billion, up 15.5% YoY. Among which, the marine clean energy business recorded an order backlog of RMB19.799 billion, up 19.4% YoY; commercial aerospace-related businesses had an order backlog of RMB0.142 billion, up 123.6% YoY; and the hydrogen energy business had an order backlog of RMB0.272 billion. The chemical and environment segments order backlog amounted to RMB1.727 billion, up 118.3% YoY. (sl/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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