Strong momentum in clean energy drives performance; green methanol plant to begin production in Q4
HONG KONG, October 28, 2025 — CIMC Enric Holdings Limited (Stock Code: 3899.HK) reported a 12.9% year-on-year (YoY) rise in net profit attributable to shareholders to RMB770 million for the first three quarters of 2025, supported by robust growth in its clean energy segment and record-breaking offshore energy orders. Revenue climbed 7.7% YoY to RMB19.35 billion, underscoring the company’s steady operational performance despite a complex macroeconomic and geopolitical backdrop.
The results highlight the Group’s growing strength in offshore clean energy and marine engineering, alongside strategic diversification into low-carbon fuels such as green methanol, which is poised to become a key driver of future growth.
Clean Energy Segment Leads Growth
CIMC Enric’s clean energy segment delivered a 19.4% YoY increase in revenue to RMB15.04 billion, contributing nearly 80% of total group turnover. The offshore clean energy business, a key pillar of the segment, surged 64.4% YoY to RMB4.81 billion during the period.
Backed by a recovery in domestic natural gas demand and the continued global transition toward cleaner marine fuels, the Group accelerated its pace of vessel deliveries — completing five deliveries in Q3 and 14 vessels year-to-date.
Segmental profit growth was driven by higher margins from the offshore business, incremental contributions from coke oven gas-to-hydrogen LNG projects, and strong export demand for cryogenic tank containers. The Group’s product mix — spanning offshore liquefied gas vessels, LNG on-vehicle cylinders, spherical tanks, and industrial cryogenic tanks — continued to show strong sales momentum.
As of 30 September 2025, CIMC Enric’s newly signed offshore clean energy orders reached RMB8.65 billion, up 16.2% YoY, while backlog orders rose 39.5% YoY to RMB19.95 billion, marking a new record high. Shipbuilding orders are now fully booked through 2028, reflecting growing global confidence in the Group’s marine and energy solutions.
Expanding Presence in Global Clean Shipping
Despite volatility in the global shipbuilding sector, CIMC Enric achieved multiple strategic wins during the third quarter. These included:
- Two 18,900m³ LNG bunkering vessels for Singapore-based shipowner Purus, supporting Shell’s global LNG bunkering network.
- 2+2 20,000m³ LNG bunkering vessels for GSX Energy, expanding its clean fuel logistics fleet.
- An order with a Norwegian shipowner for 2+2 51,000m³ ammonia-fueled MGCs, the world’s largest vessels of their kind — underscoring CIMC Enric’s growing leadership in green ship technologies.
These contracts reinforce the Group’s ability to capture demand from the global green shipping transition, as more operators adopt ammonia and LNG-fueled vessels to meet decarbonisation targets.
Navigating Headwinds in Other Segments
The chemical and environmental segment faced challenges from weak pricing and lower export volumes. Revenue declined to RMB1.57 billion, representing 8.1% of total Group revenue. Nevertheless, CIMC Enric maintained its leading global market share in tank containers and deepened its focus on high-end medical equipment components and new growth initiatives.
The liquid food segment posted a modest decline to RMB2.74 billion, weighed by external tariff uncertainties. However, the launch of Ziemann AnalytiX, a digital analytics platform, marked a strategic step toward digital transformation in the brewing and food processing industries.
Green Methanol and Low-Carbon Growth Outlook
CIMC Enric continues to position itself at the forefront of low-carbon fuel innovation. The Group’s Phase I green methanol project, with an initial production capacity of 50,000 tons per year, is scheduled to begin operations in Q4 2025.
According to Clarksons Research, over 75 methanol-fueled vessels are already in operation globally, with demand for methanol fuel expected to exceed 2 million tons annually this year. CIMC Enric’s early move into green methanol production positions it to capitalise on this accelerating market.
“Despite a complex global environment, the Group achieved steady growth in the first three quarters, with the clean energy segment continuing to deliver remarkable results,” said Mr. Yang Xiaohu, Executive Director and President of CIMC Enric. “Offshore clean energy orders reached a historic high, underscoring CIMC Enric’s leadership and resilience across key equipment, core processes, and integrated services within the green energy industry. We will continue to seize opportunities arising from the global energy transition and accelerate the implementation of low-carbon projects such as green methanol.”
Looking ahead, CIMC Enric expects continued growth in LNG-related equipment as domestic gas consumption recovers. On the international front, demand for LNG carriers, bunkering vessels, and fuel systems will remain robust, supported by global commitments to net-zero shipping. By aligning its innovation roadmap with the decarbonisation of global trade and energy systems, CIMC Enric is set to consolidate its role as a key player in Asia’s emerging green marine and clean energy economy — bridging industrial engineering and environmental responsibility through technology-led growth