CIMC Enric Reports 36.7% Surge in New Orders to RMB6.24 Billion in Q1 2026

HONG KONG, April 29, 2026 – CIMC Enric Holdings Limited (HKG: 3899) reported strong first-quarter momentum for 2026, with newly signed orders rising 36.7% year-on-year to RMB6.24 billion, driven by sustained demand across its clean energy, chemical and environmental, and liquid food segments.

The company also maintained historically high backlog orders of RMB31.43 billion as of the end of March, providing strong visibility for future growth and reinforcing its position as a global leader in clean energy equipment manufacturing and integrated services.

Revenue for the first quarter reached RMB5.14 billion, with the clean energy segment contributing RMB4.23 billion, highlighting the continued dominance of the business amid growing global focus on decarbonisation and energy transition.

Clean energy segment drives growth

The clean energy segment remained the key growth engine, recording newly signed orders of RMB5.03 billion, up 30.5% year-on-year.

The strong performance was supported by robust offshore and onshore clean energy demand, particularly as the global shipping industry accelerates its green transition and LNG continues to demonstrate stronger economic advantages over conventional fuels.

Offshore clean energy orders reached RMB2.11 billion during the quarter, reflecting a 45.6% year-on-year increase. The widening price spread between LNG and diesel from March, influenced partly by geopolitical factors, also boosted demand for LNG-powered heavy-duty trucks, driving strong orders for terminal application equipment such as LNG on-vehicle cylinders and LNG trailers.

The company also reported significant growth in its commercial spaceflight business, where newly signed orders rose 122.2% year-on-year to RMB109 million. Overseas onshore clean energy markets remained strong, with new orders increasing 19.7% to RMB633 million.

Backlog orders in the clean energy segment stood at RMB27.71 billion by the end of March, representing a 15.5% year-on-year increase.

Steel-coke integration and LNG projects advance

CIMC Enric also made notable progress in its steel-coke integrated business, with parallel expansion across domestic and overseas markets.

The Group entered agreements with Tsingshan Group and Nanjing Iron & Steel to replicate its first overseas coke oven gas comprehensive utilisation project at the Indonesia Tsingshan Industrial Park.

Preparatory work for the project has commenced, while existing coke oven gas utilisation projects with Angang Steel and Linggang Steel continued stable operations. LNG production and sales volumes from these two projects doubled compared with the same period last year.

The chemical and environmental segment delivered one of the strongest performances during the quarter, driven by improving demand for tank containers and high-end medical equipment components.

Newly signed orders reached RMB979 million, representing a 120.2% year-on-year increase, while backlog orders rose 118.3% to RMB1.727 billion.

Revenue from the high-end medical equipment components business also grew steadily by 22.7% year-on-year to RMB67 million, reflecting the company’s continued diversification beyond its traditional industrial base.

Liquid food segment sees recovery momentum

Although the liquid food segment recorded revenue of RMB435 million during the quarter due to lower project carryover and customer-requested delivery delays, underlying demand showed clear signs of recovery.

The business actively pursued global beer and spirits turnkey projects, alongside opportunities in biopharmaceuticals, ready-to-drink beverages, and domestic baijiu technological upgrades.

The decline in newly signed orders narrowed during the quarter, while April saw multiple successful wins across brewery turnkey projects and baijiu upgrade initiatives.

As of 24 April 2026, the segment had secured accumulated bids worth RMB1.17 billion for the year, representing a sharp 203.9% year-on-year increase, underlining the company’s competitiveness in liquid food turnkey solutions.

Yang Xiaohu, Executive Director and President of CIMC Enric, said the strong order momentum in the first quarter had laid a solid foundation for future business growth. He noted that the Group had successfully captured opportunities arising from the global green transformation of shipping and the enhanced economic advantages of LNG, while also benefiting from improving demand in tank containers and a significant rebound in the liquid food segment.

Supported by backlog orders exceeding RMB31.43 billion, CIMC Enric said it will continue to focus on improving the quality of revenue from integrated services and further strengthening the global competitiveness of its business segments. As the global energy transition accelerates and industrial demand shifts towards cleaner solutions, the company appears well positioned to benefit from both infrastructure upgrades and long-term decarbonisation trends.