CIMC ENRIC's net profit for the first three quarters was 767 million yuan, an increase of 12.9% year-on-year.

CIMC ENRIC (03899) announced that in the first three quarters of 2025, the group achieved revenue of 19.348 billion yuan, an increase of 7.7% year-on-year; net profit was 794 million yuan, an increase of 12.2%; attributable profit to shareholders was 767 million yuan, an increase of 12.9% year-on-year. In the third quarter, the group achieved revenue of 6.734 billion yuan, an increase of 3.8% year-on-year; net profit was 213 million yuan, an increase of 4.3%; attributable profit to shareholders was 204 million yuan, an increase of 6.2% year-on-year. In the third quarter of 2025, the group's clean energy business continued to grow, driving a 3.8% year-on-year increase in revenue to 6.734 billion yuan (compared to approximately 6.489 billion yuan in the same period of 2024). The group's share of profits attributable to equity holders increased by 6.2% year-on-year to 204 million yuan (compared to approximately 193 million yuan in the same period of 2024). In the third quarter of 2025, benefiting from the recovery of domestic natural gas consumption and strong growth in offshore clean energy, the revenue of the clean energy division increased by 14.6% to approximately 5.412 billion yuan (compared to approximately 4.723 billion yuan in the same period of 2024). The top five products in terms of sales revenue were liquefied gas ships, tankers, LNG tank trucks, spherical tanks, and industrial gas cryogenic tanks. The clean energy division continued to be the business division with the highest revenue contribution to the group, accounting for 80.4% in the third quarter of 2025 (compared to 72.8% in the same period of 2024). Due to the profit release of offshore clean energy business, incremental profit contribution from the coke oven gas to hydrogen to LNG project, and batch delivery of overseas high-end cryogenic tank containers, the clean energy division is expected to report a significantly higher profit in 2025. In the third quarter of 2025, the group delivered 5 vessels, and the revenue of the offshore clean energy business increased significantly by 51.7% year-on-year to approximately 1.747 billion yuan (compared to approximately 1.152 billion yuan in the same period of 2024). As of September 30, 2025, the group has delivered a total of 14 vessels this year. Throughout the year, impacted by the policies related to the U.S. Section 301 investigation, the shipbuilding market experienced some fluctuations. Despite this external environmental disturbance, the group still made significant progress in orders in the third quarter of 2025, including signing new contracts with Singapore shipowner Purus for 2 18,900 cubic meters LNG bunkering vessels, and signed a contract with GSX Energy for 2+2 20,000 cubic meters LNG bunkering vessels, which will help customers like Shell expand their global LNG bunkering services capacity; and signed a contract with Norwegian shipowners for 2+2 51,000 cubic meters of the world's largest ammonia-fueled MGC shipbuilding orders, continuing to promote the application of green ship technology in the field of ocean transportation. In the nine months ending on September 30, 2025, new orders for offshore clean energy were approximately 8.646 billion yuan (compared to approximately 7.439 billion yuan in the same period of 2024), an increase of 16.2% year-on-year. The backlog of offshore clean energy orders is approximately 19.953 billion yuan (compared to approximately 14.301 billion yuan in the same period of 2024), an increase of 39.5% year-on-year, reaching a historical high, with shipbuilding orders already scheduled until 2028. Looking ahead, the group's LNG transportation bunkering vessels, LNG ship fuel tanks, liquid cargo holds, and gas supply systems products will continue to benefit from the global maritime industry's green transition.