HK Stock Market Move | CIMC ENRIC (03899) rose more than 4% in the morning, driven by policies in the commercial aerospace industry. The company has become a service provider for many enterprises in the industry.

CIMC ENRIC (03899) rose more than 4% in the morning, up 3.94% as of the time of writing, at HK$9.24, with a turnover of HK$46,606,400. On the news front, recently, the Shanghai Stock Exchange issued the "Guidelines for the Application of the Shanghai Stock Exchange Issuance and Listing Review Rules No. 9 - Application of the Science and Technology Innovation Board's Fifth Set of Listing Standards for Commercial Rocket Companies", aiming to encourage commercial rocket companies to carry out R&D innovation on key core technology products, enhance the inclusiveness and adaptability of the system, accelerate the innovative development of commercial aerospace, and actively serve the national aerospace strategy. Analysts at Huatai believe that the commercial aerospace industry is transitioning from the nurturing period to the growth period, and future policies may optimize industry access, strengthen project approvals, and promote infrastructure construction and sharing to guide resources towards core technology breakthroughs and high value-added links. It is reported that CIMC ENRIC's commercial aerospace business focuses on low-temperature and high-pressure storage and refueling core equipment, relying on its accumulation of low-temperature and high-pressure technology in the energy equipment field to provide propellant storage and supply gas systems for rocket launches domestically and abroad. China International Marine Containers recently stated on their investor interaction platform that their subsidiary, CIMC ENRIC, has deep technical expertise in the field of low-temperature special equipment and can provide critical equipment including fuel transportation, storage, and refueling systems, becoming a supporting service provider for multiple commercial aerospace companies. Within the year, CIMC ENRIC has provided 9 large low-temperature liquid oxygen tanks for clients' commercial aerospace projects.