HK Stock Market Move | CIMC ENRIC (03899) rose over 6% in the afternoon, and the new signed orders in the first quarter for the clean energy division increased by 30.5% compared to the same period last year.

CIMC ENRIC (03899) rose more than 6% in the afternoon, up 6.5% as of the close at HK$10.65, with a turnover of HK$60.8253 million. On the news front, CIMC ENRIC announced that the new signed orders for its clean energy division in the first quarter of this year amounted to RMB 5.032 billion, a year-on-year increase of 30.5%. Due to the continued global green transformation of maritime shipping, there is strong demand for LNG transport refueling vessels, fuel tanks, etc., with new signed orders for water-based clean energy business reaching RMB 2.109 billion, a significant increase of 45.6% year-on-year. As of the end of March this year, the group's backlog orders amounted to RMB 31.433 billion. The backlog orders for the clean energy division amounted to RMB 27.706 billion, a year-on-year increase of 15.5%, with water-based clean energy business backlog orders reaching RMB 19.799 billion, a year-on-year increase of 19.4%; commercial space-related business backlog orders reached RMB 142 million, a year-on-year increase of 123.6%; hydrogen energy business backlog orders amounted to RMB 272 million. The backlog orders for the chemical environmental division reached RMB 1.727 billion, a year-on-year increase of 118.3%.