HK Stock Movement | CIMC ENRIC (03899) Rises Nearly 4%, Company Now Among Global Leading Aerospace Storage Equipment Suppliers

Stock News01-09

CIMC ENRIC (03899) rose nearly 4%, and as of the time of writing, it was up 3.9% to HKD 10.62, with a turnover of HKD 65.8062 million. Recently, the investor relations activity record of CIMC Group disclosed that its subsidiary, CIMC ENRIC, possesses profound technical expertise in the fields of low-temperature and high-pressure special equipment. In the commercial aerospace sector, the company can supply liquid oxygen storage tanks, liquid nitrogen tanks, methane tanks, as well as nitrogen atmospheric and high-pressure storage equipment, and high-pressure helium gas cylinder bundles. It has now established itself among the world's primary suppliers of aerospace storage equipment, having built stable cooperative supply relationships with numerous renowned aerospace projects both domestically and internationally. In 2025, the revenue and order backlog for CIMC ENRIC's related business exceeded RMB 100 million, with approximately half of that revenue originating from overseas. Citigroup previously noted that, according to CIMC ENRIC's management, the company's related business revenue for this year has already surpassed RMB 100 million, with 50% coming from overseas markets. The bank believes that although the revenue from this business is currently limited, it could become a rapid growth segment for CIMC ENRIC, partly due to the earlier release of the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)" by the China National Space Administration.

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