Stock Track | CIMC ENRIC Soars 6.70% Intraday on Strong Q1 Clean Energy Order Growth

Stock Track04-28

CIMC ENRIC's stock surged 6.70% during intraday trading on Tuesday, reflecting strong investor sentiment.

The sharp increase follows the company's announcement of robust first-quarter clean energy order growth. CIMC ENRIC secured new orders worth RMB 5.032 billion in its clean energy segment, representing a year-on-year increase of 30.5%. This growth is primarily driven by the ongoing global shipping green transformation, which has fueled robust demand for LNG transport and bunkering vessels as well as fuel tanks.

Additionally, the company's waterborne clean energy business saw new orders reach RMB 2.109 billion, a significant 45.6% increase compared to the same period last year. As of the end of March, the group's total order backlog stood at RMB 31.433 billion, with the clean energy segment accounting for RMB 27.706 billion of that total, up 15.5% year-on-year. This substantial backlog provides strong visibility for future revenue and growth.

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