FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中集安瑞科控股有限公司 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03899 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 2,028,277,588 | | 0 | | 2,028,277,588 | | 增加 / 減少 (-) | | | 220,000 | | 0 | | | | 本月底結存 | | | 2,028,497,588 | | 0 | | 2,028,497,588 | 呈交日期: 2025年9月3日 I. 法定 ...

Core Viewpoint - The company's 1H25 performance met market expectations, with revenue of 12.614 billion yuan and a net profit of 562 million yuan, reflecting year-on-year increases of 9.86% and 15.6% respectively [1] Group 1: Financial Performance - The overall gross margin improved to 14.5%, up 0.2 percentage points year-on-year, driven by better margins in the clean energy and liquid food segments, offsetting declines in the chemical and environmental segments [1] - The net profit margin reached 4.5%, also up 0.2 percentage points year-on-year [1] - The backlog of orders stood at 29.18 billion yuan, remaining stable year-on-year [1] Group 2: Segment Performance - Clean energy segment showed strong revenue growth of 9.626 billion yuan, up 22.2% year-on-year, supported by increasing demand for LNG low-temperature transport vehicles and storage equipment [1] - The clean energy segment's gross margin was 12.7%, up 0.1 percentage points year-on-year, with a reported profit of 560 million yuan, a significant increase of 29.5% year-on-year [1] - New orders in the clean energy segment totaled 8.97 billion yuan, primarily from waterborne clean energy projects, with a backlog of 25.2 billion yuan, up 10% year-on-year [1] Group 3: Chemical and Liquid Food Segments - The chemical segment's revenue was 1.111 billion yuan, down 14.3% year-on-year, due to uncertainties in U.S. trade policy and geopolitical factors affecting demand [2] - The gross margin for the chemical segment decreased to 12.9%, down 2.8 percentage points year-on-year, attributed to lower capacity utilization [2] - The liquid food segment's revenue was 1.877 billion yuan, down 18.6% year-on-year, but the gross margin improved to 24.2%, up 5.1 percentage points year-on-year, due to the release of margins from completed projects [2] Group 4: Future Outlook - The company is optimistic about the continued delivery of clean energy equipment, maintaining a leading global market share in LNG transport and refueling vessels [2] - The successful delivery of the first coke oven gas to LNG and hydrogen project is expected to contribute positively to the company's performance [2] - Profit forecasts for 2025 and 2026 remain unchanged at 1.318 billion yuan and 1.504 billion yuan respectively, with a target price of 9.00 HKD, indicating a potential upside of 25.7% from the current stock price [2]

交银国际发表研究报告指，中集安瑞科上半年盈利按年升15.6%至5.6亿元，合乎预期。在手订单按年持 平。次季公司清洁能源新签订单按年跌31%，因全球贸易不确定性及客户持观望态度，化工或液态食品 板块次季新签及在手订单仍按年下降。 该行将公司今年及明年核心盈利预测分别下调5.8%及5%，预计全年核心盈利按年持平，将其目标价上 调至8.4港元，评级为"买入"。 ...

中集安瑞科（3899 HK） | 2025 年 8 月 28 日 香港股市 | 工业 | 设备 中集安瑞科（3899 HK） 25H2 新签订单有望回升，业务转型持续 25H1 股东净利润同比上升 15.6% 公司 FY25 中期业绩大致符合预期。上半年股东净利润同比上升 15.6%至 5.6 亿元(人民 币，下同)，主因(一)总收入同比上升 9.9%至 126.1 亿元，其中清洁能源板块收入同比上 涨 22.2%至 96.3 亿元；(二)毛利率轻微同比上升 0.2 个百分点至 14.5%；(三)行政费用及财 务支出分别同比下跌 6.8%及 7.0%至 8.9 亿及 4,500 万元；(四)实质税率由 24H1 的 22.5% 下跌至 25H1 的 19.2%(见图表 1)。 25H1 新签订单金额同比下跌 34.5% 上半年新签订单金额同比下跌 34.5%至 107.4 亿元，其中清洁能源板块同比减少 30.6%至 89.7 亿元，当中水上清洁能源同比下跌 52.8%至 32.4 亿元。公司表示宏观波动等因素导 致 25Q1 新签订单放缓，但是 25Q2 已经环比反弹。公司目标 FY25 全年水上清洁能源新 ...

交银国际发布研报称，中集安瑞科(03899)上半年盈利同比升15.6%至5.6亿元人民币，合乎预期。整体而 言，公司上半年在手订单同比持平。次季公司清洁能源新签订单同比跌31%，因全球贸易不确定性及客 户持观望态度，化工或液态食品板块次季新签及在手订单仍同比下降。该行将公司今年及明年核心盈利 预测分别下调5.8%及5%，料全年核心盈利同比持平，将其目标价上调至8.4港元，评级为"买入"。 ...

智通财经APP获悉，交银国际发布研报称，中集安瑞科(03899)上半年盈利同比升15.6%至5.6亿元人民 币，合乎预期。 整体而言，公司上半年在手订单同比持平。次季公司清洁能源新签订单同比跌31%， 因全球贸易不确定性及客户持观望态度，化工或液态食品板块次季新签及在手订单仍同比下降。该行将 公司今年及明年核心盈利预测分别下调5.8%及5%，料全年核心盈利同比持平，将其目标价上调至8.4港 元，评级为"买入"。 ...

Core Insights - UBS report indicates that CIMC Enric (03899) achieved a net profit growth of 15.6% year-on-year in the first half of the year, driven by the clean energy sector [1] - The company's revenue reached 12.6 billion RMB, reflecting a year-on-year increase of 9.9%, with a net profit of 562 million RMB, up 15.6% year-on-year [1] - The clean energy business continues to be the core growth engine, with revenue growth of 22.2% year-on-year [1] - The report notes that CIMC Enric's new orders signed in the second quarter showed a quarter-on-quarter improvement [1] - The target price has been raised from 9 HKD to 9.19 HKD, corresponding to a forecasted price-to-earnings ratio of 14 times for this year, maintaining a "Buy" rating [1] - Based on the performance in the first half of 2025, the earnings forecasts for 2025-2027 have been adjusted upward by 2-5% [1]

Core Viewpoint - UBS reports that CIMC Enric (03899) achieved a net profit growth of 15.6% year-on-year in the first half of the year, driven by the clean energy sector [1] Financial Performance - Revenue for the first half reached 12.6 billion RMB, representing a year-on-year increase of 9.9% [1] - Net profit amounted to 562 million RMB, reflecting a year-on-year growth of 15.6% [1] - The clean energy business continues to be the core growth engine, with revenue growth of 22.2% year-on-year [1] Market Outlook - The report indicates that CIMC Enric's new orders in the second quarter showed a quarter-on-quarter improvement [1] - UBS raised the target price from 9 HKD to 9.19 HKD, corresponding to a projected price-to-earnings ratio of 14 times for this year [1] - Based on the performance forecast for the first half of 2025, UBS has adjusted the profit forecast for 2025-2027 upwards by 2-5% [1]

中集安瑞科(03899)发布公告，自2025年8月26日起：于玉群先生已辞任非执行董事，及不再担任可持续 发展委员会成员;及王小岩先生已获委任为非执行董事及可持续发展委员会成员。 ...

整体毛利率由2024年同期的14.3%上升至2025年上半年的14.5%。主要是由于清洁能源及液态食品分部 的毛利率有所改善，并抵销化工及环境分部毛利率的跌幅。 中集安瑞科(03899)公布2025年中期业绩，收益约126.14亿元，同比增长9.9%;股权持有人应占溢利约 5.62亿元，同比增长15.6%;每股基本盈利0.278元。 ...