中集安瑞科(03899) - 2025 - 中期财报

About Us Vision and Mission CIMC Enric aims to be a leading technology enterprise in clean energy, chemical environment, and liquid food sectors, driving energy clean-up and environmental sustainability through innovation, while creating value for stakeholders - Vision: To become an industry-leading technology enterprise in the clean energy, chemical environment, and liquid food sectors[2] - Mission: To make energy cleaner, the environment sustainable, and life better through technological advancement and product innovation, providing high-quality equipment and professional value-added services to customers, good returns to employees and shareholders, and sustainable value to society[3] Company Overview CIMC Enric Holdings Limited, established in 2004 and listed on HKEX in 2005 as a CIMC Group member, specializes in clean energy, chemical environment, and liquid food industries, offering key equipment, engineering services, and system solutions globally, with leading market shares in various products and a comprehensive hydrogen energy layout - The company was established in 2004, listed on the Hong Kong Stock Exchange in 2005, and is a member of CIMC Group[7] - Its main business covers clean energy, chemical environment, and liquid food industries, providing transportation, storage, and processing key equipment, engineering services, and system solutions[7] - ISO liquid tank container sales and production, and high-pressure transport vehicle sales and production rank among the world's top; cryogenic transport vehicles and cryogenic storage tanks hold a leading market share in China; large LNG receiving station storage tanks, LNG refueling station modular products, and CNG refueling stations all rank among the top three in the domestic market[7] - The company has over 20 member enterprises domestically and internationally, with production bases and R&D centers in China, the Netherlands, Germany, Belgium, the UK, and Canada, and a global marketing network[7] Financial Highlights Key Financial Data As of June 30, 2025, total assets increased by 4.2% to RMB 30.615 billion, net assets increased by 1.2% to RMB 13.265 billion, cash and cash equivalents grew by 7.1%, and the gearing ratio decreased by 0.5 percentage points to 22.3% Financial Data (As of June 30, 2025 vs December 31, 2024) | Financial Data | June 30, 2025 (RMB Thousand) | December 31, 2024 (RMB Thousand) | +/- | | :--- | :--- | :--- | :--- | | Total Assets | 30,615,053 | 29,381,665 | +4.2% | | Net Assets | 13,264,950 | 13,105,038 | +1.2% | | Net Current Assets | 8,887,610 | 9,179,125 | -3.2% | | Cash and Cash Equivalents | 7,780,309 | 7,264,358 | +7.1% | | Interest-bearing Liabilities | 2,955,520 | 2,985,861 | -1.0% | | Gearing Ratio | 22.3% | 22.8% | -0.5 percentage points | Operating Results and Per Share Data For the six months ended June 30, 2025, revenue increased by 9.9% to RMB 12.614 billion, profit attributable to equity holders rose by 15.6% to RMB 562.13 million, basic earnings per share grew by 15.4% to RMB 0.278, and gross profit margin improved by 0.2 percentage points to 14.5% Operating Results (For the six months ended June 30) | Operating Results | 2025 (RMB Thousand) | 2024 (RMB Thousand) | +/- | | :--- | :--- | :--- | :--- | | Revenue | 12,614,294 | 11,479,938 | +9.9% | | Gross Profit | 1,822,771 | 1,635,940 | +11.4% | | EBITDA | 991,278 | 914,074 | +8.4% | | Operating Profit | 745,534 | 702,106 | +6.2% | | Profit Attributable to Equity Holders | 562,132 | 486,141 | +15.6% | | Per Share Data | | | | | Earnings Per Share – Basic (RMB) | 0.278 | 0.241 | +15.4% | | Earnings Per Share – Diluted (RMB) | 0.274 | 0.222 | +23.4% | | Net Asset Value Per Share (RMB) | 6.540 | 6.138 | +6.5% | | Key Indicators | | | | | Gross Profit Margin | 14.5% | 14.3% | +0.2 percentage points | | EBITDA Margin | 7.9% | 8.0% | –0.1 percentage points | | Operating Profit Margin | 5.9% | 6.1% | –0.2 percentage points | | Net Profit Margin | 4.5% | 4.2% | +0.3 percentage points | | Return on Equity | 4.9% | 4.4% | +0.5 percentage points | | Profit to Interest – Times | 19.0 | 15.0 | 4.0 | Independent Review Report Introduction and Scope of Review KPMG has reviewed CIMC Enric Holdings Limited's interim financial report for the six months ended June 30, 2025, with a scope less than an audit, thus no audit opinion is expressed - The scope of review is significantly less than an audit, so it does not guarantee awareness of all material matters, and therefore no audit opinion is expressed[14] - The interim financial report has been prepared in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants[12] Conclusion Based on the review, no matters were found to suggest that the interim financial report as of June 30, 2025, was not prepared in all material respects in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" - Review conclusion: No matters were found that would lead the reviewer to believe that the interim financial report was not prepared in all material respects in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting"[15] Consolidated Financial Statements Consolidated Statement of Profit or Loss For the six months ended June 30, 2025, the company's revenue increased by 9.9% to RMB 12.614 billion, gross profit rose by 11.4% to RMB 1.823 billion, profit attributable to equity holders increased by 15.6% to RMB 562.13 million, and basic earnings per share was RMB 0.278 Consolidated Statement of Profit or Loss Key Data (For the six months ended June 30) | Indicator | 2025 (RMB Thousand) | 2024 (RMB Thousand) | | :--- | :--- | :--- | | Revenue | 12,614,294 | 11,479,938 | | Cost of Sales | (10,791,523) | (9,843,998) | | Gross Profit | 1,822,771 | 1,635,940 | | Operating Profit | 745,534 | 702,106 | | Profit Before Tax | 715,532 | 650,685 | | Profit for the Period | 581,042 | 503,829 | | Profit Attributable to Equity Holders of the Company | 562,132 | 486,141 | | Earnings Per Share – Basic | RMB 0.278 | RMB 0.241 | | Earnings Per Share – Diluted | RMB 0.274 | RMB 0.222 | [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=7&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F