CIMC ENRIC(03899) 智通财经·2025-03-25 13:34Core Insights - The company reported a revenue of RMB 24.756 billion for the year ending December 31, 2024, representing a year-on-year increase of 4.8% [1] - The profit attributable to equity holders decreased by 1.7% to RMB 1.095 billion, with basic earnings per share at RMB 0.542 and a proposed final dividend of HKD 0.3 per share [1] Revenue Breakdown - The clean energy segment saw a revenue increase of 15.3% to RMB 17.183 billion in 2024, up from RMB 14.907 billion in 2023, driven by rising demand for LNG and industrial gases [1] - Hydrogen-related business revenue grew by 21.7% to RMB 0.852 billion [1] - The clean energy segment accounted for 69.4% of total revenue, up from 63.1% in 2023 [1] Order Book Performance - The company achieved a record high in new orders for 2024, totaling RMB 27.49 billion, with a backlog of RMB 28.298 billion at the end of the year [2] - The clean energy segment's new orders reached RMB 21.793 billion, with a backlog of RMB 23.213 billion [2] - Hydrogen business new orders and backlog were RMB 0.085 billion and RMB 0.0251 billion, respectively [2] Profitability Analysis - Overall gross margin decreased from 15.7% in 2023 to 14.4% in 2024 [3] - The clean energy segment's gross margin slightly decreased to 12.6% from 12.8% in 2023 [3] - The chemical environment segment's gross margin fell to 16.4% from 21.0% in 2023, attributed to a balanced supply-demand configuration for standard containers [3] - The liquid food segment's gross margin increased to 21.4% from 20.7% in 2023, benefiting from smooth project progress [3]