智通财经网·2025-08-28 09:32Core Viewpoint - The report from CMB International indicates that CIMC Enric (03899) achieved a 15.6% year-on-year increase in profit to 560 million RMB in the first half of the year, which aligns with expectations [1] Financial Performance - The company's overall orders on hand remained flat year-on-year in the first half [1] - In the second quarter, new orders for clean energy dropped by 31% year-on-year due to global trade uncertainties and a cautious attitude from clients [1] - The chemical and liquid food sectors also saw a year-on-year decline in new orders and orders on hand in the second quarter [1] Earnings Forecast - CMB International has revised down the core earnings forecast for the company by 5.8% and 5% for this year and next year, respectively [1] - The expectation is that the full-year core earnings will remain flat year-on-year [1] Target Price and Rating - The target price for CIMC Enric has been raised to 8.4 HKD, with a rating of "Buy" [1]