Zhi Tong Cai Jing·2025-08-28 09:36Core 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, meeting expectations [1] Group 1: Financial Performance - The company's profit for the first half of the year was 560 million RMB, reflecting a 15.6% increase compared to the previous year [1] - The overall order backlog remained flat year-on-year [1] Group 2: Order Trends - 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 customers [1] - The chemical and liquid food sectors also saw a year-on-year decline in new orders and backlog in the second quarter [1] Group 3: Forecast and Recommendations - The firm has revised down its core profit forecasts for the company by 5.8% and 5% for this year and next year, respectively [1] - The expectation is that the full-year core profit will remain flat year-on-year [1] - The target price for the company has been raised to 8.4 HKD, with a rating of "Buy" [1]