Ge Long Hui·2025-08-29 02:20Core Viewpoint - The report from CMB International indicates that CIMC Enric's profit for the first half of the year increased by 15.6% year-on-year to 560 million yuan, which is in line with expectations [1] Financial Performance - CIMC Enric's order backlog remained flat year-on-year [1] - The company's clean energy new orders in the second quarter decreased 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] Earnings Forecast - CMB International has revised down the company's core earnings forecasts for this year and next year by 5.8% and 5% respectively [1] - The expectation is that the company's core earnings will remain flat year-on-year for the entire 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]