a 中集安瑞科控股有限公司 CIMC Enric Holdings Limited (Stock code: 3899.HK) 中期業績發佈會 2025Interim Results Presentation English 2025.8.27 Contents 7,876 9,626 1,297 2,307 1,111 1,877 11,480 12,614 1H2024 1H2025 Unit: RMB million Clean Energy +22.2% Clean Energy Chemical & Environmental Liquid Food China 56.1% Overseas 43.9% Revenue Breakdown by Segment Revenue Breakdown by Location 14.9% 76.3% 8.8% *All financial data currency is in RMB 3 Net Profit and Annualised ROE Growth YoY 504 486 581 562 Combined Net Profit Profit ...

Group 1 - The latest stock price of Houpu Co., Ltd. is 11.53 yuan, with a slight increase of 0.02 yuan from the previous trading day [1] - The company specializes in clean energy equipment manufacturing, including products such as natural gas refueling equipment and hydrogen energy equipment [1] - Houpu Co., Ltd. has been listed as a specialized and innovative enterprise, with business operations in hydrogen energy and natural gas sectors [1] Group 2 - A temporary shareholders' meeting is scheduled for August 14, 2025, to review the extension of the validity period for the directed issuance resolution [1] - The company indicated that solid-state hydrogen storage technology could be applied in power generation and has technical feasibility for data center applications, although specific implementation requires further research [1] Group 3 - On August 8, 2025, the main funds experienced a net outflow of 12.47 million yuan, with a cumulative net outflow of 12.14 million yuan over the past five trading days [2]

Group 1 - The third China International Supply Chain Promotion Expo (Chain Expo) is being held in Beijing from July 16 to 20, attracting 651 enterprises and institutions from 75 countries and regions, with foreign exhibitors accounting for 35% [1] - Chengdu Zongheng Automation Technology Co., Ltd. has sold drones to over 40 countries, highlighting the growing maturity of drone applications in Africa for tasks such as oil pipeline and power grid inspections [1] - Sichuan province has a comprehensive industrial layout with significant technological advantages in six pillar industries: electronic information, equipment manufacturing, food and light textiles, energy and chemicals, advanced materials, and pharmaceutical health [1] Group 2 - China Dongfang Electric Group, a leader in clean energy equipment manufacturing, showcased several major products at the Chain Expo, including a 50 MW heavy gas turbine and the world's largest offshore wind turbine [2] - Chengdu Yikong Zhilian Automotive Electronics Co., Ltd. displayed innovations in smart, connected, and unmanned vehicles, attracting interest from foreign automotive manufacturers [2] - The Chain Expo serves as a platform for small and medium-sized enterprises to engage with industry giants, exemplified by Sichuan Shanghao Tea Co., Ltd. successfully connecting with Yum! Brands for potential product inclusion [2] Group 3 - The Chain Expo has facilitated investment agreements in various sectors, with Sichuan securing over 2.5 billion RMB in contracts, including international cooperation projects [3] - The Dalian Logistics Group signed a $10 million agreement for a commodity import-export supply chain center project in Chengdu, aiming to enhance trade and logistics services [3] - The initiative is expected to strengthen Sichuan's southward openness and provide comprehensive services for ASEAN enterprises entering the Chinese market [3]

Group 1 - The core theme of the event is the comprehensive transition towards green and low-carbon practices across the entire supply chain, moving from industrial production to lifestyle changes [1] - Jiangsu Laineng Technology Co., Ltd. is set to launch a solar-powered electric vehicle in September, which can achieve a daily range of 20 kilometers on sunlight, catering to consumer demand for green transportation [3] - The vehicle is envisioned as a platform for carbon trading and a mobile zero-carbon power station, utilizing entirely renewable green electricity [3] Group 2 - Dongfang Electric Corporation showcased advanced clean energy products, including a million-kilowatt hydropower unit used in the Baihetan Hydropower Station, reinforcing its position as a leader in clean energy equipment manufacturing in China [5] - China is recognized as the largest clean energy market and equipment manufacturing country globally, with a focus on green supply chain transformation that relies on both domestic efforts and international cooperation [5] - Dongfang Electric has facilitated the international expansion of 17,000 upstream and downstream enterprises and collaborates with nearly 1,000 high-quality overseas suppliers to promote global clean energy development [5]

Core Insights - The third Chain Expo commenced on July 16, with an increasing number of exhibiting companies participating in groups [1] - The digital technology chain saw group exhibitions from Zhejiang, Hubei, and Sichuan Mianyang, showcasing various innovative industries [2] Group 1: Digital Technology Chain - Zhejiang organized a special area focusing on digital intelligence, linking 13 local enterprises to create a concentrated display effect [3] - Hubei's unique humanoid robot exhibition featured 22 local companies showcasing over 80 exhibits, including the "Laborer" humanoid robot, which is the tallest and heaviest known humanoid robot [10][11] - The humanoid robot sector was a highlight, with companies from Zhejiang, Hubei, and Sichuan competing and collaborating [5] Group 2: Intelligent Automotive and Advanced Manufacturing - Jiangsu Wuxi presented a hydrogen-electric coupling solution, while Taicang and Shaanxi showcased intelligent automotive manufacturing [4] - The advanced manufacturing chain featured a display from Taicang, known as the "German enterprise hometown," highlighting precision components and global leading smart equipment [16][17] Group 3: Clean Energy Chain - Nine companies from Wuxi demonstrated a hydrogen-electric coupling solution, which allows for the conversion and efficient collaboration of hydrogen and electricity [15] - The clean energy sector is positioned to potentially make hydrogen a mainstream energy carrier in the future [16]

Group 1 - The company announced the resignation of its internal audit head, Mr. Gao Chushui, due to work adjustments, while he will continue to serve in the company [1] - The board appointed Mr. Wang Yejiang as the new internal audit head, effective from the date of the board's approval until the end of the sixth board term [1] - Mr. Wang Yejiang holds 513,000 shares through the company's 2023 employee stock ownership plan, corresponding to 60,000 shares, which are currently not unlocked [2] Group 2 - Mr. Wang Yejiang has no connections with shareholders holding more than 5% of the company, actual controllers, or other directors, supervisors, and senior management [2] - He has not been penalized by the China Securities Regulatory Commission or other relevant authorities, nor has he faced any disciplinary actions from stock exchanges [2] - His qualifications for the position comply with relevant laws, regulations, and the company's articles of association [2]

Group 1 - The Hong Kong Transport and Logistics Bureau signed a memorandum of cooperation with CIMC Enric to develop a green marine fuel ecosystem in Hong Kong [1] - The cooperation aims to stabilize the supply of green marine fuel, establish a trading market, and promote related business development [1] - By 2030, Hong Kong aims to provide over 200,000 tons of green marine fuel annually and achieve more than 60 refueling services for vessels using LNG and green methanol [1] Group 2 - CIMC Enric is a leading provider of clean energy equipment and solutions, with a strong presence in the clean energy and maritime sectors [2] - The company has established the first green methanol plant in the Guangdong-Hong Kong-Macao Greater Bay Area, expected to start production in Q4 2023 with an initial capacity of 50,000 tons [2] - The total capacity of the green methanol plant is projected to reach 250,000 tons by 2027 [2]

Core Viewpoint - Qinghai Province is positioned as a crucial ecological zone in China, emphasizing its role in ecological protection and high-quality development, particularly as the "water tower" of China [1][4]. Group 1: Ecological Protection and National Parks - Qinghai has established itself as the first pilot province for the national park system in China, focusing on ecological civilization and natural protection [2][3]. - The Three Rivers Source National Park integrates various types of natural reserves, covering an area of 272,200 square kilometers, which is 39.08% of the province's total land area [3]. - The park has seen significant improvements in water resources, biodiversity, and vegetation coverage, with the population of Tibetan antelope increasing from under 20,000 to over 70,000 [4]. Group 2: Economic Development and Green Transformation - Qinghai is pursuing a strategy to build a world-class salt lake industry, a national clean energy base, an international eco-tourism destination, and a source of green organic agricultural products [6][8]. - The Chaka Salt Lake, covering 5,856 square kilometers, is a key site for potassium fertilizer production, with a total salt resource reserve of 60 billion tons [6]. - The province has seen a 14.74% increase in tourist numbers at the Chaka Salt Lake scenic area, reaching 2.7 million visitors in 2024 [8]. Group 3: Water Resource Management - Qinghai has implemented a robust ecological protection system, focusing on water quality management and soil erosion control, with significant investments in environmental projects [9][10]. - The province's air quality has consistently remained at a good level, with over 96% of days classified as having good air quality [10]. - The introduction of the "Qinghai Provincial National Ecological Civilization High Ground Construction Regulations" aims to enhance ecological governance and provide replicable experiences for national ecological development [11].

Core Viewpoint - The announcement details the achievement of unlocking conditions for the second phase of the employee stock ownership plan of Xizi Clean Energy Equipment Manufacturing Co., Ltd., with 191 out of 213 holders meeting the criteria for unlocking their shares [1][4]. Group 1: Employee Stock Ownership Plan Overview - The second lock-up period of the employee stock ownership plan will end on June 1, 2025, with the unlocking conditions based on company performance and individual assessments [1][4]. - The plan was approved through a series of meetings, including the board meeting on April 27, 2023, and the shareholder meeting on May 15, 2023 [2][3]. Group 2: Performance Metrics - The company achieved a net profit of 439,787,631.55 yuan for 2024, representing a 125.39% increase compared to 2022, thus meeting the performance targets for the second unlocking phase [4][5]. - The unlocking ratio for the company-level performance was set at 100%, while individual performance assessments allowed 191 holders to unlock their shares fully [4][5]. Group 3: Future Arrangements and Trading Restrictions - Following the completion of the second lock-up period, the management committee will handle the subsequent unlocking and distribution of shares, adhering to market regulations [4][5]. - The employee stock ownership plan will comply with trading restrictions, prohibiting stock transactions during specific periods, such as before the announcement of semi-annual reports [4][5].

Core Viewpoint - The lawsuit involving Houpu Co., Ltd. stems from a contract dispute related to a project initiated in 2012, with the company being ordered to pay 56.7 million yuan in damages, which it plans to appeal against [1][2][4]. Group 1: Lawsuit Details - Houpu Engineering, a subsidiary of Houpu Co., Ltd., is being sued by Ling Shi Tong Yi for contract disputes regarding a liquefied natural gas facility [2][4]. - The court ruled that Houpu Engineering must pay 56.7 million yuan plus interest and restore the land to its original state within specified timeframes [2][4]. - The lawsuit is based on claims that the project did not meet safety distance requirements, preventing it from obtaining necessary administrative approvals [1][4]. Group 2: Company Response and Future Actions - Houpu Co., Ltd. intends to appeal the first-instance judgment and has been in communication with its legal representatives regarding the next steps [2][3]. - The company plans to seek compensation from the original shareholders of Houpu Engineering based on the acquisition agreement, which stipulates that liabilities arising from projects before the transfer of control are the responsibility of the original shareholders [4][5]. - The company has indicated that the lawsuit will not significantly impact its ongoing operations, although it may affect future financial performance [2][6]. Group 3: Financial Implications - The company reported a net loss of 82.39 million yuan in the previous year, highlighting financial challenges amid ongoing legal disputes [6]. - The financial impact of the lawsuit on the company's financial statements will depend on the outcome of the appeal and subsequent legal proceedings [3][6].