央广网北京1月12日消息（记者钱成 沙建伟 江苏台记者周洋）据中央广播电视总台中国之声《新闻 和报纸摘要》报道，新年伊始，江苏多艘新造船舶相继交付试水，新造船出口迎来"开门红"。 顾志清：油轮主尺度是333米，型宽60米，型深30米，目前是镇江区域最大的一条船，建造周期从 2025年5月份开始，到目前出坞，建造周期大概8个月时间。 镇江海事局一级主办何桂龙介绍，去年，镇江海事部门共保障镇江146艘新造船舶下水、出坞、试 航。 何桂龙：（目前）镇江船厂、新韩通船厂等5家船厂手持订单量约251艘，建造计划排至2029年。 在启东，新年第一艘船——中集太平洋海工12500立方米LNG加注船交付开航，2艘40000立方米 LPG液氨运输船即将交付。在南通，三艘新造海工船舶在两天内接连出江试航，涵盖海工服务平台、大 型汽车滚装船等高端船型。 在长江之畔的江苏扬州港，仅1月7日就实现单日出口4艘船舶，创下扬州单日新造船出口量新高， 总价值超12亿元。 中船澄西扬州船舶公司生产运营部副部长常春苗：边检部门把许多通关查验工作做在前头，为我们 企业节省了时间和经济成本，保障了船舶按时交付出境，这让我们在国际市场更有底气。 数据 ...

据公司此前披露，2025年一季度，公司新接订单125.02亿元，包括9200TEU集装箱船、LNG加注船等多 个高端船型建造合同，仅单季度就完成年度计划的71.64%，年化完成度达286.6%。其子公司黄埔文冲 订单储备达到约540亿元，排产计划已延伸至2028年，为未来业绩的释放奠定了基础。 1月9日晚，中船防务（600685）发布2025年度业绩预告，预计全年实现归母净利润9.4亿元至11.2亿元， 同比增加149.61%至196.88%。扣非后的归母净利润预计为8.5亿元至10.2亿元，同比增幅153.27%至 203.93%。 中船防务表示，业绩增长有两大核心驱动力：一方面，报告期内公司船舶产品收入及生产效率稳步提 升，产品毛利实现同比改善；另一方面，联营企业经营业绩显著向好，参股公司分红金额增加，带动公 司确认的投资收益同比大幅增长。 作为国内造船业领军企业和重要军工生产企业，中船防务的业绩表现与行业景气度高度契合。近年来全 球造船行业进入景气周期，需求端持续向好，供给端呈现产能紧张态势。克拉克森研究数据显示，2025 年全球新造船合同总额预计超过1500亿美元，尽管订单量较2024年有所回落，但仍 ...

目前，中船防务核心业务主要涵盖防务装备、船舶海工产品及新兴业务三大板块，其中船舶海工产品为 收入主要来源。数据显示，截至2024年末，公司手持订单合同总价约616亿元，其中造船订单占比 95.3%，充足的订单储备为2025年生产交付提供了坚实保障。2025年以来，中船防务订单承接保持旺盛 势头。 据公司此前披露，2025年一季度，公司新接订单125.02亿元，包括9200TEU集装箱船、LNG加注船等多 个高端船型建造合同，仅单季度就完成年度计划的71.64%，年化完成度达286.6%。其子公司黄埔文冲 订单储备达到约540亿元，排产计划已延伸至2028年，为未来业绩的释放奠定了基础。 中船防务表示，业绩增长有两大核心驱动力：一方面，报告期内公司船舶产品收入及生产效率稳步提 升，产品毛利实现同比改善；另一方面，联营企业经营业绩显著向好，参股公司分红金额增加，带动公 司确认的投资收益同比大幅增长。 作为国内造船业领军企业和重要军工生产企业，中船防务的业绩表现与行业景气度高度契合。近年来全 球造船行业进入景气周期，需求端持续向好，供给端呈现产能紧张态势。克拉克森研究数据显示，2025 年全球新造船合同总额预计超过 ...

作为国内造船业领军企业和重要军工生产企业，中船防务的业绩表现与行业景气度高度契合。近年来全 球造船行业进入景气周期，需求端持续向好，供给端则呈现产能紧张态势。克拉克森研究数据显示， 2025年全球新造船合同总额预计超过1500亿美元，尽管订单量较2024年有所回落，但仍高于10年平均水 平17%，且多数头部中国船厂的船台档期已排至2029年末，部分船厂2030年档期也已被预留。行业"量 价齐升"的发展态势，为公司业务增长提供了良好外部环境。 1月9日晚，中船防务（600685）(600685.SH)发布2025年度业绩预告，预计全年实现归属于母公司所有 者的净利润9.4亿元至11.2亿元，同比增加149.61%至196.88%。扣除非经常性损益后的归母净利润预计 为8.5亿元至10.2亿元，同比增幅153.27%至203.93%，业绩增长态势显著。 中船防务表示，业绩增长的两大核心驱动力：一方面，报告期内公司船舶产品收入及生产效率稳步提 升，产品毛利实现同比改善；另一方面，联营企业经营业绩显著向好，参股公司分红金额增加，带动公 司确认的投资收益同比大幅增长。 2025年以来，中船防务订单承接持续保持旺盛势头。 ...

Core Viewpoint - The company has raised its FY25-27 net profit forecast for shareholders by 1.9%, 1.2%, and 2.1% respectively, and increased the target price from HKD 7.40 to HKD 8.60, reflecting a 10.4% upside potential based on an FY26 P/E ratio of 11.5 times, while also indicating a decrease in capital market risks [1] Group 1: Financial Performance - For the first three quarters of FY25, the net profit for shareholders increased by 12.2% year-on-year [2] - Total revenue and net profit for shareholders grew by 7.7% and 12.9% year-on-year to RMB 19.35 billion and RMB 770 million respectively [2] - Despite declines in the chemical and liquid food sectors, the clean energy sector saw a revenue increase of 19.4% year-on-year to RMB 15.04 billion, with the marine clean energy segment experiencing a significant growth of 64.4% to RMB 4.81 billion [2] Group 2: Order Growth - New orders in Q3 FY25 surged by 104.1% year-on-year to RMB 8.91 billion, with the clean energy sector orders rising by 147.7% to RMB 8.03 billion [3] - Notable contracts include the construction of dual-fuel LPG/ammonia transport vessels and LNG bunkering vessels with various international partners [3] - As of September 30, the total order backlog reached RMB 30.76 billion, a 10.9% increase year-on-year, with the clean energy segment accounting for RMB 27.34 billion, up 23.6% year-on-year [3] Group 3: Project Developments - The Guangdong Zhanjiang green methanol project, with an annual capacity of 50,000 tons, is set to commence production in Q4 FY25 to meet the demand for green fuel in shipping [4] - Despite a delay in the International Maritime Organization's decision on the net-zero emissions framework, the trend towards green fuel usage remains unchanged [4] - Global demand for marine methanol is projected to be between 1 million to 2 million tons this year, surpassing the global production capacity of 720,000 tons [4]

Core Viewpoint - The report from Zhongtai International indicates an upward revision of the company's net profit forecasts for FY25-27 by 1.9%, 1.2%, and 2.1% respectively, and raises the target price from HKD 7.40 to HKD 8.60, reflecting a 10.4% upside potential and a PE ratio of 11.5 times for FY26, while upgrading the rating from "Neutral" to "Buy" [1] Financial Performance - For the first three quarters of FY25, the company's net profit increased by 12.2% year-on-year, with total revenue and net profit reaching RMB 19.35 billion and RMB 770 million respectively, representing year-on-year growth of 7.7% and 12.9% [1] - Despite declines in revenue from the chemical environmental protection and liquid food sectors by 28.2% and 13.9% to RMB 1.57 billion and RMB 2.74 billion respectively, the clean energy sector saw a revenue increase of 19.4% to RMB 15.04 billion, with the offshore clean energy segment growing by 64.4% to RMB 4.81 billion [1] New Orders - In Q3 FY25, the company experienced a significant increase in new orders, with a total amount of RMB 8.91 billion, representing a year-on-year growth of 104.1%, and the clean energy sector alone saw a 147.7% increase to RMB 8.03 billion [2] - Notable contracts include the construction of 2+2 ammonia dual-fuel medium LPG/ammonia transport vessels with Norway's Amon Gas, and 2 LNG bunkering vessels with Singapore's Purus [2] - As of September 30, the total backlog of orders reached RMB 30.76 billion, a year-on-year increase of 10.9%, with the clean energy sector accounting for RMB 27.34 billion, up 23.6% [2] Project Developments - The Guangdong Zhanjiang green methanol project, with an annual capacity of 50,000 tons, is set to commence production in Q4 FY25 to meet the demand for green fuel in shipping [3] - Despite a delay in the International Maritime Organization's decision on the net-zero emissions framework, the trend towards green fuel usage remains unchanged, with global demand for marine methanol projected between 1 million to 2 million tons, exceeding the current global production capacity of 720,000 tons [3]

Core Viewpoint - CIMC Group's third-quarter performance report highlights a significant increase in revenue and net profit, driven by strong cash flow and strategic share buybacks, indicating confidence in long-term growth and a shift towards high-end manufacturing in logistics and energy sectors [1][10][11]. Group 1: Financial Performance - For the first three quarters, CIMC Group achieved a revenue of RMB 117.06 billion and a net profit of RMB 1.566 billion, with operating cash flow increasing by 510.19% year-on-year to RMB 9.827 billion [1]. - The company has initiated share buyback programs totaling up to HKD 500 million for H shares and RMB 300-500 million for A shares, with cumulative buybacks of approximately HKD 190 million and RMB 103 million as of October 30 [1]. Group 2: Marine Engineering Sector - The marine engineering segment has shown significant growth due to improved delivery efficiency and management, with a structural recovery in the drilling market adding certainty to growth [2][3]. - Global offshore oil and gas spending is projected to reach USD 159.4 billion by 2025, with a compound annual growth rate exceeding 21% from 2024 to 2026, driven by high oil prices and the economic viability of deep-sea oil and gas development [2]. - The FPSO market is experiencing a price increase, with large FPSO unit prices rising from under USD 3 billion in 2022 to over USD 4 billion currently, reflecting strong premium capabilities in high-end manufacturing [2]. Group 3: Drilling Market Dynamics - The drilling market is characterized by a supply-side contraction and rigid demand, with a current supply of only 604 marketable drilling platforms, 5% lower than in early 2020 [3][4]. - Despite a 4% year-on-year decline in global drilling rig demand in Q3 2025, regions like West Africa and Southeast Asia are witnessing growth, indicating new opportunities within the market [4]. Group 4: Energy and Chemical Sector - The energy and chemical segment, led by CIMC Anrui, reported a revenue of RMB 19.35 billion, a 7.7% increase year-on-year, with net profit rising by 12.9% [6]. - The clean energy division is a key growth driver, with revenues reaching RMB 15.04 billion, a 19.4% increase, and a significant surge in waterborne clean energy business revenue by 64.4% [6][7]. - CIMC Anrui's first green methanol project is set to launch in Q4 this year, positioning the company to capitalize on the growing demand for green methanol vessels [9]. Group 5: Long-term Growth Potential - CIMC Group is transitioning from a traditional equipment leader to a core participant in high-end logistics and energy equipment, effectively mitigating cyclical fluctuations in the logistics sector [1][10]. - The company's strategic focus on energy-related businesses and high-end manufacturing is expected to drive long-term growth, reducing the volatility of earnings and enhancing resilience [11][12].

Core Insights - The company reported a revenue of 19.348 billion yuan for the first three quarters of 2025, a year-on-year increase of 7.7%, with a net profit of 794 million yuan, up 12.2% [1] - In Q3 2025, the company achieved a revenue of 6.734 billion yuan, reflecting a 3.8% increase year-on-year, and a net profit of 213 million yuan, which is a 4.3% increase [1] Group 1: Clean Energy Business Performance - The clean energy segment saw a revenue growth of 14.6% to approximately 5.412 billion yuan in Q3 2025, driven by the recovery of domestic natural gas consumption and strong growth in offshore clean energy [2] - The clean energy division accounted for 80.4% of the company's total revenue in Q3 2025, up from 72.8% in the same period of 2024 [2] - The profitability of the clean energy segment significantly increased due to contributions from offshore clean energy business, hydrogen production from coke oven gas, and bulk deliveries of high-end low-temperature tanks [2] Group 2: Shipbuilding and Orders - The company delivered 5 vessels in Q3 2025, with revenue from offshore clean energy business soaring by 51.7% to approximately 1.747 billion yuan [3] - The company secured significant new orders despite market fluctuations due to U.S. Section 301 investigations, including contracts for LNG bunkering vessels and ammonia-fueled ships [3] - As of September 30, 2025, the company had new orders worth approximately 8.646 billion yuan for offshore clean energy, a 16.2% increase year-on-year, with a backlog of orders reaching a historical high of approximately 19.953 billion yuan [4]

Core Insights - The company reported a revenue of 19.348 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 7.7% [1] - Net profit reached 794 million yuan, up 12.2% year-on-year, while profit attributable to shareholders was 767 million yuan, reflecting a 12.9% increase [1] - In Q3 2025, the company achieved a revenue of 6.734 billion yuan, a 3.8% increase year-on-year, with net profit rising 4.3% to 213 million yuan and profit attributable to shareholders increasing 6.2% to 204 million yuan [1] Revenue Breakdown - The clean energy segment saw a revenue growth of 14.6% to approximately 5.412 billion yuan in Q3 2025, driven by the recovery in domestic natural gas consumption and strong growth in marine clean energy [2] - The clean energy division accounted for 80.4% of total revenue in Q3 2025, up from 72.8% in the same period of 2024 [2] Shipbuilding and Orders - The company delivered 5 vessels in Q3 2025, with marine clean energy business revenue soaring 51.7% to about 1.747 billion yuan [3] - The company secured significant new orders, including contracts for LNG bunkering vessels and ammonia-fueled ships, despite market fluctuations due to external factors [3] Order Backlog - New orders for marine clean energy reached approximately 8.646 billion yuan in the first nine months of 2025, a year-on-year increase of 16.2% [4] - The backlog of marine clean energy orders stood at about 19.953 billion yuan, up 39.5% year-on-year, marking a historical high [4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CIMC Enric Holdings Limited 中集安瑞科控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3899） 自願公告 2025年第三季度及截至2025年9月30日止九個月 的未經審核核心數據 財務摘要 | | | 截 至9月30日止九個月 | | | 7月1日 至9月30日止三個月 | | | --- | --- | --- | --- | --- | --- | --- | | | 2025年 | 2024年 | 變 動 | 2025年 | 2024年 | 變 動 | | | （未經審核） | （未經審核） | % | （未經審核） | （未經審核） | % | | （人民幣百萬元） 收 益 | 19,348 | 17,969 | 7.7% | 6,734 | 6,489 | 3.8% | | （人民幣百萬元） 淨利潤 | 794 | 708 | 12.2% | 213 ...