CIMC Enric’s orders up 41.9% in Q1

In the first quarter, CIMC Enric signed new orders amounted to RMB7.48 billion, an increase of 35.7% year-on-year.

Revenue of the clean energy business grew significantly by 21.2% mainly benefiting from the growth in domestic natural gas consumption, stabilised LNG prices, strong demand from the shipping industry and favourable policies on hydrogen energy. 

Revenue of CIMC Enric’s natural gas storage and transportation equipment and engineering recorded a steady growth. Demand for LNG onboard cylinders and other end- use equipment continued to grow due to the further highlight of the economic benefits of LNG. Additionally, revenue from the hydrogen business grew by 74.2% due the rapid development of the hydrogen industry. 

The shipbuilding business also witnessed an increase in both volume and price, said CIMC Enric.