Share This

Public company info - CIMC Enric Holdings Ltd. , 03899.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

CIMC Enric Holdings Ltd., 03899.HK - Company Profile
Chairman Gao Xiang
Share Issued (share) 2,012,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Machinery & Equipment
Corporate Profile Business Summary: The Group is principally engaged in the design, development, manufacturing, engineering and sales of, and the provision of technical maintenance services for, a wide spectrum of transportation, storage and processing equipment that is widely used in the clean energy, chemical and environmental, and liquid food industries. Performance for the year: Profit from operations rose from RMB1,098,087,000 in 2018 to RMB1,138,573,000 in 2019. The profit attributable to shareholders of the Company rose from RMB785,502,000 in 2018 to RMB911,007,000 in 2019. Basic and diluted earnings per share increased to RMB0.464 and RMB0.459 respectively (2018: basic and diluted earnings RMB0.403 and RMB0.398 respectively). Business Review Clean Energy Rapid development of natural gas industry in China and dynamic fluctuation of market demand have expedited competitive differentiation and concentration of advantages in the industry. CIMC Enric is China’s only manufacturer of equipment manufacturing and provider of engineering services claiming full coverage of the natural gas value chain and capable of providing onestop system solutions. Having highly recognised by the Group’s customers, the Group is one of those with highest market share in different product line. For instance, the Group is leading in China in terms of production and sales volume of LNG, LPG, CNG, oxygen, nitrogen and argon storage and transportation products. The Group helps guarantee natural gas supply in 2019 winter with the Group’s whole series of storage tank products and engineering services, and the Group has been actively participated into establishment of infrastructure for peak shaving facilities in China by setting up projects in, among others, Yuxi in Henan, Lhasa in Tibet, Jiangning in Nanjing, Jinan, Tangshan, Kunshan, Dunhua, Jizhou in Hebei with over 20,000 m3 of storage capacity in total. To name some, the Gas Reserve and Peak Shaving Storage in Shenzhen, one of the engineering construction projects of the total package, commenced its operation in August 2019. And also, the second phase of Zhoushan LNG Receiving Terminals under construction, of which the roof of two LNG storage tanks with capacity of 160,000 m3 have lifted and installed at the end of 2019. LNG tank container, as a new mode of transportation and storage equipment of natural gas capable of intermodal transportation (i.e. marine, road and rail), is one of the Group’s signature products strongly promoted in 2019. A set of rail test standards for transportation of LNG tank container in China was issued in April 2019. In June 2019, the NDRC and the National Energy Administration expressly announced for the first time that LNG tank container can be used for gas storage and peak-shaving purposes. In July 2019, the Ministry of Transport of the PRC drafted a consultation paper of “Safe Transportation Requirements for Whole Ship Carrying Mobile LNG Tank Containers”, which is the first official document in relation to safety of marine transportation and yard stocking for LNG tank container. CIMC Enric has been heavily engaged in every peak-shaving projects and rail testing projects on LNG tank containers in China so far. Internationally, the Group also has recorded a good sales in North America, the Middle East and Southeast Asia. For marine shipping of multiple liquified gases, the Group is a world leader in the small-to-medium sized liquefied gas carriers with the largest global market share, offering product chains from LPG, LEG to LNG as well as from fully-pressing carrier, semi-cooling and semipressing carrier to fully-cooling carrier. In 2019, the Group has successfully delivered two 22,000 m3 LEG carriers, a 38,000 m3 LEG carrier. A 20,000 m3 LNG transportation and bunker vessel, the world’s largest so far, and a 7,500 m3 one are under construction since the beginning of 2020. In addition, the Group has been eagerly promoting natural gas application in traffic sectors and equipment for motor vehicles and vessels. Since 1 July 2019, heavyduty diesel vehicles shall follow the “China VI” vehicle emission standards in stages, and light-duty vehicles are obliged to follow the same commencing from 1 July 2020 in two phases. Taking the advantages of sufficient supply and steady retail price of LNG, LNG heavy-duty truck has been strongly boosted, resulting in a significant growth in sales of the Group’s on-vehicle cylinders. For offshore LNG applications, the Group is capable of offering, among others, oil-to-gas conversion solution for vessel, LNG fuel tank, LNG bunkering vessel, LNG bunkering system for inland river ships and exhaust gas scrubber. At present, the Group has commenced cooperation with a number of customers who provide freight services in Yangtze River Delta and Pearl River Delta for vessel oilto-gas conversion. In 2019, the Group has achieved remarkable performance and breakthroughs in other clean energy markets, such as storage, transportation and bunkering equipment of hydrogen energy, storage and transportation equipment of nuclear fuel, storage, transportation and bunkering equipment of LPG. Chemical and Environmental Looking back on 2019, the anti globalisation events, such as Brexit and Sino-US trade frictions, put pressure on macro-economic growth, eroding demand for tank containers as compared with the previous year, in particular the shrinkage of overall demand in the second half of 2019. Despite pressure on the industry, the segment has maintained its leading position in the global market in such fiercely competitive and challenging environment. In addition to design, manufacturing and sales of tank containers, the segment has tirelessly developed aftersales services for tank containers for the sake of offering full-life-cycle services. During the year, the segment established a company providing tank container services with an operation of a yard in Jiaxing, China. The segment has also acquired Lindenau Full Tank Services GmbH, a German company, which has two yards in operation in Germany. The newly acquired yards will shape a service network of an “interactive model across China and Europe” together with the yards of Burg Service B.V., a Dutch company owned by the segment, further consolidating the global network of the segment. Meanwhile, the segment has eagerly promoted the application of Internet of Things technology to tank containers by launching one-stop platform, “Tankmiles”, exclusively designed for whole life cycle of tank containers, spanning monitoring, operational management and after-sale services. Major customers of the platform were international well-renowned container leasing companies and operators, such as EXSIF, Eurotainer, Suttons, Newport, Trifleet, Sinobulk and Hoyer. The platform has served over 800 customers in 2019 with over 25,000 visits by the customers. The whole life cycle services of tank containers provide the Group’s customers a comprehensive solution for operation and management of tank containers, contributing to substantial increase in satisfaction and loyalty of the Group’s customers while generating a growth in the Group’s revenue. As to the newly-entered environmental business, the segment, in 2019, completed construction of the first integrated utilisation project of hazardous waste, which focused on R&D of integrated utilisation of mine tailings and solid waste resources from stone processing industry, offering new type of eco-friendly and functional construction materials to the industries of, among others, prefabricated building, rail transport as well as engineering and decoration. The segment also completed construction of the first integrated utilisation project of general industrial solid waste, laying a foundation of the project for commencement of production. Liquid Food With manufacturing footholds in both China and Europe, the segment continued its intention to further expand the production capacity in China, in order to facilitate the growth plans for Southeast Asia and other global markets. The segment will continue to transfer advanced manufacturing technologies and know-how from Europe to its Chinese operations, while continuing to explore business opportunities and revenue sources in emerging markets such as Latin America and Africa. In 2019, the segment’s core competence was further demonstrated in projects in Latin America, regarding large scale industrial brewery and brew house installations as well in other industries and commissioning, including the updating process of the automation systems. While developing craft beer business in Asia, the segment has developed new businesses diverse markets such as rice wine and pharmaceuticals. The market for craft beer is considered an interesting growth opportunity for the segment. The global craft beer wave continued still in 2019 and after successful integration of DME, the liquid food segment is covering the entire value chain from the small microbrewery segment to large international/multinational breweries. Prospects: In 2019, global energy prices experienced considerable volatility under the impact of Sino-U.S. trade talks, rising geopolitical tensions, Brexit, among others. The International Monetary Fund (IMF) has expected to benefit from the monetary easing policy adopted by major economies, global economy will begin to recover in 2020. Amidst complicated international developments, the Chinese economy is expected to sustain a positive trend of general stability underpinned by moderate growth. Most Chinese enterprises were forced to delay the postholiday resumption of their operations in early 2020 due to the COVID-19 outbreak. To counter the epidemic, the Company has also postponed its resumption of operations in active response to the government’s instructions to ensure staff safety. As the epidemic comes under control in China, production and daily lives across the country are gradually returning to normal. The Group is confident that household consumption will gradually recover, China’s subsequent economic growth has sufficient certainty. While 2020 will be a year full of challenges, the Group believes that there are still room for more growth of the Company in the clean energy, chemical and environmental, and liquid food industries. The Group will remain focused on its principal businesses, while at the same time seizing new opportunities for development in a prudent manner and increasing its effort in overseas market expansion. Through product upgrades and business model upgrades, the Group intends to seize every opportunity in the market to deliver excellent results. Clean Energy According to BP Energy Outlook, natural gas remains the fastest-growing energy among all energy sources. The growth in global natural gas consumption slowed down affected by the slowdown growth of global economy in 2019. Market supply should be abundant given the ongoing increase in global production. In particular, LNG trade sustained rapid growth, leading to further globalisation of LNG market. In 2019, natural gas consumption in China continued to grow at a stable pace, year-on-year growth was 9.4%. The demand from city gas users and industrial gas users was the primary driving force behind the natural gas consumption growth in China. Despite dampened growth in the demand for natural gas in China in 2019 owing to factors such as the slowdown in domestic economic growth, the adoption of a more rational approach for the “coal-to-gas conversion” policy and the promotion of clean coal in northern regions, among others, the drive for the eco-friendly transformation of China’s energy sector remained robust. As a highquality, clean and efficient form of low-carbon energy, natural gas represents the most important and realistic alternative that complements other forms of renewable energy. In order to facilitate the substitution of major energy forms and expedite the development of a modern, low-carbon energy regime which is clean, safe and efficient, it is imperative that China increases the scale of natural gas utilisation and the weighting of clean energy. In accordance with the “13th Five-Year Plans for the Development of Energy”, China is striving to increase the weighting of natural gas to account for 10% in one-off energy consumption by 2020, which benchmark percentage will be further raised in the upcoming “14th Five-Year Plan”. The clean energy segment will continue to pursue strategies such as the optimisation of operation, capacity integration and business synergy, as it continues to reinforce and expand its general capabilities in key equipment manufacturing, engineering service and the provision of total solution for natural gas transportation, storage and terminal application, in a bid to develop endto-end business presence along the natural gas industry chain. At the same time, the segment will be engaged in developing solutions for natural gas storage and transportation, LNG traffic fuel applications, city peakshaving facilities and LNG intermodal transportation, and offshore LNG application while actively exploring opportunities to diversify to other segments in the clean energy business chain, in order to secure sustainable and stable development. Chemical and Environmental As a more advanced spin-off of the traditional container, the tank container is primarily used for the transportation and storage of specialised goods, such as hazardous chemicals. It has strong leak-proof qualities and can be reused for multiple times in a relatively long life cycle for intermodal transportation (i.e. marine, road and rail transportation). The tank container has the merits of being safe, cost-effective, eco-friendly and efficient. As a green logistics equipment with greater intelligent features, the Group believes tank container would be further promoted in global chemical logistics industry. In the long run, the tank container market will remain vibrant. The Group is the only company in the world with capabilities in the design, manufacture and sales of a full range of tank containers, including standard liquid tank containers, various types of special liquid tank containers, gas tank containers, powder tank containers and cryogenic tank containers. According to International Tank Container Organisation (ITCO), “CIMC Tank” has been the bestselling tank container in the global market for 16 years consecutively. The chemical and environmental segment will remain committed to the provision of chemical logistics solution and one-stop service for customers, as it seeks to further cement its leading position in the global market. Meanwhile, the Group will enhance the Group’s ability to provide customers with after-sales service for tank containers, by building up a revolutional Internet of Things technology based tank container network to help customers strengthen digitalisation and improve efficiency. With the support of national policies, the segment addresses China’s growing demand for solid waste and hazardous waste treatment, develops capabilities for key equipment manufacturing and building up systems integration abilities for environmental protection purpose. The segment is actively exploring business opportunities in environment protection sector and the future development is expected. Liquid Food Processing equipment for liquid food together with the stainless-steel tank business are considered key competences of the liquid food segment. The group is well recognised in various markets like juice, beer, distilling and dairy for their product portfolio and quality. Through the brands “Ziemann Holvrieka”, “Briggs” and “DME”, the Group possesses competitive strengths which are derived from its world-leading capabilities in design, manufacture and project engineering for the liquid food industry. With the integration of Briggs into the Group, the Group secured a stronger position in the distilling market and the Group’s ambition is to further develop the EPC project offerings by focusing on the requirements of the customers and the Group’s competences for process equipment and turnkey projects in the liquid food industry. After successes in North and South Americas, core focus for Briggs will be on entering the Asian market. On 5 March 2019, the segment completed the purchase of selected assets of DME Group. Based in Charlottetown (Canada), DME is a leading designer and manufacturer of equipment for the craft brewing sector in North America. This purchase will contribute to the segment’s position in the North American market and in the worldwide craft brewing sector. Future growth of the segment will come via development of the current business in existing markets, the introduction of new products and services, and via further diversification by using existing equipment and services into new markets. To the Group’s customers, the segment would continue to supply the most reliable, economical and innovative solutions and products, in order to enable them an efficient, cost effective, sustainable production with the highest quality and safety standards.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.