On August 25, CIMC Enric Holdings Limited released its interim results announcement for the first half of 2026. During the reporting period, the company achieved total revenue of RMB 12.867 billion, representing a year-on-year increase of 2.0%. Against the backdrop of the global low-carbon shipping transformation, the company secured eight new shipbuilding orders, bringing its order book to 50 vessels, with production capacity fully allocated through 2029, further consolidating its global leadership in the small-to-medium-sized liquefied gas carrier and LNG bunkering vessel markets.
According to the announcement, in the first half of 2026, CIMC Enric Holdings Limited's clean marine energy segment generated revenue of RMB 3.55 billion, up 16.2% year-on-year, remaining the company's largest revenue contributor at 81.0% of total revenue. The segment's gross margin improved by 1.1 percentage points year-on-year, primarily driven by the booming shipbuilding industry, full production schedules, optimized product mix, and enhanced production efficiency, resulting in substantial profit growth in the marine business. New orders for the clean marine energy segment reached RMB 4.535 billion, a significant 40.1% year-on-year increase. As of the end of June, the company's clean marine energy order backlog stood at RMB 19.848 billion, up 17.0% year-on-year, with shipbuilding capacity booked solid through 2029.
Additionally, in the first half of 2026, the company delivered nine vessels, including three liquefied gas carriers, and expects to deliver a total of 21 vessels for the full year of 2026.
With the sustained growth in global demand for LNG-powered vessels, market demand for LNG marine fuel tanks and gas supply systems continues to expand. The company continues to strengthen its leading position in the global small-to-medium-sized liquefied gas carrier and LNG bunkering vessel markets. In the first half of this year, the company secured a total of eight new shipbuilding orders, including three LNG bunkering vessel orders: two 20,000-cubic-meter LNG transport and bunkering vessels signed with GSX Energy, and a 1+1 order for 20,000-cubic-meter LNG bunkering vessels signed with the joint venture of CMA CGM and Greek shipowner Capital Group. In July 2026, the company also won an order from Sinopec for one 12,000-cubic-meter LNG bunkering vessel.
During the same period, new orders for offshore engineering fuel tanks grew by more than 100% year-on-year, with offshore fuel tank orders now largely scheduled through the second half of 2028. As of June 30, the company's order book comprised 50 vessels, including 28 liquefied gas carriers, 10 new-energy container vessels, and 12 other vessel types.
Moreover, CIMC Enric Holdings Limited achieved several significant milestones in technology development and domestic localization. Its subsidiary Youqi Environment delivered the liquid cargo system and LNG dual-fuel gas supply system for a 9,000-cubic-meter ethylene multi-purpose carrier, reducing manufacturing costs by 30% to 40%, breaking foreign technology monopolies and achieving full independent intellectual property rights for domestic substitution. The company also completed the delivery of its first 350-cubic-meter marine liquid ammonia fuel tank, laying a solid foundation for the expansion of liquid ammonia fuel tanks and high-end offshore supporting products.
In the first half of 2026, CIMC Enric Holdings Limited consecutively secured new orders for complete LNG and methanol power packages, leading China's clean retrofit market for inland river and inland waterway vessels, contributing to the green upgrade of major waterways including the Yangtze River mainline, the Xijiang River basin, Poyang Lake, and the Beijing-Hangzhou Grand Canal. The company delivered the first batch of domestically produced swappable-tank LNG-powered vessels, with the innovative LNG mobile tank-swapping gas supply system achieving large-scale deployment, and effective orders for tank-swapping vessels reaching 75 units. This model has been further extended to hazardous chemical transport vessels, with the first domestic hazardous chemical vessel "tank-swapping model" project now underway, planning to commence routine tank-swapping and bunkering port operations from August 2026 at sea-river intermodal ports in Jiangsu's Yangtze River section and Jining Port in Shandong's Grand Canal section.
Furthermore, the commercialization of green methanol projects continues to accelerate. The first phase of the Zhanjiang project in Guangdong, with an annual capacity of 50,000 tons of green methanol, completed its production ramp-up by the end of June, achieving stable operation at 80% load, with product purity of 99.9% and a full lifecycle greenhouse gas emission reduction rate exceeding 85%, obtaining ISCC EU international full-chain certification. The second phase, a 200,000-ton-per-year biomass liquid fuel project, has completed its filing procedures.