CIMC Enric Holdings (3899) AI Stock Analysis

• Market Cap: HK$25.13B
• Dividend Yield: 3.43%
• Average Volume (3M): 2.32M
• Price to Earnings (P/E): 5.4
• Beta (1Y): 0.48
• Revenue Growth: 6.10%
• EPS Growth: 12.66%
• Country: HK
• Employees: 12,000
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.31
• Shares Outstanding: 2,111,896,000
• 10 Day Avg. Volume: 1,671,445
• 30 Day Avg. Volume: 2,316,748
• PEG Ratio: 1.61
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 0.57
• P/FCF Ratio: 10.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.73
• Revenue Forecast (FY): HK$30.15B

• Rating: 73 Outperform
• Price Target: HK$13.00 ▲(17.01% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily supported by strong profitability and a healthy balance sheet, tempered by weak 2024 cash generation. Technicals are constructive due to a strong uptrend, but overbought indicators add near-term risk, while valuation appears fair with a moderate dividend yield.

Positive Factors

Profitability and stable margins

Consistent revenue growth with maintained EBIT/EBITDA margins and double-digit gross profitability demonstrates durable operational efficiency. Stable margins across project deliveries indicate pricing power and execution capability, supporting long-term earnings resilience and reinvestment capacity.

Healthy balance sheet and moderate leverage

Low debt-to-equity and a near-40% equity ratio give the company structural financial flexibility to fund multi-year infrastructure projects. Moderate leverage reduces refinancing risk and permits opportunistic capital deployment into growth areas like hydrogen while supporting steady shareholder returns and covenant headroom.

Integrated equipment plus services business model

A combined equipment, EPC and after-sales services model creates recurring revenue streams and higher lifetime customer value. This integration supports stickiness with industrial and energy clients, smoothing project cyclicality and aligning the firm to structural clean-energy and hydrogen infrastructure growth.

Negative Factors

Operating cash flow collapse in 2024

A lapse to zero operating cash flow in 2024 is a material structural concern: it constrains the firm’s ability to self-fund capex, service growth projects, and sustain dividends without external financing. Persistent weak OCF would raise refinancing and liquidity pressure over the medium term.

Volatile free cash flow generation

Historic FCF volatility reduces predictability of capital allocation and makes multi-year project financing and R&D investment harder to plan. For an order-driven industrial business, uneven cash conversion risks delayed reinvestment and greater reliance on working-capital or external funding in downturns.

Slight rise in total liabilities

An uptick in liabilities, even from a moderate leverage base, increases balance-sheet risk if cash generation weakens. Rising obligations can tighten liquidity buffers, elevate interest and covenant exposure, and limit financial flexibility when scaling capital-intensive clean-energy projects over the next several quarters.

CIMC Enric Holdings Business Overview & Revenue Model

Company Description

CIMC Enric Holdings Limited provides transportation, storage, and processing equipment for the clean energy, chemicals, environmental, and liquid food industries worldwide. Its Clean Energy segment manufactures and operates equipment for the storage, transportation, processing, and distribution of compressed natural gas trailers, seamless pressure cylinders, liquefied natural gas trailers and storage tanks, liquefied petroleum gas tanks and trailers, natural gas refuelling station systems, and natural gas compressors; and offers engineering, procurement, and construction services for the natural gas industry, as well as internet of things intelligent operation and management platform under the Anjiehui brand. It offers its products under the Enric, Sanctum, Hongtu, CIMC Tank, Cryobest, Hashenleng, YPDI, CIMC SOE, and CIMC Hydrogen brands. The company's Chemical and Environmental segment offers tank containers for the storage and transportation of liquefied or gasified chemicals under the CIMC Tank and Tankmiles brands. Its Liquid Food segment engineers, manufactures, and sells stainless steel tanks for storage and processing liquid food, such as beer, fruit juice and milk; and provides EPC services for brewery and other liquid food industries under the Ziemann Holvrieka, Briggs of Burton, McMillan, and DME brands. The company also manufactures compressors and accessories, and pressure vessels; offers business solutions for gas equipment; researches and develops technology for natural gas equipment; cryogenic storage and transportation equipment design, manufacture, and technical services; collects, processes, and sells renewable resources; offers terminal and depot, and nonmetallic scrap processing services; and repairs and maintains pressure vessels. The company was incorporated in 2004 and is headquartered in Shenzhen, the People's Republic of China. CIMC Enric Holdings Limited is a subsidiary of China International Marine Containers (Hong Kong) Limited.

How the Company Makes Money

CIMC Enric Holdings generates revenue primarily through the sale of its specialized equipment and services to various industries, including oil and gas, chemicals, and pharmaceuticals. Key revenue streams include the manufacturing and sale of pressure vessels, storage tanks, and chemical processing equipment. The company also earns income by providing engineering services and integrated solutions tailored to meet customer needs. Significant partnerships with major players in the energy and chemical sectors further enhance its revenue potential, as they often lead to large-scale contracts and projects. Additionally, CIMC Enric benefits from its strong presence in both domestic and international markets, allowing for diversified income sources and reduced reliance on any single market.

CIMC Enric Holdings Financial Statement Overview

Summary

Strong income statement (revenue growth and stable profitability) and a solid balance sheet with moderate leverage support the score, but the cash flow profile is a key detractor given 2024 operating cash flow turned to zero and free cash flow weakened.

Income Statement

CIMC Enric Holdings has demonstrated consistent revenue growth over the years, most recently achieving a 4.8% increase in revenue from 2023 to 2024. The company maintains strong profitability with a gross profit margin of 14.4% and a net profit margin of 4.4% in 2024. EBIT and EBITDA margins have remained stable, indicating operational efficiency. However, there is a slight decline in gross profit margin compared to the previous year.

Balance Sheet

The balance sheet shows a healthy equity position with a debt-to-equity ratio of 0.27 in 2024, suggesting moderate leverage. The company's return on equity is 9.5%, reflecting efficient use of equity to generate profits. With an equity ratio of 39.1%, the company holds a stable asset base. The increase in cash and short-term investments enhances liquidity, though total liabilities have risen slightly.

Cash Flow

Free cash flow has shown volatility, with a notable decline in 2024 as cash flow from operations turned to zero, impacting the ability to cover capital expenditures. Previous years demonstrated better cash generation. The lack of operating cash flow in 2024 raises concerns about cash flow sustainability, though historically, the company has managed to generate positive free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.89B	24.76B	23.63B	19.60B	18.42B	12.29B
Gross Profit	3.74B	3.55B	3.72B	3.40B	2.71B	2.09B
EBITDA	1.73B	1.64B	1.96B	1.53B	1.51B	1.04B
Net Income	1.17B	1.09B	1.11B	1.06B	883.58M	579.92M
Balance Sheet
Total Assets	30.62B	29.38B	27.59B	22.21B	19.02B	16.07B
Cash, Cash Equivalents and Short-Term Investments	8.22B	8.62B	7.03B	5.26B	3.23B	2.65B
Total Debt	3.14B	3.16B	2.78B	2.15B	1.95B	1.13B
Total Liabilities	17.35B	16.28B	15.21B	12.69B	10.52B	8.60B
Stockholders Equity	11.63B	11.50B	11.23B	9.14B	8.24B	7.28B
Cash Flow
Free Cash Flow	903.53M	1.41B	933.14M	2.11B	-251.32M	591.03M
Operating Cash Flow	1.92B	2.49B	1.78B	2.56B	434.65M	960.08M
Investing Cash Flow	-1.26B	-1.90B	-2.08B	-483.95M	-557.61M	-480.84M
Financing Cash Flow	-203.04M	-375.43M	1.98B	-77.08M	753.69M	-406.44M

CIMC Enric Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3899, the sentiment is Positive. The current price of 11.11 is below the 20-day moving average (MA) of 12.29, above the 50-day MA of 11.03, and above the 200-day MA of 8.12, indicating a bullish trend. The MACD of 0.49 indicates Positive momentum. The RSI at 54.25 is Neutral, neither overbought nor oversold. The STOCH value of 34.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3899.

CIMC Enric Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2883	77 Outperform	HK$82.48B	6.51	8.58%	3.59%	2.58%	7.10%
3337	75 Outperform	HK$3.39B	5.50	8.78%	3.59%	10.16%	49.48%
3899	73 Outperform	HK$25.13B	5.44	10.38%	3.43%	6.10%	12.66%
3303	66 Neutral	HK$1.24B	5.79	2.87%	2.83%	-59.96%	-83.53%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
0568	50 Neutral	HK$10.77B	-107.60	-20.65%	―	17.21%	59.09%
1921	43 Neutral	HK$9.12B	-249.02	-1.68%	―	4.66%	-432.65%

CIMC Enric Holdings Corporate Events

CIMC Enric Raises HK$774 Million Through Completion of Share Placement

CIMC Enric Holdings has completed a share placement under its existing general mandate, issuing 79.7 million new shares at HK$9.79 each to at least six independent investors, raising gross proceeds of about HK$780 million and net proceeds of approximately HK$774 million. The new shares represent around 3.77% of the enlarged issued share capital (excluding treasury shares), no placee became a substantial shareholder, and the transaction leaves the company with capacity to issue a further 325.96 million shares under the mandate, strengthening its capital base without materially altering its ownership structure.

The most recent analyst rating on (HK:3899) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on CIMC Enric Holdings stock, see the HK:3899 Stock Forecast page.

CIMC Enric to Raise HK$774 Million via Discounted Share Placement

CIMC Enric Holdings has entered into a placing agreement to issue up to 79.7 million new shares, representing about 3.92% of its existing issued share capital (excluding treasury shares), under its existing general mandate. The shares will be placed to at least six independent investors at HK$9.79 per share, reflecting a discount of around 6–9% to recent market prices, and are expected to raise approximately HK$780 million in gross proceeds and HK$774 million in net proceeds for the company, strengthening its capital base and funding future business needs without requiring additional shareholder approval.

The most recent analyst rating on (HK:3899) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on CIMC Enric Holdings stock, see the HK:3899 Stock Forecast page.

CIMC Enric Announces Strategic Share Repurchase Plan

CIMC Enric Holdings Limited announced its decision to exercise a previously approved mandate to repurchase up to 1.5% of its issued shares, amounting to no more than 30,438,213 shares, with a budget of HKD200,000,000. This strategic move reflects the company’s confidence in its future prospects and aims to bolster shareholder value and market confidence, although the execution of the repurchase will depend on market conditions and board discretion.

The most recent analyst rating on (HK:3899) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on CIMC Enric Holdings stock, see the HK:3899 Stock Forecast page.