HK Stock Movement | CIMC ENRIC (03899) Rises Over 3% as Citi Believes Its Commercial Aerospace Business is Rapidly Expanding

Stock News
01/06

CIMC ENRIC (03899) rose over 3%. As of writing, the stock was up 3.12% to HK$9.93, with a turnover of HK$39.5908 million. On the news front, the National Aeronautics Administration issued the "National Aeronautics Administration Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)", which outlines 22 key measures across five areas to advance the high-quality development and high-level safety of commercial aerospace. Specifically, the plan encourages commercial aerospace entities to participate in corresponding segments of the aerospace industry chain, supports them in developing new technologies and products, explores new application scenarios, and improves the investment and financing mechanisms for commercial aerospace development, including the establishment of a national commercial aerospace development fund. Citi released a research report stating that CIMC ENRIC's stock price increase over the past month has outperformed the Hang Seng Index, which it believes is primarily due to the rapid expansion of its commercial aerospace business. The bank also anticipates a recovery in CIMC ENRIC's clean energy and chemical businesses in the current low-interest-rate environment. Citi mentioned that, according to statements from CIMC ENRIC's management, the company's relevant business revenue for this year has already exceeded RMB 100 million, with 50% of that coming from overseas markets. Although the revenue from this business segment is currently limited, it has the potential to become a high-growth area for CIMC ENRIC, particularly following the recent release of the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)" by the National Aeronautics Administration.

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