According to the FTSE Hong Kong Indices Semi-Annual Review 2014, with effect from 24th March 2014, CIMC ENRIC has been included as one of the constituent shares of FTSE Hong Kong Index and FTSE Hong Kong ex H Share Index.
Last year, CIMC ENRIC was also selected by the Hong Kong Hang Seng Index Company that its stock was included as one of the constituent stocks of the Hang Seng Global Composite Index, the Hang Seng Composite Index, the Hang Seng Composite Industry Indexes – Energy, and the Hang Seng Composite SmallCap Index.
The news follows the recent announcement of the company’s annual results.
CIMC ENRIC is the largest cryogenic tanks and tankers manufacturer in China, with business also in the food and beverage industry, and saw turnover for full year 2013 rise 23.5%, gross profit increase by an impressive 28.3%, and profit from operations also increase just over 27%.
Mr. Zhao Qingsheng, Chairman of CIMC ENRIC, said of those results, “Due to the continuous growth in global demand for equipment for storage, transportation, distribution and vehicle application of natural gas, particularly in China, the energy equipment segment continued its robust growth in 2013.”
“With a gradually recovering global economy, the chemical equipment segment’s turnover recorded a modest growth.”
CIMC Enric 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 energy, chemical and liquid food industries.