CHINA RISUN GP (01907) operates steadily, attracting continued attention from mainland investors.

As of November 21, 2025, the number of shares held by CHINA RISUN GP (01907) through the Hong Kong Stock Connect has reached 352 million shares, accounting for 7.88% of the total share capital, an increase of 50 million shares compared to the beginning of 2025, which is 88 times the initial listing. Since its listing, the major shareholders, directors, and executives of Risun have a firm belief in the company's medium to long-term development value, continuously repurchasing and increasing their holdings. Directors and executives have accumulated 6.894 million shares, major shareholders have accumulated 65.481 million shares, and the company has repurchased a total of 151.90 million shares. The company continues to communicate with domestic and foreign investment institutions and securities analysts, organize roadshows and reverse roadshow activities, enhance the capital market's understanding and awareness of the company, understand the coal, coke, steel industry chain, and the business development of hydrogen energy and new materials. With stable operating performance and clear strategic planning, the Group has gained high recognition and praise from the capital market. It has become a target for trading in the Shenzhen-Hong Kong Stock Connect and the Shanghai-Hong Kong Stock Connect, and has successively been included in the Hang Seng Index series, the FTSE Russell Index series, and 27 classification index components of the Morgan Stanley MSCI Index series. It has won awards and honors such as the "Excellent Disclosure of Sustainable Development Information Award," "Best ESG Digital Innovation Application Award" at the 2025 Hong Kong International Forum, and the "2025 China Listed Company Excellence Award." It has also been listed on the Fortune China 500 for the seventh consecutive time, ranking 322nd, an improvement of 17 places from last year. CHINA RISUN GP has established nine production parks in Xingtai, Dingzhou, Leting, Cangzhou in Hebei, Yuncheng and Dongming in Shandong, Hohhot in Inner Mongolia, Pingxiang in Jiangxi, and Sulawesi in Indonesia, and has provided operation and management services to 18 coking and chemical companies. Starting from coke, Risun has formed a unique chemical industry chain of carbon materials, aromatics, and alcohols and ammonia, and expanded into the hydrogen new energy business. The industrial chain has further extended, with a total of 17 coke production lines, 56 chemical production lines, and 5 high-purity hydrogen production lines, capable of producing 58 products in 5 categories, with a total operating capacity of 28.64 million tons per year (including 22.60 million tons of coke and 6.04 million tons of chemicals). It has carried out domestic and international trade, forming a sales network and raw material supply channels covering the entire country and radiating globally. In 2024, the operating income of CHINA RISUN GP was 47.543 billion yuan, an increase of 3.2%, marking the sixth consecutive year of growth since its listing; total assets amounted to 59.841 billion yuan, an increase of 11.2%; net assets amounted to 15.877 billion yuan, an increase of 9.7%, both of which have been continuously increasing since the listing for six years. Especially under the background of the industry generally experiencing losses, Risun managed to maintain profitability last year, achieving a net profit of 98 million yuan, demonstrating strong market competitiveness and resilient performance growth. Last year, the company's business covered 26 provinces, 129 cities in China, and 41 countries and regions globally, with the newly established business segment's operational management service capacity reaching 8.86 million tons (+114%), completing 6.51 million tons of business volume (+45.6%), and achieving high-purity hydrogen sales volume of 20.10 million cubic meters (+115%), making Risun particularly valuable and eye-catching under the overall downward pressure. In the first half of 2025, the business volume of Risun Group in coke, chemical new materials reached a new high of 10.88 million tons and 2.85 million tons respectively, an increase of 0.33 million tons and 0.20 million tons compared to the previous period. Furthermore, gross profit, EBITDA, and net profit all achieved growth compared to the previous period, with increases of 3.1%, 2.8%, and 341.67% respectively. With outstanding strategic management and operational capabilities, continuous innovation practices, and leading performance in sustainable development, Risun topped the BMC list, winning the "China Excellence Management Company (BMC)" award for the first time, and becoming a model for transformation and upgrading in the energy and chemical industry. 2025 marks the 30th anniversary of the establishment of Risun. Since the group's listing in Hong Kong in March 2019, nearly seven years of expansion from Hebei to the whole country, from domestic to overseas, establishing a national layout, accelerating global expansion, steadily transitioning from coke, chemical to new energy, new materials strategies, increasing investment in R&D, promoting digital transformation and upgrading, incubating 8 national high-tech enterprises, 6 national-level green factories, 1 provincial-level green factory, 2 municipal-level green factories, 337 patented technologies, and 520 proprietary technologies, achieving a higher level of high-quality sustainable development. Looking ahead, CHINA RISUN GP will continue to uphold the corporate purpose of "creating wealth, perfecting life," and pursue the corporate vision of "the world's leading energy and chemical company - innovation leads the future." It will steadfastly implement the ideas that "the national strategy is the greatest strategy of Risun, and meeting the demands of the times is the direction for Risun to move forward" and "contributing the most to social progress is Risun's ideal." It will not forget its original intention, forge ahead, remain down-to-earth, work hard, and open up a better tomorrow, creating a more brilliant thirty years ahead.