HK Stock Market Move | China Risun GP (01907) rose by more than 6% due to the increase in chemical prices amid the US-Iran conflict. Institutions are optimistic about the company's significant benefits.

CHINA RISUN GP (01907) rose more than 6%, as of the time of publication, it rose by 6.81%, closing at 3.45 Hong Kong dollars, with a turnover of 1.14 billion Hong Kong dollars. On the news front, peace talks between the US and Iran have reached a deadlock, leading to an increase in oil prices and a noticeable rise in chemical prices. Guotou Securities International believes that the company's chemical industry profits are expected to grow significantly. The bank pointed out that since March 26, affected by the international situation, prices of chemical products related to the oil industry chain, including methanol, pure benzene, synthetic ammonia, and caprolactam, have all significantly increased, which will significantly help improve the company's chemical sector performance. In addition, on April 24, Xuyang Group announced the signing of a strategic cooperation agreement with Hangyang Group in Hangzhou. The two sides will focus on the Beijing-Tianjin-Hebei, Xiong, and Yangtze River Delta regions, and work together to promote the high-quality development of China's hydrogen energy industry in areas such as the hydrogen supply system, domestication of high-end equipment, technological innovation, and industrial investment. Xuyang Group has already formed a complete hydrogen energy industry chain covering production, storage, transportation, processing, utilization, and research.