HK Stock Market Move | CHINA RISUN GP (01907) rose nearly 4% in the afternoon as the company restarted large-scale share buybacks, with the buyback intensity noticeably increased compared with July.

CHINA RISUN GP (01907) rose nearly 4% in the afternoon. As of press time, it was up 2.95% at HK$1.745, with a turnover of HK$9.2138 million. On the news front, Risun Group recently restarted large-scale share buybacks. On September 24, Risun Group spent HK$3.2085 million to repurchase 2 million shares; on the 25th, the company repurchased 1 million shares for HK$1.589 million; on the 28th and 29th, Risun repurchased 319,000 and 500,000 shares respectively. This marks Risun Group's return to buybacks after nearly two months since late July, with the daily buyback intensity noticeably increased compared with the July period. Changjiang issued a research report stating that looking ahead to the second half of the year, attention should be paid to the implementation of coke price increases and the third growth curve in new energy; in the medium to long term, Risun is advancing its 2,000-ton/year silicon-carbon materials, 1,000-ton/year porous carbon materials, and 300,000-ton/year integrated anode materials projects, along with supporting 580MW source-grid-load-storage facilities. The cost advantage of "green electricity + materials" will support the ramp-up of the new energy third growth curve.