China Risun Group (01907) saw its shares rise more than 9% during the trading session. As of the latest update, the stock was up 7.91%, trading at HK$2.73, with a turnover of HK$51.742 million. The move comes amid escalating geopolitical tensions in the Middle East. On February 28, the United States and Israel launched attacks on Iran, resulting in the deaths of several senior Iranian officials. U.S. President Donald Trump stated on March 1 that military operations against Iran could last around four weeks, or possibly shorter.

Guolian Minsheng Securities believes that the U.S.-Iran conflict may drive up international prices of chemicals such as methanol. Iran is the world's second-largest methanol producer, with an annual capacity of 17.31 million tons by 2025, accounting for 9.4% of global output. CITIC Securities also noted that rising oil prices could make coal chemical operations a key channel for transmitting domestic coal price increases. The firm recommends undervalued companies with coal chemical operations and those with relatively high sales exposure to chemical coal.

Public information shows that, according to a Frost & Sullivan industry report for 2024, China Risun Group is the world's largest independent coke producer and supplier. It is also the largest processor of crude benzene from coking globally, the second-largest processor of high-temperature coal tar, the second-largest caprolactam producer by capacity, and China's largest producer of phthalic anhydride from industrial naphthalene and methanol from coke oven gas. Additionally, it is the largest supplier of high-purity hydrogen in the Beijing-Tianjin-Hebei region by output.