In 2025, navigating an uncertain macro-environment, China Risun Group (01907) leveraged innovation and service leadership to achieve coordinated progress across business expansion, technological advancement, market penetration, and internal management. The company solidified its leading position in the core coking business, successfully commissioned its new chemical material amino alcohol production facility, set a new historical record for high-purity hydrogen sales, and continued to expand its overseas footprint, overcoming significant challenges to achieve new growth milestones.
Since its founding in 1995, Risun has expanded from Hebei across China and now globally, establishing a nationwide presence while accelerating international development. The group is strategically diversifying from coking and chemicals into new energy and new materials, having established 9 major production parks worldwide. It boasts 8 national high-tech enterprises, 6 national-level green factories, 1 provincial-level green factory, 2 municipal-level green factories, 407 patented technologies, 542 proprietary technologies, and 405 doctoral and master's degree talents, steadily achieving high-quality development.
Building a global supply and sales network enhances Risun's international competitiveness. The commencement of its 3.2 million tonnes/year coking project in Indonesia in July 2023 served as a strategic beachhead for overseas development, leading to long-term partnerships with major steel enterprises in Southeast Asia, South America, India, and Europe. In May 2025, Risun Weishan New Energy (Indonesia) Co., Ltd. successfully obtained the "RISUN" trademark certificate covering multiple sectors including chemicals, agriculture, food, pharmaceuticals, and industrial manufacturing, providing legal protection for diversified business development and new product promotion in Indonesia.
Risun also collaborated with other industry leaders as a founding member to establish the Indonesia National Coking Industry Association, strengthening industry coordination, improving engagement mechanisms with the Indonesian government, and unifying guidance for coking enterprises. This fosters better industry direction, cohesion, order, environment, and rights protection, aligning with Indonesia's socio-economic needs for mutual benefit and the healthy, stable development of the local coking industry.
Furthermore, Risun Group's Brazil office was officially inaugurated in Belo Horizonte on August 19, 2025, marking its first office in the Americas. This office will serve the Brazilian market and radiate across Latin America, signifying a new step in Risun's internationalization. To date, the group has established 11 overseas subsidiaries and offices in locations including Hong Kong, Indonesia, Singapore, and Japan, with business covering 41 countries and regions. On July 8, 2025, Risun Group was successfully入选 the "China Brand Internationalization Benchmark 100" list. These achievements underscore its growing global influence and provide a solid foundation for future development.
Adhering to an industrial park-based development model provides a robust industrial foundation. After its founding, Risun gradually proposed a vertical integration strategy, creating the park development model in 2003. This model is the practical implementation of its vertical integration strategy. Version 1.0 focused on coking, version 2.0 incorporated chemical industries, and the current version 3.0 involves multi-industry layouts based on one or two core industries. These industries develop independently yet interact, support, complement, and synergize with each other, creating a coupling effect and demonstrating unique advantages.
Risun has production parks in multiple Chinese provinces (autonomous regions) and strategic regions like Indonesia. Parks with annual revenue exceeding RMB 10 billion are striving for RMB 20-30 billion, while those over RMB 5 billion aim for RMB 10 billion. They are equipped with standardized, integrated management centers, R&D centers, data centers, command and dispatch centers, and administrative service centers. Built according to the "Five Modernizations" model—integration, scale, intensification, ecology, and intelligence—and managed under the "Seven Unifications" principle—planning, infrastructure, operations, energy, logistics, safety/environment, and R&D—these parks are vital carriers of Risun's industry. This vertically integrated park model is both innovative and practical, reflecting Risun's comprehensive competitiveness.
Achieving a major innovation breakthrough, Risun successfully commissioned China's first independently developed amino alcohol industrial production facility. Amino alcohol (2-amino-2-methyl-1-propanol) is a high-performance additive used extensively in electronics, new energy, cosmetics, high-end coatings, precision metal cutting, pharmaceutical/agrochemical intermediates, and carbon capture. It offers high value-added but involves complex synthesis and harsh reaction conditions. Risun's R&D team, led by several doctors, spent a decade overcoming core technical challenges through pilot and process development stages, forming a proprietary amino alcohol industrialization technology system protected by 15 patents. The company pioneered a green, safe, and environmentally friendly synthesis process.
In July 2025, Risun commissioned a 5,000 tonnes/year amino alcohol plant, breaking foreign technological monopolies and filling a domestic industry gap. It now independently produces and supplies high-quality, full-series amino alcohol with purity reaching 3N grade and metal impurities at PPb level, demonstrating卓越 market competitiveness. For instance, in new energy batteries, Risun's amino alcohol enhances electrochemical stability and safety due to its excellent purity and stable performance; in biomedicine, it ensures superior biocompatibility and safety by thoroughly removing potential allergens and adverse reaction substances, making it an ideal raw material for high-end pharmaceuticals and efficacious skincare products.
This marks another significant breakthrough for Risun in high-end fine chemical new materials, vigorously promoting the development of China's fine chemical industry and making Risun the second company globally to industrialize amino alcohol production. To date, Risun's amino alcohol has been sold across China and to countries including the US, Japan, South Korea, India, the Netherlands, and Italy. Having obtained EU REACH certification, it is deeply integrated into high-end coatings, carbon capture solvents, electronic materials, and other cutting-edge supply chains, receiving widespread recognition and high praise from domestic and international clients, with repurchase rates continuously rising. Looking ahead, Risun plans orderly capacity expansion based on global market demand, further innovating and enriching its amino alcohol product series to build multiple product lines around this platform, creating another globally leading advantageous industrial chain.
High-purity hydrogen sales reached another historical high, meeting the global highest certification standard for clean hydrogen. Based on confirmed annual data, Risun's high-purity hydrogen sales for 2025 are projected to reach approximately 24 million standard cubic meters, setting a new record. This further consolidates the foundation of Risun's hydrogen energy business and reinforces its position as the second-largest high-purity hydrogen supplier in China and the largest in the Beijing-Tianjin-Hebei region.
Risun Group initiated substantial hydrogen energy industry development in 2020. It has since achieved excellence in production, storage, transportation, refueling, R&D, and application. The company now operates 5 high-purity hydrogen production lines with a combined capacity of 34 tonnes/day, 5 hydrogen refueling stations with a total refueling capacity of 7 tonnes/day, possesses hazardous chemical transportation qualifications and its own transport fleet, collaborates with upstream and downstream partners to build hydrogen heavy-duty truck application scenarios in the Beijing-Tianjin-Hebei region, and is innovating in green hydrogen production technologies like PEM and AEM electrolyzers. It is also partnering with the Aerospace 101 Research Institute to build China's first 5 tonnes/day liquid hydrogen unit, expected to commence operation in the first half of 2026.
Moreover, Risun Hydrogen has consecutively passed the "Low-Carbon Hydrogen, Clean Hydrogen, and Renewable Hydrogen Standards and Evaluation" certification by the National Hydrogen Energy and Fuel Cell Vehicle Demonstration Evaluation Platform for three years. Its achieved carbon emission intensity of 0.49 kgCO₂e/kgH₂ is significantly lower than the EU's upper limit of 4.4 kgCO₂e/kgH₂, indicating that Risun's hydrogen product lifecycle carbon emissions meet the global最优 standard.
A 100% dividend payout garnered significant attention and recognition from the capital markets. Although the company initially committed to a dividend payout ratio of no less than 30% of net profit, at the special milestone of 2025, Risun distributed 100% of the previous year's net profit to investors. It also continued share buybacks and increases: directors and senior management cumulatively increased their holdings by 6.894 million shares, major shareholders by 65.481 million shares, and the listed company repurchased 227.303 million shares. Holdings via Stock Connect surged to 340 million shares, 84 times the initial listing level. The company maintained active communication with domestic and international investors and analysts through reverse roadshows, deepening market understanding.
Notably, Risun received coverage from 9 brokerages in 2025, all assigning "Buy" or "Outperform" ratings. Among them, Phillip Securities and Universal Triumph, both international brokers, initiated coverage with "Buy" ratings in the second half of 2025. Concurrently, recognized for its comprehensive corporate strength and capital market performance, the group won numerous awards in 2025, including the "Excellence Award for Sustainable Development Disclosure," "2025 Hong Kong International Forum Best ESG Digital Innovation Application Award," and the "2025 China Listed Companies Yinghua Award," spanning investor relations, information disclosure, ESG practices, and corporate governance. It was also ranked among the Fortune China 500 for the seventh consecutive time.
Looking forward, Risun Group has formulated a new Five-Year Development Plan (2026-2030) and a Ten-Year Development Outline (2026-2035). These long-term goals will guide Risun's development, providing strategic direction and resilience to navigate increasingly complex landscapes with greater composure, maturity, and clarity,全力打造 a globally renowned "Industry + Services" group. On this path, China Risun Group will continue upholding its corporate mission of "Creating Wealth, Perfecting Life," steadfastly pursuing its vision of being a "World-leading Energy and Chemical Company – Innovating for the Future," and firmly practicing the principle that "National strategy is Risun's greatest strategy, and era demands are Risun's direction."
The company aims to shed past burdens, forget previous achievements, discard established experiences, break from tradition, reset completely, empty itself, and advance lightly. It will keep pace with the times, society, and the nation, working diligently with down-to-earth efforts to create a brighter tomorrow and achieve another glorious thirty years.