CHINA RISUN GP (01907) Hydrogen Business: Full-Chain Closed-Loop Releases Systemic Competitive Advantages

Stock News
Dec 22, 2025

Against the backdrop of China's deepening "dual-carbon" strategy and sustained policy support for the hydrogen energy sector, CHINA RISUN GP (01907) has achieved breakthroughs in smart manufacturing, full-chain hydrogen industry layout, and global operations through efficient synergy across its "sales, logistics, production, supply, and R&D" segments. The company projects a 15%-20% year-on-year increase in hydrogen sales volume for 2025 compared to 2024's 20.1 million standard cubic meters, further consolidating its industry leadership.

The company has implemented an integrated "production-storage-transportation-refueling-application+R&D" layout, establishing China's second-largest and Beijing-Tianjin-Hebei region's biggest high-purity hydrogen production base.

Production: Leveraging by-product hydrogen from coking operations, RISUN operates four high-purity hydrogen plants in Dingzhou, Xingtai, Tangshan, and Hohhot with combined daily capacity of 34 tons across five production lines, ensuring low-cost, high-quality supply for North China.

Storage & Transportation: Developing a "gaseous+liquid hydrogen" network with 5.3 tons/day delivery capacity, while completing a 5 tons/day liquid hydrogen demonstration project.

Refueling: Pioneering five hydrogen stations (including three integrated energy stations) in North China with 7 tons/day total capacity, achieving full-capacity profitable operations through precision budget management.

Application: Covering key Beijing-Tianjin-Hebei use cases, RISUN launched dedicated hydrogen truck routes (Dingzhou-Xinji/Tangshan/Tianjin Port) and deployed 10 hydrogen buses plus 2 sanitation vehicles in Dingzhou with partner Weichai Power, creating a "demand-driven production, production-driven supply chain" ecosystem.

R&D: Through its hydrogen research institute and laboratory, RISUN focuses on technological breakthroughs, standard-setting, and cost optimization—addressing core material localization and renewable hydrogen cost reduction. The company is commercializing liquid hydrogen production via ortho-para hydrogen conversion catalyst development and has co-drafted multiple national hydrogen standards.

RISUN's closed-loop model provides replicable solutions for regional industrial decarbonization while validating its business sustainability. Aligned with national energy strategy, the company is expanding into green hydrogen/ammonia/methanol and partnered with China Aerospace to deploy China's first 5 tons/day hydrogen liquefaction system in Dingzhou—breaking foreign technology monopolies and establishing liquid hydrogen infrastructure.

The company creates multi-sector value by converting industrial by-product hydrogen, promoting hydrogen-fueled logistics, and developing hydrogen storage/power generation applications. Future plans emphasize market-oriented commercialization, with all projects targeting sustainable profitability while contributing to China's carbon neutrality goals.

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