(Hong Kong, 31 March 2025) – China Risun Group Limited (“China Risun”, or the “Group”, stock code: 1907.HK), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, today announced its annual results for the year ended 31 December 2024 (“the reporting period”). During the reporting period, the Group has made breakthroughs in fields such as intelligent manufacturing, the deployment of the hydrogen energy industry chain, and global operations, capitalizing on the effective synergies of the five key elements of "sales, transportation, manufacturing, supply, and R&D".
For the reporting period, the Group’s revenue was RMB47.542 billion, representing a year-on-year increase of 3.2%. Profit attributable to owners was RMB20.1 million, and basic earnings per share were RMB0.5 cents. The Board does not propose a final dividend for the Year. In view of celebration of the 30th anniversary since the Group’s establishment in 1995, the Board proposes a special dividend of RMB2.22 cents per share, subject to the Shareholders’ approval in the forthcoming annual general meeting. The total dividend per share (including 2024 interim dividend of 0.78 cents) for the Year will be RMB3 cents per share.
Dual-Pillar Structure Remained Robust with Operational Management Reaching New Heights
China Risun was committed to strengthening its dual-pillar industrial structure of "Coke + Chemicals." In 2024, the Group’s coke business generated operating revenue of RMB 17.642 billion, with managed capacity increasing to 23.8 million tonnes. Meanwhile, the revenue of chemical business rose to RMB 20.729 billion, with managed capacity expanding to 6.04 million tonnes. With strong market demand, the Group has focused on integrating existing businesses and production bases and the expansion of production capacity of coke and refined chemicals. For example, the Group was constructing another coke production facilities in Sulawesi Production Base, Indonesia in phase, and planned to constructed coke facilities with an annual coke production capacity of 1.8 million tonnes in Pingxiang Production Base in Xiangdong Industrial Park. On the other hand, the Group further refined into high-end chemicals products such as caprolactam (“CPL”), synthetic ammonia and ammonium, amino alcohol (2-Amino-2-Methyl-1-Propanol), to enhance the overall profitability of the business and increase market share.
The operation and management business have emerged as a new growth driver for the Group. During the reporting period, the business scale reached 8.86 million tonnes, up 113.5% year-on-year, while operating revenue surged 50.8% year-on-year to RMB 4.225 billion. Leveraging its integrated "sales, logistics, manufacturing, supply, and R&D" operational management system, China Risun has established a capital-light expansion model, significantly improving industry efficiency and management standards. During the Reporting Period, the Group entered into four new operation management agreements to further expand the Group’s business presence in coke and coking chemicals, including coke and aniline refined chemicals sectors, in Shandong, Sichuan, Jiangsu Province and lnner Mongolia Autonomous Region, the PRC.
Integration of Hydrogen Energy Ecosystem and Actively Promoted Green Transformation
Focusing on the rapid development of the hydrogen energy industry in the Beijing-Tianjin-Hebei, China Risun has been actively advancing the deployment of the industry chain of " sales, transportation, manufacturing, supply, and R&D", accelerating its transformation from a clean energy supplier to a hydrogen ecosystem service provider. During the reporting period, the Group's hydrogen production capacity was 140 million cubic metres, while sales of high-purity hydrogen increased by 116% year-on-year to 20.1 million cubic metres, doubling for the fourth consecutive year. In terms of technological breakthroughs, the Group's 5-tonne-per-day liquid hydrogen demonstration project with Aerospace Institute 101 has been advancing efficiently and has been selected as a key project in Hebei Province. In terms of application, the Group built a number of hydrogen-powered heavy-duty trucks during the period to promote the application of hydrogen energy in the transport sector. In the future, the Group will explore opportunities to build up hydrogen-energy mother island and integrated station in the Beijing-Tianjin-Hebei region.
During the Reporting Period, the Group actively promoted the establishment of advanced environmental policies, committed to building green production bases and green factories, and actively carried out innovation of environmental protection technology. As at the end of 2024, the Group has invested a total of RMB9.3 billion in environmental protection, focusing on 156 environmental protection projects, and has received ESG ratings from MSCI, S&P, WIND, Hang Seng and other authoritative organisations. In the future, the Group will adhere to the philosophy of green development, proactively carry out green and clean transformation,
