On March 15, 2026, China Risun Group (1907.HK) celebrated the seventh anniversary of its listing in Hong Kong. Over the past seven years, with steady strategic progress and relentless innovation, China Risun has written a remarkable chapter of leapfrog growth in its journey to become a global leader in integrated energy and chemical services.
Capacity Reaches New Heights, Global Leadership Consolidated
Since listing, the Group has continuously expanded and strengthened its position as a global leader in the coking industry. Chemical production capacity has reached 6.182 million tons, up 58.1% from the time of listing, covering 48 chemical products including methanol, synthetic ammonia, amino alcohols, coal tar, phthalic anhydride, hydrogenated benzene, caprolactam, and styrene. Coke production capacity has reached 24.9 million tons, up 154.1%. Operation and management services have grown to 8.232 million tons, up 194%. Hydrogen business scale has reached 1.4 billion cubic meters.
China Risun now operates nine major production parks and 11 overseas subsidiaries/offices across Hong Kong, Indonesia, Singapore, Japan, Mongolia, Brazil, India, and Vietnam, with business coverage in 41 countries and regions. It ranks as the world’s largest independent coke producer and supplier, the largest crude benzene processor, the second-largest coal tar processor, and China’s largest coke oven gas-to-methanol producer.
Innovation-Driven Growth, Chemical Value Highlighted
Innovation remains the core driver of China Risun’s sustainable development. With 6.182 million tons of chemical capacity across 56 production lines, chemicals have become the Group’s largest pillar industry. Since the commissioning of the 100,000 t/a caprolactam project in Cangzhou in 2015, China Risun has achieved breakthroughs in cost control and efficiency, reducing hydrogen consumption and emissions, while converting waste into clean fuel. Caprolactam market share remains at about 9.6%. Prices have steadily risen since late 2025, further strengthening China Risun’s leadership.
In July 2025, China Risun commissioned China’s first 5,000 t/a AMP facility in Dingzhou, becoming the world’s second enterprise to achieve industrial-scale production. Products passed EU REACH certification and are supplied globally to coatings, metalworking, new energy, electronics, and pharmaceuticals. Next, China Risun will launch a 50,000 t/a hexamethylene diamine project using its proprietary CTH process, breaking key technical barriers in nylon 66 production and filling a domestic gap. This project, listed as a major provincial initiative, will drive downstream industries such as spinning, weaving, injection molding, and modification, while forming strong synergies with caprolactam. China Risun plans to build a million-ton nylon 66 and specialty nylon cluster.
Liquid Hydrogen Empowering New Energy
Leveraging its coking business, China Risun has stable hydrogen resources of 5.3 billion m³ annually, with four high-purity hydrogen bases in Dingzhou, Xingtai, Tangshan, and Hohhot. Five hydrogen refueling stations provide clean, low-cost hydrogen in North China, reducing carbon emissions by 140,000 tons annually.
In October 2024, Risun began constructing China’s first 5 t/d liquid hydrogen facility in Dingzhou, in cooperation with CASC’s Beijing Institute of Aerospace Test Technology, scheduled for commissioning in early 2026. This breakthrough will end nearly a century of foreign technological blockade, elevating China’s liquid hydrogen production to international advanced levels. China Risun plans to expand to 30 t/d facilities, aiming for “100 tons/day” liquid hydrogen capacity.
Employee Stock Ownership Plan: Building the Future Together
To attract and retain talent, Risun implemented an employee stock ownership plan, granting 14.418 million shares to 797 mid-to-senior managers, core staff, and R&D personnel. This strengthened the sense of belonging and responsibility, aligning personal growth with company performance and shareholder value. Lock-up periods and performance assessments further motivate employees to innovate, reduce costs, and enhance efficiency.
ESG Rating Upgraded, Green Development Practiced
China Risun regards safety, environmental protection, and quality as its lifeline. Transparency has improved since listing, with annual ESG reports and rating upgrades. In 2025, WIND rating rose from A to AA, and S&P score from 30+ to 40+. By year-end 2025, environmental investment totaled RMB 9.592 billion, with 159 key projects and 99 patented technologies. All parks meet ultra-low emission standards, with some achieving “super ultra-low” levels, earning national honors such as Green Park, Green Factory, and Green Supply Chain Demonstration Enterprise.
Seven Years of Growth, Seven Years of Achievement
Through persistent pursuit of logical and essential growth, Risun has delivered high-quality, rapid expansion. Looking ahead, the Group will continue to uphold its vision of becoming a “world-leading energy and chemical company—innovation shaping the future,” expanding global markets, deepening technological innovation, and driving industrial upgrading to contribute to sustainable and green low-carbon development.
