China Risun Group (1907) investor relations material

Executive summary

• Maintained global leadership in coke production and significant positions in refined chemicals and hydrogen-energy sectors, with nine production bases and expanded operation management services to eight third-party producers.

• Completed major capacity expansions, including new coke and refined chemicals projects, and launched China's first national liquid hydrogen project.

• Implemented ESG initiatives, digitalization, and R&D advancements, earning multiple green and intelligent factory recognitions.

• Granted 14.4 million share awards to nearly 800 employees to enhance competitiveness and retention.

Financial highlights

• Revenue decreased 17.4% year-over-year to RMB39,286.5 million, mainly due to lower product prices and weaker demand.

• Net profit increased 37.7% year-over-year to RMB134.7 million, driven by cost control, efficiency improvements, and non-recurring gains.

• Gross profit margin rose to 7.8% from 7.3% last year; EBITDA margin improved to 9.2%.

• Basic EPS rose 160% year-over-year to RMB1.3 cents.

• Final dividend proposed at RMB0.19 cents per share, totaling RMB8.13 million.

• Net cash from operating activities increased to RMB3,464.9 million; cash and cash equivalents at year-end were RMB1,578.8 million.

• Total borrowings increased 13.2% to RMB34.4 billion, with gearing ratio at 2.3.

Outlook and guidance

• New five-year plan (2026–2030) targets further expansion in coke, refined chemicals, and hydrogen-energy, leveraging M&A and joint ventures.

• Focus on technological innovation, green development, and digital transformation to drive growth and maintain industry leadership.

• Hydrogen-energy business expected to benefit from supportive national policies and industry commercialization.