--- title: "China Xuyang Group (01907.HK) Actively Faces Industry Changes, Net Profit Grows 37.7% Against the Trend in 2025" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39718355.md" description: "China Risun Group (0$CHINA RISUN GP(1907.HK)) Actively Faces Industry Changes, Net Profit Grows 37.7% Against the Trend in 2025. As a global leading integrated producer and supplier of coke, coke products, fine chemical products, and related operation management service provider, China Risun Group Limited (the "Company" together with its subsidiaries, the "Group"; Stock Code: $CHINA RISUN GP(1907.HK)) recently announced its audited consolidated results for the year ended December 31, 2025. The financial report shows that in a market environment where the prices of main products are in a cyclical downturn..." datetime: "2026-04-03T11:37:35.000Z" locales: - [en](https://longbridge.com/en/topics/39718355.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39718355.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39718355.md) author: "[亚太商讯那些事儿](https://longbridge.com/en/profiles/18018177.md)" --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/39718355.md) | [繁體中文](https://longbridge.com/zh-HK/topics/39718355.md) # China Xuyang Group (01907.HK) Actively Faces Industry Changes, Net Profit Grows 37.7% Against the Trend in 2025 China Xuyang Group (0$CHINA RISUN GP(1907.HK)) Actively Responds to Industry Changes, Net Profit Grows 37.7% Against the Trend in 2025 China Xuyang Group Limited (the "Company", together with its subsidiaries, the "Group"; Stock Code: $CHINA RISUN GP(1907.HK)), a global leading integrated producer and supplier of coke, coking products, and fine chemical products, as well as a provider of related operation management services, recently announced its audited consolidated results for the year ended December 31, 2025. The financial report shows that in a market environment characterized by cyclical price declines of major products, the Group achieved a significant improvement in net profit through effective cost control, operational optimization, and business structure adjustment, while continuing to make breakthroughs in the fields of hydrogen energy and high-end fine chemicals. Financial Performance: Profit Growth, Operational Efficiency Improvement For the 2025 fiscal year, the Group recorded revenue of approximately RMB 39.286 billion, a decrease of about 17.4% compared to RMB 47.543 billion in the same period last year. The revenue decline was mainly affected by across-the-board price drops of coke and major chemical products, with both the ferrous and chemical industry chains facing a market pattern of "strong supply and weak demand." Despite revenue pressure, the Group demonstrated strong operational resilience through strict cost control. Sales and service costs during the year decreased by 17.8% year-on-year, a larger decline than the revenue drop. This resulted in the Group's gross profit reaching RMB 3.064 billion, with the gross profit margin increasing by 0.5 percentage points year-on-year to 7.8%. More notably, annual profit achieved counter-trend growth, reaching approximately RMB 135 million, a significant increase of about 37.7% compared to RMB 97.8 million in the same period last year. Operating net cash flow reached RMB 3.46 billion, a year-on-year increase of 140%, far exceeding net profit, further enhancing risk resistance and significantly improving profit quality. For the year, the Group's basic earnings per share were RMB 0.013, a significant increase of 160% year-on-year, reflecting the growth in net profit attributable to shareholders of the parent company and the impact of share repurchases. The Board of Directors proposed a final dividend of RMB 0.0019 per share, totaling approximately RMB 8.13 million, continuing the policy of rewarding shareholders. Business Highlights: Consolidating Leading Position in Coke, Expanding Operation Management, Focusing on High-end Chemicals and Hydrogen Energy As the business cornerstone, the Group's coke and coking products manufacturing segment demonstrated cost advantages during the price downturn cycle. Through optimizing coal blending and implementing cost reduction and efficiency improvement strategies, the segment's gross profit margin increased from 8.6% last year to 12.4%. During the year, the first coke oven of the new coking project with an annual capacity of 1.8 million tons located in Pingxiang, Jiangxi, was put into operation, further consolidating the scale advantage in production capacity. Operation management and trading businesses have become an important combination to smooth out cyclical fluctuations. Although revenue from operation management services declined due to the completion of some agreements, the Group expanded two new operation management projects in Jilin and Shanxi during the year, continuously expanding its industry influence. As of now, the Group has 9 operation management service projects, mainly distributed across multiple provinces including Henan, Jilin, Shanxi, Inner Mongolia, and Sichuan, with a managed scale of 8.282 million tons, achieving a 6-year compound annual growth rate of 19.8%. Meanwhile, trading business revenue increased by 25.6% year-on-year, effectively supplementing cash flow. Innovation and high-end development have become the core driving forces for the Group's growth. In the field of fine chemicals, the Group successfully developed and put into operation the first domestic amino alcohol project with an annual capacity of 5,000 tons at its Dingzhou production base, thereby becoming the world's second-largest amino alcohol producer. The product has obtained EU REACH certification, entering high-value-added markets such as high-end coatings and pharmaceuticals. Caprolactam, as another core product, maintains a solid market position and continues to optimize costs through technological innovation. The layout of the hydrogen energy business has entered the fast lane, becoming one of the most promising growth highlights in the financial report. The Group's high-purity hydrogen production increased by 25.7% year-on-year, accounting for approximately 21.8% of the market share in North China. More crucially, the Group initiated the construction of the first domestic liquid hydrogen demonstration project with a capacity of 5 tons/day in Dingzhou, Hebei, which has been selected for the national list of major technological equipment (first set) in the energy sector, marking a technological breakthrough in hydrogen storage and transportation and laying the foundation for future commercial applications. Financial Strategy: Robust Cash Flow and Shareholder Returns During the year, the Group's net cash generated from operating activities significantly improved to approximately RMB 3.465 billion, mainly due to strengthened accounts receivable management. Despite capital expenditure management for future development, the Group maintained ample financial resources, with unused bank financing facilities of approximately RMB 8.036 billion held at the end of the reporting period, providing support for business development. The Group also actively utilized capital market tools to optimize its capital structure and reward shareholders. During the year, the Company spent approximately RMB 180 million on share repurchases and granted awards to nearly 800 employees through a share award scheme, aiming to motivate the team and share development achievements. Future Outlook: Launching a New Five-Year Plan, Focusing on Green Transformation and Industrial Upgrading The Group announced in its financial report that it has formulated the Company's seventh five-year development plan for 2026 to 2030. Looking ahead, the Group will continue to increase its market share in coke, fine chemicals, and hydrogen energy products through capacity expansion, mergers and acquisitions, and joint ventures. Particularly in the field of hydrogen energy, the Group will actively seize policy opportunities under China's "15th Five-Year Plan," striving to become a clean and low-carbon hydrogen energy supplier and exploring liquid hydrogen industrialization and the construction of integrated hydrogen stations. Facing the complex market environment in 2025, the Group achieved counter-trend improvement in profitability through its integrated, park-based operation model, excellent cost control capabilities, and forward-looking innovation and R&D. Entering a new five-year plan cycle, Xuyang will firmly promote the green transformation and high-end upgrading of the coking industry, cultivate fine chemicals as an important second growth curve, continuously expand into global markets, deepen technological innovation, drive industrial upgrading, achieve a higher level of sustainable development and green, low-carbon transformation, and continue to create value returns for shareholders. ### Related Stocks - [CHINA RISUN GP (01907.HK)](https://longbridge.com/en/quote/01907.HK.md)