China Risun reports profit drop, interim dividend declared

China Risun Group announced unaudited interim results for the six months ended June 30, 2025, reporting a net profit decrease of RMB46.6m, or 34.9%, to RMB86.9m. This led to a basic earnings per share of RMB0.66 cents, down 74.0% year-on-year. The board declared an interim dividend of RMB0.20 cents per share for the reporting period, totaling RMB8,561,000.

Revenue for the period decreased by 18.5% to RMB20,548.6m, largely due to a 35.2% reduction in coke and coking chemicals manufacturing revenue, driven by a RMB685.4 decrease in coke price per ton. Refined chemicals manufacturing revenue also fell by 12.6% to RMB9,096.0m, impacted by lower average unit prices of caprolactam, styrene, and benzene. Despite these challenges, gross profit margin increased from 7.4% to 8.2%, partly due to cost reduction measures and changes in accounting estimates for depreciation.

The company's operational activities included a 25.3% increase in coke and refined chemicals production/processing volume and a 16.8% rise in high-purified hydrogen production. Strategic initiatives include expanding hydrogen-energy products, progressing construction of a new Pingxiang Production Base with 1.8m tons annual coke capacity, and ongoing share repurchases. Total borrowings increased by 15.65% to RMB35.126bn, mainly due to discounted bills financing.