Core Viewpoint - China Xuyang Group (01907) announced the transfer of 15 million shares from its inventory to the trustee of the share incentive plan adopted on May 30, 2025, which will hold these shares for future allocation to beneficiaries as rewards vest [1] Group 1 - The transfer of 15 million shares is scheduled for October 6, 2025 [1] - The shares will be held by the trustee until they are allocated to the beneficiaries under the share incentive plan [1] - The share incentive plan was adopted on May 30, 2025 [1]

智通财经APP讯，中国旭阳集团(01907)发布公告，于2025年10月6日，将1500万股库存股份转让予公司 于2025年5月30日采纳的股份奖励计划的受托人，这些股份将由受托人代为持有，以在根据股份奖励计 划授予及将授予的奖励归属时，转让予承授人。 ...

公司名稱： 中國旭陽集團有限公司 呈交日期： 2025年10月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 01907 | 說明 | 股份 | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國旭陽集團有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01907 | 說明 | 股份 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： ...

China Risun Group Limited 中國旭陽集團有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code: 1907) （股份代號：1907) NOTIFICATION LETTER 通知信函 Date as postmarked Dear Non-registered Holder(s) (Note 1) , China Risun Group Limited (the "Company") Yours faithfully, China Risun Group Limited Notes: 各位非登記持有人 （附註1） ： 中國旭陽集團有限公司（「本公司」） －刊發2025中期報告（「本次公司通訊」） 本公司的本次公司通訊之中、英文版本已分別上載於本公司網站( www.risun.com )及香港聯合交易所有限公司（「聯交所」）之網站( www.hkexnews.hk ) （「網站版本」）。本公司建議 閣下閱覽本公司本次公司通訊的網站版本。 – Notifica ...

Dear Registered Shareholders. China Risun Group Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.risun.com and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends you to access the Website Version of th ...

2025 中期報告 2025 Interim Report 中期報告 摘要 中國旭陽集團有限公司 02 • 於報告期內，焦炭及精細化工產品的產╱加工量分別為10.9百萬噸及2.9百萬噸，較去年同比增加25.3%及11.5%。 • 於報告期內，高純氫的產量為11.1百萬Nm3，較去年同比增加16.8%。 • 於報告期內，收益為人民幣20,548.6百萬元，較去年同比減少18.5%。 • 於報告期內，溢利為人民幣86.9百萬元，較去年同比減少約34.9%。 • 於報告期內，每股基本盈利為人民幣0.66分，較去年同比減少約74.0%。 • 董事會就報告期宣派中期股息每股人民幣0.20分（相當於每股0.22港仙）（上個期間：每股人民幣0.78分或每股0.85港 仙），股息總額為人民幣8,561,000元（相當於9,417,000港元）（上個期間：人民幣33,948,000元或37,430,000港元）。 有權獲發中期股息的合資格股東的記錄日期為2025年9月18日（星期四），而中期股息預計於2025年9月30日（星期二） 或之前派付。 公司資料 公司名稱 中國旭陽集團有限公司 股份代號 目錄 01 2025 中期報告 ...

Core Insights - The top short-selling stocks include New World Development Co. Ltd. (80016) and AIA Group Ltd. (81299), both with a short-selling ratio of 100%, followed by BYD Company Limited (81211) at 84.08% [1][2] - Alibaba Group Holding Limited (09988) leads in short-selling amount at 4.052 billion, followed by Baidu Inc. (09888) at 1.758 billion and Meituan (03690) at 1.615 billion [1][2] - The highest deviation values are seen in Alibaba-SWR (89988) at 32.37%, Nissin Foods (01475) at 31.05%, and China Xuyang Group (01907) at 26.53% [1][2] Short-Selling Ratio Summary - New World Development Co. Ltd. (80016): 634,800 with a short-selling ratio of 100.00% [2] - AIA Group Ltd. (81299): 144,800 with a short-selling ratio of 100.00% [2] - BYD Company Limited (81211): 2,118,500 with a short-selling ratio of 84.08% [2] - Anta Sports Products Limited (82020): 85,700 with a short-selling ratio of 83.05% [2] - China Resources Beer Holdings Company Limited (80291): 1,083,600 with a short-selling ratio of 75.33% [2] Short-Selling Amount Summary - Alibaba Group Holding Limited (09988): 4.052 billion with a short-selling ratio of 21.31% [2] - Baidu Inc. (09888): 1.758 billion with a short-selling ratio of 36.87% [2] - Meituan (03690): 1.615 billion with a short-selling ratio of 27.05% [2] - Tencent Holdings Limited (00700): 1.187 billion with a short-selling ratio of 12.24% [2] - BYD Company Limited (01211): 799 million with a short-selling ratio of 21.03% [2] Deviation Value Summary - Alibaba-SWR (89988): 8,385,400 with a short-selling ratio of 66.93% and a deviation value of 32.37% [2] - Nissin Foods (01475): 307,100 with a short-selling ratio of 38.98% and a deviation value of 31.05% [2] - China Xuyang Group (01907): 5,568,300 with a short-selling ratio of 34.03% and a deviation value of 26.53% [2] - AIA Group Ltd. (81299): 144,800 with a short-selling ratio of 100.00% and a deviation value of 25.88% [2] - Beijing Enterprises Water Group Limited (00371): 33,448,500 with a short-selling ratio of 49.80% and a deviation value of 25.23% [2]

Investment Rating - The industry rating is "Positive" [1] Core Viewpoints - A V-shaped reversal in coal prices is anticipated, with winter prices expected to reach 800 CNY/ton. The long-term contracts are supporting spot prices, and policy-driven sentiment is leading to significant price increases. The long-term contract prices for September are 674, 613, and 551 CNY/ton for 5500, 5000, and 4500 kcal respectively, with the CCI index showing slight variations [6][26] - The coal market is expected to see a balance between supply and demand gradually, with prices steadily rising. The report maintains a "Positive" rating for the industry and suggests focusing on flexible thermal coal companies and those in turnaround situations in coking coal and coke sectors [6][26] Summary by Sections Coal Sector Performance - The coal sector outperformed the CSI 300 index, with a weekly increase of 3.59% as of September 19, 2025, while the index fell by 0.44%, resulting in a 4.03 percentage point outperformance. A total of 24 stocks in the sector rose, with Yongtai Energy showing the highest increase of 13.42% [2] - Key monitored enterprises reported an average daily coal sales volume of 7.22 million tons for the week of September 12-18, 2025, a week-on-week increase of 5.3%. The average daily production was 7.18 million tons, also up 4.8% week-on-week and 4.4% year-on-year [2][24] Price Trends - As of September 19, 2025, the price of thermal coal (Q5500K) in the Bohai Rim was 676 CNY/ton, a week-on-week increase of 0.15%. The import price index for thermal coal was 812 CNY/ton, up 4.5% week-on-week. Prices at various ports and production areas also showed increases [3] - The price of coking coal at Jingtang Port was 1610 CNY/ton, up 3.9% week-on-week, while the futures settlement price for coking coal was 1216 CNY/ton, reflecting a 6.9% increase [4] Supply and Demand Dynamics - The total coal inventory monitored was 25.54 million tons as of September 18, 2025, a decrease of 1% week-on-week and 6% year-on-year. The cumulative sales volume of key monitored enterprises was 180.46 million tons, down 2.4% year-on-year [2][24] - The report indicates that the demand from the power and chemical industries has varied, with coal consumption in the power sector down 2.9% year-on-year, while the chemical sector saw an increase of 16% [2][24] Investment Recommendations - The report recommends focusing on companies in the thermal coal sector such as China Shenhua, Shaanxi Coal and Chemical Industry, and others, as well as coking coal companies like Huabei Mining and Shanxi Coking Coal. It also highlights companies in the coke sector that are expected to see profit improvements [6][26]

Investment Rating - The report maintains an "Overweight" rating for the basic chemical industry [5] Core Viewpoints - The development of modern coal chemical industry in China is expected to thrive due to strong policy support and technological breakthroughs, focusing on clean and efficient coal utilization [2][3][4] - The coal chemical industry is projected to achieve significant growth in revenue and profit, with a total revenue of approximately 202.66 billion yuan in 2024, representing a year-on-year increase of 4.2%, and a profit of about 11.93 billion yuan, up 178.1% [3][4][30] Summary by Sections Industry Dynamics - The State Council emphasizes the importance of modern coal chemical development, aiming to establish a clean and efficient coal utilization system by 2030, enhancing coal conversion efficiency and pollutant control [2][23] - The Xinjiang region is highlighted for its potential in modern coal chemical development, focusing on renewable energy, clean coal utilization, and advanced technologies [1][21] Policy and Technological Support - The report outlines various government policies aimed at promoting the modern coal chemical industry, including the promotion of green and low-carbon technologies [24][25] - Technological advancements, such as the DMTO-III technology, have improved efficiency in coal-to-olefins production, reducing methanol consumption [29] Market Performance - The coal chemical industry is expected to see a structural adjustment and upgrade, with a focus on high-end, diversified, and low-carbon development [26][30] - The report suggests monitoring specific companies such as Baofeng Energy, Hualu Hengsheng, and others for potential investment opportunities [4][30]