Feng Huang Wang·2025-10-03 03:23Core Viewpoint - The stock price of China Resources Gas (01635.HK) has surged over 30%, reaching a historical high of 4.9 HKD, driven by news of its investment in Shenzhen Capital Group and the upcoming IPO of Yushu Technology [1] Group 1: Company Developments - China Resources Gas has a 10.80% stake in Shenzhen Capital Group, which is a significant source of profit for the company [1] - Shenzhen Capital Group and its funds hold shares in Yushu Technology, which is expected to submit its IPO application to the stock exchange in the fourth quarter of this year [1] Group 2: Market Reactions - The stock price increase reflects positive market sentiment following the announcement of the IPO and the company's investment activities [1] - The highest intraday price of 4.9 HKD marks a new historical peak for China Resources Gas [1] Group 3: Industry Context - The company operates in both public utilities and financial investment sectors, indicating a diversified business model [1] - The venture capital business is highlighted as an important segment for China Resources Gas, contributing significantly to its revenue [1]