(Hong Kong, October, 6 2023)– China Risun Group Limited (“China Risun”, or the “Group”, stock code: 1907.HK), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, announced its subsidiary Hebei China Coal Risun Energy Limited ("CNC Risun" or the “Company”) was one of the enterprises from the list of "Hebei Technological Innovation Demonstration Enterprises 2023", adding to the honors it has already received, including National Green Factory, National High-tech Enterprise, and National Technology Advancement and Innovation Coking Enterprise. Being deemed the latest as an enterprise exemplary represents recognition for Risun's innovation ability, with outstanding innovation performance and significant demonstration and guidance functions in the key industries they belong, thus are instrumental to raising the competitiveness of enterprises and stability of the industrial and supply chains in the entire Hebei province.
Founded in November 2003, CNC Risun is on a 1,645 mu site in the Hebei Xingtai Risun Economic Development Zone. It is a mixed ownership enterprise jointly established by Risun Group, CNC Group and Delong Steel, with Risun Group responsible for its overall operation and management. So far, a total of RMB5.672 billion has been invested in it. Its main products included coke, tar, crude benzene, ammoniumsulfur, coal gas. In 2022, CNC Risun made revenue of RMB8.145 billion, 5.92% more than the RMB7.69 billion in 2021, despite the industry generally facing downside pressure and various difficulties in the macro environment. The company proved that it has a healthy operation, strengthening growth momentum and development resilience. As the “industrial chain master”, CNC Risun has driven all 13 enterprises in the Risun Xingtai Production Base to connect, rely on and coordinate closely with each other, thus recognized by the Ministry of Industry and Information Technology as a "National Green Industrial Production Base".
As a coking company in the industry leading in scale, technology and environmental protection, CNC Risun has insisted on driving development with technologies and innovation, allowing it to over the years accumulate extensive production experiences and build strong product development and technological innovation capabilities. The company took part in formulating the National Standard GB/T1996-2017 "Metallurgical Coke" of the People’s Republic of China in 2017. Its Research and Development Center has been recognized as an A-level R&D institution by the Industry and Information Technology Department of Hebei Province, and has to date transformed more than 30 scientific and technological achievements and is holding 12 invention patents, 22 utility model patents, owns more than 10 new environmental protection technologies, has undertaken more than 90 various research and development projects, and made more than 40 top-grade R&D achievements at home and internationally, including such technologies as closed vaporization and coke quenching ready for industrialization. Moreover, the company’s currently valid intellectual property rights have been industrialized and applied in production. CNC Risun actively embraces the development principle that emphasizes “efficient resource utilization, clean production process, and a people-oriented ecology” and is committed to relying on technological progress to create essentially safe and environmentally-friendly factories that give priority to "safety, environmental protection, green development, co-development and integration with the city". Risun, as a group, has clearly and consistently worked by the belief of “innovation leads to the future” in realizing the vision of becoming “the world’s leading energy chemical company”. Since 2007, it has set up engineering technology research centers in its Xingtai and other production bases, 14 first-level group research institutes including the Risun Chemical Research Institute and one group analysis and testing center, laying the foundation the basic framework for innovation on all fronts, by all staff, in collaboration and for systems, aiming to vigorously promote transformation and upgrade all businesses as well as enhance the core competitiveness of the Group. Risun places much attention on and is dedicated to building a high-standard, high-quality, high-level R&D and innovation platform, thus has continuously fortified the foundation of R&D and innovation and optimized relevant conditions. It also cares about making full use of innovation resources in and outside the country. Capitalizing on its own comprehensive R&D facilities, sound scientific research team and rich innovation culture, it has focused on including low-carbon chemicals, and thus far obtained 263 patents and 454 proprietary technologies. Especially since 2016, guided by its “fifth five-year” and “sixth five-year” plans, the Group has invested more than RMB2 billion in R&D, resulting in success in developing dozens of key technologies.
In addition, it had invested RMB980 million in and completed 79 digital projects. Through “complete and thorough automation, and complete and thorough informatization”, plus adopting industrial IoT and intelligent manufacturing, it now prides 100% automatic control of coking equipment and more than 98% automatic control of all equipment. It also built the first smart factory in the coking chemical industry. Armed with extensive coking industry experience, focusing on coal blending is critical to coking companies in assuring product quality and cost, and at the effort of China’s top algorithm team and the expert team of its coal research institute, plus integrating the more than 20 patents and proprietary technologies it has in coal blending and coking, the Group has developed an intelligent expert coal blending system. For 28 years now since it was founded, Risun has embraced R&D of coking and coal blending technologies.
Being deemed the latest as an enterprise exemplary in technological innovation in Hebei Province represents government recognition for Risun's innovation ability, development potential, technological strength, core technologies, and branding and innovation mechanisms. In the future, “innovation leads to the future” will continue to be a core principle of China Risun, including China Coal Risun, in pushing forward with expanding business steadily, enhancing performance, improving efficiency, and achieving safer, more efficient, greener, sustainable and high-quality development. Drawing on its nine core competitive strengths and giving full play to its nine competitive advantages, the Group will invest more in science and technology, strengthen innovation, expand technological cooperation to expand and take its business “across the country+everywhere in the world”, upgrade towards a model underscored by “innovation, service, digitalization and platform” and move forward to realize its vision of “the world's leading energy chemical company – innovation leads to the future”.
