According to reports, CHINA RISUN GP (01907) rose nearly 4% in the afternoon session. As of press time, the stock was up 2.95% at HK$1.745, with a trading volume of HK$9.2138 million.

On the news front, Risun Group recently restarted large-scale share buybacks. On September 24, Risun Group spent HK$3.2085 million to repurchase 2 million shares; on September 25, the company repurchased 1 million shares at a cost of HK$1.589 million; on September 28 and 29, Risun repurchased 319,000 and 500,000 shares respectively. This marks Risun Group's return to buybacks after nearly two months since late July, with the single-day buyback intensity significantly increased compared to the July period.

Changjiang Securities issued a research report stating that looking ahead to the second half of the year, investors should focus on the implementation of coke price increases and the third growth curve in new energy. In the medium to long term, Risun is advancing its 2,000-ton-per-year silicon-carbon material project, 1,000-ton-per-year porous carbon material project, 300,000-ton-per-year integrated anode material project, and supporting 580MW source-grid-load-storage infrastructure. The cost advantage of "green electricity plus materials" will support the ramp-up of the third growth curve in new energy.