China Xuyang Group rises more than 23% in early trading; the company is a producer of methanol from coke oven gas

China Xuyang Group (01907) surged 25% intraday; as of the time of writing, the stock price increased by 22.89%, currently trading at HKD 3.49, with a turnover of HKD 730 million.

This morning, multiple major futures contracts in the chemical sector saw a sharp rise. Notably, the methanol futures contract surged over 10%.

It is worth noting that as China’s largest producer of methanol from coke oven gas, China Xuyang Group currently has an annual methanol production capacity of 600,000 tons, making it a key link in the company’s “alcohol-amine” industry chain. In addition, China Xuyang Group is also the world’s largest independent coke producer and a leading producer of caprolactam. In 2024, the company’s total revenue reached 47.543 billion yuan, with chemical business revenue of 20.729 billion yuan, accounting for 43.6% of total revenue, making it the company’s largest revenue segment.

(Editor: Wang Zhiqiang HF013)

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