Stock Code: 002493 Stock Abbreviation: Rongsheng Petrochemical Announcement No.: 2025-052
Rongsheng Petrochemical Co., Ltd.
The Company and all members of the Board of Directors confirm that the information
disclosed is true, accurate and complete, and has no false representations, misleading
statements or material omissions.
Important notice:
confirm that the contents in this quarterly report are true, accurate, and complete and have no false
representations, misleading statements or material omissions, and they shall severally and jointly accept legal
responsibility for such contents.
the accounting firm (accounting officer), hereby make representations in respect of the truthfulness, accuracy and
completeness of the financial statements in this quarterly report.
□Yes RNo
I. Key Financial Data
(I) Key accounting data and financial indicators
Whether the Company needs to retroactively adjust or restate prior years’ accounting data
□Yes RNo
Increase/dec-
rease from
beginning the
Increase/decrease in
Beginning of the of year to the
the current
year to the end of end of the
Current reporting period reporting period
the reporting reporting
over the sameperiod
period period over
last year
the same
period last
year
Operating income (RMB) 79,185,280,480.27 -5.67% 227,814,631,415.77 -7.09%
Net profit attributable to
shareholders of the listed 286,367,804.90 1,427.94% 888,451,909.29 1.34%
company (RMB)
Net profit attributable to
shareholders of the listed
company net of non-recurring
gains and losses (RMB)
Net cash flow from operating
activities (RMB)
Basic earnings per share
(RMB per share)
Diluted earnings per share
(RMB per share)
Weighted average return on
net assets
Increase/decrease at the end of the
End of the reporting period End of last year reporting period over the end of last
year
Total assets (RMB) 392,918,397,668.51 377,845,944,183.98 3.99%
Owner’s equity attributable
to shareholders of the listed 43,693,718,073.55 43,859,172,287.65 -0.38%
company (RMB)
(II) Items and amounts of non-recurring gain and loss
RApplicable □Not applicable
Unit:10,000 RMB
Amount from the
Amount in the current beginning of the year to
Item
reporting period the end of the reporting
period
Gains or losses on disposal of non-current assets (including the part
-958.30 -1,213.40
written-off with provision for asset impairment accrued)
Government grants recognized in current gains and losses (excluding
government grants that are closely related to the Company's normal
business operations, comply with national policy regulations, are 3,941.60 9,598.47
enjoyed based on specified standards, and have a continuous impact
on the Company's gains or losses)
Except for effective hedging business related to the normal business
operations of the Company, changes in gains and losses of fair value
arising from trading financial assets and financial liabilities held by -20,786.58 -41,095.85
non-financial enterprises, as well as gains or losses from the disposal
of financial assets and financial liabilities.
Fund possession cost included in current gains and losses charged to
non-financial enterprises
Other non-operating revenues and expenditures except for the
-965.08 -1,874.17
aforementioned items
Other gain/loss items falling within the definition of non-recurring
gains or losses
Less: Affected amount of income tax 2,256.83 5,418.03
Affected amount of minority shareholders’ equity (after tax) -13,913.54 -17,866.76
Total -2,793.61 -18,080.99
Other gain/loss items falling within the definition of non-recurring gain or loss:
□Applicable RNot applicable
There is no other gain/loss items falling within the definition of non-recurring gain or loss.
Explanation of the circumstances in which the non-recurring gain and loss items listed in the Explanatory
Announcement No. 1 on Information Disclosure of Companies Publicly Issuing Securities-Non-recurring
Gainsand Losses are defined as recurring gains and losses.
□Applicable RNot applicable
The Company experienced no circumstances in which the non-recurring gain and loss items listed in the
Explanatory Announcement No. 1 on Information Disclosure of Companies Publicly Issuing Securities-Non-
recurring Gainsand Losses are defined as recurring gains and losses.
(III) Changes in key accounting data and financial indicators and reasons thereof
RApplicable □Not applicable
Ending balance in
Ending balance of
the reporting
Balance sheet items the previous year Variations Reasons for change
period (RMB
(RMB 10,000)
Mainly due to changes in the Company's
Accounts receivable 265,978.95 682,197.17 -61.01%
accounts receivable
Mainly due to an increase in the
Prepayments 333,955.68 135,451.97 146.55%
Company's prepayments for raw materials
Mainly due to an increase in the
Other receivables 587,782.10 434,596.40 35.25%
Company's tax refund receivable
Construction in Mainly due to an increase in the
progress 6,051,210.07 4,403,613.21 37.41% Company's investment in projects under
construction
Other non-current Mainly due to an increase in the
assets Company's prepaid land payments
Trading financial Mainly due to an increase in the
liabilities 184,698.01 126,925.66 45.52% Company's silver catalyst leasing
activities
Derivative financial Mainly due to fluctuations in the
liabilities 0.00 3,465.54 -100.00% Company's paper futures positions at the
end of the period
Notes payable Mainly due to changes in the Company's
bank acceptance bills payable
Taxes payable Mainly due to an increase in the
period
Other payables Mainly due to an increase in the
the period
Deferred income Mainly due to the Company's receipt of
asset-related subsidies
Beginning of year
Same period last
Income statement to end of reporting
year(RMB Variations Reasons for change
items period (RMB
Mainly due to the impact of additional
Other income 114,070.48 197,962.34 -42.38% value-added tax credit policy on the
Company during the current period
Mainly due to the Company’s transfer of
Investment income 33,637.59 -12,782.08 363.16% discount expenses of notes receivable and
other items to financial expenses,
according to the regulation of Compilation
of the Guidance on the Application of
AccountingStandards for Business
Enterprises(2024)
Gains from change Mainly due to changes in the fair value of
-52,807.59 8,237.06 -741.10%
in fair value the Company's trading financial liabilities
Mainly due to the impact of the
Losses from credit
impairment
accounts receivable
Mainly due to the impact of the
Losses from asset
-15,922.18 -101.38 -15604.68% Company's accrual of inventory write
impairment
down
Gains from asset Mainly due to the impact of the
-7.10 506.87 -101.40%
disposal Company's long-term asset disposal
Non-operating Mainly due to the impact of compensation
income income
Mainly due to the increase in profits and
Income tax expenses 40,679.52 29,816.45 36.43% the corresponding increase in income tax
expenses
Beginning of the
year to the end of Same period last
Cash flow
the reporting year (RMB Variations Reasons for change
statement items
period (RMB 10,000)
Net cash flow from Mainly due to a year-on-year decrease of
financing activities bank borrowings by the Company
II. Shareholders’ Information
(I) Total number of ordinary shareholders and number of preferred shareholders with voting rights
restored and top ten shareholders’ shareholdings
Unit：share
Total number of preferred
Total number of ordinary shareholders at the end of shareholders with restored voting
the reporting period rights at the end of the reporting
period (if any)
Shareholding of the Top 10 Shareholders (excluding shares lent out through refinancing)
Number of Pledge, marking or
shares held freezing
Nature of Shareholding Number of with
Name of shareholders
shareholders ratio shares held limited Share
sales Number
status
conditions
Domestic non-
Zhejiang Rongsheng Holding Inapp-
state-owned 55.05% 5,499,301,781 0 0
Group Co., Ltd. licable
legal entity
Foreign legal Inapp-
Aramco Overseas Company B.V. 10.14% 1,012,552,501 0 0
entity licable
Domestic Inapp-
Li Shuirong 6.44% 643,275,000 482,456,250 0
individual licable
Hong Kong Securities Clearing Foreign legal Inapp-
Company Limited entity licable
Domestic Inapp-
Li Guoqing 0.97% 96,525,000 72,393,750 0
individual licable
Domestic Inapp-
Xu Yuejuan 0.97% 96,525,000 0 0
individual licable
Domestic Inapp-
Li Yongqing 0.97% 96,525,000 72,393,750 0
individual licable
Horizon Asset - Huaneng
Trust · Jiayue No. 7 Single Fund Inapp-
Others 0.55% 55,148,287 0 0
Trust Horizon Asset Huixin No. 43 licable
Single Asset Management Plan
Industrial and Commercial Bank of
China Limited - Huatai Berridge Inapp-
Others 0.52% 51,974,251 0 0
CSI 300 Traded Open-End Index licable
Fund
Huaneng Guicheng Trust
Corporation Limited - Huaneng Inapp-
Others 0.50% 50,078,500 0 0
Trust - Rongyue Weicheng Pooled licable
Fund Trust Plan
Shareholding of top 10 shareholders not subject to sales restrictions (excluding shares lent through refinancing and
executive lock-in shares)
Number of shares held with Class and number of shares
Name of shareholders
unlimited sales conditions Class of shares Number
RMB ordinary
Zhejiang Rongsheng Holding Group Co., Ltd. 5,499,301,781 5,499,301,781
shares
RMB ordinary
Aramco Overseas Company B.V. 1,012,552,501 1,012,552,501
shares
RMB ordinary
Hong Kong Securities Clearing Company Limited 190,894,349 190,894,349
shares
RMB ordinary
Li Shuirong 160,818,750 160,818,750
shares
RMB ordinary
Xu Yuejuan 96,525,000 96,525,000
shares
Horizon Asset - Huaneng Trust · Jiayue No. 7 Single
RMB ordinary
Fund Trust Horizon Asset Huixin No. 43 Single Asset 55,148,287 55,148,287
shares
Management Plan
Industrial and Commercial Bank of China Limited - RMB ordinary
Huatai Berridge CSI 300 Traded Open-End Index Fund shares
Huaneng Guicheng Trust Corporation Limited -
RMB ordinary
Huaneng Trust - Rongyue Weicheng Pooled Fund Trust 50,078,500 50,078,500
shares
Plan
RMB ordinary
Dai Deming 48,000,000 48,000,000
shares
RMB ordinary
Ni Xincai 47,925,000 47,925,000
shares
Among the top 10 shareholders, Zhejiang Rongsheng Holding Group Co., Ltd. is the controlling
Explanation of the shareholder of the Company, Xu Yuejuan is sister-in-law of Li Shuirong, Chairman of the Board
relationship or concerted of Directors of Zhejiang Rongsheng Holding Group Co., Ltd. Ni Xincai is brother-in-law of
action among the above Lishuirong, forming associated relationships. In addition to the above associated relationships,
shareholders the Company has no knowledge of whether other shareholders are related to each other or act in
concert.
Explanation of the top 10
Zhejiang Rongsheng Holding Group Co., Ltd. held 5,459,301,781 shares through an ordinary
shareholders’ participation in
account and 40,000,000 shares through a credit account. Dai Deming holds 2,000,000 shares
securities margin trading (if
through a general account and 46,000,000 shares through a credit account.
any)
Note: Among the top 10 shareholders, Rongsheng Petrochemical Co., Ltd. held 417,150,112 shares in its special securities account
for repurchase, accounting for 4.18% of the Company’s total share capital.
The lending of shares by the shareholders holding more than 5% of shares, top ten shareholders and top ten
shareholders of circulating shares not subject to selling restrictions in the refinancing business
□Applicable RNot applicable
Change from the previous period due to lending/returning of shares from/to the top ten shareholders and top ten
shareholders of circulating shares not subject to selling restrictions in the refinancing business
□Applicable RNot applicable
(II) The total number of shareholders of preferred shares of the Company and the shareholdings of the
top10 shareholders of preferred shares
□Applicable RNot applicable
III. Other Important Matters
□Applicable RNot applicable
IV. Quarterly Financial Statements
(I) Financial statements
Prepared by: Rongsheng Petrochemical Co., Ltd.
Unit: RMB
Items Ending balance Beginning balance
Current assets:
Cash and cash equivalents 22,271,350,778.28 14,833,384,920.45
Settlement reserves
Lending funds
Financial assets held for trading
Derivative financial assets 493,258,402.70 475,766,685.17
Notes receivable
Accounts receivable 2,659,789,497.73 6,821,971,706.36
Receivables financing 105,394,227.38 103,225,654.46
Advance payment 3,339,556,819.71 1,354,519,708.48
Premiums receivable
Reinsurance receivables
Reinsurance contract reserves receivable
Other receivables 5,877,821,020.57 4,345,964,007.66
Of which: Interest receivable
Dividends receivable
Financial assets purchased under resale agreements
Inventory 42,000,717,189.76 44,566,934,616.59
Of which: data resources
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 5,742,356,687.38 5,801,152,355.65
Total current assets 82,490,244,623.51 78,302,919,654.82
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 9,679,826,709.95 9,516,636,321.17
Other equity instrument investments
Other non-current financial assets
Investment property 9,920,544.10 10,124,128.60
Fixed assets 224,935,304,648.67 232,497,113,015.70
Construction in progress 60,512,100,664.56 44,036,132,096.28
Productive biological assets
Oil and gas assets
Right-of-use assets 161,023,698.85 176,237,821.55
Intangible assets 8,596,963,104.71 8,142,781,094.80
Of which: data resources
Development expenses
Of which: data resources
Goodwill
Long-term deferred expenses
Deferred tax assets 1,405,292,196.30 1,237,176,277.28
Other non-current assets 5,127,721,477.86 3,926,823,773.78
Total non-current assets 310,428,153,045.00 299,543,024,529.16
Total assets 392,918,397,668.51 377,845,944,183.98
Current liabilities:
Short-term borrowings 50,829,147,848.50 44,090,969,803.23
Borrowings from the central bank
Borrowings from other banks
Financial liabilities held for trading 1,846,980,093.88 1,269,256,561.53
Derivative financial liabilities 34,655,378.23
Notes payable 2,117,446,425.36 3,204,293,497.95
Accounts payable 58,994,671,244.30 59,032,829,819.11
Advance receipts
Contract liabilities 4,659,663,468.78 5,995,580,462.05
Financial assets sold under repurchase agreements
Deposits and interbank deposits
Agency securities trading funds
Agency underwriting securities funds
Employee compensation payable 897,142,688.75 996,809,278.49
Taxes payable 1,753,481,969.42 1,277,862,468.64
Other accounts payable 10,816,513,127.02 6,588,756,879.48
Of which: Interest payable
Dividends payable
Handling charges and commission payable
Reinsurance payables
Liabilities held for sale
Non-current liabilities due within one year 42,092,433,052.37 38,322,495,216.94
Other current liabilities 588,044,626.84 742,351,889.84
Total current liabilities 174,595,524,545.22 161,555,861,255.49
Non-current liabilities:：
Reserves for insurance contracts
Long-term borrowings 119,777,409,720.82 119,518,340,862.41
Bonds payable
Of which: Preferred shares
Perpetual bond
Lease liabilities 157,692,328.01 171,624,458.34
Long-term payable
Long-term employee compensation payable
Estimated liabilities 15,643,579.38
Deferred income 282,432,874.00 198,629,966.29
Deferred income tax liabilities 1,644,828,929.78 1,577,357,341.78
Other non-current liabilities
Total non-current liabilities 121,878,007,431.99 121,465,952,628.82
Total liabilities 296,473,531,977.21 283,021,813,884.31
Owner’s equity:
Share capital 9,989,442,254.00 10,125,525,000.00
Other equity instruments
Of which: Preferred shares
Perpetual bond
Capital reserve 8,957,966,424.83 10,819,566,635.04
Less: Treasury stock 4,988,804,885.93 6,987,008,823.24
Other comprehensive income 129,110,803.06 280,892,216.98
Special reserves 73,640,711.06 19,057,187.43
Surplus reserves 1,270,743,066.03 1,270,743,066.03
General risk provision
Undistributed profits 28,261,619,700.50 28,330,397,005.41
Total owner’s equity attributable to the parent company 43,693,718,073.55 43,859,172,287.65
Minority interests 52,751,147,617.75 50,964,958,012.02
Total owners' equity 96,444,865,691.30 94,824,130,299.67
Total liabilities and owners' equity 392,918,397,668.51 377,845,944,183.98
Legal representative: Li Shuirong Person in charge of accounting work: Wang Yafang Person in charge of the accounting firm:
Zhang Shaoying
Unit: RMB
Amount incurred in
Item Current amount incurred
the previous period
I. Gross operating income 227,814,631,415.77 245,196,312,192.22
Of which: Operating income 227,814,631,415.77 245,196,312,192.22
Interest income
Premiums earned
Handling charge and commission income
II. Gross operating costs 225,633,293,088.67 244,885,600,066.20
Of which: Operating costs 198,409,895,741.13 215,370,264,931.91
Interest expense
Handling charge and commission expenses
Surrender value
Net payments for insurance claims
Net appropriation of reserves for insurance liability
Policy dividend payment
Reinsurance costs
Taxes and surcharges 18,076,808,342.23 19,424,672,923.43
Sales expense 121,458,569.43 138,759,022.60
Administrative expenses 736,266,648.06 792,128,845.68
R&D expenses 3,521,999,063.95 3,772,813,961.10
Financial expenses 4,766,864,723.87 5,386,960,381.48
Of which: Interest expense 4,876,958,184.12 5,231,950,312.07
Interest income 312,669,346.16 387,056,811.27
Add: Other income 1,140,704,840.27 1,979,623,413.17
Investment income (loss recognized with "-") 336,375,941.52 -127,820,753.53
Of which: Income from investments in associates and
joint ventures
Gains on derecognition of financial assets
measured at amortized cost
Exchange gains (losses recognized with "-")
Net exposure to hedging gains (losses recognized with "-")
Gains (losses recognized with "-") on change in fair value -528,075,920.26 82,370,581.01
Loss on credit impairment (losses recognized with "-") 94,109,252.02 -104,498,154.44
Loss on assets impairment (losses recognized with "-") -159,221,794.59 -1,013,849.48
Gains (losses recognized with "-") on disposal of assets -71,005.85 5,068,742.88
III. Operating profit (losses recognized with "-") 3,065,159,640.21 2,144,442,105.63
Add: Non-operating income 4,721,492.26 8,002,004.37
Less: Non-operating expenses 35,525,246.33 50,190,268.80
IV. Total profit (total losses recognized with "-") 3,034,355,886.14 2,102,253,841.20
Less: Income tax expense 406,795,223.53 298,164,471.89
V. Net profit (net loss recognized with "-") 2,627,560,662.61 1,804,089,369.31
(i) by business continuity
with "-")
with "-")
(ii) by ownership
(net losses recognized with "-")
with "-")
VI. Other comprehensive income after tax -158,576,844.95 -25,003,927.66
Other comprehensive income attributable to owners of the parent
-151,781,413.92 -8,611,942.75
company after tax
(i) Other comprehensive income which cannot be reclassified to
-590,642.24
gains and losses
gains or losses under the equity method
instruments
(ii) Other comprehensive income to be reclassified to gains or
-151,781,413.92 -8,021,300.51
losses
-117,455,229.83 31,264,062.93
or losses under the equity method
comprehensive income
-34,326,184.09 -39,285,363.44
statements
Other comprehensive income attributable to minority shareholders
-6,795,431.03 -16,391,984.91
after tax
VII. Total comprehensive income 2,468,983,817.66 1,779,085,441.65
(i) Total comprehensive income attributable to owners of the
parent company
(ii) Total comprehensive income attributable to minority
shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.09 0.09
(ii) Diluted earnings per share 0.09 0.09
Legal representative: Li Shuirong Person in charge of accounting work: Wang Yafang Person in charge of the accounting firm:
Zhang Shaoying
Unit: RMB
Amount incurred in
Item Current amount incurred
the previous period
I. Cash flows from operating activities:
Cash received from sales of goods and services 256,080,407,861.85 275,403,353,930.66
Net increase in deposits from customers and other banks
Net increase in borrowing from central banks
Net increase in loans from other financial institutions
Cash received from receiving insurance premiums of original
insurance contracts
Net cash received from reinsurance business
Net increase in deposits and investment of the insured
Cash received from interest, handling charges and commissions
Net increase in borrowing funds
Net increase in repurchase business capital
Net cash received from securities trading agency
Refunds of taxes and levies 3,481,383,150.11 5,027,967,123.04
Cash received relating to other operating activities 3,240,445,239.89 3,289,326,469.98
Subtotal of cash inflows for operating activities 262,802,236,251.85 283,720,647,523.68
Cash paid for goods purchased and services received 213,931,539,755.26 241,595,326,477.71
Net increase in customers loans and advances
Net increase in deposits with the central bank and other banks
Cash paid for claims under original insurance contracts
Net increase in lending funds
Cash paid for interests, handling charges and commissions
Cash paid for policy dividends
Cash paid to and on behalf of employees 2,914,678,568.27 3,028,083,821.05
Payments of all types of taxes 20,257,608,260.93 17,474,462,782.72
Cash paid relating to other operating activities 2,051,524,676.08 1,906,313,297.90
Subtotal of cash outflows from operating activities 239,155,351,260.54 264,004,186,379.38
Net cash flow from operating activities 23,646,884,991.31 19,716,461,144.30
II. Cash flows from investing activities:
Cash received from investment recovery 2,458,873,338.98 2,117,925,440.32
Cash received from the return on investment 48,654,510.65 13,228,639.60
Net cash received from the disposal of fixed assets, intangible assets
and other long-term assets
Net cash received from the disposal of subsidiaries and other
business units
Cash received relating to other investing activities 45,808,000.11 59,442,128.95
Subtotal of cash inflows from investing activities 2,556,989,081.71 2,449,995,568.79
Cash paid for purchase and construction of fixed assets, intangible
assets and other long-term assets
Cash paid for investments 2,896,603,472.09 1,811,183,298.84
Net increase in pledge loans
Net cash paid for acquisition of subsidiaries and other business units
Cash paid relating to other investing activities 51,538,878.04 78,973,342.66
Subtotal of cash outflows from investing activities 27,136,410,307.70 26,361,756,616.04
Net cash flow from investment activities -24,579,421,225.99 -23,911,761,047.25
III. Cash flow from financing activities:
Cash received from attracted investment 228,000,000.00
Of which: cash received by subsidiaries from investments of
minority shareholders
Cash received from borrowings 106,087,834,844.59 100,091,778,736.68
Cash received relating to other financing activities 7,123,364,422.71 33,099,227,104.29
Subtotal of cash inflows from financing activities 113,211,199,267.30 133,419,005,840.97
Cash paid for repayment of debts 95,265,003,738.35 98,277,461,250.13
Cash paid for distribution of dividends and profits or payment of
interests
Of which: dividends or profits paid by subsidiaries to minority
shareholders
Cash paid relating to other financing activities 1,863,946,378.47 7,190,024,667.49
Subtotal of cash outflows from financing activities 103,682,375,686.73 112,570,179,566.47
Net cash flow from financing activities 9,528,823,580.57 20,848,826,274.50
IV. Effect of change in exchange rate on cash and cash equivalents 5,501,733.27 -245,375,624.97
V. Net increase in cash and cash equivalents 8,601,789,079.16 16,408,150,746.58
Add: opening balance of cash and cash equivalents 12,943,832,335.45 11,486,855,097.52
VI. Ending balance of cash and cash equivalents 21,545,621,414.61 27,895,005,844.10
(II) Financial statements related to adjustments to items at the beginning of the year of first-time
implementation of new accounting standards from 2025 onwards
□Applicable RNot applicable
(III) Audit report
Whether the First Quarterly Report has been audited
□Yes RNo
The Third Quarterly Report of the Company has not been audited.
Board of Directors of Rongsheng Petrochemical Co., Ltd.
October 28, 2025
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