Stock Code: 002493 Stock Abbreviation: Rongsheng Petrochemical Announcement No.: 2026-007
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:
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 department(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/decrease in the
Same period of the previous current reporting period
Current reporting period
year over the same period of
the previous year (%)
Operating income (RMB) 60,629,357,967.14 74,975,429,161.64 -19.13%
Net profit attributable to
shareholders of the listed 2,815,287,974.96 588,401,349.75 378.46%
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 reporting
End of the reporting period End of last year
period over the end of last
year
Total assets (RMB) 406,982,388,320.48 386,633,124,294.10 5.26%
Owner’s equity attributable
to shareholders of the listed 46,378,845,465.55 43,593,522,953.92 6.39%
company (RMB)
(II) Items and amounts of non-recurring gain and loss
RApplicable □Not applicable
Unit: RMB
Amount in the current reporting
Item
period
Gains or losses on disposal of non-current assets (including the part 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 enjoyed based on specified standards, and have a continuous impact
on the Company's gains or losses)
Gains or losses from changes in fair value of financial assets and financial liabilities held
by non-financial enterprises, and gains or losses from disposal of financial assets and
-312,951,442.89
financial liabilities, except for effective hedging business related to the Company's normal
operations
Fund possession cost included in current profit or loss charged to non-financial enterprises 76,415.09
Other non-operating revenues and expenditures except for the aforementioned items 566,242.97
Other gain/loss items falling within the definition of non-recurring gains or losses 9,540,836.96
Less: Affected amount of income tax -45,927,320.82
Affected amount of minority shareholders’ equity (after tax) -41,339,465.33
Total -214, 035,396.03
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 the fluctuation in the
Derivative financial
assets
end of the period.
Receivables Mainly due to the increase in bank
financing acceptance bills received for goods.
Mainly due to the increase in prepayments
Prepayments 288,917.54 214,059.88 34.97%
for raw materials.
Mainly due to the fluctuation in the
Derivative financial
liabilities
end of the period.
Employee Mainly due to the decrease in unpaid
remuneration 52,298.95 112,581.50 -53.55% employee compensation at the end of the
payable period.
Taxes payable consumption tax payable at the end of the
period.
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 the decrease
Taxes and
surcharges
current period.
Mainly due to the year-on-year variation
Other income 10,923.80 82,268.99 -86.72%
in the value-added tax deduction.
Mainly due to the year-on-year variation
Investment income -2,629.66 14,941.37 -117.60%
in the Company's paper futures income.
Mainly due to the year-on-year variation
Gains from change
-16,887.93 -10,991.67 -53.64% in the Company's paper swaps floating
in fair value
gains.
Losses from credit Mainly due to the impact of the provision
-1,527.36 904.31 -268.90%
impairment for bad debts of accounts receivable.
Mainly due to the impact of the
Losses from asset
-415.92 -8,649.73 95.19% Company's provision for inventory write-
impairment
down.
Mainly due to the increase in profit and
Income tax expenses 89,733.94 11,392.67 687.65% the corresponding increase in income tax
expense.
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
state-owned 55.05% 5,499,301,781 0 N/A 0
Group Co., Ltd.
legal entity
Foreign legal
Aramco Overseas Company B.V. 10.14% 1,012,552,501 0 N/A 0
entity
Domestic
Li Shuirong 6.44% 643,275,000 482,456,250 N/A 0
individual
Hong Kong Securities Clearing Foreign legal
Company Limited entity
Domestic
Li Guoqing 0.97% 96,525,000 96,525,000 N/A 0
individual
Domestic
Xu Yuejuan 0.97% 96,525,000 0 N/A 0
individual
Domestic
Li Yongqing 0.97% 96,525,000 72,393,750 N/A 0
individual
Horizon Asset - Huaneng
Trust · Jiayue No. 7 Single Fund
Others 0.55% 55,148,287 0 N/A 0
Trust Horizon Asset Huixin No. 43
Single Asset Management Plan
Huatai Securities Co., Ltd. -
Penghua CSI Sub-Sector Chemical Others 0.54% 53,854,548 0 N/A 0
Industry Theme ETF
Huaneng Guicheng Trust
Corporation Limited - Huaneng
Others 0.50% 50,078,500 0 N/A 0
Trust - Rongyue Weicheng Pooled
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 187,170,132 187,170,132
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
Huatai Securities Co., Ltd. - Penghua CSI Sub-Sector RMB ordinary
Chemical Industry Theme ETF 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 Li
action among the above Shuirong, forming associated relationships. In addition to the above associated relationships, the
shareholders 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. holds 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 an ordinary 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.
March 31, 2026
Unit: RMB
Items Ending balance Beginning balance
Current assets:
Cash and cash equivalents 21,789,743,365.66 13,499,669,478.84
Settlement reserves
Lending funds
Financial assets held for trading
Derivative financial assets 428,709,470.34 278,828,802.69
Notes receivable
Accounts receivable 3,254,747,485.44 3,169,305,362.31
Receivables financing 632,709,422.57 83,421,123.96
Prepayments 2,889,175,438.35 2,140,598,833.96
Premiums receivable
Reinsurance receivables
Reinsurance contract reserves receivable
Other receivables 4,642,676,881.41 4,925,104,317.10
Of which: Interest receivable
Dividends receivable
Financial assets purchased under resale agreements
Inventory 41,591,554,903.31 33,576,127,180.92
Of which: data resources
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 7,009,284,714.80 7,280,589,936.07
Total current assets 82,238,601,681.88 64,953,645,035.85
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 9,991,650,787.94 9,764,207,212.23
Other equity instrument investments
Other non-current financial assets
Investment property 9,784,821.10 9,852,682.60
Fixed assets 254,673,441,859.15 259,757,528,525.39
Construction in progress 45,828,032,419.22 37,854,167,659.20
Productive biological assets
Oil and gas assets
Right-of-use assets 30,635,297.83 27,062,072.00
Intangible assets 9,035,079,475.63 9,085,688,449.26
Of which: data resources
Development expenses
Of which: data resources
Goodwill
Long-term prepaid expenses
Deferred tax assets 1,650,703,257.36 1,702,308,467.27
Other non-current assets 3,524,458,720.37 3,478,664,190.30
Total non-current assets 324,743,786,638.60 321,679,479,258.25
Total assets 406,982,388,320.48 386,633,124,294.10
Current liabilities:
Short-term borrowings 52,790,898,741.83 50,196,656,887.59
Borrowings from the central bank
Placements from other banks
Financial liabilities held for trading
Derivative financial liabilities 355,398,498.99 254,957,356.99
Notes payable 1,602,865,621.00 1,823,730,094.93
Accounts payable 63,851,322,219.62 58,958,528,675.95
Advance receipts
Contract liabilities 2,903,373,637.59 4,083,450,306.60
Financial assets sold under repurchase agreements
Deposits and interbank deposits
Agency securities trading funds
Agency underwriting securities funds
Employee compensation payable 522,989,463.35 1,125,814,964.88
Taxes payable 1,388,798,779.32 2,645,167,588.84
Other payables 9,731,165,867.24 8,699,387,532.24
Of which: Interest payable
Dividends payable
Handling charges and commission payable
Reinsurance payables
Liabilities held for sale
Non-current liabilities due within one year 31,710,019,235.28 35,466,338,269.58
Other current liabilities 1,716,002,630.45 1,867,329,013.92
Total current liabilities 166,572,834,694.67 165,121,360,691.52
Non-current liabilities:
Reserves for insurance contracts
Long-term borrowings 136,321,625,290.26 122,459,201,307.70
Bonds payable
Of which: Preferred shares
Perpetual bond
Lease liabilities 9,254,485.33
Long-term payable
Long-term employee compensation payable
Provisions 44,160,774.54 43,782,604.66
Deferred income 462,543,588.89 392,706,559.60
Deferred income tax liabilities 1,585,269,548.51 1,624,234,093.37
Other non-current liabilities
Total non-current liabilities 138,422,853,687.53 124,519,924,565.33
Total liabilities 304,995,688,382.20 289,641,285,256.85
Owner’s equity:
Share capital 9,989,442,254.00 9,989,442,254.00
Other equity instruments
Of which: Preferred shares
Perpetual bond
Capital reserve 8,957,907,496.53 8,958,186,957.39
Less: Treasury stock 4,988,804,885.93 4,988,804,885.93
Other comprehensive income 36,103,609.34 86,668,890.53
Special reserves 76,683,884.64 55,804,605.92
Surplus reserves 1,270,743,066.03 1,270,743,066.03
General risk provision
Undistributed profits 31,036,770,040.94 28,221,482,065.98
Total owner’s equity attributable to the parent company 46,378,845,465.55 43,593,522,953.92
Minority interests 55,607,854,472.73 53,398,316,083.33
Total owners' equity 101,986,699,938.28 96,991,839,037.25
Total liabilities and owners' equity 406,982,388,320.48 386,633,124,294.10
Legal representative: Li Shuirong Person in charge of accounting work: Wang Yafang Person in charge of the accounting department: Zhang Shaoying
Unit: RMB
Amount incurred in
Item Current amount incurred
the previous period
I. Gross operating income 60,629,357,967.14 74,975,429,161.64
Of which: Operating income 60,629,357,967.14 74,975,429,161.64
Interest income
Premiums earned
Handling charge and commission income
II. Gross operating costs 54,615,454,325.61 74,402,019,860.72
Of which: Operating costs 48,689,308,671.17 64,519,073,624.35
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 2,984,912,849.58 6,465,002,839.83
Sales expense 35,198,527.39 37,784,384.91
Administrative expenses 245,806,839.24 199,661,800.06
R&D expenses 1,151,088,019.54 1,472,788,785.89
Financial expenses 1,509,139,418.69 1,707,708,425.68
Of which: Interest expense 1,610,564,795.66 1,697,126,918.88
Interest income 55,352,889.29 87,901,390.00
Add: Other income 109,237,987.38 822,689,910.27
Investment income (loss recognized with "-") -26,296,584.77 149,413,730.60
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 -168,879,277.84 -109,916,661.41
Loss on credit impairment (losses recognized with "-") -15,273,585.76 9,043,116.57
Loss on assets impairment (losses recognized with "-") -4,159,198.45 -86,497,294.03
Gains (losses recognized with "-") on disposal of assets 1,367.96
III. Operating profit (losses recognized with "-") 5,908,534,350.05 1,358,142,102.92
Add: Non-operating income 1,720,177.33 759,220.16
Less: Non-operating expenses 1,153,934.36 13,682,819.19
IV. Total profit (total losses recognized with "-") 5,909,100,593.02 1,345,218,503.89
Less: Income tax expense 897,339,432.70 113,926,687.27
V. Net profit (net loss recognized with "-") 5,011,761,160.32 1,231,291,816.62
(i) by business continuity
with "-")
with "-")
(ii) by ownership
(net losses recognized with "-")
recognized with "-")
VI. Other comprehensive income after tax -57,072,941.81 -93,912,489.85
Other comprehensive income attributable to owners of the parent
-50,565,281.19 -88,371,085.35
company after tax
(i) Other comprehensive income which cannot be reclassified to
gains and losses
gains or losses under the equity method
instruments
(ii) Other comprehensive income to be reclassified to gains or
-50,565,281.19 -88,371,085.35
losses
or losses under the equity method
comprehensive income
-59,050,763.31 -2,535,320.90
statements
Other comprehensive income attributable to minority shareholders
-6,507,660.62 -5,541,404.50
after tax
VII. Total comprehensive income 4,954,688,218.51 1,137,379,326.77
(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 0.29 0.06
(ii) Diluted earnings per share 0.29 0.06
Legal representative: Li Shuirong Person in charge of accounting work: Wang Yafang Person in charge of the accounting department: 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 64,783,100,382.62 84,657,306,364.47
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 2,454,977,501.27 1,279,835,331.52
Cash received relating to other operating activities 1,436,675,604.38 1,456,252,289.27
Subtotal of cash inflows for operating activities 68,674,753,488.27 87,393,393,985.26
Cash paid for goods purchased and services received 51,969,657,398.68 69,267,409,395.37
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 1,374,714,707.93 1,423,588,401.74
Payments of all types of taxes 5,201,814,957.08 7,403,670,111.50
Cash paid relating to other operating activities 1,591,179,689.24 1,321,389,727.69
Subtotal of cash outflows from operating activities 60,137,366,752.93 79,416,057,636.30
Net cash flow from operating activities 8,537,386,735.34 7,977,336,348.96
II. Cash flows from investing activities:
Cash received from investment recovery 1,502,266,736.00 895,723,709.01
Cash received from the return on investment 236,763.70 5,000,000.00
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 14,144,325.00 32,258,640.12
Subtotal of cash inflows from investing activities 1,517,815,857.46 936,602,580.24
Cash paid to acquire fixed assets, intangible assets and other long-
term assets
Cash paid for investments 1,727,077,211.78 586,481,324.68
Net increase in pledge loans
Net cash paid for acquisition of subsidiaries and other business units
Cash paid relating to other investing activities 5,231,900.00 35,191,149.01
Subtotal of cash outflows from investing activities 12,387,880,788.01 9,295,873,858.47
Net cash flow from investment activities -10,870,064,930.55 -8,359,271,278.23
III. Cash flow from financing activities:
Cash received from attracted investment
Of which: cash received by subsidiaries from investments of
minority shareholders
Cash received from borrowings 55,203,742,277.84 33,368,092,582.16
Cash received relating to other financing activities 1,932,500,000.00 9,494,564,451.60
Subtotal of cash inflows from financing activities 57,136,242,277.84 42,862,657,033.76
Cash paid for repayment of debts 42,466,641,183.60 27,067,552,657.74
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 2,358,929,264.90 169,977,244.70
Subtotal of cash outflows from financing activities 46,647,348,204.01 29,110,809,952.46
Net cash flow from financing activities 10,488,894,073.83 13,751,847,081.30
IV. Effect of change in exchange rate on cash and cash equivalents 132,678,473.50 -9,486,969.00
V. Net increase in cash and cash equivalents 8,288,894,352.12 13,360,425,183.03
Add: opening balance of cash and cash equivalents 12,868,997,873.44 12,943,832,335.45
VI. Ending balance of cash and cash equivalents 21,157,892,225.56 26,304,257,518.48
(II) Financial statements related to adjustments to items at the beginning of the year of first-time
implementation of new accounting standards from 2026 onwards
□Applicable RNot applicable
(III) Audit report
Whether the First Quarterly Report has been audited
□Yes RNo
The First Quarterly Report of the Company has not been audited.
Board of Directors of Rongsheng Petrochemical Co., Ltd.
April 26, 2026
