Rongsheng Petrochemical: Net profit rose 1.34% to ¥888 million despite a 7.09% revenue decline year-over-year

Revenue and net profit declined year-over-year due to lower oil prices and global volatility, but the company maintained strong industry leadership, advanced its partnership with Saudi Aramco, and accelerated investment in high-end materials and green transformation. Strategic share buybacks and stable capital structure supported long-term growth.

Original document: Rongsheng Petrochemical Co., Ltd. Class A [002493] Interim report — Aug. 23 2025

Harbin Boshi Automation secured a 116-million-yuan contract from Rongsheng Petrochemical to supply rubber processing systems.

The deal, covering cutting or dissolving equipment with embedded software, is set for delivery by the end of February 2026, according to a Thursday filing with the Shenzhen bourse.

Rongsheng Petrochemical's net profit attributable to shareholders in the first quarter rose 6.5% to 588.4 million yuan from 552.4 million yuan a year earlier, according to a Shenzhen Stock Exchange disclosure on Wednesday.

Earnings per share remained at 0.06 yuan from the previous year.

The Chinese petrochemical company's operating income in the same period fell 7.5% year on year to almost 75 billion yuan from 81.1 billion yuan, the disclosure said.

The company's shares rose less than 2% in recent trade.

Q1 2025 revenue fell 7.54% year-over-year, but net profit rose 6.53% and operating cash flow nearly doubled, driven by improved receivables collection and cost controls. Non-recurring items and asset impairments impacted results.

Original document: Rongsheng Petrochemical Co., Ltd. Class A [002493] Interim report — Apr. 30 2025

Rongsheng Petrochemical posted 2024 net profit attributable to shareholders of 724.5 million yuan, down 37% from 1.16 billion yuan the previous year.

Earnings per share fell to 0.08 yuan from 0.12 yuan, according to a Friday filing with the Shenzhen bourse.

The petrochemical company's revenue inched down 0.4% year over year to 326.5 billion yuan from 325.1 billion yuan.

Rongsheng Petrochemical declared a dividend of 0.10 yuan per share

Shares of the company rose 1% in recent trade.

Rongsheng Petrochemical's 2024 revenue was RMB 326.48 billion (+0.42%), but net profit fell 37.44% to RMB 724 million. Strategic cooperation with Saudi Aramco deepened, and the company advanced in high-end materials and ESG, despite margin pressure and industry headwinds.

Original document: Rongsheng Petrochemical Co., Ltd. Class A [002493] Annual Report — Apr. 25 2025