2025 Third Quarterly Report

Stock Code: 002493 Stock Abbreviation: Rongsheng Petrochemical Announcement No.: 2025-052

Rongsheng Petrochemical Co. Ltd.2025 Third Quarterly Report

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:

1. The Board of Directors the Board of Supervisors and the directors supervisors and senior management

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.

2. The chairman of the Company the person in charge of the Company’s accounting and the person in charge of

the accounting firm (accounting officer) hereby make representations in respect of the truthfulness accuracy and

completeness of the financial statements in this quarterly report.

3. Whether the Third Quarterly Report has been audited

□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

Increase/decrease in beginning the

the current Beginning of the of year to the

Current reporting period reporting period year to the end of end of the

over the sameperiod the reporting reporting

last year period period over the same

period last

year

Operating income (RMB) 79185280480.27 -5.67% 227814631415.77 -7.09%

12025 Third Quarterly Report

Net profit attributable to

shareholders of the listed 286367804.90 1427.94% 888451909.29 1.34%

company (RMB)

Net profit attributable to

shareholders of the listed

company net of non-recurring 314303932.85 1887.27% 1069261824.44 55.37%

gains and losses (RMB)

Net cash flow from operating

activities (RMB) 23646884991.31 19.93%

Basic earnings per share

(RMB per share) 0.03 1413.45% 0.09 -

Diluted earnings per share

(RMB per share) 0.03 1413.45% 0.09 -

Weighted average return on

net assets 0.66% 0.60% 2.03% 0.04%

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) 392918397668.51 377845944183.98 3.99%

Owner’s equity attributable

to shareholders of the listed 43693718073.55 43859172287.65 -0.38%

company (RMB)

(II) Items and amounts of non-recurring gain and loss

RApplicable □Not applicable

Unit:10000 RMB

Amount from the

Item Amount in the current beginning of the year to reporting period the end of the reporting

period

Gains or losses on disposal of non-current assets (including the part

written-off with provision for asset impairment accrued) -958.30 -1213.40

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 3941.60 9598.47

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 -20786.58 -41095.85

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 7.81 25.42

Other non-operating revenues and expenditures except for the

aforementioned items -965.08 -1874.17

Other gain/loss items falling within the definition of non-recurring

gains or losses 4310.23 4029.81

Less: Affected amount of income tax 2256.83 5418.03

Affected amount of minority shareholders’ equity (after tax) -13913.54 -17866.76

Total -2793.61 -18080.99

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

22025 Third Quarterly Report

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

Balance sheet items the reporting period (RMB the previous year Variations Reasons for change

10000) (RMB 10000)

Accounts receivable 265978.95 682197.17 -61.01% Mainly due to changes in the Company's accounts receivable

Prepayments 333955.68 135451.97 146.55% Mainly due to an increase in the Company's prepayments for raw materials

Other receivables 587782.10 434596.40 35.25% Mainly due to an increase in the Company's tax refund receivable

Construction in Mainly due to an increase in the

progress 6051210.07 4403613.21 37.41% Company's investment in projects under

construction

Other non-current

assets 512772.15 392682.38 30.58%

Mainly due to an increase in the

Company's prepaid land payments

Trading financial Mainly due to an increase in the

liabilities 184698.01 126925.66 45.52% Company's silver catalyst leasing

activities

Derivative financial Mainly due to fluctuations in the

liabilities 0.00 3465.54 -100.00% Company's paper futures positions at the

end of the period

Notes payable 211744.64 320429.35 -33.92% Mainly due to changes in the Company's bank acceptance bills payable

Taxes payable Mainly due to an increase in the

175348.20 127786.25 37.22% Company's VAT payable at the end of the

period

Other payables Mainly due to an increase in the

1081651.31 658875.69 64.17% Company's accounts payable at the end of

the period

Deferred income 28243.29 19863.00 42.19% Mainly due to the Company's receipt of asset-related subsidies

Beginning of year

Income statement to end of reporting Same period last

items period (RMB year(RMB Variations Reasons for change

10000)10000)

Mainly due to the impact of additional

Other income 114070.48 197962.34 -42.38% value-added tax credit policy on the

Company during the current period

Mainly due to the Company’s transfer of

Investment income 33637.59 -12782.08 363.16% discount expenses of notes receivable and

other items to financial expenses

according to the regulation of Compilation

32025 Third Quarterly Report

of the Guidance on the Application of

AccountingStandards for Business

Enterprises(2024)

Gains from change Mainly due to changes in the fair value of

in fair value -52807.59 8237.06 -741.10% the Company's trading financial liabilities

Losses from credit Mainly due to the impact of the

impairment 9410.93 -10449.82 190.06% Company's accrual for bad debts of accounts receivable

Losses from asset Mainly due to the impact of the

impairment -15922.18 -101.38 -15604.68% Company's accrual of inventory write down

Gains from asset -7.10 506.87 -101.40% Mainly due to the impact of the disposal Company's long-term asset disposal

Non-operating Mainly due to the impact of compensation

income 472.15 800.20 -41.00% income

Mainly due to the increase in profits and

Income tax expenses 40679.52 29816.45 36.43% the corresponding increase in income tax

expenses

Beginning of the

Cash flow year to the end of Same period last

statement items the reporting year (RMB Variations Reasons for change period (RMB 10000)

10000)

Net cash flow from

952882.362084882.63-54.30%

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 73726 shareholders with restored voting the reporting period rights at the end of the reporting 0

period (if any)

Shareholding of the Top 10 Shareholders (excluding shares lent out through refinancing)

Number of Pledge marking or

shares held freezing

Name of shareholders Nature of Shareholding Number of with shareholders ratio shares held limited Share

sales status Number

conditions

Zhejiang Rongsheng Holding Domestic non-

Group Co. Ltd. state-owned 55.05% 5499301781 0

Inapp-

legal entity licable

0

Aramco Overseas Company B.V. Foreign legal 10.14% 1012552501 0 Inapp-entity licable 0

Li Shuirong Domestic Inapp-individual 6.44% 643275000 482456250 licable 0

Hong Kong Securities Clearing Foreign legal Inapp-

Company Limited entity 1.91% 190894349 0 licable 0

42025 Third Quarterly Report

Li Guoqing Domestic individual 0.97% 96525000 72393750

Inapp-

licable 0

Xu Yuejuan Domestic individual 0.97% 96525000 0

Inapp-

licable 0

Li Yongqing Domestic individual 0.97% 96525000 72393750

Inapp-

licable 0

Horizon Asset - Huaneng

Trust · Jiayue No. 7 Single Fund Inapp-

Trust Horizon Asset Huixin No. 43 Others 0.55% 55148287 0 licable 0

Single Asset Management Plan

Industrial and Commercial Bank of

China Limited - Huatai Berridge Inapp-

CSI 300 Traded Open-End Index Others 0.52% 51974251 0 licable 0

Fund

Huaneng Guicheng Trust

Corporation Limited - Huaneng Inapp-

Trust - Rongyue Weicheng Pooled Others 0.50% 50078500 0 licable 0

Fund Trust Plan

Shareholding of top 10 shareholders not subject to sales restrictions (excluding shares lent through refinancing and

executive lock-in shares)

Class and number of shares

Name of shareholders Number of shares held with unlimited sales conditions Class of shares Number

Zhejiang Rongsheng Holding Group Co. Ltd. 5499301781 RMB ordinary shares 5499301781

Aramco Overseas Company B.V. 1012552501 RMB ordinary shares 1012552501

Hong Kong Securities Clearing Company Limited 190894349 RMB ordinary shares 190894349

Li Shuirong 160818750 RMB ordinary shares 160818750

Xu Yuejuan 96525000 RMB ordinary shares 96525000

Horizon Asset - Huaneng Trust · Jiayue No. 7 Single

Fund Trust Horizon Asset Huixin No. 43 Single Asset 55148287 RMB ordinary

Management Plan shares

55148287

Industrial and Commercial Bank of China Limited - RMB ordinary

Huatai Berridge CSI 300 Traded Open-End Index Fund 51974251 shares 51974251

Huaneng Guicheng Trust Corporation Limited -

Huaneng Trust - Rongyue Weicheng Pooled Fund Trust 50078500 RMB ordinary

Plan shares

50078500

Dai Deming 48000000 RMB ordinary shares 48000000

Ni Xincai 47925000 RMB ordinary shares 47925000

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

shareholders’ participation in Zhejiang Rongsheng Holding Group Co. Ltd. held 5459301781 shares through an ordinary

securities margin trading (if account and 40000000 shares through a credit account. Dai Deming holds 2000000 shares

any) through a general account and 46000000 shares through a credit account.

52025 Third Quarterly Report

Note: Among the top 10 shareholders Rongsheng Petrochemical Co. Ltd. held 417150112 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

1. Consolidated balance sheet

Prepared by: Rongsheng Petrochemical Co. Ltd.Unit: RMB

Items Ending balance Beginning balance

Current assets:

Cash and cash equivalents 22271350778.28 14833384920.45

Settlement reserves

Lending funds

Financial assets held for trading

Derivative financial assets 493258402.70 475766685.17

Notes receivable

Accounts receivable 2659789497.73 6821971706.36

Receivables financing 105394227.38 103225654.46

Advance payment 3339556819.71 1354519708.48

Premiums receivable

Reinsurance receivables

Reinsurance contract reserves receivable

Other receivables 5877821020.57 4345964007.66

Of which: Interest receivable

Dividends receivable

Financial assets purchased under resale agreements

62025 Third Quarterly Report

Inventory 42000717189.76 44566934616.59

Of which: data resources

Contract assets

Assets held for sale

Non-current assets due within one year

Other current assets 5742356687.38 5801152355.65

Total current assets 82490244623.51 78302919654.82

Non-current assets:

Loans and advances

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 9679826709.95 9516636321.17

Other equity instrument investments

Other non-current financial assets

Investment property 9920544.10 10124128.60

Fixed assets 224935304648.67 232497113015.70

Construction in progress 60512100664.56 44036132096.28

Productive biological assets

Oil and gas assets

Right-of-use assets 161023698.85 176237821.55

Intangible assets 8596963104.71 8142781094.80

Of which: data resources

Development expenses

Of which: data resources

Goodwill

Long-term deferred expenses

Deferred tax assets 1405292196.30 1237176277.28

Other non-current assets 5127721477.86 3926823773.78

Total non-current assets 310428153045.00 299543024529.16

Total assets 392918397668.51 377845944183.98

Current liabilities:

Short-term borrowings 50829147848.50 44090969803.23

Borrowings from the central bank

Borrowings from other banks

Financial liabilities held for trading 1846980093.88 1269256561.53

Derivative financial liabilities 34655378.23

Notes payable 2117446425.36 3204293497.95

Accounts payable 58994671244.30 59032829819.11

Advance receipts

Contract liabilities 4659663468.78 5995580462.05

72025 Third Quarterly Report

Financial assets sold under repurchase agreements

Deposits and interbank deposits

Agency securities trading funds

Agency underwriting securities funds

Employee compensation payable 897142688.75 996809278.49

Taxes payable 1753481969.42 1277862468.64

Other accounts payable 10816513127.02 6588756879.48

Of which: Interest payable

Dividends payable

Handling charges and commission payable

Reinsurance payables

Liabilities held for sale

Non-current liabilities due within one year 42092433052.37 38322495216.94

Other current liabilities 588044626.84 742351889.84

Total current liabilities 174595524545.22 161555861255.49

Non-current liabilities:：

Reserves for insurance contracts

Long-term borrowings 119777409720.82 119518340862.41

Bonds payable

Of which: Preferred shares

Perpetual bond

Lease liabilities 157692328.01 171624458.34

Long-term payable

Long-term employee compensation payable

Estimated liabilities 15643579.38

Deferred income 282432874.00 198629966.29

Deferred income tax liabilities 1644828929.78 1577357341.78

Other non-current liabilities

Total non-current liabilities 121878007431.99 121465952628.82

Total liabilities 296473531977.21 283021813884.31

Owner’s equity:

Share capital 9989442254.00 10125525000.00

Other equity instruments

Of which: Preferred shares

Perpetual bond

Capital reserve 8957966424.83 10819566635.04

Less: Treasury stock 4988804885.93 6987008823.24

Other comprehensive income 129110803.06 280892216.98

Special reserves 73640711.06 19057187.43

Surplus reserves 1270743066.03 1270743066.03

General risk provision

82025 Third Quarterly Report

Undistributed profits 28261619700.50 28330397005.41

Total owner’s equity attributable to the parent company 43693718073.55 43859172287.65

Minority interests 52751147617.75 50964958012.02

Total owners' equity 96444865691.30 94824130299.67

Total liabilities and owners' equity 392918397668.51 377845944183.98

Legal representative: Li Shuirong Person in charge of accounting work: Wang Yafang Person in charge of the accounting firm:

Zhang Shaoying

2. Consolidated statement of income from the beginning of the year to the end of the reporting period

Unit: RMB

Item Current amount incurred Amount incurred in the previous period

I. Gross operating income 227814631415.77 245196312192.22

Of which: Operating income 227814631415.77 245196312192.22

Interest income

Premiums earned

Handling charge and commission income

II. Gross operating costs 225633293088.67 244885600066.20

Of which: Operating costs 198409895741.13 215370264931.91

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 18076808342.23 19424672923.43

Sales expense 121458569.43 138759022.60

Administrative expenses 736266648.06 792128845.68

R&D expenses 3521999063.95 3772813961.10

Financial expenses 4766864723.87 5386960381.48

Of which: Interest expense 4876958184.12 5231950312.07

Interest income 312669346.16 387056811.27

Add: Other income 1140704840.27 1979623413.17

Investment income (loss recognized with "-") 336375941.52 -127820753.53

Of which: Income from investments in associates and

joint ventures 223376023.74 255317245.61

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 -528075920.26 82370581.01

92025 Third Quarterly Report

Loss on credit impairment (losses recognized with "-") 94109252.02 -104498154.44

Loss on assets impairment (losses recognized with "-") -159221794.59 -1013849.48

Gains (losses recognized with "-") on disposal of assets -71005.85 5068742.88

III. Operating profit (losses recognized with "-") 3065159640.21 2144442105.63

Add: Non-operating income 4721492.26 8002004.37

Less: Non-operating expenses 35525246.33 50190268.80

IV. Total profit (total losses recognized with "-") 3034355886.14 2102253841.20

Less: Income tax expense 406795223.53 298164471.89

V. Net profit (net loss recognized with "-") 2627560662.61 1804089369.31

(i) by business continuity

1. Net profit from continuing operations (net loss recognized

with "-") 2627560662.61 1804089369.31

2. Net profit from discontinued operations (net loss recognized

with "-")

(ii) by ownership

1. Net profit attributable to shareholders of the parent company

(net losses recognized with "-") 888451909.29 876677020.82

2. Minority shareholders' gains and losses (net losses recognized

with "-") 1739108753.32 927412348.49

VI. Other comprehensive income after tax -158576844.95 -25003927.66

Other comprehensive income attributable to owners of the parent

company after tax -151781413.92 -8611942.75

(i) Other comprehensive income which cannot be reclassified to

gains and losses -590642.24

1. Remeasurement of changes in defined benefit plans

2. Other comprehensive income that cannot be transferred to

gains or losses under the equity method

3. Changes in fair value of investments in other equity

instruments

4. Changes in fair value of the Company's own credit risk

5. Other -590642.24

(ii) Other comprehensive income to be reclassified to gains or

losses -151781413.92 -8021300.51

1. Other comprehensive income available for transfer to gains

or losses under the equity method -117455229.83 31264062.93

2. Changes in fair value of other creditors investments

3. Amount of financial assets reclassified into other

comprehensive income

4. Provision for credit impairment of other debt investments

5. Cash flow hedge reserve

6. Difference in translation of foreign currency financial

statements -34326184.09 -39285363.44

7. Other

Other comprehensive income attributable to minority shareholders

after tax -6795431.03 -16391984.91

VII. Total comprehensive income 2468983817.66 1779085441.65

102025 Third Quarterly Report

(i) Total comprehensive income attributable to owners of the

parent company 736670495.37 868065078.07

(ii) Total comprehensive income attributable to minority

shareholders 1732313322.29 911020363.58

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

3. Consolidated cash flow statement from the beginning of the year to the end of the reporting period

Unit: RMB

Item Current amount incurred Amount incurred in the previous period

I. Cash flows from operating activities:

Cash received from sales of goods and services 256080407861.85 275403353930.66

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 3481383150.11 5027967123.04

Cash received relating to other operating activities 3240445239.89 3289326469.98

Subtotal of cash inflows for operating activities 262802236251.85 283720647523.68

Cash paid for goods purchased and services received 213931539755.26 241595326477.71

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 2914678568.27 3028083821.05

Payments of all types of taxes 20257608260.93 17474462782.72

Cash paid relating to other operating activities 2051524676.08 1906313297.90

Subtotal of cash outflows from operating activities 239155351260.54 264004186379.38

Net cash flow from operating activities 23646884991.31 19716461144.30

112025 Third Quarterly Report

II. Cash flows from investing activities:

Cash received from investment recovery 2458873338.98 2117925440.32

Cash received from the return on investment 48654510.65 13228639.60

Net cash received from the disposal of fixed assets intangible assets

and other long-term assets 3653231.97 259399359.92

Net cash received from the disposal of subsidiaries and other

business units

Cash received relating to other investing activities 45808000.11 59442128.95

Subtotal of cash inflows from investing activities 2556989081.71 2449995568.79

Cash paid for purchase and construction of fixed assets intangible

assets and other long-term assets 24188267957.57 24471599974.54

Cash paid for investments 2896603472.09 1811183298.84

Net increase in pledge loans

Net cash paid for acquisition of subsidiaries and other business units

Cash paid relating to other investing activities 51538878.04 78973342.66

Subtotal of cash outflows from investing activities 27136410307.70 26361756616.04

Net cash flow from investment activities -24579421225.99 -23911761047.25

III. Cash flow from financing activities:

Cash received from attracted investment 228000000.00

Of which: cash received by subsidiaries from investments of

minority shareholders 228000000.00

Cash received from borrowings 106087834844.59 100091778736.68

Cash received relating to other financing activities 7123364422.71 33099227104.29

Subtotal of cash inflows from financing activities 113211199267.30 133419005840.97

Cash paid for repayment of debts 95265003738.35 98277461250.13

Cash paid for distribution of dividends and profits or payment of

interests 6553425569.91 7102693648.85

Of which: dividends or profits paid by subsidiaries to minority

shareholders 228000000.00

Cash paid relating to other financing activities 1863946378.47 7190024667.49

Subtotal of cash outflows from financing activities 103682375686.73 112570179566.47

Net cash flow from financing activities 9528823580.57 20848826274.50

IV. Effect of change in exchange rate on cash and cash equivalents 5501733.27 -245375624.97

V. Net increase in cash and cash equivalents 8601789079.16 16408150746.58

Add: opening balance of cash and cash equivalents 12943832335.45 11486855097.52

VI. Ending balance of cash and cash equivalents 21545621414.61 27895005844.10

(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

122025 Third Quarterly Report

(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

13