2026 First Quarterly Report

Stock Code: 002493 Stock Abbreviation: Rongsheng Petrochemical Announcement No.: 2026-007

Rongsheng Petrochemical Co. Ltd.2026 First 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 Directors 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 principal of the Company the person in charge of the Company’s accounting and the person in charge of

the accounting department(accounting officer) hereby make representations in respect of the truthfulness

accuracy and completeness of the financial statements in this quarterly report.

3. Whether the First Quarterly Report has been audited

□Yes RNo

4. In case of any discrepancy between this version and Chinese version the Chinese version shall prevail.

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

Current reporting period Same period of the previous current reporting period year over the same period of

the previous year (%)

Operating income (RMB) 60629357967.14 74975429161.64 -19.13%

Net profit attributable to

shareholders of the listed 2815287974.96 588401349.75 378.46%

company (RMB)

Net profit attributable to

shareholders of the listed

company net of non-recurring 3029323370.99 618349603.39 389.90%

gains and losses (RMB)

12026 First Quarterly Report

Net cash flow from operating

activities (RMB) 8537386735.34 7977336348.96 7.02%

Basic earnings per share

(RMB per share) 0.29 0.06 383.33%

Diluted earnings per share

(RMB per share) 0.29 0.06 383.33%

Weighted average return on

net assets 6.26% 1.33% 4.93%

Increase/decrease at the

End of the reporting period End of last year end of the reporting period over the end of last

year

Total assets (RMB) 406982388320.48 386633124294.10 5.26%

Owner’s equity attributable

to shareholders of the listed 46378845465.55 43593522953.92 6.39%

company (RMB)

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

RApplicable □Not applicable

Unit: RMB

Item Amount in the current reporting period

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

provision for asset impairment accrued) 1367.96

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 1464397.73

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

financial liabilities except for effective hedging business related to the Company's normal -312951442.89

operations

Fund possession cost included in current profit or loss charged to non-financial enterprises 76415.09

Other non-operating revenues and expenditures except for the aforementioned items 566242.97

Other gain/loss items falling within the definition of non-recurring gains or losses 9540836.96

Less: Affected amount of income tax -45927320.82

Affected amount of minority shareholders’ equity (after tax) -41339465.33

Total -214 035396.03

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.

22026 First Quarterly Report

(III) Changes in key accounting data and financial indicators and reasons thereof

RApplicable □Not applicable

Ending balance in

Balance sheet items the reporting

Ending balance of

period (RMB the previous year Variations Reasons for change

10000) (RMB 10000)

Derivative financial Mainly due to the fluctuation in the

assets 42870.95 27882.88 53.75% Company's paper futures positions at the end of the period.Receivables

financing 63270.94 8342.11 658.45%

Mainly due to the increase in bank

acceptance bills received for goods.Prepayments 288917.54 214059.88 34.97% Mainly due to the increase in prepayments for raw materials.Derivative financial Mainly due to the fluctuation in the

liabilities 35539.85 25495.74 39.40% Company's paper futures positions at the end of the period.Employee Mainly due to the decrease in unpaid

remuneration 52298.95 112581.50 -53.55% employee compensation at the end of the

payable period.

138879.88 264516.76 -47.50% Mainly due to the impact of changes in

Taxes payable consumption tax payable at the end of the

period.Beginning of year

Income statement to end of reporting Same period last

items period (RMB year(RMB Variations Reasons for change

10000)10000)

Taxes and Mainly due to the impact of the decrease

surcharges 298491.28 646500.28 -53.83% in the Company's consumption tax in the current period.Other income 10923.80 82268.99 -86.72% Mainly due to the year-on-year variation in the value-added tax deduction.Investment income -2629.66 14941.37 -117.60% Mainly due to the year-on-year variation in the Company's paper futures income.Gains from change Mainly due to the year-on-year variation

in fair value -16887.93 -10991.67 -53.64% in the Company's paper swaps floating gains.Losses from credit -1527.36 904.31 -268.90% Mainly due to the impact of the provision impairment for bad debts of accounts receivable.Losses from asset Mainly due to the impact of the

impairment -415.92 -8649.73 95.19% Company's provision for inventory write-down.Mainly due to the increase in profit and

Income tax expenses 89733.94 11392.67 687.65% the corresponding increase in income tax

expense.

32026 First Quarterly Report

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 76418 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 N/A 0 legal entity

Aramco Overseas Company B.V. Foreign legal entity 10.14% 1012552501 0 N/A 0

Li Shuirong Domestic individual 6.44% 643275000 482456250 N/A 0

Hong Kong Securities Clearing Foreign legal

Company Limited entity 1.87% 187170132 0 N/A 0

Li Guoqing Domestic individual 0.97% 96525000 96525000 N/A 0

Xu Yuejuan Domestic individual 0.97% 96525000 0 N/A 0

Li Yongqing Domestic individual 0.97% 96525000 72393750 N/A 0

Horizon Asset - Huaneng

Trust · Jiayue No. 7 Single Fund

Trust Horizon Asset Huixin No. 43 Others 0.55% 55148287 0 N/A 0

Single Asset Management Plan

Huatai Securities Co. Ltd. -

Penghua CSI Sub-Sector Chemical Others 0.54% 53854548 0 N/A 0

Industry Theme ETF

Huaneng Guicheng Trust

Corporation Limited - Huaneng

Trust - Rongyue Weicheng Pooled Others 0.50% 50078500 0 N/A 0

Fund Trust Plan

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

executive lock-in shares)

Name of shareholders Number of shares held with

Class and number of shares

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 187170132 RMB ordinary shares 187170132

42026 First Quarterly Report

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

Huatai Securities Co. Ltd. - Penghua CSI Sub-Sector RMB ordinary

Chemical Industry Theme ETF 53854548 shares 53854548

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 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

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

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

any) through an ordinary account and 46000000 shares through a credit account.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.

52026 First Quarterly Report

March 31 2026

Unit: RMB

Items Ending balance Beginning balance

Current assets:

Cash and cash equivalents 21789743365.66 13499669478.84

Settlement reserves

Lending funds

Financial assets held for trading

Derivative financial assets 428709470.34 278828802.69

Notes receivable

Accounts receivable 3254747485.44 3169305362.31

Receivables financing 632709422.57 83421123.96

Prepayments 2889175438.35 2140598833.96

Premiums receivable

Reinsurance receivables

Reinsurance contract reserves receivable

Other receivables 4642676881.41 4925104317.10

Of which: Interest receivable

Dividends receivable

Financial assets purchased under resale agreements

Inventory 41591554903.31 33576127180.92

Of which: data resources

Contract assets

Assets held for sale

Non-current assets due within one year

Other current assets 7009284714.80 7280589936.07

Total current assets 82238601681.88 64953645035.85

Non-current assets:

Loans and advances

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments 9991650787.94 9764207212.23

Other equity instrument investments

Other non-current financial assets

Investment property 9784821.10 9852682.60

Fixed assets 254673441859.15 259757528525.39

Construction in progress 45828032419.22 37854167659.20

Productive biological assets

Oil and gas assets

Right-of-use assets 30635297.83 27062072.00

62026 First Quarterly Report

Intangible assets 9035079475.63 9085688449.26

Of which: data resources

Development expenses

Of which: data resources

Goodwill

Long-term prepaid expenses

Deferred tax assets 1650703257.36 1702308467.27

Other non-current assets 3524458720.37 3478664190.30

Total non-current assets 324743786638.60 321679479258.25

Total assets 406982388320.48 386633124294.10

Current liabilities:

Short-term borrowings 52790898741.83 50196656887.59

Borrowings from the central bank

Placements from other banks

Financial liabilities held for trading

Derivative financial liabilities 355398498.99 254957356.99

Notes payable 1602865621.00 1823730094.93

Accounts payable 63851322219.62 58958528675.95

Advance receipts

Contract liabilities 2903373637.59 4083450306.60

Financial assets sold under repurchase agreements

Deposits and interbank deposits

Agency securities trading funds

Agency underwriting securities funds

Employee compensation payable 522989463.35 1125814964.88

Taxes payable 1388798779.32 2645167588.84

Other payables 9731165867.24 8699387532.24

Of which: Interest payable

Dividends payable

Handling charges and commission payable

Reinsurance payables

Liabilities held for sale

Non-current liabilities due within one year 31710019235.28 35466338269.58

Other current liabilities 1716002630.45 1867329013.92

Total current liabilities 166572834694.67 165121360691.52

Non-current liabilities:

Reserves for insurance contracts

Long-term borrowings 136321625290.26 122459201307.70

Bonds payable

Of which: Preferred shares

Perpetual bond

72026 First Quarterly Report

Lease liabilities 9254485.33

Long-term payable

Long-term employee compensation payable

Provisions 44160774.54 43782604.66

Deferred income 462543588.89 392706559.60

Deferred income tax liabilities 1585269548.51 1624234093.37

Other non-current liabilities

Total non-current liabilities 138422853687.53 124519924565.33

Total liabilities 304995688382.20 289641285256.85

Owner’s equity:

Share capital 9989442254.00 9989442254.00

Other equity instruments

Of which: Preferred shares

Perpetual bond

Capital reserve 8957907496.53 8958186957.39

Less: Treasury stock 4988804885.93 4988804885.93

Other comprehensive income 36103609.34 86668890.53

Special reserves 76683884.64 55804605.92

Surplus reserves 1270743066.03 1270743066.03

General risk provision

Undistributed profits 31036770040.94 28221482065.98

Total owner’s equity attributable to the parent company 46378845465.55 43593522953.92

Minority interests 55607854472.73 53398316083.33

Total owners' equity 101986699938.28 96991839037.25

Total liabilities and owners' equity 406982388320.48 386633124294.10

Legal representative: Li Shuirong Person in charge of accounting work: Wang Yafang Person in charge of the accounting department: 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 60629357967.14 74975429161.64

Of which: Operating income 60629357967.14 74975429161.64

Interest income

Premiums earned

Handling charge and commission income

II. Gross operating costs 54615454325.61 74402019860.72

Of which: Operating costs 48689308671.17 64519073624.35

Interest expense

Handling charge and commission expenses

Surrender value

82026 First Quarterly Report

Net payments for insurance claims

Net appropriation of reserves for insurance liability

Policy dividend payment

Reinsurance costs

Taxes and surcharges 2984912849.58 6465002839.83

Sales expense 35198527.39 37784384.91

Administrative expenses 245806839.24 199661800.06

R&D expenses 1151088019.54 1472788785.89

Financial expenses 1509139418.69 1707708425.68

Of which: Interest expense 1610564795.66 1697126918.88

Interest income 55352889.29 87901390.00

Add: Other income 109237987.38 822689910.27

Investment income (loss recognized with "-") -26296584.77 149413730.60

Of which: Income from investments in associates and

joint ventures 131275186.14 98408198.41

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 -168879277.84 -109916661.41

Loss on credit impairment (losses recognized with "-") -15273585.76 9043116.57

Loss on assets impairment (losses recognized with "-") -4159198.45 -86497294.03

Gains (losses recognized with "-") on disposal of assets 1367.96

III. Operating profit (losses recognized with "-") 5908534350.05 1358142102.92

Add: Non-operating income 1720177.33 759220.16

Less: Non-operating expenses 1153934.36 13682819.19

IV. Total profit (total losses recognized with "-") 5909100593.02 1345218503.89

Less: Income tax expense 897339432.70 113926687.27

V. Net profit (net loss recognized with "-") 5011761160.32 1231291816.62

(i) by business continuity

1. Net profit from continuing operations (net loss recognized

with "-") 5011761160.32 1231291816.62

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 "-") 2815287974.96 588401349.75

2. Profit or loss attributable to minority shareholders (net losses

recognized with "-") 2196473185.36 642890466.87

VI. Other comprehensive income after tax -57072941.81 -93912489.85

Other comprehensive income attributable to owners of the parent

company after tax -50565281.19 -88371085.35

(i) Other comprehensive income which cannot be reclassified to

gains and losses

92026 First Quarterly Report

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

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

losses -50565281.19 -88371085.35

1. Other comprehensive income available for transfer to gains

or losses under the equity method 8485482.12 -85835764.45

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 -59050763.31 -2535320.90

7. Other

Other comprehensive income attributable to minority shareholders

after tax -6507660.62 -5541404.50

VII. Total comprehensive income 4954688218.51 1137379326.77

(i) Total comprehensive income attributable to owners of the

parent company 2764722693.77 500030264.40

(ii) Total comprehensive income attributable to minority

shareholders 2189965524.74 637349062.37

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

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 64783100382.62 84657306364.47

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

102026 First Quarterly Report

Net increase in borrowing funds

Net increase in repurchase business capital

Net cash received from securities trading agency

Refunds of taxes and levies 2454977501.27 1279835331.52

Cash received relating to other operating activities 1436675604.38 1456252289.27

Subtotal of cash inflows for operating activities 68674753488.27 87393393985.26

Cash paid for goods purchased and services received 51969657398.68 69267409395.37

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 1374714707.93 1423588401.74

Payments of all types of taxes 5201814957.08 7403670111.50

Cash paid relating to other operating activities 1591179689.24 1321389727.69

Subtotal of cash outflows from operating activities 60137366752.93 79416057636.30

Net cash flow from operating activities 8537386735.34 7977336348.96

II. Cash flows from investing activities:

Cash received from investment recovery 1502266736.00 895723709.01

Cash received from the return on investment 236763.70 5000000.00

Net cash received from the disposal of fixed assets intangible assets

and other long-term assets 1168032.76 3620231.11

Net cash received from the disposal of subsidiaries and other

business units

Cash received relating to other investing activities 14144325.00 32258640.12

Subtotal of cash inflows from investing activities 1517815857.46 936602580.24

Cash paid to acquire fixed assets intangible assets and other long-

term assets 10655571676.23 8674201384.78

Cash paid for investments 1727077211.78 586481324.68

Net increase in pledge loans

Net cash paid for acquisition of subsidiaries and other business units

Cash paid relating to other investing activities 5231900.00 35191149.01

Subtotal of cash outflows from investing activities 12387880788.01 9295873858.47

Net cash flow from investment activities -10870064930.55 -8359271278.23

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 55203742277.84 33368092582.16

Cash received relating to other financing activities 1932500000.00 9494564451.60

Subtotal of cash inflows from financing activities 57136242277.84 42862657033.76

112026 First Quarterly Report

Cash paid for repayment of debts 42466641183.60 27067552657.74

Cash paid for distribution of dividends and profits or payment of

interests 1821777755.51 1873280050.02

Of which: dividends or profits paid by subsidiaries to minority

shareholders

Cash paid relating to other financing activities 2358929264.90 169977244.70

Subtotal of cash outflows from financing activities 46647348204.01 29110809952.46

Net cash flow from financing activities 10488894073.83 13751847081.30

IV. Effect of change in exchange rate on cash and cash equivalents 132678473.50 -9486969.00

V. Net increase in cash and cash equivalents 8288894352.12 13360425183.03

Add: opening balance of cash and cash equivalents 12868997873.44 12943832335.45

VI. Ending balance of cash and cash equivalents 21157892225.56 26304257518.48

(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

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