Rongsheng Petrochemical (002493) H1 2025 earnings summary

Executive summary

• Operating income for H1 2025 was RMB 148.63 billion, down 7.83% year-over-year, with net profit attributable to shareholders at RMB 602.08 million, a 29.82% decrease year-over-year.

• The company maintained its position as a global leader in chemical materials, ranking 5th in Brand Finance's 2025 global chemical brands and 14th in C&EN's Global Top 50 Chemical Companies.

• Strategic cooperation with Saudi Aramco advanced, including stable crude supply, technology sharing, and a planned acquisition of a 50% stake in SASREF Refinery.

Financial highlights

• Gross margin for petrochemical segment improved by 1.47 percentage points year-over-year, despite a 10.18% drop in segment revenue.

• Net cash flow from operating activities was RMB 7.59 billion, down 9.60% year-over-year.

• Basic and diluted EPS were both RMB 0.06, down 33.33% year-over-year.

• Total assets increased 1.63% from year-end 2024 to RMB 384.01 billion.

• Net assets attributable to shareholders decreased 0.88% to RMB 43.47 billion.

Outlook and guidance

• The company continues to focus on high-end, green, and differentiated product development, with ongoing expansion in new energy materials and advanced resins.

• Strategic global expansion and digital transformation remain key priorities.