Rongsheng Petrochemical (002493) Q1 2026 earnings summary

Executive summary

• Operating income for the quarter was RMB 60.63 billion, down 19.13% year-over-year.

• Net profit attributable to shareholders reached RMB 2.82 billion, up 378.46% year-over-year.

• Net profit excluding non-recurring items was RMB 3.03 billion, up 389.90% year-over-year.

• Basic and diluted EPS were RMB 0.29, a significant increase from RMB 0.06 in the prior year.

Financial highlights

• Net cash flow from operating activities was RMB 8.54 billion, up from RMB 7.98 billion year-over-year.

• Total assets increased to RMB 406.98 billion, up 5.26% from year-end 2025.

• Owner's equity attributable to shareholders rose to RMB 46.38 billion, up 6.39% from year-end.

• Non-recurring losses included a RMB 312.95 million loss from changes in fair value of financial assets and liabilities.

Key financial ratios and metrics

• Weighted average return on net assets was 7.02%, up from 6.26% year-over-year.

• Gross margin improved as net profit surged despite lower revenue.