Rongsheng Petrochemical (002493) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was ¥129.41 billion, down 12.93% year-over-year, while net profit attributable to shareholders surged 748.83% to ¥5.11 billion, driven by improved profitability and cost controls.

• EBITDA reached ¥24.71 billion, up 85.53% year-over-year, and total assets increased 4.19% to ¥402.82 billion at period end.

• The company maintained its position as a leading integrated petrochemical and polyester producer in Asia, with significant advances in high-end materials and international cooperation.

Financial highlights

• Operating cash flow rose 180.15% year-over-year to ¥21.25 billion, reflecting stronger cash generation.

• Gross margin improved, with the main chemical segment showing a 16.88% margin and polyester/chemical film at 6.78%.

• Basic and diluted EPS were ¥0.53, up from ¥0.06 in H1 2025.

• Net assets attributable to shareholders increased 9.31% to ¥47.65 billion.

• Non-recurring items had a net negative impact of ¥232.87 million, mainly from fair value changes and asset disposals.

Outlook and guidance

• The company continues to focus on high-end, differentiated, and green products, expanding its international footprint and deepening cooperation with global partners.

• Strategic projects in high-performance resins and new materials are progressing, with further capacity expansion planned.

• Management expects continued resilience amid global economic uncertainty, leveraging integrated supply chains and cost advantages.