2023 Third Quarterly Report
Stock Code: 002493 Stock Abbreviation: Rongsheng Petrochemical Announcement No.: 2023-078
Rongsheng Petrochemical Co., Ltd.
2023 Third Quarterly Report
The Company and all members of the Board of Directors confirm that the information di
sclosed 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 tr uthfulness, accuracy
and completeness of the financial statements in this quarterly report.
3. Whether the Third Quarterly Report has been audited
□Yes No
1
2023 Third Quarterly Report
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 □No
Reasons for retroactive adjustment or restatement
Changes in accounting policies
Increase/de
Increase/
crease from
decrease i
the beginni
n the cur
ng of the ye
rent repo
Beginnin S ame period last ye ar to the en
S ame period last year rting peri
Current r g of year ar d of the rep
od over t
eporting to end of orting perio
he same
period reporting d over the s
period las
period ame period
t year
last year
After a
Before ad After adj After adj Before ad After adjus
djustm
justment ustment ustment justment tment
ent
225,11
Operating income (R 84,522,02 77,490,63 77,490,63 239,047,3 225,118,2
9.07% 8,229,1 6.19%
M B) 7,833.53 5,849.75 5,849.75 11,585.82 29,142.19
42.19
Net profit attributable
5,451,0
to shareholders of the 1,234,236, 83,999,00 84,133,09 107,602,8 5,450,59
1,367.00% 17,607. -98.03%
listed company (RM 470.21 8.05 2.23 53.66 0,408.39
72
B)
Net profit attributable
to shareholders of the 5,404,7
1,258,321, 158,393,3 158,527,4 -129,721, 5,404,32
listed company net of 693.76% 56,899. -102.40%
459.23 69.11 53.29 783.61 9,700.35
non-recurring gain an 68
d loss (RM B)
Net cash flow from op 32,678,
-2,250,27 32,678,73
erating activities (RM — — — — 736,25 -106.89%
0,594.75 6,253.31
B) 3.31
Basic earnings per sha
0.13 0.01 0.01 1,200.00% 0.01 0.54 0.54 -98.15%
re (RM B per share)
Diluted earnings per s
0.13 0.01 0.01 1,200.00% 0.01 0.54 0.54 -98.15%
hare (RM B per share)
Weighted average retu
2.65% 0.26% 0.42% 2.23% 0.23% 10.86% 10.83% -10.60%
rn on net assets
2
2023 Third Quarterly Report
Increase/decrease at the end
End of the reporting p End of last year of the reporting period over
eriod the end of last year
Before adjustment After adjustment After adjustment
Total assets (RM B) 369,168,967,642.96 362,587,416,687.68 362,620,099,117.75 1.81%
Owner’s equity attrib
utable to shareholders
45,136,752,912.51 47,260,382,901.11 47,261,683,528.65 -4.50%
of the listed company
(RM B)
Reasons for changes in accounting policies and correction of accounting errors
Effective January 1, 2023, the Company implemented the provisions of ASBE Interpretation No. 16,
“Accounting for Deferred Taxes on Assets and Liabilities Aris ing from Individual Transactions Not Subject to the
Initial Recognition Exemption” issued by the Ministry of Finance of the People’s Republic of China, and adjusted
individual transactions subject to the provisions of ASBE Interpretation No. 16 for those transactions occurring
between the beginning of the earliest period of the financial statements in which the provisions of ASBE
Interpretation No. 16 were first implemented and the date of the first implementation of ASBE Interpretation No.
16. For lease liabilities and right-of-use assets recognized at the beginning of the earliest period for the
presentation of financial statements in which the provisions were first implemented that gave rise to taxable
temporary differences and deductible temporary differences as a result of a single transaction to which the
provisions apply, the cumulative effect was adjusted to retained earnings at the beginning of the earliest period for
which the financial statements were presented, as well as to other relevant financial statement items in accordance
with the provisions of ASBE No. 18, “Accounting for Income Taxes”. These changes in accounting policy affected
the Company’s balance sheet items at the end of the previous year: deferred tax assets affected were
RMB32,682,430.07, deferred tax liabilities affected were RMB31,381,802.53, undistributed earnings affected
were RMB1,300,627.54; and the income statement items of January-September 2022: income tax expenses
affected were RMB427,199.33.
(II) Items and amounts of non-recurring gain and loss
Unit: RM B
Amount from the beginni
Amount in the current re
Item ng of the year to the end
porting period
of the reporting period
Gains or losses on disposal of non-current assets (including the part writt
-6,004,790.47 3,771,329.84
en-off with provision for asset impairment accrued)
Government grants recognized in current gain and loss (excluding grants
entitled to in quota or ration according to certain criteria under national
10,025,581.48 110,976,747.24
policies and which are closely relevant to the Company’s normal busines
s operations)
Fund possession cost included in current gain and loss charged to non-fi
50,339.62 149,377.35
nancial enterprises
Except for effective hedging business related to the normal business oper
ations of the Company, changes in gains and losses of fair value arising f
40,331,782.59 360,760,352.94
rom trading financial assets, trading financial liabilities, investment inco
me obtained from disposal of trading financial assets, trading financial li
3
2023 Third Quarterly Report
abilities and available-for-sale financial assets
Other non-operating revenues and expenditures except for the aforementi
-9,983,734.46 -8,794,213.21
oned items
Other profit/loss items falling within the definition of non-recurring gain
3,709,266.29
or loss
Less: Affected amount of income tax -7,643,151.15 16,175,648.06
Affected amount of minority shareholders’ equity (after tax) 66,147,318.93 217,072,575.12
Total -24,084,989.02 237,324,637.27
Other gain/loss items falling within the definition of non-recurring gain or loss:
□Applicable Not applicable
The Company has 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 Gains
and Losses are defined as recurring gains and losses.
□Applicable Not applicable
The Company has no 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 Gains and Losses are defined as recurring gains and losses.
(III) Changes in key accounting data and financial indicators and reasons thereof
Ending balance Ending balan
Balance sheet item in the reportin ce of the prev Variation
Reasons for change
s g period (RMB ious year (R s
10,000) MB 10,000)
Trading financial as M ainly due to the increase in floating income from the futur
45,866.28 18,828.34 143.60%
sets es business in the current period
Accounts receivabl M ainly due to payments received in the current period for g
338,572.91 712,801.10 -52.50%
e oods delivered at the end of the previous period
M ainly due to an increase in the amount pending deduct VA
Other current assets 397,585.32 246,768.14 61.12%
T on purchase
Construction in pro M ainly due to the increase in investment in construction pro
3,654,669.69 2,613,515.76 39.84%
gress jects of the subsidiary ZPC in the current period
Other non-current a M ainly due to the increase in prepayments for land in the cu
418,172.57 320,615.22 30.43%
ssets rrent period
M ainly due to increase in short-term bank borrowings in the
Short term loan 5,498,293.21 2,636,955.24 108.51%
current period
M ainly due to the increase in payment for raw materials at t
Accounts payable 3,261,476.00 6,907,936.70 -52.79%
he end of the previous period
M ainly due to the increase in advance receipts at the end of
Contract liabilities 495,479.40 373,426.24 32.68%
the current period
Taxes payable 53,104.57 146,334.11 -63.71% M ainly due to the decrease in unpaid taxes at the end of the
4
2023 Third Quarterly Report
current period
M ainly due to the increase in the Company’s accounts paya
Other payables 1,290,016.30 347,260.47 271.48%
ble at the end of the period
Beginning of ye
S ame period
Income statement ar to end of rep Variation
last year (RM Reasons for change
items orting period s
B 10,000)
(RMB 10,000)
Taxes and surcharg M ainly due to the increase in consumption tax of subsidiary
1,669,142.44 1,194,715.18 39.71%
es ZPC
M ainly due to increased investment in R&D expenses of su
R&D expenses 616,618.29 333,910.79 84.67%
bsidiary ZPC
M ainly due to the increase in interest expenses in the curren
Financial expenses 583,892.99 386,084.81 51.23%
t period
Gain from change i M ainly due to the increase in floating income from the futur
37,821.66 3,612.38 947.00%
n fair value es business in the current period
M ainly due to the increase in government subsidies receive
Other income 11,468.60 7,576.96 51.36%
d in the current period
M ainly due to the decrease in gain on closure of futures pos
Investment income 17,451.06 46,068.88 -62.12%
itions in the current period
M ainly due to the decrease in income tax expense as a resul
Income tax expense
-72,197.79 242,337.11 -129.79% t of the decrease in total profit compared with the same peri
s
od last year
Beginning of ye
S ame period
Cash flow stateme ar to end of rep Variation
last year (RM Reasons for change
nt items orting period s
B 10,000)
(RMB 10,000)
Net cash flow from M ainly due to the increase of cash payment for raw material
-225,027.06 3,267,873.63 -106.89%
operating activities s purchased in the current period
Net cash flow from M ainly due to the increase of new bank borrowings year-on
3,879,726.59 -682,756.36 668.24%
financing activities -year during the period
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 ordinary shareh Total number of preferred shareholders wit
olders at the end of the reporting 105,479 h restored voting rights at the end of the rep 0
period orting period
S hareholdings of the top 10 shareholders
Nature of s S harehol Number of sh Number of sh Pledge, marking or freez
Name of shareholder
hareholder ding ratio ares held ares held sub ing
5
2023 Third Quarterly Report
ject to sales r S tatus of s
estrictions Number
hares
Domestic n
Zhejiang Rongsheng Holding Grou on-state-ow
51.46% 5,210,237,480
p Co., Ltd. ned legal pe
rson
Foreign lega
Aramco Overseas Company B.V 10.00% 1,012,552,501
l person
Domestic na
Li Shuirong 6.35% 643,275,000 482,456,250
tural person
Hong Kong Securities Clearing Co Foreign lega
1.45% 146,336,582
mpany Limited l person
Domestic na
Li Guoqing 0.95% 96,525,000 72,393,750
tural person
Domestic na
Xu Yuejuan 0.95% 96,525,000
tural person
Domestic na
Li Yongqing 0.95% 96,525,000 72,393,750
tural person
China Construction Bank Co., Ltd.
- GF Technology Pioneer Hybrid Se Others 0.65% 66,188,935
curities Investment Fund
Horizon Asset - Huaneng Trust Jia
yue No. 7 Single Fund Trust - Horiz
Others 0.54% 55,148,287
on Asset Huixin No. 43 Single Asse
t M anagement Plan
Huaneng Guicheng Trust Corporati
on Limited - Huaneng Trust Rong
Others 0.49% 50,078,500
yue Weicheng Pooled Fund Trust Pl
an
S hareholdings of the top 10 shareholders not subject to sales restrictions
Number of shares held withou Class and number of shares
Name of shareholder
t sales restrictions Class of shares Number
RM B ordinary share
Zhejiang Rongsheng Holding Group Co., Ltd. 5,210,237,480 5,210,237,480
s
RM B ordinary share
Aramco Overseas Company B.V 1,012,552,501 1,012,552,501
s
RM B ordinary share
Li Shuirong 160,818,750 160,818,750
s
Hong Kong Securities Clearing Company Limit RM B ordinary share
146,336,582 146,336,582
ed s
RM B ordinary share
Xu Yuejuan 96,525,000 96,525,000
s
China Construction Bank Co., Ltd. - GF Techno 66,188,935 RM B ordinary share 66,188,935
logy Pioneer Hybrid Securities Investment Fun
6
2023 Third Quarterly Report
d s
Horizon Asset - Huaneng Trust Jiayue No. 7 S
RM B ordinary share
ingle Fund Trust - Horizon Asset Huixin No. 43 55,148,287 55,148,287
s
Single Asset M anagement Plan
Huaneng Guicheng Trust Corporation Limited -
RM B ordinary share
Huaneng Trust Rongyue Weicheng Pooled Fu 50,078,500 50,078,500
s
nd Trust Plan
RM B ordinary share
Ni Xincai 47,925,000 47,925,000
s
Industrial and Commercial Bank of China Co.,
RM B ordinary share
Ltd. -Guangfa Shuangqing Upgrade Hybrid Sec 38,972,360 38,972,360
s
urities Investment Fund
Among the top 10 shareholders, Zhejiang Rongsheng Holding Group Co., Ltd.
is the controlling shareholder of the Company, Li Yongqing and Li Guoqing
are nephews of Li Shuirong, Chairman of the Board of Directors of Zhejiang
Explanation of the relationship or concerted acti Rongsheng Holding Group Co., Ltd., Xu Yuejuan is sister-in-law of Li
on among the above shareholders Shuirong, and Ni Xincai is the brother-in-law of Li Shuirong, forming
associated relationships. In addition to the above associated relationships, the
Company has no knowledge of whether other shareholders are related to each
other or act in concert.
Explanation of the top 10 shareholders’ particip Zhejiang Rongsheng Holding Group Co., Ltd. holds 5,190,237,480 shares
ation in securities margin trading through an ordinary account and 20,000,000 shares through a credit account.
Note: Among the top 10 shareholders, Rongsheng Petrochemical Co., Ltd. held 359,376,623 shares in its special securities acco unt
for repurchase, accounting for 3.55% of the Company’s total share capital.
(II) The total number of preferred shareholders of the Company and the shareholdings of the top 10
preferred shareholders
□Applicable Not applicable
III. Other Important Matters
□Applicable Not applicable
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Rongsheng Petrochemical Co., Ltd.
September 30, 2023
Unit: RM B
Item S eptember 30, 2023 January 01, 2023
Current assets:
7
2023 Third Quarterly Report
M onetary fund 32,081,621,245.49 18,238,774,380.21
Settlement provision
Lending funds
Trading financial assets 458,662,767.21 188,283,362.49
Derivative financial assets
Notes receivable
Accounts receivable 3,385,729,084.83 7,128,011,047.03
Accounts receivable financing 223,749,523.59 187,298,909.35
Advance payment 2,918,119,017.22 2,558,120,124.99
Premium receivables
Reinsurance receivables
Reinsurance contract reserves receivab
les
Other receivables 4,406,319,039.54 4,262,221,292.97
Including: Interest receivables
Dividends receivables
Redemptory monetary capital for sale
Inventory 49,916,734,979.86 60,689,909,793.94
Contract assets
Held-for-sale assets
Non-current assets due within one year
Other current assets 3,975,853,205.06 2,467,681,369.50
Total current assets 97,366,788,862.80 95,720,300,280.48
Non-current assets:
Loans and advances
Creditors investment
Other creditors investment
Long-term receivables
Long-term equity investment 9,014,271,450.64 8,733,329,806.35
Investment in other equity instruments
Other non-current financial assets
Investment real estate 10,463,436.10 10,667,020.60
Fixed assets 213,290,457,684.58 222,161,110,736.65
Construction in progress 36,546,696,943.65 26,135,157,629.45
Productive biological assets
Oil & gas assets
8
2023 Third Quarterly Report
Right-of-use assets 208,616,690.50 225,606,768.34
Intangible assets 7,148,387,558.83 5,997,771,881.12
Development expenses
Goodwill
Long-term deferred expense 7,188,848.52 117,159.13
Deferred income tax assets 1,394,370,451.52 429,885,619.21
Other non-current assets 4,181,725,715.82 3,206,152,216.42
Total non-current assets 271,802,178,780.16 266,899,798,837.27
Total assets 369,168,967,642.96 362,620,099,117.75
Current liabilities:
Short term loan 54,982,932,089.98 26,369,552,400.50
Borrowings from the central bank
Borrowing funds
Trading financial liabilities 553,088,776.23 588,769,711.55
Derivative financial liabilities
Notes payable 3,882,136,048.98 3,408,800,462.03
Accounts payable 32,614,760,009.07 69,079,366,976.43
Advance collections
Contract liabilities 4,954,793,957.20 3,734,262,391.81
Financial assets sold for buyback
Deposits from customers and interban
k
Funds from securities trading agency
Funds from securities underwriting ag
ency
Payroll payable 904,501,900.24 1,022,711,102.12
Taxes payable 531,045,745.10 1,463,341,122.44
Other payables 12,900,162,966.70 3,472,604,671.47
Including: Interests payable
Dividends payable 108,000,000.00 108,000,000.00
Handling charges and commissions pa
yable
Reinsurance payable
Held-for-sale liabilities
Non-current liabilities due within one
23,219,419,410.46 20,461,387,778.93
year
Other current liabilities 632,658,464.37 458,588,848.28
9
2023 Third Quarterly Report
Total current liabilities 135,175,499,368.33 130,059,385,465.56
Non-current liabilities:
Insurance contract reserves
Long-term loan 134,611,263,736.41 130,962,386,969.29
Bonds payable 2,018,063,786.57 2,034,827,122.23
Including: Preferred share
Perpetual bond
Lease liabilities 198,570,773.97 213,400,396.45
Long-term payables
Long-term payroll payable
Estimated liabilities
Deferred income 163,574,375.96 195,662,553.73
Deferred income tax liabilities 1,967,723,814.22 1,987,353,203.65
Other non-current liabilities
Total non-current liabilities 138,959,196,487.13 135,393,630,245.35
Total liabilities 274,134,695,855.46 265,453,015,710.91
Owner’s equity:
Share capital 10,125,525,000.00 10,125,525,000.00
Other equity instruments
Including: Preferred share
Perpetual bond
Capital reserve 10,824,600,655.51 10,822,594,513.39
Less: Treasury stock 4,905,115,376.02 3,978,202,364.65
Other comprehensive income 308,193,365.36 139,462,613.71
Special reserves
Surplus reserves 886,470,394.72 886,470,394.72
Generic risk reserves
Undistributed profits 27,897,078,872.94 29,265,833,371.48
Total owner’s equity attributable to the p
45,136,752,912.51 47,261,683,528.65
arent company
M inority equity 49,897,518,874.99 49,905,399,878.19
Total owner’s equity 95,034,271,787.50 97,167,083,406.84
Total liabilities and owner’s equity 369,168,967,642.96 362,620,099,117.75
Legal representative: Li Shuirong Person in charge of accounting: Wang Yafang Person in charge of the accounting firm:
Zhang Shaoying
10
2023 Third Quarterly Report
2. Consolidated statement of income from the beginning of the year to the end of the reporting period
Unit: RM B
Amount incurred in the pr
Item Current amount incurred
evious period
I. Gross operating income 239,047,311,585.82 225,118,229,142.19
Including: operating income 239,047,311,585.82 225,118,229,142.19
Interest income
Earned premium
Handling charge and commission income
II. Gross operating costs 240,281,225,603.42 213,192,244,951.17
Including: Operating costs 210,858,895,446.59 193,313,275,814.36
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 16,691,424,365.90 11,947,151,801.48
Selling expenses 128,848,238.16 139,586,393.79
Administrative expenses 596,944,694.44 592,274,999.71
R&D expenses 6,166,182,914.40 3,339,107,872.94
Financial expenses 5,838,929,943.93 3,860,848,068.89
Including: Interest expenses 5,473,478,558.95 3,128,729,264.69
Interest income 334,625,288.00 461,229,832.50
Add: Other income 114,686,013.53 75,769,623.13
Investment income (losses expressed with “-”) 174,510,647.68 460,688,805.47
Including: return on investment in associated enterpr
293,441,068.40 600,166,959.04
ises and joint ventures
Gains on derecognition of financial assets me
asured at amortized cost
Exchange gains (losses expressed with “-”)
Net exposure hedging gains (losses expressed with “-”)
Gains on changes in fair value (losses expressed with “-”) 378,216,565.59 36,123,840.89
Credit impairment loss (losses expressed with “-”) -24,948,118.42 -35,415,297.67
Loss on assets impairment (losses marked with “-”) -57,719,683.02 -5,807,178.54
11
2023 Third Quarterly Report
Gains on disposal of assets (losses expressed with “-”) 3,771,329.84 -13,729,695.91
III. Operating profit (losses expressed with “-”) -645,397,262.40 12,443,614,288.39
Add: non-operating income 2,330,318.67 5,053,932.35
Less: non-operating expenses 11,124,531.88 10,241,611.13
IV Total profits (total losses expressed with “-”) -654,191,475.61 12,438,426,609.61
Less: income tax expenses -721,977,896.97 2,423,371,067.11
V Net profit (net losses expressed with “-”) 67,786,421.36 10,015,055,542.50
(I) By business continuity
1. Net profit from going concern (net losses expressed with
67,786,421.36 10,015,055,542.50
“-”)
2. Net profit from discontinued operations (net losses expres
sed with “-”)
(II) By ownership
1. Net profit attributable to shareholders of the parent compa
107,602,853.66 5,451,017,607.72
ny
2. M inority interest income (net losses expressed with “-”) -39,816,432.30 4,564,037,934.78
VI. Other comprehensive income, net of tax 171,255,461.92 242,596,662.15
After-tax net of other comprehensive income attributable to the
168,730,751.65 216,480,612.22
owners of parent company
(I) Other comprehensive income which may not be reclassifi
ed to gain and loss
1. Re-measurement of changes in defined benefit plans
2. Other comprehensive income which may not be transfe
rred to gain and loss under the equity method
3. Changes in fair value of investment in other equity instr
uments
4. Changes in fair value of the credit risk of the Company
5. Others
(II) Other comprehensive income which may be reclassified
168,730,751.65 216,480,612.22
to gain and loss
1. Other comprehensive income which may be transferred
-23,736,734.91 -10,473,612.44
to gain and loss under the equity method
2. Changes in fair value of other creditors investment
3. Amount of financial assets reclassified into other compr
ehensive income
4. Provision for credit impairment of other creditors inves
tments
5. Cash flow hedging reserves
6. Difference in translation of foreign currency financial s 192,467,486.56 226,954,224.66
12
2023 Third Quarterly Report
tatements
7. Others
Other comprehensive income attributable to minority sharehol
2,524,710.27 26,116,049.93
ders, net of tax
VII. Total comprehensive income 239,041,883.28 10,257,652,204.65
(I) Total comprehensive income attributable to owners of the p
276,333,605.31 5,667,498,219.94
arent company
(II) Total comprehensive income attributable to minority share
-37,291,722.03 4,590,153,984.71
holders
VIII. Earnings per share:
(I) Basic earnings per share 0.01 0.54
(II) Diluted earnings per share 0.01 0.54
Legal representative: Li Shuirong Person in charge of accounting: Wang Yafang Person in charge of the accounting firm:
Zhang Shaoying
3. Consolidated statement of cash flows from the beginning of the year to the end of the reporting period
Unit: RM B
Amount incurred in the pr
Item Current amount incurred
evious period
I. Cash flow from operating activities:
Cash received from sales of goods or rendering of services 274,866,301,259.77 248,694,540,796.43
Net increase in deposits from customers and other banks
Net increase in borrowings from the central bank
Net increase in loans from other financial institutions
Cash received from receiving insurance premium of original in
surance contracts
Net cash received from reinsurance business
Net increase in deposits and investment of the insured
Cash received from interests, handling charges and commissio
ns
Net increase in borrowing funds
Net increase in repurchase business capital
Net cash received from securities trading agency
Refunds of taxes and levies 5,648,797,165.48 5,060,515,589.67
Cash received relating to other operating activities 4,915,402,756.91 3,043,963,006.22
Subtotal of cash inflows for operating activities 285,430,501,182.16 256,799,019,392.32
Cash paid for goods purchased and services received 262,355,709,952.97 201,349,467,679.76
Net increase in loans and advances to customers
13
2023 Third Quarterly Report
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 3,038,294,442.60 2,919,500,339.76
Payments of all types of taxes 18,354,569,355.34 16,198,557,251.28
Cash paid relating to other operating activities 3,932,198,026.00 3,652,757,868.21
Subtotal of cash outflows from operating activities 287,680,771,776.91 224,120,283,139.01
Net cash flow from operating activities -2,250,270,594.75 32,678,736,253.31
II. Cash flows from investing activities:
Cash received from investment recovery 2,126,232,888.36 2,660,695,694.83
Cash received from the return on investment 39,812,378.80 480,589,828.49
Net cash received from the disposal of fixed assets, intangible
26,760,909.35 123,400,606.02
assets and other long-term assets
Net cash received from the disposal of subsidiaries and other b
18,698,663.16
usiness units
Cash received relating to other investing activities 334,509,631.18 225,710,951.51
Subtotal of cash inflows from investing activities 2,546,014,470.85 3,490,397,080.85
Cash paid for purchase and construction of fixed assets, intangi
21,535,470,579.16 23,415,517,801.61
ble assets and other long-term assets
Cash paid for investments 2,068,508,327.57 2,732,116,478.41
Net increase in pledge loans
Net cash paid for acquisition of subsidiaries and other business
units
Cash paid relating to other investing activities 239,472,399.55 322,541,927.74
Subtotal of cash outflows from investing activities 23,843,451,306.28 26,470,176,207.76
Net cash flow from investment activities -21,297,436,835.43 -22,979,779,126.91
III. Cash flow from financing activities:
Cash received from absorption of investment 28,199,000.00 2,498,660,000.00
Including: cash received by subsidiaries from investments of
2,498,660,000.00
minority shareholders
Cash received from borrowings 107,937,870,424.39 61,613,710,671.32
Cash received relating to other financing activities 18,669,000,000.00 6,708,000,000.00
Subtotal of cash inflows from financing activities 126,635,069,424.39 70,820,370,671.32
Cash paid for repayment of debts 72,204,310,393.23 61,338,880,837.25
Cash paid for distribution of dividends and profits or payment 7,575,972,648.95 9,647,621,933.97
14
2023 Third Quarterly Report
of interests
Including: dividends or profits paid by subsidiaries to minori
2,529,500,000.00
ty shareholders
Cash paid relating to other financing activities 8,057,520,433.04 6,661,431,451.50
Subtotal of cash outflows from financing activities 87,837,803,475.22 77,647,934,222.72
Net cash flow from financing activities 38,797,265,949.17 -6,827,563,551.40
IV Effect of change in exchange rate on cash and cash equivalent
-289,373,874.63 -609,952,794.76
s
V Net increase in cash and cash equivalents 14,960,184,644.36 2,261,440,780.24
Add: opening balance of cash and cash equivalents 15,459,279,803.77 14,338,837,644.67
VI. Ending balance of cash and cash equivalents 30,419,464,448.13 16,600,278,424.91
(II) Financial statements related to adjustments to items at the beginning of the year of
first-time implementation of new accounting standards from 2023 onwards
Items December31,2022
Balancesheetitems Beforeadjustment Afteradjustment Variations
Deferredincometaxassets 397,203,189.14 429,885,619.21 32,682,430.07
Deferredincometaxliabilities 1,955,971,401.12 1,987,353,203.65 31,381,802.53
Undistributedprofits 29,264,532,743.94 29,265,833,371.48 1,300,627.54
(III) Audit report
Whether the Third Quarterly Report has been audited
□Yes No
The Third Quarterly Report of the Company has not been audited.
Board of Directors of Rongsheng Petrochemical Co., Ltd.
October 25, 2023
15
