Third quarterly report 2024
Stock code: 002493 Stock Abbreviation: Rongsheng Petrochemical Announcement No.: 2024-059
Rongsheng Petrochemical Co., Ltd.
2024 Third 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 Content Notice:
1. The Board of Directors, the Board of Supervisors and the directors, supervisors and senior management confirm
that the contents of 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 truthfulness, accuracy
and completeness of the financial statements in this quarterly report.
3. Whether the Third Quarterly Report has been audited
□ Yes No
4. This third quarterly report is prepared in both Chinese and English. In case of any discrepancy between the two
versions, 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 No
Increase/decreas
e from the
Increase/decrease
beginning of the
in the current Beginning of year
Current reporting year to the end
reporting period to the end of the
period of the reporting
over the same reporting period
period over the
period last year
same period last
year
Operating income (RMB) 83,946,567,914.37 -0.68% 245,196,312,192.22 2.57%
Net profit attributable to shareholders of
18,742,137.68 -98.48% 876,677,020.82 714.73%
the listed company (RMB)
Net profit attributable to shareholders
of the listed company net of non- 15,815,885.95 -98.74% 688,192,443.10 630.51%
recurring gains and losses (RMB)
Net cash flow from operating activities — — 19,716,461,144.30 976.18%
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Third quarterly report 2024
(RMB)
Basic earnings per share (RMB per
0.002 -98.40% 0.09 800.00%
share)
Diluted earnings per share (RMB per
0.002 -98.40% 0.09 800.00%
share)
Weighted average return on net assets 0.06% -2.59% 1.99% 1.76%
Increase/decrease at the end of the
End of the
End of last year reporting period over the end of last
reporting period
year
Total assets (RMB) 395,833,160,875.00 374,918,440,311.68 5.58%
Owner’s equity attributable to
shareholders of the listed company 43,847,242,345.65 44,335,891,085.79 -1.10%
(RMB)
(II) Items and amounts of non-recurring gains and losses
Applicable □Not applicable
Amount from the
Amount in the current beginning of the year to
Item
reporting period the end of the reporting
period
Gains or losses on disposal of non-current assets (including the part
-200,699.06 5,068,742.88
written-off with provision for asset impairment accrued)
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 6,064,776.91 23,507,364.11
enjoyed based on specified standards, and have a continuous impact
on the Company's gains or losses)
Except for effective hedging business related to the normal business
operations of the Company, changes in gains and losses of fair value
arising from trading financial assets and financial liabilities held by 1,541,856.12 223,052,119.96
non-financial enterprises, as well as gains or losses from the disposal
of financial assets and financial liabilities.
Fund possession cost included in current gains and losses charged to
89,830.19 303,081.75
non-financial enterprises
Other non-operating revenues and expenditures except for the
-14,579,336.05 -42,188,264.43
aforementioned items
Other gain/loss items falling within the definition of non-recurring
29,805,298.86 100,117,077.36
gains or losses
Less: Affected amount of income tax 1,995,208.18 28,867,332.90
Affected amount of minority shareholders’ equity (after tax) 17,800,267.06 92,508,211.01
Total 2,926,251.73 188,484,577.72
Other gain/loss items falling within the definition of non-recurring gains or losses:
□Applicable Not applicable
The Company has no other gain/loss items falling within the definition of non-recurring gains or losses.
Explanation of the circumstances in which the non-recurring gain and loss items are defined as recurring gains and
losses in accordance with the Explanatory Announcement on Information Disclosure by Companies Offering
Securities to the Public No. 1 - Non-Recurring Gains and Losses.
□Applicable Not applicable
The Company has no explanation of the circumstances in which the non-recurring gain and loss items are defined as
recurring gains and losses in accordance with the Explanatory Announcement on Information Disclosure by
Companies Offering Securities to the Public No.1 - Non-Recurring Gains and Losses.
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Third quarterly report 2024
(III) Changes in key accounting data and financial indicators and reasons thereof
Applicable □Not applicable
Ending balance Ending balance
Balance sheet in the reporting of the previous
Variations Reasons for change
items period (RMB year (RMB
10,000) 10,000)
Trading financial Mainly due to the impact of changes in the
52,079.43 31,008.74 67.95%
assets Company's forward exchange contracts
Mainly due to the increase in the Company's
Advance payment 294,962.85 149,331.25 97.52%
advance payments for raw material purchases
Mainly due to the increase in the Company's
Construction in
5,793,024.34 4,182,067.11 38.52% investments in construction projects during the
progress
current period
Trading financial Mainly due to the impact of increased silver
133,405.90 62,329.87 114.03%
liabilities leasing for catalysts in the current period
Mainly due to an increase in the Company’s
Accounts payable 6,888,725.88 4,974,412.69 38.48%
operating payables for material purchases.
Mainly due to the increase in the Company's
Contract liabilities 613,596.90 442,173.24 38.77%
advance payments received from customers
Mainly due to the increase in the consumption tax
Taxes payable 239,129.58 47,678.12 401.55%
payable at the end of the period
Mainly due to the impact of increased advance
Other current
76,801.02 55,199.08 39.13% payments received from customers on the
liabilities
corresponding taxes
Beginning of Same period
Income statement year to end of last year(RMB Variations Reasons for change
items reporting period 10,000)
(RMB 10,000)
Administrative Mainly due to the impact of increased inspection
79,212.88 59,694.47 32.70%
expenses expenses in the current period
Mainly due to the Company’s R&D project
R&D expenses 377,281.40 616,618.29 -38.81% expenses in the current period being lower than
the same period last year
Gains from change Mainly due to a year-on-year decrease in floating
8,237.06 37,821.66 -78.22%
in fair value income from paper assets in the current period
Mainly due to the impact of the Company’s
Other income 197,962.34 11,468.60 1626.12% enjoyment of the value-added tax additional
deduction policy during the current period
Mainly due to the increase in discount expenses
Investment income -12,782.08 17,451.06 -173.25% for accounts receivable financing in the current
period
Mainly due to the year-on-year increase in total
Income tax
29,816.45 -72,197.79 141.30% profit for the current period, resulting in a
expenses
corresponding increase in income tax expense
Beginning of Same period
Cash flow year to end of last year (RMB Variations Reasons for change
statement items reporting period 10,000)
(RMB 10,000)
Mainly due to a year-on-year increase in net cash
Net cash flow from
1,971,646.11 -225,027.06 976.18% received from the Company's buying and selling
operating activities
operations in the current period
Net cash flow from Mainly due to a year-on-year decrease in the net
2,084,882.63 3,879,726.59 -46.26%
financing activities increase of bank borrowings by the Company
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Third quarterly report 2024
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
Total number of preferred shareholders with restored
shareholders at the end of the 96,693 0
voting rights at the end of the reporting period (if any)
reporting period
Shareholdings of the top 10 shareholders (excluding shares lent through stock lending and borrowing)
Number of Pledged, marking or
Sharehol shares held freezing
Nature of Number of
Name of Shareholder ding subject to
shareholder shares held Status of
ratio sales Number
restrictions shares
Domestic
Zhejiang Rongsheng Holding non-state-
52.95% 5,361,583,209 inapplicable
Group Co., Ltd. owned legal
entity
Foreign
Aramco Overseas Company B.V. 10.00% 1,012,552,501 inapplicable
legal entity
Domestic
Li Shuirong 6.35% 643,275,000 482,456,250 inapplicable
individual
Hong Kong Securities Clearing Foreign
1.85% 187,566,953 inapplicable
Company Limited legal entity
Domestic
Li Guoqing 0.95% 96,525,000 72,393,750 inapplicable
individual
Domestic
Xu Yuejuan 0.95% 96,525,000 inapplicable
individual
Domestic
Li Yongqing 0.95% 96,525,000 72,393,750 inapplicable
individual
Industrial and Commercial Bank of
China Limited - Huatai Berridge
Others 0.57% 57,551,651 inapplicable
CSI 300 Traded Open-End Index
Fund
Horizon Asset - Huaneng
Trust Jiayue No. 7 Single Fund
Others 0.54% 55,148,287 inapplicable
Trust Horizon Asset Huixin No. 43
Single Asset Management Plan
Huaneng Guicheng Trust
Corporation Limited - Huaneng
Others 0.49% 50,078,500 inapplicable
Trust - Rongyue Weicheng Pooled
Fund Trust Plan
Shareholdings of the top 10 shareholders not subject to sales restrictions (excluding shares lent through stock lending and
borrowing, and executive restricted shares)
Number of shares held Class and number of shares
Name of Shareholder
without sales restrictions Class of shares Number
RMB ordinary
Zhejiang Rongsheng Holding Group Co., Ltd. 5,361,583,209 5,361,583,209
shares
RMB ordinary
Aramco Overseas Company B.V. 1,012,552,501 1,012,552,501
shares
Hong Kong Securities Clearing Company Limited 187,566,953 RMB ordinary 187,566,953
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Third quarterly report 2024
shares
RMB ordinary
Li Shuirong 160,818,750 160,818,750
shares
RMB ordinary
Xu Yuejuan 96,525,000 96,525,000
shares
Industrial and Commercial Bank of China Limited
RMB ordinary
- Huatai Berridge CSI 300 Traded Open-End Index 57,551,651 57,551,651
shares
Fund
Horizon Asset - Huaneng Trust Jiayue No. 7
RMB ordinary
Single Fund Trust Horizon Asset Huixin No. 43 55,148,287 55,148,287
shares
Single Asset Management Plan
Huaneng Guicheng Trust Corporation Limited -
RMB ordinary
Huaneng Trust - Rongyue Weicheng Pooled Fund 50,078,500 50,078,500
shares
Trust Plan
RMB ordinary
Dai Deming 48,000,000 48,000,000
shares
RMB ordinary
Ni Xincai 47,925,000 47,925,000
shares
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
Explanation of the relationship or concerted action of Zhejiang Rongsheng Holding Group Co., Ltd., Xu Yuejuan is sister-in-
among the above shareholders law of Li Shuirong, 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.
Zhejiang Rongsheng Holding Group Co., Ltd. held 5,321,583,209 shares
Explanation of the top 10 shareholders’ participation
through an ordinary account and 40,000,000 shares through a credit
in securities margin trading (if any)
account.
Note: Among the top 10 shareholders, Rongsheng Petrochemical Co., Ltd. held 553,232,858 shares in its special
securities account for repurchase, accounting for 5.46% of the Company’s total share capital.
Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders of unrestricted shares
in circulation participating in stock lending and borrowing.
□ Applicable Not applicable
Outstanding changes in the top 10 shareholders and top 10 shareholders of unrestricted share from the previous
period due to stock lending/return under the stock lending and borrowing program.
□ Applicable Not applicable
(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
The Company's wholly-owned subsidiary, Ningbo Zhongjin Petrochemical Co., Ltd., has applied to the
Ningbo Branch of the People's Insurance Company of China (PICC) for a customs duty guarantee insurance limit
of no more than RMB 400 million. The guarantee period is from September 1, 2024, to August 31, 2025, and the
company will provide joint liability guarantee for this application, subject to the terms agreed upon in the letter of
guarantee signed by both parties.
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Third quarterly report 2024
IV. Quarterly Financial Statements
(i) Financial statements
1. Consolidated balance sheet
Prepared by: Rongsheng Petrochemical Co., Ltd.
September 30, 2024
Unit: RMB
Item Ending balance Beginning balance
Current assets:
Cash and cash equivalents 29,946,705,808.99 13,070,255,466.02
Settlement reserves
Lending funds
Financial assets held for trading 520,794,342.58 310,087,429.45
Derivative financial assets
Notes receivable
Accounts receivable 5,204,941,804.69 4,737,733,703.66
Receivables financing 225,958,747.04 175,036,242.93
Advance payment 2,949,628,546.03 1,493,312,465.86
Premiums receivable
Reinsurance receivables
Reinsurance contract reserves
receivable
Other receivables 4,943,660,827.64 4,510,228,597.49
Of which: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventory 54,574,968,236.78 61,733,657,342.07
Of which: data resources
Contract assets
Assets held for sale
Non-current assets due within one year
Other current assets 4,133,871,117.75 5,297,128,974.31
Total current assets 102,500,529,431.50 91,327,440,221.79
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables
Long-term equity investments 9,449,461,031.57 9,183,711,444.96
Other equity instrument investments
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Third quarterly report 2024
Other non-current financial assets
Investment property 10,191,990.10 10,395,574.60
Fixed assets 212,414,266,334.48 219,699,679,397.52
Construction in progress 57,930,243,357.90 41,820,671,070.59
Productive biological assets
Oil and gas assets
Right-of-use assets 184,456,840.11 200,102,141.16
Intangible assets 7,975,429,450.81 7,128,930,412.44
Of which: data resources
Development expenses
Of which: data resources
Goodwill
Long-term deferred expenses 45,701.13
Deferred tax assets 725,055,281.50 690,808,878.08
Other non-current assets 4,643,527,157.03 4,856,655,469.41
Total non-current assets 293,332,631,443.50 283,591,000,089.89
Total assets 395,833,160,875.00 374,918,440,311.68
Current liabilities:
Short-term borrowings 41,132,679,714.20 44,810,936,767.94
Borrowings from the central bank
Borrowings from other banks
Financial liabilities held for trading 1,334,059,047.59 623,298,741.33
Derivative financial liabilities
Notes payable 3,119,616,971.70 4,195,471,402.63
Accounts payable 68,887,258,801.07 49,744,126,901.38
Advance receipts
Contract liabilities 6,135,969,018.94 4,421,732,432.83
Financial assets sold under repurchase
agreements
Deposits and interbank deposits
Agency securities trading funds
Agency underwriting securities funds
Employee compensation payable 917,329,968.36 1,032,220,776.56
Taxes payable 2,391,295,793.61 476,781,167.70
Other accounts payable 12,985,415,931.97 16,919,133,504.47
Of which: Interest payable
Dividends payable 228,000,000.00
Handling charges and commission
payable
Reinsurance payables
Liabilities held for sale
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Third quarterly report 2024
Non-current liabilities due within one
32,103,314,715.72 30,286,684,174.81
year
Other current liabilities 768,010,212.97 551,990,844.96
Total current liabilities 169,774,950,176.13 153,062,376,714.61
Non-current liabilities:
Reserves for insurance contracts
Long term borrowings 128,742,099,804.18 125,179,583,821.18
Bonds payable
Of which: Preferred shares
Perpetual bond
Lease liabilities 176,951,006.03 193,002,312.38
Long-term payable
Long-term employee compensation
payable
Estimated liabilities
Deferred income 188,661,263.45 195,581,593.25
Deferred income tax liabilities 1,661,419,023.50 1,619,074,228.97
Other non-current liabilities
Total non-current liabilities 130,769,131,097.16 127,187,241,955.78
Total liabilities 300,544,081,273.29 280,249,618,670.39
Owner’s equity:
Share capital 10,125,525,000.00 10,125,525,000.00
Other equity instruments
Of which: Preferred shares
Perpetual bond
Capital reserve 10,826,792,988.46 10,825,322,259.36
Less: Treasury stock 6,987,009,623.02 6,619,807,176.02
Other comprehensive income 101,591,923.60 110,203,866.35
Special reserves 27,009,650.80 60,677,296.91
Surplus reserves 974,151,644.68 974,151,644.68
General risk provision
Undistributed profits 28,779,180,761.13 28,859,818,194.51
Total owner’s equity attributable to the
43,847,242,345.65 44,335,891,085.79
parent company
Minority interests 51,441,837,256.06 50,332,930,555.50
Total owners' equity 95,289,079,601.71 94,668,821,641.29
Total liabilities and owners' equity 395,833,160,875.00 374,918,440,311.68
Legal representative: Li Shuirong Person in charge of accounting work: Wang Yafang Person in charge of the accounting firm:
Zhang Shaoying
2. Consolidated statement of income from the beginning of the year to the end of the reporting period
Unit: RMB
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Third quarterly report 2024
Amount incurred in the previous
Item Current amount incurred
period
I. Gross operating income 245,196,312,192.22 239,047,311,585.82
Of which: Operating income 245,196,312,192.22 239,047,311,585.82
Interest income
Premiums earned
Handling charge and
commission income
II. Gross operating costs 244,885,600,066.20 240,281,225,603.42
Of which: Operating costs 215,370,264,931.91 210,858,895,446.59
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 19,424,672,923.43 16,691,424,365.90
Sales expense 138,759,022.60 128,848,238.16
Administrative expenses 792,128,845.68 596,944,694.44
R&D expenses 3,772,813,961.10 6,166,182,914.40
Financial expenses 5,386,960,381.48 5,838,929,943.93
Of which: Interest expense 5,231,950,312.07 5,473,478,558.95
Interest income 387,056,811.27 334,625,288.00
Add: Other income 1,979,623,413.17 114,686,013.53
Investment income (loss
-127,820,753.53 174,510,647.68
recognized with "-")
Of which: Income from
investments in associates and joint 255,317,245.61 293,441,068.40
ventures
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 "-
82,370,581.01 378,216,565.59
") on change in fair value
Credit impairment losses (losses
-104,498,154.44 -24,948,118.42
recognized with "-")
Loss on assets impairment (losses
-1,013,849.48 -57,719,683.02
recognized with "-")
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Third quarterly report 2024
Gains (losses recognized with "-
5,068,742.88 3,771,329.84
") on disposal of assets
III. Operating profit (losses recognized
2,144,442,105.63 -645,397,262.40
with "-")
Add: Non-operating income 8,002,004.37 2,330,318.67
Less: Non-operating expenses 50,190,268.80 11,124,531.88
IV. Total profit (total losses recognized
2,102,253,841.20 -654,191,475.61
with "-")
Less: Income tax expense 298,164,471.89 -721,977,896.97
V. Net profit (net loss recognized with "-
1,804,089,369.31 67,786,421.36
")
(i) by business continuity
1. Net profit from continuing
1,804,089,369.31 67,786,421.36
operations (net loss recognized with "-")
2. Net profit from discontinued
operations (net loss recognized with "-")
(ii) by ownership
1. Net profit attributable to
shareholders of the parent company (net 876,677,020.82 107,602,853.66
losses recognized with "-")
2. Minority shareholders' gains and
927,412,348.49 -39,816,432.30
losses (net losses recognized with "-")
VI. Other comprehensive income after
-25,003,927.66 171,255,461.92
tax
Other comprehensive income
attributable to owners of the parent -8,611,942.75 168,730,751.65
company after tax
(i) Other comprehensive
income which cannot be reclassified -590,642.24
to gains and losses
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 Co
mpany's own credit risk
5. Other -590,642.24
(ii) Other comprehensive income to
-8,021,300.51 168,730,751.65
be reclassified to gains or losses
1. Other comprehensive income
available for transfer to gains or losses 31,264,062.93 -23,736,734.91
under the equity method
2. Changes in fair value of other
creditors investments
3. Amount of financial assets
reclassified into other comprehensive
income
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Third quarterly report 2024
4. Provision for credit impairment
of other debt investments
5. Cash flow hedge reserve
6. Difference in translation of
-39,285,363.44 192,467,486.56
foreign currency financial statements
7. Other
Other comprehensive income
attributable to minority shareholders -16,391,984.91 2,524,710.27
after tax
VII. Total comprehensive income 1,779,085,441.65 239,041,883.28
(i) Total comprehensive income
attributable to owners of the parent 868,065,078.07 276,333,605.31
company
(ii) Total comprehensive income
911,020,363.58 -37,291,722.03
attributable to minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.09 0.01
(ii) Diluted earnings per share 0.09 0.01
Legal representative: Li Shuirong Person in charge of accounting work: Wang Yafang Person in charge of the accounting firm:
Zhang Shaoying
3. Consolidated cash flow statement from the beginning of the year to the end of the reporting period
Unit: RMB
Item Current period's incidence Prior period's incidence
I. Cash flows from operating activities:
Cash received from sales of goods and
275,403,353,930.66 274,866,301,259.77
services
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
Net increase in borrowing funds
Net increase in repurchase business
capital
Net cash received from securities
trading agency
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Third quarterly report 2024
Refunds of taxes and levies 5,027,967,123.04 5,648,797,165.48
Cash received relating to other
3,289,326,469.98 4,915,402,756.91
operating activities
Subtotal of cash inflows for operating
283,720,647,523.68 285,430,501,182.16
activities
Cash paid for goods purchased and
241,595,326,477.71 262,355,709,952.97
services received
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
3,028,083,821.05 3,038,294,442.60
employees
Payments of all types of taxes 17,474,462,782.72 18,354,569,355.34
Cash paid relating to other operating
1,906,313,297.90 3,932,198,026.00
activities
Subtotal of cash outflows from operating
264,004,186,379.38 287,680,771,776.91
activities
Net cash flow from operating activities 19,716,461,144.30 -2,250,270,594.75
II. Cash flows from investing activities:
Cash received from investment
2,117,925,440.32 2,126,232,888.36
recovery
Cash received from the return on
13,228,639.60 39,812,378.80
investment
Net cash received from the disposal of
fixed assets, intangible assets and other 259,399,359.92 26,760,909.35
long-term assets
Net cash received from the disposal of
18,698,663.16
subsidiaries and other business units
Cash received relating to other
59,442,128.95 334,509,631.18
investing activities
Subtotal of cash inflows from investing
2,449,995,568.79 2,546,014,470.85
activities
Cash paid for purchase and
construction of fixed assets, intangible 24,471,599,974.54 21,535,470,579.16
assets and other long-term assets
Cash paid for investments 1,811,183,298.84 2,068,508,327.57
Net increase in pledge loans
Net cash paid for acquisition of
subsidiaries and other business units
Cash paid relating to other investing
78,973,342.66 239,472,399.55
activities
Subtotal of cash outflows from investing 26,361,756,616.04 23,843,451,306.28
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Third quarterly report 2024
activities
Net cash flow from investment activities -23,911,761,047.25 -21,297,436,835.43
III. Cash flow from financing activities:
Cash received from absorption of
228,000,000.00 28,199,000.00
investment
Including: cash received by
subsidiaries from investments of 228,000,000.00
minority shareholders
Cash received from borrowings 100,091,778,736.68 107,937,870,424.39
Cash received relating to other
33,099,227,104.29 18,669,000,000.00
financing activities
Subtotal of cash inflows from financing
133,419,005,840.97 126,635,069,424.39
activities
Cash paid for repayment of debts 98,277,461,250.13 72,204,310,393.23
Cash paid for distribution of dividends
7,102,693,648.85 7,575,972,648.95
and profits or payment of interests
Including: dividends or profits paid
228,000,000.00
by subsidiaries to minority shareholders
Cash paid relating to other financing
7,190,024,667.49 8,057,520,433.04
activities
Subtotal of cash outflows from financing
112,570,179,566.47 87,837,803,475.22
activities
Net cash flow from financing activities 20,848,826,274.50 38,797,265,949.17
IV. Effect of change in exchange rate on
-245,375,624.97 -289,373,874.63
cash and cash equivalents
V. Net increase in cash and cash
16,408,150,746.58 14,960,184,644.36
equivalents
Add: opening balance of cash and cash
11,486,855,097.52 15,459,279,803.77
equivalents
VI. Ending balance of cash and cash
27,895,005,844.10 30,419,464,448.13
equivalents
(II) Financial statements related to adjustments to items at the beginning of the year of
first-time implementation of new accounting standards from 2024 onwards
□Applicable Not applicable
(III) Audit reports
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 29, 2024
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