Stock code: 002493 Stock abbreviation: Rongsheng Petrochemical Announcement No.: 2024-035
Rongsheng Petrochemical Co., Ltd.
2024 First Quarterly Report
The Company and all members of the Board of Directors warrant that the informationdisclosed is true, accurate and complete, and has no false representations, misleadingstatements or material omissions.
Important notice:
1. The Board of Directors, the Board of Supervisors and the directors, supervisors and senior managementwarrant that the quarterly report is true, accurate, and complete and has no false representations, misleadingstatements or material omissions, and assume several and joint liabilities.
2. The person in charge of the Company, the person in charge of the accounting affairs and the person in chargeof the accounting firm (accounting officer), hereby make representations in respect of the truthfulness, accuracyand completeness of the financial statements in this quarterly report.
3. Whether the First Quarterly Report has been audited
□Yes ?No
I. Key Financial Data(I) Key accounting data and financial indicatorsWhether the Company needs to retroactively adjust or restate prior years’ accounting data
□Yes ?No
| Current reporting period | Same period last year | Increase/decrease in the current reporting period over the same period last year (%) | |
| Operating income (RMB) | 81,088,312,171.89 | 69,720,518,872.77 | 16.30% |
| Net profit attributable to shareholders of the listed company (RMB) | 552,356,783.62 | -1,467,816,809.90 | 137.63% |
| Net profit attributable to shareholders of the listed company net of non-recurring gain and loss (RMB) | 474,627,417.74 | -1,572,912,484.98 | 130.18% |
| Net cash flow from operating activities (RMB) | 4,129,270,983.86 | -11,060,718,806.71 | 137.33% |
| Basic earnings per share (RMB per share) | 0.06 | -0.15 | 140.00% |
| Diluted earnings per share (RMB per share) | 0.06 | -0.15 | 140.00% |
| Weighted average return on net assets | 1.24% | -3.15% | 4.39% |
| End of the reporting period | End of last year | Increase/decrease at the end of the reporting period over the end of last year (%) | |
| Total assets (RMB) | 380,804,493,762.52 | 374,918,440,311.68 | 1.57% |
| Owner’s equity attributable to shareholders of the listed company (RMB) | 44,553,446,510.45 | 44,335,891,085.79 | 0.49% |
(II) Items and amounts of non-recurring gain and loss?Applicable □Not applicable
Unit: RMB
| Items | Amount in the current reporting period | Notes |
| Gains on disposal of non-current assets (including write-off of provision for impairment) | 5,704,105.35 | |
| Government subsidies included in the current profits and losses (except those closely related to the Company's normal business operations, which are in line with national policies, enjoyed according to certain standards, and have a continuous impact on the Company's profits and losses) | 2,972,352.08 | |
| Gains on changes in fair value of financial assets and financial liabilities held by non-financial enterprises, and gains from disposal of financial assets and financial liabilities, excluding those arising from hedging business related to operating activities | 82,723,020.70 | |
| Fund possession charge from non-financial entities and included in profit or loss | 107,025.15 | |
| Other non-operating revenues and expenditures except for the aforementioned items | 7,013,519.03 | |
| Other profit/loss items falling within the definition of non-recurring gain or loss | 21,037,340.56 | |
| Less: Affected amount of income tax | 15,142,407.78 | |
| Affected amount of minority shareholders’ equity (after tax) | 26,685,589.21 | |
| Total | 77,729,365.88 | -- |
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 ExplanatoryAnnouncement No. 1 on Information Disclosure of Companies Publicly Issuing Securities-Non-recurring Gainsand 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?Applicable □Not applicable
Unit：RMB 10,000
| Balance sheet items | Ending balance in the reporting period | Ending balance of the previous year | Variations | Reasons for change |
| Receivables financing | 27,224.00 | 17,503.62 | 55.53% | Mainly due to the increase in bankers’ acceptance bills for goods received by the Company |
| Prepayment | 321,307.01 | 149,331.25 | 115.16% | Mainly due to the increase in prepayment for raw materials |
| Employee benefits payable | 47,559.90 | 103,222.08 | -53.92% | Mainly due to the decrease in the Company’s outstanding employee remuneration payable at the end of the period |
| Taxes and rates payable | 168,142.66 | 47,678.12 | 252.66% | Mainly due to the increase in consumption tax payable by the Company at the end of the period |
| Income statement items | Beginning of year to end of reporting period | Same period last year | Variations | Reasons for change |
| Financial expenses | 189,530.61 | 109,835.70 | 72.56% | Mainly due to the decrease in the Company’s foreign exchange gain in the current period |
| Gain from change in fair value | 2,525.85 | 13,898.88 | -81.83% | Mainly due to the decrease in the Company’s floating income from paper goods in the current period |
| Other income | 35,242.18 | 5,159.51 | 583.05% | Mainly due to tax credits of the Company in accordance with policies in the current period |
| Investment income | -2,990.56 | 3,825.47 | -178.17% | Mainly due to the decrease in the Company’s long-term equity income accounted for under the equity method in the current period |
| Income tax expenses | 17,146.18 | -63,207.60 | -127.13% | Mainly due to the increase in income tax expense as a result of the increase in total profit compared with the same period last year |
| Cash flow statement items | Beginning of year to end of reporting period | Same period last year | Variations | Reasons for change |
| Net cash flow from operating activities | 412,927.10 | -1,106,071.88 | -137.33% | Mainly due to the year-on-year increase in net cash receipts from the Company’s purchases and sales in the current period |
| Net cash flow from investment activities | -945,571.54 | -703,650.59 | 34.38% | Mainly due to the increase in cash paid for long-term assets acquired by the Company in the current period |
| Net cash flow from financing | 1,435,269.97 | 1,945,595.07 | 26.23% | Mainly due to the decrease in net increase in the |
| activities | Company’s bank borrowings year-on-year |
II. Shareholders’ Information
(I) Total number of shareholders of ordinary shares and shareholders of preferred shares with restoredvoting rights, and shareholdings of the top ten shareholders
Unit: share
| Total number of common shareholders at the end of the reporting period | 100,234 | Total number of shareholders of preferred shares with restored voting rights at the end of the reporting period (if any) | 0 | ||||
| Top 10 shareholders (excluding shares lent through refinancing) | |||||||
| Name of shareholders | Nature of shareholder | Shareholding ratio （%） | Number of shares held | Number of shares held subject to sales restrictions | Pledge, marking or freezing | ||
| Status of shares | Number | ||||||
| Zhejiang Rongsheng Holding Group Co., Ltd. | Domestic non-state-owned legal person | 51.81% | 5,246,113,794 | N/A | |||
| Aramco Overseas Company B.V. | Foreign legal person | 10.00% | 1,012,552,501 | N/A | |||
| Li Shuirong | Domestic natural person | 6.35% | 643,275,000 | 482456250 | N/A | ||
| Hong Kong Securities Clearing Company Limited | Foreign legal person | 1.54% | 156,142,384 | N/A | |||
| Li Guoqing | Domestic natural person | 0.95% | 96,525,000 | 72393750 | N/A | ||
| Xu Yuejuan | Domestic natural person | 0.95% | 96,525,000 | N/A | |||
| Li Yongqing | Domestic natural person | 0.95% | 96,525,000 | 72393750 | N/A | ||
| Horizon Asset - Huaneng Trust · Jiayue No. 7 Single Fund Trust - Horizon Asset Huixin No. 43 Single Asset Management Plan | Others | 0.54% | 55,148,287 | N/A | |||
| Huaneng Guicheng Trust Corporation Limited - Huaneng Trust · Rongyue Weicheng Pooled Fund Trust Plan | Others | 0.49% | 50,078,500 | N/A | |||
| Ni Xincai | Domestic natural person | 0.47% | 47,925,000 | N/A | |||
| Shareholdings of the top 10 shareholders not subject to sales restrictions | |||
| Name of shareholders | Number of shares held without sales restrictions | Class of shares | |
| Class of shares | Number | ||
| Zhejiang Rongsheng Holding Group Co., Ltd. | 5,246,113,794 | RMB ordinary shares | 5,246,113,794 |
| Aramco Overseas Company B.V. | 1,012,552,501 | RMB ordinary shares | 1,012,552,501 |
| Li Shuirong | 160,818,750 | RMB ordinary shares | 160,818,750 |
| Hong Kong Securities Clearing Company Limited | 156,142,384 | RMB ordinary shares | 156,142,384 |
| Xu Yuejuan | 96,525,000 | RMB ordinary shares | 96,525,000 |
| Horizon Asset - Huaneng Trust · Jiayue No. 7 Single Fund Trust - Horizon Asset Huixin No. 43 Single Asset Management Plan | 55,148,287 | RMB ordinary shares | 55,148,287 |
| Huaneng Guicheng Trust Corporation Limited - Huaneng Trust · Rongyue Weicheng Pooled Fund Trust Plan | 50,078,500 | RMB ordinary shares | 50,078,500 |
| Ni Xincai | 47,925,000 | RMB ordinary shares | 47,925,000 |
| Hangzhou Mingzhu Enterprise Management Partnership (Limited Partnership) | 39,838,466 | RMB ordinary shares | 39,838,466 |
| Penghua Fund - China Life Insurance Co., Ltd. - Participating Insurance - Penghua Fund State Life Stock Growth Equity Portfolio Single Asset Management Plan (Available for Sale) | 36,595,081 | RMB ordinary shares | 36,595,081 |
| Explanation of the relationship or concerted action among the above shareholders | 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 Rongsheng Holding Group Co., Ltd., Xu Yuejuan is sister-in-law of Li 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’ participation in securities margin trading (if any) | Zhejiang Rongsheng Holding Group Co., Ltd. holds 5,206,113,794 shares through an ordinary account and 40,000,000 shares through a credit account. | ||
Note: Among the top 10 shareholders, Rongsheng Petrochemical Co., Ltd. held 552,380,458 shares in its specialsecurities account for repurchase, accounting for 5.46% of the Company’s total share capital.The lending of shares by the shareholders holding more than 5% of shares, top ten shareholders and top tenshareholders of circulating shares not subject to selling restrictions in the refinancing business
□Applicable ?Not applicable
Change from the previous period due to lending/returning of shares from/to the top ten shareholders and top tenshareholders of circulating shares not subject to selling restrictions in the refinancing business
□Applicable ?Not applicable
(II) The total number of shareholders of preferred shares of the Company and the shareholdings of thetop 10 shareholders of preferred shares
□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.
March 31, 2024
Unit: RMB
| Items | Closing balance | Opening balance |
| Current assets: | ||
| Monetary fund | 22,085,427,589.48 | 13,070,255,466.02 |
| Settlement funds | ||
| Loans to other banks | ||
| Held-for-trading financial assets | 278,313,692.91 | 310,087,429.45 |
| Derivative financial assets | ||
| Notes receivable | ||
| Accounts receivable | 4,527,525,896.22 | 4,737,733,703.66 |
| Receivables financing | 272,239,966.60 | 175,036,242.93 |
| Advances paid | 3,213,070,069.10 | 1,493,312,465.86 |
| Premiums receivable | ||
| Reinsurance accounts receivable | ||
| Reinsurance contract reserve receivable | ||
| Other receivables | 4,283,783,859.94 | 4,510,228,597.49 |
| Including: Interest receivables | ||
| Dividends receivable | ||
| Redemptory monetary capital for sale | ||
| Inventories | 55,237,461,019.28 | 61,733,657,342.07 |
| Including: Data resources |
| Contract assets | ||
| Assets held for sale | ||
| Non-current assets due within one year | ||
| Other current assets | 4,635,885,805.30 | 5,297,128,974.31 |
| Total current assets | 94,533,707,898.83 | 91,327,440,221.79 |
| Non-current assets: | ||
| Loans and advances | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | ||
| Long-term equity investments | 9,262,885,084.00 | 9,183,711,444.96 |
| Other equity instrument investments | ||
| Other non-current financial assets | ||
| Investment property | 10,327,713.10 | 10,395,574.60 |
| Fixed assets | 215,959,642,059.52 | 219,699,679,397.52 |
| Construction in progress | 48,217,275,287.36 | 41,820,671,070.59 |
| Productive biological assets | ||
| Oil & gas assets | ||
| Right-of-use assets | 196,334,314.98 | 200,102,141.16 |
| Intangible assets | 8,047,209,820.83 | 7,128,930,412.44 |
| Including: Data resources | ||
| Development expenditures | ||
| Including: Data resources | ||
| Goodwill | ||
| Long-term deferred expense | 45,701.13 | |
| Deferred tax assets | 721,038,004.97 | 690,808,878.08 |
| Other non-current assets | 3,856,073,578.93 | 4,856,655,469.41 |
| Total non-current assets | 286,270,785,863.69 | 283,591,000,089.89 |
| Total assets | 380,804,493,762.52 | 374,918,440,311.68 |
| Current liabilities: | ||
| Short-term borrowings | 49,478,542,204.66 | 44,810,936,767.94 |
| Central bank loans | ||
| Loans from other banks |
| Held-for-trading financial liabilities | 588,321,308.64 | 623,298,741.33 |
| Derivative financial liabilities | ||
| Notes payable | 4,029,642,868.75 | 4,195,471,402.63 |
| Accounts payable | 47,176,093,945.47 | 49,744,126,901.38 |
| Advances received | ||
| Contract liabilities | 3,263,730,848.76 | 4,421,732,432.83 |
| Financial liabilities under repo | ||
| Absorbing deposit and interbank deposit | ||
| Deposits for agency security transaction | ||
| Deposits for agency security underwriting | ||
| Employee benefits payable | 475,598,983.90 | 1,032,220,776.56 |
| Taxes and rates payable | 1,681,426,588.75 | 476,781,167.70 |
| Other payables | 15,425,993,518.14 | 16,919,133,504.47 |
| Including: Interests payable | ||
| Dividends payable | 228,000,000.00 | 228,000,000.00 |
| Handling fees and commissions payable | ||
| Reinsurance accounts payable | ||
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 30,509,962,010.15 | 30,286,684,174.81 |
| Other current liabilities | 406,698,171.24 | 551,990,844.96 |
| Total current liabilities | 153,036,010,448.46 | 153,062,376,714.61 |
| Non-current liabilities: | ||
| Insurance policy reserve | ||
| Long-term borrowings | 130,264,385,948.41 | 125,179,583,821.18 |
| Bonds payable | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Lease liabilities | 187,732,441.45 | 193,002,312.38 |
| Long-term payables | ||
| Long-term employee benefits payable | ||
| Estimated liabilities | ||
| Deferred income | 188,983,856.17 | 195,581,593.25 |
| Deferred income liabilities | 1,691,713,181.18 | 1,619,074,228.97 |
| Other non-current liabilities | ||
| Total non-current liabilities | 132,332,815,427.21 | 127,187,241,955.78 |
| Total liabilities | 285,368,825,875.67 | 280,249,618,670.39 |
| Owner’s equity: | ||
| Share capital | 10,125,525,000.00 | 10,125,525,000.00 |
| Other equity instruments | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 10,825,808,139.15 | 10,825,322,259.36 |
| Less: Treasury shares | 6,979,971,201.56 | 6,619,807,176.02 |
| Other comprehensive income | 129,834,223.20 | 110,203,866.35 |
| Special reserve | 65,923,726.85 | 60,677,296.91 |
| Surplus reserve | 974,151,644.68 | 974,151,644.68 |
| General risk reserve | ||
| Undistributed profit | 29,412,174,978.13 | 28,859,818,194.51 |
| Total equity attributable to the parent company | 44,553,446,510.45 | 44,335,891,085.79 |
| Minority equity | 50,882,221,376.40 | 50,332,930,555.50 |
| Total equity | 95,435,667,886.85 | 94,668,821,641.29 |
| Total liabilities & equity | 380,804,493,762.52 | 374,918,440,311.68 |
Legal representative: Li Shuirong Officer in charge of accounting: Wang Yafang Head of accounting firm: Zhang Shaoying
2. Consolidated income statement
Unit: RMB
| Items | Current period cumulative | Preceding period comparative |
| I. Total operating revenue | 81,088,312,171.89 | 69,720,518,872.77 |
| Including: operating revenue | 81,088,312,171.89 | 69,720,518,872.77 |
| Interest income | ||
| Premiums earned | ||
| Handling fees and commissions | ||
| II. Total operating cost | 80,129,366,950.93 | 73,384,892,565.73 |
| Including: Operating cost | 69,689,532,945.07 | 66,685,174,009.31 |
| Interest expenses | ||
| Handling fees and commissions |
| Surrender value | ||
| Net payment of insurance claims | ||
| Net appropriation of reserves for insurance liability | ||
| Premium bonus expenditures | ||
| Reinsurance expenses | ||
| Taxes and surcharges | 7,108,078,282.93 | 4,110,642,568.99 |
| Selling expenses | 37,189,397.04 | 53,674,363.56 |
| Administrative expenses | 206,168,697.22 | 178,948,175.23 |
| R&D expenses | 1,193,091,516.38 | 1,258,096,443.54 |
| Financial expenses | 1,895,306,112.29 | 1,098,357,005.10 |
| Including: Interest expenses | 1,813,336,399.31 | 1,820,192,217.50 |
| Interest income | 118,530,661.38 | 159,489,774.49 |
| Add: Other income | 352,421,758.54 | 51,595,149.78 |
| Investment income (losses expressed with “-”) | -29,905,606.95 | 38,254,714.92 |
| Including: Investment income from associates and joint ventures | 68,496,162.46 | 180,578,618.18 |
| Gains from derecognition of financial assets at amortized cost | ||
| Exchange gains (losses expressed with “-”) | ||
| Net exposure hedging gains (losses expressed with “-”) | ||
| Gains on changes in fair value (losses expressed with “-”) | 25,258,522.19 | 138,988,806.17 |
| Credit impairment loss (losses expressed with “-”) | -48,263,256.65 | -57,970,985.04 |
| Loss on assets impairment (losses marked with “-”) | -981,692.18 | |
| Gains on disposal of assets (losses expressed with “-”) | 5,704,105.35 | |
| III. Operating profit (losses expressed with “-”) | 1,263,179,051.26 | -3,493,506,007.13 |
| Add: non-operating income | 7,569,246.13 | 153,882.31 |
| Less: non-operating expenses | 557,313.60 | 213,368.18 |
| IV. Total profits (total losses expressed with “-”) | 1,270,190,983.79 | -3,493,565,493.00 |
| Less: income tax expenses | 171,461,784.77 | -632,075,994.21 |
| V. Net profit (net losses expressed with “-”) | 1,098,729,199.02 | -2,861,489,498.79 |
| (I) By business continuity | ||
| 1. Net profit from going concern (net losses expressed with “-”) | 1,098,729,199.02 | -2,861,489,498.79 |
| 2. Net profit from discontinued operations (net losses expressed with “-”) |
| (II) By ownership | ||
| 1. Net profit attributable to the owner of the parent company | 552,356,783.62 | -1,467,816,809.90 |
| 2. Minority equity income | 546,372,415.40 | -1,393,672,688.89 |
| VI. Other comprehensive income, net of tax | 16,749,448.69 | 3,465,785.57 |
| After-tax net of other comprehensive income attributable to the owners of parent company | 19,630,356.85 | 15,828,559.46 |
| (I) Not to be reclassified subsequently to profit or loss | -590,642.24 | |
| 1. Re-measurement of changes in defined benefit plans | ||
| 2. Other comprehensive income which may not be transferred to gain and loss under the equity method | ||
| 3. Changes in fair value of investment in other equity instruments | ||
| 4. Changes in fair value of the credit risk of the Company | ||
| 5. Others | -590,642.24 | |
| (II) Other comprehensive income which may be reclassified to gain and loss | 20,220,999.09 | 15,828,559.46 |
| 1. Other comprehensive income which may be transferred to gain and loss under the equity method | 12,582,979.88 | -50,033,754.51 |
| 2. Changes in fair value of other creditors investment | ||
| 3. Amount of financial assets reclassified into other comprehensive income | ||
| 4. Provision for credit impairment of other creditors investments | ||
| 5. Cash flow hedging reserves | ||
| 6. Difference in translation of foreign currency financial statements | 7,638,019.21 | 65,862,313.97 |
| 7. Others | ||
| Other comprehensive income attributable to minority shareholders, net of tax | -2,880,908.16 | -12,362,773.89 |
| VII. Total comprehensive income | 1,115,478,647.71 | -2,858,023,713.22 |
| Total comprehensive income attributable to owners of the parent company | 571,987,140.47 | -1,451,988,250.44 |
| Total comprehensive income attributable to minority shareholders | 543,491,507.24 | -1,406,035,462.78 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share | 0.06 | -0.15 |
| (II) Diluted earnings per share | 0.06 | -0.15 |
Legal representative: Li Shuirong Officer in charge of accounting: Wang Yafang Head of accounting firm: Zhang Shaoying
3. Consolidated cash flow statement
Unit: RMB
| Items | Current period cumulative | Preceding period comparative |
| I. Cash flow from operating activities: | ||
| Cash received from sales of goods or rendering of services | 88,428,593,585.76 | 82,509,656,914.92 |
| 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 insurance contracts | ||
| Net cash received from reinsurance business | ||
| Net increase in deposits and investment of the insured | ||
| Cash received from interests, handling charges and commissions | ||
| Net increase in borrowing funds | ||
| Net increase in repurchase business capital | ||
| Net cash received from securities trading agency | ||
| Refunds of taxes and levies | 1,958,361,629.02 | 658,735,846.53 |
| Cash received relating to other operating activities | 1,795,724,448.59 | 5,192,111,220.30 |
| Subtotal of cash inflows for operating activities | 92,182,679,663.37 | 88,360,503,981.75 |
| Cash paid for goods purchased and services received | 79,836,272,551.22 | 89,887,358,266.15 |
| Net increase in loans and advances to customers | ||
| 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 | 1,558,998,186.28 | 1,482,689,220.34 |
| Payments of all types of taxes | 5,112,583,789.96 | 3,970,279,709.58 |
| Cash paid relating to other operating activities | 1,545,554,152.05 | 4,080,895,592.39 |
| Subtotal of cash outflows from operating activities | 88,053,408,679.51 | 99,421,222,788.46 |
| Net cash flow from operating activities | 4,129,270,983.86 | -11,060,718,806.71 |
| II. Cash flows from investing activities: | ||
| Cash received from investment recovery | 761,449,460.70 | 886,211,784.32 |
| Cash received from the return on investment | ||
| Net cash received from the disposal of fixed assets, intangible assets and other long-term assets | 222,923,497.09 | |
| Net cash received from the disposal of subsidiaries and other business units | ||
| Cash received relating to other investing activities | 26,899,512.55 | 186,696,347.40 |
| Subtotal of cash inflows from investing activities | 1,011,272,470.34 | 1,072,908,131.72 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 9,942,349,586.69 | 6,883,187,849.56 |
| Cash paid for investments | 424,646,154.66 | 915,284,882.03 |
| Net increase in pledge loans | ||
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Cash paid relating to other investing activities | 99,992,166.91 | 310,941,341.34 |
| Subtotal of cash outflows from investing activities | 10,466,987,908.26 | 8,109,414,072.93 |
| Net cash flow from investment activities | -9,455,715,437.92 | -7,036,505,941.21 |
| III. Cash flow from financing activities: | ||
| Cash received from absorption of investment | ||
| Including: cash received by subsidiaries from investments of minority shareholders | ||
| Cash received from borrowings | 36,543,200,351.24 | 44,117,219,620.50 |
| Cash received relating to other financing activities | 9,448,341,833.32 | 1,656,000,000.00 |
| Subtotal of cash inflows from financing activities | 45,991,542,184.56 | 45,773,219,620.50 |
| Cash paid for repayment of debts | 26,952,016,657.62 | 21,754,327,896.96 |
| Cash paid for distribution of dividends and profits or payment of interests | 1,969,038,091.06 | 1,988,636,959.14 |
| Including: dividends or profits paid by subsidiaries to minority shareholders | ||
| Cash paid relating to other financing activities | 2,717,787,689.43 | 2,574,304,070.24 |
| Subtotal of cash outflows from financing activities | 31,638,842,438.11 | 26,317,268,926.34 |
| Net cash flow from financing activities | 14,352,699,746.45 | 19,455,950,694.16 |
| IV. Effect of change in exchange rate on cash and cash equivalents | -95,200,192.77 | 632,793,172.41 |
| V. Net increase in cash and cash equivalents | 8,931,055,099.62 | 1,991,519,118.65 |
| Add: opening balance of cash and cash equivalents | 11,486,855,097.51 | 15,459,279,803.77 |
| VI. Ending balance of cash and cash equivalents | 20,417,910,197.13 | 17,450,798,922.42 |
(II) Financial statements related to adjustments to items at the beginning of the year offirst-time implementation of new accounting standards from 2024 onwards
□Applicable ?Not applicable
(III) Audit reportWhether the First Quarterly Report has been audited
□Yes ?No
The First Quarterly Report of the Company has not been audited.
Board of Directors of Rongsheng Petrochemical Co., Ltd.
April 29, 2024