荣盛石化2025 Semi-annual Report

2025 Semi-annual Report1 / 188Rongsheng Petrochemical Co., Ltd.2025 Semi-annual Report[Disclosure Time]2025 Semi-annual Report1 / 188Section I Important Notice, Table of Contents and DefinitionsThe Board of Directors, the Board of Supervisors and the directors,supervisors and senior management of the Company confirm that the contentsin this semi-annual report are true, accurate, and complete and have no falserepresentations, misleading statements or material omissions, and they shallseverally and jointly accept legal responsibility for such contents.Li Shuirong, Chairman of the Company, Wang Yafang, the person incharge of the Company’s accounting and Zhang Shaoying, the person inchargeoftheAccountingFirm(AccountingOfficer),herebymakerepresentations in respect of the truthfulness, accuracy and completeness of thefinancial statements in this semi-annual report.All directors have attended the board meeting to deliberate this semi-annual report.The Company plans to pay no cash dividend, no bonus shares, and noconversion of capital with provident fund.The semi-annual report is prepared in both Chinese and English. In theevent of any inconsistency or ambiguity, the Chinese version shall prevail.2025 Semi-annual Report2 / 188ContentsSection I Important Notice, Table of Contents and Definitions.............................. 1Section II Company Profile and Key Financial Indicators......................................5Section III Management Discussion and Analysis....................................................8Section IV Corporate Governance, Environment, and Social Responsibilities.. 33Section V Important Matters.................................................................................... 35Section VI Changes in Shares and Shareholders....................................................58Section VII Bonds.......................................................................................................64Section VIII Financial Reports................................................................................. 65Section IX Other Submitted Data...........................................................................1892025 Semi-annual Report3 / 188Contents of Documents for Future Reference(1) The financial statements containing signature and seals of the person in charge of the Company, the person incharge of the accounting works and the person in charge of the Accounting Firm (Accounting Officer);(2) Written confirmation from directors, senior management and supervisors of the Company on the 2025 Semi-annual Report;(3) The originals of all company documents and announcements that are disclosed to the public via media designatedby CSRC during the reporting period;(4) The place where the above-mentioned documents are maintained: Office of the Board of Directors.2025 Semi-annual Report4 / 188DefinitionsTermRefers toDefinitionCompany, the Company, RongshengPetrocchemicalRefers toRongsheng Petrochemical Co., Ltd.Rongsheng HoldingRefers to