Financial Performance - The total operating revenue for 2016 was CNY 4,550,107.39 million, an increase of 58.69% compared to the previous year[3] - Operating profit reached CNY 217,917.99 million, reflecting a growth of 466.40% year-on-year[3] - The total profit amounted to CNY 223,726.67 million, up 446.66% from the previous year[4] - Net profit attributable to shareholders was CNY 192,726.59 million, representing a 447.33% increase compared to the previous year[5] - Basic earnings per share increased to CNY 0.76, a growth of 375% year-on-year[5] Return on Equity and Assets - The weighted average return on equity was 16.41%, up 11.16 percentage points from 5.25% in the previous year[3] - Total assets at the end of the reporting period were CNY 4,078,997.11 million, an increase of 8.85% from the beginning of the period[3] - Shareholders' equity attributable to the company was CNY 1,268,014.16 million, up 17.30% from the previous year[3] Profitability Drivers - The company’s net profit exceeded previous estimates of CNY 170,000 million to CNY 185,000 million, reaching CNY 192,726.59 million[6] - The increase in profitability was attributed to the smooth production of its wholly-owned subsidiary, Ningbo Zhongjin Petrochemical Co., and the gradual rise in international crude oil prices[5]

Financial Performance - Net profit attributable to shareholders surged by 552.89% to CNY 500.93 million for the reporting period[8] - Operating revenue rose by 78.53% to CNY 12.91 billion for the reporting period[8] - Basic earnings per share increased by 600.00% to CNY 0.20 for the reporting period[8] - The company reported a year-to-date net profit of CNY 1.23 billion, reflecting a 2,094.16% increase compared to the same period last year[8] - The company's investment income surged by 413.84% to ¥203.08 million, primarily driven by increased futures investment returns[18] - The increase in net profit is attributed to the continued benefits from the aromatics segment, improved gross margins in the PTA segment, and stable performance in the chemical fiber segment[21] Assets and Liabilities - Total assets increased by 15.37% to CNY 43.23 billion compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 10.75% to CNY 11.97 billion compared to the end of the previous year[8] - The total assets of the company increased significantly, with fixed assets rising by 31.03% to ¥19.19 billion[17] - The company's prepayments increased by 96.98% to ¥3.97 billion, mainly due to higher raw material payments by its subsidiary[17] - The long-term borrowings increased dramatically by 575.21% to ¥7.50 billion, attributed to project loans from its subsidiary[17] - The company's accounts receivable increased by 119.51% to ¥953.76 million, mainly due to an increase in bank acceptance bills received from customers[17] Cash Flow and Expenses - Net cash flow from operating activities grew by 199.06% to CNY 2.38 billion year-to-date[8] - Operating costs rose to ¥28.01 billion, reflecting a 50.89% increase due to higher sales volume[17] - The company's management expenses rose by 175.68% to ¥648.97 million, largely due to increased R&D expenditures[17] - The company's tax expenses increased by 1,704.63% to ¥394.41 million, reflecting higher profits from its subsidiary[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,061[12] - The company has committed to not transferring or entrusting the management of shares held by major shareholders for a period of 36 months from the date of the stock listing[20] - The company has no reported violations regarding external guarantees during the reporting period[25] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26] Corporate Governance and Compliance - The company’s commitment to avoid competition with its own business has been adhered to by major shareholders[20] - The company has conducted on-site research and communication activities with institutions on August 10 and September 20, 2016[27] Future Outlook - The estimated net profit attributable to shareholders for 2016 is projected to be between 170,000 and 185,000 million yuan, representing a year-on-year increase of 382.79% to 425.39%[21] - The company’s performance in the PTA segment is expected to improve, contributing positively to overall profitability[21] Financial Derivatives - The company’s financial derivatives reported a total amount of 1,091,763,217.03 yuan at the end of the reporting period[24] - The company’s futures trading recorded a total amount of 158,390,276.00 yuan at the end of the reporting period[24] Return on Equity - The weighted average return on equity was 4.24% for the reporting period[8] Non-Recurring Items - Non-recurring gains and losses totaled CNY 157.77 million for the reporting period[10]

Financial Performance - The company's operating revenue for the first half of 2016 was ¥18,502,080,939.63, representing a 51.00% increase compared to ¥12,252,785,568.74 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached ¥727,269,697.45, a significant increase of 336.58% from ¥166,583,362.57 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥641,083,648.25, up 293.97% from ¥162,723,553.39 year-on-year[20]. - The basic earnings per share increased to ¥0.29, a rise of 314.29% compared to ¥0.07 in the same period last year[20]. - The total profit reached ¥982,303,128.85, representing a growth of 433.11% year-on-year[29]. - The company reported a total comprehensive income of CNY 744.47 million for the first half of 2016, compared to CNY 167.75 million in the same period last year, indicating a growth of about 343.5%[155]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥44,734,015,493.62, reflecting a 19.38% increase from ¥37,473,514,934.17 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were ¥11,464,862,895.62, which is a 6.06% increase from ¥10,809,562,553.61 at the end of the previous year[20]. - Total liabilities increased to ¥31,170,446,843.86 from ¥24,590,820,627.05, a rise of approximately 26.5%[146]. - Long-term borrowings surged to ¥7,009,763,680.00 from ¥1,110,070,120.00, indicating a significant increase of about 530%[146]. Cash Flow - The net cash flow from operating activities was ¥143,356,069.14, showing a decrease of 88.22% compared to ¥1,217,183,305.59 in the same period last year[20]. - Cash flow from financing activities increased significantly to ¥6,595,072,283.55, a growth of 506.34% year-on-year[34]. - The ending balance of cash and cash equivalents was ¥4,764,867,453.67, significantly higher than ¥929,163,585.35 at the end of the previous period[161]. Research and Development - Research and development investment surged to ¥226,542,841.66, marking a 263.49% increase year-on-year[34]. - The company has established a strong R&D capability, with significant achievements including the recognition of its polyester filament as a "National Key New Product" in 2011[40]. Market and Industry - The company emphasized the importance of differentiated products and expanded its high-end market presence[35]. - The petrochemical industry showed stable performance, with the PTA sector maintaining a tight balance and a positive recovery trend[28]. - The company's revenue from the petrochemical industry reached ¥13,102,143,130.18, representing a year-on-year increase of 162.91%[37]. Shareholder and Equity Information - The company plans to distribute a cash dividend of 0.25 yuan per share, totaling 636,000 thousand yuan, based on a total share capital of 2,544,000,000 shares[64]. - The company’s total share capital after the issuance is 2,544,000,000 shares, with 91.64% being unrestricted[126]. - The company has a total of 185,850,000 limited sale shares before the recent changes[124]. Corporate Governance - All directors attended the board meeting to review the report, ensuring the accuracy and completeness of the financial statements[4]. - The company has maintained compliance with corporate governance standards as per the Company Law and relevant regulations[71]. Financial Ratios - The company's current ratio improved to 77.43% from 52.58%, an increase of 24.85% compared to the end of the previous year[114]. - The debt-to-asset ratio increased to 69.68% from 65.62%, a rise of 4.06% year-over-year[114]. - EBITDA interest coverage ratio improved to 2.85 from 2.68, representing a growth of 6.34% year-over-year[114]. Future Outlook - Future guidance includes maintaining a focus on expanding market presence and enhancing product offerings, with a commitment to innovation in new technologies[91]. - Overall, the company remains optimistic about future performance, projecting continued growth in revenue and user engagement[91].

Financial Performance - The company's operating revenue for 2015 was ¥28,673,732,758.07, a decrease of 9.86% compared to ¥31,810,846,150.01 in 2014[16] - The net profit attributable to shareholders for 2015 was ¥352,123,334.58, representing a significant increase of 201.44% from a loss of ¥347,126,866.37 in 2014[16] - The net profit after deducting non-recurring gains and losses was ¥296,869,092.15, up 188.20% from a loss of ¥336,596,317.10 in the previous year[16] - The basic earnings per share for 2015 was ¥0.16, compared to a loss of ¥0.16 per share in 2014, marking a 201.44% improvement[16] - The total assets at the end of 2015 were ¥37,473,514,934.17, an increase of 22.19% from ¥30,668,432,448.36 at the end of 2014[16] - The net assets attributable to shareholders increased by 64.70% to ¥10,809,562,553.61 from ¥6,563,349,222.43 in 2014[16] - The company reported a negative cash flow from operating activities of ¥1,070,447,483.97, a decline of 128.84% compared to a positive cash flow of ¥3,712,063,100.14 in 2014[16] - The weighted average return on equity for 2015 was 5.25%, a significant recovery from -5.11% in 2014[16] Revenue and Sales - In Q4, the company's operating revenue reached ¥9,192,050,517.18, showing a significant increase compared to previous quarters[20] - The net profit attributable to shareholders in Q4 was ¥296,147,330.77, marking a recovery from a loss in Q3[20] - The company reported a net cash flow from operating activities of -¥1,867,369,718.97 in Q4, indicating challenges in cash generation[20] - The domestic market contributed 90.80% of total revenue, while international sales surged by 1,297.82% to CNY 2.64 billion[40] - The total sales volume in the chemical fiber sector grew by 1.92% year-on-year, amounting to 1,040,151 tons in 2015, up from 1,020,562 tons in 2014[43] - The total sales revenue from the top five customers amounted to ¥5,696,535,631.86, accounting for 19.87% of the annual total sales[54] Production Capacity and Operations - The company holds approximately 28% of the national PTA production capacity, totaling around 1,340,000 tons[29] - The company has a PET fiber production capacity of 1.1 million tons per year, accounting for about 3% of the national total[29] - The company’s polyester fiber industry has shown signs of recovery due to reduced new capacity and increased downstream demand since the second half of 2014[37] - The sales volume in the petrochemical sector increased by 30.24% year-on-year, reaching 5,032,120 tons in 2015 compared to 3,863,861 tons in 2014[43] - The production volume in the petrochemical sector rose by 34.41% year-on-year, totaling 5,794,283 tons in 2015, up from 4,310,811 tons in 2014[43] Cost Management and Efficiency - The company has implemented cost reduction strategies, resulting in significant savings in procurement and operational costs[30] - The total operating costs for the petrochemical sector amounted to 18.34 billion yuan in 2015, a decrease of 12.73% from 20.97 billion yuan in 2014[46] - The company reported a decrease in raw material costs in the petrochemical sector, which accounted for 92.30% of total operating costs in 2015, down from 93.78% in 2014[46] - The company’s workforce costs in the petrochemical sector increased by 0.07% year-on-year, totaling 66.90 million yuan in 2015 compared to 61.94 million yuan in 2014[46] Research and Development - The company has established an "Academician Workstation" and a "Postdoctoral Research Station" to enhance its R&D capabilities[32] - Research and development (R&D) investment increased by 58.41% to ¥235,071,289.47, which is 0.82% of operating revenue[58] - The number of R&D personnel rose by 34.74% to 733, making up 11.11% of the total workforce[58] - The company is engaged in ongoing research and development efforts to enhance product offerings and market competitiveness[125] Strategic Initiatives and Future Plans - The company plans to distribute a cash dividend of ¥0.25 per 10 shares to all shareholders[4] - The company aims to improve its financing efficiency and optimize its asset-liability structure to enhance profitability[86] - The company is focusing on two major projects for 2016: normal production of the aromatics project and planning for differentiated polyester projects[86] - The company plans to enhance its vertical integration by expanding upstream in the petrochemical industry and developing new differentiated fiber products[85] Governance and Management - The company has a clear leadership structure with designated roles for each board member, ensuring accountability and strategic direction[177] - The management team includes professionals with advanced degrees and significant industry experience, which supports the company's operational effectiveness[176] - The company has maintained a consistent leadership presence since 2007, which contributes to its stability and long-term planning[178] - The company respects the rights of stakeholders, including shareholders, customers, and employees, aiming for balanced interests[191] Shareholder and Equity Information - The total number of shares increased from 1,112,000,000 to 2,224,000,000 due to a capital reserve conversion plan implemented on September 25, 2015, resulting in a 100% increase in share capital[159] - The proportion of limited sale shares remained at 8.36%, totaling 185,850,000 shares after the recent changes[157] - The company’s stock structure reflects a significant concentration of ownership among a few major shareholders, indicating potential governance implications[162] - The controlling shareholder of Rongsheng Petrochemical is Zhejiang Rongsheng Holding Group, which holds 76.89% of the company's shares[167] Financial Stability and Risk Management - The company’s asset-liability ratio decreased to 65.62%, down from 71.63% the previous year, indicating improved financial stability[147] - The company is facing economic fluctuation risks due to its reliance on the petrochemical and chemical fiber manufacturing industries, which are closely linked to national economic conditions[88] - The company is also exposed to raw material price fluctuation risks, particularly due to its position in the crude oil-chemical fiber supply chain[88] - The company plans to optimize its financing structure to mitigate risks associated with currency fluctuations as it expands its international strategy[88] Social Responsibility and Community Engagement - The company actively engages in social responsibility activities, including poverty alleviation and education[136] - The company has completed environmental certifications and actively conducts pollution reduction and energy-saving modifications[136]

Financial Performance - Revenue for Q1 2016 reached ¥7,214,963,698.99, an increase of 38.22% compared to ¥5,220,061,618.82 in the same period last year[8] - Net profit attributable to shareholders was ¥150,891,728.82, a significant increase of 1,169.07% from ¥11,889,962.34 year-on-year[8] - Net profit excluding non-recurring items was ¥149,486,423.90, up 1,175.58% from ¥11,719,122.44 in the previous year[8] - Basic earnings per share rose to ¥0.06, reflecting a 500.00% increase from ¥0.01 in the same quarter last year[8] - Operating revenue increased by 38.22% year-on-year, primarily due to the revenue growth of the subsidiary Ningbo Zhongjin Petrochemical Co., Ltd.[11] - The net profit attributable to shareholders for the first half of 2016 is expected to range from 70 million to 78 million yuan, representing a year-on-year increase of 320.21% to 368.23%[21] - The increase in net profit is driven by the gradual release of benefits from the aromatics project and stabilization in the PTA industry, leading to improved gross margins[21] Assets and Liabilities - Total assets increased by 11.98% to ¥41,962,888,603.78 from ¥37,473,514,934.17 at the end of the previous year[8] - Accounts receivable increased by 74.07%, primarily due to increased receivables from customers[16] - Inventory rose by 51.83%, mainly due to increased raw material stock at subsidiaries[16] - Other payables increased by 251.68%, mainly due to the increase in amounts payable to the parent company, Rongsheng Holding Group[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 18,197[12] - The largest shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., holds 70.36% of the shares, amounting to 1,789,999,904 shares[12] Compliance and Governance - The company has committed to not transferring or entrusting the management of shares held directly or indirectly for 36 months from the date of listing[18] - The company has maintained compliance with all commitments made during the IPO process[19] - There were no violations regarding external guarantees during the reporting period[24] - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] Operational Insights - Cash flow from operating activities decreased by 61.65% to ¥158,770,124.75 compared to ¥414,001,445.07 in the previous year[8] - Operating costs rose by 33.65% year-on-year, mainly attributed to the increased sales volume of Ningbo Zhongjin Petrochemical Co., Ltd.[11] - The company conducted multiple on-site investigations with institutions during February and March 2016[26]

Financial Performance - The net profit attributable to shareholders is expected to increase by 741.04% to 1043.82%, with a forecasted profit of between 100 million and 136 million CNY compared to 11.89 million CNY in the same period last year [3]. - The performance improvement is attributed to the contribution from the wholly-owned subsidiary Ningbo Zhongjin Petrochemical Co., Ltd.'s aromatics project [5]. - The PTA industry is experiencing a cyclical recovery, leading to improved supply-demand dynamics and an increase in product gross margins [5]. - The earnings forecast is based on preliminary calculations by the company's finance department and has not been audited by registered accountants [4]. - Investors are advised to exercise caution and consider investment risks as the specific financial data will be disclosed in the company's official Q1 2016 report [6].

Financial Performance - The total operating revenue for 2015 was CNY 2,874,559.94 million, a decrease of 9.64% compared to the previous year[3] - Operating profit increased to CNY 33,927.76 million, a growth of 146.87% year-on-year[4] - Net profit attributable to shareholders reached CNY 36,891.99 million, representing a significant increase of 206.28% from the previous year[5] - Basic earnings per share improved to CNY 0.15, compared to a loss of CNY 0.14 in the previous year[3] - The weighted average return on equity rose to 5.84%, an increase of 10.95 percentage points[3] Assets and Equity - Total assets at the end of the reporting period were CNY 3,723,652.76 million, up 21.42% from the beginning of the year[6] - Shareholders' equity attributable to the parent company increased by 64.96% to CNY 1,082,660.60 million[6] - The number of shares increased by 128.78% to 2,544,000,000 due to capital reserve conversion and private placement[6] Market Conditions - The gross profit margin for PTA products improved due to a recovery in downstream industries[5] - The company did not report any discrepancies between the current performance and the previous earnings forecast[7]

Financial Performance - Operating revenue decreased by 7.21% to CNY 7.23 billion for the current period, and by 22.05% to CNY 19.48 billion year-to-date[8] - Net profit attributable to shareholders was a loss of CNY 110.61 million, a decrease of 274.94% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY -0.05, a decrease of 266.67% year-on-year[8] - Net cash flow from operating activities decreased by 82.80% to CNY 796.92 million year-to-date[8] - The weighted average return on equity was -1.65%, down from -2.55% in the previous year[8] - Non-recurring gains and losses totaled CNY 25.86 million for the current period[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,215[12] Asset and Liability Changes - Total assets increased by 29.41% to CNY 39.69 billion compared to the end of the previous year[8] - Accounts receivable increased by 245.10% to ¥525,914,584.60 due to increased customer settlements via letters of credit[16] - Inventory rose by 86.28% to ¥3,420,826,337.69 primarily due to increased raw material stock at a subsidiary[16] - Short-term borrowings increased by 37.75% to ¥12,828,147,242.03 as a result of increased bank loans[16] - Other receivables surged by 1931.90% to ¥1,110,083,828.60 mainly due to increased amounts receivable from related parties[16] - Prepayments increased by 310.02% to ¥3,400,152,947.54 due to higher advance payments for raw materials[16] - Total liabilities increased significantly, with other payables rising by 23764.32% to ¥5,593,936,506.32 due to increased amounts owed to the parent company[16] Operational Efficiency - Management expenses rose by 67.97% to ¥235,403,691.32, reflecting increased R&D expenditures[16] - Investment income increased by 49.91% to ¥39,521,419.17, attributed to higher futures investment returns[16] - Fixed assets grew by 33.36% to ¥13,558,923,752.04 due to construction projects being completed at a subsidiary[16] - The company reported a significant increase in cash flow from operations, indicating improved liquidity and operational efficiency[16] Future Outlook - The company expects to turn a profit in 2015, with a projected net profit of up to 50,000,000 yuan compared to a net loss of 34,712.69 million yuan in 2014[19] - The increase in profitability is attributed to rising polyester prices driven by downstream textile demand and stable PTA prices[19] - The company anticipates that the successful commissioning of the Zhongjin project will contribute positively to its profits[19]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 荣盛石化股份有限公司 关于 2015 年三季度业绩预告修正公告 一、本期业绩预计情况 1、业绩预告期间：本次业绩预告修正涉及的具体会计期间为 2015 年 1 月 1 日至 2015 年 9 月 30 日。 2、前次业绩预告情况：荣盛石化股份有限公司（以下简称"公司"）于 2015 年 8 月 25 日在公司指定信息披露媒体《证券时报》、《中国证券报》、《证券 日报》及巨潮资讯网（http://www.cninfo.com.cn）上公告的《2015 年半年度 报告》全文中预计 2015 年 1～9 月归属于上市公司股东的净利润的变动区间为 15,000 万元～22,000 万元。 3、修正后的预计业绩： | □亏损 | □扭亏为盈 √同向上升 | □同向下降 | □其他 | | --- | --- | --- | --- | | 项目 | 本报告期 | | 上年同期 | | 归属于上市公司 股东的净利润 | 比上年同期上升：331%～381% | | 盈利：1,206.66万元 | | | 盈利：5,200万元～ ...

Financial Performance - The company's operating revenue for the reporting period was ¥12,252,785,568.74, a decrease of 28.78% compared to ¥17,203,619,760.52 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥166,583,362.57, representing a significant increase of 425.63% from a loss of ¥51,157,570.22 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥162,723,553.39, reflecting a growth of 671.30% compared to a loss of ¥28,483,209.40 last year[17]. - The net cash flow from operating activities was ¥1,217,183,305.59, down 63.79% from ¥3,361,872,166.89 in the previous year[17]. - Basic earnings per share increased to ¥0.15 from a loss of ¥0.05, marking a growth of 390.37%[17]. - Total assets at the end of the reporting period were ¥34,736,161,546.84, an increase of 13.26% from ¥30,668,432,448.36 at the end of the previous year[17]. - The total profit reached CNY 184,259,093.98, an increase of 408.72% year-on-year[25]. - The company achieved an operating profit of CNY 176,601,914.13, a turnaround from an operating loss of CNY 82,947,962.03 in the previous year[124]. Cash Flow and Investments - The net cash flow from operating activities was CNY 1,217,183,305.59, a decrease of 63.8% compared to CNY 3,361,872,166.89 in the previous period[130]. - The net cash flow from investment activities was -CNY 2,061,351,894.01, worsening from -CNY 1,514,886,498.76 in the previous period[131]. - Cash inflow from investment activities totaled CNY 1,724,830,359.47, compared to CNY 639,732,171.71, indicating a significant increase of 169.5%[131]. - The company invested approximately ¥2.88 billion in external investments, marking a slight decrease of 0.2% compared to the same period last year[35]. - The company plans to raise up to CNY 4 billion through a private placement to support the Ningbo Zhongjin Petrochemical project and improve liquidity[28]. Research and Development - Research and development expenses rose by 111.15% to CNY 62,325,133.57, indicating increased investment in innovation[26]. - The company has established a strong R&D capability, with significant achievements including the recognition of its polyester filament as a national key new product[34]. - Research and development efforts have led to the introduction of innovative technologies, enhancing product offerings and market competitiveness[85]. Market and Product Strategy - The company is focusing on enhancing product differentiation and expanding into high-end markets to improve competitiveness[28]. - The company is actively advancing the Zhongjin Petrochemical aromatics project, with construction and installation nearing completion[27]. - The company anticipates a revenue growth of approximately 10% for the second half of 2015, driven by market expansion and new product launches[86]. - Market expansion efforts are focused on increasing presence in emerging markets, targeting a 20% growth in these regions by the end of 2015[85]. Shareholder and Governance - The company did not make any profit distribution in the form of cash dividends or bonus shares for this reporting period[4]. - The company has conducted multiple investor meetings to discuss production capacity and future development directions[66]. - The governance practices of the company comply with relevant regulations, ensuring the protection of minority shareholders' rights[68]. - The company has commitments from major shareholders to avoid competition with the company[95]. Financial Position and Liabilities - Total liabilities reached CNY 25.92 billion, up from CNY 21.97 billion, which is an increase of approximately 18.5%[118]. - The company's equity attributable to shareholders rose to CNY 6.68 billion, compared to CNY 6.56 billion, an increase of approximately 1.8%[118]. - The total amount of guarantees approved for subsidiaries during the reporting period was 708,367, with an actual occurrence of 504,143.04[88]. - The company reported a total of 83,108.44 million yuan in related party transactions, accounting for 87.04% of the approved transaction amount of 300,000 million yuan[76]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[151]. - The company adheres to the enterprise accounting standards, ensuring that the financial statements reflect a true and complete picture of its financial status[152]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[200]. - The company recognizes revenue from the sale of goods when the significant risks and rewards of ownership have transferred to the buyer, and the revenue amount can be reliably measured[193].