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荣盛石化(002493) - 2024 Q3 - 季度财报
2024-10-29 12:37
Financial Performance - The company's operating revenue for Q3 2024 was ¥83,946,567,914.37, a decrease of 0.68% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥18,742,137.68, down 98.48% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,815,885.95, a decrease of 98.74% compared to the same period last year[2] - Total operating revenue for Q3 2024 reached ¥245.20 billion, an increase of 2.4% compared to ¥239.05 billion in Q3 2023[14] - Net profit for Q3 2024 was ¥1.80 billion, a significant recovery from a net loss of ¥654.19 million in Q3 2023[15] - Operating profit for Q3 2024 was ¥2.14 billion, compared to an operating loss of ¥645.40 million in the same period last year[14] - The company achieved a basic earnings per share of ¥0.09, up from ¥0.01 in the previous year[15] - The company reported a total comprehensive income of ¥1.78 billion for Q3 2024, compared to ¥239.04 million in Q3 2023[15] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥395,833,160,875.00, representing an increase of 5.58% from the end of the previous year[2] - The company reported a total asset of RMB 395.83 billion at the end of Q3 2024, an increase from RMB 374.92 billion at the beginning of the period, reflecting a growth of approximately 5.4%[10] - Current assets totaled RMB 102.50 billion, up from RMB 91.33 billion, indicating a growth of about 12.4%[10] - Total liabilities amounted to RMB 300.54 billion, compared to RMB 280.25 billion at the start of the period, marking an increase of around 7.2%[13] - The company's equity attributable to shareholders decreased slightly to RMB 43.85 billion from RMB 44.34 billion, a decline of about 1.1%[13] Cash Flow - The cash flow from operating activities for the year-to-date period reached ¥19,716,461,144.30, an increase of 976.18% year-on-year[6] - The company reported a net cash flow from operating activities of ¥19.72 billion, a turnaround from a negative cash flow of ¥2.25 billion in Q3 2023[17] - Net cash flow from investing activities was -$23.91 billion, compared to -$21.30 billion in the previous year, indicating an increase in cash outflow[18] - Cash inflow from financing activities totaled $133.42 billion, up from $126.64 billion year-over-year[18] - Cash outflow for debt repayment was $98.28 billion, significantly higher than $72.20 billion in the same quarter last year[18] - The net increase in cash and cash equivalents was $16.41 billion, compared to $14.96 billion in the previous year[18] - The ending balance of cash and cash equivalents was $27.90 billion, down from $30.42 billion year-over-year[18] Expenses - The company's R&D expenses for the year-to-date period were ¥377,281.40 million, a decrease of 38.81% compared to the previous year[6] - Research and development expenses decreased to ¥3.77 billion from ¥6.17 billion year-over-year, indicating a 38.8% reduction[14] - The company's management expenses increased by 32.70% year-on-year, totaling ¥79,212.88 million[6] - Total operating costs for Q3 2024 were ¥244.89 billion, slightly up from ¥240.28 billion in Q3 2023[14] - Tax expenses for Q3 2024 were ¥298.16 million, compared to a tax benefit of ¥721.98 million in Q3 2023[15] - Other comprehensive income after tax was negative at ¥25.00 million, contrasting with a positive amount of ¥171.26 million in the same quarter last year[15] Shareholder Information - The total equity attributable to shareholders at the end of Q3 2024 was ¥43,847,242,345.65, a decrease of 1.10% from the end of the previous year[2] - The number of ordinary shareholders at the end of the reporting period was 96,693[7] Other Information - The company reported a significant increase in prepayments, which rose by 97.52% to ¥294,962.85 million compared to the previous year[5] - The company’s accounts receivable rose to RMB 5.20 billion from RMB 4.74 billion, reflecting an increase of approximately 9.8%[10] - Inventory decreased to RMB 54.57 billion from RMB 61.73 billion, a decline of about 11.5%[10] - The company’s short-term borrowings decreased to RMB 41.13 billion from RMB 44.81 billion, a reduction of approximately 8.0%[12] - The company’s long-term borrowings increased to RMB 128.74 billion from RMB 125.18 billion, an increase of about 2.0%[13] - The company’s total equity increased to RMB 95.29 billion from RMB 94.67 billion, reflecting a growth of approximately 0.7%[13] - The impact of exchange rate changes on cash and cash equivalents was -$245 million, slightly better than -$289 million in the previous year[18] - The third quarter report was not audited, indicating that the figures may be subject to change[19]
荣盛石化:关于浙江石油化工有限公司顺丁稀土橡胶装置产出合格产品的公告
2024-10-29 12:37
顺丁橡胶具有优异的耐磨性、优良的耐屈挠性、较低的生热性和极佳的低 温性能,可广泛使用于轮胎、鞋、输送带、胶管及橡胶制品等。浙石化年产 10 万吨顺丁稀土橡胶/共线年产 7 万吨镍系顺丁橡胶装置中稀土顺丁橡胶装置的投 产,有助于提高国内稀土顺丁橡胶的供应能力,确保国内相关产业供应链供应 安全。此次投产的稀土顺丁橡胶装置规模为 10 万吨/年,单套产能目前位居国 内第一位,稀土顺丁橡胶产能居全国第二,新投产的稀土顺丁橡胶和先前投产 的镍系顺丁橡胶及溶聚丁苯橡胶的合计产能位居全国前列。 目前投产装置的各项工艺技术指标达到国际先进水平,竞争优势明显。公 司将继续以安全生产为首要任务,优化工艺参数,提升运行水平,以实际行动 践行双碳减排,持续推动公司高质量发展。 特此公告。 荣盛石化股份有限公司董事会 2024 年 10 月 29 日 证券代码:002493 证券简称:荣盛石化 公告编号:2024-060 荣盛石化股份有限公司 关于浙江石油化工有限公司顺丁稀土橡胶装置产出 合格产品的公告 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(以下简称"公 ...
荣盛石化:第六届监事会第十九次会议决议公告
2024-10-29 12:37
证券代码:002493 证券简称:荣盛石化 公告编号:2024-058 荣盛石化股份有限公司 第六届监事会第十九次会议决议公告 本公司及监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。 一、监事会会议召开情况 荣盛石化股份有限公司(以下简称"公司"或"荣盛石化")第六届监事会 第十九次会议通知于 2024 年 10 月 23 日以电子邮件、书面形式送达公司全体监 事。监事会会议于 2024 年 10 月 29 日以通讯方式召开,会议由公司监事会主席 孙国明先生主持,监事会会议应出席的监事 3 人,实际出席会议的监事 3 人,其 中,以通讯表决方式出席的监事 3 人。本次监事会会议的召开符合《公司法》等 法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事认真审议,充分讨论,以记名投票方式表决,会议审议通过了以 下议案: 1.《关于 2024 年第三季度报告的议案》 公司 2024 年第三季度报告详见公司指定信息披露媒体巨潮资讯网 (http://www.cninfo.com.cn),报告于 2024 年 10 月 30 日同 ...
荣盛石化:第六届董事会第二十次会议决议公告
2024-10-29 12:37
证券代码:002493 证券简称:荣盛石化 公告编号:2024-057 荣盛石化股份有限公司 第六届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 荣盛石化股份有限公司(以下简称"公司"或"荣盛石化")第六届董事会第 二十次会议通知于 2024 年 10 月 23 日以电子邮件、书面形式送达公司全体董事。 董事会会议于 2024 年 10 月 29 日以通讯方式召开,会议由公司董事长李水荣先 生主持,会议应出席的董事 9 人,实际出席会议的董事 9 人,其中,以通讯表决 方式出席的董事 9 人。本次董事会会议的召开符合《公司法》等法律、行政法规、 部门规章、规范性文件及《公司章程》的有关规定。 1.《关于 2024 年第三年季度报告的议案》 公司 2024 年第三季度报告详见公司指定信息披露媒体巨潮资讯网 (http://www.cninfo.com.cn),报告于 2024 年 10 月 30 日同时刊登于公司指定媒 体《证券时报》及《中国证券报》(公告编号:2024-059)。 表决结果:同意 9 票,反 ...
荣盛石化:关于浙江石油化工有限公司聚合物多元醇装置产出合格产品的公告
2024-10-29 12:35
证券代码:002493 证券简称:荣盛石化 公告编号:2024-061 司将继续以安全生产为首要任务,优化工艺参数,提升运行水平,以实际行动 践行双碳减排,持续推动公司高质量发展。 特此公告。 荣盛石化股份有限公司董事会 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(以下简称"公司")控股子公司浙江石油化工有 限公司(以下简称"浙石化")在舟山绿色石化基地投资建设的 38 万吨/年聚 醚装置中的首套年产 2.5 万吨聚合物多元醇装置于近期投料成功,目前已顺利 产出合格产品。 聚醚多元醇是聚氨酯产品的重要原料,广泛应用于各类硬泡、软泡及胶黏 剂产品,是目前应用极为广泛的化工原料。其中,软泡类聚醚多元醇是多元醇 家族中用量最大、用途最广的种类,应用于家私海绵、床垫、汽车座椅中,也 用于制备各类弹性体及模塑产品。 公司聚醚装置总产能居全国前七位,其中 24 万吨/年连续法聚醚单线产能 全国第一,规模效益显著。聚醚装置依托世界超大型炼化一体化项目,90%左 右的原料(环氧丙烷、丙二醇、苯乙烯和丙烯腈等)均为公司自产,成本竞争 优势明显。公司聚醚 ...
荣盛石化2024年中报点评:2024中报业绩承压,增持彰显信心
国泰君安· 2024-09-12 04:39
Investment Rating - The investment rating for Rongsheng Petrochemical is "Accumulate" with a target price of 11.20 RMB, down from the previous target of 14.04 RMB [1][6]. Core Views - The company's mid-year performance was impacted by rising oil prices and weaker-than-expected demand recovery. The collaboration with Saudi Aramco aims to expand the downstream market, and the continued share buyback by the controlling shareholder reflects confidence in the company's future [3][6]. Summary by Sections Financial Performance - In H1 2024, the company achieved a net profit of 857 million RMB, a significant turnaround from losses in the previous year, with a non-recurring net profit of 672 million RMB, up 148% year-on-year. However, Q2 net profit was 306 million RMB, down 14.5% year-on-year and 47.8% quarter-on-quarter [6][7]. - The average Brent crude oil price in Q2 2024 was 85 USD per barrel, a slight increase from 83.46 USD in Q1 2024. The gross margins for refining and chemical products were 18.57%, 14.72%, and -1.14% respectively for H1 2024 [6][7]. Market and Strategic Developments - The company has signed multiple strategic agreements with Saudi Aramco to jointly develop projects and expand into overseas markets. The controlling shareholder plans to increase their stake in the company by investing between 500 million to 1 billion RMB, which is expected to boost investor confidence [6][7]. Earnings Forecast - The earnings per share (EPS) estimates for 2024-2025 have been revised down to 0.24, 0.69, and 1.16 RMB, respectively, from previous estimates of 0.47, 0.74, and 0.83 RMB due to lower-than-expected demand for refined oil and the impact of polyester plant shutdowns [6][7].
荣盛石化:关于与沙特阿美石油公司签署之“谅解备忘录”的进展公告
2024-09-11 10:58
证券代码:002493 证券简称:荣盛石化 公告编号:2024-056 荣盛石化股份有限公司 关于与沙特阿美石油公司签署之"谅解备忘录"的进 展公告 2024 年 1 月 2 日,荣盛石化股份有限公司(以下简称"荣盛石化"或"公 司")与 Saudi Arabian Oil Company(以下简称"沙特阿美")签署了《谅解备忘 录》(以下简称"备忘录")。备忘录显示,双方正在讨论荣盛石化(或其关联方) 拟收购沙特阿美全资子公司朱拜勒炼化公司(以下简称"SASREF")的 50%股权, 并拟通过扩建增加产能提高产品灵活性、复杂度和质量。同时,双方也正在讨论 沙特阿美(或其关联方)对荣盛石化全资子公司宁波中金石化有限公司(以下简 称"中金石化")不超过百分之五十(50%)股权的潜在收购,并联合开发中金石 化现有装置升级扩建。备忘录系双方基于合作意愿而达成的战略性、框架性约定, 已经公司第六届董事会第十六次会议审议通过,无需提交股东大会审议。董事会 授权公司总经理或其授权人士全权负责签署相关协议及办理相关事宜。 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。 一、 ...
荣盛石化:2024 Semi-annual Report
2024-09-06 12:03
1 Rongsheng Petrochemical Co., Ltd. [Disclosure Time] 2024 Semi-annual Report 2024 Semi-annual Report 2024 Semi-annual Report Section I Important Notice, Table of Contents and Definitions The Board of Directors, the Board of Supervisors and the directors, supervi sors and senior management of the Company confirm that the contents in this se mi-annual report are true, accurate, and complete and have no false representati ons, misleading statements or material omissions, and they shall severally and joi ntly ...
荣盛石化:炼化板块业绩全面改善,推进项目提质增效
长城证券· 2024-09-05 12:41
Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by over 15% in the next six months [12]. Core Views - The company's performance in the refining sector has significantly improved, driven by high oil prices and steady demand in the chemical fiber industry [2][6]. - The company is advancing multiple quality enhancement projects to increase product value, which is expected to further boost performance [6][7]. - The controlling shareholder has initiated a share buyback plan to enhance investor confidence and stabilize the company's development [6][7]. Financial Summary - The company's revenue for 2024 is projected to be 354.25 billion, with a year-on-year growth rate of 9.0% [1]. - The net profit attributable to shareholders is expected to reach 3.17 billion in 2024, reflecting a significant recovery with a year-on-year growth of 173.3% [1][7]. - The company's operating cash flow has improved dramatically, with a net cash flow from operating activities of 8.39 billion in the first half of 2024, up 468.29% year-on-year [2][6]. Segment Performance - The refining segment remains the largest contributor to revenue, with a revenue of 59.84 billion in the first half of 2024, up 8.68% year-on-year [2][6]. - The chemical products segment showed a slight decline in revenue, but profitability has improved, indicating a recovery in margins [2][6]. - The company has successfully launched a new α-olefin pilot plant, which is expected to enhance the supply of high-value products in the domestic market [6]. Market Position - The company has a total market capitalization of approximately 87.59 billion, with a circulating market value of about 82.16 billion [3]. - The stock price as of September 4, 2024, was 8.65, reflecting the market's response to the company's recent performance and strategic initiatives [3]. Future Outlook - The company is expected to achieve revenues of 401.04 billion and 451.37 billion in 2025 and 2026, respectively, indicating a positive growth trajectory [1][7]. - The projected EPS for 2024, 2025, and 2026 are 0.31, 0.46, and 0.55, respectively, suggesting a recovery in profitability [1][7].
荣盛石化(002493) - 荣盛石化投资者关系管理信息
2024-09-04 12:08
Financial Performance - The company achieved a net profit of 858 million RMB in the first half of 2024, representing a year-on-year increase of 176.15% [1] - The significant recovery in performance is attributed to the optimization of large-scale refining and chemical integration facilities, enhancing production efficiency [2][3] Market Conditions - The company's stock price has been affected by macroeconomic conditions, industry status, and market sentiment, despite strong operational performance [1] - Fluctuations in crude oil prices impact raw material costs; generally, rising oil prices increase costs, while falling prices reduce them [2] Strategic Initiatives - The company is actively communicating with investors to convey its value and enhance market recognition [2] - A partnership with Aramco includes a framework agreement for mutual equity stakes and expansion projects, indicating a strong collaborative foundation [3] Research and Development - The company maintains a high level of R&D investment compared to peers, focusing on independent innovation and open collaboration [3] - The establishment of advanced R&D platforms supports the development of new technologies and products [3] Future Outlook - The company anticipates continued economic recovery in China, aiming for sustainable growth through quality improvements and investor returns [4] - Plans for share repurchase amounting to 7 billion RMB are primarily for convertible bonds and employee stock ownership plans, with potential for cancellation if not utilized within 36 months [4] Financial Management - The current debt-to-asset ratio stands at 75%, with ongoing strategies to manage and control this ratio for financial health [4] - The company is enhancing its raw material cost management and risk control measures in response to market volatility [5]