RSPC(SZ:002493)2017-02-27 16:00Financial 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]