RSPC(SZ:002493) Quan Jing Wang·2025-04-28 00:40Core Viewpoint - Rongsheng Petrochemical has made significant strides in sustainable development, achieving a BBB rating in ESG from MSCI and demonstrating leadership in carbon reduction, water resource management, and corporate governance [1][3]. Group 1: Sustainable Development Achievements - The company has been recognized as one of the best ESG-managed listed companies in 2024 and has been included in the Hang Seng A-Share Sustainable Development Benchmark Index for four consecutive years [1]. - In 2024, Rongsheng Petrochemical invested 273 million yuan in environmental protection initiatives, reflecting its commitment to green development [1]. - The company reported a 10% reduction in greenhouse gas emission intensity and a 12.5% decrease in comprehensive energy consumption intensity during the reporting period [1]. Group 2: Financial Performance - In 2024, the company achieved a revenue of 326.475 billion yuan, a year-on-year increase of 0.42%, marking five consecutive years of positive growth [3]. - The net profit attributable to shareholders was 724 million yuan, with a non-recurring net profit of 762 million yuan [3]. - The total asset scale increased to 377.846 billion yuan, reflecting a year-on-year growth of 0.78%, while the net cash flow from operating activities rose by 23.26% to 34.609 billion yuan [3]. Group 3: Water and Carbon Management - The company achieved a 73.66% proportion of alternative water sources in total water consumption, with a recycling rate of over 98% [2]. - It has developed a carbon recycling system that processes 360,000 tons of CO2 annually from its ethylene glycol units [2]. - The establishment of a 200,000-ton/year ethylene carbonate facility and a 240,000-ton/year food-grade liquid CO2 recovery unit is expected to reduce emissions by 103,000 tons annually [2]. Group 4: Future Plans and Collaborations - The company plans to achieve full coverage of new energy projects in its Zhejiang factories by 2025, targeting an installed capacity of 100 MW [4]. - It aims to expand renewable energy trading, including wind, solar, and hydropower, to enhance its green electricity resource allocation [4]. - Collaborations with various new energy companies are underway to explore clean technology opportunities [4].