RSPC(SZ:002493) Xin Lang Cai Jing·2026-02-09 15:09Core Viewpoint - Rongsheng Petrochemical is recognized as a leading refining enterprise in China, with its subsidiary Zhejiang Petrochemical's 40 million tons/year integrated refining project fully operational, showcasing significant scale advantages. The company's profitability is expected to improve continuously due to supply-side optimization in the refining industry, with a substantial year-on-year increase in net profit attributable to shareholders projected for Q3 2025. The polyester chain products are at the bottom of the cycle but are expected to recover, with PTA, polyester filament, and bottle chip capacities ranking among the top globally, indicating substantial potential for profit improvement. The company is leveraging its integrated advantages to actively invest in strategic sectors such as new energy materials, injecting new growth momentum into its development [1][4]. Business Segments - Integrated Refining Project: The Zhejiang Petrochemical integrated refining project is the largest single refining project in the country, fully operational with clear scale advantages [2][5]. - Polyester Chain Products: The capacities for PTA, polyester filament, and bottle chips are among the highest globally, with the product cycle showing signs of recovery, indicating significant potential for profit improvement [3][6]. - Strategic Layout in New Energy Materials: The company is actively investing in new energy materials, engineering plastics, and high-performance resins, leveraging its integrated advantages to inject new growth momentum into its development [3][6].