Rongsheng Petro Chemical Co.,Ltd. Posted 2.9 Billion Yuan Net Loss in First Quarter of 2023

Rongsheng Petro Chemical Co.,Ltd. (荣盛石化股份有限公司) (002493.SZ) reported a net loss of 2.9 billion yuan in the first quarter of 2023, reversing a net profit of 5.8 billion yuan for the same period in the previous year.

Meanwhile, the company posted 69.7 billion yuan in revenue, up 1.6% year-on-year.

At the end of the reporting period, it had 362.9 billion yuan in total assets and 268.6 billion yuan in total liabilities, with a liability-to-asset ratio of 74%.