Rongsheng Petro Chemical Co.,Ltd. Posted 2.1 Billion Yuan Net Loss in First Half of 2023

Rongsheng Petro Chemical Co.,Ltd. (荣盛石化股份有限公司) (002493.SZ) reported a net loss of 2.1 billion yuan in the first half of 2023, reversing a net profit of 9.7 billion yuan for the same period in the previous year.

Meanwhile, the company posted 154.5 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 349.2 billion yuan in total assets and 255.4 billion yuan in total liabilities, with a liability-to-asset ratio of 73.2%.