荣盛石化：2022AnnualReport（AbridgedVersion）.PDF

1、 Full text of 2022 Annual Report Making Concerted Efforts to Forge Ahead on a New Journey:A Letter to Our Investors Distinguished investors,An old Chinese poem has a line that reads,“I find the face of vernal wind in an easy way:Myriads of reds and violets reveal only spring.”Our new annual report i

2、s released at a time when everything is thriving.Rongsheng Petrochemical made great progress and once again performed admirably over the course of the previous year with the help and support of all investors.“Strong and firm,we will ride the wind,cleave the waves,and cross the sea which raves.”The y

3、ear 2022 was significant to the 14th Five-Year Plan and marked the start of the second centenary goal.The year was a transition period for the Company from“vertical and horizontal”development to comprehensive,high-quality development.There is no denying that the overall context led us to a difficult

4、 situation that had not been seen in our Company in many years.It included unprecedented domestic and international complexities such as international uncertainty,fluctuations in crude oil prices,and an economic downturn,all of which were overlaid with numerous challenges from the downstream consume

5、r market.Nonetheless,we stuck to our project investment and business management responsibilities,progressed ongoing prevention and control,and overall high-quality production and operations,and delivered satisfactory results.In FY2022,we earned RMB 289.1 billion in operating income,a 58%increase ove

6、r the previous Full text of 2022 Annual Report year.The Companys total assets reached RMB 362.6 billion at the end of the year,up 7%from the start of the year.In 2022,Rongsheng Petrochemical,the industry leader in Chinas private refining,saw an increase in the global influence of its brand.We were r