Rongsheng Petrochemical boosts Q3 profit, overhauls governance

Rongsheng Petrochemical Co., Ltd. disclosed a 1.34% year-over-year increase in net profit attributable to shareholders for the first nine months of 2025, reaching RMB 888,451,909.29. This came despite a 7.09% decrease in operating income to RMB 227,814,631,415.77 for the same period. The company’s total assets grew by 3.99% to RMB 392,918,397,668.51 by the end of the reporting period.

In conjunction with its financial disclosure, the company announced a comprehensive overhaul of its corporate governance, including revisions to its Articles of Association and the planned dissolution of the Board of Supervisors. This strategic move aims to streamline decision-making processes and align with the latest regulatory standards.

The governance updates involve the revision or establishment of 22 internal policies, such as the Related Party Transactions Management System, Fundraising Management System, Internal Control System, and Information Disclosure Affairs Management System, reinforcing transparency and accountability. These changes, approved by the board of directors on October 28, 2025, are subject to shareholder approval at an extraordinary general meeting.