Mission Statement, Vision, & Core Values (2026) of Rongsheng Petrochemical Co., Ltd.

Founded in 1995 and operating seven production bases across the Bohai Economic Circle, Yangtze River Delta and Hainan Belt and Road Economic Circle, Rongsheng Petrochemical Co., Ltd. (002493.SZ) has grown into a diversified petrochemical leader with strategic global ties such as its partnership with Saudi Aramco, major investments like the CNY 67.5 billion Jintang New Materials Project launched in 2024, and a clear mission to "serve the country with industry and lead industrial development" that pairs ambitious sustainability targets - including a 30% carbon emissions reduction by 2030 and carbon neutrality by 2050 - with heavy R&D commitment (about RMB 1.5 billion in 2022, ~1.2% of revenue); the company's vision to lead in all‑natural performance materials and low‑carbon transformation is bolstered by expansions into new energy materials, engineering plastics and high‑end polyolefins, the establishment of Zhejiang Shenghui New Materials, and operational results that underscore stakeholder focus and efficiency - a 2023 customer satisfaction score of 89%, a 20% reduction in water consumption, 25% improvement in energy efficiency, a 5% employee turnover rate and a 10% rise in productivity - all pointing to how Rongsheng's stated mission, vision and core values translate into measurable industrial momentum.

Rongsheng Petrochemical Co., Ltd. (002493.SZ) - Intro

• Founded: 1995
• Production bases: 7 (Bohai Economic Circle, Yangtze River Delta, Hainan Belt and Road Economic Circle, and other key regions)
• Strategic partnerships: includes collaboration with Saudi Aramco
• 2024 strategic investment: Jintang New Materials Project - CNY 67.5 billion targeting low‑carbon olefins and environmentally friendly technologies

• Drive value for customers through safe, reliable and innovative petrochemical and materials solutions.
• Accelerate transition to low‑carbon and environmentally responsible production technologies.
• Build long‑term partnerships across global supply chains to enhance competitiveness and resilience.

• Become a leading integrated materials and petrochemical group in Asia, recognized for technology leadership, sustainability and market reach.
• Lead in developing low‑carbon olefins and next‑generation materials that support energy transition and circular economy objectives.

• Safety first - zero‑harm culture across operations and projects.
• Innovation - sustained investment in R&D and technology to improve product value and environmental performance.
• Sustainability - commitment to low‑carbon pathways, cleaner production and responsible resource use.
• Partnership - strategic collaborations (domestic and international) to scale capabilities and market access.
• Integrity - transparent governance, compliance and stakeholder accountability.

• Significant capital allocation to technology and new materials (evidenced by the CNY 67.5 billion Jintang investment in 2024).
• R&D priorities include low‑carbon olefins, polymer performance enhancement, recycling technologies and advanced process efficiency.
• Cross‑border partnerships (e.g., with Saudi Aramco) to secure feedstock, technology transfer and global market channels.

• Target projects emphasize reduced greenhouse gas intensity and adoption of environmentally friendly production routes.
• Geographic diversification across seven production bases reduces regional concentration risk and aligns footprint with China's major economic corridors.
• Portfolio diversification into engineering plastics, high‑end polyolefins and new energy materials positions the company for higher value‑added demand in Asia.

Rongsheng Petrochemical Co., Ltd. (002493.SZ) - Overview

• National service and industrial leadership: aligning business growth with national economic priorities and heavy-industry modernization.
• Balanced growth model: vertical integration across petrochemical value chains combined with horizontal expansion into adjacent chemical and materials sectors.
• Innovation-driven competitiveness: sustained R&D investment to meet evolving customer needs and to upgrade product portfolios.
• Sustainability commitments: emissions reduction, energy efficiency, and pollution control embedded into strategy-targeting a 30% reduction in carbon emissions by 2030.
• Dual mandate of profitability and social responsibility: maximizing shareholder value while delivering ecological and community benefits.

• R&D investment: approximately RMB 1.5 billion in 2022, about 1.2% of total revenue, supporting process optimization, new product development, and decarbonization technologies.
• Environmental target: 30% carbon-emissions reduction by 2030 versus the company's baseline year, with phased measures across energy sourcing, process electrification, and efficiency projects.
• Strategic growth objective: 'Centurial Enterprise, Trillion Target'-a long-term ambition implying sustained scale-up across revenue, asset base, and global footprint.

Rongsheng Petrochemical Co., Ltd. (002493.SZ) - Mission Statement

• Carbon neutrality target: achieve carbon neutrality by 2050.
• Strategic focus: high-end chemical materials, green chemistry and low‑carbon process technologies.
• Innovation commitment: substantial, ongoing investment in new materials (including bio‑based materials and graphene composite fibers) and platform companies such as Zhejiang Shenghui New Materials.
• Global expansion: targeted market penetration and strategic partnerships to build presence in key overseas markets.

• Integrate R&D and manufacturing to lift gross margin on differentiated products versus commodity petrochemicals.
• Adopt cleaner energy mixes and energy‑efficiency projects across refineries and chemical sites to reduce Scope 1 and 2 emissions consistent with the 2050 neutrality goal.
• Scale new material businesses (bio‑based polymers, graphene composites) to diversify revenue and enhance international brand recognition.

• Support infrastructure: formation and capitalization of Zhejiang Shenghui New Materials to accelerate commercialization in emerging material fields.
• Financial discipline: align capital allocation to projects that raise product differentiation and lower carbon intensity per unit of output.

Rongsheng Petrochemical Co., Ltd. (002493.SZ) - Vision Statement

• Integrity: maintaining honesty and transparency across procurement, production, sales, and investor communications.
• Innovation: driving R&D to expand high-value product portfolios and improve process efficiency.
• Customer focus: building long-term partnerships and prioritizing service quality to achieve high satisfaction.
• Environmental responsibility: embedding sustainable resource use and emissions reduction into core operations.
• Employee engagement: investing in training, safety, and career development to boost retention and productivity.
• Compliance & quality: implementing robust quality-management systems to meet regulatory and market standards.
• Social responsibility: supporting regional development, green initiatives, and community welfare programs.

2023 Performance & Key Operational Metrics

• R&D investment directed at specialty polymers, catalyst optimization, and process electrification to reduce emissions intensity.
• Operational projects focused on water recycling, heat integration, and energy-management systems to realize the stated 20% and 25% gains.
• HR initiatives - structured training, performance-linked incentives, and career-path planning - that correlate with the 5% turnover and 10% productivity rise.
• Quality & compliance frameworks aligning ISO/system certifications, supplier audits, and traceability for higher product performance.

• Board oversight linking executive incentives to sustainability KPIs and customer satisfaction.
• Transparent reporting and third-party assurance for environmental and social metrics.
• Community engagement and low‑carbon projects that support regional economic development.