Baofeng Energy's Q1 net profit soars on increased production

Ningxia Baofeng Energy Group (SSE:600989) announced a robust performance for the first quarter of 2025, with operating revenue reaching CNY 10.77 billion, a 30.92% increase compared to the same period last year. Net profit attributable to shareholders soared to CNY 2.43 billion, a 71.49% surge, and net profit excluding non-recurring items was CNY 2.59 billion, reflecting a 75.25% jump. Basic and diluted earnings per share both stood at CNY 0.33, up 73.68% year-over-year. Operating cash flow nearly doubled, rising 91.78% to CNY 3.41 billion.