Baofeng Energy forecasts 64-79% profit surge for H1

Ningxia Baofeng Energy Group projects net profit of RMB 5.40 billion to RMB 5.90 billion for the first half of 2025, representing year-on-year growth of 63.39% to 78.52% compared to RMB 3.305 billion last year.

The company attributes the significant performance increase primarily to the commencement of operations at its Inner Mongolia olefin project, leading to higher olefin product output and sales volume.