Baofeng Energy’s Q3 profits nearly double as olefin output surges

Ningxia Baofeng Energy Group Co., Ltd. reported a significant financial uplift for the first three quarters of 2025. Total operating revenue reached CNY 35.54bn, a 46.43% increase, with net profit attributable to shareholders soaring by 97.27% to CNY 8.95bn. Basic earnings per share rose by 97.44% to CNY 1.22. These gains are primarily attributed to the commissioning of the Inner Mongolia Olefin Project, leading to higher olefin product output and sales volumes.

During the reporting period, the company's main products demonstrated varied performance. Polyethylene sales reached 183.11 thousand tons, generating CNY 1.21bn, while polypropylene sales hit 178.50 thousand tons, contributing CNY 1.13bn. EVA/LDPE sales were 16.62 thousand tons, yielding CNY 146.58m. However, product prices generally declined compared to the same period in 2024, with polyethylene down 6.49% and polypropylene down 5.63%. Raw material costs also decreased, with gasification feedstock coal down 19.02% and coking coal down 31.82%.

To provide further insights into these results, Ningxia Baofeng Energy Group will host a performance briefing session on October 30, 2025, from 10:00 to 11:00 AM (Beijing Time) via online interaction at the Shanghai Stock Exchange Roadshow Center. Investors are invited to submit questions beforehand from October 27 to October 29, 2025.