Asia
Baofeng Energy's H1 Profit Forecast to Jump By Up to 78%; Shares Up 3%
Ningxia Baofeng Energy (SHA:600989) expects its first-half net profit attributable to shareholders to jump by between 63% and 78% year on year to a range of 9.30 billion yuan to 10.2 billion yuan, according to a Shanghai bourse filing on Tuesday.The attributable net profit a year earlier was 5.72 billion yuan, or 0.78 yuan per share.The forecast was attributed to an increase in production and sales of olefin after the company's Inner Mongolia olefin project reached full production capacity in April 2025.The Chinese chemical products manufacturer's shares jumped 3% during the morning trade.
SHA:600989
