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Baofeng Energy Forecasts H1 2026 Net Profit of 9.3–10.2 Billion Yuan, Up 62.65–78.4% YoY

2026-07-13 07:47:18

According to its announcement on July 13, Baofeng Energy forecasts net profit attributable to shareholders of 9.3 billion to 10.2 billion yuan for the first half of 2026, representing year-over-year growth of 62.65% to 78.4%. The company attributed the increase to higher global prices for crude oil and alkanes amid geopolitical tensions in the Middle East, which boosted margins for olefin products. Additionally, Baofeng's Inner Mongolia olefin project reached full production capacity in April 2025, driving a significant year-over-year increase in output and sales volumes for the first half of 2026.

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