Baofeng Energy (600989.SH) has increased ahead of schedule. Net profit due to mother is estimated to be 9.3 billion yuan to 10.2 billion yuan for the half year, an increase of 62.65% to 78.40% over the previous year

According to Zhitong Finance App News, Baofeng Energy (600989.SH) announced that the company expects to achieve net profit attributable to shareholders of listed companies in the first half year of 2026 of 9.3 billion yuan to 10.2 billion yuan, an increase of 62.65% to 78.40% over the previous year.

Affected by the geographical conflict in the Middle East region in the first half of 2026, the prices of petroleum and alkane, the world's main chemical raw materials increased significantly, driving up the market prices of chemical products and increasing the profitability of the company's olefin products. Meanwhile, the Inner Mongolia olefin project was fully completed in April 2025, and production and sales increased sharply year-on-year in the semi-annual 2026 year.