On January 15, Ningxia Baofeng Energy Group Co., Ltd. announced its projection for the 2025 annual net profit attributable to shareholders to be in the range of 11 billion to 12 billion yuan, representing a significant year-on-year increase of 73.57% to 89.34%.
The anticipated substantial growth in performance is primarily attributed to the commissioning of the company's olefins project in Inner Mongolia during the reporting period, which led to a notable rise in the production and sales volume of olefin products compared to the previous year.
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