Ningxia Baofeng Energy Group Co., Ltd. (600989.SH) has released its annual report for 2025. During the reporting period, the company achieved operating revenue of 48.038 billion yuan, representing a year-on-year increase of 45.64%. Net profit attributable to shareholders of the listed company was 11.35 billion yuan, a rise of 79.09% compared to the previous year. After deducting non-recurring gains and losses, the net profit was 11.52 billion yuan, up 69.91% year-on-year. Basic earnings per share stood at 1.56 yuan.
The company has proposed a cash dividend distribution. Minority shareholders will receive a cash dividend of 0.4921 yuan per share (before tax), while major shareholders will receive 0.3906 yuan per share (before tax).
The company's strategic focus for industrial development centers on "persisting in the demonstration and upgrading of the modern coal chemical industry, integrating and developing emerging high-end industrial chains, promoting sustainable circular economy and green innovation, and using intelligent technology to advance new industrial transformation." Through industrial upgrading and synergistic development, the company aims to maintain its leading position in the coal chemical sector, achieve green and sustainable development, and contribute to society as a responsible industrial enterprise.
During the reporting period, the company's Inner Mongolia base successfully brought its 3 million tons per year coal-to-olefins project, the world's largest single-plant facility of its kind, to full production capacity. This achievement has increased the company's total olefins production capacity to 5.2 million tons per year, elevating its capacity scale to the top position within China's coal-to-olefins industry.
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