Ningxia Baofeng Energy Group (SHA:600989) expects its net profit attributable to shareholders to jump between 63.4% and 78.5% in the first half of 2025 versus a year ago, according to a Shanghai Stock Exchange filing on Tuesday.
The first-half attributable profit is forecast to rise to between 5.4 billion yuan and 5.9 billion yuan from the year-ago profit of 3.31 billion yuan, or 0.45 yuan per share.
The anticipated forecast is due to a significant increase in the Chinese coal-based chemical producer's output and sales volumes of olefin products, the company said.
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