BAOFENG ENERGY(600989)2025-04-10 03:31Financial Performance Forecast - The company expects a net profit attributable to shareholders of between 2.35 billion and 2.50 billion CNY for Q1 2025, an increase of 929 million to 1.079 billion CNY compared to the same period last year, representing a year-on-year growth of 65.38% to 75.93%[2] - The net profit attributable to shareholders for the same period last year was 1.421 billion CNY, with a net profit excluding non-recurring gains and losses of 1.482 billion CNY[4] - The basic earnings per share for the previous year was 0.19 CNY per share[4] Factors Influencing Profit - The significant increase in profit is primarily due to the trial production of the 3 million tons/year olefin project in Inner Mongolia, leading to a substantial increase in olefin product sales volume[5] - The prices of gasification raw coal and thermal coal have decreased year-on-year, resulting in an improved profit margin for olefin products[5] Forecast Validity and Risks - The performance forecast has not been audited by a registered accountant and is based on the company's preliminary calculations[3] - There are no major uncertainties affecting the accuracy of this performance forecast[7] - The forecast data is preliminary and the specific financial data will be disclosed in the official Q1 2025 report[8] - Investors are advised to pay attention to investment risks related to the preliminary nature of the forecast[8] Announcement Details - The announcement was made by the company's board of directors on April 10, 2025[10]