BAOFENG ENERGY(SH:600989)2024-07-26 08:03Financial Performance - Total operating revenue for the first half of 2024 reached RMB 1,689,502.19 million, a 29.07% increase compared to RMB 1,308,985.21 million in the same period last year[2] - Net profit attributable to shareholders of the listed company was RMB 330,412.30 million, reflecting a growth of 46.41% from RMB 225,674.37 million year-on-year[3] - The net profit after deducting non-recurring gains and losses was RMB 354,286.46 million, up 45.46% from RMB 243,565.09 million in the previous year[3] - Basic earnings per share increased to RMB 0.45, compared to RMB 0.31, marking a growth of 45.16%[2] - The weighted average return on net assets rose to 8.19%, an increase of 1.71 percentage points from 6.48%[2] Assets and Equity - Total assets at the end of the reporting period were RMB 8,185,288.14 million, a 14.27% increase from RMB 7,163,029.93 million at the beginning of the period[2] - Shareholders' equity attributable to the listed company was RMB 4,004,488.98 million, up 3.91% from RMB 3,853,670.48 million[2] - The company’s total share capital remained unchanged at RMB 733,336.00 million[2] Operational Highlights - The significant growth in net profit was primarily driven by the production commencement of the company's third-phase olefin project, resulting in a substantial increase in olefin product output compared to the previous year[3] Cautionary Note - The company emphasizes that the financial data presented is preliminary and unaudited, urging investors to be aware of investment risks[4]