BAOFENG ENERGY(600989) 长江商报·2025-03-28 00:34Core Viewpoint - Baofeng Energy (600989.SH) demonstrates a strong commitment to social responsibility by announcing a donation of up to 600 million yuan to the Ningxia Yanbao Charity Foundation by 2025, focusing on educational support and other charitable activities [1][2][3]. Group 1: Donation and Impact - The donation will primarily support educational initiatives in Ningxia and Jiuquan City, Gansu, including scholarships and other public welfare activities [1][2]. - Since 2018, Baofeng Energy has invested several hundred million yuan in educational poverty alleviation, providing 4,000 yuan per year to each student who has been admitted to university until they complete their studies [1][4]. - As of 2023, the Yanbao Charity Foundation has distributed a total of 3.903 billion yuan in scholarships, benefiting 345,200 students in the western region of China [2][3]. Group 2: Corporate Social Responsibility - Baofeng Energy views social responsibility as a crucial part of its business development, actively engaging in various charitable activities, including education, poverty alleviation, and environmental protection [1][4][5]. - The company has donated approximately 2.757 billion yuan to the Yanbao Charity Foundation since its listing in 2019, significantly aiding impoverished students [3][4]. - Baofeng Energy emphasizes its commitment to green development, implementing clean production and energy-saving measures while participating in environmental protection initiatives [5].