BAOFENG ENERGY(SH:600989) Zhong Guo Jing Ji Wang·2025-08-22 06:57Core Insights - Baofeng Energy (600989.SH) reported a significant increase in revenue and profit for the first half of 2025, with operating income reaching 22.82 billion yuan, a year-on-year growth of 35.05% [1][2] - The net profit attributable to shareholders was 5.72 billion yuan, reflecting a 73.02% increase compared to the same period last year [1][2] - The company’s cash flow from operating activities also saw a substantial rise, amounting to 7.99 billion yuan, which is a 92.74% increase year-on-year [1][2] Financial Performance - Total assets as of the reporting period were 89.93 billion yuan, showing a slight increase of 0.41% from the end of the previous year [3] - Total liabilities decreased by 2.86% to 45.23 billion yuan, primarily due to reductions in tax payables and other payables [3] - The asset-liability ratio stood at 50.29% [3] Profit Distribution - The profit distribution plan for the first half of 2025 includes a cash dividend of 0.28 yuan per share, totaling approximately 2.04 billion yuan to be distributed among eligible shareholders [3] Shareholding Structure - Baofeng Group is the controlling shareholder of Baofeng Energy, with Party Yanbao as the actual controller, holding 95.59% of Baofeng Group [3] - Baofeng Group and its concerted party, Dongyi International, have pledged 950 million shares, accounting for 20.59% of their holdings and 12.95% of the total share capital of the company [3][4] Stock Issuance Update - Baofeng Energy announced the termination of its plan to issue shares to specific investors for the year 2023, which was intended to raise up to 10 billion yuan for a coal-to-olefins project [4]