宝丰能源：上半年净利润同比大增73.02%达57.17亿元 有息负债率下降至38.34%

Core Viewpoint - Ningxia Baofeng Energy Group Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, indicating strong operational performance and a commitment to shareholder returns through substantial cash dividends [1] Financial Performance - The company achieved operating revenue of 22.819 billion yuan, a year-on-year increase of 35.05% [1] - Net profit reached 5.717 billion yuan, reflecting a year-on-year growth of 73.02% [1] - Earnings per share were 0.78 yuan, up 73.33% compared to the previous year [1] - Proposed cash dividends amounted to 2.036 billion yuan, representing 35.62% of the net profit for the first half of the year [1] Cash Flow and Debt Management - Operating cash flow net amount was 7.989 billion yuan, showing a significant increase of 92.74% year-on-year [1] - The company's interest-bearing debt ratio decreased to 38.34%, which is significantly lower than the industry average [1] - This financial structure of "high cash flow + low debt" supports the company's strategic layout and capacity expansion [1] Project Development - The company's 3 million tons coal-to-olefins project in Inner Mongolia was completed and put into operation in just 18 months, making it the largest single-plant olefins project globally [1] - This project not only elevated the company's production capacity to the top of the industry but also set multiple industry records [1] - The project utilized entirely domestically produced equipment, marking a shift from reliance on imports to independent leadership in modern coal chemical equipment [1]