Ningxia Baofeng Energy Group Co., Ltd. issued a statement announcing an increase in its half-yearly performance for 2021

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Ningxia Baofeng Energy Group Co., Ltd. issued a announcement regarding the expected increase in its half-yearly performance for 2021: According to preliminary calculations by the finance department, it is estimated that in the first half of 2021, the net profit attributable to shareholders of the listed company will range from 3.6 billion yuan to 3.8 billion yuan. This represents an increase of 1.508 billion yuan to 1.708 billion yuan compared to the same period last year, or a year-on-year rise of 72.08% to 81.64%. 2. The net profit attributable to the shareholders of the listed company, after deducting non-recurring gains and losses, is expected to range from 3.745 billion yuan to 3.945 billion yuan. Compared with the same period last year, this figure is set to increase by 1.678 billion yuan to 1.878 billion yuan, representing a year-on-year increase of 81.18% to 90.86%. Impact on core business: During the reporting period, driven by factors such as rising energy prices and market supply and demand dynamics, the domestic chemical industry was in a favorable economic condition, resulting in significant year-on-year increases in the prices of its main products. By expanding its market presence externally and continuously improving its manufacturing processes internally to enhance efficiency, the company achieved a significant increase in its business performance compared to the previous year.