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Baofeng Energy's net profit surged by more than 70% in the first half of the year, opening the way to hydrogen energy Author/Source: Coal Chemical Industry 114 Forum Date: 2021-08-20 Click rate: 49 On the evening of August 9, Baofeng Energy disclosed its 2021 semi-annual report. In the first half of the year, the company achieved operating income of 10.467 billion yuan, a year-on-year increase of 39.18% ； Net profit was 3.733 billion yuan, a year-on-year increase of 78.46%. In the face of the COVID-19 epidemic and complex changes in the domestic and international economic situation, Baofeng Energy has successively withstood the impact of ultra-low oil prices last year and the pressure of ultra-high coal prices this year, achieving double-digit rapid growth in operating income and net profit. Relevant people from Baofeng Energy told a reporter from Securities Daily that in the face of a situation with many external uncertainties, the company has accurately identified changes, responded scientifically, and proactively sought changes. Production and operation are safe and stable, ultra-low emissions and environmental protection standards have been met, and carbon emission reduction measures have been implemented and taken effect, moving towards a higher-quality green development path. Baofeng Energy also emphasized in its semi-annual report that the company will continue to increase technological innovation, accelerate the substitution of new energy, strive to complete 50% of the company's carbon emission reduction in 10 years, take the lead in achieving corporate "carbon neutrality" in 20 years, and actively strive to achieve * * “"double carbon" goal and contribute to the realization of green and high-quality development. “"Hematopoiesis" ability continues to grow. Compared with when it was listed in 2019, Baofeng Energy's net profit for the first half of the year has nearly doubled, and the quality of profits has also been significantly improved. In the first half of the year, the company's gross profit margin reached 51.59%, an increase of 11.4 percentage points year-on-year. ； Net operating cash flow was 3.517 billion yuan, a year-on-year increase of 36.87% ； The asset-liability ratio was 32.71%, a year-on-year decrease of 1.94 percentage points. Being at the leading level in the industry also proves that the company's "blood-making" ability is constantly increasing.