Net Profit Exceeds 10 Billion Yuan! Baofeng Energy Releases Annual Report

Baofeng Energy announced its 2025 Annual Report. The Company achieved revenue of RMB 4,803,759.31 million, an increase of 45.64% year-on-year; total profit of RMB 1,298,789.89 million, an increase of 78.25% year-on-year; net profit attributable to shareholders of listed company of RMB 1,135,029.55 million, an increase of 79.09% year-on-year; basic earnings per share of RMB 1.56; and a weighted average return on net assets of 24.84%. By quarter, the Company’s revenue for 2025 was RMB 1,077,074.13 million in Q1, RMB 1,204,880.21 million in Q2, RMB 1,272,533.54 million in Q3, and RMB 1,249,271.44 million in Q4.

During the reporting period, the company took R&D innovation as the core driving force, with R&D investment amounting to 2.051 billion yuan, of which 1.09 billion yuan formed products and 961 million yuan were recorded as R&D expenses. The R&D efforts were comprehensively carried out around product upgrading, technological self-reliance, and efficient achievement, resulting in a series of verifiable and substantial breakthroughs.

The Company’s 2025 year-end profit distribution plan is as follows: based on the total issued share capital of 7,333,360,000 shares, less 60,593,400 treasury shares, i.e., 7,272,766,600 shares, the Company proposes to distribute cash dividends totaling RMB 3,054,557,999.96. Specifically, small and medium-sized shareholders will receive RMB 0.4921 per share (tax included), while major shareholders will receive RMB 0.3906 per share (tax included). No capital reserve conversion into share capital will be carried out for the current year. Adding the interim cash dividends distributed in 2025 amounting to RMB 2,036,374,648, the total cash dividends distributed for 2025 amount to RMB 5,090,932,647.96, representing 44.85% of the Company’s net profit attributable to shareholders of the parent company as reported in the consolidated financial statements for the year.

During the reporting period, the company's main business remained unchanged. The company adheres to the green and sustainable development philosophy of "resource conservation and environmental friendliness," and has built a high-end coal-based new materials circular economy industrial cluster that integrates "coal mining and washing, coking, methanol, olefins, fine chemicals, and new energy." By using coal to replace oil in the production of high-end chemical products, the company has adapted to the country's resource endowment of "abundant coal, scarce oil, and limited gas," promoting the efficient conversion and clean utilization of coal resources, setting a benchmark for green and low-carbon development in the industry, and making positive contributions to ensuring national energy security. The company's main businesses include:

1. Coal-to-olefins: producing methanol from coal and coke oven gas, and then producing polyethylene, polypropylene, and EVA from methanol.

2. Coking, which involves washing raw coal to produce clean coal and then using the clean coal to produce coke through coking.

3. Fine chemical industry, producing methyl tertiary butyl ether, coking benzene, industrial naphthalene, modified pitch, anthracene oil and other fine chemical products from coal to olefins and coking by-products.

Coal-to-olefins is the company's core business.

The company takes "persisting in the demonstration and upgrading of modern coal chemical industry, integrating and developing new high-end industrial chains, promoting sustainable circular economy and green innovation, and empowering intelligent technology to drive the transformation of new industrialization" as the key points of its industrial development strategy. Through industrial upgrading and coordinated development, the company maintains its leading position in the coal chemical industry, achieves green and sustainable development, and becomes a responsible real industry. During the reporting period, the 3 million tons per year coal-to-olefins project in Inner Mongolia, the largest single-plant project in the world, was fully operational, bringing the company's olefins production capacity to 5.2 million tons per year, making it the largest in China's coal-to-olefins industry.