Ningxia Baofeng Energy Group (600989) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached ¥13.24 billion, up 22.9% year-over-year, with net profit attributable to shareholders rising 50.23% to ¥3.66 billion.

• Cash flow from operating activities increased 62.81% year-over-year to ¥5.56 billion.

• Significant profit growth attributed to the Inner Mongolia olefin project reaching full production, boosting product sales and output.

Financial highlights

• Operating income: ¥13.24 billion, up 22.9% year-over-year.

• Net profit attributable to shareholders: ¥3.66 billion, up 50.23% year-over-year.

• Basic and diluted EPS: ¥0.50, up 51.52% year-over-year.

• Operating cash flow: ¥5.56 billion, up 62.81% year-over-year.

• Total assets at quarter-end: ¥94.51 billion, up 4.83% from year-end 2025.

Outlook and guidance

• Continued growth expected as new production capacity comes online, particularly from the Inner Mongolia olefin project.