Baofeng Energy on July 13 forecast 1H 2026 net profit attributable to
shareholders of 9.3–10.2 bln yuan, up 62.65%–78.4% YoY. The company cited higher
global oil and alkane feedstock prices amid Middle East geopolitical tensions,
which lifted chemical product prices and boosted olefin margins, and the Inner
Mongolia olefin plant reaching full production in April 2025, driving a large
YoY increase in 1H 2026 volumes and sales.