Baofeng Energy: Net profit in 2021 is expected to increase by 47%-56% year-on-year _ Securities Times Network

Securities Times e Company News, Baofeng Energy (600989) disclosed its performance forecast on the evening of January 12. It is expected to achieve a net profit of 6.8 billion to 7.2 billion yuan in 2021, a year-on-year increase of 47.10% to 55.75%. This pre-increase in performance is mainly due to the continuous improvement of the company’s industrial chain and the more obvious advantages of industrial chain integration, which effectively alleviated the impact of the sharp rise in raw material prices; at the same time, the company’s main product prices in 2021 will increase significantly year-on-year.