Ningxia Baofeng Energy Group Co.Ltd(600989) release performance forecast. The company expects to realize the net profit attributable to the shareholders of the listed company from 680 million yuan to 720 million yuan in 2021, with a year-on-year increase of 47.10% to 55.75%. This performance increase is mainly due to the continuous improvement of the company’s industrial chain, which effectively alleviates the impact of the sharp rise in raw material prices; At the same time, the price of the company’s main products increased significantly year-on-year in 2021, and the overall profitability increased significantly.
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