[Baofeng Energy: Net profit in the first three quarters increased by 59.97% year-on-year] On October 21, Baofeng Energy (600989.SH) announced that its operating income in the third quarter was 16.89 billion yuan, a year-on-year increase of 32.73%; the net profit attributable to shareholders of listed companies was 4.589 billion yuan, a year-on-year increase of 41.97%. Operating income in the first three quarters was 47.088 billion yuan, a year-on-year increase of 32.47%; net profit attributable to shareholders of listed companies was 14.317 billion yuan, a year-on-year increase of 59.97%. Changes in performance were mainly affected by geopolitical conflicts in the Middle East. The prices of petroleum and alkanes, the world's main chemical raw materials, have increased significantly, which has promoted the increase in market prices of chemical products and enhanced the profitability of the company's olefin products. At the same time, the Inner Mongolia olefins project reached full production in April 2025, with production and sales increasing significantly year-on-year. Xiaocai Note: The company’s Q3 net profit was 4.589 billion, and Q2 net profit was 6.067 billion. Based on this calculation, Q3 net profit dropped 24% month-on-month.