The most powerful “export dark horse” in A-shares breaks out!
On April 30, Baofeng Energy (600989) officially announced that the explosion was positive: product exports have increased significantly year-on-year this year!
The globalization strategy has been accelerated in an all-round way, directly detonating market sentiment!
What’s even more dramatic is that the prices of core products rebounded against the trend in the first quarter:
- The average price of polyethylene rose 1.2% month-on-month
- The average price of polypropylene rose 6.2% month-on-month
While exports are booming, prices are picking up, and performance and valuation are two-wheel drive. This wave of market has just begun!
1. Explosion in exports, reaping global dividends
Since the beginning of this year, the international market has undergone sudden changes, geopolitical conflicts in the Middle East have disturbed the global energy pattern, and international polyolefin prices have soared, far exceeding the domestic market price!
Baofeng Energy accurately stepped into the trend. With its ultimate cost advantage and improved overseas channels, its export volume surged significantly year-on-year. In March, its export volume hit a record high!
The company has self-operated import and export qualifications, cooperates with top foreign trade institutions, and its overseas layout has long been mature.
In the future, we will continue to deepen our overseas cultivation, dynamically adjust the domestic and foreign sales structure, and fully expand our global operation capabilities!
If you can’t make money domestically, then go overseas to earn high prices. This is the top pattern of leading companies!
2. Performance exploded, bucking the trend and earning 50%+
During the industry downturn, Baofeng Energy performed “contrary to the trend and became king”!
In the first quarter of 2026, domestic polyolefin prices fell sharply year-on-year: polyethylene -12.31% and polypropylene -7.44%.
However, Baofeng Energy delivered an incredible report card: revenue of 13.237 billion yuan, +22.90% year-on-year; net profit attributable to parent companies was 3.661 billion yuan, +50.23% year-on-year.
Prices fall and profits rise, relying on three hard logics:
- Cost crushing: self-owned coal mines + coal-to-olefins technology, the cost is 30%+ lower than overseas petroleum base, and global competitiveness is invincible
- Capacity release: Inner Mongolia’s 3 million tons olefins project has reached full production, sales increased by 40% year-on-year, and economies of scale are fully realized
- Explosive profits from exports: The high-price overseas market has increased its volume, hedging against domestic price pressure, and profit elasticity has been fully opened
3. 31 institutions are collectively bullish, and the target price has been raised
In the past 6 months, 31 institutions have come together to issue overweight/buy ratings, and they are unanimously optimistic about Baofeng Energy’s global growth logic!
UBS Securities directly raised its target price to 38.2 yuan, clearly optimistic that second-quarter profits will continue to increase quarter-on-quarter!
Institutional consensus: Baofeng Energy is standing at a triple golden turning point:
- Dividends from new production capacity
- Dividends from low coal prices
- Export substitution dividends brought about by geopolitical conflicts
4. Top-level logic, long-term growth is expected
The outbreak of Baofeng Energy is no accident, but the perfect resonance of dividends of the times + hard power!
As a national strategic energy route, the value of coal-to-olefins has been continuously revalued against the background of high international oil prices and turbulent situations in the Middle East!
The company holds the three trump cards of low cost + large production capacity + global channels. In the future, the proportion of domestic and foreign sales will be flexibly adjusted, and the performance growth will be certain!
The 200 billion coal chemical industry leader, explosive export volume + price rebound + institutional unity, triple positive resonance, the market is about to explode!
In the era of restructuring of the global energy landscape, Baofeng Energy is accelerating from a domestic leader to a global chemical giant, with room for growth completely opened!
How high do you think Baofeng Energy can rise in this wave?
Let’s chat in the comment section!
