hardybougle312| A coke oven gas leak and flash accident occurred in a chemical plant, involving A 100-share giant

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In the early morning of April 18, an explosion occurred in Baofeng Energy Group Co., Ltd. (hereinafter referred to as "Baofeng Energy") at Ningdong Energy and Chemical Base in Ningxia, killing two people and burning four (including two seriously injured). The fire at the scene was put out at about 03:40

Involving hundreds of billions of coal-to-olefin giants

Ningdong Emergency official account said at 14:00 this afternoon that the accident was caused by Ningxia Dongyi Environmental Protection Technology Co., Ltd. the accident was a coke oven gas leakage and flashover accident, killing two on-site operators and injuring four people. among them, three were slightly injured and one was not life-threatening. At present, the emergency treatment of the accident has ended, the injured have properly sought medical treatment, and the family members have been comforted and the aftermath has been carried out in an orderly manner.

Liu Yuanguan, director and president of Baofeng Energy, said at the performance presentation meeting on the afternoon of April 18 that today, the company's subsidiary Dongyi Environmental Protection 200000 tons / year coke oven gas methanol plant occurred conversion gas leakage, flash accident occurred in the process of emergency repair. At present, the emergency treatment of the accident has been completed, the injured have been properly arranged for medical treatment, the family members have been comforted and the aftermath has been carried out in an orderly manner, and the cause of the accident is under investigation. The scope of the accident is limited to this device, other production devices of the company are in normal production, and the order of production and operation is not affected.

Tianyan survey shows that Ningxia Dongyi Environmental Protection Technology Co., Ltd. was established in 2010, is a listed company Baofeng Energy wholly-owned subsidiary, located in Yinchuan City, Ningxia Hui Autonomous region, is mainly engaged in chemical raw materials and chemical products manufacturing enterprises. The registered capital of the enterprise is 170.24 million yuan.

Baofeng Energy registered address is located in Ningdong national energy and chemical base. On April 18, Baofeng energy shares fell sharply in the afternoon, falling more than 4% in one minute. As of the close, the company's share price was at 16.Hardybougle312.53 yuan per share, a decrease of 2.Hardybougle312.36%, the latest market value of the company is 121.2 billion yuan.

Picture sourceHardybougle312Oriental Wealth

Capacity will increase to 5.2 million tons by the end of this year

Baofeng Energy 2023 annual report shows that in 2023, the company achieved operating income of 29.1 billion yuan, an increase of 2.5% over the same period last year; net operating cash flow of 8.7 billion yuan, an increase of 31.2% over the same period last year, and net profit of 5.9 billion yuan, a decrease of 11.46% over the same period last year. In the fourth quarter, the company realized operating income of 8.735 billion yuan, an increase of 25.77% over the same period last year; the net profit belonging to the owner of the parent company was 1.76 billion yuan, an increase of 89.25% over the same period last year.

With the smooth commissioning of Ningdong Phase III project, the company's coal-to-olefin production capacity has increased to 2.2 million tons / year. The construction of the company's annual coal-to-olefin production capacity of 5 million tons in Inner Mongolia is progressing smoothly, of which the first phase of the 3 million-ton annual project is expected to be put into production in the fourth quarter of 2024, when the company's annual coal-to-olefin production capacity will increase to 5.2 million tons.