Yueyang Forest & Paper boosts profitability, plans cash distribution

** Yueyang Forest & Paper (SSE:600963) reported a significant increase in net profit for 2024, driven by strategic acquisitions and greater efficiency. The company plans a cash dividend of ¥0.03 per share. Revenues reached ¥8.134 billion, accompanied by a net profit attributable to shareholders of ¥166.73 million, marking a substantial 118.05% increase. The company’s total assets stand at ¥20.383 billion with net assets valued at ¥7.917 billion. The company has also approved a plan to issue new shares. It is making efforts to prevent a decline in earnings.