Fenglin Wood Industry forecasts 55.5m yuan half-year loss

Guangxi Fenglin Wood Industry Group forecasts a net loss of 37.0 million to 55.5 million yuan for the first half of 2025, compared to a 7.0 million yuan profit in the same period last year.

The anticipated losses stem from domestic particleboard production overcapacity creating oversupply, intense market competition, and increased shutdown costs as the company manages inventory levels.