Yunnan Jinggu Forestry projects massive first-half loss

Yunnan Jinggu Forestry Company Limited forecasts a net loss of RMB 10.5-13 billion for the first half of 2025, compared to RMB 819.59 million in the same period of 2024.

The massive loss stems from a downturn in the artificial board product market, leading to reduced sales volumes and prices, plus a significant drop in gross profit margin. Non-operating losses include asset impairments and provisions for contingent liabilities related to litigation.