Yueyang Forest & Paper reports semi-annual revenue drop, announces share buyback

Yueyang Forest & Paper Co. Ltd. released its 2025 semi-annual report, showing a 6.01% decrease in operating revenue to CNY 4,484,252,777.79 and a 17.34% decrease in total profit to CNY 148,786,352.41 compared to the previous year. Net cash flow from operating activities decreased by 141.74% to CNY -253,254,729.88, primarily due to increased raw material purchases for its cultural paper project and pulp board stockpiling, alongside a decline in sales prices. Despite a 15.78-ton increase in paper product sales, market sluggishness led to lower revenue.

The company also announced an eighth board meeting approval for a share buyback plan, reducing its total shares by 8,184,000 shares for CNY 37,477,048.07, primarily for employee equity incentives. This buyback reduced the number of restricted shares from 8,184,000 to zero. The board also approved the risk assessment report for its financial services with Chengtong Financial Co. Ltd., confirming the safety and controllability of deposits. Additionally, a shareholder meeting was held to approve the cancellation of the supervisory board and amendments to the company's articles of association.