Yueyang Forest & Paper sees Q3 profit decline, appoints new director

Yueyang Forest & Paper reported a significant decrease in Q3 2025 net profit attributable to shareholders, down 78.48% to RMB 17,769,828.50, and an 83.50% drop in total profit to RMB 13,926,926.38. This was primarily due to intense market competition, lower selling prices, and increased capitalized interest expenses from its 450,000-ton cultural paper project. The company also adjusted its 2025 related-party transaction forecasts, increasing raw material purchases by RMB 300 million and product sales by RMB 3.3752 million to support its cultural paper project.

The board approved the re-appointment of Tianjian Certified Public Accountants (Special General Partnership) as its audit firm for 2025, with an estimated fee of RMB 1.8 million, pending shareholder approval. This decision followed a review by the audit committee, which confirmed Tianjian's qualifications and professional capabilities.

Shareholders will convene on November 11, 2025, to vote on key proposals, including the re-appointment of Tianjian, the election of Liu Yan as a director, and the forecast of 2026 daily related-party transactions. Liu Yan, born in February 1980, holds a doctorate and currently serves as deputy general manager and party committee secretary of China Paper Investment Corporation and Yueyang Forest & Paper Co., Ltd.