Shengda Forestry swings to 1.1bn yuan profit

Sichuan Shengda Forestry Industry expects net profit of 1.1 billion to 1.7 billion yuan for the first half of 2025, reversing a 4.3 billion yuan loss from the same period last year.

The turnaround stems from substantially increased LNG production and sales, reduced interest-bearing debt lowering financial expenses, and a significant decrease in provisions for the Fujian Jia Leasing contract liability dispute.

Basic earnings per share are forecast at 0.0147 to 0.0221 yuan, improving from a loss of 0.0577 yuan previously.