Fujian Yongan Forestry reports revenue dip, narrows net loss, shakes up management

Fujian Yongan Forestry Group Joint-Stock reported a slight decrease in total operating revenue for the first half of 2025, reaching 131,642,681.58 yuan, down from 135,848,398.10 yuan in the prior year. Net profit attributable to shareholders of the listed company also saw an improvement, moving from a loss of -20,528,536.47 yuan to -17,617,616.04 yuan. The company's total assets decreased by 2.80% to 1,534,602,239.47 yuan.

The board approved the 2025 semi-annual financial report and resolutions to revise key governance documents, including the Information Disclosure Management System, Audit Committee Work Rules, Senior Management Remuneration Management Measures, Senior Management Performance Assessment Management Measures, and Investment Management System. These revisions indicate an ongoing effort to strengthen internal controls and corporate oversight. Additionally, the board approved convening the first extraordinary general meeting of shareholders for 2025.

The company also announced the resignation of Yang Yandong as board secretary and his appointment as deputy general manager, with Liu Xianghui appointed as the new board secretary, effective January 24, 2025. This reorganization aims to optimize the company's operational and strategic functions. The board further approved the company's 2024 annual financial report and profit distribution plan, which includes no cash dividends, bonus shares, or capital increase from capital reserves.