Fujian Yongan Forestry reports Q3 loss, invests in national reserve project

Fujian Yongan Forestry Group Joint-Stock announced its Q3 2025 results, with operating income at 84,411,953.44 yuan, a 1.07% decrease year-on-year for the quarter. Net profit attributable to shareholders was -2,156,577.86 yuan, an 88.40% increase compared to the previous year. The company also reported a decrease in total assets by 6.89% to 1,470,035,846.75 yuan and a slight decrease in owners' equity by 1.58% to 1,001,616,807.20 yuan.

The board of directors approved a provision for asset impairment of 19,545,200 yuan for the first three quarters of 2025, primarily due to impairment of construction in progress and other non-current assets. This decision will reduce the total profit for the period by 19,545,200 yuan before tax.

Concurrently, the company announced plans for a significant investment in the Fujian Zhangzhou National Reserve Forest Project (Phase I) through its wholly-owned subsidiary, Zhonglin (Zhangzhou) Forestry Development. The project, with an estimated total investment of 257,360,900 yuan, aims to develop 32,500 mu of forestland over an 8-year construction period (2025-2032). This strategic move aligns with national ecological security goals and aims to enhance the company's forestry resources.