Fujian Jinsen Forestry Co Ltd

Fujian Jinsen disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 45.4683 million yuan, down 9.50% year on year, while the net loss attributable to the parent company was 13.5818 million yuan, narrowing by 30.03% year on year. As the country's first state-controlled listed company focused purely on forest resource cultivation, its forestry main business revenue was 33.8507 million yuan, with gross margin up 15.19 percentage points year on year to 54.48%. The company has nearly 800,000 mu of forest resources and over 7.5 million cubic meters of standing timber volume, and took the lead in issuing the country's first forestry carbon ticket, with carbon sink business continuing to contribute to performance.

Fujian Jinsen disclosed its earnings forecast, expecting a net loss attributable to shareholders of 10 million to 18 million yuan for the first half of 2026, compared with a loss of 19.411 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 10.5 million to 18.5 million yuan, compared with a loss of 19.475 million yuan a year earlier. Basic loss per share is projected at 0.04 to 0.08 yuan. The company's main business includes forest cultivation and afforestation, forest conservation and management, and timber production and sales. The change in performance is attributed to the fact that the company's first-half results are relatively low, which is normal for the industry, and that government subsidies received during the reporting period increased compared with the same period last year.