Yunnan Jinggu Forestry Co Ltd

ST Jinggu has released its 2026 interim report. As of June 30, 2026, the company's total operating revenue was 55.93 million yuan, down 54.65 percent from the same period last year, and net profit attributable to the parent company was a loss of 209,300 yuan. Net cash inflow from operating activities was 28.84 million yuan, the asset-liability ratio was 26.65 percent, and the gross margin was 32.90 percent, ranking second among peer companies. The company's latest return on equity was negative 0.06 percent, diluted earnings per share was negative 0.00 yuan, total asset turnover was 0.12 times, and inventory turnover was 0.24 times. The number of shareholders was 4,365, and the top ten shareholders held 91.22 million shares, accounting for 70.28 percent of the total share capital.

*ST Jinggu disclosed its earnings forecast, expecting a net loss attributable to the parent of 150,000 yuan to 300,000 yuan in the first half of 2026, compared with a loss of 124 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 450,000 yuan to 750,000 yuan, compared with a loss of 75.1445 million yuan a year earlier. The company said that its wood-based panel business was affected by the downturn in the real estate industry, with insufficient downstream demand, intensified industry competition, and falling product prices leading to weak overall profitability, resulting in operating losses in the current period. After the controlling shareholder Chow Tai Fook Investment Limited gifted a 51 percent stake in Shanghai Boda Digital Intelligence Technology Company Limited in 2025, it further gifted the remaining 49 percent stake in Boda Digital Intelligence to the company during the reporting period. Boda Digital Intelligence has become a wholly-owned subsidiary, with stable operations, effectively alleviating the pressure of operating losses in the first half of the year.