Fenglin Group disclosed its earnings forecast, expecting a net loss attributable to shareholders of 90 million to 130 million yuan in the first half of 2026, compared with a loss of 46.6002 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 50 million to 80 million yuan, compared with a loss of 53.5636 million yuan in the same period last year. The company is mainly engaged in the production and sale of particleboard and medium-density fiberboard, as well as afforestation. The change in performance is mainly due to differences in the understanding and application of tax policies between the company and its subsidiaries and the tax authorities. Tax treatment in accordance with relevant requirements reduced the current period's profit by a total of 64.7168 million yuan.
Guangxi Fenglin Wood Industry Group Co LtdCompany expects net loss of 90-130 million yuan in H1 2026, wider than prior year loss, due to tax policy differences reducing profit by 64.7 million yuan.