Yunnan Jinggu Forestry Co LtdWood-based panel business suffers from real estate downturn, insufficient downstream demand, and falling prices.

*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.
Yunnan Jinggu Forestry Co LtdWood-based panel business suffers from real estate downturn, insufficient downstream demand, and falling prices.
Boda Digital Intelligence becomes wholly-owned subsidiary via gift, alleviating operating loss pressure.