Core Viewpoint - The forestry sector experienced a rise of 1.68% on September 1, with Pingtan Development leading the gains, while the overall market indices also showed positive movement [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3875.53, up 0.46% [1] - The Shenzhen Component Index closed at 12828.95, up 1.05% [1] Group 2: Individual Stock Performance - Pingtan Development (000592) closed at 3.53, with a gain of 3.22% and a trading volume of 203.53 million shares, totaling a transaction value of 718 million yuan [1] - Fujian Jinsen (002679) closed at 9.80, up 2.19% with a trading volume of 89,400 shares, totaling 88.01 million yuan [1] - Yong'an Forestry (000663) closed at 6.59, up 1.07% with a trading volume of 69,400 shares, totaling 45.81 million yuan [1] - ST Jinggu (600265) closed at 66.0, down 1.92% with a trading volume of 10,200 shares, totaling 21.34 million yuan [1] Group 3: Capital Flow Analysis - The forestry sector saw a net outflow of 43.42 million yuan from institutional investors and 21.01 million yuan from speculative funds, while retail investors had a net inflow of 64.43 million yuan [1] - Individual stock capital flow details indicate that Yong'an Forestry had a net inflow of 2.95 million yuan from institutional investors, while Fujian Jinsen and ST Jinggu experienced net outflows of 2.80 million yuan and 6.04 million yuan respectively [2]

Core Viewpoint - ST Jinggu's financial performance for the first half of 2025 shows significant declines in revenue and net profit, indicating severe operational challenges and financial distress [1]. Financial Performance Summary - Total revenue for the first half of 2025 was 123 million yuan, a decrease of 45.03% year-on-year [1]. - The net profit attributable to shareholders was -124 million yuan, a decline of 1412.91% compared to the previous year [1]. - In Q2 2025, total revenue was 60.73 million yuan, down 49.22% year-on-year, with a net profit of -108 million yuan, a drop of 4586.7% [1]. - The gross margin was -11.85%, a decrease of 331.96% year-on-year, while the net margin was -164.09%, down 3244.62% [1]. - The total of selling, administrative, and financial expenses reached 31.40 million yuan, accounting for 25.46% of total revenue, an increase of 111.37% year-on-year [1]. Key Financial Ratios - Earnings per share (EPS) was -0.95 yuan, a decrease of 1415.87% year-on-year [1]. - The net asset value per share was 0.75 yuan, down 38.5% from the previous year [1]. - The operating cash flow per share was -0.06 yuan, an increase of 46.95% year-on-year [1]. Historical Performance Insights - The company's historical financial performance has been poor, with a median Return on Invested Capital (ROIC) of -7.05% over the past decade, and a particularly low ROIC of -91.24% in 2017 [3]. - The company has reported losses in 11 out of 24 annual reports since its listing, indicating a trend of financial instability [3]. Cash Flow and Debt Analysis - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 22.63%, and the average operating cash flow over the past three years to current liabilities ratio at only 4.87% [4]. - The interest-bearing debt ratio has reached 29.21%, and the total interest-bearing debt to average operating cash flow ratio is at 13.35% [4]. - Financial expenses are significantly high, with financial expenses to average operating cash flow ratio at 128.18% [4].

Group 1 - The forestry sector experienced a decline of 3.64% on August 28, with Pingtan Development leading the drop [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] - Key stocks in the forestry sector showed varied performance, with ST Jinggu up 0.69% and Pingtan Development down 6.20% [1] Group 2 - The net outflow of main funds in the forestry sector was 29.79 million yuan, while retail investors saw a net inflow of 13.74 million yuan [1] - Detailed fund flow data indicated that ST Jinggu had a main fund net inflow of 1.31 million yuan, while Pingtan Development had a net outflow of 4.10 million yuan [2] - The retail inflow for Fujian Jinsen was significant at 11.19 million yuan, despite a main fund outflow of 14.19 million yuan [2]

Core Viewpoint - ST Jinggu (600265.SH) reported a significant decline in revenue and incurred a net loss for the first half of 2025, indicating financial distress and operational challenges [1] Financial Performance - The company achieved a revenue of 1.23 billion, representing a year-on-year decrease of 45.03% [1] - The net profit attributable to shareholders was a loss of 1.24 billion [1] - The non-recurring net profit loss amounted to 751.4 million [1] - Basic earnings per share were reported at -0.955 yuan [1]

Group 1 - The forestry sector experienced a rise of 2.67% on August 27, with Pingtan Development leading the gains [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] - Pingtan Development's stock price increased by 9.94% to 3.87, with a trading volume of 1.5455 million shares and a transaction value of 586 million [1] Group 2 - The net inflow of main funds in the forestry sector was 188 million, while retail funds saw a net outflow of 84.0847 million [1] - Individual stock performances showed varied results, with Pingtan Development seeing a significant increase, while ST Jinggu and Fujian Jinsen experienced declines of 3.12% and 3.63% respectively [1][2] - The trading data indicates that ST Jinggu had a trading volume of 16,100 shares and a transaction value of 35.2083 million, while Yong'an Forestry saw a decline of 5.28% with a trading volume of 289,700 shares and a transaction value of 199 million [1][2]

关于控股子公司涉及诉讼事项的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：600265 证券简称：ST 景谷 公告编号：2025-076 云南景谷林业股份有限公司 重要内容提示： ●案件所处的诉讼阶段：法院已立案受理，尚未开庭。 ●当事人所处的地位：云南景谷林业股份有限公司（以下简称"公司"）控 股子公司唐县汇银木业有限公司（以下简称"汇银木业"）、汇银木业原实际控 制人崔会军、王兰存为被告。 ●涉案金额：汇银木业本次收到河北省顺平县人民法院（以下简称"顺平法 院"）送达的 1 份《民事起诉状》《应诉通知书》等相关法律文书，涉案金额包 括本金 100 万元及相应利息。 ●是否会对上市公司损益产生负面影响：本次诉讼案件尚未开庭审理，诉讼 的结果尚存在不确定性，对公司本期利润及期后利润的影响具有不确定性，最终 影响以法院判决为准。 ●截至本公告日，公司控股子公司汇银木业涉及财产保全及诉讼事项累计 19 项，涉案金额合计约为 11,047.65 万元（诉讼本金，不包括相应利息，最终以 收到的立案文书等为准），占最近 ...

云南景谷林业股份有限公司 证券代码：600265 证券简称：ST 景谷 公告编号：2025-072 | 人造板产品（立方米） | | 59,682.70 | | | 105,801.81 | -43.59 | | --- | --- | --- | --- | --- | --- | --- | | 主要产品 林化产品（吨） | 2025 | 年 4-6 | 月 | 年 月 2024 4-6 | 188.64 | 变动比例（%） -100.00 | 2025 年第二季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 云南景谷林业股份有限公司（以下简称"公司"）根据《上海证券交易所股 票上市规则》《上海证券交易所上市公司自律监管指引第3号——行业信息披露》 等规则要求，现将2025年第二季度主要经营数据（未经审计）披露如下： 一、主要产品产量及同比增减情况 二、主要产品销量及同比增减情况 | 主要产品 | 2025 | 年 4-6 | 月 | 2024 | 年 月 4-6 | 变动比例（%） | | --- | ...

证券代码：600265 证券简称：ST 景谷 公告编号：2025-075 云南景谷林业股份有限公司 第九届监事会第三次会议决议公告 （一）审议通过《2025 年半年度报告》及摘要。 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、监事会会议召开情况 经与会监事认真审议，本次会议审议并通过如下议案： 表决结果：3 票同意，0 票反对，0 票弃权。 与会监事对公司 2025 年半年度报告进行了认真严格的审核，并提出了如下 书面审核意见，与会监事一致认为： （1）公司 2025 年半年度报告的编制和审议程序符合法律、法规、规范性 文件、《公司章程》及公司内部管理制度的各项规定； （2）公司 2025 年半年度报告的内容和格式符合中国证监会和上海证券交 易所的各项规定，所包含的信息能全面、真实地反映出公司 2025 年半年度报告 的经营管理和财务状况等事项； （3）未发现参与 2025 年半年度报告编制和审议的人员有违反保密规定的 行为。 云南景谷林业股份有限公司（以下简称"公司"）于 2025 年 8 月 27 日（星 期三）上 ...

云南景谷林业股份有限公司2025 年半年度报告 公司代码：600265 公司简称：ST 景谷 云南景谷林业股份有限公司 2025 年半年度报告 1 / 173 云南景谷林业股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 是 详见本报告第五节之一、承诺事项履行情况"注 29"及二、"报告期内控股股东及其他关联 方非经营性占用资金情况"的相关内容。 八、 是否存在违反规定决策程序对外提供担保的情况 否 四、 公司负责人吴昱、主管会计工作负责人项良宝及会计机构负责人（会计主管人员）邵琳声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 报告期内公司不进行利润分配。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，请投资 者注意投资风险。 七、 是否存在被 ...

Group 1 - The core point of the article indicates that ST Jinggu reported a significant decline in revenue and an increase in net loss for the first half of 2025 [1] Group 2 - The company's operating revenue for the first half of 2025 was 123 million yuan, representing a year-on-year decrease of 45.03% [1] - The net loss attributable to shareholders of the listed company was 124 million yuan, compared to a net loss of 8.2 million yuan in the same period last year [1] - The company announced that there would be no profit distribution during the reporting period [1]