Group 1 - The stock price of Fenglin Group on July 31 was 2.27 yuan, a decrease of 0.02 yuan compared to the previous trading day, with a trading volume of 205,200 hands and a transaction amount of 46 million yuan [1] - Fenglin Group's main business is the manufacturing and sales of artificial boards, including fiberboard and particleboard, and it is one of the earliest companies in China to engage in artificial board production [1] - On the evening of July 31, Fenglin Group announced that the total amount of external guarantees provided by the company and its subsidiaries was 825 million yuan, accounting for 31.57% of the company's audited net assets for the year 2024 [1] Group 2 - The announcement indicated that the company does not provide guarantees for its controlling shareholders, actual controllers, or their related parties, and there are no overdue guarantees [1]

证券日报网讯7月31日晚间，丰林集团（601996）发布公告称，截至本公告披露日，公司及下属公司对 外担保总额(包含已批准的担保额度内尚未使用额度与担保实际发生余额之和)为人民币8.25亿元(包括公 司向子、孙公司提供担保，子、孙公司间互相提供担保)，占公司2024年度经审计净资产的比例为 31.57%；上市公司对控股子公司提供的担保总额为8.25亿元，占公司2024年度经审计净资产的比例为 31.57%。公司不存在对控股股东和实际控制人及其关联人提供的担保，不存在逾期担保的情况。 ...

证券代码：601996 证券简称：丰林集团 公告编号：2025-022 广西丰林木业集团股份有限公司 关于为全资子公司提供担保的公告 重要内容提示： 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。 ● 被担保人名称： 1、广西丰林供应链管理有限公司（以下简称"丰林供应链"） 以上被担保人为广西丰林木业集团股份有限公司（以下简称"公司"）子公司， 不涉及关联交易。 ● 本次担保金额及已实际为其提供的担保余额： 1、本次公司为丰林供应链担保金额为人民币 1,500 万元。截至本公告披 露日，公司已实际为丰林供应链提供的担保余额为人民币 2,000 万元； ● 本次担保是否有反担保：无； ● 对外担保逾期的累计数量：公司不存在对外担保逾期的情况。 一、担保情况概述 （一）担保基本情况 为满足子公司日常经营发展的资金需求，公司于 2025 年 7 月 30 日与中信银 行股份有限公司南宁分行（以下简称"中信银行南宁分行"）签订 3 项《最高额 保证合同》，对丰林供应链在 2025 年 7 月 30 日至 2026 年 5 月 23 日 ...

Group 1 - The stock price of Fenglin Group is reported at 2.29 yuan, down 0.02 yuan from the previous trading day, with a decline of 0.87% [1] - The intraday price fluctuation range was between 2.25 yuan and 2.34 yuan, with a transaction amount reaching 0.44 billion yuan [1] - Fenglin Group's main business involves the research and production of artificial boards and wooden products, which are widely used in furniture manufacturing and architectural decoration [1] Group 2 - The company has provided a total bank guarantee of 110 million yuan for three of its subsidiaries, including Guangxi Baise Fenglin Artificial Board Co., Ltd. and Guangxi Fenglin Artificial Board Co., Ltd., with a guarantee period of three years from the maturity of the main contract [1] - On the day of reporting, the net outflow of main funds was 435,100 yuan, accounting for 0.02% of the circulating market value [1] - Fenglin Group is recognized as a key forestry enterprise in the Guangxi region, possessing a complete industrial chain layout [1]

Core Viewpoint - The company is focusing on differentiation and innovation to navigate the competitive landscape of the engineered wood panel industry, while also addressing market challenges and exploring new growth opportunities [2][4][5]. Group 1: Company Strategy - The company aims to avoid price wars and instead focuses on production based on sales, emphasizing the importance of managing inventory effectively [2][4]. - Differentiation is key, with the company enhancing product functionalities such as moisture resistance, flame retardance, and antibacterial properties to meet diverse customer needs [4]. - The company is expanding its market presence both domestically and internationally, with ongoing exports to countries like Japan, Vietnam, and Dubai [4]. Group 2: Industry Trends - The engineered wood panel industry is closely linked to the real estate sector, which is currently experiencing a downturn, leading to an oversupply situation [5]. - Despite the challenges, there are growth opportunities in new applications of engineered wood panels in sectors like aviation, automotive, and renovation projects [5]. Group 3: Sustainability Initiatives - The company is recognized as a national-level green factory and has implemented significant investments in emissions reduction technologies, achieving emissions well below national standards [6][7]. - The company is actively developing methodologies for voluntary greenhouse gas reduction and exploring carbon footprint initiatives with downstream customers [7]. Group 4: Financial Performance - In Q1 2025, the company reported a net loss of 34.87 million yuan, with a gross margin decline of 10.15 percentage points, primarily due to industry downturn and overcapacity [6]. - The company is committed to improving profitability through refined management practices, quality enhancement, and maintaining healthy cash flow [6].

证券代码：丰林集团 证券简称：601996 | | □√特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □√现场参观 | | | （请文字说明其他活动内容） □其他 | | | 平安证券股份有限公司广西分公司、国投证券股份有限公司广 | | 参与机构名称 | 西分公司、国泰海通证券股份有限公司广西分公司、国海证券 | | | 股份有限公司 | | 时间 2025 | 年 月 日 7 25 14:00-17:00 | | 地点 | 广西南宁市良庆区银海大道 号丰林集团 1233 | | | 董事、副董事长：SAMUEL NIAN LIU | | 上市公司 | 董事、总裁：王高峰 | | 接待人员姓名 | 董事、董事会秘书、财务总监：李红刚 | | | 监事会主席、生产总监：林国利 投资者现场参观丰林集团年产 万 40 m3超强刨花板生产线，并 | | | 就关注的问题进行沟通交流。 | | | Q1：鉴于国内刨花板产能持续增加，产销失衡的现状，公司 | | | 在产能调整、市场拓展以及产品差异化 ...

Core Viewpoint - The company has announced the provision of guarantees for its wholly-owned subsidiaries to support their operational financing needs, with a total guarantee amount of RMB 130 million for three subsidiaries [1][2][10]. Summary by Sections Guarantee Overview - The company has provided guarantees for three subsidiaries: Baise Fenglin (RMB 135 million), Fenglin Particleboard (RMB 145 million), and Huizhou Fenglin (RMB 20 million) [1]. - The guarantees are aimed at meeting the daily operational financing needs of the subsidiaries and are not associated with any related party transactions [1][10]. Internal Decision-Making Process - The company’s board of directors approved the provision of guarantees for subsidiaries during a meeting on April 10, 2025, allowing a maximum external guarantee limit of RMB 600 million for the year [2]. - The approved guarantee limit includes RMB 100 million for subsidiaries with a debt ratio above 70% and RMB 500 million for those below [2]. Subsidiary Information - Baise Fenglin has total assets of approximately RMB 651.57 million and total liabilities of RMB 244.42 million as of March 31, 2025 [3][4]. - Fenglin Particleboard has total assets of approximately RMB 539.36 million and total liabilities of RMB 182.54 million as of March 31, 2025 [6]. - Huizhou Fenglin has total assets of approximately RMB 272.73 million and total liabilities of RMB 120.84 million as of March 31, 2025 [8]. Guarantee Agreement Details - The guarantees are structured as joint liability guarantees with a maximum guarantee amount of RMB 45 million for Baise Fenglin and Fenglin Particleboard, and RMB 20 million for Huizhou Fenglin [9][10]. - The guarantee period is from July 23, 2025, to May 23, 2026, with a three-year guarantee period following the debt performance deadline [9]. Necessity and Reasonableness of Guarantees - The provision of guarantees is deemed necessary for the subsidiaries' stable operations and long-term development, aligning with the interests of the company and its shareholders [10]. - The board believes that the subsidiaries have stable operating conditions and good credit status, making the guarantee risks controllable [10]. Cumulative External Guarantee Status - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to RMB 825 million, representing 31.57% of the company's audited net assets for 2024 [10].

证券代码：601996 证券简称：丰林集团 公告编号：2025-021 广西丰林木业集团股份有限公司 关于为全资子公司提供担保的公告 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。 重要内容提示： ● 被担保人名称： 1、广西百色丰林人造板有限公司（以下简称"百色丰林"）； 2、广西丰林人造板有限公司（以下简称"丰林人造板"）； 3、丰林亚创（惠州）人造板有限公司（以下简称"惠州丰林"）； 以上被担保人均为广西丰林木业集团股份有限公司（以下简称"公司"）子公 司，不涉及关联交易。 ● 本次担保金额及已实际为其提供的担保余额： 1、本次公司为百色丰林担保金额为人民币 4,500 万元。截至本公告披露 日，公司已实际为百色丰林提供的担保余额为人民币 13,500.00 万元； 2、本次公司为丰林人造板担保金额为人民币 4,500 万元。截至本公告披 露日，公司已实际为丰林人造板提供的担保余额为人民币 14,500.00 万元； 3、本次公司为惠州丰林担保金额为人民币 2,000 万元。截至本公告披露 日，公司已实际为惠州丰林提供的 ...

[Guangxi Fenglin Wood Industry Group Co., Ltd. 2025 Half-Year Earnings Forecast](index=1&type=section&id=%E5%B9%BF%E8%A5%BF%E4%B8%B0%E6%9E%97%E6%9C%A8%E4%B8%9A%E9%9B%86%E5%9B%A2%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B82025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) The company forecasts a significant net loss for H1 2025, a sharp reversal from the profitable performance in the prior-year period [Current Period Earnings Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company projects a net loss attributable to parent company shareholders of -37 million to -55.5 million RMB for H1 2025 - The earnings forecast covers the period from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) | Metric | Projected Amount (RMB) | YoY Change | | :--- | :--- | :--- | | **Net Profit Attributable to Parent** | -37.0M to -55.5M | ↓ 626.90% to 890.35% | | **Non-recurring P/L Adjusted Net Profit** | -42.0M to -63.0M | ↓ 7162.17% to 10693.25% | [Prior Year Period Performance Review](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) The company was profitable in the same period of 2024, with a net profit attributable to parent company shareholders of 7.02 million RMB | Metric | H1 2024 Amount (RMB) | | :--- | :--- | | Total Profit | 7.10M | | Net Profit Attributable to Parent | 7.02M | | Non-recurring P/L Adjusted Net Profit | 0.59M | | Earnings Per Share (EPS) | 0.01 | [Analysis of Reasons for Projected Loss](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E4%BA%8F%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The projected loss is driven by market supply-demand imbalances and increased operational costs from production downtime - Market factors: **Continued expansion of domestic particleboard capacity** has led to a supply-demand imbalance and intense market competition[8](index=8&type=chunk) - Sales impact: Both **product sales volume and prices have declined** compared to the prior year period[8](index=8&type=chunk) - Operational factors: The company proactively increased production line downtime to manage inventory, resulting in **higher shutdown losses** year-over-year[8](index=8&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company states no major uncertainties affect this forecast, but the data is preliminary and unaudited - The company has not identified any major uncertainties that could affect the accuracy of this earnings forecast[9](index=9&type=chunk) - This earnings forecast is based on **preliminary accounting results** and has not been audited by a certified public accountant[9](index=9&type=chunk) [Other Explanations](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The final financial data will be detailed in the company's official 2025 semi-annual report - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report[10](index=10&type=chunk) - Investors are advised to be mindful of investment risks[10](index=10&type=chunk)

丰林集团（601996）公告，公司预计2025年半年度实现归属上市公司股东的净利润为-3700万元至-5550 万元，与上年同期相比，将减少4402万元至6252万元,同比减少626.90%至890.35%。预计2025年半年度 实现扣除非经常性损益之后归属于上市公司股东的净利润为-4200万元至-6300万元，与上年同期相比， 将减少4259万元至6359万元,同比减少7162.17%至10693.25%。 ...