升达林业因虚假陈述案被判赔偿，股价波动显著

Core Viewpoint - The recent focus on Shengda Forestry (002259) revolves around the progress of a securities false statement liability dispute, with a court ruling requiring the company to compensate 65 plaintiffs for investment losses totaling 8.8689 million yuan [1] Group 1: Legal Issues - On February 4, 2026, the Chengdu Intermediate People's Court ruled that the company must pay 8.8689 million yuan to 65 plaintiffs, with related responsible parties bearing joint liability [1] - As of early February 2026, the company has been involved in 371 similar cases, with a total amount in dispute of 179 million yuan, of which 101 cases have been heard but not yet decided [1] - The incident stems from a 2019 penalty by the China Securities Regulatory Commission for the company's failure to disclose significant guarantees, which may impact market sentiment following the recent ruling [1] Group 2: Stock Performance - Over the past 7 trading days (February 5 to 12, 2026), Shengda Forestry's stock price has shown significant volatility, with a peak increase of 6.95% on February 6, reaching 6.31 yuan, and a subsequent drop of 9.98% to 5.68 yuan on February 9 due to institutional selling [2] - As of February 12, the stock price was reported at 5.70 yuan, reflecting a slight decrease from the opening price of 5.82 yuan on February 5, with a total price fluctuation of 19.33% during this period [2] - The turnover rate is currently at 3.24%, with a total market capitalization of 4.288 billion yuan [2] Group 3: Financial Performance - On January 29, 2026, the company released its 2025 annual performance forecast, estimating a net profit attributable to shareholders of 110 million to 165 million yuan, representing a year-on-year increase of 816.77% to 1275.15%, primarily due to non-recurring gains from litigation settlements and provisions totaling approximately 102 million yuan [3] - However, the expected net profit excluding non-recurring items is projected to decline by 35.36% to 56.91%, indicating that the main business's gross margin is under pressure from industry competition [3] - The Q3 2025 financial report showed a quarterly revenue of 249 million yuan, a slight year-on-year increase of 0.78%, but a significant decline in net profit attributable to shareholders by 76.08%, with a gross margin of only 11.69% [3] Group 4: Institutional Sentiment - Currently, institutional interest in Shengda Forestry is low, with the latest market sentiment being neutral [4] - There have been no institutional research reports, and ratings are predominantly neutral, with no clear target price or profit forecast adjustments [4] - The uncertainty surrounding litigation and industry competition's long-term impact on fundamentals should be noted [4]