Performance Forecast - The company expects a net profit of 11.07 million to 16.60 million yuan, compared to a loss of 43.40 million yuan in the same period last year [1] - The net profit attributable to shareholders is projected to be between 20.11 million and 30.16 million yuan, with a significant increase in net profit after deducting non-recurring gains and losses, expected to be 13.06 million yuan [1] - Basic earnings per share are anticipated to be between 0.0147 yuan and 0.0221 yuan, recovering from a loss of 0.0577 yuan per share in the previous year [1] Reasons for Performance Change - The increase in LNG production and sales significantly contributed to the overall revenue growth compared to the previous year [1] - The company reduced its interest-bearing debt, leading to a decrease in financial expenses compared to the same period last year [1] - The company has recognized a significant reduction in estimated liabilities related to ongoing litigation, particularly in the case of "Fujia Leasing Contractual Liability Dispute" [1]

Core Viewpoint - Anqing City is focusing on high-quality development and ecological transformation, implementing innovative legislative measures to support green transition and environmental protection [1][2][4]. Group 1: Legislative Innovations - Anqing City has introduced a local regulation on the "Forest Chief System," promoting healthy development of the forestry industry, with an expected forestry industry output value of 68.2 billion in 2024 [2]. - The city has also enacted the first local regulation in the country for the protection of the Yangtze River dolphin, increasing the dolphin population from 130-150 in 2018 to over 190 by the end of 2024 [2]. - A "Waste-Free City" construction regulation was introduced to systematically advance solid waste management [3]. Group 2: Supervision and Accountability - Anqing City has established a "Supervision + Accountability" mechanism to enhance governance efficiency, focusing on urban integration and ecological civilization [4]. - The city has conducted legislative reviews and audits on environmental laws, ensuring compliance and addressing pollution control [6]. Group 3: Community Engagement - The city has engaged in extensive community outreach, with representatives submitting over 106,000 suggestions, particularly in urban construction and environmental protection [7]. - Anqing has established 100 grassroots democratic practice points to facilitate public participation in the legislative process [8]. Group 4: Economic Development and Infrastructure - Anqing Port, a key inland port, is being developed to enhance its role in the regional economy, with 16 strategies proposed to improve port services and infrastructure [5]. - The city is focusing on integrating urban and rural development, enhancing urban functionality and quality through comprehensive planning [4].

Group 1: Agricultural Development - The importance of strengthening farmland protection and construction to ensure food security is emphasized, along with extending the modern agricultural industry chain to promote rural revitalization and common prosperity [2] - The focus is on enhancing agricultural productivity and developing facility and smart agriculture, while also increasing agricultural technological innovation [2] - Efforts will be made to consolidate and expand poverty alleviation achievements and increase farmers' income through various channels [2] Group 2: Economic Development - New Zheng is committed to high-quality economic development by focusing on industrialization and modernizing key industries such as food, equipment manufacturing, and biomedicine [3] - The integration of cultural heritage into economic development is highlighted, with plans to promote tourism and cultural projects [3] - A comprehensive approach to risk management and governance is being implemented to enhance local governance efficiency [3] Group 3: Water Resource Management - The city’s water management strategy includes a dual focus on flood prevention and drought resistance, aligning with national strategies for ecological protection and high-quality development [4] - Emphasis is placed on optimizing water resource allocation and ensuring safe water supply for urban and agricultural needs [4] Group 4: Ecological Protection - Continuous efforts are being made to strengthen ecological protection in key river basins and to deepen pollution prevention initiatives [5] - The integration of forestry work with high-quality development and effective governance is a priority, focusing on sustainable practices and community engagement [6]

Group 1 - The company's stock experienced an abnormal trading fluctuation, with a cumulative deviation of 20.30% from the Shenzhen A-share index over three consecutive trading days from May 21 to May 23, 2025 [1] - The company conducted a verification process with its major shareholders and management, confirming no need for corrections or supplements to previously disclosed information [2][3] - The company found no significant changes in its operational situation or external business environment during the period of stock fluctuation [3] Group 2 - The major shareholder's trustee, Huabao Trust, did not engage in any buying or selling of the company's stock during the abnormal trading period [4] - The company confirmed that it has not violated any fair information disclosure regulations [5] - The board of directors stated that there are no undisclosed matters that should have been disclosed according to the Shenzhen Stock Exchange's listing rules [6]

Core Viewpoint - The legal opinion letter issued by King & Wood Mallesons addresses the inquiries from the Shenzhen Stock Exchange regarding Sichuan Shengda Forestry Industry Co., Ltd.'s 2024 annual report, focusing on issues related to fund occupation and illegal guarantees by the former controlling shareholder [1][2]. Group 1: Legal Compliance and Responsibilities - King & Wood Mallesons has conducted thorough verification and ensured that the facts presented in the legal opinion letter are true, accurate, and complete, adhering to the principles of diligence and good faith [2][3]. - The law firm emphasizes that it only provides opinions on legal matters related to the inquiry and does not guarantee the accuracy of accounting or auditing data [2][3]. Group 2: Issues Raised in the Inquiry - The inquiry highlights that the former controlling shareholder, Sichuan Shengda Forest Products Group Co., Ltd., occupied company funds and provided guarantees without board or shareholder approval, leading to risk warnings for the company [3][4]. - The company claims that since the first major shareholder, Huabao Trust, took over in March 2020, there are no longer issues of fund occupation or illegal guarantees [3][4]. Group 3: Remedial Measures and Legal Actions - The company has taken several remedial measures to address the issues of fund occupation and illegal guarantees, including comprehensive audits, improving internal controls, and enhancing governance structures [5][6]. - Specific actions include pursuing legal claims against the former controlling shareholder for fund recovery, with a total of 13.53 million yuan recovered through litigation [7][8]. - The company is actively involved in ongoing litigation against banks and creditors to recover funds that were wrongfully deducted due to illegal guarantees [13][14]. Group 4: Current Legal Status and Financial Implications - As of the date of the legal opinion, the company has maintained effective internal controls and has not incurred new instances of fund occupation or illegal guarantees since January 1, 2021 [7][8]. - The company is currently involved in multiple legal proceedings, with some cases still pending in higher courts, which may impact its financial standing and obligations [22][23].