天眼查App显示，近日，上饶元梦木业有限公司成立，法定代表人为叶卫英，注册资本100万人民币， 经营范围为许可项目：住宅室内装饰装修（依法须经批准的项目，经相关部门批准后在许可有效期内方 可开展经营活动，具体经营项目和许可期限以相关部门批准文件或许可证件为准）一般项目：日用木制 品销售，地板销售，家具销售，金属制品销售，五金产品批发，五金产品零售，工艺美术品及礼仪用品 销售（象牙及其制品除外），建筑材料销售，建筑装饰材料销售，日用木制品制造，地板制造，货物进 出口，技术进出口，销售代理，进出口代理，互联网销售（除销售需要许可的商品）（除依法须经批准 的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - Jiangxi Hanting Wood Industry Co., Ltd. has been established with a registered capital of 1 million RMB, indicating a new player in the wood processing and manufacturing sector [1] Company Summary - The legal representative of Jiangxi Hanting Wood Industry Co., Ltd. is Xu Luosheng [1] - The company has a registered capital of 1 million RMB [1] Business Scope - The company is involved in various licensed and general projects, including: - Timber harvesting and transportation (subject to approval) [1] - Wood processing and manufacturing of construction timber and components [1] - Furniture manufacturing and production of rattan products [1] - Manufacturing of flooring and cork products [1] - Production of furniture accessories and artificial afforestation [1] - Timber acquisition, sales, and sales of wooden containers [1] - Sales of paper products and insulation materials [1] - Sales of daily wooden products and rental of construction machinery and equipment [1] - Forestry pest control services [1]

Core Viewpoint - ST Jinggu (600265.SH) plans to transfer 51% equity stake in Huiyin Wood Industry to Chow Tai Fook Investment for approximately 133 million yuan, aiming to isolate debts, lawsuits, and operational risks [1] Group 1: Transaction Details - The transaction will be conducted in cash, with a total price of about 133 million yuan [1] - By divesting the 51% stake, the company aims to mitigate adverse impacts on its overall operations [1] Group 2: Financial Impact - The transaction is expected to lower the company's debt-to-asset ratio, thereby improving its financial condition and operational performance [1] - This move is anticipated to enhance the company's ability to sustain ongoing operations, positively influencing its business [1]

每经AI快讯，有投资者在投资者互动平台提问：请问贵公司近两年是否将产品出口至欧盟国家？ 康欣新材（600076.SH）11月14日在投资者互动平台表示，公司近两年没有将产品出口至欧盟国家。 （记者 王晓波） ...

天眼查App显示，近日，龙山县盛源木业有限公司成立，法定代表人为梁莉莉，注册资本10万人民币， 经营范围为许可项目：木材采运（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经 营项目以批准文件或许可证件为准）一般项目：木材加工;木材销售;木材收购;建筑用木料及木材组件加 工;建筑装饰材料销售;建筑材料销售;茶具销售;工艺美术品及收藏品零售（象牙及其制品除外）;工艺美 术品及礼仪用品销售（象牙及其制品除外）;家具制造;家具销售;互联网销售（除销售需要许可的商品） （除依法须经批准的项目外，自主开展法律法规未禁止、未限制的经营活动）。 ...

天眼查App显示，近日，岳西县更新木业有限公司成立，法定代表人为殷兴军，注册资本20万人民币， 经营范围为一般项目：木材加工；日用木制品制造；日用木制品销售；软木制品制造；软木制品销售； 农作物秸秆处理及加工利用服务；林业有害生物防治服务；森林经营和管护；竹制品制造；竹制品销 售；地板制造；木材收购；竹材采运；生物质燃料加工；生物质成型燃料销售；木材销售；地板销售 （除许可业务外，可自主依法经营法律法规非禁止或限制的项目）许可项目：木材采运（依法须经批准 的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

天眼查App显示，近日，砀山县朗丰木业有限公司成立，法定代表人为候建立，注册资本100万人民 币，经营范围为一般项目：木材加工；竹木碎屑加工处理；人造板制造；建筑用木料及木材组件加工； 地板制造；木材销售；木材收购；软木制品销售；日用木制品销售；木制玩具销售；人造板销售；树木 种植经营；地板销售（除许可业务外，可自主依法经营法律法规非禁止或限制的项目）许可项目：胶合 板产品生产（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批 准文件或许可证件为准）。 ...

天眼查App显示，近日，辛集市森宏木业有限公司成立，法定代表人为冯少闯，注册资本10万人民币， 经营范围为一般项目：木材加工;木材收购;木材销售;人造板销售;软木制品制造;软木制品销售;日用木制 品制造;门窗制造加工;家具销售;纸制品销售;建筑材料销售;家居用品销售;运输货物打包服务;五金产品批 发;通用设备修理;室内木门窗安装服务;普通机械设备安装服务（除依法须经批准的项目外，凭营业执照 依法自主开展经营活动）许可项目：道路货物运输（不含危险货物）（依法须经批准的项目，经相关部 门批准后方可开展经营活动，具体经营项目以批准文件或许可证件为准）。 ...

天眼查App显示，近日，腾冲市发啟木材店（个体工商户）成立，法定代表人为番发啟，注册资本40万 人民币，经营范围为一般项目：木材销售；木材加工；木材收购。（除依法须经批准的项目外，凭营业 执照依法自主开展经营活动）许可项目：木材采运。（依法须经批准的项目，经相关部门批准后方可开 展经营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - In the context of a weak supply - demand pattern, the log futures market is expected to continue its weak and volatile operation. The supply of logs is expected to increase this week, and the spot price is declining, putting pressure on the market. However, the current futures price is relatively low, and the significant inversion between domestic and foreign prices provides some support from import costs, limiting the downside space of the futures price [2][3] 3. Summary According to Relevant Catalogs 3.1 Futures and Spot Prices - **Futures Prices**: On November 12, 2025, the prices of log futures contracts showed minor fluctuations. For example, the price of log 2601 was 778.5 yuan/cubic meter, up 2 yuan/cubic meter from the previous day, with a daily increase of 0.26%. The price of log 2603 was 792.5 yuan/cubic meter, up 1 yuan/cubic meter, with a daily increase of 0.13%. The price of log 2605 was 812 yuan/cubic meter, up 1.5 yuan/cubic meter, with a daily increase of 0.19%. The price of log 2511 remained unchanged at 740 yuan/cubic meter [1] - **Spot Prices**: The spot prices of various types of logs in ports such as Rizhao and Taicang remained stable on November 12, 2025, with no price changes compared to the previous day. For instance, the price of 3.9A small - sized radiata pine in Rizhao Port was 700 yuan/cubic meter, and the price of 4A small - sized radiata pine in Taicang Port was 710 yuan/cubic meter [1] - **Foreign Quotes**: As of November 14 and November 7, the CFR prices of radiata pine 4 - meter medium A and spruce 11.8 - meter remained unchanged at 116 US dollars/JAS cubic meter and 126 euros/JAS cubic meter respectively [1] - **Cost Calculation**: On November 12, 2025, the RMB - US dollar exchange rate was 7.121 yuan, down 0.003 from the previous day, with a decrease of 0%. The import theoretical cost was 811.82 yuan, down 0.34 yuan from the previous day, with a decrease of 0% [1] 3.2 Supply - **Monthly Supply**: In October 2025, the port throughput was 201.3 million cubic meters, an increase of 24.7 million cubic meters from September, with a growth rate of 13.99%. The number of ships arriving at the port from New Zealand to China, Japan, and South Korea increased from 46 to 54, with a growth rate of 17.39% [1] - **Weekly Forecast**: From November 10 - 16, 2025, the number of pre - arriving New Zealand log ships at 13 Chinese ports was 12, a decrease of 4 from the previous week, with a week - on - week decrease of 25%. The total arrival volume was about 39.5 million cubic meters, a decrease of 13.6 million cubic meters from the previous week, with a week - on - week decrease of 26% [2] 3.3 Inventory - **Weekly Inventory**: As of November 7, 2025, the total inventory of logs in major Chinese ports was 293 million cubic meters, an increase of 5 million cubic meters from October 31, with a growth rate of 1.74%. In Shandong, the inventory was 191.5 million cubic meters, an increase of 3.2 million cubic meters, with a growth rate of 1.70%. In Jiangsu, the inventory was 82.45 million cubic meters, an increase of 0.2 million cubic meters, with a growth rate of 0.24% [1][2] 3.4 Demand - **Weekly Demand**: As of November 7, 2025, the daily average log出库 volume in China was 6.63 million cubic meters, an increase of 0.35 million cubic meters from October 31, with a growth rate of 6%. In Shandong, it was 3.79 million cubic meters, an increase of 0.6 million cubic meters, with a growth rate of 19%. In Jiangsu, it was 2.28 million cubic meters, a decrease of 0.15 million cubic meters, with a decrease rate of - 6% [2]