Core Viewpoint - Jintai Feng International Holdings (09689.HK) expects to report a loss attributable to shareholders of no more than approximately RMB 5.5 million for the six months ending June 30, 2025, compared to a loss of approximately RMB 747,000 in the same period last year [1] Financial Performance - The anticipated increase in loss is primarily due to the suspension of the project to enhance the docking capacity of the Zengcheng oil depot and the termination of the contract with the project's general contractor [1] - The company will write off prepayments made to the general contractor amounting to approximately RMB 4.194 million and construction assets of approximately RMB 1.75 million [1]

Core Viewpoint - The company, Jintai Feng International Holdings, anticipates a significant increase in losses for the six months ending June 30, 2025, projecting a loss attributable to shareholders of approximately RMB 5.5 million, compared to a loss of about RMB 747,000 in the same period of 2024 [1] Financial Performance - The expected increase in losses is primarily attributed to the suspension of a project aimed at increasing the berthing capacity of the Zengcheng oil depot and the termination of the contract with the project's general contractor [1] - The company will incur write-offs of prepayments made to the general contractor and construction assets, amounting to approximately RMB 4.194 million and RMB 1.75 million, respectively [1]

Core Insights - The article highlights the successful integration of ecological conservation and industrial operations, specifically focusing on the carbon offset capabilities of a forest and its relationship with an oil storage facility [1][3][5] Group 1: Carbon Sequestration and Environmental Impact - The Shengda Ecological Forest Farm has 1.2 million white ash trees, each capable of absorbing 0.2 grams of CO2 annually, collectively forming a significant carbon sink [1][2] - The forest generates an annual carbon offset of 12,000 tons, which helps to neutralize the carbon emissions from the nearby Dongying oil depot [3] - The carbon-neutral certification achieved by the Dongying oil depot in October 2023 marks it as the first of its kind in China, having maintained carbon neutrality for two consecutive years [3] Group 2: Challenges and Mitigation Strategies - The forest faces increasing threats from wood-boring pests, prompting the implementation of various pest control measures, including tree topping and the introduction of pest-resistant tree species [3] - The forest has successfully transformed previously barren saline-alkali land into a thriving carbon-neutral area, accumulating a total of 159,800 tons of carbon sequestration, equivalent to reducing carbon emissions by 160 million kilowatt-hours [3] Group 3: Industry Transformation - The article illustrates the transition of traditional energy companies towards green and low-carbon practices, as evidenced by the carbon accounting associated with the oil depot's operations [5]