Core Insights - A new company, Bazhong Cuifeng Tongda Timber Sales Co., Ltd., has been established with a registered capital of 6 million RMB [1] Company Overview - The legal representative of the company is Mo Qihong [1] - The business scope includes general projects such as timber sales, timber processing, timber acquisition, and sales of building materials [1] - The company is also involved in forestry-related activities and services, including forestry machinery services and sales of forestry products [1]

Group 1 - Fujian Jinsen held its 15th meeting of the 6th board of directors on October 28, 2025, to discuss amendments to the company's articles of association and related rules [1] - For the first half of 2025, Fujian Jinsen's revenue composition was as follows: forestry accounted for 95.57%, wood processing 3.61%, carbon sink business 0.44%, and others 0.38% [1] - The current market capitalization of Fujian Jinsen is 2.9 billion yuan [2]

Core Viewpoint - A new individual business named Jinghong Jinghachangrong Timber Business has been established, focusing on timber operations and related services [1] Company Summary - The legal representative of the newly established business is Li Changrong [1] - The registered capital of the business is 100,000 RMB [1] - The business scope includes licensed projects such as timber harvesting, which requires approval from relevant authorities before operations can commence [1] Industry Summary - General projects under the business scope include timber processing, timber sales, timber acquisition, processing of construction timber and components, machinery equipment leasing, forest management and maintenance, tree planting operations, and labor services (excluding labor dispatch) [1] - The business is allowed to operate independently based on its business license, except for projects that require approval [1]

Group 1 - Mianyang Xinyangsen Timber Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Zheng Yaxing [1] - The company's business scope includes licensed projects such as timber harvesting and transportation, and general projects like timber processing, acquisition, and sales [1] Group 2 - The company is involved in various activities including the processing of building timber and timber components, sales of forestry products, and comprehensive utilization of agricultural and forestry waste [1] - Additional services include the processing and utilization of crop straw, research and development of resource recycling technologies, and manufacturing of forestry machinery [1] - The company operates independently based on its business license, except for projects that require approval from relevant authorities [1]