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Forest Packaging: Expected net profit in the first half of 2026 to fall year over year by 61.46%-74.30%

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Forest Packaging’s announcement: it expects that in the first half of 2026, its net profit attributable to the owners of the parent company will be RMB 8.0 million to RMB 12.0 million. Compared with the same period last year, this will decrease by 74.30% to 61.46%. It also expects that in the first half of 2026, its net profit attributable to the owners of the parent company after deducting non-recurring gains and losses will be RMB 5.0 million to RMB 7.5 million. Compared with the same period last year, this will decrease by 81.09% to 71.64%. Due to the implementation of investment projects, the company’s paper-making business has seen an increase in fixed-asset investment with value-added tax input tax credits; the “value-added tax refund on collection” has therefore decreased. Since the company’s “60.0 million tons per year digital inkjet paper industrial upgrading project” started operations in 2025, it has not yet generated profits; however, the loss amount during the reporting period has narrowed significantly compared with 2025.
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