---
title: "Yongan Forestry issued a profit warning, expecting a net loss of RMB 78 million to RMB 115 million for the fiscal year 2024, a decrease of 141.05% to 160.52%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225544213.md"
description: "Yongan Forestry expects a net loss of RMB 78 million to RMB 115 million for the year 2024, a year-on-year decrease of 141.05% to 160.52%. The performance change is mainly due to a decrease of approximately RMB 290 million in income from the transfer of timber assets in the same period last year, as well as asset impairment losses caused by the cessation of construction of biomass energy projects"
datetime: "2025-01-20T11:08:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225544213.md)
  - [en](https://longbridge.com/en/news/225544213.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225544213.md)
generator: "portal-rs"
---

# Yongan Forestry issued a profit warning, expecting a net loss of RMB 78 million to RMB 115 million for the fiscal year 2024, a decrease of 141.05% to 160.52%

According to the Zhitong Finance APP, Yongan Forestry (000663.SZ) released its annual performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 78 million yuan and 115 million yuan, a year-on-year decrease of 141.05% to 160.52%.

The main reasons for the performance change are: (1) In the same period last year, 195,100 acres of timber assets were transferred, while in 2024, 6,200 acres of timber assets will be transferred, resulting in a year-on-year decrease of approximately 290 million yuan in confirmed gains from timber asset transfers; (2) Due to the suspension of the biomass energy project, it is expected that relevant asset impairment losses will be recognized, with the specific impairment amount to be determined based on the evaluation results of intermediary agencies

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**