On April 12, Sichuan shengda forestry held annual general meeting of shareholders, the company said Tung MI Fan Lihua Chengdu evening news reporter last year wood a affected wood prices on corporate profits.
Shengda forestry annual report shows, the company achieved operating income of 686.4922 million Yuan last year, an increase of 21.98%; operating profit of 15.0677 million Yuan, fell 40.09%.
Reasons for revenue but performance fell, said Fan Lihua “ wood prices is the main reason. Timber prices before 370-380 to $/M3, but the end of last year prices had risen to $ 450/M3, which had an impact on the performance of the company &rdquo. Chengdu evening news reporter Husch
