Company News

l Ganzhou Import and Export Timber Transit Trading Center project, with a total investment of 600 million yuan, is expected to be completed at the beginning of 2020. By reaching design capacity, the annual imports of timber is expected to reach 1.1 million cubic meters, with an import value of about 2.2 billion USD.
l On October 14, Shandong Qiansen Wood Industry Group Co., Ltd. signed a contract with Luzhai County Government of Guangxi Province to annually produce 200,000 cubic meters of high-end furniture board and 200,000 square meters of customized whole house furniture. The total investment of the project is about 200 million yuan, with planned land use of 100 mu.
l In the third quarters of 2019, Tubao Decoration’s operating revenues reached 1.29 billion RMB, up 6.86% year on year; the net profits stood at 127 million RMB, up 71.4% year on year.
l In the third quarters of 2019, Power Dekor’s operating revenues reached 2.03 billion RMB, up 4.16% year on year; the net profits stood at 270 million RMB, up 3.23% year on year.
l In the third quarters of 2019, Oppein’s operating revenues reached 4.025 billion RMB, up 20.08% year on year; the net profits stood at 745 million RMB, up 14.62% year on year.
l In the third quarters of 2019, Suofeiya’s operating revenues reached 2.17 billion RMB, up 2.42% year on year; the net profits stood at 329 million RMB, up 1.87% year on year.