Headquartered in Beijing, China, CFCL has 13 subsidiaries including some listed companies such as Changlin Joint-Stock Company, Linhai Joint-Stock Company, and Sufoma Joint-Stock Company. In addition, CFCL has set up a number of joint ventures with some world-class enterprises including Komatsu and Yamaha from Japan and Hyundai from Korea. These joint ventures are located in major cities of Beijing, Shanghai, Tianjin, Guangzhou, Harbin, and in some eastern developed areas such as Jiangsu Province, with their marketing offices spreading all over the country. CFCL has also established its trading and marketing facility in Malaysia.

CFCL is the only large-sized enterprise in China’s forestry machinery industry. The Company manufactures and markets more than 300 products, which can be classified into four categories including synthetic wood board and woodworking machinery, mini-type power generating machines, autocycles, engineering machinery, and tools, etc. Of all the products manufactured by CFCL, forestation machinery, wood chippers, thicknessing and grinding lines, veneer dryers, synthetic wood board secondary processing lines, impregnation and drying lines have occupied over 50% of the domestic market share. Many of these products have been exported to many industrialized countries and regions such as the U.S., Canada, Japan, Germany, and some Southeast Asian economies. It worth particular mentioning that CFCL is the leading manufacturer of the synthetic wood board lines in China, the innovations achieved by this Company has made great impact on the country’s synthetic wood board line development.

Through the deepened reform, shifted operation mechanism, readjusted structure and strengthened management, CFCL has increasingly enhanced the innovations in institutional improvement, operation mechanism reform, management readjustment, and scientific and technological development, maintaining a momentum for a stable and sustainable development. The Company has provided a large amount of advanced and serviceable techniques and equipment for the country’s forestry construction and production, making a significant contribution to the establishment of a sound forestry ecological system and a well-developed forestry industry in China. By the end of 1999, the Company’s total assets had reached 2.6 billion RMB, and its profit payments and tax turnover had exceeded over 100 million RMB. The total market value of the three listed companies controlled by CFCL has exceeded 7 billion RMB.

Approved by the relevant government department, Foma Group was established on the basis of China Foma (Group) Co., Ltd. To date, the group has developed into an intertrade and transregional enterprise with 35 group members.

With good understanding of its mission -- “being dedicated to the development of forestry industry, being oriented to the market, and getting ready for competing on the international market”, CFCL will increasingly strengthen its competitiveness in the market and seek the opportunities for cooperation with business partners home and abroad by continuously carrying forward its corporate spirit - “being honest, pragmatic, innovative, and strong”, by adhering to the development concept that “the corporate development should be human centered and should never become self-content”, and by following the strategic management concept focusing on “reform, readjustment, enhancement and development.”