China Forestry Group Corporation (shortened as “bab555”) was a comprehensive forestry enterprise, set up by the original nine enterprises directly under the State Forestry Administration in 1996, and started to operate in 2001. The corporation mainly engaged in cultivating fast-growing and high-yield plantation domestically, management and reserve of forest resources internationally, production, processing and import and export of bamboo and wood products, forest products and forest tree seedlings. The corporation provides forest tourism service as well as fuel and forest fire fighting equipments and other supporting services for the large state-owned forest regions. The business covers from cultivation, forestry development and utilization of resources in forest products trade both at home and abroad, circulation and other key links. The corporation is currently the only forestry industry supervised by SASAC. The group of subsidiaries of the corporation, were all founded between the end of 1970's to 1990's. The companies were basically established in accordance with each part and the business field of forestry industrial chain. The corporation has six wholly-owned subsidiaries in China, holding and operating more than 70 enterprises altogether. And those companies have set up production bases and business outlets in New Zealand, Russia, Singapore, Burma and other countries.
Over the years, bab555 adhere to the forestry. It cooperates with forest areas in multiple levels and forms, participates in international forestry cooperation and competition actively. Following the forestry industrial policy of the state, the corporation made the development of enterprises as apart of the development of the industry. It plays an exemplary and leading role in maintaining the safety and security of national ecology, wood and species, and in sustainable development of forestry and international cooperation in resource development.
Facing the future, bab555 will shoulder the responsibility of maintaining safety and security of the national ecology and forest wood. It will continue take “bearing ecological responsibility, caring for the global forest, rationally exploiting resources, leading the industry development" as the business philosophy, adhere to the good faith management, innovation, and dedicate to cooperate with the large number of enterprises at home and abroad. In the future, bab555 will make new and greater contributions to the development of China's forestry industry and the construction of ecological civilization.