This study aimed to explore the impact of the interaction between stakeholders in the sustainable development of the biomass industry and to reveal network issues relating to material flow and information flow under the current biomass energy development model. This study focused on the agriculture and forestry waste power generation industry. Taking the biomass industry in Nanjing, Suqian, and Yancheng as examples, the study selected six stakeholder groups involved in the industry and conducted field investigations by using semi-open interviews and questionnaires. The research mainly applied social network analysis methods, combined with UCINET software, to draw a network diagram of the stakeholder relationships and to quantitatively analyze stakeholder centrality and overall network density. The results revealed that (1) the biomass enterprises had the highest centrality in the overall network, which played a vital role in the construction of the overall network; (2) the farmers were positioned at the outer fringes of the industrial social network and their information acquisition capabilities and degree of control over the network were the lowest; and (3) the overall network density was low, which showed that the connections between stakeholders were not close enough to support the circulation of material and information in the overall network.