Southern Packaging Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	66.48	62.42	90.22	67.24	80.46	66.02
Short-Term Investments	7.56	-	-	0.49	-	-
Cash & Short-Term Investments	74.05	62.42	90.22	67.73	80.46	66.02
Cash Growth	58.07%	-30.81%	33.20%	-15.82%	21.88%	-47.74%
Accounts Receivable	142.73	152.85	152.9	142.74	222.61	138.44
Other Receivables	16.27	13.02	15.68	25.92	16.77	3.51
Receivables	159.01	165.87	168.59	168.65	239.39	141.95
Inventory	346.98	355.49	362.83	397.88	398.56	316.55
Prepaid Expenses	-	0.74	0.39	2.37	0.49	-
Other Current Assets	28.8	38.41	28.22	19.55	31.69	48.51
Total Current Assets	608.84	622.93	650.25	656.18	750.59	573.02
Property, Plant & Equipment	342.09	356.73	398.71	440.98	437.07	468.11
Other Intangible Assets	34.86	35.4	36.48	37.56	38.63	39.71
Long-Term Deferred Tax Assets	10.92	10.92	18.43	16.21	6.28	5.39
Other Long-Term Assets	88.27	89.35	91.52	94.02	96.3	0.4
Total Assets	1,085	1,115	1,195	1,245	1,329	1,087
Accounts Payable	143.43	166.17	201.68	273.14	306.81	103.24
Accrued Expenses	18.01	19.38	22.61	21.51	20.87	18.78
Current Portion of Long-Term Debt	337.27	349.27	329.84	318.86	317.62	250.81
Current Portion of Leases	2.36	2.37	2.35	2.62	2.75	2.4
Current Income Taxes Payable	4.43	4.24	4.98	4.5	5.16	4.45
Current Unearned Revenue	8.57	7.37	6.75	5.48	10.35	8.62
Other Current Liabilities	9.71	6.94	6.3	8.54	15.15	8.57
Total Current Liabilities	523.78	555.75	574.52	634.65	678.71	396.87
Long-Term Debt	71.48	47	87.61	63.33	65.17	116.48
Long-Term Leases	-	-	0.81	-	-	-
Long-Term Unearned Revenue	7.16	7.16	8.3	9.43	10.57	11.71
Long-Term Deferred Tax Liabilities	1	1	1	1	1	1
Total Liabilities	603.42	610.91	672.24	708.42	755.46	526.06
Common Stock	230.59	230.59	230.59	230.59	230.59	230.59
Retained Earnings	239.31	262.03	280.93	294.44	332.26	319.08
Comprehensive Income & Other	11.66	11.79	11.63	11.49	10.56	10.91
Shareholders' Equity	481.57	504.42	523.15	536.52	573.41	560.57
Total Liabilities & Equity	1,085	1,115	1,195	1,245	1,329	1,087
Total Debt	411.11	398.64	420.61	384.82	385.54	369.69
Net Cash (Debt)	-337.06	-336.22	-330.39	-317.08	-305.07	-303.67
Net Cash Per Share	-4.79	-4.78	-4.70	-4.51	-4.34	-4.32
Filing Date Shares Outstanding	70.32	70.32	70.32	70.32	70.32	70.32
Total Common Shares Outstanding	70.32	70.32	70.32	70.32	70.32	70.32
Working Capital	85.06	67.17	75.73	21.53	71.88	176.15
Book Value Per Share	6.85	7.17	7.44	7.63	8.15	7.97
Tangible Book Value	446.7	469.02	486.67	498.97	534.77	520.86
Tangible Book Value Per Share	6.35	6.67	6.92	7.10	7.60	7.41
Buildings	-	311.28	311.23	309.76	300.8	303.67
Machinery	-	852.47	852.25	832.79	801.88	787.58
Construction In Progress	-	3.13	8.21	19.52	5.9	1.89
Leasehold Improvements	-	0.38	0.37	0.36	0.33	0.35

Source: S&P Global Market Intelligence. Standard template. Financial Sources.