Southern Packaging Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	59.38	62.42	90.22	67.24	80.46
Short-Term Investments	-	-	-	0.49	-
Cash & Short-Term Investments	59.38	62.42	90.22	67.73	80.46
Cash Growth	-4.87%	-30.81%	33.20%	-15.82%	21.88%
Accounts Receivable	161.16	152.85	152.9	142.74	222.61
Other Receivables	8.86	13.02	15.68	25.92	16.77
Receivables	170.01	165.87	168.59	168.65	239.39
Inventory	354.32	355.49	362.83	397.88	398.56
Prepaid Expenses	-	0.74	0.39	2.37	0.49
Other Current Assets	35.55	38.41	28.22	19.55	31.69
Total Current Assets	619.26	622.93	650.25	656.18	750.59
Property, Plant & Equipment	352.65	356.73	398.71	440.98	437.07
Other Intangible Assets	34.32	35.4	36.48	37.56	38.63
Long-Term Deferred Tax Assets	9.84	10.92	18.43	16.21	6.28
Other Long-Term Assets	87.18	89.35	91.52	94.02	96.3
Total Assets	1,103	1,115	1,195	1,245	1,329
Accounts Payable	145.11	166.17	201.68	273.14	306.81
Accrued Expenses	19	19.38	22.61	21.51	20.87
Current Portion of Long-Term Debt	325	349.27	329.84	318.86	317.62
Current Portion of Leases	3.47	2.37	2.35	2.62	2.75
Current Income Taxes Payable	3.05	4.24	4.98	4.5	5.16
Current Unearned Revenue	5.33	7.37	6.75	5.48	10.35
Other Current Liabilities	8.19	6.94	6.3	8.54	15.15
Total Current Liabilities	509.15	555.75	574.52	634.65	678.71
Long-Term Debt	88.53	47	87.61	63.33	65.17
Long-Term Leases	-	-	0.81	-	-
Long-Term Unearned Revenue	6.02	7.16	8.3	9.43	10.57
Long-Term Deferred Tax Liabilities	1	1	1	1	1
Total Liabilities	604.7	610.91	672.24	708.42	755.46
Common Stock	230.59	230.59	230.59	230.59	230.59
Retained Earnings	256.38	262.03	280.93	294.44	332.26
Comprehensive Income & Other	11.58	11.79	11.63	11.49	10.56
Shareholders' Equity	498.56	504.42	523.15	536.52	573.41
Total Liabilities & Equity	1,103	1,115	1,195	1,245	1,329
Total Debt	417	398.64	420.61	384.82	385.54
Net Cash (Debt)	-357.62	-336.22	-330.39	-317.08	-305.07
Net Cash Per Share	-5.09	-4.78	-4.70	-4.51	-4.34
Filing Date Shares Outstanding	70.32	70.32	70.32	70.32	70.32
Total Common Shares Outstanding	70.32	70.32	70.32	70.32	70.32
Working Capital	110.11	67.17	75.73	21.53	71.88
Book Value Per Share	7.09	7.17	7.44	7.63	8.15
Tangible Book Value	464.24	469.02	486.67	498.97	534.77
Tangible Book Value Per Share	6.60	6.67	6.92	7.10	7.60
Buildings	-	311.28	311.23	309.76	300.8
Machinery	-	852.47	852.25	832.79	801.88
Construction In Progress	-	3.13	8.21	19.52	5.9
Leasehold Improvements	-	0.38	0.37	0.36	0.33

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