Forest Packaging Group Co.,Ltd. (SHA:605500)

Forest Packaging Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,626	2,338	2,310	2,676	2,936	2,169
Other Revenue	25.12	25.12	19.27	25.39	21.51	19.18
Revenue	2,651	2,363	2,329	2,701	2,958	2,189
Revenue Growth (YoY)	13.26%	1.45%	-13.79%	-8.67%	35.14%	6.98%
Cost of Revenue	2,457	2,036	2,049	2,456	2,538	1,823
Gross Profit	194.13	326.5	279.75	245.2	419.26	365.29
Selling, General & Admin	110.92	100.01	93.54	96.58	94.15	74.5
Research & Development	83.18	82.11	82.71	99.44	103.11	77.13
Other Operating Expenses	-37.62	-36.76	-45.74	-70.94	-63.22	-58.04
Operating Expenses	159.06	147.16	131.53	120.96	137.38	100.28
Operating Income	35.08	179.33	148.22	124.24	281.88	265.01
Interest Expense	-12.72	-0.11	-0.02	-4.94	-5.62	-12.33
Interest & Investment Income	2.29	6.12	14.34	14.87	10.59	0.85
Currency Exchange Gain (Loss)	-4.1	-4.1	-2.17	0.28	-2.09	0.13
Other Non Operating Income (Expenses)	-8.38	-0.75	-0.43	-0.32	-1.29	-1.74
EBT Excluding Unusual Items	12.16	180.5	159.93	134.13	283.47	251.92
Gain (Loss) on Sale of Investments	0.07	0.8	-	-	8.12	-
Gain (Loss) on Sale of Assets	0.64	-4.75	-1.55	6.25	-0.39	-0.35
Asset Writedown	-21.32	-	-	-	-9.76	-0.06
Other Unusual Items	14.43	14.43	6.58	6.28	1.35	-
Pretax Income	5.99	190.98	164.96	146.67	282.79	251.51
Income Tax Expense	-43.93	-1.91	7.14	6	0.38	31.17
Earnings From Continuing Operations	49.91	192.89	157.82	140.67	282.41	220.35
Minority Interest in Earnings	38.29	0.51	-0.46	-0.04	-0.13	-
Net Income	88.2	193.4	157.36	140.64	282.28	220.35
Net Income to Common	88.2	193.4	157.36	140.64	282.28	220.35
Net Income Growth	-55.59%	22.90%	11.89%	-50.18%	28.11%	29.70%
Shares Outstanding (Basic)	427	411	414	414	416	311
Shares Outstanding (Diluted)	427	411	414	414	416	311
Shares Change (YoY)	3.07%	-0.63%	0.11%	-0.56%	33.94%	-0.30%
EPS (Basic)	0.21	0.47	0.38	0.34	0.68	0.71
EPS (Diluted)	0.21	0.47	0.38	0.34	0.68	0.71
EPS Growth	-56.91%	23.68%	11.77%	-49.90%	-4.35%	30.09%
Free Cash Flow	-710.72	-582.2	-118.44	-70.79	-152.74	138.92
Free Cash Flow Per Share	-1.66	-1.42	-0.29	-0.17	-0.37	0.45
Dividend Per Share	0.150	0.150	0.150	0.107	0.207	0.169
Dividend Growth	-	-	40.06%	-48.39%	22.85%	-
Gross Margin	7.32%	13.82%	12.01%	9.08%	14.17%	16.69%
Operating Margin	1.32%	7.59%	6.36%	4.60%	9.53%	12.11%
Profit Margin	3.33%	8.19%	6.76%	5.21%	9.54%	10.07%
Free Cash Flow Margin	-26.81%	-24.64%	-5.09%	-2.62%	-5.16%	6.35%
EBITDA	132.52	278.27	249.14	231.17	387.79	365.59
EBITDA Margin	5.00%	11.78%	10.70%	8.56%	13.11%	16.71%
D&A For EBITDA	97.44	98.93	100.93	106.93	105.91	100.58
EBIT	35.08	179.33	148.22	124.24	281.88	265.01
EBIT Margin	1.32%	7.59%	6.36%	4.60%	9.53%	12.11%
Effective Tax Rate	-	-	4.33%	4.09%	0.14%	12.39%
Revenue as Reported	2,651	2,363	2,329	2,701	2,958	2,189
Advertising Expenses	-	0.21	0.17	0.38	0.57	0.42

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