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

Forest Packaging Group Balance Sheet

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
Cash & Equivalents	141.39	239.08	495.3	426.87	230.52	868.19
Short-Term Investments	-	10.84	85	137	40	-
Trading Asset Securities	90.09	210.8	-	-	351.12	-
Cash & Short-Term Investments	231.49	460.73	580.3	563.87	621.64	868.19
Cash Growth	-43.22%	-20.61%	2.91%	-9.29%	-28.40%	2212.74%
Accounts Receivable	600.23	565.78	520.38	450.58	466.97	376.91
Other Receivables	2.68	3.04	3.29	3.19	1.2	1
Receivables	602.91	568.81	523.67	453.76	468.17	378.36
Inventory	318.34	216.27	194.62	251.62	306.71	169.22
Prepaid Expenses	-	0.38	0.2	0.94	13.37	-
Other Current Assets	175.89	135.69	75.1	30.74	39.94	33.43
Total Current Assets	1,329	1,382	1,374	1,301	1,450	1,449
Property, Plant & Equipment	2,475	2,147	1,355	1,020	933.83	791.44
Long-Term Investments	2.04	2.04	2.04	2.04	2.04	2.04
Other Intangible Assets	296.59	278.21	284.18	283.83	201.79	159.24
Long-Term Deferred Tax Assets	55.45	20.5	19.59	18	22.09	15.82
Long-Term Deferred Charges	15.73	15.87	1.24	1.88	0.06	0.83
Other Long-Term Assets	167.08	163.78	201.63	126.42	103.81	60.88
Total Assets	4,341	4,009	3,238	2,753	2,713	2,479
Accounts Payable	344.26	96.4	176.38	66.49	178.9	149.25
Accrued Expenses	41.81	69.25	67.47	62.72	90.06	61.74
Short-Term Debt	66.05	-	-	-	-	107.15
Current Portion of Leases	5.1	1.45	1.21	-	-	-
Current Income Taxes Payable	28.06	0.9	1.26	0.27	0.4	13.76
Current Unearned Revenue	46.2	28.05	24.82	21.3	28.62	24.97
Other Current Liabilities	81.32	325.84	123.84	50.6	8.75	7.57
Total Current Liabilities	612.8	521.88	394.98	201.38	306.73	364.45
Long-Term Debt	968.89	645.86	124.41	-	-	-
Long-Term Leases	1.96	-	0.87	-	-	-
Long-Term Unearned Revenue	20.67	20.64	23.61	27.1	12.13	13.77
Long-Term Deferred Tax Liabilities	14.79	18.1	23.25	26.38	28.57	25.16
Total Liabilities	1,619	1,206	567.13	254.86	347.43	403.38
Common Stock	414.4	414.4	414.4	296	200	200
Additional Paid-In Capital	879.15	879.82	879.82	998.9	1,095	1,095
Retained Earnings	1,259	1,291	1,160	1,047	992.22	779.94
Comprehensive Income & Other	1.52	1.52	0.58	0.33	1.05	1.52
Total Common Equity	2,554	2,587	2,455	2,342	2,288	2,076
Minority Interest	167.29	215.8	216.31	155.87	77.83	-
Shareholders' Equity	2,721	2,803	2,671	2,498	2,366	2,076
Total Liabilities & Equity	4,341	4,009	3,238	2,753	2,713	2,479
Total Debt	1,042	647.31	126.5	-	-	107.15
Net Cash (Debt)	-810.51	-186.58	453.8	563.87	621.64	761.05
Net Cash Growth	-	-	-19.52%	-9.29%	-18.32%	-
Net Cash Per Share	-1.90	-0.45	1.10	1.36	1.49	2.45
Filing Date Shares Outstanding	414.4	414.4	414.4	414.4	414.4	414.4
Total Common Shares Outstanding	414.4	414.4	414.4	414.4	414.4	414.4
Working Capital	715.82	860	978.9	1,100	1,143	1,085
Book Value Per Share	6.16	6.24	5.92	5.65	5.52	5.01
Tangible Book Value	2,258	2,309	2,170	2,058	2,086	1,917
Tangible Book Value Per Share	5.45	5.57	5.24	4.97	5.03	4.63
Buildings	-	697.64	594.93	590.52	561.89	446.28
Machinery	-	1,029	1,017	1,007	944.77	839.43
Construction In Progress	-	1,365	598.84	193.83	108.43	94.46

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