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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	184.48	239.08	495.3	426.87	230.52	868.19
Short-Term Investments	-	10.84	85	137	40	-
Trading Asset Securities	175.84	210.8	-	-	351.12	-
Cash & Short-Term Investments	360.32	460.73	580.3	563.87	621.64	868.19
Cash Growth	-22.35%	-20.61%	2.91%	-9.29%	-28.40%	2212.74%
Accounts Receivable	565.12	565.78	520.38	450.58	466.97	376.91
Other Receivables	1.68	3.04	3.29	3.19	1.2	1
Receivables	566.8	568.81	523.67	453.76	468.17	378.36
Inventory	331.28	216.27	194.62	251.62	306.71	169.22
Prepaid Expenses	-	0.38	0.2	0.94	13.37	-
Other Current Assets	203.93	135.69	75.1	30.74	39.94	33.43
Total Current Assets	1,462	1,382	1,374	1,301	1,450	1,449
Property, Plant & Equipment	2,260	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	276.49	278.21	284.18	283.83	201.79	159.24
Long-Term Deferred Tax Assets	18.82	20.5	19.59	18	22.09	15.82
Long-Term Deferred Charges	15.48	15.87	1.24	1.88	0.06	0.83
Other Long-Term Assets	134.55	163.78	201.63	126.42	103.81	60.88
Total Assets	4,169	4,009	3,238	2,753	2,713	2,479
Accounts Payable	308.1	96.4	176.38	66.49	178.9	149.25
Accrued Expenses	31.05	69.25	67.47	62.72	90.06	61.74
Short-Term Debt	52.03	-	-	-	-	107.15
Current Portion of Leases	1.05	1.45	1.21	-	-	-
Current Income Taxes Payable	21.35	0.9	1.26	0.27	0.4	13.76
Current Unearned Revenue	24.61	28.05	24.82	21.3	28.62	24.97
Other Current Liabilities	84.08	325.84	123.84	50.6	8.75	7.57
Total Current Liabilities	522.26	521.88	394.98	201.38	306.73	364.45
Long-Term Debt	775.9	645.86	124.41	-	-	-
Long-Term Leases	-	-	0.87	-	-	-
Long-Term Unearned Revenue	19.71	20.64	23.61	27.1	12.13	13.77
Long-Term Deferred Tax Liabilities	17.02	18.1	23.25	26.38	28.57	25.16
Total Liabilities	1,335	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	879.82	879.82	879.82	998.9	1,095	1,095
Retained Earnings	1,325	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	2,621	2,587	2,455	2,342	2,288	2,076
Minority Interest	213.65	215.8	216.31	155.87	77.83	-
Shareholders' Equity	2,834	2,803	2,671	2,498	2,366	2,076
Total Liabilities & Equity	4,169	4,009	3,238	2,753	2,713	2,479
Total Debt	828.98	647.31	126.5	-	-	107.15
Net Cash (Debt)	-468.66	-186.58	453.8	563.87	621.64	761.05
Net Cash Growth	-	-	-19.52%	-9.29%	-18.32%	-
Net Cash Per Share	-1.12	-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	940.08	860	978.9	1,100	1,143	1,085
Book Value Per Share	6.32	6.24	5.92	5.65	5.52	5.01
Tangible Book Value	2,344	2,309	2,170	2,058	2,086	1,917
Tangible Book Value Per Share	5.66	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.