Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.47 in FY 2024) Full year 2025 results: EPS: CN¥0.15 (down from CN¥0.47 in FY 2024). Revenue: CN¥2.79b (up 18% from FY 2024). Net income: CN¥61.2m (down 68% from FY 2024). Profit margin: 2.2% (down from 8.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 28
Forest Packaging Group Co.,Ltd., Annual General Meeting, May 18, 2026 Forest Packaging Group Co.,Ltd., Annual General Meeting, May 18, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Wenling, Zhejiang China Announcement • Mar 30
Forest Packaging Group Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Forest Packaging Group Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Forest Packaging Group Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Forest Packaging Group Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.002 loss per share (vs CN¥0.14 profit in 3Q 2024) Third quarter 2025 results: CN¥0.002 loss per share (down from CN¥0.14 profit in 3Q 2024). Revenue: CN¥820.8m (up 43% from 3Q 2024). Net loss: CN¥915.7k (down 102% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Forest Packaging Group Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Forest Packaging Group Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 27
Second quarter 2025 earnings released: CN¥0.008 loss per share (vs CN¥0.10 profit in 2Q 2024) Second quarter 2025 results: CN¥0.008 loss per share (down from CN¥0.10 profit in 2Q 2024). Revenue: CN¥709.7m (up 13% from 2Q 2024). Net loss: CN¥2.75m (down 106% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.15, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 37x in the Packaging industry in China. Total returns to shareholders of 57% over the past three years. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.3% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥9.06, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 35x in the Packaging industry in China. Total returns to shareholders of 29% over the past three years. Announcement • Jun 30
Forest Packaging Group Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Forest Packaging Group Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 29
Forest Packaging Group Co.,Ltd., Annual General Meeting, May 19, 2025 Forest Packaging Group Co.,Ltd., Annual General Meeting, May 19, 2025, at 13:00 China Standard Time. Announcement • Mar 28
Forest Packaging Group Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Forest Packaging Group Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Forest Packaging Group Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Forest Packaging Group Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥576.2m (down 5.9% from 3Q 2023). Net income: CN¥55.6m (up 14% from 3Q 2023). Profit margin: 9.7% (up from 8.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Forest Packaging Group Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Forest Packaging Group Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.13, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 27x in the Packaging industry in China. Total loss to shareholders of 8.7% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.077 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.077 in 2Q 2023). Revenue: CN¥629.3m (up 2.1% from 2Q 2023). Net income: CN¥43.8m (up 47% from 2Q 2023). Profit margin: 7.0% (up from 4.8% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Forest Packaging Group Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Forest Packaging Group Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • May 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.1% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.036 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.09 (up from CN¥0.036 in 1Q 2023). Revenue: CN¥487.3m (up 7.8% from 1Q 2023). Net income: CN¥36.0m (up 131% from 1Q 2023). Profit margin: 7.4% (up from 3.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Forest Packaging Group Co.,Ltd., Annual General Meeting, May 14, 2024 Forest Packaging Group Co.,Ltd., Annual General Meeting, May 14, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Wenling, Zhejiang China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥6.09, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 30x in the Packaging industry in China. Total loss to shareholders of 29% over the past three years. Announcement • Mar 29
Forest Packaging Group Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Forest Packaging Group Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥6.11, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 31x in the Packaging industry in China. Total loss to shareholders of 26% over the past three years. Announcement • Dec 29
Forest Packaging Group Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Forest Packaging Group Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.093 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.093 in 3Q 2022). Revenue: CN¥612.5m (down 6.2% from 3Q 2022). Net income: CN¥48.8m (up 24% from 3Q 2022). Profit margin: 8.0% (up from 6.0% in 3Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.077 (vs CN¥0.097 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.077 (down from CN¥0.097 in 2Q 2022). Revenue: CN¥616.5m (down 19% from 2Q 2022). Net income: CN¥29.8m (down 23% from 2Q 2022). Profit margin: 4.8% (down from 5.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Announcement • Jun 28
Forest Packaging Group Co.,Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Forest Packaging Group Co.,Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.18 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.18 in 3Q 2021). Revenue: CN¥653.0m (down 15% from 3Q 2021). Net income: CN¥39.4m (down 28% from 3Q 2021). Profit margin: 6.0% (down from 7.1% in 3Q 2021). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.42 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.42. Revenue: CN¥762.0m (down 3.2% from 2Q 2021). Net income: CN¥38.4m (down 53% from 2Q 2021). Profit margin: 5.0% (down from 10% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 31% share price decline to CN¥11.16, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 28x in the Packaging industry in China. Total loss to shareholders of 37% over the past year. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.28 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.28 in 1Q 2021). Revenue: CN¥618.6m (up 12% from 1Q 2021). Net income: CN¥35.0m (down 37% from 1Q 2021). Profit margin: 5.7% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.41 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥770.0m (up 20% from 3Q 2020). Net income: CN¥54.3m (down 12% from 3Q 2020). Profit margin: 7.1% (down from 9.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.27 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥787.4m (up 39% from 2Q 2020). Net income: CN¥81.0m (up 99% from 2Q 2020). Profit margin: 10% (up from 7.2% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.19 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥553.6m (up 31% from 1Q 2020). Net income: CN¥55.7m (up 97% from 1Q 2020). Profit margin: 10% (up from 6.7% in 1Q 2020). The increase in margin was driven by higher revenue. Announcement • Jan 19
Forest Packaging Group Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 26, 2021 Forest Packaging Group Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 26, 2021