Shengda Packaging boosts subsidiary guarantees, forecasts 2026 transactions

Zhejiang Great Shengda Packaging Co. has approved an estimated 44 million yuan in routine connected transactions for 2026, including purchases from Great Shengda Group and its subsidiaries, as well as sales to Zhejiang Shengda Xiangwei Chemical and Shandong Xinsheng Pigment Chemical. This represents an increase from the previously estimated 45 million yuan for 2025, with actual transactions reaching 30.67 million yuan as of November 30, 2025. The company emphasized that these transactions are essential for normal operations and adhere to fair market principles.

Additionally, the board approved an increase in the guaranteed amount for its subsidiary, Hangzhou Shengming Paper Co., by 75 million yuan, raising the total estimated guarantee for 2025 to 305 million yuan. This reflects the company's commitment to supporting subsidiary growth and optimizing financing costs. The total external guarantees, including the latest increase, amount to 241.39 million yuan, representing 7.41% of the company's latest audited net assets.

In a separate development, the company's board has extended the final acceptance date for two photovoltaic production line equipment contracts with a downstream client from December 2025 to June 2027. This adjustment, made through mutual agreement, maintains the original contract terms and total value of €11.57 million, citing capacity adjustments in the photovoltaic industry. The company is actively progressing with equipment procurement and assembly.