| Source: Research and Markets
The report covers various aspects including introduction and genesis to corrugated box market in China, China corrugated box market size by revenue, China corrugated box market segmentation by type of box (single walled, double walled and triple walled), by end user (FMCG, Beauty and Personal, Electronics & Appliances and Others), by Type (Color and non colored) and by type of players (Organized and Unorganized). The report also covers Value Chain Analysis, investment model to set up a corrugated box plant in China, Government regulations, buying decision parameters from end user point of view, Snapshot on China Kraft paper market, Export and Import trade scenario, along with analyst recommendation and macroeconomic variables. Market Overview
China corrugated box industry is an inevitable part of manufacturing sectors which rely heavily on corrugated packaging for finished goods transportation and handling. China corrugated box industry grew at a single digit CAGR during the period 2012-2017. Factors such as increasing demand from fresh food and beverages, home & personal care goods, electronic goods industries, logistics application, increasing consumer awareness towards sustainable packaging and growth of the e-commerce industry have propelled the growth of the China corrugated boxes market. Market Segmentation
By Wall Type/Box
In 2017, Double Walled type of box has dominated the China corrugated box market with a majority share in terms of sales volume in 2017. Double Walled type of box has dominated the market as these boxes are now manufactured through fully automatic machines which increases the strength of the box and is used in place of Triple Walled and other type of boxes. Single Walled, Triple Walled and other boxes have contributed remaining share in the market. By End User
In 2017, Electronics and Consumer Appliances have dominated the demand for China Corrugated box market. Electronics and Consumer Appliances contributed more than half of the share to the total sale of corrugated box market in terms of sales volume in 2017. Food and Beverage sector contributed second highest contribution to the total sale of corrugated box in terms of sales volume during 2017. Beauty and Personal Care contributed third highest share to the total sale of corrugated box in China in 2017. By Non-Colored/Colored Box
In 2017, Colored box has contributed highest share in terms of sales volume in 2017. Non-colored boxes have second highest sales contribution in terms of sales volume during 2017. By Organized and Unorganized Players
In 2017, unorganized players have dominated the market with a highest share in terms of sales volume while organized players contributed the remaining share in terms of production volume. This is owing to the fact that the corrugated box industry in China is highly fragmented with a lot of players with low production capacity, outdated technology and limited expertise. There are very few large enterprises which provide total comprehensive solution. Competitive Landscape
The market for corrugated boxes in China is highly fragmented with the largest player having an insignificant share in the market. Xiamen Hexing Packaging & Printing Co., Ltd., Shengda Paper Packaging Co., and MYS Group are the leading companies in the China Corrugated Box market. Apart from manufacturing corrugated box, these companies also produce their own corrugated paper medium and corrugated paper boards. Shanghai Xingtonglian,Henan Gorgeous Paper Packaging, Wuhan Yudu Paper Packaging and Scihuan Kangli are some other leading corrugated box manufacturing companies in China. Future Analysis and Projections
China corrugated industry is expected to increase at a single digit CAGR between the period 2018 and 2022 in terms of revenue due to the elevating demand from the end user segment in order to store and to transport their end products. Increasing the demand of safe and cushioned packaging of the product will augment the growth of China Corrugated box market. The market will undergo considerable change from its current fragmented state to a more consolidated one driven by increasing demand from the market regarding better quality corrugated box and support services. Demand for retail corrugated packaging has also been projected to increase due to growing number of supermarkets in the country. Key Topics Covered:
Approach- Market Sizing
4. Value Chain in China Corrugated Box Market
5. China Corrugated Box Market Size By Sales Revenue, 2012-2017
6. China Corrugated Box Market Segmentation
6.1. By End Users (Electronics & Appliances, Cosmetics (Beauty and Personal Care), Food and Beverage And Others), 2012-2017
6.2. By Wall Type/Type of Box (Single Wall, Double Wall, Triple Wall), 2017
6.3. By Non-Colored and Colored Box, 2017
6.4. By Organized and Unorganized Manufacturers, 2017
6.5. By Provinces and Cities, 2015
7. Trends And Developments In China Corrugated Box Industry
Adopting Evolving Technologies
Growing Demand of Efficient Corrugators
8. Export Trade Scenario of China corrugated Box Market
9. Import Trade Scenario of China Corrugated Box Market
10. Porter Five Forces Analysis
11. Snapshot On China Corrugated Paper Market
12. Buying Decision Parameters From End User Point
13. Snapshot on E-Commerce End User For Corrugated Box Industry
14. Government Regulations and Standards in China Corrugated Box Market
15. Competitive Landscape of Major Players in China Corrugated Box Market
15.1. Competition Scenario
Market Share Analysis of Overall China Corrugated Box Market, 2016
Region-Wise Market Share Analysis of China Corrugated Box Market, 2016
16. Company Profiles for Major Players in China Corrugated Box Market
16.1. Xiamen Hexing
16.3. Shanghai Xintonglian Packaging Co. Ltd.
16.4. Shengda Paper Packaging Group Co. Ltd.
16.5. Shanghai Forest Packaging Company Limited
16.6. XinXiang Chenglin Paper Packaging Company Limited
16.7. OCT (Asia) Holding Limited
16.8. Henan Gorgeous Paper Packaging Company Limited
16.9. Zhejiang Wuyi Zhangshi Packaging Industry Company Limited
16.10. Shanghai Yongsheng Packaging Company Limited
16.11. WuhanYadu Packaging and Printing Group Company Limited
16.12. Sichuan Kangli Packaging Company Limited
17. China Corrugated Market Future Outlook And Projections, 2018-2022
China Corrugated Box Industry Future Outlook and Projection by End Users, 2022
China Corrugated Box Industry Future Outlook and Projection by Wall Type/Type of Box, 2018-2022
China Corrugated Box Industry Future Projection By Type Box (Colored & Non-Colored), 2019-2023
18. Analyst Recommendations
19.1. Electronics and Consumer Appliances Industry, 2012-2022
19.2. Packaged Food Industry, 2012-2022
19.3. Beauty and Personal Care Products Industry, 2012-2022
Companies Mentioned

China Corrugated Box Market Outlook Report 2018-2022 Featuring Bingxin, MYS, Pacific Millennium, Rengo, Shanying, Shengda, Xiamen Hexing & Yeun Foong Yu

China Shengda Packaging Group Goes Private as a Result of a Short-form Merger by a Consortium of its Existing Shareholders
2015-09-16 04:59
HANGZHOU, China, September 16, 2015 /PRNewswire/ -- China Shengda Packaging Group Inc. (NASDAQ: CPGI) ("Shengda" or the "Company"), a leading Chinese paper packaging company, today announced that on September 15, 2015 it was informed by Mr. Nengbin Fang, its Chairman, Mr. Wuxiao Fang, Ms. Congyi Fang, its director, Mr. Yueming Qi, Mr. Baishun Shen, Mr. Guofang Wang, Mr. Zumao Shi, Ms. Lanfang Zhang, Bigtree Capital Limited, Mr. Zhanggen Xu, Mr. Jinfa Ye, Mr. Huohong Wang, Mr. Daliang Teng, its Chief Executive Officer, Ms. Haihua Yu, Envision Capital Partners, L.P., CSV China Opportunities Fund, L.P., Ray Shi China Small Mid Cap Select Fund, LB Holdings II, LLC and Newberg Road Partners, L.P., representing certain other shareholders (collectively, the "Contributing Stockholders") that, pursuant to a contribution and subscription agreement, dated as of May 21, 2015, by and among the Contributing Stockholders, Yida International Holdings Limited, a British Virgin Islands company ("Parent"), Yida International Acquisition Limited, a newly formed Nevada company and wholly owned subsidiary of Parent ("Merger Sub"), and Eastlake Capital Limited, a British Virgin Islands company wholly-owned by Mr. Nengbin Fang, (i) the Contributing Stockholders contributed all of their shares of common stock of Shengda, par value $0.001 per share (the "Shares") to Parent, which represent approximately 90.8% of the total issued and outstanding shares of Shengda, and (ii) Parent contributed the Shares to Merger Sub. As a result of these transactions, Merger Sub acquired approximately 90.8% of the total issued and outstanding shares of common stock of Shengda. On September 15, 2015, Shengda and Merger Sub filed the Articles of Merger with Shengda and Merger Sub (the "Merger") became effective on September 15, 2015. As a result of the Merger, Shengda became a wholly owned subsidiary of Parent. The Company also announced today that at its request, on September 15, 2015, the NASDAQ Stock Market LLC filed a delisting application on Form 25 with the Securities and Exchange Commission (the "SEC") to delist and deregister the Company's common stock. Shengda expects to file a Form 15 with the SEC to terminate its reporting obligations as a public company under the U.S. securities laws on or about September 25, 2015. The Company's obligations to file with the SEC certain reports and forms, including Form 10-K, Form 10-Q and Form 8-K, will be suspended immediately as of the filing date of the Form 15. Existing stockholders of the Company's common stock will be notified by mail of the cancellation of their shares and their right to receive $7.25 in cash per share upon the submission of their stock certificates in accordance with proper procedures. About Shengda
Shengda is a leading paper packaging company in China. It is principally engaged in design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugating medium paper and corrugated paperboards, which are used for the production of flexo-printed and color-printed cartons. The Company provides paper packaging solutions to a wide variety of industries, including food, beverage, cigarette, household appliance, consumer electronics, pharmaceuticals, chemicals, machinery and other consumer and industrial sectors in China. Safe Harbor Statements
This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to expand to new markets, the ability to grow business through vertical integration and geographical expansion, the ability to access capital for expansion and continued investment in R&D, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, current or future volatility in the credit market and future market conditions, changes in relationships with customers, changes in profit margins of principal product and other factors discussed from time to time in the Company's filings with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Company Contact:
China Shengda Packaging Group Inc.
Cindy Hu, Board Secretary

China Shengda Packaging Group Goes Private as a Result of a Short-form Merger by a Consortium of its Existing Shareholders

China Shengda Packaging Group Goes Private as a Result of a Short-form... -- HANGZHOU, China, Sept. 15, 2015 /PRNewswire/ --
China Shengda Packaging Group Goes Private as a Result of a Short-form Merger by a Consortium of its Existing Shareholders
HANGZHOU, China, Sept. 15, 2015 /PRNewswire/ -- China Shengda Packaging Group Inc. (NASDAQ: CPGI ) ("Shengda" or the "Company"), a leading Chinese paper packaging company, today announced that on September 15, 2015 it was informed by Mr. Nengbin Fang, its Chairman, Mr. Wuxiao Fang, Ms. Congyi Fang, its director, Mr. Yueming Qi, Mr. Baishun Shen, Mr. Guofang Wang, Mr. Zumao Shi, Ms. Lanfang Zhang, Bigtree Capital Limited, Mr. Zhanggen Xu, Mr. Jinfa Ye, Mr. Huohong Wang, Mr. Daliang Teng, its Chief Executive Officer, Ms. Haihua Yu, Envision Capital Partners, L.P., CSV China Opportunities Fund, L.P., Ray Shi China Small Mid Cap Select Fund, LB Holdings II, LLC and Newberg Road Partners, L.P., representing certain other shareholders (collectively, the "Contributing Stockholders") that, pursuant to a contribution and subscription agreement, dated as of May 21, 2015, by and among the Contributing Stockholders, Yida International Holdings Limited, a British Virgin Islands company ("Parent"), Yida International Acquisition Limited, a newly formed Nevada company and wholly owned subsidiary of Parent ("Merger Sub"), and Eastlake Capital Limited, a British Virgin Islands company wholly-owned by Mr. Nengbin Fang, (i) the Contributing Stockholders contributed all of their shares of common stock of Shengda, par value $0.001 per share (the "Shares") to Parent, which represent approximately 90.8% of the total issued and outstanding shares of Shengda, and (ii) Parent contributed the Shares to Merger Sub. As a result of these transactions, Merger Sub acquired approximately 90.8% of the total issued and outstanding shares of common stock of Shengda. On September 15, 2015, Shengda and Merger Sub filed the Articles of Merger with Shengda and Merger Sub (the "Merger") became effective on September 15, 2015. As a result of the Merger, Shengda became a wholly owned subsidiary of Parent. The Company also announced today that at its request, on September 15, 2015, the NASDAQ Stock Market LLC filed a delisting application on Form 25 with the Securities and Exchange Commission (the "SEC") to delist and deregister the Company's common stock. Shengda expects to file a Form 15 with the SEC to terminate its reporting obligations as a public company under the U.S. securities laws on or about September 25, 2015. The Company's obligations to file with the SEC certain reports and forms, including Form 10-K, Form 10-Q and Form 8-K, will be suspended immediately as of the filing date of the Form 15. Existing stockholders of the Company's common stock will be notified by mail of the cancellation of their shares and their right to receive $7.25 in cash per share upon the submission of their stock certificates in accordance with proper procedures. About Shengda
Shengda is a leading paper packaging company in China. It is principally engaged in design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugating medium paper and corrugated paperboards, which are used for the production of flexo-printed and color-printed cartons. The Company provides paper packaging solutions to a wide variety of industries, including food, beverage, cigarette, household appliance, consumer electronics, pharmaceuticals, chemicals, machinery and other consumer and industrial sectors in China. Safe Harbor Statements
This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to expand to new markets, the ability to grow business through vertical integration and geographical expansion, the ability to access capital for expansion and continued investment in R&D, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, current or future volatility in the credit market and future market conditions, changes in relationships with customers, changes in profit margins of principal product and other factors discussed from time to time in the Company's filings with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Company Contact:
China Shengda Packaging Group Inc.
Cindy Hu, Board Secretary

China Shengda Packaging Group Inc. Reports Second Quarter 2015 Financial Results
2015-08-15 04:05
HANGZHOU, China, August 15, 2015 /PRNewswire-FirstCall/ -- China Shengda Packaging Group Inc. (NASDAQ: CPGI) ("Shengda" or the "Company"), a leading Chinese paper packaging company, today reported its financial results for the second quarter ended June 30, 2015. Second Quarter 2015 Financial Highlights:
Overall revenues increased by $2.5 million, or 6.6%, to $39.7 million for the second quarter of 2015 from $37.2 million for the same period of last year. The increase in revenues was mainly driven by increase in sales volumes and partially offset by decrease in average selling prices for both paper cartons and corrugating medium paper. Average selling price for flexo paper cartons was particularly weak during the second quarter of 2015. Gross profit decreased by $1.2 million, or 17.9%, to $5.3 million for the second quarter of 2015 from $6.5 million for the same period of last year. Gross margin decreased by 4 points to 13.4% for the second quarter of 2015 from 17.4% for the same period of last year. Operating loss was $0.05 million for the second quarter of 2015, compared to net income of $1.7 million for the same period of last year. Net income attributable to the Company's stockholders decreased by $1.0 million, or 88.3%, to approximately $0.1 million for the second quarter of 2015 from $1.1 million for the same period of last year. Basic and diluted earnings per share were $0.02 for the second quarter of 2015, compared to $0.14 for the same period of last year. Three Months Ended June 30, 2015 Results
Sales Analysis (Millions)
Revenues- Corrugating Medium Paper (millions)
$13.3
Revenues- Inter-segment Transactions Elimination (millions)
($3.4)
Color Cartons (% of total revenues)
22.8%
Flexo Cartons (% of total revenues)
52.2%
Paper Cartons Sales Volume (M sq meters)
95.4
Corrugating Medium Paper Sales Volume ('000 tons)
37.8
Color Cartons (avg price per sq meter)
$0.39
Flexo Cartons (avg price per sq meter)
$0.29
Corrugating Medium Paper (avg price per ton)
$352
Net Income Attributable to Stockholders
$0.1
7.8
7.8
Total revenues for the second quarter of 2015 increased by $2.5 million, or 6.6%, to $39.7 million from $37.2 million for the same period of last year, primarily driven by increases in sales volume of both paper cartons and other paper products and corrugating medium paper, partially offset by decreases in average selling prices of flexo cartons and corrugating medium paper. Average selling price of flexo cartons was particularly weak, decreasing from $0.38 per square meter for the second quarter of last year to $0.29 per square meter for the second quarter of 2015. Revenues of paper cartons and other paper products decreased by $0.1 million, or 0.3%, to $29.8 million for the second quarter of 2015 from $29.9 million for the same period of last year. Sales volume of paper cartons increased by 18.1 million square meters, or 23.4%, to 95.4 million square meters for the second quarter of 2015 from 77.3 million square meters for the same period of last year while the average price of paper cartons and other paper products decreased to $0.31 per square meter for the second quarter of 2015 from $0.39 per square meter for the same period of last year. The increase in sale volume of paper cartons and other paper products was mainly contributed by Shengda Zhongtian and Shengda Concept that started their operations in the first quarter of 2015. Color and flexo cartons accounted for 22.8% and 52.2% of total revenues for the second quarter of 2015, compared to 24.3% and 56.0%, respectively, for the same period of last year. Average sales prices per square meter for color and flexo cartons were approximately $0.39 and $0.29, respectively, for the second quarter of 2015, compared to approximately $0.39 and $0.38, respectively, for the same period of last year. Consumer and industrial goods manufacturing sectors remained the Company's principal markets. Major customers remained home appliances & electronics manufacturers, and food, beverage & cigarette manufacturers in the Yangtze River Delta Region, which accounted for 18.1% and 22.3%, respectively, of total revenues for the second quarter of 2015, compared to 21.0% and 19.1%, respectively, for the same period of last year. Revenues of corrugating medium paper increased by $2.6 million, or 23.8%, to $13.3 million for the second quarter of 2015, from $10.7 million for the same period of last year. The increase was mainly resulted from increase in sales volume and partially offset by decrease in average selling price. Sales volume and average selling price of corrugating medium paper were approximately 37.8 thousand tons and $352 per ton, respectively, for the second quarter of 2015, compared to 30.1 thousand tons and $356 per ton, respectively, for the same period of last year. Overall gross profit decreased by $1.2 million, or $ 17.9%, to $5.3 million for the second quarter of 2015 from $6.5 million for the same period of last year, as a result of increased cost of goods sold for both paper cartons and other paper products and corrugating medium paper. Gross profit of paper cartons and other paper products decreased by $0.8 million, or 13.4%, to $5.8 million for the second quarter of 2015 from $6.6 million for the same period of last year. Gross profit of color and flexo cartons were $1.9 million and $3.9 million, respectively, for the second quarter of 2015, compared to $2.1 million and $4.5 million, respectively, for the same period of last year. Gross loss of corrugating medium paper was $0.4 million for the second quarter of 2015, compared to $0.1 million for the same period of last year. Overall gross margin decreased by 4 points to 13.4% for the second quarter of 2015 from 17.4% for the same period of last year. Gross margins for paper cartons and other paper products and corrugating medium paper were 19.3% and negative 3.2%, respectively, for the second quarter of 2015, compared to 22.2% and negative 1.4%, respectively, for the same period of last year. Selling expenses decreased by 0.1 million, or 5.6%, to $1.5 million for the second quarter of 2015, from $1.6 million for the same period of last year. As a percentage of revenues, selling expenses decreased to 3.8% for the second quarter of 2015 from 4.3% for the same period of last year. General and administrative expenses increased by $0.7 million, or 24.3%, to $3.9 million for the second quarter of 2015 from $3.2 million for the same period of last year. This increase was mainly due to the increase in staff costs, which include salary, benefits, social insurance and other relevant staff expenses. As a percentage of revenues, general and administrative expenses increased to 9.9% for the second quarter of 2015 from 8.5% for the same period of last year. As a result of the forgoing, operating loss was $0.05 million for the second quarter of 2015, compared to operating income of $1.7 million for the same period of last year. Operating loss margin was 0.1% for the second quarter of 2015, compared to operating profit margin of 4.6% for the same period of last year. Net income attributable to the Company's common stockholders decreased by approximately $1.0 million, or 88.3%, to $0.1 million for the second quarter of 2015, from $1.1 million for the same period of last year. Basic and diluted earnings per share were $0.02 for the second quarter of 2015, compared to $0.14 for the same period of last year. Six Months Ended June 30, 2015 Results
Sales Analysis (Millions)
Revenues- Inter-segment Transactions Elimination (millions)
$(4.9)
Color Cartons (% of total revenues)
22.5%
Flexo Cartons (% of total revenues)
55.8%
Paper Cartons Sales Volume (M sq meters)
183.1
Corrugating Medium Paper Sales Volume ('000 tons)
62.1
Color Cartons (average price per sq meter)
$0.39
Flexo Cartons (average price per sq meter)
$0.31
Corrugating Medium Paper (average price per ton)
$351
Net Income Attributable to Stockholders
$0.1
7.8
7.8
Total revenues for the six months ended June 30, 2015 increased by $8.1million, or 11.7%, to $77.6 million from $69.5 million for the same period of last year, primarily driven by increases in sales volume of both paper cartons and other paper products and corrugating medium paper, partially offset by decreases in average selling prices of flexo cartons and corrugating medium paper. Revenues of paper cartons and other paper products increased by $4.8 million, or 8.5%, to $60.8 million for the six months ended June 30, 2015 from $56.0 million for the same period of last year. Sales volume of paper cartons and other paper products increased by 37.8 million square meters, or 26.0%, to 183.1 million square meters for the six months ended June 30, 2015 from 145.3 million square meters for the same period of last year while the average price of paper cartons and other paper products decreased to $0.33 per square meter for the six months ended June 30, 2015 from $0.39 per square meter for the same period of last year. The increase in sale volume of paper cartons and other paper products was mainly contributed by Shengda Zhongtian and Shengda Concept that started their operations in the first quarter of 2015. Color and flexo cartons accounted for 22.5% and 55.8% of total revenues for the six months ended June 30, 2015, compared to 24.8% and 55.8%, respectively, for the same period of last year. Average sales prices per square meter for color and flexo cartons were approximately $0.39 and $0.31, respectively, for the six months ended June 30, 2015, compared to approximately $0.39 and $0.38, respectively, for the same period of last year. Consumer and industrial goods manufacturing sectors remained the Company's principal markets. Major customers remained home appliances & electronics manufacturers, and food, beverage & cigarette manufacturers in the Yangtze River Delta Region, which accounted for 18.8% and 22.0%, respectively, of total revenues for the six months ended June 30, 2015, compared to 21.5% and 20.0%, respectively, for the same period of last year. Revenues of corrugating medium paper increased by $1.7 million, or 8.5%, to $21.8 million for the six months ended June 30, 2015, from $20.1 million for the same period of last year. The increase was mainly resulted from increase in the sales volume and partially offset by decrease in average selling prices. Sales volume and average selling price of corrugating medium paper were approximately 62.1 thousand tons and $351 per ton, respectively, for the six months ended June 30, 2015, compared to 55.5 thousand tons and $362 per ton, respectively, for the same period of last year. Overall gross profit decreased by $0.3 million, or $ 2.8%, to $10.3 million for the six months ended June 30, 2015 from $10.6 million for the same period of last year, as a result of increased cost of goods sold for both paper cartons and other paper products and corrugating medium paper. Gross profit of paper cartons and other paper products decreased by $0.5 million, or 4.1%, to $11.6 million for the six months ended June 30, 2015 from $12.1 million for the same period of last year. Gross profit of color and flexo cartons were $3.6 million and $8.0 million, respectively, for the six months ended June 30, 2015, compared to $3.9 million and $8.2 million, respectively, for the same period of last year. Gross loss of corrugating medium paper was $1.2 million for the six months ended June 30, 2015, down from $1.4 million for the same period of last year. Overall gross margin decreased by 2 points to 13.3% for the six months ended June 30, 2015 from 15.3% for the same period of last year. Gross margins for paper cartons and other paper products and corrugating medium paper were 19.0% and negative 5.6%, respectively, for the six months ended June 30, 2015, compared to 21.5% and negative 7.1%, respectively, for the same period of last year. Selling expenses decreased by 0.1 million, or 2.0%, to $3.4 million for the six months ended June 30, 2015, from $3.5 million for the same period of last year. As a percentage of revenues, selling expenses decreased to 4.4% for the six months ended June 30, 2015 from 5.0% for the same period of last year. General and administrative expenses increased by $1.2 million, or 19.1%, to $7.2 million for the six months ended June 30, 2015 from $6.0 million for the same period of last year. This increase was mainly due to the increase in staff costs, which include salary, benefits, social insurance and other relevant staff expenses. As a percentage of revenues, general and administrative expenses increased to 9.2% for the second quarter of 2015 from 8.6% for the same period of last year. As a result of the forgoing, operating loss was $0.1 million for the six months ended June 30, 2015, compared to operating income of $0.5 million for the same period of last year. Operating loss margin was 0.2% for the six months ended June 30, 2015, compared to operating income margin of 0.7% for the same period of last year. Net income attributable to the Company's common stockholders decreased by approximately $0.4 million, or 88.5%, to $0.1 million for the six months ended June 30, 2015, from $0.5 million for the same period of last year. Basic and diluted earnings per share were $0.01 for the six months ended June 30, 2015, compared to $0.07 for the same period of last year. Financial Condition
As of June 30, 2015, the Company had cash and cash equivalents of $10.7 million and restricted cash of $12.7 million, compared to $10.9 million and $13.8 million, respectively, at December 31, 2014. Working capital was $25.6 million as of June 30, 2015, compared to $30.7 million at December 31, 2014. Total equity for stockholders of Shengda was $114.2 million as of June 30, 2015, compared to $113.0 million at December 31, 2014. Net cash used in operating activities was $3.8 million for the six months ended June 30, 2015, compared to net cash provided by operating activities of $7.2 million for the same period of last year. This was attributable to net loss of $0.1 million, adjusted by depreciation and amortization expenses of $3.7 million, and a net decrease in cash from accounts and notes receivable of $3.2 million and a net decrease in cash from inventories of $4.9 million, and a net increase in cash from accounts and notes payable of $7.8 million and a net increase in cash from other working capital items of $0.5 million. Net cash used in investing activities was $4.2 million for the six months ended June 30, 2015, compared to $2.4 million for the same period of last year. The $4.2 million was mainly used for purchases of property, plant and equipment at our subsidiaries Shuangsheng, Shengda Concept and Shengda Zhongtian. Net cash provided by financing activities was nil for the six months ended June 30, 2015, compared to $1.9 million for the same period of last year. During the six months ended June 30, 2014, we received proceeds from loans amounting to $3.5 million, and repaid loans amounting to $3.5 million. About China Shengda Packaging Group Inc.
China Shengda Packaging Group Inc. is a leading paper packaging company in China. It is principally engaged in design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugating medium paper and corrugated paperboards, which are used for the production of flexo-printed and color-printed cartons. The Company provides paper packaging solutions to a wide variety of industries, including food, beverage, cigarette, household appliance, consumer electronics, pharmaceuticals, chemicals, machinery and other consumer and industrial sectors in China. Safe Harbor Statements
This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to expand to new markets, the ability to grow business through vertical integration and geographical expansion, the ability to access capital for expansion and continued investment in R&D, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, current or future volatility in the credit market and future market conditions, changes in relationships with customers, changes in profit margins of principal product and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Company Contact:
China Shengda Packaging Group Inc.
Cindy Hu, Board Secretary

China Shengda Packaging Group Inc. Reports Second Quarter 2015 Financial Results

7.8
7.8
Total revenues for the six months ended June 30, 2015 increased by $8.1million, or 11.7%, to $77.6 million from $69.5 million for the same period of last year, primarily driven by increases in sales volume of both paper cartons and other paper products and corrugating medium paper, partially offset by decreases in average selling prices of flexo cartons and corrugating medium paper. Revenues of paper cartons and other paper products increased by $4.8 million, or 8.5%, to $60.8 million for the six months ended June 30, 2015 from $56.0 million for the same period of last year. Sales volume of paper cartons and other paper products increased by 37.8 million square meters, or 26.0%, to 183.1 million square meters for the six months ended June 30, 2015 from 145.3 million square meters for the same period of last year while the average price of paper cartons and other paper products decreased to $0.33 per square meter for the six months ended June 30, 2015 from $0.39 per square meter for the same period of last year. The increase in sale volume of paper cartons and other paper products was mainly contributed by Shengda Zhongtian and Shengda Concept that started their operations in the first quarter of 2015. Color and flexo cartons accounted for 22.5% and 55.8% of total revenues for the six months ended June 30, 2015, compared to 24.8% and 55.8%, respectively, for the same period of last year. Average sales prices per square meter for color and flexo cartons were approximately $0.39 and $0.31, respectively, for the six months ended June 30, 2015, compared to approximately $0.39 and $0.38, respectively, for the same period of last year. Consumer and industrial goods manufacturing sectors remained the Company's principal markets. Major customers remained home appliances & electronics manufacturers, and food, beverage & cigarette manufacturers in the Yangtze River Delta Region, which accounted for 18.8% and 22.0%, respectively, of total revenues for the six months ended June 30, 2015, compared to 21.5% and 20.0%, respectively, for the same period of last year. Revenues of corrugating medium paper increased by $1.7 million, or 8.5%, to $21.8 million for the six months ended June 30, 2015, from $20.1 million for the same period of last year. The increase was mainly resulted from increase in the sales volume and partially offset by decrease in average selling prices. Sales volume and average selling price of corrugating medium paper were approximately 62.1 thousand tons and $351 per ton, respectively, for the six months ended June 30, 2015, compared to 55.5 thousand tons and $362 per ton, respectively, for the same period of last year. Overall gross profit decreased by $0.3 million, or $ 2.8%, to $10.3 million for the six months ended June 30, 2015 from $10.6 million for the same period of last year, as a result of increased cost of goods sold for both paper cartons and other paper products and corrugating medium paper. Gross profit of paper cartons and other paper products decreased by $0.5 million, or 4.1%, to $11.6 million for the six months ended June 30, 2015 from $12.1 million for the same period of last year. Gross profit of color and flexo cartons were $3.6 million and $8.0 million, respectively, for the six months ended June 30, 2015, compared to $3.9 million and $8.2 million, respectively, for the same period of last year. Gross loss of corrugating medium paper was $1.2 million for the six months ended June 30, 2015, down from $1.4 million for the same period of last year. Overall gross margin decreased by 2 points to 13.3% for the six months ended June 30, 2015 from 15.3% for the same period of last year. Gross margins for paper cartons and other paper products and corrugating medium paper were 19.0% and negative 5.6%, respectively, for the six months ended June 30, 2015, compared to 21.5% and negative 7.1%, respectively, for the same period of last year. Selling expenses decreased by 0.1 million, or 2.0%, to $3.4 million for the six months ended June 30, 2015, from $3.5 million for the same period of last year. As a percentage of revenues, selling expenses decreased to 4.4% for the six months ended June 30, 2015 from 5.0% for the same period of last year. General and administrative expenses increased by $1.2 million, or 19.1%, to $7.2 million for the six months ended June 30, 2015 from $6.0 million for the same period of last year. This increase was mainly due to the increase in staff costs, which include salary, benefits, social insurance and other relevant staff expenses. As a percentage of revenues, general and administrative expenses increased to 9.2% for the second quarter of 2015 from 8.6% for the same period of last year. As a result of the forgoing, operating loss was $0.1 million for the six months ended June 30, 2015, compared to operating income of $0.5 million for the same period of last year. Operating loss margin was 0.2% for the six months ended June 30, 2015, compared to operating income margin of 0.7% for the same period of last year. Net income attributable to the Company's common stockholders decreased by approximately $0.4 million, or 88.5%, to $0.1 million for the six months ended June 30, 2015, from $0.5 million for the same period of last year. Basic and diluted earnings per share were $0.01 for the six months ended June 30, 2015, compared to $0.07 for the same period of last year. Financial Condition
As of June 30, 2015, the Company had cash and cash equivalents of $10.7 million and restricted cash of $12.7 million, compared to $10.9 million and $13.8 million, respectively, at December 31, 2014. Working capital was $25.6 million as of June 30, 2015, compared to $30.7 million at December 31, 2014. Total equity for stockholders of Shengda was $114.2 million as of June 30, 2015, compared to $113.0 million at December 31, 2014. Net cash used in operating activities was $3.8 million for the six months ended June 30, 2015, compared to net cash provided by operating activities of $7.2 million for the same period of last year. This was attributable to net loss of $0.1 million, adjusted by depreciation and amortization expenses of $3.7 million, and a net decrease in cash from accounts and notes receivable of $3.2 million and a net decrease in cash from inventories of $4.9 million, and a net increase in cash from accounts and notes payable of $7.8 million and a net increase in cash from other working capital items of $0.5 million. Net cash used in investing activities was $4.2 million for the six months ended June 30, 2015, compared to $2.4 million for the same period of last year. The $4.2 million was mainly used for purchases of property, plant and equipment at our subsidiaries Shuangsheng, Shengda Concept and Shengda Zhongtian. Net cash provided by financing activities was nil for the six months ended June 30, 2015, compared to $1.9 million for the same period of last year. During the six months ended June 30, 2014, we received proceeds from loans amounting to $3.5 million, and repaid loans amounting to $3.5 million. About China Shengda Packaging Group Inc.
China Shengda Packaging Group Inc. is a leading paper packaging company in China. It is principally engaged in design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugating medium paper and corrugated paperboards, which are used for the production of flexo-printed and color-printed cartons. The Company provides paper packaging solutions to a wide variety of industries, including food, beverage, cigarette, household appliance, consumer electronics, pharmaceuticals, chemicals, machinery and other consumer and industrial sectors in China. Safe Harbor Statements
This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors include, but are not limited to, the Company's ability to expand to new markets, the ability to grow business through vertical integration and geographical expansion, the ability to access capital for expansion and continued investment in R&D, the ability to acquire other companies, changes from anticipated levels of sales, changes in national or regional economic and competitive conditions, current or future volatility in the credit market and future market conditions, changes in relationships with customers, changes in profit margins of principal product and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Company Contact:
China Shengda Packaging Group Inc.
Cindy Hu, Board Secretary

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Take Private

Shengda is a paper packaging company in China. It is principally engaged in design, manufacturing and sale of flexo-printed and color-printed corrugated paper cartons in a variety of sizes and strengths. It also manufactures corrugating medium paper and corrugated paperboards, which are used for the production of flexo-printed and color-printed cartons. The Company provides paper packaging solutions to a wide variety of industries, including food, beverage, cigarette, household appliance, consumer electronics, pharmaceuticals, chemicals, machinery and other consumer and industrial sectors in China.

Date	10/15/2015
Round	Take Private
Amount
Investors	YiDa International
Valuation	$XXM
Revenue	0 FY undefined
Sources	1

First funding	10/15/2015
Last Funding	10/15/2015
Investor	YiDa International
Rounds	1 Take Private
Board Seats
Type	Holding Company
Location	China

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