Chengdu 50,000-tonne glass fiber line upgrade

The Chengdu 50,000-tonne line technical upgrade was marked complete, following the December 2013 trial-operation milestone. The table gives a project amount of RMB 282.9821 million, annual investment RMB 117.4733 million and cumulative investment RMB 205.8633 million. This is a separate completion observation for the same upgrade; it is not merged with the 60,000-tonne conversion or interpreted as a new stand-alone furnace without further evidence.

The 50,000-tonne-per-year Chengdu glass-fiber line upgrade began in August 2013. Management reports ignition for trial operation in December; the financial important-matters note independently describes the start of trial production in that month. The management table still labels the project as under construction. The financial movement table gives a CNY 282,982,100 budget and CNY 88,388,544 of current additions, with the same amount remaining in construction in progress at year end. The management table rounds annual and cumulative investment to CNY 88,390,000 in its CNY 10,000 unit. The rounding difference is retained as presentation precision, not another investment flow. Trial production, accounting transfer, stable output and an incremental increase in furnace capacity are different measures; the report does not quantify an additional 50,000 tonnes of realized production or attribute annual revenue to this line.

Project budget / 2013 / financial cip budget

RMB 282,982,100

Reported cip additions / 2013 / chengdu50kt upgrade

RMB 88,388,544

Reported cip net / 2013 / chengdu50kt upgrade

RMB 88,388,544