SINOFILINGS / BUSINESS LIBRARY600176 / PUBLISHED
Project dossier / object-dossiers-v1

Chengdu 60,000-tonne medium-alkali line conversion

Project / Background, reported developments and evidence

Selected disclosures assembled into a continuing object history. Associated business context retains its own company, product or site scope. Source-page links provide optional verification; the English account is intended to stand on its own.

Source reporting periods through 2014-12-31 / Company library through 2025-12-31
Content version 30 / deea6484e3c3 / PUBLISHED

At a glance

Record type
Project
Earliest source in this dossier
FY2012
Latest source in this dossier
FY2014
Company
China Jushi / 600176

Read the dated construction and operating milestones below. An installation stage or an engineering-progress percentage does not establish actual production. A programme and its component lines may describe the same capacity at different levels.

Location and identification

Exact physical address and coordinates have not yet been verified for this record.

Verified site coordinates: unavailable. No city-centre point is displayed as a plant location.

Reported measurements

Only measurements attached to this record are shown. Values retain their original reporting scope; rows are not summed into an asset total.

MeasureValuePeriod / scopeSource
Annual production capacity60,000 tonnes/yearFY2014 filing; value date not structuredglass fiberFY2014, p. 13
Project budgetRMB 599,800,0002013-12-31management project table / management project tableFY2013, p. 15
Annual project investmentRMB 223,230,0002013-01-01 to 2013-12-31management project table / management project tableFY2013, p. 15
Cumulative project investmentRMB 223,550,0002013-12-31management project table / management project tableFY2013, p. 15
Project budgetRMB 599,800,0002012-12-31management table amount / management table amountFY2012, p. 16
Reported project annual investmentRMB 16,900,0002012-01-01 to 2012-12-31management table / management tableFY2012, p. 16
Reported project cumulative investmentRMB 16,900,0002012-12-31management table to date / management table to dateFY2012, p. 16
Project budgetRMB 599,797,2002012-12-31approval estimate / approval estimateFY2012, p. 124
Reported project planned funding share40%2012-12-31planned own funding / planned own fundingFY2012, p. 124
Reported project planned funding share60%2012-12-31planned long term borrowing / planned long term borrowingFY2012, p. 124

The following sections retain the full available English descriptions and their source context. Associated business context describes its named product or base.

FY2014 / Disclosed developments

Open FY2014 company review

Conversion of the Chengdu 60,000-tonne medium-alkali line was marked complete. The table retained the RMB 599.80 million project amount, with annual investment of RMB 288.5543 million and cumulative investment of RMB 512.1043 million. This provides the completion-stage update to the construction started in March 2013. The converted line's nominal capacity is not treated as entirely new production capacity without a before-and-after reconciliation.

Annual production capacity
60,000 tonnes/year

The financial note says the conversion of Chengdu's original 60,000-tonne medium-alkali glass-fiber line was completed in February 2014. The board table describes that original line, with a project amount of 59,980 ten-thousand CNY, annual investment of 28,855.43 ten-thousand CNY and cumulative investment of 51,210.43 ten-thousand CNY. These are investment measures, not annual output or measured utilization. The engineering table separately lists an 80,000-tonne technical-upgrade row with a similar budget. The compared passages do not explicitly bridge the two project names or state that one is the other's resulting capacity. That engineering row is therefore not assigned to this Chengdu project, and no additional 80,000-tonne plant, capacity increase or accounting transfer is inferred from the resemblance. The established project history and explicitly disclosed completion date are retained; the unresolved engineering identity stays in the evidence review.

FY2013 / Disclosed developments

Open FY2013 company review

Jushi Group Chengdu was modifying a 60,000-tonne-per-year medium-alkali glass-fiber furnace line. Management states a March 2013 construction start and expected completion in the first half of 2014. The financial important-matters note states an August 2013 start and says the project was still unfinished. The report does not reconcile the start-month difference; neither passage establishes completed operation. Management records a CNY 599,800,000 project amount, CNY 223,230,000 of annual investment and CNY 223,550,000 cumulatively. The line is kept separate from Chengdu packaging works and the 50,000-tonne upgrade. A financial construction row uses an 80,000-tonne line name and a nearby CNY 599,797,200 budget. Similar spending does not resolve the capacity-name mismatch, so that financial row is retained at the unassigned ledger level rather than merged into this 60,000-tonne project.

Project budget / 2013 / management project table
RMB 599,800,000
Annual project investment / 2013 / management project table
RMB 223,230,000
Cumulative project investment / 2013 / management project table
RMB 223,550,000

FY2012 / Disclosed developments

Open FY2012 company review

The Chengdu subsidiary was preparing to convert its 60,000-tonne medium-alkali glass-fiber line. The management table gives a CNY 599,800,000 project amount and CNY 16,900,000 of annual and cumulative investment, with preparation underway and completion expected by year end. The later note records approval on 12 November 2012, an estimated CNY 599,797,200 investment, a planned March 2013 construction start and July 2013 completion. It describes 40% own funding and 60% intended long-term borrowing; these proportions are a financing plan, not evidence that the loans had already been received. Separately, the construction schedule labels a technical upgrade as an 80,000-tonne line with the same exact budget, but only CNY 323,452.40 in its closing balance. The disclosed capacity, expenditure and stage perimeters differ. The 80,000-tonne accounting row is retained separately at business level, rather than silently merged into this project or treated as confirmed output. The report provides enough detail to understand the proposed conversion, while leaving the internal naming difference explicit.

Project budget / 2012 / management table amount
RMB 599,800,000
Reported project annual investment / 2012 / management table
RMB 16,900,000
Reported project cumulative investment / 2012 / management table to date
RMB 16,900,000
Project budget / 2012 / approval estimate
RMB 599,797,200
Reported project planned funding share / 2012 / planned own funding
40%
Reported project planned funding share / 2012 / planned long term borrowing
60%

Sources and scope

What this guide establishes

  • Reporting years identify the source filings. Actual event dates are retained in the text and may differ from the reporting year.
  • The latest disclosure year for this object is not confirmation of its current operating status. Coverage is selected, not an exhaustive account of every report.
  • Capacity, output, sales, construction progress and expenditure are separate measures. Programme and component capacities are not added together.
  • Company contact addresses are location leads. They do not establish exact plant boundaries or the footprint of individual projects.
FY2012 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2013-03-15
PDF SHA-256: 38205fabda3454f131412e84de42b1d18aac6e5d88dfb3cc0bafacebef394f7e
FY2013 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2014-03-19
PDF SHA-256: 95d20729281439b11b9ef2fe5f86ca19007a1f9d5b239ced1aedce9aad8128c3
FY2014 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2015-03-18
PDF SHA-256: 9651c42a65e7a7d89ad49652e39914807223f94f462ee75c8e8522e293c2741a