Chengdu packaging-material workshop upgrade

The project table identifies an upgrade to the packaging-material workshop of Jushi Group Chengdu. It gives a project amount of 7,990 ten-thousand CNY, annual investment of 1,224 ten-thousand CNY and cumulative investment of 6,821 ten-thousand CNY, and marks the project unfinished. This is a packaging-support project, not an additional glass-fiber furnace or a stated increment of yarn capacity. The table does not give a physical address, completion date, workshop output or savings. A separate project identity preserves the disclosed operator and activity without merging it into the Chengdu 50,000-tonne upgrade or 60,000-tonne conversion merely because they share a city.

Project budget / 2014 / packaging workshop upgrade

RMB 79,900,000

Annual project investment / 2014 / packaging workshop upgrade

RMB 12,240,000

Cumulative project investment / 2014 / packaging workshop upgrade

RMB 68,210,000

The Chengdu packaging-material workshop upgrade remained unfinished in the board investment table. Its budget of 7,990 ten-thousand CNY matches the CNY 79,900,000.00 engineering budget. The engineering table reports current additions of CNY 12,425,835.86, CNY 32,764,179.66 transferred to fixed assets, closing construction in progress of CNY 35,627,184.88 and 85.6% engineering progress. The board table separately gives current investment of 1,224 ten-thousand CNY and cumulative investment of 6,821 ten-thousand CNY. The source does not provide a complete bridge between the two annual investment measures. A closing construction balance is neither total spending since project inception nor the same as equipment already transferred to fixed assets. Packaging is supporting activity, not a newly disclosed glass-fiber furnace or a tonnage addition. The existing board budget and investment fields remain, while engineering figures keep their separate scope and evidence. No warehouse-equipment prepayment or finance-lease deposit is automatically assigned to this project merely because it also supports production.

Annual construction additions / 2014 / reported engineering row

RMB 12,425,835.86

Project transfer to fixed assets / 2014 / reported engineering row

RMB 32,764,179.66

Construction in progress at year-end / 2014 / closing cip table

RMB 35,627,184.88

Engineering progress / 2014 / reported engineering row

85.6 percent

Jushi Group Chengdu's packaging-material workshop upgrade was unfinished and under construction. The management table reports a CNY 79,900,000 project amount, rounded annual investment of CNY 26,710,000 and cumulative investment of CNY 55,970,000. The financial construction ledger identifies the same Chengdu packaging-material upgrade and gives CNY 26,705,759.71 of current additions and CNY 55,965,528.68 of closing construction in progress. The latter also reconciles to the opening balance of CNY 29,259,768.97 plus current additions. These precise amounts are consistent with rounding to the management table's CNY 10,000 unit; they are not extra cash expenditure. The project is linked to the existing packaging-workshop entity also described in FY 2014, based on implementing company, workshop scope and the same budget. The legacy entity key contains 2014 but does not claim that the project began that year. Packaging infrastructure is kept distinct from a new glass-fiber furnace; neither extra fiber tonnage nor a measured productivity benefit is disclosed here.

Reported cip additions / 2013 / chengdu packaging workshop

RMB 26,705,759.71

Reported cip net / 2013 / chengdu packaging workshop

RMB 55,965,528.68

The Chengdu packaging-material workshop upgrade was still under construction at year end. The investment summary reports a CNY 79,900,000 project amount and CNY 29,260,000 invested both during FY2012 and cumulatively. The implementing company and packaging-workshop description identify the existing project used in the later annual accounts, without relying only on the amount. The financial note separately names support works for a 130,000-tonne glass-fiber line, with a CNY 79,900,000 budget, CNY 29,259,768.97 closing balance and 40% reported progress. The close amounts provide a comparison reference but do not prove that every supporting-work item belongs to the packaging workshop. The source-specific accounting row remains separately scoped. A packaging workshop or support-work reference is not itself evidence that 130,000 tonnes of new fiber capacity was installed, nor that either project had completed or generated a measured sales benefit.

Project budget / 2012 / management packaging table

RMB 79,900,000

Reported project annual investment / 2012 / management packaging table

RMB 29,260,000

Reported project cumulative investment / 2012 / management packaging to date

RMB 29,260,000