Huai'an supporting 200 MW wind-power project

The FY2025 important-construction-project note reports a budget of RMB 985,586,300.00 and engineering progress of 100% for this project. RMB 113,884,457.72 was transferred to fixed assets during the year. The row has no closing construction-in-progress amount. Engineering progress, spending against budget, and actual output are different measures. A blank closing cell is retained as a blank and is not entered as a numeric zero.

Project budget / 2025 / project disclosed

RMB 985,586,300

Engineering progress / 2025 / project disclosed

100%

Transferred to fixed assets / 2025 / project disclosed

RMB 113,884,457.72

The FY2024 construction note identifies a supporting 200 MW wind-power project of Jushi New Energy (Huai'an) Co., Ltd., while the management narrative says a supporting 233 MW wind project had been fully connected to the grid. The note reports a RMB 985,586,300 budget, 90% engineering progress and RMB 16,267,223.17 closing construction-in-progress. The different capacity descriptions and progress scopes remain unresolved; they must not be silently treated as the same rated installation. The separate 500 MW development is also kept distinct.

Engineering progress / 2024 / project disclosed

90%

Construction in progress at year-end / 2024 / project disclosed

RMB 16,267,223.17

The construction note names a supporting 200 MW wind-power project operated by Jushi New Energy (Huai'an). Its reported budget was CNY 985,586,300. FY2023 additions and closing construction value were both CNY 287,061,000.12, with reported progress of 50% and a cumulative investment-to-budget indicator of 29.13%. This is a supporting energy project rather than additional glass-fiber capacity. The 200 MW scope is preserved separately from later reported connected capacity and other proposed wind projects; this table does not establish electricity already generated, carbon reductions or commercial power revenue.

Reported construction budget / 2023 / wind programme budget

RMB 985,586,300

Reported construction carrying-value additions / 2023 / wind programme additions

RMB 287,061,000.12

Issuer-reported construction progress / 2023 / wind programme progress

50%

Issuer-reported investment-to-budget ratio / 2023 / wind programme budget ratio

29.13%

Reported closing construction carrying value / 2023 / wind programme closing

RMB 287,061,000.12

Huai'an is the Jiangsu location in Jushi's six-base manufacturing network. The filing separately describes high-performance glass fiber production, a new electronic-yarn line and wind-power developments. These are connected activities with different physical and accounting scopes. The base grouping is not a single production line, and the operating wind business is not evidence that the new electronic-yarn line has entered commercial production.