Jiujiang 70,000-tonne component of the 2009 expansion

The Jiujiang programme was described as two furnace-drawing lines with nominal annual capacities of 70,000 and 80,000 tonnes, together forming the 150,000-tonne programme. The first, an alkali-free glass-fiber line operated by Jushi Jiujiang, entered production in February 2010. The investment table reports CNY 981,259,600 for this component, converted from CNY 98,125.96 in ten-thousand-yuan units. That reported total investment is not identified as cash paid entirely during FY2010. The component remains linked to its existing project record, rather than becoming a new project because the annual table groups it with the second line. Commissioning during the year does not mean the full nominal capacity was produced or sold that year; this passage supplies no line-specific annual output, utilization, customers or revenue. Its accounting identity must also be checked before attaching a broader factory-construction transfer to this line alone.

Reported project total investment / 2010 / jiujiang 70kt line reported total

RMB 981,259,600

The Jiujiang expansion began construction in July 2009. It comprised two alkali-free glass-fiber furnace-drawing lines with nominal annual capacities of 70,000 and 80,000 tonnes, plus supporting works for the new base. Furnace drawing means drawing glass into fibers from a molten-glass furnace. The 70,000-tonne component had an estimated total investment of CNY 981,259,600. The annual report says this line was ignited and entered production in February 2010. This is a subsequent event disclosed in the FY2009 report, rather than evidence of production throughout 2009. Management also described a larger 350,000-tonne base programme; that wider scope is not an additional operating capacity to add to these two components. Relocation of existing Jiujiang assets to the science and technology park also affected construction accounting. The disclosure does not separate this component’s annual output, utilization or customer sales.