Jiujiang 400,000-tonne intelligent manufacturing programme

The FY2025 important-construction-project note reports a budget of RMB 5,075,718,000.00 and engineering progress of 100% for this project. RMB 1,046,122,366.68 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 5,075,718,000

Engineering progress / 2025 / project disclosed

100%

Transferred to fixed assets / 2025 / project disclosed

RMB 1,046,122,366.68

The annual construction table identifies the Jiujiang intelligent manufacturing programme with planned glass-fiber capacity of 400,000 tonnes per year. Its reported budget was CNY 5,075,718,000. During FY2023, CNY 1,337,453,777.12 was added and CNY 2,369,702,274.51 transferred into fixed assets, leaving CNY 662,886,833.95 in construction at year-end. Reported project progress was 80%, separately from the 62.64% cumulative investment-to-budget indicator. Capitalized interest was CNY 26,487,668.10, with a reported 2.84% rate. These are the whole programme’s accounting movements and reported progress, not capacity already operating, one line’s spending, cash disbursements or a measured utilization rate.

Reported construction budget / 2023 / jiujiang programme budget

RMB 5,075,718,000

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

RMB 1,337,453,777.12

Issuer-reported construction progress / 2023 / jiujiang programme progress

80%

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

62.64%

Reported transfer into fixed assets / 2023 / jiujiang programme transfer

RMB 2,369,702,274.51

Reported closing construction carrying value / 2023 / jiujiang programme closing

RMB 662,886,833.95

Jushi Group Jiujiang’s intelligent manufacturing-base programme is named with planned annual glass-fiber capacity of 400,000 tonnes and a budget of CNY 5,075,718,000. Its opening construction balance is CNY 1,477,987.82, FY2022 additions CNY 1,693,843,083.01 and closing value CNY 1,695,321,070.83. Engineering progress is reported as 50%, with a separate 33% investment-to-budget indicator; the transfer-to-fixed-assets cell is blank, not a newly stored zero. The full operator and programme name identify the whole construction programme. It remains distinct from the base’s individual first phase and later production-line batches. The operating narrative’s installation activity and these programme accounts do not turn planned 400,000 tonnes into annual output or specify each individual furnace’s utilization.

Reported construction budget / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 5,075,718,000

Reported construction carrying-value additions / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 1,693,843,083.01

Issuer-reported construction progress / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

50%

Issuer-reported investment-to-budget ratio / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

33%

Reported closing construction carrying value / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 1,695,321,070.83

At Jiujiang, the report describes the second batch of lines, with combined designed annual capacity of 200,000 tonnes, within a 400,000-tonne glass fiber line construction programme at the intelligent manufacturing base. These lines were fired and put into production by area and phase during 2025. The wording supports phased commissioning; it does not specify one common start date, full-year output, utilisation or the achieved production rate for every line in that batch.