Jiujiang manufacturing base

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.

The listed company transferred all Jiujiang factory assets and liabilities to Jushi Group for RMB 38.2222 million. Payment combined assumption of RMB 33.47 million in bank debt with RMB 4.7522 million in cash; the report says ownership changes and asset handover were completed. This is an ownership and organisation change within the glass fiber business, distinct from the physical progress of the Jiujiang production projects.

At the Jiujiang factory, a 25,000-tonne glass fiber yarn technical upgrade was completed at the end of April 2001 and had reached design capacity by year-end. A separate energy-saving, environmental tank-furnace project remained in pre-construction preparation. The annual report therefore describes both an operating upgrade and a proposed further investment at the same factory. Shared location is useful for relating them to the Jiujiang base, but it is insufficient to merge the two construction projects.