FY2025: installation and construction accounts
In the FY2025 management discussion, the Huai'an 100,000-tonne electronic-yarn line had entered full installation. The construction-note table reports engineering progress of 60% and cumulative spending equal to 32.23% of its RMB 3,606,179,400 budget. These are different disclosed measures, rather than interchangeable completion percentages. Funding is described as own funds and borrowings. The reviewed project disclosures do not give a commissioning date, actual line output, line-specific product grades, named customers, equipment suppliers or a precise street address. Installation and nominal capacity must not be presented as commercial output.
FY2025 annual report · PDF p. 13
FY2025 annual report · PDF p. 147
Dated company announcements
DISCLOSURE AS OF 2025-01-15 / TRANSLATED FROM CHINESE
China Jushi: project proposal for the 15 January 2025 shareholder meeting
Original company document ↗ · Publication date not established · Document meeting date 2025-01-15 · Retrieved 2026-10-04Company-authored PDF · Hosted by CNINFO. Document date does not establish approval or independent verification.
Huai'an 100,000-tonne electronic-grade glass fiber production line
Forward-looking company estimate · Completion date not supplied
The proposal describes one year of construction, followed by 50% capacity operation in its second year, 75% in the third year and 100% by the end of the third year, with construction planned to begin in 2025. These are the proposal's relative project years, not a confirmed calendar schedule or achieved utilisation. The later August 2026 management statement of full production is retained separately; the reviewed material does not explain how the original ramp plan relates to that statement.
Source PDF p. 6
Huai'an 500 MW wind-power construction project
Forward-looking company estimate · Completion date not supplied
The proposal locates the separate 500 MW wind project in Lianshui County, with individual turbine sites to be determined after resource surveys. It proposes a 220 kV substation, 65–90 turbines of 5–8 MW each, and annual electricity sent to the grid of 1.35 billion kWh. The March 2026 notice instead forecasts 1.24 billion kWh of annual generation after completion. The values and wording describe different source versions and possibly different electricity boundaries; no net-versus-gross reconciliation, project redesign or realised generation is established.
Source PDF p. 6
- Original expected annual electricity sent to grid
- 1,350,000,000 kWh/year
Huai'an 100,000-tonne electronic-grade glass fiber production line
Forward-looking company estimate · Completion date not supplied
The original project proposal identifies G75, E225 and D450 yarn for the 7628, 2116 and 1080 electronic-fabric series, with potential annual fabric capacity of 392.25 million metres. These are planned product labels and design capability, not verified production or customer qualifications. The March 2026 ignition notice rounds fabric design scope to 390 million metres; both source values are retained without inferring a reduction, an expansion or a change in specifications.
Source PDF p. 6
- Designed annual fabric capacity
- 392,250,000 m/year
Huai'an 100,000-tonne electronic-grade glass fiber production line
Forward-looking company estimate · Completion date not supplied
The materials for the 15 January 2025 shareholder meeting propose the electronic-line site in the New Materials Industrial Park, formerly the Circular Economy Industrial Park, in Lianshui County, Huai'an, Jiangsu: south of Xuexing Bridge and east of the Yan River. The proposed land allocation is approximately 200 mu. This identifies a planned site using relative landmarks; it does not establish a surveyed plant boundary, street address, coordinates, land title or completed construction.
Source PDF p. 6
- Approximate proposed land allocation
- 200 mu
Source and version evidence
Source fingerprint: 2f53d9d7aef74d4db93239881c6bb8bfb2c26471b7b81f6840d25a609505c967
Selected PDF passages checked; full text parsing is separate from topic coverage.
DISCLOSURE AS OF 2025-02-10 / OFFICIAL ENGLISH SOURCE
China Jushi: Huai'an phase-II construction launch
Original company document ↗ · Published 2025-02-10T15:39:35+08:00 · Retrieved 2026-10-04
Huai'an 100,000-tonne electronic-grade glass fiber production line
Reported milestone · Event date 2025-02-09
China Jushi reported that construction of the second phase of its Huai'an manufacturing base began on 9 February 2025. The official English announcement identifies a 100,000-tonne electronic glass fiber production line alongside a supporting 500 MW wind facility. This is the construction milestone for the existing electronic-line project, not a report of glass output or customer deliveries.
- Designed annual fiber capacity
- 100,000 t/year
Huai'an 500 MW wind-power construction project
Reported milestone · Event date 2025-02-09
The same 9 February 2025 construction launch included a supporting 500 MW wind-power facility. It is linked to the existing 500 MW project, which is distinct from the electronic-fiber production line. The joint ceremony establishes a disclosed construction start; it does not establish grid connection, realised electricity generation or an environmental approval for either project.
- Designed wind-power capacity
- 500 MW
Source and version evidence
Source fingerprint: 3a5813eed8f11bee1d47f885cd3f204f6d5c236bc40d2c418ee317766624f25a
Capture scope: selected article text; photographs and linked documents are not treated as reviewed evidence.
DISCLOSURE AS OF 2026-03-18 / TRANSLATED FROM CHINESE
China Jushi: Huai'an electronic-fiber line ignition
Original company document ↗ · Published 2026-03-18T18:30:33+08:00 · Retrieved 2026-10-04
Huai'an 100,000-tonne electronic-grade glass fiber production line
Reported milestone · Event date 2026-03-18
China Jushi reported furnace ignition at the Huai'an electronic-glass-fiber and fabric project on 18 March 2026. It described annual design scope of 100,000 tonnes of electronic glass fiber and 390 million metres of electronic fabric. Tonnes of fiber and metres of fabric describe different production stages and cannot be added together. This dated disclosure advances the project beyond the installation stage described in FY2025, but does not quantify output achieved, stable operation at design capacity, sales, customer qualification or completion of statutory acceptance.
- Designed annual fiber capacity
- 100,000 t/year
- Designed annual fabric capacity
- 390,000,000 m/year
Huai'an 100,000-tonne electronic-grade glass fiber production line
Company statement · Not independently verified
The ignition announcement describes proprietary glass formulation, a large tank furnace and manufacturing systems using an industrial internet, AI quality inspection and digital twins. It states that the project mix includes ultra-fine yarn and ultra-thin fabric, aimed at high-performance printed-circuit-board substrates for applications such as servers and automotive electronics. These are company descriptions of technology and intended applications; the notice supplies no grade specifications, named customers, orders, measured yields or quantified efficiency gains. Market-share rankings and zero-carbon branding are not treated as independently established project performance.
Huai'an 500 MW wind-power construction project
Forward-looking company estimate · Completion date not supplied
The 18 March 2026 notice describes the second-phase 500 MW wind project with expected annual generation of 1.24 billion kWh after completion. It does not give a grid-connection or completion date for this second phase. Its separately reported 233 MW first-phase wind project is not merged with the previously recorded 200 MW project on capacity or naming alone. The electricity forecast is not realised generation and is not evidence that every hour of glass production is supplied by this wind project.
- Designed wind-power capacity
- 500 MW
- Expected annual generation after completion
- 1,240,000,000 kWh/year
Source and version evidence
Source fingerprint: 9563e9b8a28d72b2b88e1c894be2bb9331cb53abc6fa141e2dab2253f8529f14
Capture scope: selected article text; photographs and linked documents are not treated as reviewed evidence.
DISCLOSURE AS OF 2026-08-21 / TRANSLATED FROM CHINESE
China Jushi: investor relations activity record, 21 August 2026
Original company document ↗ · Publication date not established · Activity date 2026-08-21 · Retrieved 2026-10-04Company-authored PDF · Mirrored by Sina Finance; original issuer-hosted copy not established in this cycle. Document date does not establish approval or independent verification.
Huai'an 100,000-tonne electronic-grade glass fiber production line
Company statement · Not independently verified · As of 2026-08-21
At the 21 August 2026 results briefing, management stated that the Huai'an 100,000-tonne electronic-grade glass fiber line had undergone phased ignition and production starts in March and June and had reached full production. This is a dated company statement of operating status, not an independently measured utilisation percentage. The response gives no exact June start date, project-specific output quantity, customer names, delivery volumes, grade approvals or statutory acceptance result. It updates what is known after the March ignition notice without rewriting FY2025 or assuming that all downstream fabric facilities reached the same status.
Source PDF p. 2
Source and version evidence
Source fingerprint: 61b13aa15df6f1fe33cc168a9dab9e5a51b399e1be72c0c56b5e760f293fc207
Selected PDF passages checked; full text parsing is separate from topic coverage.
Identity and remaining evidence
Announcements are manually linked to the existing Huai'an electronic-line and 500 MW wind-project records using location, product, capacity and phase context. No new physical project is created from a variant name. The electronic line and wind project remain separate objects.
Selected company announcements and issuer-authored PDFs; not independent verification or a complete project history.
Planned industrial-park siting is source-linked; exact built footprint, parcel, coordinates and statutory acceptance remain unresolved.
Management reports full production as of 21 August 2026; measured line output, product qualifications and named customer deliveries are not established.
The two fabric design figures and two wind electricity forecasts remain source-specific; no redesign or net/gross reconciliation inferred.
Historical annual pages retain their original scope; later developments remain in this separate timeline.
Selected direct-disclosure milestones and scope boundaries have been source-compared; this timeline is not a complete annual review or independent project acceptance. Source-use permission and independent editorial approval remain pending.
Timeline v3 ·
Current displayed version 3 · 7b4b81da9fa9b765e23eff22409813dc044579c486a5d29e9b66b9e1f40b6928 · Content approved by the project editor.