China Jushi FY2001: Business overview

The listed company, then China Chemical Building Materials, manufactured and sold glass fiber and related products, building plastic flooring, and PVC pipes and fittings. It also operated general merchandise and building-material markets. Reported main-business revenue was RMB 531.324 million. These activities explain why the early group cannot be described solely by the product mix of modern China Jushi: glass fiber was important, but the listed parent still held several other operating businesses.

The top five customers accounted for 33.34% of annual group sales, with combined sales of RMB 177.156 million. Management says demand in the United States was affected after the September 11 attacks and that it increased sales efforts in other countries and the domestic market. This records management's response to changing conditions; the concentration table does not identify individual product contracts or establish the destination of every shipment.

The report records growth in glass fiber output, sales and subsidiary earnings alongside losses in other parts of the group. Jiangyin Chemical Plastics Factory made a loss of RMB 18.805 million; management attributed it to ageing products, weak competitiveness, internal management problems and additional provisions. The Nanjing branch also recorded a loss. These disclosures place the operating expansion alongside the legacy businesses that weighed on the consolidated result, rather than treating rising fiber volumes as a complete account of the year.

This historical reading retains the business structure and reported milestones of the 2001 filing. It does not treat later disposals, renaming or overseas projects as events already completed in 2001. The report also states that an investment in a TFT-display ultra-thin glass project through Kaisheng Tongxiang Information Materials had begun some civil construction; this is a construction-stage investment in another material, rather than evidence of commercial glass fiber deliveries.