Export concentration carried a collection risk
The top five customers account for CNY 177.156 million, or 33.34% of annual sales, in the operating overview. Separately, Jushi sold CNY 122.82182750 million to a US related sales company whose legal representative was the same as that of Jushi's foreign shareholder. The auditor describes those sales as 51.46% of export sales. The closing amount owed was CNY 52.59743863 million; the board explicitly asks for a repayment agreement covering overdue goods payments. This source supports an overdue classification for that named balance, while the general receivables age table does not prove that every aged item is contractually overdue. The filing uses Chinese name variants and does not establish an exact English legal identity for this US counterparty; it should not be merged with the initial Gibson investor proposal without evidence. Consolidated trade receivables are CNY 245.30650187 million gross, with CNY 18.66921976 million allowance and CNY 226.63728211 million net. Some 10.19% of gross receivables are more than three years old. Sales concentration, export dependence and collection exposure are related but distinct measures.
- Reported related sales / 2001 / fy2001 us channel sales
- RMB 122,821,827.5
- Reported related trade receivables / 2001 / fy2001 us channel closing
- RMB 52,597,438.63
- Reported receivables gross / 2001 / fy2001 consolidated closing
- RMB 245,306,501.87
- Reported receivables allowance / 2001 / fy2001 consolidated closing
- RMB 18,669,219.76