Evidence-linked English operating research. The source and stated coverage below define the scope of this version. Source-page links provide optional verification; the English account is intended to stand on its own.
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.
Under an agreement dated 10 October 2002, the listed parent transferred the entire old Jiujiang factory's assets and liabilities to its controlled Jushi Group at a reported price of CNY 38.2222 million, based on the assessed net assets at 31 August. Payment consisted of Jushi Group assuming CNY 33.47 million of bank debt and paying CNY 4.7522 million in cash; the report says payment, asset handover and ownership changes were completed. Thus CNY 38.2222 million is not a cash receipt. This moved the factory into Jushi Group and its newly established Jiujiang company, rather than showing an exit from the glass-fiber business. It also does not establish that the new 10,000-tonne production line was already commissioned in 2002.
The fixed-asset note reports CNY 26.4772 million buildings and CNY 177.9525 million machinery pledged for CNY 86 million long-term and CNY 15 million short-term borrowing. The maturity note places the CNY 86 million loan in the current portion at year end, so the asset-note label is not a second borrowing balance. Its collateral schedule names CNY 155.274 million machinery for that loan and CNY 22.6785 million machinery for the short-term loan; these sum to the asset note's CNY 177.9525 million machinery. The intangible-asset note shows earlier Pukou and Weiyang West Road land rights transferred out, while second-phase factory land remains at CNY 5.76228110 million carrying value. These records provide funding and asset-perimeter context; they do not establish coordinates, street-level operating sites or that all title certificates were complete.
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