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China JushiFY2002Products and glass-fiber technology
FY2002 overviewProducts and glass-fiber technologyManufacturing basesProjects and construction progressSubsidiaries and invested companiesMarkets, customers and suppliersCash generation and working capitalOperating risks and business commitments
Annual business review / fy2002-selection-closeout-20261007

China Jushi FY2002: Products and glass-fiber technology

Products, applications, research and commercial progress.

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.

Reporting period ended 2002-12-31 / Filing published 2003-03-29
Content version 4 / c42abccfc140 / PUBLISHED

Products and applications

Glass fiber was the principal revenue-producing product

The FY2002 as-filed consolidated accounts report glass fiber and related products revenue of CNY 573.30283690 million and associated main-business cost of CNY 394.87831000 million; other products and operations contributed CNY 61.09134799 million of revenue and CNY 31.47947368 million of cost. Together they reconcile to CNY 634.39418489 million of main-business revenue and CNY 426.35778368 million of cost. The same filing's 2001 comparatives are CNY 449.83603494 million revenue and CNY 305.21771733 million cost for glass fiber, and CNY 81.48751226 million revenue and CNY 50.06306094 million cost for other activities. The subtraction of revenue and these costs is before main-business taxes and surcharges, so it is not the report's main-business profit or net profit. Management describes price pressure and responses through product quality, global marketing, cost control and research; these are attributed explanations, not independently measured drivers. Disposed operations continued to contribute income for the periods identified in the consolidation note, so these product comparisons are not automatically a constant-perimeter measure.

Reported disclosureFY2002 annual report, p. 13 ↗FY2002 annual report, p. 26 ↗FY2002 annual report, p. 55 ↗FY2002 annual report, p. 56 ↗
Reported business revenue / 2002 / fy2002 consolidated glass fiber
RMB 573,302,836.9
Reported business cost / 2002 / fy2002 consolidated glass fiber
RMB 394,878,310
Reported business revenue / 2002 / fy2002 consolidated other products
RMB 61,091,347.99
Reported business cost / 2002 / fy2002 consolidated other products
RMB 31,479,473.68
Reported business revenue / 2001 / comparative fy2002 consolidated glass fiber
RMB 449,836,034.94
Reported business cost / 2001 / comparative fy2002 consolidated glass fiber
RMB 305,217,717.33
Reported business revenue / 2001 / comparative fy2002 consolidated other products
RMB 81,487,512.26
Reported business cost / 2001 / comparative fy2002 consolidated other products
RMB 50,063,060.94

Technology and commercial progress

Responding to lower prices through products and processes

Management describes intense domestic and international competition and falling glass fiber prices. Jushi Group responded with technical innovation and upgrades, cost and consumption reductions, new-product development, improved product quality and after-sales service, and expansion of its global marketing network. These are management's descriptions of the response. The passage does not quantify a saving from each initiative or establish a commercial qualification for each new product.

Management assessmentFY2002 annual report, p. 13 ↗FY2002 annual report, p. 14 ↗Open continuing technology dossier

Read the complete annual research snapshot

Sources and scope

What this guide establishes

  • This page presents selected business disclosures from the FY2002 full annual report. It is not an exhaustive extraction of every disclosure.
  • Event dates stated in the text may differ from the reporting year. Later events disclosed before filing are identified explicitly; later annual reports are not inserted into this historical account.
  • The Chinese source was translated and compared with the cited pages in separate passes by the same assistant. Independent editorial review and publication approval remain pending.
  • Capacity, production, sales, project budgets and construction expenditure are different measures. Repairs and programme phases are not automatically incremental capacity.
  • All 67 source pages have been read and material content selected under the foreign-investor and industry-research reader rules. Restructuring, products, projects, operating results, working capital, funding, guarantees and related-party exposure are explained; source discrepancies remain explicitly bounded. This closes same-assistant extraction and selection only. Source-use permission and independent editorial approval remain pending.
FY2002 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2003-03-29
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