Construction ledger names do not identify projects by capacity alone
The 40,000-tonne alkali-free tank-furnace project was in preparatory work: the report says its environmental assessment was approved and its provincial feasibility approval forwarded to the national authority. It does not report this project commissioned in 2002. The new Jiujiang 10,000-tonne environmentally oriented line was under construction, with CNY 25.3892 million investment completed by year end; civil works, equipment orders and technical training were underway. The issuer attributed independently developed waste-fiber remelting technology to this project; that is an issuer technology claim, not an independent performance assessment. The accounting construction ledger separately identifies a 10,000-tonne alkali-free line transferred to fixed assets at CNY 85.41567149 million, a 6,000-tonne yarn technical renovation transferred at CNY 30.89669936 million, and a 16,000-tonne line with CNY 0.71383051 million closing work in progress. It also lists a 9,000-tonne medium-alkali line at CNY 0.66043710 million, and project 207, labeled a 10,000-tonne furnace, at CNY 1.96668184 million. This filing supplies no reliable identity bridge connecting these ledger entries to the narrative Jiujiang project; capacity labels alone cannot support a merge. The 10,000-tonne finished-goods warehouse is storage, not manufacturing capacity. Overall work in progress fell from CNY 122.76213606 million to CNY 11.15166353 million after CNY 27.22237649 million additions, CNY 137.47510786 million fixed-asset transfers and CNY 1.35774116 million other reductions. Accounting transfers do not establish annual output or a simple sum of incremental capacity.
- Reported consolidated construction in progress / 2002 / fy2002 consolidated construction ledger
- RMB 11,151,663.53
- Transferred to fixed assets / 2002 / fy2002 consolidated construction ledger
- RMB 137,475,107.86