A US related counterparty accounts for substantial receivables
The related-party note reports CNY 159.90352606 million of goods-and-services sales to a US counterparty in 2003, against CNY 139.83571972 million in 2002. It identifies the relationship as a shared legal representative with Jushi Group's foreign shareholder, rather than describing the counterparty as a controlled subsidiary. The closing trade receivable was CNY 75.14031499 million, or 25.13% of the consolidated gross trade-receivable balance; the prior-year balance was CNY 65.81969646 million, or 22.94%. The major-receivable table puts the closing balance in the under-one-year age band, which does not by itself establish whether it was overdue under the sales terms. A separate operating-funds schedule records CNY 150.582907 million of reductions during 2003; that heading does not establish that every reduction was a cash collection. The relationship therefore matters both to sales exposure and to cash conversion. This filing gives the counterparty's Chinese name but does not establish a verified English legal spelling, so the reader uses a bounded US-counterparty description. Later-year exclusivity or payment-term disclosures are not backdated to 2003, and no orders or end customers are inferred.
- Reported business revenue / 2003 / related us counterparty goods services sales
- RMB 159,903,526.06
- Reported business revenue / 2002 / comparative related us counterparty goods services sales
- RMB 139,835,719.72
- Reported related trade receivables / 2003 / related us counterparty trade receivables
- RMB 75,140,314.99
- Reported related trade receivables / 2002 / comparative related us counterparty trade receivables
- RMB 65,819,696.46