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China JushiFY2003Products and glass-fiber technology
FY2003 overviewProducts and glass-fiber technologyProjects and construction progressSubsidiaries and invested companiesMarkets, customers and suppliersCash generation and working capitalOperating risks and business commitments
Annual business review / fy2003-selection-closeout-20261007

China Jushi FY2003: 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 2003-12-31 / Filing published 2004-04-06
Content version 4 / 59b77beb0172 / PUBLISHED

Products and applications

Glass fiber sales and export exposure

Glass-fiber products generated CNY 774.54312843 million of main-business revenue and CNY 534.84069739 million of main-business cost in 2003, compared with CNY 590.17353014 million and CNY 407.52882682 million in the filing's 2002 comparison. Other products generated CNY 77.68787252 million of revenue and CNY 44.04298095 million of cost, against CNY 61.09134799 million and CNY 31.47947368 million. The product categories reconcile to the group's revenue and cost totals. Management quotes 30.95% gross margin for glass fiber. Revenue less cost is distinct from the group's main-business profit after the separately reported sales taxes and surcharges. The other-products category is not allocated to individual products or plants without a disclosed bridge. The filing attributes revenue growth primarily to Jushi Group's higher sales volume, but does not provide a complete product-level tonnes, realised-price or end-use series from which to separate price and volume effects.

Reported disclosureFY2003 annual report, p. 12 ↗FY2003 annual report, p. 63 ↗FY2003 annual report, p. 64 ↗
Reported business revenue / 2003 / group glass fiber products
RMB 774,543,128.43
Reported business cost / 2003 / group glass fiber products
RMB 534,840,697.39
Reported business revenue / 2003 / group other products
RMB 77,687,872.52
Reported business cost / 2003 / group other products
RMB 44,042,980.95
Reported business revenue / 2002 / comparative group glass fiber products
RMB 590,173,530.14
Reported business cost / 2002 / comparative group glass fiber products
RMB 407,528,826.82
Reported business revenue / 2002 / comparative group other products
RMB 61,091,347.99
Reported business cost / 2002 / comparative group other products
RMB 31,479,473.68

Technology and commercial progress

Product development in a difficult input-cost environment

Management describes low glass fiber prices, the domestic SARS outbreak, and higher international prices for energy, imported raw materials and platinum. Its response centred on entering additional international markets, developing products demanded there, strengthening product-quality and service systems, and reducing consumption. The report describes these measures as contributing to stable growth at Jushi Group. It does not provide a product-by-product cost saving or a separately verified measure of technical leadership.

Management assessmentFY2003 annual report, p. 13 ↗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 FY2003 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 79 source pages have been read and material selection is mapped across 22 source groups and eight reader questions. Business mix, operating-company scope, growth stages, cash/credit, control, guarantees, historical tax and settlement are explained. Printed-value, identity and contract-reconciliation boundaries remain isolated. Source-use and independent editorial approval remain pending.
FY2003 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2004-04-06
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