China Jushi FY2004: Business overview

The company, reporting as China Fiberglass in 2004, described new materials including glass fiber, commercial property and home-product chain operations with logistics as its business scope. It reported 149,000 tonnes of glass fiber and related-product output, up 22.80%, and sales of 151,000 tonnes, up 31.50%. Sales included 90,000 tonnes of exports, up 48.00%. These are the company's reported annual operating quantities, rather than full-year output from each newly commissioned line. They are distinct from year-end design capacity and from the product and geographic revenue tables. The report does not allocate these quantities among particular grades, factories or named customers.

Production volume / 2004 / group glass fiber and products output

149,000 tonnes

Sales volume / 2004 / group glass fiber and products sales

151,000 tonnes

Sales volume / 2004 / group glass fiber and products export sales

90,000 tonnes

The top five customers generated RMB 437.6153 million in sales and represented 38.20% of the annual total. The top five suppliers accounted for RMB 164.2966 million of procurement, or 22.94%. These group measures sit alongside the disclosed increase in export volumes. No individual customer is assigned to a production line from this table, and procurement concentration is kept separate from sales concentration.

For 2005 management intended to keep the core glass fiber business operating efficiently and seek capital-market refinancing to support its development. It also planned stronger integration of subsidiaries, more formal business processes and broader budget management. These were proposed actions in the 2004 report. The plan does not establish that financing was completed or that any future line had already reached production.