Related US sales and customer identification
The related-party note reports CNY 228.85896931 million of 2004 goods and service sales to a US company named only in Chinese in that table, compared with CNY 159.90352606 million in 2003. Its year-end receivable was CNY 71.87381087 million, or the reported 23.61% of gross trade receivables. The relationship note says it shared a legal representative with Jushi Group's foreign shareholder; it is not listed as a controlled subsidiary. The separate related-funds review shows the same closing balance and records CNY 232.12547343 million of reductions in the trading account during 2004. Those reductions are not described here as confirmed cash receipts. A different table lists GIBSON ENTERPRISES INC with CNY 74.99281828 million among the five largest trade-receivable accounts. This filing does not establish the English legal name of the Chinese-named US related party or explain the difference between these balances. The two records therefore remain separate. The business discussion explicitly describes the Chinese-named related party as Jushi Group's exclusive US distributor, reports a 90-day sales settlement term and says individual contracts used prevailing market prices for comparable products. It gives the related sales as 22.93% of similar transactions, a different denominator from the 23.61% receivable share. These are the issuer's disclosed channel and pricing terms, not proof of final-customer orders, confirmed receipt on the due date or the absence of credit risk.