Completed lines and the construction ledger
Management reported that the 40,000-tonne alkali-free line began production in August 2004 and the 30,000-tonne medium-alkali line in September, taking total reported glass-fiber capacity above 210,000 tonnes. These late-year start dates limit how much of annual design capacity can be assumed to contribute to that year's output. The borrowing note attributes higher long-term borrowing to Jushi Group's 40,000-tonne alkali-free investment and Jushi Chengdu's 30,000-tonne medium-alkali investment. The consolidated construction ledger began the year at CNY 9.01798550 million, added CNY 644.59292872 million and transferred CNY 644.43492302 million to fixed assets; after CNY 0.08787310 million of other transfers it closed at CNY 9.08811810 million. Capitalised interest of CNY 11.16157339 million is included in the reported additions and transfers, not extra spending to add again. Project 208 transferred CNY 367.49805843 million and project 209 CNY 272.66370526 million to fixed assets, each with no closing construction balance. The filing does not explicitly equate those ledger codes to the two named capacity lines, so the accounting figures are not allocated to either line. Ledger additions and transfers differ from cash capital expenditure, approved project budgets and incremental annual capacity.
- Reported construction opening balance / 2004 / consolidated cip opening
- RMB 9,017,985.5
- Reported construction carrying-value additions / 2004 / consolidated cip additions
- RMB 644,592,928.72
- Reported construction transfer to fixed assets / 2004 / consolidated cip fixed asset transfers
- RMB 644,434,923.02
- Reported construction closing balance / 2004 / consolidated cip closing
- RMB 9,088,118.1
- Reported cip ledger capitalized interest / 2004 / consolidated cip capitalized interest
- RMB 11,161,573.39