China Jushi FY2006: Markets, customers and suppliers

Glass fiber and related products generated RMB 1.860480725 billion in main-business revenue. The product table reports a 30.76% main-business profit rate. Domestic revenue was RMB 885.7555 million and foreign revenue RMB 1.1310459 billion. The five largest customers accounted for 32.82% of sales. These figures describe reported product and geographic totals and concentration, without assigning every export sale to a particular factory or new line.

Glass fiber and related products generated CNY 1.860 billion of main-business revenue and CNY 1.288 billion of main-business costs. Other products generated CNY 156.321 million of revenue and CNY 99.196 million of costs; the two product categories reconcile to the main-business totals. The product table reports a 30.76% main-business profit rate for glass fiber and related products, down 1.43 percentage points, while the other category reports 36.54%. These table rates are not labelled net profit margins and do not deduct all group expenses. Total main-business cost rose from CNY 997.730 million to CNY 1.387 billion. The exact amounts imply approximately 39.05% growth, matching the product table; the cost note separately prints 41.79%. That source difference is retained rather than treated as a second measured cost increase. Management linked selling costs to transport and packaging, administrative costs to technical development and personnel associated with expansion, and finance costs partly to borrowing and reduced interest capitalization after projects were completed. Domestic main-business sales were CNY 885.756 million and foreign sales CNY 1.131 billion. These geographic amounts cover the whole main business, not only glass fiber; they reconcile to the consolidated sales total and are sales classifications rather than the location of production assets.

Reported glass-fiber and related-product revenue / 2006 / fy2006 core glass fiber and related product revenue 2006

RMB 1,860,480,725.23

Reported glass-fiber and related-product cost / 2006 / fy2006 core glass fiber and related product cost 2006

RMB 1,288,152,534.37

Reported glass-fiber and related-product revenue / 2006 / fy2006 core other product revenue 2006

RMB 156,320,718.28

Reported glass-fiber and related-product cost / 2006 / fy2006 core other product cost 2006

RMB 99,195,690.95

Reported domestic main-business revenue / 2006 / fy2006 core consolidated domestic main business revenue 2006

RMB 885,755,504.69

Reported foreign main-business revenue / 2006 / fy2006 core consolidated foreign main business revenue 2006

RMB 1,131,045,938.82

GIBSON INTERPRISES INC was described as Jushi Group's exclusive US distributor and as sharing a legal representative with Jushi Group's foreign shareholder. FY2006 sales to it were CNY 303.291 million, compared with CNY 291.117 million in FY2005; the main related-transaction section reports 15.04% of transactions of the same type. Other named related sales included CNY 66.053 million to Tongxiang Hengshi Fiberglass Fabrics, CNY 51.478 million to the CNBM import/export company and CNY 22.586 million to Jushi International Group (Canada). These reported sales are not an end-customer order book, and the note does not give the distributor's final customers. On the purchasing side, transactions included CNY 64.663 million with Tongxiang Leishi Micropowder, CNY 49.108 million with Tongxiang Jinshi Precious Metal Equipment and CNY 45.105 million with the Beixin building-material counterparty named in the note. The related-party list links several suppliers to the issuer's shareholders or key management. The report describes pricing by state-set prices and market prices and states that the directors considered the transactions fair; that is the issuer's assessment, not an independent conclusion by this database. Sales, purchases and year-end receivables measure different flows or balances and should not be added together as revenue.

Reported related-party sales transaction / 2006 / fy2006 named related sales gibson 2006

RMB 303,290,918.55

Reported related-party sales transaction / 2005 / fy2006 named related sales gibson 2005

RMB 291,116,954.53

Reported related-party sales transaction / 2006 / fy2006 named related sales hengshi 2006

RMB 66,053,237.66

Reported related-party sales transaction / 2006 / fy2006 named related sales cnbm import export 2006

RMB 51,478,290.18

Reported related-party purchase or service transaction / 2006 / fy2006 named related purchases leishi 2006

RMB 64,663,200.35

Reported related-party purchase or service transaction / 2006 / fy2006 named related purchases jinshi 2006

RMB 49,108,062.74

Reported related-party purchase or service transaction / 2006 / fy2006 named related purchases beixin building material 2006

RMB 45,104,923.38