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China JushiFY2008Subsidiaries and invested companies
FY2008 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 / fy2008-annual-selection-20261007

China Jushi FY2008: Subsidiaries and invested companies

Organizational roles, reported holdings, operating figures and reporting boundaries.

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 2008-12-31 / Filing published 2009-02-10
Content version 5 / aadc593d9b2b / PUBLISHED

Subsidiary earnings and ownership

Manufacturing earnings and listed-shareholder earnings differ

Jushi Group reported net profit of CNY 666.57 million in the subsidiary operating review. That figure covers the manufacturing subgroup, in which the listed issuer owned 51%; it is not profit attributable to listed-company shareholders. The consolidated income statement reported CNY 576.80 million total net profit, comprising CNY 244.42 million attributable to the parent company's owners and CNY 332.39 million attributable to minority shareholders. The listed parent alone reported a CNY 81.94 million loss. These distinct reporting boundaries matter when assessing who benefits from the manufacturing business.

Reported disclosureFY2008 annual report, p. 17 ↗FY2008 annual report, p. 37 ↗
Reported consolidated net profit / 2008 / consolidated total original vintage fy2008
RMB 576,803,782.6
Reported owner net profit / 2008 / listed owner original vintage fy2008
RMB 244,417,271.24
Reported minority net profit / 2008 / consolidated minority original vintage fy2008
RMB 332,386,511.36
Reported net profit / 2008 / listed parent alone original vintage fy2008
RMB -81,941,771.48
Reported subsidiary net profit / 2008 / jushi subgroup 51 percent held fy2008
RMB 666,571,800

A subsidiary ownership discrepancy remains explicit

The report consistently identifies the listed issuer's 51% interest in Jushi Group. For Beixin Technology Development, however, the management review and parent-company investment note show a 95% interest, while the year-end consolidation table shows 97.22% for ownership and voting rights. The same annual report supplies both percentages without a clear bridge. The Beixin operating review reports a CNY 9.36 million loss, but the differing ownership descriptions cannot be used to date an acquisition or infer an increase from one percentage to the other.

Reported disclosureFY2008 annual report, p. 17 ↗FY2008 annual report, p. 60 ↗FY2008 annual report, p. 91 ↗

Read the complete annual research snapshot

Sources and scope

What this guide establishes

  • 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.
  • This historical account covers the expansion of glass fiber production, process and development milestones, product economics and markets, construction and production capital, cash and working capital, funding, investment earnings and government support, ownership and shareholder decisions, related commerce, operating resources and audit scope. Plans, commissioning, annual capacity, accounting balances and cash movements retain their different meanings.
  • Important source differences remain explicit, including Beixin ownership, the printed product-margin direction, cash restrictions and availability, inventory arithmetic, capitalized-interest explanations, guarantee categories, pledged-loan dollar amounts and investment-component totals. The printed figures are not forced into unsupported reconciliations.
  • The account uses the original FY2008 reporting vintage; subsequent comparative restatements are separate evidence. The source does not establish exact coordinates, every permit, complete product specifications, line utilisation or all customer orders. Source-use basis and independent editorial review remain pending.
FY2008 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2009-02-10
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