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China JushiFY2012Subsidiaries and invested companies
FY2012 overviewProducts and glass-fiber technologyManufacturing basesProjects and construction progressSubsidiaries and invested companiesMarkets, customers and suppliersCash generation and working capitalDebt and related-party balancesOperating risks and business commitments
Annual business review / fy2012-selection-close-20261007

China Jushi FY2012: 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 2012-12-31 / Filing published 2013-03-15
Content version 12 / fa3f2cfeea3f / PUBLISHED

Subsidiary ownership and operating results

Jushi Group has a distinct ownership and operating perimeter

Jushi Group was the listed company's wholly owned glass-fiber manufacturing and selling subsidiary. Its FY2012 summary reports revenue of CNY 5,012,871,500, operating profit of CNY 445,165,400 and net profit of CNY 410,763,000. Reported assets were CNY 18,009,614,700, net assets CNY 6,194,039,400 and registered capital CNY 3,921,763,000. The table uses CNY 10,000, so these are scaled subsidiary figures, not separately added group results. The listed company owns Jushi Group, which in turn has manufacturing, input and trading subsidiaries; ownership of this entity is not a factory count. Its summary net profit is also distinct from profit attributable to its owners used in the restructuring compensation test. Acquisitions and capital contributions must be explained within their own recognition and cash perimeters rather than inferred from revenue or registered capital alone.

Reported disclosureFY2012 annual report, p. 16 ↗FY2012 annual report, p. 71 ↗FY2012 annual report, p. 129 ↗
Reported ownership percentage / 2012 / jushi group subsidiary
100%
Reported registered capital / 2012 / jushi group subsidiary
RMB 3,921,763,000
Reported subsidiary total assets / 2012 / jushi group subsidiary
RMB 18,009,614,700
Reported subsidiary net assets / 2012 / jushi group subsidiary
RMB 6,194,039,400
Reported subsidiary revenue / 2012 / jushi group subsidiary
RMB 5,012,871,500
Reported subsidiary operating profit / 2012 / jushi group subsidiary
RMB 445,165,400
Reported subsidiary net profit / 2012 / jushi group subsidiary
RMB 410,763,000

Beixin Technology Development has a distinct ownership and operating perimeter

Beixin Technology Development was 97.22% owned by the listed company and sold building-material products. Its FY2012 summary reports CNY 90,210,800 of revenue, an operating loss of CNY 10,689,900 and net profit of CNY 4,827,600. A positive net result therefore does not establish profitable day-to-day trading before nonoperating and other accounting effects; this summary alone does not bridge the difference. Assets were CNY 242,221,600, net assets CNY 59,461,200 and registered capital CNY 90,000,000. The minority interest remains separate from the parent's ownership. Beixin's subsidiary revenue is not interchangeable with the consolidated other-product, other-business or trading-industry classifications. Parent-only investment and dividend/receivable balances are separate accounting measures, not another set of group sales.

Reported disclosureFY2012 annual report, p. 16 ↗FY2012 annual report, p. 71 ↗FY2012 annual report, p. 129 ↗
Reported ownership percentage / 2012 / beixin technology development subsidiary
97.22%
Reported registered capital / 2012 / beixin technology development subsidiary
RMB 90,000,000
Reported subsidiary total assets / 2012 / beixin technology development subsidiary
RMB 242,221,600
Reported subsidiary net assets / 2012 / beixin technology development subsidiary
RMB 59,461,200
Reported subsidiary revenue / 2012 / beixin technology development subsidiary
RMB 90,210,800
Reported subsidiary operating profit / 2012 / beixin technology development subsidiary
RMB -10,689,900
Reported subsidiary net profit / 2012 / beixin technology development subsidiary
RMB 4,827,600

Read the complete annual research snapshot

Sources and scope

What this guide establishes

  • This page presents selected business disclosures from the FY2012 full annual report. It is not an exhaustive extraction of every disclosure.
  • 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.
  • Whole-year important selection covers historical issuer identity and control, product commercialization and qualification, production footprint and continuous resources, markets and trade exposure, subsidiary perimeters, major projects and source-specific construction differences, operating performance and working capital, assets and costs, borrowing, approved funding, shareholder compensation and guarantees, audit and internal-control scope. Historical dividend/date, customer-table and patent-application differences remain explicit. Important content selected by same-assistant original-source comparison; this is not independent editorial approval or a complete line-by-line translation. Source-use basis and independent editorial review remain pending.
FY2012 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2013-03-15
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