China Jushi FY2013: Business overview

The 2013 report describes completion of the Egyptian 80,000-tonne line in a year of slow industry growth, trade pressure and higher energy and labour costs. Operating revenue was RMB 5.2096413 billion. Glass fiber and related products generated RMB 4.837600384 billion, representing 94.14% of main-business revenue. Other trade generated the remainder. The figures show the materials business and trading activities separately; the first overseas factory does not mean every overseas sales organisation was a manufacturing site.

The FY2013 filing gives the listed issuer's official English name as CHINA FIBERGLASS CO., LTD., abbreviated CFG, with Shanghai A-share code 600176. This historical name identifies the report used for this China Jushi research record; it is not a separate glass-fiber company added to the database. The listed parent is also distinct from its manufacturing subsidiary Jushi Group and trading subsidiary Beixin Technology Development. The company introduction says the registered particulars did not change during FY2013. Its historical registered and office addresses were in Beijing. The separately disclosed board proposal to move headquarters to Tongxiang is therefore not substituted for a completed year-end registration change or a verified factory address. Earlier permitted-business-scope and shareholder-transfer histories provide context, rather than proof that every permitted activity was still generating FY2013 revenue.