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China JushiFY2017Overview
FY2017 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 commitmentsSite operations and environmental evidence
Annual business review / fy2017-chapter-close-20261006

China Jushi FY2017: Business overview

Annual operating overview and a source-linked guide to the detailed research topics.

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 2017-12-31 / Filing published 2018-03-20
Content version 15 / 3cfe6539528c / PUBLISHED

Explore this year by topic

Products and glass-fiber technologyProducts, applications, research and commercial progress.Manufacturing basesManufacturing footprint and disclosed production capabilities.Projects and construction progressNamed projects, stages, capacities and construction evidence.Subsidiaries and invested companiesOrganizational roles, reported holdings, operating figures and reporting boundaries.Markets, customers and suppliersProduct and geographic economics, channels and disclosed trading relationships.Cash generation and working capitalCash flows, receivables, inventory and accounting context.Debt and related-party balancesFunding, maturities and related-party settlement obligations.Operating risks and business commitmentsBusiness risks, guarantees, integration commitments and treasury oversight.Site operations and environmental evidenceWorkforce and site-level operating disclosures, permits and evidence gaps.

Business and operating model

Four-base production and an expanding materials business

Jushi manufactured glass fiber and related products, with fiber yarn its principal product. This business generated RMB 8.427139863 billion, or 97.41% of total revenue. Bulk raw-material procurement covered Tongxiang, Chengdu, Jiujiang and Egypt through joint negotiation and separate contracts. Domestic sales were mainly direct; overseas sales combined trading subsidiaries, distributors and direct sales. Production followed sales through a flexible scheduling model. The four-base description concerns the operating purchasing network in this report.

Reported disclosureFY2017 annual report, p. 9 ↗

Markets and operating development

Revenue growth was attributed to higher sales volumes

Operating revenue reached RMB 8,651,549,179.12, up 16.19%. Management attributed the increase mainly to higher sales volumes and linked higher production costs to materials and labour associated with those volumes. Sales work included developing larger customers, more responsive services and a trial of online sales. The operating account connects manufacturing and market development without allocating the entire growth to any one product, customer or investment.

Reported disclosureFY2017 annual report, p. 12 ↗FY2017 annual report, p. 11 ↗

Plans and reading context

Read the complete annual research snapshot

Sources and scope

What this guide establishes

  • This page presents selected business disclosures from the FY2017 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.
  • Important business pages 9–10, management pages 11–20, governance pages 21–52 and financial pages 53–140 have completed source-to-reader material-selection comparison. The financial review covers audit, consolidated and parent statements, relevant historical policies and taxes, all 55 consolidated notes and later entity, risk, related-operation, lease, distribution and supplementary sections. Ordinary procedural and accounting detail remains in the source archive. Original cost and depreciation differences, distributions, workforce counts, restricted-share dates, provision-expense bridges, project capacity and progress labels, and associate acquisition or equity presentations remain disclosed and unresolved. A prior unimported maturity draft was corrected after original-table column comparison; it is not a verified source conflict. Historical trade disclosures are dated issuer statements, not a current tariff determination. Source-use basis and independent editorial approval remain separate pending requirements.
FY2017 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2018-03-20
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