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China JushiFY2018Overview
FY2018 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 / fy2018-financial-acceptance-20261006

China Jushi FY2018: 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 2018-12-31 / Filing published 2019-03-21
Content version 15 / 08254139b817 / 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

Materials production linked to four operating bases

Glass fiber and related products generated RMB 9.53679658 billion, 95.06% of total revenue. Central bulk purchasing still covered Tongxiang, Chengdu, Jiujiang and Egypt. Sales guided flexible production; domestic deliveries were mainly direct, while overseas business combined trading subsidiaries, distributors and direct sales. The United States investment was still approaching ignition in the project discussion, so it is not inserted retrospectively into this four-base operating description.

Reported disclosureFY2018 annual report, p. 9 ↗FY2018 annual report, p. 14 ↗

Markets and operating development

Domestic and overseas markets

Operating revenue reached RMB 10,032,423,279.18. Domestic sales represented 55.08% of main-business sales, and the top five customers represented 13.16% of annual sales. Management described both production-efficiency work and developing major and strategic customers, with a rising proportion of higher-end products. The report does not give a numerical share for those higher-end products or identify all customers behind the concentration figure.

Reported disclosureFY2018 annual report, p. 15 ↗FY2018 annual report, p. 16 ↗FY2018 annual report, p. 14 ↗

Plans and reading context

Read the complete annual research snapshot

Sources and scope

What this guide establishes

  • Important business9-13, management14-22, governance23-56 and financial57-150 have completed material-selection comparison. Unexplained allowance and expense bridges, pledge wording and project capacity/stage differences remain preserved; selected-material completion does not reconcile them. Independent editorial approval and source-use permission are separate requirements.
  • 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.
FY2018 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2019-03-21
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