China Jushi FY2021: Manufacturing bases

Platinum-rhodium alloy bushings are used in the fiber-drawing stage. The annual policy describes periodic cleaning and reprocessing to maintain the required fiber quality; metal lost in the process enters product cost and reduces the asset. The issuer includes these bushings within fixed assets without ordinary depreciation. Their CNY 8,875,754,095.00 closing gross and net value is already part of CNY 24,587,816,587.31 of net consolidated fixed assets, rather than extra cash or ordinary finished-goods inventory. Total gross fixed assets of CNY 30,453,596,180.77, less CNY 5,865,778,292.00 accumulated depreciation and CNY 1,301.46 impairment, reconcile to the net total. The platinum-rhodium category records CNY 370,050,576.79 of sales and CNY 614,509,461.88 of other reductions. The reviewed note does not break the latter into production losses and other causes, so the entire reduction cannot be called metal consumed. Total construction transfers into gross fixed assets are CNY 4,636,038,341.53; total purchases are CNY 1,449,398,463.04. These are accounting movements and do not all equal cash capital expenditure. The fixed-asset table records CNY 1,202,921,210.38 of depreciation additions, distinct from the larger depreciation-and-depletion adjustment in the cash bridge. No cause for that difference is inferred from a matching label.

Reported gross fixed assets / 2021 / FY2021 consolidated construction/asset note; original scope and units. Accounting movements are not cash spending. Engineering progress and issuer investment to budget ratios are separate.

RMB 30,453,596,180.77

Reported accumulated fixed-asset depreciation / 2021 / FY2021 consolidated construction/asset note; original scope and units. Accounting movements are not cash spending. Engineering progress and issuer investment to budget ratios are separate.

RMB 5,865,778,292

Fixed-asset impairment allowance / 2021 / FY2021 consolidated construction/asset note; original scope and units. Accounting movements are not cash spending. Engineering progress and issuer investment to budget ratios are separate.

RMB 1,301.46

Reported net fixed assets / 2021 / FY2021 consolidated construction/asset note; original scope and units. Accounting movements are not cash spending. Engineering progress and issuer investment to budget ratios are separate.

RMB 24,587,816,587.31

Reported platinum-rhodium production assets / 2021 / FY2021 consolidated construction/asset note; original scope and units. Accounting movements are not cash spending. Engineering progress and issuer investment to budget ratios are separate.

RMB 8,875,754,095

Consolidated intangible assets close at CNY 1,122,014,733.63 gross cost, less CNY 206,034,560.67 accumulated amortization and CNY 108,376,460.90 impairment, leaving CNY 807,603,712.06 net. The net categories are land-use rights CNY 661,138,295.46, patents CNY 303,568.73, non-patented technology CNY 9,084,676.96, software-use rights CNY 60,538,137.24, mining rights CNY 5,676,534.45, energy-use rights CNY 45,994,952.74 and pollutant-discharge rights CNY 24,867,546.48. These values describe resources recognized in the accounts alongside the production assets. They are not extra capacity, cash or independent verification of each factory’s permits and precise footprint. The energy-use-right and discharge-right gross additions are CNY 14,810,184.04 and CNY 31,216,714.00; subsequent amortization means the additions differ from closing net rights. Software additions include CNY 6,279,697.97 transferred from construction, rather than all being direct purchases. Mining rights retain CNY 116,979,308.76 gross cost, CNY 2,926,313.41 accumulated amortization and the CNY 108,376,460.90 impairment already present in the opening column. That allowance is not a new FY2021 mining loss. Matching gross cost and amortization for the trademark and franchise categories does not establish that the business has no brand or operating know-how. Individual permit numbers, remaining allowed emissions and site-specific capacity are not supplied by this carrying-value table.

Gross intangible assets / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 1,122,014,733.63

Accumulated intangible amortization / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 206,034,560.67

Intangible impairment allowance / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 108,376,460.9

Reported consolidated intangible assets net carrying value / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 807,603,712.06

Reported consolidated intangible assets net carrying value / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 661,138,295.46

Reported consolidated intangible assets net carrying value / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 303,568.73

Reported consolidated intangible assets net carrying value / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 9,084,676.96

Reported consolidated intangible assets net carrying value / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 60,538,137.24

Reported consolidated intangible assets net carrying value / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 5,676,534.45

Reported consolidated intangible assets net carrying value / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 45,994,952.74

Reported consolidated intangible assets net carrying value / 2021 / FY2021 issuer consolidated rights/grants/tax note; stated scope and original unit. Accounting rights are not verified permits; receipts, income, deferrals, tax bases and tax amounts are distinct.

RMB 24,867,546.48

At year-end 2021, the report lists 130 employees at the listed parent and 13,197 at major subsidiaries, totaling 13,327. The role breakdown is 10,513 production staff, 110 sales staff, 1,792 technical staff, 74 finance staff and 838 administrative staff. This explains the substantial production workforce supporting furnaces and downstream operations, but is not a factory-by-factory allocation or a verified productivity measure. The research table elsewhere also reports 1,792 research personnel; matching numbers do not establish that its population and measurement period are identical to this year-end technical-role category. Labour outsourcing costs paid are separately reported at CNY 59,892,400, originally 5,989.24 ten-thousand CNY. Outsourced hours are marked not applicable, so no outsourced employee count or full-time equivalent is inferred. These outsourcing payments and staff counts have different units and populations; they cannot be added to headcount or treated as total group payroll. Routine attendance, educational publicity and generalized employee-development claims are omitted from the reader page while their original source remains available.

Reported employee headcount / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

130 persons

Reported employee headcount / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

13,197 persons

Reported employee headcount / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

13,327 persons

Reported employee headcount / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

10,513 persons

Reported employee headcount / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

110 persons

Reported employee headcount / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

1,792 persons

Reported employee headcount / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

74 persons

Reported employee headcount / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

838 persons

Reported labour outsourcing cost paid / 2021 / FY2021 issuer disclosure; named organizational scope and original unit retained. Historical reported values are not independent compliance, beneficial ownership or operational verification.

RMB 59,892,400

The other-current-assets note identifies Jushi USA’s 96,000-tonne-per-year alkali-free glass-fiber furnace-drawing line. It states that trial production began following furnace ignition on 18 May 2019. Unsold products made during the trial run had been moved into other current assets at estimated selling prices. The trial-product row shows CNY 23,643,999.23 in the opening comparative column, with the year-end cell blank; the note explicitly says these trial-production products had all been sold externally by 31 December 2021. That statement is about the identified trial-product pool. It does not mean all US output or all group inventory had been sold, that design capacity was achieved, that every customer had qualified the products, or that the sales proceeds had all been collected. The source does not provide a separate FY2021 revenue or cash amount for this pool, so the opening asset amount is not imported as new current-year sales, expense or closing inventory. The remaining CNY 137,128,305.76 other-current-assets total consists of uncredited VAT and prepaid taxes, not another trial-product balance. Manufacturing and subsidiary operating results retain their separate periods and scopes.