China Jushi FY2022: Projects and construction progress

A 150,000-tonne-per-year chopped-strand line at Chengdu was ignited. The company described it as its second dedicated chopped-strand line and declared the Chengdu intelligent base fully built. This supplies a capacity and commissioning-stage update to the chopped-strand project disclosed in 2021. The line capacity is not added again as a separate base-wide total, and the passage does not supply its annual utilisation.

Annual production capacity

150,000 tonnes/year

The account names Jushi Group Chengdu’s 150,000-tonne-per-year chopped-strand glass-fiber line. The Chengdu location, implementing business and specific chopped-strand product connect it to the dedicated line discussed in the 2021–2022 operating narrative, rather than to the relocated-base roving components. Its budget is CNY 1,797,588,300. An opening CNY 35,298,293.13 plus FY2022 additions of CNY 1,010,327,986.45 equals CNY 1,045,626,279.58 transferred into fixed assets. The issuer reports 100% engineering progress and a 58% investment-to-budget indicator; the closing construction cell is blank. The narrative separately reports ignition and describes this as the second dedicated chopped-strand line. That product form serves different delivery requirements from continuous roving. The construction and ignition disclosures do not establish the line’s annual achieved production, utilization or customer-order volume, and the capacity is not added again as a base-wide total.

Reported construction budget / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 1,797,588,300

Reported construction carrying-value additions / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 1,010,327,986.45

Issuer-reported construction progress / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

100%

Issuer-reported investment-to-budget ratio / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

58%

Reported transfer into fixed assets / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 1,045,626,279.58

The Egyptian base's fourth roving line was successfully ignited. This updates the construction stage recorded in 2021 and preserves the explicit fourth-line identity. Ignition is the reported milestone; the passage does not provide stable design-output achievement, an exact start date or the line's capacity. Those require subsequent evidence rather than inference from the existing Egyptian base's total.

The report records establishment of a Huai'an subsidiary and the start of a proposed zero-carbon intelligent glass fiber manufacturing base. The location summary separately identifies Huai'an as under construction. This is the start of a new domestic base, distinct from a later electronic-yarn line and its separate wind-power project. Zero-carbon is the company's project description, not an independent life-cycle emissions certification established here.

Jushi Group Jiujiang’s intelligent manufacturing-base programme is named with planned annual glass-fiber capacity of 400,000 tonnes and a budget of CNY 5,075,718,000. Its opening construction balance is CNY 1,477,987.82, FY2022 additions CNY 1,693,843,083.01 and closing value CNY 1,695,321,070.83. Engineering progress is reported as 50%, with a separate 33% investment-to-budget indicator; the transfer-to-fixed-assets cell is blank, not a newly stored zero. The full operator and programme name identify the whole construction programme. It remains distinct from the base’s individual first phase and later production-line batches. The operating narrative’s installation activity and these programme accounts do not turn planned 400,000 tonnes into annual output or specify each individual furnace’s utilization.

Reported construction budget / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 5,075,718,000

Reported construction carrying-value additions / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 1,693,843,083.01

Issuer-reported construction progress / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

50%

Issuer-reported investment-to-budget ratio / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

33%

Reported closing construction carrying value / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 1,695,321,070.83

Phase I of the new Jiujiang base entered comprehensive installation and debugging. The report described progress in intelligent manufacturing construction in the central region. This is a new-base programme component, kept distinct from older Jiujiang line construction and cold repairs. Installation and debugging are not automatically a production-start statement or proof of achieved design output.

The Jushi Group electronic-materials cold-repair row covers annual capacities of 50,000 tonnes of electronic yarn and 160 million metres of supporting electronic fabric, with a budget of CNY 634,358,600. FY2022 additions and the closing construction account are both CNY 670,114,001.10; the opening and fixed-asset-transfer cells are blank. The issuer reports 30% engineering progress and a printed 12% investment-to-budget indicator. This is the electronic-materials repair account held in the project profile; the FY2022 table does not report completion or give a numbered phase, and later completion is not backdated into this account. Additions include accounting transfers under the table’s footnote and are not the separately described actual-investment measure; neither closing value divided by budget nor additions divided by budget substitutes for the printed 12%. No guessed corrected percentage or cash spend is supplied. This is refurbishment of an existing electronic-materials line, separate from the 100,000-tonne/300-million-metre new-build account and not automatically incremental group capacity.

Reported construction budget / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 634,358,600

Reported construction carrying-value additions / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 670,114,001.1

Issuer-reported construction progress / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

30%

Issuer-reported investment-to-budget ratio / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

12%

Reported closing construction carrying value / 2022 / FY2022 annual construction/asset table; reported scope and units. Accounting movement is not cash spending; reported progress and investment ratios are separate.

RMB 670,114,001.1

The intelligent base's third electronic-fabric line was ignited and put into production. The explicit third-line identifier and Tongxiang base connect this to the third electronic-materials phase progressing in 2021. The filing does not provide an individual realised-output figure in this passage. Its production milestone is kept separate from the wider base's completion statement.

After five years of construction, the company declared the Tongxiang headquarters intelligent manufacturing base complete. The report describes the third electronic-fabric line as successfully ignited and producing. This is a programme-level completion disclosure, following earlier records for individual roving and electronic-yarn phases. Statements of global leadership in this passage are management's assessment rather than an independently verified ranking.