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Annual business review / fy2022-material-inventory-20261005

China Jushi FY2022: Site operations and environmental evidence

Workforce and site-level operating disclosures, permits and evidence gaps.

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 2022-12-31 / Filing published 2023-03-21
Content version 20 / a5eae5798078 / PUBLISHED

Environmental operating conditions and energy

Environmental investment is a reported spending measure

Jushi reports CNY 289.22 million of environmental funding invested during FY2022, originally stated as CNY 28,922 ten-thousand. This identifies a financial commitment to environmental protection alongside expansion and normal manufacturing. The annual table does not allocate the amount to individual factories or projects, distinguish all capital assets from operating expense, or provide a reconciliation to cash paid. It should therefore be read as the issuer’s reported environmental investment measure, not automatically as a cash-flow line, the cost of a specific abatement plant or independently verified permit compliance. The environmental section supplies separate disclosures about wastewater, air emissions and energy reuse; those operational disclosures explain the manufacturing context without attributing every outcome to this one aggregate amount.

Reported environmental investment / 2022 / Issuer annual environmental investment table; not cash flow reconciliation or plant allocation.
RMB 289,220,000

Tongxiang wastewater and furnace air emissions have separate boundaries

The table labels this operation Jushi Group and describes wastewater pretreated before delivery to Tongxiang’s Shenhe sewage-treatment plant. It lists two wastewater outlets in the northwestern part of the factory. FY2022 actual wastewater chemical oxygen demand, or COD, is 105.79 tonnes against a stated approved annual amount of 1,200.425 tonnes; ammonia-nitrogen is 2.00 tonnes against 84.03 tonnes per year. COD and ammonia-nitrogen are different pollutant measures, not quantities of wastewater to add. For treated furnace air emissions the table lists fourteen outlets, one per production line: dust is 24.85 tonnes against an approved 222.974 tonnes per year, sulfur dioxide 113.55 against 215.059, and nitrogen oxides 388.62 against 803.336. The table marks these entries as not exceeding standards. Its concentration column contains applicable standard limits, not observed concentration readings; pH and smoke-blackness entries have no mass total. These are attributed annual disclosures for this named operation, not all Jushi factories worldwide, proof of every permit condition or a remaining capacity allowance for another project.

Wastewater chemical oxygen demand actual annual discharge / 2022 / Named Jushi Group operation in annual table; actual pollutant mass, not concentration limit or consolidated total.
105.79 tonnes
Wastewater ammonia-nitrogen actual annual discharge / 2022 / Named Jushi Group operation in annual table; actual pollutant mass, not concentration limit or consolidated total.
2 tonnes
Air dust actual annual discharge / 2022 / Named Jushi Group operation in annual table; actual pollutant mass, not concentration limit or consolidated total.
24.85 tonnes
Air sulfur dioxide actual annual discharge / 2022 / Named Jushi Group operation in annual table; actual pollutant mass, not concentration limit or consolidated total.
113.55 tonnes
Air nitrogen oxides actual annual discharge / 2022 / Named Jushi Group operation in annual table; actual pollutant mass, not concentration limit or consolidated total.
388.62 tonnes

Chengdu’s disclosed outlets and pollutants are a distinct operating scope

Jushi Chengdu’s wastewater is described as pretreated before entering the industrial park’s sewage-treatment plant, with one outlet in the southeastern part of the factory. The table reports actual FY2022 wastewater COD of 22.82 tonnes versus an approved 338.22 tonnes, and ammonia-nitrogen of 0.56 versus 30.44 tonnes. It separately lists three treated-air outlets, one per production line. Actual sulfur dioxide is 12.25 tonnes versus an approved 115.7959 tonnes, nitrogen oxides 22.93 versus 258.1736, and dust 0.55 versus 104.2364. The issuer marks each row as not exceeding standards. These actual mass totals and stated approved amounts retain the Chengdu scope; they are not measured concentration readings, global group totals or separately verified evidence that every construction or operating licence was in force. The outlet description supplies limited physical context, but an outlet’s corner within a factory is not an exact factory address or a coordinate for automatic project matching.

Wastewater chemical oxygen demand actual annual discharge / 2022 / Named Jushi Chengdu annual table; actual pollutant mass, not concentration limit or independent permit verification.
22.82 tonnes
Wastewater ammonia-nitrogen actual annual discharge / 2022 / Named Jushi Chengdu annual table; actual pollutant mass, not concentration limit or independent permit verification.
0.56 tonnes
Air sulfur dioxide actual annual discharge / 2022 / Named Jushi Chengdu annual table; actual pollutant mass, not concentration limit or independent permit verification.
12.25 tonnes
Air nitrogen oxides actual annual discharge / 2022 / Named Jushi Chengdu annual table; actual pollutant mass, not concentration limit or independent permit verification.
22.93 tonnes
Air dust actual annual discharge / 2022 / Named Jushi Chengdu annual table; actual pollutant mass, not concentration limit or independent permit verification.
0.55 tonnes

The associate’s blade and pipe operations must remain outside a consolidated emissions total

The same environmental table includes Lianyungang Zhongfu Lianzhong’s blade factory, pipe-and-tank factory and fifth blade factory. The investment disclosures identify Zhongfu Lianzhong as a 32.04%-owned associate, so the inclusion of its environmental rows does not make its sites wholly owned or turn their discharges into a consolidated Jushi glass-fiber-plant total. For the blade factory, actual versus approved amounts in tonnes are volatile organic compounds, or VOCs, 3.0575 versus 4.3678; styrene 0.01 versus 0.194; particulate matter 0.4373 versus 0.6245; domestic-sewage COD 6.65 versus 9.499; and suspended solids 4.911 versus 7.016. The pipe-and-tank factory reports VOCs 6.239 versus 9.175, styrene 3.3935 versus 4.9901, particulate matter 2.043 versus 3.004, COD 6.84 versus 9.12, and suspended solids 5.148 versus 6.864. The fifth blade factory reports VOCs 2.55 versus 3.751, particulate matter 0.086 versus 0.127, COD 1.215 versus 1.62 and suspended solids 0.81 versus 1.08. Domestic sewage is described as routed through the municipal network to Dapu Industrial Park’s treatment plant. The issuer marks the rows as not exceeding standards. Some outlets are shared between pollutant rows, so outlet counts should not be summed as independent stacks. The suspended-solids rows pair a wastewater limit with GB/T14675-1993, described in the source as a three-point comparative odor-bag method. This apparent standard-reference mismatch is retained as a source inconsistency, not silently replaced with a guessed standard. The disclosure does not provide an independently verified current compliance conclusion.

Treatment and monitoring claims explain operations without certifying each permit

Jushi says existing pollution-control facilities at the company and its subsidiaries operated normally in FY2022, discharged within standards and had no environmental violations. Its explanation describes pretreated wastewater reuse, air treatment before high-level release, equipment noise control and separate handling of hazardous and general solid waste. These processes relate directly to manufacturing costs and the ability to keep factories operating, but the passage supplies no quantified savings or independent inspection results. Management also describes supervising environmental-impact assessment and construction-completion acceptance, and observing the requirement for environmental facilities to be designed, built and put into use alongside the main project. That is an attributed process description, not a list of individual permit numbers, validity dates or all site-specific conditions. The company says principal outlets had automatic monitoring and other outlets were tested periodically by external environmental-testing organizations, with manual comparisons of online and self-monitoring data. Primary monitoring logs and individual acceptance documents are not supplied here. Emergency plans and drills are condensed as operating context; general environmental slogans are omitted. The distinction leaves concrete treatment and monitoring information available without turning the annual report into certification of every plant or project.

Solar self-use, recovered heat and claimed avoided emissions are different measures

Jushi reports 58,187,200 kilowatt-hours of self-used distributed photovoltaic electricity in FY2022, originally expressed as 5,818.72 ten-thousand kilowatt-hours. It also reports 1,711,779.7 gigajoules of steam energy generated using recovered heat. The second figure is an energy quantity in GJ, not tonnes of steam, and cannot simply be added to the electricity figure. The annual explanation describes a newly developed low-carbon product formulation, energy-saving fans and bushings, automatic furnace-pressure control, rooftop solar development and equipment-efficiency reviews at three domestic locations. These identify process and energy actions relevant to glass-fiber manufacturing, while design claims do not establish a measured saving for each machine or product. The table attributes an avoided-emissions figure of 229,231 tonnes of carbon-dioxide equivalent to the company’s reduction measures. It does not show the calculation baseline, emission factors, allocation by measure or independent assurance. That reported avoidance is not the company’s total Scope 1 or Scope 2 emissions, proof of a zero-carbon factory, or a basis for adding claimed solar and heat savings again. Meetings, quizzes and publicity activities are omitted. The annual report says a separate ESG report is issued regularly; this explanation covers the annual section only and does not claim review of that separate report.

Self-used photovoltaic electricity / 2022 / Annual reported distributed photovoltaic electricity self use; no independently verified emissions conversion.
58,187,200 kWh
Recovered-heat steam energy / 2022 / Annual reported waste heat generated steam energy in gigajoules, not tonnes of steam.
1,711,779.7 GJ
Reported avoided carbon-dioxide equivalent / 2022 / Issuer reported emissions avoidance; baseline/factors and independent assurance not supplied in annual table.
229,231 tonnes CO2e

Read the complete annual research snapshot

Sources and scope

What this guide establishes

  • This page presents material business disclosures from the FY2022 full annual report; it is not a sentence-by-sentence translation of every disclosure.
  • Material management, financial, governance, annual environmental/social, important-matter, ownership and bond inventories are reviewed by reader question. This is material selection, not a complete translation or independent approval.
  • Event dates may differ from the reporting year. Subsequent events disclosed in this annual report are dated explicitly; later annual outcomes are not inserted into this historical account.
  • The Chinese source was translated and compared with cited pages by the same assistant. Independent editorial approval and source-use basis remain pending; this is an internal research draft.
  • Capacity, physical output, sales, project budgets and construction accounting are distinct. Committee decisions are not commissioning; repairs are not automatically incremental capacity. Leadership claims, recognition, product development and following-year plans are attributed, not proven orders or achieved outcomes.
  • Investee tables retain organizational and currency scopes. Workforce covers parent/main subsidiaries at year-end, not average FTE or outsourced headcount. Incentive movements, expenses and distributions differ; proposed and approved/declared dividends do not establish a cash payment date.
  • Guarantees and bank wealth-management distinguish annual activity, outstanding balance, contract scope and income. The contract timing bridge is a disclosed-date calculation, not an issuer explanation or proof of risk-free cash recovery.
  • Environmental compliance/treatment/monitoring descriptions are issuer claims, not independently verified individual permits. Associate emissions remain separate; the printed standard-reference inconsistency remains unresolved. Claimed avoided emissions lack a shown baseline/factors; the separate ESG report is not reviewed.
  • Cash definitions and the complete operating-cash reconciliation, credit allowances, relocation claims and inventory composition are explained. Anonymous debtors remain anonymous; claims are not collected cash, and physical stock is not inferred from value. Manufacturing assets and all eight important construction accounts are explained; budget units, engineering progress and the qualified investment-ratio column remain separate. Land, energy and discharge-right carrying values and all eleven asset-grant rows are explained with cash/recognition/FX boundaries. Borrowing, bonds, bills and issuer maturity analysis are explained without double counting or treating the limited table as all future obligations. The organizational and mineral perimeter, subsidiary/minority cash scopes and associate investment are explained with distinct entities. Parent accounts, geographic, nonrecurring, FX, tax and goodwill scopes are explained in the material financial inventory.
  • Material related-party purchases, sales and balances are explained with current/prior columns, transaction directions and category boundaries. Three exact registry identities supplement reused counterparties; English translations from Chinese are working names. No outward partner research, inferred final orders or independent pricing assurance. Material financial and management inventories are reviewed; source-use and independent editorial approval remain pending.
  • Parent-only receivables, investments, income and cash are not additional consolidated external business. Nonrecurring bridges are arithmetic source-note reconciliations, not independently normalized profit; the selected-metal versus broader disposal-gain difference remains unitemized. Foreign monetary balances, translation outside net profit, signed finance FX and cash FX retain separate scopes. Historical tax rates/valuation assumptions are issuer disclosures, not current guidance or independent assurance. Source-use and independent editorial gates remain pending.
  • Selected recognition policies, equity distributions and ownership/control explanations are included. Equity distributions, combined cash dividends/profits/interest, parent cash, minority capital and later dividend proposals have separate scopes. Shareholder pledges are subsets of registered holdings; unknown beneficial/relationship details remain unknown. Upper control-chart percentages are not Jushi ownership. Material management and financial inventories are reviewed; source-use and independent editorial gates remain pending.
FY2022 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2023-03-21
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