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China JushiFY2023Site operations and environmental evidence
FY2023 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 / fy2023-counterparty-edges-20261005

China Jushi FY2023: 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 2023-12-31 / Filing published 2024-03-20
Content version 18 / 14786b140af3 / PUBLISHED

Environmental operating evidence

Environmental amounts belong to the named reporting entities

The FY2023 environmental table reports pollution information for Jushi Group and Jushi Chengdu. For Jushi Group it gives wastewater chemical oxygen demand of 87.31 tonnes, ammonia nitrogen of 2.78 tonnes, dust of 16.29 tonnes, sulphur dioxide of 124.44 tonnes and nitrogen oxides of 433.09 tonnes. The Chengdu row separately reports 15.96, 0.80, 1.58, 24.91 and 50.71 tonnes for those respective pollutants. The table labels the reported discharges as not exceeding the applicable limits. These are company-reported amounts, not an independently verified compliance finding. The named entities and outlet descriptions do not establish an individual furnace allocation or a complete group footprint. No emissions for Jiujiang, Egypt, the US or the under-construction Huai’an base are inferred from this table. Chemical oxygen demand measures the pollution load of wastewater; it is not the volume of water discharged.

Reported disclosureFY2023 annual report, p. 40 ↗

Treatment facilities and environmental spending support production

The annual report gives FY2023 environmental funding of CNY 232.45 million. It does not split that figure into operating expense and capital investment, so it cannot be treated as a budget for one construction project. Management says treatment facilities operated normally and reported no environmental violation. It describes wastewater pretreatment and reuse, exhaust treatment, noise controls and separate handling of hazardous and general solid waste. Monitoring combines automated outlets with third-party testing where automatic monitoring is absent. The report discusses environmental assessment and project acceptance supervision but provides no permit number or line-specific acceptance date in this passage. Those general statements are not evidence that every planned line had obtained its own approval or entered unrestricted operation.

Reported disclosureFY2023 annual report, p. 40 ↗FY2023 annual report, p. 41 ↗
Annual environmental funding, expense/capital split unspecified / 2023 / annual environment funding
RMB 232,450,000

Reported carbon reductions are not total emissions

The FY2023 annual report states that its carbon-reduction measures reduced emissions by 183,349 tonnes of CO2 equivalent. It identifies self-consumed photovoltaic electricity of 78.7224 million kWh and waste-heat steam of 1,198,302 gigajoules. These are different energy flows; electricity and steam are not added into a new energy-saving total. The passage does not give the calculation baseline, conversion factors or a complete Scope 1/2/3 inventory. Consequently, the reported reduction is not the company’s actual annual emissions, proof of a zero-carbon factory or an independently assured avoided-emissions estimate. Rooftop solar and waste-heat recovery are the disclosed operating measures; their output is not assigned to the separately developed wind project.

Reported disclosureFY2023 annual report, p. 42 ↗
Reported annual carbon reduction, baseline unspecified / 2023 / annual reported reduction
183,349 tonnes CO2e
Reported photovoltaic self-consumption / 2023 / annual pv self consumption
78,722,400 kWh
Reported waste-heat steam / 2023 / annual waste heat steam
1,198,302 GJ

Read the complete annual research snapshot

Sources and scope

What this guide establishes

  • This page presents selected business disclosures from the FY2023 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.
  • FY2023 operating figures retain original currencies, scopes and periods. Cash, bills, receivables, inventory and cash-flow notes reviewed as limited topics; material financial and management selection is complete. Bill settlements are not cash sales, investment cash is not project additions, overseas cash is not foreign-currency cash, and blank cells are not zero. Governance/environment/shareholder/bond scope, source ambiguities, source-use basis and independent editorial approval retain their separate status.
  • FY2023 construction budgets retain ten-thousand-CNY original units, while accounting movements retain CNY. Project progress, budget ratios, capacity plans, actual output and cash remain separate. Two Egyptian120,000-tonne rows remain distinct pending identity evidence; US goodwill sales and the US manufacturing company are not automatically merged. Whole material review completed; source-use basis and independent editorial approval remain pending.
  • FY2023 funding notes distinguish principal, accrued-interest carrying values, current maturity reclassification and operating payables. Grant income, deferred balances and currency movements reconcile with distinct scopes. Material review completed; source-use basis and independent editorial review remain pending; management risk-control claims are not independent covenant or funding assurance.
  • FY2023 subsidiary data retain yuan/ten-thousand-yuan original units, manufacturing/sales roles and direct/indirect interests; the blade associate income period starts after acquisition. Related transactions are selected issuer disclosures, not final-market demand or an investigation of counterparties. The finance-company carrying/principal difference is not separately explained in this note. Material review completed; source-use basis and independent editorial approval remain pending.
  • FY2023 parent-only accounts retain intercompany funding, dividends and investment income separately from consolidated operations. Geographic revenue is based on customer location; non-current asset geography excludes financial/deferred-tax assets. Nonrecurring profit includes tax/minority deductions, and dividend declarations are not cash payments. Whole material review completed; source-use basis and independent editorial review remain pending.
  • FY2023 statements distinguish cash, accrual distributions, current items, debt and operating obligations. Currency translation in equity, transaction exchange gains and cash effects are separate. Tax eligibility and rates are historical issuer disclosures. Disposal categories do not provide a complete itemized bridge; unknown differences remain isolated. Whole material review completed; source-use basis and independent editorial review remain pending.
  • FY2023 management discussion has been reviewed for material operating questions. National industry statistics and historical management price commentary are separate from Jushi sales and orders. Customer sales are not parent receivable balances. Whole material review completed; source-use basis and independent editorial review remain pending.
  • FY2023 material financial-note selection is complete. Land, energy-use and discharge-right balances are accounting assets, not independent confirmation of site permits or capacity. Deferred-tax assets, liabilities and unrecognized loss bases are not cash refunds or debt due immediately. Unitemized source differences remain isolated. Source-use basis and independent editorial review remain pending.
  • Named trading directions reflect selected FY2023 issuer disclosures and reused source-name identities. English names translated from Chinese are not independently certified registered English names. Counterparty relationships do not prove ownership, final demand, project allocation or settlement. Minor reciprocal categories are not assumed absent. Independent editorial and commercial source-use approval remain pending.
FY2023 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2024-03-20
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