Core Points - The company has announced its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information provided [3][5][45] - The company has approved a significant investment project for upgrading its glass fiber production line, with a total investment of 95,108.66 million RMB [28][41][48] - The company has provided guarantees for its subsidiaries, totaling 4.114 billion RMB, with no overdue guarantees reported [19][25][27] Financial Data - The financial report for the third quarter of 2025 is unaudited, and the company has confirmed the authenticity of the financial information [3][5] - The company has not reported any significant changes in its financial indicators or major non-recurring gains and losses [4][10] Shareholder Meeting - The shareholder meeting held on October 21, 2025, was conducted in compliance with legal regulations, with all resolutions passed unanimously [8][12][46] - The meeting approved the share repurchase plan, which includes details on the purpose, types, and funding sources for the repurchase [10][11] Investment Project - The investment project aims to upgrade the glass fiber production line from an annual capacity of 180,000 tons to 200,000 tons, enhancing operational safety and efficiency [30][36] - The project is expected to yield an estimated return on investment of 15.51% [41] Guarantee Information - The company has provided guarantees for its wholly-owned subsidiaries, including 35 million USD and 66 million USD for Giant Stone Hong Kong, and 20 million USD for Giant Stone USA [16][22][25] - The total amount of guarantees provided by the company is 4.114 billion RMB, representing 13.08% of the company's latest audited net assets [19][27]

Investment Overview - The project involves the cold repair and technical transformation of a glass fiber drawing production line with an annual capacity of 120,000 tons at Jushi Group Co., Ltd. [1] - The total investment for the project is approximately 880.9436 million RMB [1][4] - The production capacity has been adjusted from the original plan of 200,000 tons to 180,000 tons after the cold repair [1][3] Company Background - Jushi Group was established on June 28, 2001, and is located in the economic development zone of Tongxiang, Zhejiang Province [2] - The company is a limited liability company with a registered capital of approximately 5,255.313 million RMB [2] - Jushi Group holds 100% equity, with a focus on the production and sale of glass fiber and related materials [2] Financial Status - As of December 31, 2024, Jushi Group's total assets amount to approximately 43,910.9101 million RMB, with total liabilities of about 1,635.66629 million RMB, resulting in a net asset value of approximately 2,754.2472 million RMB [3] - The company's revenue for 2024 is reported at approximately 1,729.43134 million RMB, with a debt-to-asset ratio of 37.25% [3] Project Details - The project is located in the economic development zone of Tongxiang, utilizing already acquired land [3][4] - The construction period for the project is expected to be within one year, with the start date depending on market conditions and the operation of the existing production line [4] - The funding for the project will come from the company's own resources and bank loans [4] Impact on Company - The project aims to enhance production efficiency and energy utilization, while reducing operational costs and product defect rates [4] - The expected return on investment for the project is estimated at 17.16% before tax, although this does not constitute a commitment to project returns [4]