China Jushi Issues 2026 Ultra‑Short‑Term Bond, Boosting Liquidity and Growth

China Jushi Co., Ltd. Issues 2026 Ultra‑Short‑Term Financing Bond

China Jushi Co., Ltd. (ticker 600176), a leading manufacturer of advanced materials such as glass fibers and composite products, announced the successful issuance of its third ultra‑short‑term financing bond for the year 2026. The bond, priced at a face value of RMB 100 per 100 RMB of nominal value, was issued at a fixed rate of 1.53% and has a maturity of 247 days. The issuance commenced on 15 April 2026 and the proceeds were received on the same day.

The issuance was approved by the 2025 annual shareholders’ meeting held on 15 April 2026, which authorized the company and its subsidiaries to issue debt instruments within the limits set by applicable laws and regulations. The bond is part of a broader financing strategy that includes ultra‑short‑term notes, medium‑term notes and corporate bonds. All relevant documentation has been posted on the China Money Network and Shanghai Clearing House websites.

Company Performance and Market Position

Financial Highlights

• Market Capitalisation – CNH 132.1 billion.
• Close price (16 April 2026) – CNH 33.5.
• 52‑week high – CNH 34.5.
• 52‑week low (18 June 2025) – CNH 10.95.
• Price‑earnings ratio – 40.18.

China Jushi’s earnings trajectory remains robust. In 2025 the company reported a net profit after tax that rose 94.7 % year‑on‑year, a gain attributed to increased demand for its electronic‑grade glass fibre products. For the first quarter of 2026, management expects a profit growth of 60 %–80 % compared with the same period in 2025, reflecting the firm’s strong order book and tight inventory levels.

Industry Standing

• The company ranks among the largest glass‑fiber manufacturers in China, with a market share that places it third in the sector by market capitalisation.
• China Jushi’s product line—particularly ordinary electronic‑grade glass fibre fabrics—has experienced a significant price increase, with current quotes for ordinary electronic fabric reaching 6.2–6.5 CNY per meter, up 30 %–50 % from the October 2025 low.
• The firm’s inventory of ordinary electronic‑grade fabrics has fallen to just over a week, down sharply from the two‑month average recorded in October 2025.
• China Jushi is one of nine listed glass‑fiber manufacturing stocks that collectively command a market capitalisation exceeding 430 billion CNY, underscoring its importance to the materials sector.

Implications for Investors

The bond issuance provides China Jushi with additional liquidity to support its expansion plans, including a planned investment of approximately RMB 80 billion in a high‑performance electronic materials industrial park. The company’s continued profitability, coupled with a strong cash position and a favourable debt profile, suggests that the ultra‑short‑term bond will be a low‑risk addition to the portfolio of institutional investors seeking exposure to the high‑growth materials segment.

The firm’s inclusion among the top glass‑fiber manufacturers and its participation in the rapidly appreciating electronic‑fabric market reinforce its strategic position as a key supplier to sectors such as automotive electronics, artificial‑intelligence servers, and advanced packaging.

Regulatory and Disclosure Notes

The announcement is fully compliant with the disclosure requirements of the Shanghai Stock Exchange and the China Securities Regulatory Commission. All documents related to the bond issuance have been filed with the China Money Network (www.chinamoney.com.cn ) and the Shanghai Clearing House (www.shclearing.com ). The company has stated that the information disclosed is accurate and complete, and that the board of directors accepts joint responsibility for any misstatement or omission.