According to the Open Source Securities Research Report, China Jushi is one of the largest glass fiber manufacturers in the world. The company's products cover 11 categories, including glass fiber products, glass fiber products for thermoplastics, and high-performance composite fibers, achieving full range coverage from low-end to high-end. The company has significant production capacity advantages and is in a leading position in domestic production and sales. At the same time, by optimizing raw material procurement and production processes, comprehensive costs have been significantly reduced. We have sufficient overseas production capacity, multiple overseas production bases and a perfect sales network, and our foreign business accounts for a high proportion of revenue and strong profitability. These advantages not only enhanced the company's market competitiveness, but also laid a solid foundation for its continued expansion in the global market. Currently, the glass fiber industry is at the bottom of history, but the company's revenue has bottomed out and stabilized in 2024. With the steady recovery of glass fiber prices, the company is expected to usher in a new period of growth. The first coverage gives a “buy” rating.

According to the Open Source Securities Research Report, China Jushi is one of the largest glass fiber manufacturers in the world. The company's products cover 11 categories, including glass fiber products, glass fiber products for thermoplastics, and high-performance composite fibers, achieving full range coverage from low-end to high-end. The company has significant production capacity advantages and is in a leading position in domestic production and sales. At the same time, by optimizing raw material procurement and production processes, comprehensive costs have been significantly reduced. We have sufficient overseas production capacity, multiple overseas production bases and a perfect sales network, and our foreign business accounts for a high proportion of revenue and strong profitability. These advantages not only enhanced the company's market competitiveness, but also laid a solid foundation for its continued expansion in the global market. Currently, the glass fiber industry is at the bottom of history, but the company's revenue has bottomed out and stabilized in 2024. With the steady recovery of glass fiber prices, the company is expected to usher in a new period of growth. The first coverage gives a “buy” rating.