Jushi Group Reports 60-80% Surge in Q1 2026
Source:China Composites Expo  May 19, 2026
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TONGXIANG, April 15, 2026 – Jushi Group Co., Ltd. today announced that it expects net profit attributable to shareholders of listed companies for the first quarter of 2026 to reach RMB 1.169 billion to RMB 1.315 billion, representing an increase of RMB 438 million to RMB 584 million compared to the same period last year, or year-on-year growth of 60% to 80%. The company attributed the strong performance to increased demand in major downstream application markets for fiberglass, coupled with higher sales volumes and prices.

In its 2025 annual report, Jushi Group reported operating revenue of RMB 18.881 billion, a year-on-year increase of 19.08%. Net profit attributable to parent company shareholders reached RMB 3.285 billion, up 34.38% year-on-year. After deducting non-recurring gains and losses, net profit attributable to parent company shareholders stood at RMB 3.482 billion, a substantial increase of 94.70% year-on-year.

In 2025, the company sold 3.2026 million metric tons of fiberglass roving and related products, an increase of 5.87% year-on-year. Electronic fabric sales volume reached 1.062 billion meters, a year-on-year increase of 21.37%.

While roving selling prices showed slight quarterly declines from the beginning of the year, fiberglass prices overall maintained year-on-year growth throughout 2025. Taking Taishan Fiberglass's 2400tex product as a benchmark, the average full-year price in 2025 was RMB 3,823.59 per ton, up 2.16% from the previous year.

Driven by new demand from the wind power, automotive, and electronics sectors, selling prices for Jushi's differentiated products such as electronic yarn continued to rise sequentially each quarter, maintaining strong year-on-year growth. The company currently holds approximately 28% of the electronic fiberglass production capacity in the market.

In 2025, Jushi commissioned several key projects, including: A 120,000-ton fiberglass technical upgrade production line in Tongxiang (early 2025); A 200,000-ton project at its Jiujiang Intelligent Manufacturing Base.

These additions have contributed to ongoing optimization of the company's product mix. With additional capacity milestones - including the full installation and commissioning of the world's largest single electronic fiberglass production line (the 100,000-ton electronic yarn line in Huai'an), the groundbreaking of the 100,000-ton project at the Chengdu Intelligent Base, and the cold-repair revamp of a 200,000-ton line in Tongxiang - Jushi's product structure optimization is expected to accelerate further.

About Jushi Group Co., Ltd.

Jushi Group is a leading global manufacturer of fiberglass reinforcement materials, serving applications including wind energy, transportation, electronics, construction, and industrial products. The company is listed on the Shanghai Stock Exchange.