202607 China Jushi research key points:

English summary

### 202607 China Jushi research key points: Time: 2026-07-31 08:22:43 Content: 1. August 7628 fabric price increase 1.5 yuan, currently fabric is scarcer than yarn. The company no longer sells electronic yarn externally, building inventory. Electronic fabric sales expected 1.1 billion meters in 2026 (thin fabric accounts for over 20%; after 2028 thin fabric ratio raised to over 30%), 1.2-1.3 billion meters in 2027; current electronic fabric capacity totals 1.35 billion meters (9.6+3.9); electronic yarn capacity has planned 100K tons and 50K tons (corresponding to 42K tons fabric, 60% thin fabric), subsequent capacity arrangements will follow market conditions. 2. Special fabric is advancing verification, will adopt tank furnace route, preliminary planning (land, plant, equipment, etc.) not included in above capacity plan, mature one of four directions and advance one. 3. Looms currently locked Toyota 3,000-4,000 units (covering special fabric expansion), delivery starts from April 2027, with several hundred units expected to arrive in 2027. ...