China Jushi expects Q1 net profit to increase by 60%-80%, with both glass fiber sales volume and prices rising, driving a significant rebound in profitability | Earnings Report Insights

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China Jushi, a leading fiberglass company, released a performance forecast, with first-quarter profit growth reaching a recent high, confirming that the industry's boom cycle is accelerating recovery.

On Wednesday, China Jushi announced that it expects net profit attributable to shareholders of the listed company for the first quarter of 2026 to be between 1.169 billion and 1.315 billion yuan, an increase of 438 million to 584 million yuan over the same period last year, up 60% to 80% year-on-year. The company attributed the significant profit growth to increased demand in major downstream applications of fiberglass, leading to simultaneous increases in sales volume and pricing.

Net profit after deducting non-recurring gains and losses also recorded a year-on-year increase of 60% to 80%, ranging from 1.19 billion to 1.34 billion yuan, showing that the profit improvement is mainly driven by core business and the quality is relatively solid.

The company announcement stated that in the first quarter, demand in major downstream application fields of fiberglass increased, driving up both sales volume and price, supplemented by product structure optimization, technological innovation, and market expansion, jointly supporting performance growth in this period.

Simultaneous improvement in both volume and price is the key signal of this performance growth forecast. Fiberglass prices had previously been at a low level for a prolonged period; the simultaneous rise in volume and price indicates that the supply-demand dynamics in the industry are trending toward balance, and profitability flexibility among leading enterprises is particularly significant during a demand recovery.

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