Luzhou Jinliang Glass Fiber Co., Ltd.
Basic Information
Luzhou Jinliang Glass Fiber Co., Ltd. was founded on August 31, 2022, with a registered capital of RMB 12 million. The legal representative is Qi Zhengliang.
Business Scope
Manufacturing of glass fiber and glass fiber products.Sales of glass fiber and glass fiber products, as well as import and export of goods. (Unless otherwise required by law for project approval, the company may independently conduct economic activities in accordance with its business license.)Licensed items: Power supply services. (For projects subject to legal approval, implementation shall be based on the approval documents or permits issued by the relevant authorities.)Address: No. 79, Chengnan Street, Yuchan Sub-district, Luxian County, Luzhou City, Sichuan Province.
Company Shareholders: Zhejiang Lanliang Industrial Co., Ltd. has contributed RMB 10.8 million, accounting for a 90% shareholding. Qi Zhengliang has contributed RMB 1.2 million, holding a 10% stake.
Investment Overview
In September 2022, Luzhou Jinliang Glass Fiber Co., Ltd. initiated an investment project totaling RMB 32 million, adopting advanced all-electric melting glass furnace production technology. The investment is implemented in two phases: Phase I: With an investment of RMB 12 million, a production line for 475-type glass balls was constructed, with an annual output capacity of 18,000 tons. Phase II: With an investment of RMB 20 million, the project will involve building one 24-square-meter glass furnace, one 8-square-meter glass furnace, 6 crystal glass annealing lines, and 3 glass wool production lines. Upon completion, the annual output of crystal glass slab materials will reach 5,500 tons.
Other Key Projects
In October 2023, the company obtained approval for the "Electric Energy Substitution" project from three provincial-level authorities: the Sichuan Provincial Department of Economy and Information Technology, the Sichuan Provincial Development and Reform Commission, and the Sichuan Provincial Energy Bureau. This approval allows the company to enjoy preferential government policies on electricity tariffs.
Major Downstream Customers
The company’s major downstream customers include Chongqing Zaisheng Co., Ltd., China National Building Materials Nanjing Fiberglass Research & Design Institute Co., Ltd., Qinaidongxiang Glass Fiber Co., Ltd., Yulin Tianshengyuan Glass Fiber Co., Ltd., and other related enterprises.
Operational Performance
During the trial production period from June to December 2023, the company achieved a revenue of RMB 29.4 million. From January to November 2024, the company recorded sales revenue of RMB 34.71 million and output value-added tax (VAT) of RMB 4.51 million. By November 2023, the company had realized annual profits and taxes of RMB 1.06 million. The projected sales volume for 2025 is RMB 70 million.
Luzhou Jinliang Glass Fiber Co., Ltd. was founded on August 31, 2022, with a registered capital of RMB 12 million. The legal representative is Qi Zhengliang.
Business Scope
Manufacturing of glass fiber and glass fiber products.Sales of glass fiber and glass fiber products, as well as import and export of goods. (Unless otherwise required by law for project approval, the company may independently conduct economic activities in accordance with its business license.)Licensed items: Power supply services. (For projects subject to legal approval, implementation shall be based on the approval documents or permits issued by the relevant authorities.)Address: No. 79, Chengnan Street, Yuchan Sub-district, Luxian County, Luzhou City, Sichuan Province.
Company Shareholders: Zhejiang Lanliang Industrial Co., Ltd. has contributed RMB 10.8 million, accounting for a 90% shareholding. Qi Zhengliang has contributed RMB 1.2 million, holding a 10% stake.
Investment Overview
In September 2022, Luzhou Jinliang Glass Fiber Co., Ltd. initiated an investment project totaling RMB 32 million, adopting advanced all-electric melting glass furnace production technology. The investment is implemented in two phases: Phase I: With an investment of RMB 12 million, a production line for 475-type glass balls was constructed, with an annual output capacity of 18,000 tons. Phase II: With an investment of RMB 20 million, the project will involve building one 24-square-meter glass furnace, one 8-square-meter glass furnace, 6 crystal glass annealing lines, and 3 glass wool production lines. Upon completion, the annual output of crystal glass slab materials will reach 5,500 tons.
Other Key Projects
In October 2023, the company obtained approval for the "Electric Energy Substitution" project from three provincial-level authorities: the Sichuan Provincial Department of Economy and Information Technology, the Sichuan Provincial Development and Reform Commission, and the Sichuan Provincial Energy Bureau. This approval allows the company to enjoy preferential government policies on electricity tariffs.
Major Downstream Customers
The company’s major downstream customers include Chongqing Zaisheng Co., Ltd., China National Building Materials Nanjing Fiberglass Research & Design Institute Co., Ltd., Qinaidongxiang Glass Fiber Co., Ltd., Yulin Tianshengyuan Glass Fiber Co., Ltd., and other related enterprises.
Operational Performance
During the trial production period from June to December 2023, the company achieved a revenue of RMB 29.4 million. From January to November 2024, the company recorded sales revenue of RMB 34.71 million and output value-added tax (VAT) of RMB 4.51 million. By November 2023, the company had realized annual profits and taxes of RMB 1.06 million. The projected sales volume for 2025 is RMB 70 million.