Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Fierce market competition and rising raw material prices in the multimedia business.

Mitigation Strategies

• Business integration, improved R&D, manufacturing and supply chain management capabilities, optimization of product mix.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Responsibility

Environmental Achievements

• Invested nearly RMB 37 million in environmental governance and protection in 2022.
• Wastewater, waste gas, and noise discharge, as well as solid waste disposal, met standards.
• Sewage treatment facilities are functioning well, and main pollutant discharge meets discharge standards.

Social Achievements

• Actively participated in public welfare activities and undertook social responsibilities.
• Protected the legal rights of debtors and employees.
• Treated suppliers, customers, and consumers in good faith.
• Improved working environment and promoted occupational skills for employees.
• Provided opportunities and platforms for employee development and growth.

Governance Achievements

• Complied with the Company Law, Securities Law of the PRC, Code of Corporate Governance for Listed Companies, Share Listing Rules of Shenzhen Stock Exchange, and relevant rules and regulations of the CSRC.
• Established and improved the internal control system.
• Established Inside Information and Insider Management System and Inside Information Reporting Management System.
• No major or significant deficiencies in internal control were identified.

Climate Goals & Targets

Environmental Challenges

• Economic downturn, decline in consumption, supply chain interruptions, and adjustment of macro-policy.
• Volatility of raw material prices, fierce competition among companies, low average retail prices of consumer electronic products, and rising shipping costs.
• Semiconductor business still in the small-lot production stage, failing to achieve corresponding revenue and profit.
• Macroeconomic environment led to reduced business in industrial parks and investment.

Mitigation Strategies

• Lean management to reduce costs and increase efficiency.
• Business restructuring by optimizing non-core business.
• Continued investment in R&D of semiconductor business.
• Divesting assets that did not contribute to the development of main business.
• Strengthening scientific and technological innovation and professional capacity building.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Chinese Patent Award of Excellence
• Guangdong Science and Technology Progress Award
• Science and Technology Achievement Award of Henan Province
• 2022 Ultra-Long Fresh-Keeping Leading Product Award of China’s Refrigerator Industry