Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Environmental Protection
• Employee Well-being
• Corporate Governance

Environmental Achievements

• Reduced water consumption to 28,800 m³ in 2021.
• Reduced energy consumption to 2,137,300 MWh in 2021.
• Implemented measures for recycling, waste reduction, and resource recovery; hazardous waste handled by qualified companies.
• Used electric forklifts and built a photovoltaic power generation and energy storage electric vehicle charging station to encourage employee use of electric vehicles.

Social Achievements

• Organized employee welfare activities (Mid-Autumn Festival, Spring Festival, annual sports meet, departmental and company-wide expansion activities, quarterly birthday parties, and democratic life meetings).
• Implemented employee training programs.
• Donated RMB 200,000 to Wenshang No. 1 Middle School, RMB 50,000 to Shenzhen University of Technology, and RMB 300,000 to Shandong University Education Foundation.

Governance Achievements

• Established a complete corporate governance structure including the shareholders' meeting, board of directors, supervisory board, and four specialized committees under the board of directors.
• Established a management platform based on MES, CRM, PLM, ERP, and OA systems to improve production efficiency and management decision-making efficiency.
• Complied with information disclosure regulations and actively communicated with investors through various channels.

Climate Goals & Targets

Environmental Challenges

• Technological advancements and product updates.
• Shortage of technical R&D personnel.
• Risk of technology leakage.
• Project contract delays.
• Product price decline.
• Fluctuations in raw material prices and supply risks.
• Impact of downstream photovoltaic and wind power industry subsidy policies.
• Market development space may not meet expectations.
• Changes in tax preferential policies.
• Large inventory balance.
• Decline in gross profit margin.
• Macroeconomic risks (US-China trade war, COVID-19 pandemic).
• Increased industry competition.

Mitigation Strategies

• Actively upgrading product technology and improving production processes.
• Optimizing talent management systems and strengthening R&D personnel incentives.
• Establishing a complete product quality control system.
• Improving supply chain management and production efficiency.
• Promoting intelligent manufacturing.
• Implementing measures to mitigate risks associated with raw material price fluctuations and supply chain disruptions.
• Developing alternative sourcing strategies.
• Closely monitoring macroeconomic conditions and policy changes.
• Strengthening internal control systems and risk management.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Eighth Shandong Provincial Governor's Quality Award