明冠新材料股份有限公司
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental protection
- Social responsibility
- Corporate governance
Environmental Achievements
- Developed high-performance, cost-effective components for photovoltaic power generation; reduced carbon emissions through the use of electric forklifts instead of diesel forklifts; photovoltaic power generation contributed 1,567,220 kilowatt-hours of green electricity.
Social Achievements
- Donated 3 million RMB to the Jiangxi Provincial Red Cross Society; provided financial assistance to five students; organized employee participation in medical and health volunteer services.
Governance Achievements
- Established a complete and sound corporate governance structure; established an effective communication mechanism with investors; strictly fulfilled the information disclosure obligations of listed companies.
Climate Goals & Targets
Environmental Challenges
- Fluctuations in the prices of raw materials used in the production of photovoltaic backplanes and aluminum-plastic films; high prices of PVDF film; intense competition in the photovoltaic backplane and aluminum-plastic film industries; large proportion of receivables; potential risks associated with the disposal of shares in Bocreang Hongyuan.
Mitigation Strategies
- Adjusted the production and sales structure of photovoltaic backplanes and films; increased the proportion of BO-type backplanes; promoted the use of domestically produced and independently produced raw materials for aluminum-plastic films; implemented cost reduction measures; strengthened inventory management; accelerated the construction of the fundraising project; implemented management post optimization; adjusted the structure of direct and indirect production personnel; optimized production processes to improve yield; improved digital management; established an ESG system.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- High-reflection backplanes
- POE films
- Aluminum-plastic films
Awards & Recognition
- National-level specialized and new "small giant" enterprise