Climate Change Data

Environmental Metrics

ESG Focus Areas

• Carbon peaking and carbon neutrality
• Social responsibility
• Corporate governance
• Safety management

Environmental Achievements

• ALPD® laser projection solutions ran 188 million hours in total, saving a total of 338 million kWh power consumption, and reducing about 148 million cubic meters of carbon dioxide emissions arising from power generation
• No environmental violations in 2021, with the total emissions of waste gas and wastewater not exceeding the standards
• Average water consumption and the average electricity consumption per product decreased by 33.33% and 28.61% on a year-on-year basis respectively at Shenzhen Bao’an Plant
• 11% reduction in overall energy saving and emission reduction for the internal data center

Social Achievements

• 50% year-on-year growth for own-brand household business
• Supported Shenzhen government for the urban strategic construction of a “child-friendly city”, receiving 5 batches of 97 visitors from the Children’s Public Welfare Visit Project
• Made contributions to the establishment of adolescent creative space in Qianxi City, Guizhou Province
• Launched two restricted share incentive plans
• Total number of employees reached 1,565, up nearly 34% over that of the previous year

Governance Achievements

• Established and improved an integrated ESG management, communication, and coordination mechanism
• Established four special committees under the Board of Directors
• Disclosed 209 announcement documents in 2021
• Obtained the “Safety Production Standardization Certificate”

Climate Goals & Targets

Environmental Challenges

• Repeated outbreak of the epidemic in China
• Risks that core suppliers cannot supply parts promptly
• Risks of impairment of accounts receivable, inventories, and fixed assets
• Risk of increasingly fierce market competition
• Risks in intellectual property rights
• Risks in implementing investment projects
• Risks in the management of cinema light source
• Risks in the arbitration with GDC

Mitigation Strategies

• Constantly enhance our resilience to move forward
• Developed alternative sourcing strategies
• Implemented risk prevention and control into the whole process of enterprise operation
• Minimize costs to promote popularization of laser mini projectors
• Implement two strategies to improve the competitive of own-brand products
• Work with leading customers to promote the early large-scale implementation of the vehicle-mounted display business
• Explore new application scenarios

Supply Chain Management

Responsible Procurement

• choose to purchase environmentally friendly raw materials

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• ALPD® phosphor laser display technology

Awards & Recognition

• 2020 Shenzhen Mayor Award of Science and Technology
• 2021 Leader in Quality Development
• Gold Award of Guangdong Patent Award for four consecutive years
• Advanced Grass-root Party Organization of Shenzhen