Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Responsibility
• Employee Well-being
• Safety

Environmental Achievements

• Reduced carbon emissions by 36.85 tons indirectly through installing insulation on workshop cleaning agent tanks and by 160.04 tons indirectly through replacing high-pressure sodium lamps with LED lamps in the park.
• Planned upgrades to vacuum furnace water cooling system and pipeline optimization to further reduce carbon emissions.

Social Achievements

• Donated RMB 500,000 to the "Spring Breeze Action" to assist people in need.
• Participated in "linking villages" poverty alleviation work.
• Implemented employee well-being initiatives including EAP services and recreational activities.

Governance Achievements

• Achieved Shenzhen Stock Exchange information disclosure Class A rating.
• Awarded "Zhejiang Listed Company Best Internal Control Award"
• Implemented a comprehensive performance evaluation and assessment system.

Climate Goals & Targets

Environmental Challenges

• Macroeconomic and policy risks affecting downstream industries (steel, coal chemical, refining and chemical integration).
• Intense competition in equipment and gas sectors.
• Market risks in retail gas sales.
• Operational risks related to industrial gas safety, management of expanding operations, and stringent quality requirements from downstream clients.

Mitigation Strategies

• Closely monitoring macroeconomic and industrial policy changes, enhancing risk response capabilities, and expanding into new energy and other sectors.
• Strengthening technological innovation, improving product and service quality, enhancing brand influence, and optimizing cost management.
• Optimizing resource allocation, diversifying retail business models, and increasing sales to long-term customers.
• Improving safety and quality control systems, strengthening group management, and utilizing digital platforms for enhanced control.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Safety Production Standardization Level 1 Enterprise
• National Safety Culture Construction Demonstration Enterprise
• Zhejiang Provincial Safety Culture Construction Demonstration Enterprise
• National Ankang Cup Competition Winner
• Zhejiang Provincial Ankang Cup Competition Winner
• Hangzhou Municipal Health Unit
• Zhejiang Provincial Green Enterprise
• Hangzhou Municipal Top Ten Environmental Protection Enterprises

Environmental Metrics

ESG Focus Areas

• Environmental Protection
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Achieved National-level Green Factory title in 2023.
• Reduced carbon emissions through energy saving and emission reduction measures in production processes.

Social Achievements

• Continued support for Hangzhou's Spring Breeze Action through donations.
• Consolidated and expanded achievements in poverty alleviation and rural revitalization through purchasing agricultural products and promoting tourism in supported areas.

Governance Achievements

• Received Shenzhen Stock Exchange's A-class rating for information disclosure in 2023.
• Established an ESG management system.

Climate Goals & Targets

Environmental Challenges

• Fluctuations in sales volume and prices of retail gas business due to market supply and demand.
• Increased compliance risks due to the expansion of the gas business.
• Competition in the equipment and gas industries.
• Macroeconomic and policy risks affecting downstream industries.

Mitigation Strategies

• Strengthening safety and quality control systems, enhancing group management capabilities, and utilizing remote monitoring and safety platforms.
• Improving cost management and enhancing product and service quality.
• Expanding business models and sales regions, enriching product categories, and improving service systems.
• Closely monitoring macroeconomic and industrial policy changes, increasing investment in dual-carbon industries, and enhancing market development capabilities.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• National-level Green Factory

Environmental Metrics

ESG Focus Areas

• Environmental protection
• Social responsibility
• Governance

Environmental Achievements

• Reduced energy consumption by over 14.8% in the plate heat exchanger company's 2# vacuum brazing furnace, saving approximately 950 tons of CO2 emissions annually.
• Successfully connected the first photovoltaic power generation project at Quzhou Hangyang Donggang Gas Co., Ltd., exploring the use of building roof resources to develop clean energy.

Social Achievements

• Improved employee rights protection by implementing standardized management and providing career development channels.
• Strengthened safety production and employee health by establishing a health and safety management system (ISO45001) and environmental management system (ISO14001).
• Consolidated and expanded poverty alleviation achievements and contributed to rural revitalization by purchasing agricultural products from various regions.

Governance Achievements

• Improved corporate governance structure and internal control system.
• Implemented the 2022 annual equity distribution plan.
• Maintained communication and interaction with investors through various channels.

Climate Goals & Targets

Environmental Challenges

• Complex domestic and international political and economic situations.
• Intensified industry competition in both equipment and gas sectors.
• Fluctuations in sales volume and prices of retail gas business.
• Increased operational and management risks due to the expansion of gas business.
• Increased quality risks due to the increasing demands for gas purity and quality from downstream customers.

Mitigation Strategies

• Closely monitoring macroeconomic and industrial policy changes.
• Improving response and adaptability to policy changes.
• Enhancing technological innovation capabilities.
• Optimizing product and service quality.
• Strengthening cost management and exploring green and energy-saving development paths.
• Improving safety and quality control systems.
• Strengthening group management and control capabilities.
• Improving technical and quality management levels.
• Optimizing resource allocation and expanding retail market.
• Increasing the proportion of terminal and long-term customers.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• China Quality Award Nomination Award
• National Science and Technology Progress Award First Prize
• China Machinery Industry Science and Technology Progress Award First Prize
• Zhejiang Top 100 Manufacturing Enterprises
• National Model Enterprise for Safety Culture Construction
• Zhejiang Model Enterprise for Safety Culture Construction
• National Ankang Cup Competition Winner
• Zhejiang Ankang Cup Competition Winner
• Hangzhou Healthy Unit
• Zhejiang Green Enterprise
• Hangzhou Top Ten Environmental Protection Enterprises