Gaush Meditech Ltd ৷ൖᔼᐕ߅ҦϞࠢʮ̡
Climate Impact & Sustainability Data (2019-12-31 to 2022-06-30)
Reporting Period: 2019-12-31 to 2022-06-30
Environmental Metrics
Climate Goals & Targets
Medium-term Goals:
- Improve production capacity and strengthen manufacturing capabilities within two years from the Listing.
- Expand sales and marketing within two years from the Listing.
Short-term Goals:
- Improve research and development capability and accelerate the commercialization of patents within two years from the Listing.
Environmental Challenges
- Temporary disruption to business and marketing efforts in China in 2020 due to the COVID-19 pandemic.
- Recent COVID-19 resurgence causing delays in placing orders for products and limiting sales and marketing activities.
- Intense competition from domestic and international competitors.
- Complex and evolving laws and regulations in the PRC ophthalmology medical device industry.
- Challenges in acquisition integration.
- Risks of product recall, returns or exchange.
- Potential quality defects in products.
- Risks of doing business globally.
- Seasonal fluctuations in results of operations.
- Risks of product liability claims.
- Risks related to intellectual property rights.
- Risks relating to conducting business in China.
- Risks relating to the Global Offering and our Shares.
Mitigation Strategies
- Implemented measures to mitigate the impact of the COVID-19 pandemic.
- Implemented a compliance program to address deficiencies in internal controls.
- Actively developing new Proprietary Products and striving to cover all major ophthalmic product lines.
- Established a comprehensive quality control and assurance system.
- Utilizing risk management tools, including hedging, to mitigate foreign currency risk.
- Implemented certain measures to manage inventory levels.
- Engaged a compliance advisor to advise on ongoing compliance requirements.
Supply Chain Management
Responsible Procurement
- Require suppliers to provide product quality inspection reports.