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Annual performance
The Company demonstrated outstanding performance in product research and development, environmental sustainability, and supply chain management. Through continuous technological innovation and product efficiency optimization, a total of 762 million kWh of energy savings was achieved during the year, successfully reducing approximately 370,000 metric tons of CO₂-equivalent emissions. This fully reflects the Company’s core capability of driving carbon reduction through innovation and advancing sustainability through research and development.
At the same time, from 2011 to 2024, the Company has maintained a 100% compliance rate in product hazardous substance testing for 14 consecutive years, underscoring its strong commitment to product safety, environmental protection, and consumer health. In terms of intellectual assets, the Company has cumulatively obtained 3,429 patents, reflecting years of dedicated R&D efforts and strengthening its competitive advantage in global markets. Supply chain management has also delivered strong results, with both the approval rate for newly introduced suppliers and the annual supplier audit pass rate reaching 100%, demonstrating the Company’s use of rigorous standards and regular audits to ensure supply chain quality, responsibility, and sustainability performance.
In addition, the Company has actively deepened local collaboration, achieving a local procurement ratio of 72% and a local delivery ratio of 93%. This not only shortens logistics distances and reduces environmental impact, but also promotes the development of local industries. Taken together, these achievements demonstrate the Company’s comprehensive management capabilities in environmental performance, product responsibility, and supply chain sustainability, as it continues to move toward becoming a sustainability benchmark enterprise.
762 million kWh
Product R&D energy saving performance
3429
Cumulative number of patents granted
100 %
New Supplier Evaluation Pass Rate
100 %
Annual Supplier Audit Pass Rate
Management Practices
Sustainable supply chain management practice is a series of actions in the traditional supply chain that incorporate environmental protection, social contribution and maintaining organizational economy, including the Company's internal and external practices, and can achieve true sustainability of the supply chain from the environmental, social and economic aspects. The scope of implementation of sustainable supply chain management practices ranges from green procurement to product life cycle management supply chain, from suppliers all the way to manufacturers and customers, strengthening the relationship between partners, including the flow of goods, information flow and sustainable practices.
According to the latest survey of global CEOs by PwC, supply chain disruption is one of the top 10 threats to enterprises, and more than 50% of CEOs have begun to adjust their supply chain management and procurement strategies. Sustainable supply chain has become an important link for enterprises to practice continuous operation. Procurement management is a key mechanism for enterprises to demonstrate social responsibility and drive the supply chain to achieve sustainable goals. The National Institute of Standards and Technology (NIST 800-161) supply chain risk management practice also lists sustainability as a key issue in risk management.
The Company divides sustainable supply chain management into three main aspects: Sustainable norms, risk identification and management mechanisms. After the Company sets the basic sustainable norms for suppliers to follow, it uses risk identification tools to find high-risk factors and supplier industries, and then uses various management mechanisms to improve supply chain management.
Sustainable Supply Chain Norms
The Company refers to the Code of Conduct of the Responsible Business Alliance (RBA), the "UN Guiding Principles on Business and Human Rights", the "Declaration on Fundamental Principles and Rights at Work" and the "Universal Declaration of Human Rights" of the International Labor Organization and other international norms to formulate supply chain management procedures, requiring all suppliers to ensure that their business conduct in labor rights, health and safety, environment, business ethics and management systems complies with the Company's standards and commitment letters, and fully complies with the laws and regulations of the region where they operate.
The Company expands its determination and mission to implement corporate social responsibility to suppliers who work closely with the business. We gradually incorporate corporate social responsibility clauses into supplier contracts, with the long-term goal of requiring 100% of suppliers to fulfill ESG clauses. If suppliers violate the regulations of the clauses, we will require them to make improvements within a time limit, and those who seriously violate the regulations may have their cooperation terminated and cancelled. We continue to communicate and convey social responsibility related information to suppliers, encouraging suppliers to develop materials that reduce environmental impact or carry out energy saving and carbon reduction from the process or equipment to create a win-win partnership.
The Company’s procurement personnel will conduct evaluations on new suppliers according to the new supplier evaluation form, including audits of suppliers' social, environmental and governance performance. New suppliers must pass the evaluation and be approved by the unit supervisor before procurement personnel can register them in the "Qualified Supplier List". For existing suppliers, the Company distributes supplier audit questionnaires once a year to review and evaluate suppliers' corporate social responsibility performance and confirm that suppliers comply with the Company's supply chain norms and can be the object of continued cooperation.