中复神鹰(688295):2025年环境、社会及治理（ESG）报告（英文版）
原标题:中复神鹰:2025年环境、社会及治理（ESG）报告（英文版） Jian Zhang, Chairman of Zhongfu Shenying industry peers, universities, and research institutes — from joint research to cooperation across the industry chain, from resource sharing to standards advancing — stringing individual links together to build an industrial ecosystem with a nascent yet promising landscape. Company Profile Corporate Culture Zhongfu Shenying was established in 2006 and is a national In January 2018, Zhongfu Shenying was awarded the 2017 Zhongfu Shenying actively practices the corporate culture high-tech enterprise specializing in the research, production National Science and Technology Progress Award as the first of China National Building Material Group, adhering to the and sales of carbon fibers and their composite materials. It is completing unit. At the end of 2021, the Xining ten-thousand- corporate mission of "Materials Create the World". It innovates a Fortune 500 company under the management of the State- ton carbon fiber project was selected as one of the top ten through inheritance, cultivates through practice, and actively owned Assets Supervision and Administration Commission of super projects of the State-owned Enterprises under the fosters a corporate culture with unique Zhongfu Shenying the State Council - China Construction Materials Corporation. Administration Commission. In 2025, the company's revenue characteristics. On April 6, 2022, it successfully listed on the Shanghai Stock and profitability will significantly increase, its role as an Exchange (stock symbol: Zhongfu Shenying, stock code: 688295). innovation entity will continue to strengthen, and its market value and price-earnings ratio will outperform the market. As The company possesses mature technology for producing of now, it has built three advanced manufacturing bases in "Little Giant" Enterprise (2025) Typical Practice of Listed Company Board (2022) Central SOEs One Core Sustainable Development Strategy With technological innovation as the core, market demand as the guide, and quality upgrading as the goal, we strengthen the application of green product attributes in the development of the value chain and strive to promote high-quality, low-carbon development in society.Promoting Green Production through Technology Driving the Circular Economy through InnovationImprove resource use efficiency through technological upgrades, reduce Fully integrate the concept of a circular economy, accelerate the improvement of pollutant emission levels, adjust the energy structure using clean energy resource recycling efficiency and cascaded energy utilization, commit to creating technologies, implement clean production, reduce the carbon footprint of our "Zero-emission" factories, promote the development of a circular economy in the products, and demonstrate corporate responsibility in supporting national "Dual industry, and strive to achieve green and high-quality development goals. Carbon" goals and responding to global climate change. Tapping into High-end Markets through Quality Building an Excellent Team through TalentIn line with market development needs, continuously build a solid R&D Safeguard employee rights, ensure employee health and safety, provide a foundation, pursue high-quality products and services, actively respond to secure working environment, and enhance employee happiness and sense of the concerns of domestic and international markets regarding the Company's belonging; create career development paths tailored to employees' growth sustainable development performance, and explore new high-end markets. aspirations,?deepening?employee care initiatives to attract and cultivate?high- caliber talent. Building Long-term Operations through Governance Continuously strengthen our responsible corporate image, enhance the capacity building and awareness of our partners in sustainable development, promote coordinated regional development in our operating areas, and lay a solid foundation for the Company's sustainable growth. strengthening comprehensive Development, and Intelligent competitiveness, Manufacturing" to facilitate national strategic deployments for high-quality development, and optimizing scale and the holistic upgrade of new quality productive forces, and self-reliance in science and ef?ciency metrics. the carbon ?ber industry. technology during the 15th Five-Year Plan period. Bearing in We have established a Science and Technology Committee and a chief scientist system to continuously enhance strategic foresight, optimize the allocation of innovation resources, and accelerate the commercialization of research outcomes. We place great emphasis on the top-level design and platform construction of our R&D system, accelerate the cultivation and introduction of scientific and technological talent, and continuously strengthen our innovation foundation through internal resource integration and external collaboration. Three major platforms Carbon Fiber and Composites Laboratory – Evaluation and Technology and product iteration Medical devices Zhongfu Shenying strictly adheres to national laws and regulations concerning intellectual property protection and New patent Of which, Utility model continuously improves its intellectual property management the requirement to strengthen full-process management and protection of intellectual property. This institutionalized and scientific and technological innovation achievements, laying and enhanced market competitiveness a solid foundation for the Company's innovation-driven and high-quality development. Improving corporate governance
Providing high-quality products Responding to customer complaintsAs a leading enterprise in the domestic carbon fiber industry, Zhongfu Shenying thoroughly implements the spirit of General To effectively protect customer rights and improve service Secretary Xi Jinping's instructions on quality work and fulfills the requirements for building a quality-driven nation. The Company response efficiency, the Company has formulated the deeply integrates technological innovation with meticulous management. By constructing a unique "One 'Carbon' for the World, Delivery and Service Control Procedures to fully standardize Quality as the Foundation" full-lifecycle intelligent quality management model, the Company has achieved stable and large-scale the customer complaint handling process and clearly production of high-performance carbon fiber. It has successfully broken the long-term foreign technological monopoly, providing define the responsibilities of each department upon key material support for China's strategic fields such as aerospace, new energy, and rail transit. receiving a complaint. We strictly implement the "24-Hour Acknowledgement, 48-Hour Written Response" mechanism for loop and efficient manner. We promptly handle customer after- Light enough! Strong enough! Accelerating a high-speed lifethe Company's customer complaint response rate was 100%, In July 2025, the Wuhan University of Technology Fuel Formula Racing Team (WUT team) won the championship in the British and the resolution rate was 84.1%. University Formula Racing Competition (FSUK) for vehicle design. With a strong and lightweight body made of carbon fiber, this car, weighing only 196 kilograms and capable of accelerating from 0 to 100 kilometers per hour in 4.2 seconds, demonstrates the robust "Chinese speed" of China's new material industry. Customer complaint handling measures Employ scientific analysis methods to trace the root causes of problems and systematically improve product quality to enhance customer satisfaction. Improving customer satisfaction Practicing responsible marketing We provide products that satisfy users through advanced production technology, maintain our corporate vitality The Company focuses on building a comprehensive and systematic service network to enhance its brand marketing strength. By with the highest quality and efficiency, and fulfill our creating a system that covers domestic and international sales, after-sales, and market management, we achieve full coverage commitments by focusing on customers. We conduct customer of the sales process and service regions. This enables us to control processes for identifying, reviewing, and managing customer satisfaction surveys twice a year on a regular basis, compile requirements and changes, ensuring that customer needs and expectations are fully understood and met, thereby providing analysis reports, analyze the root causes of major areas of products that satisfy customers and enhancing their satisfaction.dissatisfaction, and formulate corrective and preventive measures. This ensures that our product quality, delivery, and services meet customer needs and expectations, thereby continuously improving customer satisfaction. Implementing supplier managementFocusing on ESG performance The Company has established a full-lifecycle supplier We firmly believe that sustainable development is inseparable evaluation system covering admission audits, performance from the synchronized efforts of our supply chain partners. Key performance 2025 assessments, dynamic ratings, and exit mechanisms, ensuring Therefore, the Company places a strong emphasis on the that every partnership is guided by standards and supported ESG performance of its suppliers. Under equal conditions, Customer satisfaction rate was by a system. We have formulated regulations such as the we prioritize collaboration with suppliers who demonstrate Sustainable Supply Chain Management Policy Statement and excellent ESG management and performance. Through this % 95.5 the Supplier Code of Conduct, which clearly require suppliers symbiotic effort, we aim to build a green and responsible to fulfill their responsibilities in areas such as safety and supply chain ecosystem, ensuring that every collaboration health, employees and community, and environment and holds both value and warmth. climate change. Protecting customer Accelerating Low-carbon Transition Strengthening environmental management Cleaner production The Company strictly abides by all applicable environmental The Company ensures that the emission concentration and total amount of all pollutants, including wastewater, waste gas, waste, laws and regulations, such as the Environmental Protection and noise, meet the mandatory standards of the state and the locality. We reduce the emissions of air pollutants, water pollutants, Law of the People's Republic of China and the Air Pollution hazardous waste, and non-hazardous waste, enhance the efficiency of resource utilization, and reduce the negative environmental Prevention and Control Law of the People's Republic of China. impact of the Company's production and operation. In 2025, all issues raised by ecological and environmental protection We adhere to the principle that "Environmental Protection inspections, supervision, and assistance at all levels were rectified on time, with high quality, and in full. Must Be Managed Alongside Development, Production and Operation, and Business Activities". It implements environmental protection requirements at all levels of Pollutant Progress in 2025 management system, systematically revising and upgrading regulations such as the Ecological and Environmental Item 2025 target Progress
Green products The Company continuously strengthens the construction of its green and intelligent manufacturing system, explores low-carbon management throughout the entire lifecycle of carbon fiber products, increases investment in energy-saving, low-carbon technologies and the application of renewable energy, actively explores the construction of zero-carbon factories, and strives to achieve industry leadership in energy consumption and carbon emission intensity for high-value output. Our products are widely used in fields such as wind power, hydrogen energy, and new energy vehicles, contributing to energy conservation and carbon reduction in downstream industries through their lightweight characteristics. "China Strength" has become a distinct symbol of sustainable material solutions. Empowering green transformation in multiple fields through material innovationTransportation sector: New energy sector: Construction engineering sector: Carbon reduction through lightweighting Efficiency enhancement through clean technology Material savings through longevity The products are used in unmanned cargo aircraft, As a key material for wind turbine blades, photovoltaic Applied in cables for ultra-long-span bridges, structural rail transit, and new energy vehicles. By significantly thermal fields, and hydrogen storage cylinders, it reinforcement of buildings, and high-performance reducing equipment weight, they directly improve effectively enhances the reliability, efficiency, and concrete enhancement, it helps break the limits of operational energy efficiency and lower energy safety of clean energy equipment, serving as an traditional materials, extend infrastructure lifespan, reduce consumption and emissions. indispensable supporting force in building a "Green resource consumption and maintenance costs over the Kinetic Energy" system. entire lifecycle, and reshape the "Green Standard" for infrastructure strength.The first carbon fiber subway train in the country, The world's largest 26MW offshore anti-tornadic blade The world's largest-span suspension bridge - Changtai CETROVO 1.0 - Carbon Star Express Rail Bridge In the mission of our time to protect clear waters and blue skies, the Company has always adhered to the concept of green Protecting biodiversity development, committed to achieving a harmonious coexistence between corporate growth and ecological environmental protection. We strive to minimize the impact of our operations on the natural environment and biodiversity, putting our green development commitment into practice and making the co-construction of a beautiful home where humanity and nature coexist in Using Resources Efficiently Zhongfu Shenying strictly complies with relevant laws and regulations such as the Energy Conservation Law of the People's Republic of China, adheres to the development philosophy of being green, low- carbon, and circular, and actively promotes the transformation of its energy structure and the efficient use of resources. Through systematic measures such as optimizing the energy mix, increasing the proportion of renewable energy, and deepening the recycling of water resources, the Company is committed to reducing the environmental load of resources per unit of product. It has also established a special energy-saving team and implemented an energy performance assessment system to continuously explore opportunities for energy conservation and consumption reduction, aiming to maximize energy use efficiency. In 2025, the Company's energy sources included electricity, steam, natural gas, and municipal water. The consumption of new energy electricity was Reduce carbon dioxide emissions, increase the purchase of natural gas for use in generating steam instead of traditional coal-fired steam production. The electricity consumption of new energy (including green Natural gas consumption increased by reducing carbon dioxide emissions by Responding to climate change Zhongfu Shenying anchors its efforts on the national "Dual Carbon" goals, integrating climate change response into its overall corporate development. We continuously improve our environmental governance structure, clarify responsibilities at all levels, formulate forward-looking response strategies, and progressively develop our climate change risk management system. We also set quantitative indicators to ensure the efficient implementation of our actions.Governance Strategy To better address the challenges posed by climate change, the In the process of responding to climate change, to identify and assess the impact of climate-related risks and opportunities on Company has integrated the concept of climate change into its the Company, we integrate risk management requirements. Based on our own operational conditions and with reference to future sustainable development governance structure. This effectively climate change trends, we closely monitor these trends to identify and evaluate potential climate risks and opportunities. We promotes the implementation of our climate strategy, reduces comprehensively assess the Company's climate resilience and, based on the analysis results, define and adjust our climate change the impact of climate risks on our operations, and involves strategy and response measures in a timely manner. This lays the foundation for enhancing long-term operational resilience and identifying climate opportunities. By embracing the trends seizing future development opportunities. of clean energy transition and low-carbon development, we Regarding physical climate risks, the Company has identified that it will be affected by acute and chronic physical risks such as contribute to the green development of both the Company increased extreme weather and rising sea levels in the medium and long term. However, considering the locations of our operations, 6 and society as a whole . the continuous improvement of our risk monitoring system, and the vigorous promotion of risk emergency response measures, the overall level of physical climate risk is relatively low. 6 The Company's governance structure for responding to climate change is consistent with its sustainable development governance structure. Emphasizing circular economy Zhongfu Shenying adheres to the development philosophy of "Resource Efficiency and Green Circulation", and has built and practices a "Dual Circulation Development Model" that combines an "Energy Input Cycle" with a "Product Output Cycle". We are not only committed to optimizing the resource utilization efficiency of our own production processes, but also leverage the lightweight properties of carbon fiber materials to empower downstream industries to achieve systematic energy conservation and carbon reduction, promoting the green transformation of the entire value chain. The Company has built and practices a "Dual Circulation" development model, systematically promoting the optimization of its energy structure and the extension of resource value. At the energy input end, we not only continue to advance the cascaded recovery and Shenying Xining was recognized as recycling of waste heat and steam to achieve "High-Quality for High-Use, Low-Quality for Low-Use", but also reduce the carbon intensity a "Water Efficiency Leader" among of our energy structure through measures such as replacing high-carbon coal steam with natural gas steam. At the output end, we key water-consuming enterprises in actively direct carbon fiber products toward clean energy fields like wind power and photovoltaics, leveraging material innovation to Qinghai Province. support the green and low-carbon transformation of downstream industries. Through the dual path of "Carbon Reduction at the Input End + Empowerment at the Output End", the Company is gradually achieving a circular leap from energy consumption to value creation, Caring for employees Upholding the philosophy that "The Enterprise Is About People, for People, and Loves People", we implement both inclusive The Company adheres to a people-oriented philosophy, placing high importance on employee care. Through a variety of cultural and care and targeted services. Deepening talent cultivation Zhongfu Shenying effectively integrates the concept of talent development into its business operations and growth. By providing abundant learning resources and diverse career development paths, the Company offers employees opportunities to showcase their abilities, builds platforms for career advancement, and achieves a win-win situation for both personal value and company development. Building a harmonious community together Zhongfu Shenying is committed to fulfilling its social responsibilities through concrete actions. By deeply engaging in public welfare and charity and contributing to community prosperity, the Company integrates the promotion of local socio-economic development and the enhancement of public well-being with its own growth, working hand in hand with stakeholders to build a beautiful and harmonious society. Leading with passion, shouldering public welfare |
