良信股份(002706):良信股份2025年度ESG报告（英文版）
原标题:良信股份:良信股份2025年度ESG报告（英文版） About This Report LAZZEN will do our best to ensure the accuracy of the information. The quantitative data presented in the report are based on actual data of our internal production and operation, and there are no false records, misleading statements or material omissions. Completeness Report notes The information in this report cover LAZZEN and the companies we controls. At the same time, this report also discloses relevant information in full based on our circumstances.This report is the fourth ESG report released by Shanghai Liangxin Electrical Co., LTD. (hereinafter referred to as "LAZZEN","we" or "the company") to stakeholders. This report provides detailed information on our practices and performance in environmental, social and governance areas for the year 2025, aiming to systematically respond to Clarity the expectations and requirements of all stakeholders. The figures, data references, and technical terms in this report, which involve complex understanding, will be sourced and explained in plain language. Report scope Background of Sustainable Development This report covers the period from January 1, 2025 to December 31, 2025 (referred to as the "reporting period") LAZZEN actively responds to sustainable development trends, identifies stakeholders and key topics in light of and focuses on the performance of environmental, social and governance responsibilities in 2025. For the sake of the characteristics of our electrical equipment industry and business operations, and engages in stakeholder continuity and comparability, some parts appropriately trace back to previous years. communication. For details, please refer to the section on sustainable development management. Balance Report data description The content of this report truly reflects the objective situation of LAZZEN's operation, without exaggeration or misleading description, fully discloses the positive and negative information that exists in our operation process, and The financial data in the report is derived from our audited financial reports, and the other data are derived from our strives to be fair, objective and balanced. internal documents and aggregated information statistics. Unless otherwise stated, the currency types and amounts involved in this report are measured in CNY. There are no false records, misleading statements or material omissions in this report, and we are responsible for the truthfulness, accuracy and completeness of the report. Verifiability The cases, management systems, and quantitative data in this report are derived from actual circumstances in our operations, and all information is traceable. Basis of preparation Quantification Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 17 - Sustainable Development Report (Trial) Shenzhen Stock Exchange Self-Regulatory Instructions for Listed Companies No. 3 - Preparation of Sustainable The quantitative data disclosed in this report will be disclosed as continuously as possible, and the reliability of the Development Reports disclosed data will be continuously improved to demonstrate the development trend of our ESG management level. Ministry of Finance Corporate Sustainability Disclosure Standards - Basic Standards (Trial)Finance Department Corporate Sustainability Disclosure Standard No. 1 - Climate (Trial) Global Sustainability Standards Board Sustainability Reporting Standards (GRI Standards) Report release and contact information Reporting preparation principles You can consult or download the electronic version of this report on the official website of Shenzhen Stock Exchange (www.szse.cn). If you have any questions or suggestions about this report, please feel free to contact us at any time: Timeliness Tel: 86-21-68586699 Fax: 86-21-23025796 After the end of fiscal year 2025, we immediately initiated the preparation of this report. After being reviewed by the Email: [email protected] board of directors, the report was released, and the disclosure time was no earlier than the Annual Report and no Address: 2000 South Shenjiang Road, Pudong New Area, Shanghailater than April 30. Chairman's Message Dear colleagues, partners and friends from all walks of life: For employees, we improve the compensation and benefits system, build a "dual-track" career development path, and strengthen safety production and occupational health management at the same time, achieve full coverage 2025 is a crucial year for LAZZEN to deepen our ESG governance and practice the concept of sustainable of work injury insurance and work safety liability insurance, and create a safe, healthy and growing working development. We are committed to the vision of "Becoming a global leader in smart low-voltage electrical solutions" environment for employees. To our customers, we adhere to the principle of "Customer-oriented, quality as dignity", and the mission of "unlocking electrical intelligence and empowering human and nature to live in harmony", moving and through our customer service system covering both domestic and overseas, we provide 7×24-hour rapid steadily in the ESG field and responding to the trust and expectations of all parties with concrete actions. This year, response services to global customers and continuously enhance customer satisfaction. we have further refined our ESG organizational management structure, deeply integrated the concept of sustainable development into strategic planning and daily operations and formed a full-chain responsibility system led by the We continuously improve the modern enterprise system, optimize the governance structure, and form a decision- decision-making level, driven by the management level, and implemented by the executive level to ensure the making and management system with clear rights and responsibilities and standardized operations. We continuously orderly implementation and effectiveness of all ESG initiatives. enhance the quality of information disclosure and communication with investors, actively respond to investors' concerns and demands, ensure the stable operation and long-term value creation of LAZZEN, and effectively With "Zero Carbon Manufacturing" as our core, we are fully committed to the green transformation. As a leading Zero safeguard the rights and interests of all shareholders and stakeholders. We have strengthened risk compliance Carbon demonstration plant in China, the Hangzhou Bay Mega Factory has built an integrated innovation scenario management, established a "three-line defense" risk prevention and control system, improved anti-corruption and of "Photovoltaic, energy storage, direct current, flexibility (PEDF)", with a total annual carbon emission reduction of anti-monopoly systems, and created a clean and upright business environment. about 20,000 tons in the future. We have been awarded the Five-Star Zero Carbon Factory Certification and selected as a demonstration project of the National Key Research and Development Program during the 14th Five-Year Plan. Looking ahead, LAZZEN will continue to focus on sustainable development, deepen ESG governance, and make We have established a three-tier collaborative architecture of "equipment - control - platform" and achieved full- continuous efforts in areas such as Zero Carbon technology research and development, digital transformation, talent chain resilient carbon reduction from energy production to terminal consumption through self-developed energy cultivation, and supply chain collaboration. We will further refine our Zero Carbon solutions, drive more customers and carbon systems. At the same time, we continuously optimize resource utilization efficiency and effectively to achieve green transformation, and continue to steadily move forward on the path of empowering harmonious promote energy conservation, emission reduction and circular economy through measures such as water recycling, coexistence between humans and nature! waste classification and disposal, and energy-saving technological transformation, responding to the national "dual 2025 Environmental, Social and Governance Report Major Events of 2025 Step into LAZZEN LAZZEN and KINGJEE Group officially Company Profile signed a strategic cooperation agreement in Nanjing. Both sides will LAZZEN was established in 1999 and listed on the Shenzhen Stock Exchange in 2014 (stock code: 002706.SZ). carry out in-depth cooperation on Positioned as an expert in smart low-voltage electrical solutions, LAZZEN focuses on the research and development, LAZZEN Magic Cube "Tianqi" series production, sales and service of medium and low-voltage electrical appliances, vehicle-mounted devices, products and smart home solutions to LAZZEN's Hangzhou instruments and meters, smart energy and carbon, and smart living. Our products and solutions are widely used in jointly create a new model of high-end Bay Mega Factory was various scenarios from power generation, transmission and distribution to power consumption. Our business covers smart home. certified by Bureau more than 30 sub-sectors in areas such as smart computing centers, new energy, infrastructure, rail transit, smart Veritas for ISO 50001 buildings, power grids, industrial control, etc. energy management LAZZEN Hangzhou system. LAZZEN has always adhered to the core value of "achieving customers", and our service network covers more Bay Mega Factory than 140 cities in China and more than 30 countries and regions overseas. Through end-to-end organization and At the "2025 Brand Day was awarded the system, we provide professional and efficient services to customers worldwide. LAZZEN drives product research and Trademark Brand Development five-star standard development based on customer needs, and our Research and Development (R&D) Center has been recognized as Conference" hosted by the for Zero Carbon a "National Enterprise Technology Center". We also have an enterprise postdoctoral research workstation, and our China Trademark Association, Factory. On July 11, "Good House laboratory has been accredited by both the China National Accreditation Service for Conformity Assessment(CNAS) LAZZEN was awarded the title Opens Today" - the opening and Underwriters Laboratories. of "AAA Well-Known Trademark ceremony of the LAZZEN Brand". Good House Co-built Brand Positioning Core Values showroom was grandly LAZZEN and HOKO Expert in smart low-voltage electrical solutions Smart, Green, Safety, Customized, Service held at LAZZEN's Shanghai On June 5, LAZZEN's Electric signed a headquarters. new smart showroom strategic cooperation at Hangzhou Bay Mega agreement. Both Factory opened grandly. Vision Mission sides will give full play to respective Aiming to Be a Global Leader in Smart Low-Voltage Empowering Harmony Between Humanity and Electrical Solutions Nature with Smart Electrical Solutions synergy advantages in LAZZEN's Safety Integrity technology research Level (SIL)-certified frame and development circuit breaker has passed and market Development Strategy the "SIL2" Certification. On September 25th, expansion to jointly "Jinghong" - 2025 LAZZEN Focus on smart low-voltage Adhere to a mid-to-high-end Upgrade energy efficiency with build an innovative electrical, select target market positioning and focus on intelligent distribution, enhance user Smart Power Distribution development path aggregation strategy, and advance benchmark customers in sub- experience with smart living, and Tasting Event and Partner of smart low-voltage international development. sector. empower the new power system with Ecosystem Conference electrical under the new energy electrical technology. was successfully held in guidance of the "dual Hangzhou Bay. carbon" goals!2025 Environmental, Social and Governance Report Honor 2025 Shanghai LAZZEN Haiyan LAZZEN plant. Thanks to the highly integrated and instrument-free design of the equipment, maintenance and replacement Case Facilitating the construction of Zhengzhou Bofang Zero Carbon Plant costs are reduced by about 50% in later operation and maintenance. In terms of demand management, the system automatically implements the "non-critical" strategy (that is, automatically offloads non-critical loads during peak load periods) through intelligent switching components, Zhengzhou Bofang Electric 's plant was previously completely dependent on municipal power supply, dynamically optimizes maximum demand, effectively avoids transformer overload and power fines, reduces excess with high electricity bills. In response to this situation, LAZZEN led the design of an integrated Zero Carbon contract capacity charges by an average of 4% annually, and significantly reduces hidden electricity costs. infrastructure solution, aiming to optimize electricity costs and manage carbon emissions quantitatively through the deployment of new energy and the integration of intelligent systems while meeting energy Relying on cloud-based monitoring and intelligent diagnostic systems, the plant significantly reduces its reliance demands. on on-site manual inspections and promotes the upgrade of operation and maintenance work towards remote, automated and intensive. This model not only significantly enhances the operational reliability of the energy system, The project has built a new 500kW photovoltaic power station, a 522kWh energy storage station, a 630kVA but also brings considerable resource savings and efficiency improvements: personnel costs are reduced by 50%, transformer and four AC/DC charging stations, and fully deploy LAZZEN 's self-developed system: PX Power equipment failure rates are reduced by 30%, and average power restoration time is shortened by 60%. Through Distribution Expert System for sub-item energy consumption and carbon emission monitoring to support intelligent management, not only the uncertainty brought by human intervention is reduced, but also hidden carbon online intelligent operation and maintenance; MX Microgrid Expert System, based on AI prediction and emissions resulting from power outages or energy efficiency losses are lowered. control strategies, enhances the efficiency of local photovoltaic consumption, optimizes energy storage charging and discharging, and achieves coordinated interaction with the main grid; The LEC300 Microgrid Coordination Controller is responsible for low-level dispatching to ensure autonomous and efficient use Operational carbon reduction of energy. After coming into operation, the monthly electricity consumption of the plant decreased by 60%, and about 350 tons of carbon dioxide were simultaneously reduced annually, verifying the actual Based on the construction practice of the Zero Carbon plant of the Hangzhou Bay Mega Factory, LAZZEN has effectiveness of LAZZEN's Zero Carbon plant model in small and medium-sized manufacturing scenarios. systematically accumulated full-cycle experience from planning, implementation to operation, and deeply verified the synergy of software and hardware products. Our self-developed refined EX energy and carbon management Zhengzhou Bofang Zero Carbon Plant facilities system, MX Microgrid Expert System and other core tools can achieve full accounting, itemized traceability and 500KW photovoltaic power station 522kWh energy storage station LAZZEN helped Hubei University build a new Intelligent distribution room of Hubei University 630KVA transformer capacity 4 AC/DC charging stations 2025 Environmental, Social and Governance Report2025 Environmental, Social and Governance Report Analysis of important topics affected by our operational behaviors. We attach great importance to the interests and needs of stakeholders, are committed to maintaining close two-way communication and collaboration with all parties, standardize the ESG information disclosure process, actively listen to all parties' opinions and suggestions, promote the scientific and Based on the communication results with various stakeholders, combined with our own business situation and transparent nature of the company's sustainable development decisions, and ensure that key topics are effectively outstanding cases in the same industry, we conducted in-depth research on relevant provisions, including the responded to and continuously improved. Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 17 - Sustainability Report (Trial), the Shenzhen Stock Exchange Self-Regulatory Instructions for Listed Companies No. 3 - Sustainability Report We have taken a series of proactive measures to respond to topics of concern to stakeholders, deeply integrating the Preparation, and the GRI Sustainability Reporting Standards, with reference to expert opinions and suggestions. We concept of sustainable development into business operations and strategic planning, and promoting the realization finally determined the matrix of important topics. 2025 Environmental, Social and Governance Report Analysis process of important topics Corporate Governance orderly advancement of our business decisions. During the reporting period, we optimized organizational structure LAZZEN's 2025 important topic matrix in line with regulatory requirements and development realities, abolished the establishment of the supervisory 2025 Environmental, Social and Governance Report Party building culture construction Strengthening the foundation through Party building LAZZEN has always insisted on integrating Party organization building with corporate culture building, bringing LAZZEN deeply integrates Party building into the ESG development system, leading the high-quality and sustainable together employees and Party members, and by focusing on political guidance, organizational cohesion, and role development of the enterprise with high-quality Party building. In 2025, we continued to improve organizational play, we have continuously strengthened ideological consensus, gathered the strength to forge ahead, effectively construction, create distinctive brands, innovate working models, deepen the integration of Party and enterprise, transformed the advantages of Party building into development advantages, and promoted the steady and far- and promote the resonance of Party building with production and operation, employee development, green reaching high-quality development of the enterprise. transformation and other work, building a solid political foundation and organizational guarantee for the company's ESG development. We are committed to building a Party member activity room with LAZZEN characteristics. While consolidating the Party building work position and strengthening the vanguard role of Party members, we promote the deep Improve the Party organization system integration of Party building and business, thereby consolidating the development synergy and enhancing the comprehensive competitiveness of the enterprise; we are committed to building the "Liangfeng" Party building brand of Party member pioneers, product pioneers, enterprise pioneers and industry pioneers, focusing on the LAZZEN continued to improve Party organization system. In August 2025, under the guidance of the superior urgent needs of employees, the pain points of enterprise development and the weak links in work, and actively Party organization, the Party Branch Committee of Haiyan LAZZEN was officially established. The General Branch responding to the voices of employees. Committee of Shanghai LAZZEN of the Communist Party of China is established at the headquarters, with three Party An internal control management system Risk Compliance Internal control Specific content management LAZZEN attaches great importance to compliance management, internal control management, risk management and tax management, continuously improves the supporting management system and operational procedures, and The assurance of effective implementation of internal control includes daily oversight and comprehensively enhances the enterprise's risk prevention and compliance control capabilities.Monitoring special oversight, with management responsible for ongoing daily oversight, internal audit responsible for targeted special assessment, and third-party assessment.Information and The carriers for the implementation of internal control include information quality, Compliance management communication communication systems, information systems, and anti-fraud mechanisms.LAZZEN strictly adheres to relevant laws and regulations such as the Company Law, the Securities Law, and The means of implementing internal control include incompatible job separation, the Accounting Law, continuously revises and improves internal systems such as the Compliance Obligation Control activities authorization approval control, accounting system control, property protection control, Management Procedure, the Compliance Evaluation Management Procedure, and the Intellectual Property budget control, operational analysis control, performance evaluation control, etc.the company, the safety of assets, and ensures the authenticity and completeness of financial reports and related The basis for implementing internal controls, including objective setting, risk identification, Risk assessment information. Adapt to the dynamic changes of the external environment and continuously improve the internal risk analysis, and risk response. management level. Control The foundation of the internal control system includes governance structure, organizational To meet the requirements of risk control and system audit, LAZZEN reviews and updates various laws, regulations, environment setup, authority allocation, human resource policy, corporate culture, etc. rules and regulations, policy documents and related standards every year. During the reporting period, we added the review of laws, regulations and systems related to import and export control. 2025 Environmental, Social and Governance Report Company risk management system architecture Potential Impact Risk types Risk description financial Risk management measurescycle Management implications Responsibilities and authorities structure Product quality and non- compliance with RoHS can Short- Regular high-level quality monthly meetings; The committee consists of one director, one executive secretary and seven risk committee members affect LAZZEN's reputation and term/ Operating costs Quality RoHS Assess the risks of systems such as (Information Security Risk Committee member, Business Risk Committee member, Legal Risk result in direct economic losses medium- increase risk management quality through systems, Committee member, Supply Chain Risk Committee member, Labor Relations Risk Committee member, such as product rework, recalls, term/long- Revenue decline internal audits, and management reviews. Risk Management Tax and Finance Risk Committee member, Intellectual Property Committee member). compliance fines, and customer term Committee claims As the highest decision-making body for risk management, it is responsible for reviewing LAZZEN 's risk management system and framework, deliberating on major risk matters, and deciding on risk Information security incidents Multiple internal self-examinations in response strategies, etc. Short- such as data breaches, resulting response to repeated letters from software term/ medium- security risks customer/partner claims, increase software; As the risk management department, they are responsible for the daily identification, assessment term/long- business disruption losses, and Implement meeting resolutions by issuing Business Units and reporting of risks within their business area, and formulate and implement targeted risk response term emergency response costs systems and signing documents. plans. Background checks on candidates; As the risk management supervision and evaluation department, it is responsible for conducting Causing labor disputes, resulting Update the employee handbook in a timely Risks of labor Operating costs independent audits and supervision of the operation of LAZZEN 's risk management system and the in economic and reputational Short-term manner; disputes increase Audit Department implementation of risk control measures; proposeds supervision and improvement suggestions, tracks damage Properly handle changes to the subject of the the closed-loop of risk rectification, and ensure the standardized implementation of risk management labor contract and negotiate termination. work. Establish an intellectual property risk assessment process, patent risk levels and Triggering intellectual response strategies through an intellectual Risk identification and management property disputes, resulting in property compliance management system; compensation for infringement, Medium Operating costs Promote the implementation of patent risk Intellectual litigation costs, waste of and long- increase assessment actions through the IPD process; LAZZEN continuously identifies and controls risks in key areas, and tracks and synchronizes them through property risks R&D investment, damage to term Revenue decline Review the effectiveness of risk management performance assessment, meeting follow-up, system processes, etc., to ensure the formulation and implementation brand reputation and market actions and make timely improvements of risk response measures. In addition, in accordance with the Basic Norms for Enterprise Internal Control and its competitiveness through internal and external audits of supporting guidelines, LAZZEN compiles an internal control risk matrix based on its actual situation and conducts the intellectual property compliance management system. operations, we take actions such as sorting out risk inventories and conducting materiality assessments to clarify the impact of risks and response measures, and integrate ESG risk management into the corporate governance system. Internal audit LAZZEN, in collaboration with the Intellectual Property Department, updates legal education content monthly in the "Law · Knowledge Zero Distance" column on the OA platform, organizes long-term legal advisors to conduct LAZZEN has established a risk-oriented audit framework based on business cycles and key elements of our special training on job responsibilities and risk prevention for directors, supervisors and senior management, operations, making full use of existing audit resources to conduct audit checks on key risks in the business. We have comprehensively strengthens the compliance awareness and risk prevention capabilities of all employees, promotes established the Internal Audit System and the Departure Audit Management System, aiming to enhance management employees to master the risk management process proficiently, and continuously improves the overall risk efficiency, prevent business risks, and ensure the safety of our assets and its sustainable and healthy development. governance level of the company. Internal audit framework Tax administration Business cycle Audit focus areas LAZZEN has always adhered to the principle of paying taxes in accordance with the law. To strengthen tax administration, ensure legal business operations, and fulfill the commitment of honest tax payment, we have formulated the Tax Administration System to clarify the responsibilities and authorities of each department Product prices, special offer management, credit lines（未完）  |