仙鹤股份(603733):仙鹤股份有限公司2025年度可持续发展报告(英文版)

时间:2026年04月29日 17:55:50 中财网

原标题:仙鹤股份:仙鹤股份有限公司2025年度可持续发展报告(英文版)

Commitment to Innovation-Driven Development 43 Corporate Culture 08 Strict Quality Control 48 2025 Milestones 09 QUALITY FIRST Provision of High-Quality Services 54 Key Performance Indicators for Sustainable 1 1 WIN-WIN COOPERATION Development in 2025 Connecting to a Green Future 58 Supporting Industry Development 65 SUSTAINABILITY MANAGEMENT Employee Bene?ts and Welfare 69 Sustainable Development Strategy 13 Employee Growth and Development 77 PEOPLE-ORIENTED AND Sustainable Development Management 16 Framework SHARED PROSPERITY Employee Health and Safety 84 17 Stakeholder Communication Philanthropy and Social Contribution 89 18 Materiality AnalysisXIANHE CO., LTD 2025 Sustainability Report 
Green development, circular coexistence. We stead- provide various living amenities and diverse cultural fastly uphold our environmental commitments, and sports activities, striving to foster a warm "family actively promoting the comprehensive use of clean culture." Through school-enterprise cooperation energy sources such as photovoltaics and biomass. models such as targeted training programs, we We promote low-carbon, low-energy-consumption nurture emerging talent, supported by a comprehen- technologies and equipment across all production sive training system and clear career advancement processes, continuously optimizing energy ef?ciency, paths, helping employees realize their potential in their and striving to reduce resource consumption and professional journeys. We adhere to a localized greenhouse gas emissions, thereby contributing to employment strategy, promoting the coordinated global climate goals. At our Guangxi and Hubei bases, development of upstream and downstream industries we closely integrate scienti?c forest management, and effectively boosting regional economic growth green production, and the recycling and reuse of and public welfare. At the same time, we actively waste and pollutants, building a circular industrial engage in charitable endeavors, extending care and ecosystem that enables ef?cient resource ?ow and warmth to society. promotes sustainable development. Sound Governance for Steady Growth. Sound and Innovation-driven, win-win future.?We view innova- effective corporate governance is the cornerstone of tion as a vital source of core competitiveness, contin- our sustainable development. We continuously uously pursuing R&D in new products and technolo- optimize our governance structure and strengthen gies to enhance product value and competitiveness. internal control mechanisms to ensure compliance in We work closely with global customers to deliver all business activities and maintain stable operations. high-quality, sustainable product solutions. We have We have established a risk prevention and control established a full-process quality control system system covering all business processes, strengthening covering raw material procurement, production internal auditing and process monitoring to identify processes, and ?nished product testing, and we lever- and mitigate various operational risks, thereby age digital and intelligent technologies to build smart enhancing business resilience. We resolutely oppose workshops, enabling real-time monitoring and scien- unethical business practices, have established a ti?c scheduling of production processes to ensure robust internal reporting mechanism, and regularly ef?ciency and stability. We continuously strengthen conduct anti-corruption training for employees, supply chain risk management and safety mecha- upholding fair and just business order. nisms. Through deep collaboration across the value Looking ahead, Xianhe Co., Ltd. will assume greater chain, we work with upstream and downstream responsibility, continuously achieving breakthroughs partners to ful?ll environmental and social responsi- in green development, technological innovation, and bilities, building a robust and sustainable industrial industrial collaboration. Together with all partners, we ecosystem. will work together for mutual success and shared People Development and Social Contribution.? We value, making even greater contributions to the respect and protect the legitimate rights and interests high-quality development of the industry and the of every employee, having established a fair and sustainable progress of society. equitable compensation and bene?ts system. We also
 
XIANHE CO., LTD 2025 Sustainability Report 
CORPORATE CULTURE
Spirit
Purpose
The Company adheres to the mission of "creating wealth and serving society," with the vision of "Century Xianhe, Sustain-
able Development." Upholding the artisan spirit of "unity of knowledge and action, and intelligent craftsmanship," it is
Create wealth, serve society Integrity, ef?ciency, innovation, guided by "family culture" and strives to become a global leader in the high-performance paper-based functional materi-
and striving for excellence
als industry through sustainable and high-quality development.Core
The Essence of Xianhe’s
Value
"Family Culture"
Treat employees as family members, allow them to share in the Com- People-oriented, family as the Mission
Vision
pany's growth and success, and take good care of this “small family” foundationRely on managers and employees, and advocate loyalty and dedica- Harmony as the priority, virtue as
Leveraging the integrated "forest-pulp-paper" strat-
Century Xianhe, sustainable development
tion, discipline and order, teamwork, and independent innovation to the principleegy to deliver the best total solutions in the global
build the enterprise into a strong “big family”

high-performance paper-based functional materi-
als ?eld, and to establish ourselves as a world-class
Ful?ll social responsibilities, become an enterprise respected by pacesetter in the specialty paper industry
society, and contribute to the nation
XIANHE CO., LTD 2025 Sustainability Report  2025 MILESTONES January 2025 April 2025 July 2025 October 2025 Zhefeng New Materials was awarded the title of 'Little Giant' Xianhe Co., Ltd. was honored with the titles of '2024 Zhefeng New Materials was included in the The arti?cial intelligence application scenario of Xianhe Smart Work- by the Zhejiang Provincial Department of Economy and Private Enterprise Revenue Leader' and '2024 '2025 Municipal Manufacturing Enterprise shop won the "Outstanding Innovation Award" at the inaugural 2025 Information Technology. High-Quality Development Enterprise' at the 6th Technology Centers List of Quzhou City' AI+Industrial Scenario Application Competition across four provinces Quzhou Human Development Conference. released by the Quzhou Municipal Bureau of and nine cities, and was included in the "2025 Zhejiang Province AI The PM3 papermaking production line of Guangxi Xianhe Economy and Information Technology. Application Scenarios, Benchmark Enterprises, AI Service Providers, and Phase I project has successfully commissioned and put into Xianhe Co., Ltd. has been included in the eighth Digital Intelligence Excellence List" released by the Zhejiang Provincial operation. batch of "Pacesetter" enterprises for domestic and July and August 2025 Department of Economy and Information Technology. foreign trade integration cultivation list released by the Zhejiang Provincial Department of Commerce. Zhefeng New Materials was honored as a 'Seventh Batch of Specialized, The Xianhe Labor Union and the General February 2025 Re?ned, Unique and Innovative Little Giant Enterprises' by the Depart- Labor Unions of Intelligent Manufacturing Hubei Xianhe New Materials was awarded the ment of Economy and Information Technology. New City jointly organized a two-phase Xianhe Co., Ltd. was awarded the Qujiang District 'Five Cities' 'Jingzhou May 1st Labor Certi?cate' by the Jingzhou summer care program for children. Construction Special Contribution Award by the Of?ce of the Federation of Labor Unions. The PM5 papermaking production line of Guangxi Xianhe Phase I project People's Government of Qujiang District, Quzhou City. has successfully commissioned and put into operation. The PM1 papermaking production line of Guangxi August 2025 Xianhe Co., Ltd. met the requirements for establishing a new Xianhe Phase I project has successfully commis- Guangxi Xianhe New Materials has been awarded the three-system Both Zhefeng New Materials' 5G fully connect- workstation, and its ?ling for the establishment of a “Postdoc- sioned and put into operation. certi?cations: Quality Management System (ISO 9001), Occupational ed factory and Korai New Materials' 5G release toral Research Workstation” was approved by the Of?ce of Health and Safety Management System (ISO 45001), and Environmental Mr. Minliang Wang, Chairman of Xianhe Co., Ltd., paper production facility have been included in the National Postdoctoral Management Committee. Management System (ISO 14001). has been awarded the Special Government the '2025 5G Factory Directory' released by the Xianlu New Materials was awarded the "Zhejiang Innovative Allowance by the State Council. Guangxi Xianhe New Materials obtained the FSC Forest Certi?cation. Information and Communication Management SME" certi?cate by the Zhejiang Provincial Department of Bureau of the Ministry of Industry and Informa- Guangxi Xianhe New Materials participated in the Guangxi Xianhe New Materials has upgraded its employment poverty Economy and Information Technology. tion Technology. 5th Workers' Sports Meet organized by Laibin City alleviation workshop to a rural employment factory. Korai New Materials was honored as one of the ?rst batch of Labor Unions, securing second place in the September 2025 'Industrial Investment Stars' by Changshan Outstanding mixed-gender tug-of-war competition within the November 2025 Contribution Enterprises. corporate division. Xianhe’s food-grade interleaving paper for The project on the development of high-ef?ciency energy-saving stainless steel sheets was awarded the "2025 Zhefeng New Materials received the 2024 Special Prize for magnetic levitation turbine intelligent vacuum system by Xianhe Co., Excellent New Industrial Product of Zhejiang May 2025 Striving Progress by Quzhou Mayor, speci?cally recognized for Ltd. and its application in large-scale paper machines was awarded Province" certi?cate by the Zhejiang Provin- its 'Openness Enhancement Award'. Xianhe Co., Ltd. was awarded the title of '2025 the "14th Five-Year Plan" Advanced Scienti?c and Technological cial Department of Economy and Information Zhejiang Provincial Advanced Intelligent Factory' by Innovation Achievement Certi?cate in Light Industry by the China Technology. the Zhejiang Provincial Department of Economy National Light Industry Council. March 2025 Zhefeng New Materials has been awarded and Information Technology. Xianhe Co., Ltd.'s magnetic suspension technology application was the EcoVadis Gold Certi?cation. Xianhe Co., Ltd. was awarded the title of 'National Civilized Unit' recognized as a "2024 Specialty Paper Industry Chain Innovation Case – June 2025 for the seventh time by the Central Leading Group for Publicity, To commemorate the great victory of the Green and Low-Carbon Case" by the China Technical Association of the Ideological and Cultural Work. War of Resistance against Japan and The project on key technologies for green manu- Paper Industry (CTAPI).

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XIANHE CO., LTD 2025 Sustainability Report

STAKEHOLDER COMMUNICATION MATERIALITY ANALYSIS
The attention and support of stakeholders serve as the driving force behind Xianhe Co., Ltd. 's continuous progress. By
This year, considering both the Company's business development stage and external environmental changes, we
establishing multi-dimensional and routine communication mechanisms, we listen carefully to the voices of all stake-
distributed stakeholder surveys to internal and external parties and performed data analysis. The impact materiality and
holders and gain a deep understanding of their expectations for the Company’s development.?We regularly conduct
?nancial materiality of relevant topics were dynamically updated to accurately re?ect the Company's current operating
stakeholder surveys, questionnaire discussions, and ESG priority assessments, integrating stakeholders' recommenda-
pro?le and key sustainability priorities.
tions into daily operations and strategic planning. This commitment drives our vision of sustainable development
through mutual bene?ts, collaborative progress, and win-win outcomes.High
Key Stakeholders Expectations and Demands Response Measures Addressing Corporate
Climate Change

Law-abiding operations Tax compliance Job creation Regional economic development Environmental protection       
        
        
        
      ShareholdersBusiness performance Return on investment Steady operations Information transparency
Rights protection Compensation and bene?ts Career development and advancement Safe and comfortable working environment Work-life balance       
        
        
        
        
        
        
High-quality, diversi?ed products Premium service       
        
  Suppliers and PartnersFair procurement Mutual bene?t and win-win outcomes Industry development promotion    
        
        
Community development promotion Charitable activities       
        
        
        
        
        
Public participation Transparent operations       
        
        
        
        
        
        
XIANHE CO., LTD 2025 Sustainability Report XIANHE CO., LTD 2025 Sustainability Report 
Assessment of Significant Environmental Aspects
Environmental Management System
The General Manager's Of?ce identi?es and assesses environmental aspects involved in the full lifecycle of the Company's
The Company strictly complies with laws and regulations such as the Environmental Protection Law of the People’s Repub-
business activities, products, and services. It prepares and dynamically updates the "List of Signi?cant Environmental
lic of China and the Environmental Impact Assessment Law of the People’s Republic of China, and has formulated internal
Aspects," clearly identifying major environmental risk points requiring priority control. This provides a scienti?c basis for
regulatory documents including the Environmental Protection Management System, the Environmental Operation Control
resource allocation and management decision-making, thereby effectively controlling environmental impacts and driving
Procedures, and the Environmental Aspect Identi?cation and Evaluation Procedures, thereby ensuring that environmental
continuous improvement.
management activities are carried out in a systematic and standardized manner.

plans, and record-keeping. This enables the timely identi?cation and mitigation of potential risks.
  
  
 Number of training sessions conduct- ed on environmental protection and environmental compliance times
  
  

     Global carbon pricing coverage expands with stricter emission standards? Daily production and operations are affected? Increased compli- ance and operational costs ? Higher carbon taxes or environmental ?nesThe Company continues to advance its integrated "forest-pulp-paper" strategy, actively develops forestry carbon sinks, and carries out energy-saving and carbon-re- duction retro?ts on production processes and equipment. The Company's securities and legal department closely monitors and tracks changes in environmental laws and regulations to ensure that the Company's operations remain in full compliance with environmental requirements.
Frequent extreme weather events such as typhoons, heavy rainfall, and hailstorms? Delays in raw material or product transporta- tion ? Damage to goods and vehicles ? Increased supply chain instability?Increased transporta- tion costs ?Additional raw material procurement costs ?Delivery delays and revenue declineThe Company plans alternative transpor- tation routes in advance, continuously monitors weather conditions at supplier and customer locations as well as along logistics routes, and activates emergency logistics plans as appropriate. The Company maintains a certain inventory of raw materials to prevent supply disrup- tions caused by extreme weather events.     
     Application of green technologies to reduce water, energy, and material consumption? Existing technology becomes obsolete ? Newly developed technology is immature or poorly implemented? R&D costs for green technologies ? Costs for upgrading or replacing high-emission equipment and production linesThe Company carefully assesses the feasibility of low-carbon technologies, adopting a gradual upgrade approach in the short term by phasing in investments to update equipment and production lines. The Company actively collaborates with universities and research institutions to advance the R&D and commercialization of low-carbon technologies.
High natural disaster risk (e.g., earthquakes, ?res) in major wood pulp supplying regions such as South America? Raw material shortage, reduced production ? Production plan postponed?Increased raw material procurement costs ?Production delays and revenue decline ?Default and penalty costs due to delayed deliveriesThe Company enhances supply chain diversi?cation, actively seeks alternative suppliers, and ensures broad geographi- cal distribution to reduce reliance on any single supplier and mitigate the impact of weather disasters in concentrated areas. To secure raw material supply, the Company is developing owned and cooperative forestland in Guangxi, building an integrated "forest-pulp-paper" project, and further planning an integrat- ed "bamboo-pulp-paper" project in Sichuan to improve overall supply chain ef?ciency.     
     Shifts in industry trends and customer behavior? Changes in consumer preferences lead to reduced demand for traditional high-carbon products? Loss of market share and revenue declineThe Company continues to develop and produce low-carbon, environmentally friendly products to meet customer demands.
     Slow or poor performance in climate action? Damaged brand image ? Negative feedback from stakeholders ? Social and public pressure? Customer churn and revenue declineThe Company plans to expand the range of products subject to full life-cycle carbon footprint tracking and evaluation, and further research and analyze methods to reduce product carbon footprints and environmental impact. While taking active and effective actions to address climate change, the Company also makes timely information disclosures to respond to the information needs of external stakeholders.
         
Persistent extreme high or low tempera- tures? Personal injuries such as heatstroke or frostbite ? Reduced production safety and stability? Increased medical expenses for personnel ? Production delays and revenue declineThe Company conducts advance weather monitoring and early warning, and provides adequate heat prevention and cold protection facilities for employees to ensure suitable working temperatures. During extreme weather, work hours are adjusted or shift rotations are implement- ed to reduce employee exposure to extreme heat or cold. The Company develops comprehensive disaster emergency plans and regularly organizes natural disaster emergency drills and training to enhance extreme weather response capabilities.     
     Application of clean energy?Reduced dependence on traditional fossil fuels ?Lower carbon emissions? Energy cost savings ? Additional govern- ment subsidies or tax incentivesThe Company actively invests in clean energy projects such as solar, wind, and biomass power, as well as energy storage projects, to optimize its own energy mix.
     Demand for low-carbon, environmen- tally friendly products and services?Expansion of green consumer base ?Enhanced brand image? Revenue growthIn response to market and customer demand, the Company accelerates the development of green products, such as biodegradable, recyclable, or products containing recycled content, to support low-carbon transformation across the value chain. Through brand promotion and green certi?cations, the Company increases market awareness and recognition of its low-carbon products.
 ? Reduced ef?ciency of equipment and facilities, potentially leading to malfunctions and damage ? Reduced production safety and stability?Increased basic operating costs ?Increased asset maintenance costs ? Production delays and revenue declineThe Company regularly maintains and inspects production equipment and facilities, and performs equipment protection and servicing before extreme weather arrives to prevent overheating or freezing. The Company develops emergency plans for equipment failures and promptly coordinates production resources to minimize the impact of extreme weather on business operations.     
     Widespread adoption of the "replacing plastics with paper" concept?Increased product appeal ?New collaboration opportunities? Revenue growthThe Company seizes market opportunities arising from growing demand by developing and producing paper straws, paper bags, paper boxes, and other products as substitutes for plastic items, promoting the application of eco-friendly paper-based materials in industries such as food, daily chemicals, and packaging.
XIANHE CO., LTD 2025 Sustainability Report

Carbon Emission Control Energy Management System
We actively respond to the requirements of regulatory authorities and downstream customers regarding carbon man- Xianhe Co., Ltd. adheres to the management principles of "compliance and innovation, energy conservation and emission
agement. Since 2022, we have been conducting greenhouse gas emission accounting and systematically identifying and reduction, green production, and continuous improvement." It has established an energy management system with sound
inventorying emission sources within our production and operational scope. Currently, the Company has completed regulations and a clear structure, and has strengthened energy consumption monitoring through metering devices and
carbon inventories at its Quzhou headquarters and major subsidiaries, and has preliminarily established a carbon emis- information systems, thereby providing effective support for advancing energy consumption control efforts.
sion data system, laying the foundation for setting scienti?cally sound and reasonable emission reduction targets and
pathways in the future.

coordinated management, monitoring, and control of resource and energy use. Under the Energy Management Leading Group, there is an Energy Conservation Management Team, which formulates rules and regulations focusing on key Xianhe Co., Ltd. (Factory at 69 Tianhu South Road), Zhefeng New Materials, and Hefeng New Materials have conducted energy-consuming areas such as electricity and steam usage, and promotes the implementation of energy-saving and organizational-level greenhouse gas inventories and prepared inventory reports. In addition, they have obtained green- consumption-reducing measures at speci?c operational stages. In addition, the Company conducts regular external house gas veri?cation statements issued by third-party institutions in accordance with ISO 14064 standards, supporting energy audits to identify areas for improvement and continuously re?ne its energy management system. the standardization and veri?ability of the carbon emissions data. Carbon inventory results of Xianhe Co., Ltd.(Factory at 69 Tianhu South Road) unit:tons of COequivalent Measurement and Monitoring    
XIANHE CO., LTD 2025 Sustainability Report  Energy Conservation and Carbon Reduction Practices Green Operations The Company actively promotes a green and low-carbon operational model, starting with everyday of?ce details and travel habits, to turn environmental protection concepts into concrete, practical actions. Green Production



XIANHE CO., LTD 2025 Sustainability Report XIANHE CO., LTD 2025 Sustainability Report 





Purchased electricity Coal consumption
unit:kWh unit:t
Renewable energy consumption Renewable energy share
unit:kWh unit:%
2025 987,627,989.85 2025 639,243.78

2025 75,513,975.40 2025 3.59

2024 917,360,168.80 2024 375,351.84

2024 65,089,149.00 2024 5.03


2023 18,677,832.00 2023 1.92
Note: Comprehensive energy consumption and energy consumption by type increased compared with the previous year, mainly due to

XIANHE CO., LTD 2025 Sustainability Report tion data to optimize water resource ef?ciency. systems, sand ?ltration units, and steam condensate return systems to support the graded treatment and recycling of production water. Water Resources Management System Hubei Base: Clean condensate is recycled to boilers, reclaimed water is reused in the material preparation process, concentrated water from demineralized water production is reused, and sealing water and The Company strictly complies with laws and regulations such as the Water Law of the People's Republic of China and the Water cooling water are circulated. Total daily water savings amount to approximately 15,900 cubic meters. Pollution Prevention and Control Law of the People's Republic of China. It has established internal systems including the Water Guangxi Base: Condensate from the ash extraction system and continuous blowdown system is recovered Usage Measurement Management System, Planned Water Use Management System, and Water Conservation Equipment Recycling and reused in the pulping process, with an annual reuse volume of approximately 800,000 cubic meters. Management System, which clearly de?ne water management responsibilities, measurement requirements, and control Guangxi Base: Concentrated water generated after pulping thickening is returned to the pulping process, standards. A dedicated Water Conservation Management Of?ce has been set up to oversee water resource management under and Reuse with an annual circulation volume of approximately 1.5 million cubic meters. the guidance of the Cleaner Production Management Committee. This of?ce is responsible for setting water usage targets, Guangxi Base: A condensate quality-based separate recovery system has been established. Light-con- breaking down annual tasks, and monitoring the implementation of water-saving measures. Each subsidiary factory conducts taminated condensate and heavily contaminated condensate are respectively reused in wood chip production activities within predetermined water consumption quotas while strictly controlling total water usage. When water washing and soaking processes, with an annual reuse volume of approximately 1 million cubic meters. consumption changes occur due to production plan adjustments, equipment upgrades, or process optimization, the subsidiary Medium-contaminated condensate is sent to the causticizing and material preparation sections for use, factory must submit advance reports detailing the reasons and anticipated impacts, which are implemented only after review. replacing fresh water supply, with estimated annual water savings of 90% and 80% respectively. Furthermore, the Company has formulated the "Ten-Year Water Conservation Plan (2020-2030)" to provide Comprehen- Wastewater from the alkaline recovery boiler's scheduled blowdown and continuous blowdown expansion sive guidance and actionable strategies for advancing water resource management and conservation efforts. The Com- vessels is used for raw material washing after cooling, with an estimated annual water saving of 20%. pany has been systematically implementing phased tasks as scheduled and plans to commission quali?ed agencies to conduct water balance testing by 2030. This initiative aims to accurately assess the operational status of the entire water distribution network and current water consumption patterns across all processes, thereby establishing a scienti?c foundation for developing targeted water-saving measures. Cultivating Water Conservation Awareness Conserve Water Resources
achieve water-free operation, eliminating water consumption requirements at the process source.Note: Total water consumption and water consumption per unit output increased compared with the previous year, mainly due to certain
XIANHE CO., LTD 2025 Sustainability Report ties operate alongside main production facilities, and holds a valid pollutant ment technologies and processes are employed to continuously optimize waste gas puri?cation ef?ciency.
discharge permit. Real-time monitoring systems are installed at all discharge points, and third-party testing is regularly conducted to verify compliance with national and Measures to enhance Disposal Efficiency
local standards. During the reporting period, the Company had no excessive pollutant discharge incidents and received no major administrative penalties or criminal liabili-XIANHE CO., LTD 2025 Sustainability Report ties operate alongside main production facilities, and holds a valid pollutant ment technologies and processes are employed to continuously optimize waste gas puri?cation ef?ciency.
discharge permit. Real-time monitoring systems are installed at all discharge points, and third-party testing is regularly conducted to verify compliance with national and Measures to enhance Disposal Efficiency
local standards. During the reporting period, the Company had no excessive pollutant discharge incidents and received no major administrative penalties or criminal liabili-tion system, and add a new SCR denitri?cation system.
The Company carefully manages the potential environmental impact of its wastewater discharge. Based on process and
system, and upgrade the odor collection and incineration treatment facilities. (from washing and bleaching), and white water (from papermaking), each with dedicated treatment pathways. The Com-
pany has built its own wastewater treatment facilities and continuously upgrades treatment technologies. Cooking waste
ery furnace to enhance its ability to control ?ue gas pollutants. vacuum ?ltration and directly reused. Intermediate water undergoes primary sedimentation, anaerobic treatment, biochem-
The Company engages third-party entities for waste gas emission monitoring, conducting monthly, quarterly, and annual
ical treatment, sedimentation, and sand ?ltration to remove solids and impurities before being discharged to the municipal
inspections at critical monitoring points to ensure compliance with emission standards. Additionally, it has established an
wastewater treatment plant.
equipment maintenance and operation support mechanism. In case of abnormal monitoring data, the General Manager's (未完)
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