移远通信(603236):2025ENVIRONMENTALSOCIALANDGOVERNANCE(ESG)REPORT
原标题:移远通信:2025EnvironmentalSocialandGovernance(ESG)Report Quectel Wireless Solutions Co., Ltd. 01 02 03 04 05 Quectel: Empowering a ESG Governance Environment Society Governance 42 Driving R&D Innovation Governance agement Sustainability Manage- 11 46 Digital and Intelligent Development 79 Protecting Investor About Us 25 Pollutant and Waste Management 04 ment Mechanism 49 Adhering to Technological Ethics Rights and Interests Our Business 28 Optimizing Energy Consumption 06 Materiality Assessment 13 49 Data Security and Privacy Protection 80 Compliance and In-Our History 31 Water Resource Utilization 07 Sustainability Risk Man- 15 52 Supply Chain Security ternal Control Honors in 2025 31 Circular Economy 08 agement 58 People-Oriented Approach 81 Business Ethics ESG Performance Highlights 32 Green and Low-Carbon Operations08 70 Occupational Health and Work Safety 34 Safeguarding the Ecological Envi- 73 Rural Revitalization Initiatives ronment 74 Social Contribution (ESG) Report About This Report This Report is the third Environmental, Social, and Governance (ESG) Report published by Quectel Wireless Solutions Co., Ltd. for its stakeholders. It provides a detailed disclosure of the Company’s prac- tices and performance in areas such as economic, environmental, social, and corporate governance responsibilities during 2025. The Report aims to facilitate effective communication with stakehold- ers and systematically respond to their expectations and requirements. The content of this Report shall be ultimately governed by its Chinese version. Reporting Period Terminology and References For ease of reading, the following abbreviations are used in this report:The Report covers a period from January 1, 2025 to December 31, 2025. To en-hance comparability and completeness, certain contents may extend beyond Abbreviation Full Name / Business Segment (ESG) Report About This Report This Report is the third Environmental, Social, and Governance (ESG) Report published by Quectel Wireless Solutions Co., Ltd. for its stakeholders. It provides a detailed disclosure of the Company’s prac- tices and performance in areas such as economic, environmental, social, and corporate governance responsibilities during 2025. The Report aims to facilitate effective communication with stakehold- ers and systematically respond to their expectations and requirements. The content of this Report shall be ultimately governed by its Chinese version. Reporting Period Terminology and References For ease of reading, the following abbreviations are used in this report:The Report covers a period from January 1, 2025 to December 31, 2025. To en-hance comparability and completeness, certain contents may extend beyond Abbreviation Full Name / Business Segment Hefei Yirui Anysmart Technologies Co.,Ltd. Guangdong Quectel Quectel Telecom Technologies Guangdong Co., Ltd. The Self-Regulatory Guidelines No. 14 for Listed Companies on the Shanghai Stock Exchange – Sustainability Report (Trial) (hereinafter referred to as the “Guidelines”)Guidelines No. 4 of Shanghai Stock Exchange for Self-regulation of Listed Compa- The Report is available in electronic format. You can access the Report on our official website (https:// (ESG) Report Message from Our Chairman For fifteen years, Quectel Wireless Solutions has remained steadfast in our platforms to foster an inclusive and mutually beneficial workplace where (ESG) Report(ESG) Report(ESG) Report Delivering Industry-Leading End-to-End IoT Solutions World-Leading R&D Capabilities Our Culture AI Solu- In-Vehicle tions Wi-Fi&- Solutions Blue- tooth Software Platform Mission Services Anten- na Edge Building a Smarter Earth Smart Comput- Agricul- ture ing Satellite Communi- cation Industrial Intelli- Vision gence Making Outstanding Contributions to Global IoT ?Focusing on the module market segment, providing one-stop IoT solutions centered around modules Development ?Leading innovations in products and technologiessuch as 5G-A, AI, Edge Computing, Smart cockpit, and satellite communication modules. ?Global R&D Network with Eight Centers (Shanghai, Hefei, Foshan, Guilin, Wuhan, Vancouver, Belgrade, and Penang) Quectel’s Global Footprint(ESG) Report Our Business Quectel specializes in the design, R&D, manufacturing, and sales of IoT wireless communication modules and IoT solutions, offering one-stop IoT solution encompassing wireless communication mod- ules, antennas, and IoT software platform services. With a diverse product portfolio and comprehensive functionalities, we meet various needs of smart terminal markets. Our products can be widely applied in smart transportation, smart energy, financial payment systems, smart cities, wireless gateways, smart agriculture, smart industry, smart living and healthcare, and intelligent security. Quectel Products and Services Product Application ScenariosCellular Smart Wi-Fi/Bluetooth Automotive ? IoV ? Fleet management ? Electricity ? Smart grid ? Wireless POS ? Vending machines 5G 5G/ 4G/Satellite 5G Wi-Fi ? ? ? ? ? V2X ? OBD meters ? Wind generators ? Cash registers ? Automatic re- 4G V2X 4G Bluetooth ? ? ? ? ? Vehicle tracking ? DVR ? Gas meters ? Solar power gener- ? ATM charge machines LPWA Smart Cockpit/Mul- Edge computing Zigbee/Thread ? ? ? ? ? Asset tracking UBI auto insurance ? Water meters ation ? Satellite ti-domain Fusion SBC LoRa/Wi-SUN/WM-Bus/ ? ? ? Ship tracking ? Thermal meters Charging piles ? Control AI Box other Sub-GHz ? 3G/ 2G ? GNSS Wi-Fi HaLow ? ? Smart Agriculture & Environment Wireless Gateways Smart City Short Range(Wi-Fi/Blue- Amazon Sidewalk ? ? Safety tooth/UWB/mmWave Matter ? Radar) UWB ? ? Automotive antenna ? mmWave Radar ? Street lighting ? Toll collection ? DTUs ? VOIP ? Food traceability ? Wildlife protection? Smart parking ? Advertising boards ? Farm irrigation ? Environmental ? Parking meters ? Smart bins ? Farm manage- Safety LED landscape ? ment Antenna Solutions Service GNSS lighting controlpositioning ? mmWave antenna ? Smart safety testing) ? Industrial PDAs/ ? Flowmeters ? Personal trackers ? Elderly care ? Alarms ? Gas detectors? Single frequency ? New dielectric antenna ? Certification & Testingscanners ? Industrial refriger- ? Pet trackers ? Patient care ? Intrusion detec- ? Motion sensorspositioning ? Small cell antenna and ? RTK Correction Solution(ESG) Report Honors in 2025 ESG Performance Highlights Social Performance Total Investment in Employ- Average Training Hours per Labor Contract Signing Social Insurance Coverage Employees Receiving Our ee Training Employee Rate Assistance RMB million 4.05 38.39 100% 100% 101 Total Participants in Safety Major Safety Incidents R&D Investment Proportion of R&D Expendi- Proportion of R&D Personnel Training ture in Operating Revenue 0 21,356 8.02% 68.13% RMB1,951 million Valid Patents During the Supplier CSR Agreement Total Charitable Donations Beneficiaries of Our Chari- Reporting Period Signing Rate table Contributions RMB1.983 million 778 100% 1,583 Environmental Performance Total Environmental Protec- Environmental Manage- Power Generation from Greenhouse Gas Emission Intensity tion Investment ment System Certification Renewable Energy ISO 14001 certified (ESG) Report Respond to the UN SDGs We support the United Nations 2030 Agenda for Sustainable Development and integrate social responsibility comprehensively into our corporate development. We actively align with the United Nations Sustainable Development Goals (SDGs), advancing sustainable practices across areas including corporate governance, product quality, innovation-driven growth, low-carbon operations, environmen- tal protection, employee development, digital and intelligent development, and social contribution.(ESG) Report Respond to the UN SDGs We support the United Nations 2030 Agenda for Sustainable Development and integrate social responsibility comprehensively into our corporate development. We actively align with the United Nations Sustainable Development Goals (SDGs), advancing sustainable practices across areas including corporate governance, product quality, innovation-driven growth, low-carbon operations, environmen- tal protection, employee development, digital and intelligent development, and social contribution.SDG16: Peace, Justice, and We actively engage in public welfare and rural revitalization initiatives to SDG 1: No We continuously improve our internal risk control mechanisms, improve education, culture, living, and other conditions in underdeveloped Strong Institutions uphold business ethics, and operate with integrity to ensure sus- Poverty areas. We have carried out charitable activities for five consecutive years, tainable development.with total donations reaching RMB 1.983 million in 2025. We focus on enhancing employees' awareness of occu- SDG 3: Good Health SDG 15: Life The environmental assessments for new projects, such as pational health and safety, creating a safe and healthy the global headquarters of Quectel and Linyi Quectel, show and Well-being on Land working environment. We achieved zero work-related no involvement of key marine ecological function areas, fatalities in 2025. ecological protection red lines, nature reserves, or other ecologically sensitive and fragile areas. SDG 12: Responsible Con- We safeguard the rights and interests of female We urge all bases to set resource-saving employees by offering dedicated benefits, Equality targets aligned with their operational sumption and Production including maternity and nursing leave, nursing realities to improve operational effi-rooms, and regular health seminars. These meas- ciency, and strictly control hazardous ures have fostered an equal, inclusive and wom- substances. We focus on environmental en-friendly workplace. protection throughout the product life-cycle to minimize environmental impact. SDG 10: Reduced We uphold diversity, equity, and inclusion (DEI) principles, strictly pro-SDG7: Affordable and We optimize the energy mix by installing rooftop distrib- hibiting workplace bullying and any form of discrimination. We forbid Inequalities uted PV systems at Quectel global headquarters and Clean Energy any verbal, physical, or visual abuse, harassment, or offensive behav-Changzhou factory, thus reducing indirect greenhouse ior, and eliminate discrimination based on race, color, age, gender, or gas (GHG) emissions. other factors.These measures have fostered an inclusive working environment. SDG 8: Decent Work We have launched integrated AI large model solutions combining modules, large (ESG) Report Stakeholder Communication Materiality Assessment Quectel maintains close, ongoing communication with stakeholders by establishing effective engage-ment mechanisms and diverse communication channels. The Company actively collects stakeholders’ opinions and suggestions, and ensures their right to participation and information access, enhancing Double Materiality Assessment stakeholders’ understanding and recognition of the Company.Stakeholders Key Concerns Communication Channels In accordance with the double materiality principle, we adopted a four-step assessment process and engaged (ESG) Report Stakeholder Communication Materiality Assessment Quectel maintains close, ongoing communication with stakeholders by establishing effective engage-ment mechanisms and diverse communication channels. The Company actively collects stakeholders’ opinions and suggestions, and ensures their right to participation and information access, enhancing Double Materiality Assessment stakeholders’ understanding and recognition of the Company.Stakeholders Key Concerns Communication Channels In accordance with the double materiality principle, we adopted a four-step assessment process and engaged Sustainability Risk Management Risk Management Structure Risk Management System At Quectel, we have established and continuously improved a comprehensive risk management system. We Board of Directors regularly update internal policies, including the Comprehensive Risk Management Measures and the Control Procedures for Addressing Risks and Opportunities, incorporating sustainability-related risks and opportuni- Provide overall oversight of risk prevention and control systems, including imple-ties into daily management processes to enhance our ability to mitigate risks and capture opportunities. mentation progress and effectiveness. We implement a closed-loop risk management process covering identification, assessment, response, imple- mentation, and evaluation of major risks or corporate crises. For newly identified significant risks lacking con- tingency plans, management coordinates relevant departments to promptly analyze, develop, and implement (ESG) Report Sustainability Risk Management Risk Management Structure Risk Management System At Quectel, we have established and continuously improved a comprehensive risk management system. We Board of Directors regularly update internal policies, including the Comprehensive Risk Management Measures and the Control Procedures for Addressing Risks and Opportunities, incorporating sustainability-related risks and opportuni- Provide overall oversight of risk prevention and control systems, including imple-ties into daily management processes to enhance our ability to mitigate risks and capture opportunities. mentation progress and effectiveness. We implement a closed-loop risk management process covering identification, assessment, response, imple- mentation, and evaluation of major risks or corporate crises. For newly identified significant risks lacking con- tingency plans, management coordinates relevant departments to promptly analyze, develop, and implement response measures, with the Internal Audit Department responsible for overseeing execution.Audit Committee Guide risk mitigation efforts, approve risk control policies, and evaluate the Compa-Risk Management Principles ny’s risk status and management capabilities. Comprehensiveness, Effectiveness, Prevention and Control, Independence, and Cost-effectivenessRisk Management Objectives Management To avoid and mitigate potential losses arising from risks, thereby ensuring the Company's sustained Lead the daily operations of risk management and internal control, and establish healthy development. and maintain a risk prevention and internal monitoring system for business and management processes. Risk Control Workflow Climate Change Response As a key participant in the communications and IoT industry, Quectel is fully aware of the systemic challenges and strategic opportunities brought by climate change. We have embedded climate ac- tions into our corporate governance and long-term development strategy, contributing intelligent and efficient solutions to support the global energy transition. Governance We operate multiple R&D centers and manufacturing facilities Scenario Assumption Scenario Description across China and beyond. Our Environmental, Health and Safety (EHS) departments at both the Company and its subsidiaries take In the absence of climate policy intervention, global GHG emissions and energy consumption the lead in coordinating climate-related management. Guided by High-carbon emissions scenario remain high. By 2100, atmospheric CO? concentrations could reach 3–4 times pre-industrial internal policies such as the Energy Consumption Management Pol-(>2°C warming, RCP8.5) levels. Energy demand for base stations and data centers increases significantly, and extreme icy and the Environmental Inspection and Monitoring Management weather events intensify impacts on infrastructure. Standards, we have developed energy management strategies tailored to the communications industry. We systematically identify Strong global decarbonization policies are implemented, significantly reducing emissions Low-carbon emissions scenario existing and potential climate-related risks affecting base stations, within a decade. This accelerates the green transition across industries and creates opportu-(≤2°C warming, RCP2.6) data centers, IoT product manufacturing, and office operations.nities for low-carbon technologies and intelligent applications.Each production site has established dedicated energy efficiency task forces focusing on energy-saving technological upgrades for communication equipment, integrated building energy manage- Identification of Climate Risks and Opportunities ment, and renewable energy utilization. These initiatives support emissions reduction at the source, reduce GHG emissions, and strengthen our foundation for climate governance. Physical Risks (High-Emissions Scenario) Impact Impact Risk Strategy Risk Description Mitigation Measures Magni- Time- Type tude frame Climate Scenario Analysis Develop emergency plans for typhoons, floods, and earth- Extreme weather events (e.g., typhoons, heavy quakes. In the context of increasing global extreme weather events, includ-Acute rainfall, earthquakes) may damage base stations, Employ the smart park's monitoring and early warning sys- Moder- Short- ing heatwaves, heavy rainfall, and flooding, our major operations Climate data centers, and production lines, disrupt logis- tem to capture meteorological information in real-time. ate term Risks tics and supply chains, and result in asset impair- Strengthen infrastructure protection and equipment in- are located in regions such as the Yangtze River Economic Belt ment and operational losses spections. and the Guangdong-Hong Kong-Macao Greater Bay Area, which are Enhance backup systems for materials and data assets. more exposed to such risks. Critical infrastructure, including base stations, data centers, and production facilities, may be affected. Rising sea levels threaten the safety of coastal During the reporting period, we conducted climate scenario analy-Enhance storage protection for goods and raw materials Medi-base stations, data centers, and factories; sis in reference to the TCFD framework, focusing on two scenarios: Chronic during rainy seasons. um-, Global warming may increase equipment loads, Climate Provide heat relief measures in high-temperature condi- Low and (ESG) Report Transition Risks and Opportunities (Low-Emissions Scenario) Risk Impact Risk Description Mitigation Measures Magnitude Type Timeframe Closely monitor domestic and international carbon policies, as well as the EU carbon tariff and green prod- Tightening “dual carbon” policies increase energy transition costs, uct access detection and dynamics; Policy intensifying the pressure for energy conservation and emission re- Optimize the energy usage mix by adding rooftop distributed PV systems at our global headquarters; Risks duction; Implement energy-saving and consumption-reducing measures, and cleaner production; Changzhou Quec- Medi- and The EU Carbon Border Adjustment Mechanism (CBAM) covers commu- tel has reached Level II cleaner production standards in the electronic components industry (domestically Short-term um-high Oppor- nication and IoT products, imposing additional export requirements advanced level);tunities for areas such as carbon footprint verification ESG compliance, while Impose ESG constraints on upstream suppliers to promote ESG compliance throughout the entire industry driving green industry upgrades. chain; Leverage policy dividends to seek funding support for the green transition.Tech- Green product design (low-power modules, high-temperature re- Actively expand green and low-carbon products, new energy, and smart application scenarios across mul- nology sistance, long standby time) involves significant R&D difficulties. High tiple fields. The Company has launched an integrated “module + large model + AI algorithm + platform” solu- Risks investment risks in the integration of technologies such as AI may tion, combined with end-side and cloud-side AI large models. We continue to make efforts in areas such as Medi- High and lead to asset impairment; new energy vehicles, smart agriculture, smart home, etc., to enhance product competitiveness; um-term Oppor- However, technological innovation can drive industry transformation Collaborate with upstream and downstream enterprises to build a green technology innovation alliance tunities opportunities and create differentiated competitive advantages. and reduce R&D risks.Market Market demand is surging for low-power, high-performance (posi- Continuously enhance our R&D capabilities for new products and new technology scenarios, focusing on Risks Medium-, tioning, transmission, AI integration) IoT and communication products new application scenarios such as industrial intelligence, smart elderly care, smart energy, ecological moni- and and long- High and sustainable application solutions. Industry competition is inten- toring, and the sharing economy; Oppor- term sifying, and low-efficiency products may face the risk of elimination. Expand overseas green markets to mitigate the risk of low-efficiency product elimination. tunities Repu- tational Regulatory agencies, investors, and the public are increasingly con- Gradually improve the ESG management system, regularly disclose ESG reports, and continuously enhance Medium-, Risks cerned about corporate ESG performance; insufficient green transi- the Company's mainstream ESG ratings; and long- Low and tion will affect brand reputation and investment opportunities, while Build a green brand image and strengthen communication and engagement with stakeholders through term Oppor- a strong performance can enhance our image as an industry leader. diverse channels such as live streaming, exhibitions, and product education. (ESG) Report Impact, Risk, and Opportunity Management We strengthen our risk resilience through multidimensional measures, explore low-carbon development opportunities, ensure stable operations, and support the green transition of the industry. Climate-related impacts, risks and opportunities management process Understand Business Activities and Identify and Assess Climate-Relat- Develop Climate Response Disclose Climate-Related Man- 01 02 03 04 Operating Context ed Risks and Opportunities Strategies agement InformationIdentify the potential impacts, risks, and op- Regularly disclose information regard-Gain a comprehensive understanding Formulate and implement targeted strat-portunities under both high- and low-emission ing the identification, and management of the Company’s operations, business egies in response to the evaluated cli-scenarios; and assess the impact severity and of climate-related risks and opportuni-structure and relationships, external mate-related risks and opportunitiesduration of the identified climate-related risks ties environmental influences, and affect- ed stakeholders GHG Emissions Reduction Initiatives (ESG) Report Impact, Risk, and Opportunity Management We strengthen our risk resilience through multidimensional measures, explore low-carbon development opportunities, ensure stable operations, and support the green transition of the industry. Climate-related impacts, risks and opportunities management process Understand Business Activities and Identify and Assess Climate-Relat- Develop Climate Response Disclose Climate-Related Man- 01 02 03 04 Operating Context ed Risks and Opportunities Strategies agement InformationIdentify the potential impacts, risks, and op- Regularly disclose information regard-Gain a comprehensive understanding Formulate and implement targeted strat-portunities under both high- and low-emission ing the identification, and management of the Company’s operations, business egies in response to the evaluated cli-scenarios; and assess the impact severity and of climate-related risks and opportuni-structure and relationships, external mate-related risks and opportunitiesduration of the identified climate-related risks ties environmental influences, and affect- ed stakeholders GHG Emissions Reduction Initiatives Quectel’s Environmental Management Structure Indicators and Goals We have established the Management Policy and Target Control Procedures to ensure the imple-Management Team mentation of environmental objectives. Detailed Targets, Indicators, and Management Plans are formulated and cascaded across departments. Progress is tracked based on corrective action plans submitted by responsible departments to ensure effective implementation.Heads of Branches and Subsidiaries GHG Emissions Performance Total GHG Emissions tCO e 38,392.88 2 GHG Emission Intensity tCO?e per RMB 10,000 of revenue 0.016Scope 2 GHG Emissions Offset by Renewable During the reporting period, tCO e 1,438.83 2 ? we invested RMB 1.6103 million in environmental protection. Statistical Scope: Quectel global headquarters and global offices, Changzhou Quectel, Linyi Quectel, and Penang Quectel. ? our factories, and partner factories have obtained ISO 14001 Certification. Note: Scope 1 GHG emissions refer to direct emissions from gasoline and liquefied petroleum gas consumption. Scope 2 emissions refer to indirect emissions from the consumption of purchased electricity and heat. The electricity emission factor for purchased ? we had no significant environmental incidents or violations against environ- electricity in GHG emissions calculation is derived from the Announcement on the 2023 Electricity Carbon Emission Factor, pub- mental laws and regulations. lished by the Ministry of Ecology and Environment in December 2025. Statistical Scope: Changzhou Quectel, Linyi Quectel, Penang Quectel, and Quectel Global Headquarters. Environmental Compliance Man-(ESG) Report Environmental Risk Assessment and Response Process Definition
Environmental Risk Management We have established and implemented the Environmental Hazardous Factors Control Management Hazardous Chemicals Management Policy, supported by documents, including the Hazard Identification, Evaluation and Control Regis-ter, the Environmental Factors Identification and Evaluation Register, the List of Significant Environ- mental Factors, and the List of Major Hazard Sources. We systematically conduct risk identification and hazard investigation, implement control measures for identified risks, and track and rectify Recycling hazards to achieve 100% closed-loop management. Transportation Storage Usage and Disposal Management Pollutant and Waste Management Environmental Education and Awareness We strictly comply with applicable environmental laws and regulations, and have established internal policies, including the Solid Waste Management Policy, the Hazardous Waste Management Plan, and the Guidelines for the We continue to strengthen our company-wide environmental management system through Operation of Waste Gas Treatment Facilities. We also hold valid pollutant discharge permits, and continuously structured and tiered training programs, significantly enhancing environmental awareness strengthen our waste management system to ensure that all emissions meet relevant standards.and safety practices among employees and stakeholders. (ESG) Report Pollutant and Waste Management Environmental Education and Awareness We strictly comply with applicable environmental laws and regulations, and have established internal policies, including the Solid Waste Management Policy, the Hazardous Waste Management Plan, and the Guidelines for the We continue to strengthen our company-wide environmental management system through Operation of Waste Gas Treatment Facilities. We also hold valid pollutant discharge permits, and continuously structured and tiered training programs, significantly enhancing environmental awareness strengthen our waste management system to ensure that all emissions meet relevant standards.and safety practices among employees and stakeholders.  |