About This Report
This report is the 15th independent report released by Longyuan Power Group Co., Ltd. With the deepening of practices and updates in concepts, the report's name has been changed from "ESG Report" to "Sustainability Report" starting in 2024. This is the company's second sustainability report.
Time Frame
The report covers the period from January 1, 2025, to December 31, 2025. To enhance comparability and completeness, some information is appropriately backtracked or extended.
Organizational Scope
This report covers Longyuan Power Group Co., Ltd. and its subsidiaries (consistent with the scope of consolidated financial statements).
Terminology
For ease of expression, "Longyuan Power," "we," and "the company" in this report all refer to "Longyuan Power Group Co., Ltd."
Data Explanation
The financial data disclosed in this report is sourced from the "2025 Annual Report of Longyuan Power Group Co., Ltd." Other data comes from official company documents and statistical reports, reviewed by relevant departments and verified by independent third-party organizations. Unless otherwise specified, all monetary amounts mentioned in this report are denominated in Renminbi (RMB).
Quality Assurance
We guarantee the completeness, substance, balance, comparability, and other aspects of the report's content, systematically elaborating on Longyuan Power's concepts, systems, behaviors, and performance in pursuing development, economy, ecology, and society. There are no false records, misleading statements, or significant omissions. We hope that the release of this report will improve the company's ESG management level, strengthen stakeholder communication, and promote the company's sustainable development.
Writing Standards
The report adheres to the Shenzhen Stock Exchange's "Self-Regulatory Guidelines for Listed Companies No. 17 - Sustainability Reports (Trial)," the Hong Kong Stock Exchange's "Environmental, Social and Governance Reporting Code," the International Sustainability Standards Board (ISSB) "International Financial Reporting Sustainability Disclosure Standards," the International Organization for Standardization (ISO) "ISO 26000: Social Responsibility Guidelines (2010)," the Global Reporting Initiative's "Sustainability Reporting Guidelines (GRI Standards)," and the United Nations 2030 Sustainable Development Goals (SDGs).
Access
This report is published in Simplified Chinese, Traditional Chinese, and English, and is available in PDF format on the Hong Kong Stock Exchange website (www.hkexnews.hk), Shenzhen Stock Exchange website (https://www.szse.cn), and the company's website (http://www.clypg.com.cn/). In case of any discrepancies, the Simplified Chinese version shall prevail.
Reporting Principles
This report strictly follows the Hong Kong Stock Exchange's "Environmental, Social and Governance Reporting Code" regarding the principles of "materiality," "quantification," and "consistency," while fully aligning with the Shenzhen Stock Exchange's disclosure standards for sustainability reports. It is centered on sustainable development, adhering to accurate, balanced, clear, comparable, complete, timely, and verifiable disclosure standards. By comparing domestic and international rating standards and combining the latest ESG trends and stakeholder survey research, 24 topics were selected to respond to the "materiality" principle. A comprehensive ESG information system covering the company's headquarters and subsidiaries was established to quantitatively track and verify key disclosure indicators in the report, ensuring the accuracy and verifiability of disclosed data, effectively responding to the "quantification" principle. By referencing the disclosure scope of the company's annual report and using unified data disclosure standards and statistical methods, the report ensures cross-period comparability of information, clear and understandable expressions, strictly adheres to disclosure timeliness requirements, and accurately, completely, and balancedly presents the company's ESG practice results and improvement directions, fully responding to the "consistency" principle.