Environmental, Social, and Governance Report
Sinomach Precision Engineering Group Co., Ltd. 2024
About This Report
This report is the third Environmental, Social, and Governance (ESG) report released by Sinomach Precision Engineering Group Co., Ltd. (hereinafter referred to as "Sinomach Precision" or "the Company"). It adheres to the principles of authenticity and reliability, disclosing the work and achievements of Sinomach Precision in the fields of environment, society, and governance for 2024 to various stakeholders. Your valuable feedback is crucial for the Company’s continuous improvement in environmental and social performance. If you have any questions or suggestions regarding this report, please contact us at the following:
Address: No. 121, Science Avenue, New Materials Industrial Park, Xingyang City, Zhengzhou, China
Postal Code: 450199
Phone: 0371-86617052
Email: stock@sinomach-pi.com
Unless otherwise specified, the organizational scope covered by this report includes the Company and its subsidiaries. This report is an annual report, covering the period from January 1, 2024, to December 31, 2024, with some content extending beyond this period.
Report Scope
This report is prepared with reference to the Shenzhen Stock Exchange's "Self-Regulatory Guidelines No. 17 for Listed Companies - Sustainability Reports (Trial)", the State-owned Assets Supervision and Administration Commission's "ESG Special Report Reference Indicator System for State-owned Enterprises", and the Global Reporting Initiative's "GRI Sustainability Reporting Standards". The preparation is based on stakeholder communication results and employs a materiality assessment approach to identify significant issues during the reporting period, subsequently organizing the report around these issues. Materiality notes indicate the standards, methods, and applicable assumptions used for quantitative data. Unless otherwise specified, the information and data cited in this report are sourced from the Company's internal documents or relevant public information. This report has been reviewed and approved by the Company's Board of Directors, which guarantees that the content does not contain any false records, misleading statements, or significant omissions.
Data Source
Unless otherwise specified, all monetary units are in Renminbi (RMB).
Report Preparation Process
This report is compiled through a process that includes research interviews, data collection, framework establishment, report writing, report design, and departmental and senior management reviews.
Report Access
This report is published in Chinese, and you can obtain the electronic version of this report in Chinese from the Shenzhen Stock Exchange (www.szse.cn), the official website of Sinomach Precision (www.sinomach-pi.cn), and the Giant Tide Information Network (www.cninfo.com.cn).
Consistency
Unless otherwise noted, the disclosure statistical methods are consistent with previous reports to ensure meaningful comparisons.
Chairman's Statement
In the past year, we have made significant strides on the path of high-quality development, writing a magnificent chapter that belongs to us. This year, we have strengthened our foundation and soul, promoting high-quality development through high-quality party building. We have deeply studied the important speeches and directives of General Secretary Xi Jinping, earnestly implemented the requirements of the Group's Party Committee's inspection rectification work, and established a collaborative rectification mechanism with the "One Plan and Three Lists" as the blueprint, completing over 300 rectification tasks. We have achieved solid results in promoting rectification through inspections, building, and governance.
Following the unified deployment of the central government and the requirements of the Sinomach Group's Party Committee, we have planned high standards for party discipline education, fostering a more positive atmosphere. We successfully convened the first Party Congress, opening a new chapter. We have comprehensively enhanced the effectiveness of integrating party building with business operations, successfully completing the three-year planning goals for the "Three Primary Colors" team construction.