Foreword
This report is the 16th Corporate Social Responsibility Report compiled by Zhejiang Weixing New Material Co., Ltd. (hereinafter referred to as the "Company" or "Weixing New Material") since its listing in 2010. The report objectively and fairly reflects the company's comprehensive performance in corporate social responsibility for 2025. Based on the continuity of corporate social responsibility fulfillment, the content involved in this report is not limited to 2025.
This report is compiled in accordance with the company's actual situation and the requirements of the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") "Main Board Listed Company Standardized Operation Self-Regulatory Guidelines No. 1", and also refers to the "China Corporate Social Responsibility Reporting Guide", "Corporate Social Responsibility Guide", "Sustainable Development Report Guide", and "SZSE Listed Company Self-Regulatory Guidelines No. 17 - Sustainable Development Report".
Report Disclosure Date: April 3, 2026
Report Access Channels: CNINFO: www.cninfo.com.cn Company Official Website: www.vasen.com
Report Feedback Mechanism: If you have any opinions or suggestions regarding this report, please contact us through the following methods. Company Contact Person: Zhang Jiajia, Chen Yinqiong ◎ Office Address: No. 688 Jiangshi West Road, Linhai City, Zhejiang Province Postal Code: 317000 Tel: 0576-85225086 Fax: 0576-85305080 Email: wxxc@vasen.com
Table of Contents
01 About Us 01 Company Profile 03 Overview of Corporate Social Responsibility System
02 Fulfillment of Social Responsibility 12 Protection of Shareholder and Creditor Rights and Interests 19 Protection of Employee Rights and Interests 27 Protection of Supplier, Customer, and Consumer Rights and Interests 32 Environmental Protection and Sustainable Development 37 Public Relations and Social Welfare Undertakings
03 Existing Deficiencies and Improvement Plans and Overall Planning 41 Existing Deficiencies and Improvement Plans and Overall Planning
01 About Us
Company Profile Founded in 1999, the company specializes in the research, development, production, and sales of high-quality new plastic pipes, and has actively expanded into indoor waterproofing and water purification equipment. It is a pioneer in PPR pipe technology and was listed on the SZSE in March 2010 (Securities Abbreviation: Weixing New Material; Securities Code: 002372). The company is a vice president unit of the China Light Industry Federation, a vice chairman unit of the China Plastics Processing Industry Association, and an executive vice chairman unit of the Plastic Pipe Professional Committee of the China Plastics Processing Industry Association. It has successively won honors such as "National Intellectual Property Demonstration Enterprise", "National Technology Innovation Demonstration Enterprise", "National Service-Oriented Manufacturing Demonstration Enterprise", "Top Ten Enterprises in China's Light Industry Plastics Industry", and "Top 100 Enterprises in China's Light Industry Technology". It has established a good corporate reputation and brand image in the industry.
The company has six major production bases in Linhai, Zhejiang, Shanghai, Tianjin, Chongqing, and Xi'an, as well as a branch factory in Xinjiang. It has established more than 50 sales companies and 30,000 marketing outlets domestically and internationally, with marketing networks covering all parts of the country and radiating to more than 50 countries and regions worldwide, providing efficient and convenient services to customers.