About This Report
This report is the first sustainable development report (hereinafter referred to as "this report") published by Shandong Shuangyi Technology Co., Ltd. (hereinafter referred to as "Shuangyi Technology," "the company," or "we"). This report is prepared based on the principles of objectivity, standardization, transparency, and comprehensiveness, providing detailed disclosures of the company's practices and performance in environmental, social, and corporate governance (ESG) for the year 2025. This report focuses on "Shuangyi Technology" and includes subsidiaries, and unless otherwise specified, the scope of this report is consistent with that of the company's annual report. The reporting period is from January 1, 2025, to December 31, 2025 (hereinafter referred to as "the reporting period"). To enhance the comparability and forward-looking nature of this report, some content is retrospectively adjusted to previous years or includes forward-looking descriptions. The report is published annually, in line with the financial year. Data sources for this report include original data from the company's actual operations, publicly available data from government departments, annual financial data, internal relevant statistical reports, and third-party surveys. The financial data in this report is denominated in RMB, and in case of discrepancies with the financial report, the financial report shall prevail. This report was approved by the company's board of directors on April 28, 2026. The board of directors commits to supervising the content of the report and ensuring that it contains no false records or misleading statements, and is responsible for the authenticity, accuracy, and completeness of the content. This report is published in Chinese, and the English version is translated from the Chinese version. In case of any discrepancies, the Chinese version shall prevail. This report can be accessed and downloaded from the company's website (www.shuangyitec.com.cn) and the Shenzhen Stock Exchange website (www.szse.cn).
Definitions
| Term | Definition |
|---|---|
| Shuangyi Technology, the company, or we | Shandong Shuangyi Technology Co., Ltd. |
| Wucheng Shuangyi | Shandong Shuangyi Technology Co., Ltd. Wucheng Branch |
| Lingxian Shuangyi | Shandong Shuangyi Technology Co., Ltd. Lingxian Branch |
| Tianjin Shuangyi | Shandong Shuangyi Technology Co., Ltd. Tianjin Branch |
| Yancheng Shuangyi | Shuangyi Technology Yancheng Co., Ltd. |
| Inner Mongolia Shuangyi | Shuangyi New Materials (Inner Mongolia) Co., Ltd. |
| Shuangyi Yachts | Shandong Shuangyi Yachts Co., Ltd. |
| R&D Institute | Shuangyi Technology R&D New Materials Research Institute (Dezhou) Co., Ltd. |
| Hainan Shuangyi | Shuangyi Yachts (Hainan) Co., Ltd. |
| Shuangyi Hengrun | Hainan Shuangyi Hengrun Investment Partnership (Limited Partnership) |
| FIBRENOVA | FIBRENOVA AUSTRALIA PTY LTD |
| Shenzhen Stock Exchange | "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 17 - Sustainable Development Report (Trial)" |
| GRI | Global Reporting Initiative "GRI Sustainability Reporting Standards (GRI Standards)" |
| CASS-ESG 6.0 | China Enterprise Reform and Development Research Association "Guidelines for Sustainable Development Reports of Chinese Enterprises" |
| SDGs | United Nations Sustainable Development Goals |
Chairman's Statement
Chairman: Wang Qinghua
Dear colleagues, partners, and friends from all walks of life:
The year 2025 is a crucial year for the company to practice the ESG concept and deepen its focus on composite materials. We adhere to the principles of "green development, responsibility first, and governance empowerment," integrating ESG into the entire process of production, operation, technology research and development, and supply chain management, actively fulfilling our corporate mission and achieving high-quality development alongside responsibility.