Sinofuse
Sustainability
Report
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%?????ǎ????ǎ????
TABLE OF
CONTENTS
COMPANY PROFILE SUSTAINABLE DEVELOPMENT TECHNOLOGICAL INNOVATION PARTNERSHIPS & SOCIAL
(ESG) MANAGEMENT & PREMIUM SERVICES RESPONSIBILITY
CHAIRMAN'S SPEECH 5 ESG GOVERNANCE STRUCTURE 11 TECHNOLOGICAL INNOVATION 49 RESPONSIBLE SUPPLY CHAIN 59
ABOUT SINOFUSE ELECTRIC 7 MATERIALITY ANALYSIS 13 QUALITY-CENTRIC SERVICE & INDUSTRY COLLABORATION &
PRODUCT DESIGN 53 SHARED GROWTH 63
COMMUNICATIONS WITH
STAKEHOLDER 14 CUSTOMER SERVICE ENHANCEMENT 55 SOCIAL WELFARE AND RURAL
REVITALIZATION 64
MATERIALITY ISSUE MATRIX 15
CORPORATE GOVERNANCE CLIMATE ACTION & PEOPLE-CENTRIC COMMON REPORT APPENDICES
& STABLE MANAGEMENT GREEN SYNERGY DEVELOPMENT
CORPORATE GOVERNANCE CLIMATE RISK ADAPTATION 33 EMPLOYEE DEVELOPMENT & 69 QUANTITATIVE PERFORMANCE
STRUCTURE 19 CAREER GROWTH METRICS TABLE 85
ENVIRONMENTAL MANAGEMENT 38
BUSINESS ETHICS & SYSTEM OCCUPATIONAL HEALTH & SAFETY 76 REPORT INDEX TABLE 88
ANTI-CORRUPTION 22
POLLUTANT TREATMENT 40
COMPLIANCE MANAGEMENT &
RISK MITIGATIONL 25 RESOURCE UTILIZATION AND
CONSERVATION 42
DATA SECURITY & PRIVACY
PROTECTION 28 ECOLOGICAL CONSERVATION &
BIODIVERSITY PROTECTION 45
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
About the Report
COMPANY
h?×? ?????ē ????? ē?? ???ē ???ē?×ò??×ê×ē? ?????ē ×????? ?? ?×??ò a×ò????? ê?·ē?×· ??? ?ē?? ɑ????×ò??ē?? ???????? ē? ?? ?a×ò?????
ê?·ē?×·???ē??????ò?????????ē??ē?????ê?????
PROFILE Reporting Period
January 1, 2024, to December 31, 2024. To enhance comparability aaJanuary 1, 2024, to December 31, 2024. To enhance compa-
rability and forward-looking insights, certain sections may be appropriately extended to both preceding and subsequent
years.nd forward-looking insights, certain sections may be appropriately extended to both preceding and subsequent years.
Report Boundary
h???????ē?×?·ê????ē??????ò??ò?×ē?????×?×??×?????ê?êê??òē???????ò?×?×ê×ē×??×ò?·?ò??×·???·×?ê??ò??ò?×??ò??òē?ê
aspects. All case studies cited are sourced from the Company and its subsidiaries.
Report Standards
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;?????????÷??U????? ??ń???????ɡ??????????×???????ń??????????????????????????(????????? ????????÷??????????;?????????÷??
U????? ??ń?????????????????×???????ń?????}??ń????????and the? :$?????????????????ń??issued by the Team on Climate-re-
lated Financial Disclosures (TCFD).
Report Reliability Assurance
The Company guarantees that the content of this report is true, accurate, and complete, without any false records, misleading
statements, or material omissions.
Report Access
h?×??????ē×????×ê??ê?×ò?×?×ē?ê?????ē?
???????··???×ēē????????????·×?ê????×ē?ɑ?ēē??????????×ò??????·???
??ē??a??ò???òaē?·??·??ò??????×ē?ɑ?ēē??????????????·ò??
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
CHAIRMAN'S
SPEECH
Dear Colleagues, Partners, and Friends from All Walks of ?ò?ē??·???????ò?×???ē??ē???????×ê?×ò?????ē?×ò??ê? ?ē??·ē???ē?????????êē?·?ò?ê??×·?ê?????ē??????????? the Company.
?×??? ecosystem. ?????ē×·?êê?????ê????ò?·ê??????????×?????êē????????
?·?×???????ê??·ê???????????ò·?ē???·???·?×ē×·?ê?ò???? We prioritize employee health and safety, with 100% of
In 2024, global energy transition and climate change chal- autonomy, while next-generation EV fuses (deployed across ?????·ē×?ò?????·??ē×?????/aM?????M··???ē×?ò?ê,??êē?
lenges coexisted, while geopolitical shifts and technological I. Innovation-Driven: Solidifying Technological Leadership and Safety Management System, supported by comprehen-
???·??òē?×?????ēò??????ē???ò·??????????ê???ê?ê?·ē?×?-
×òò???ē×?ò??··?ê???ē??ē????????×ò???×ò???ē??ê?ò?- ·?ē×?òē??ò?×ē×?ò??????ê???ê×???ē??ē?òê???·?òē×ò????ê? ?×?????êē?·????ò?????ē???·??ò×????????ê???ê×???
/òò???ē×?ò????????ē????×??????×?×ò????·????·??????ē?
scapes. Against this backdrop, Sinofuse Electric remains ê???×ò??ēē??ē?·?ò?ê??×·?ê???????òē·?ò??ē???×ò×ē×?ē×??×ò that only by growing together with employees can we
????ê????òē???ò·???????ē??ē???×ò·???ē?·?ò?ê??×·?ê
·???×ēē??ē?×ē??×?×?ò?????·??×ò??ò×òē????ē????ê?ē×?ò global competition and inject strong momentum into industry ???ò???ē??·????ē??ò?ē??????ē?×ò??ê?????ê????òē?
?????ē???????????×ê?×ò?????????×?ò?ê??×???ê???ê?
????×???????ò???????ē?·ē×?ò???ē?????????????×ò?ē?? ????ê????òē?
ē????????????ē??ê×??????êê?·??×òē?·?ò?ê??×·?ê·????×ê×- ????×ò??????????×êê×ò·??????×ò???ē??òē×ò×òē?êê×-
?????????ē×?ò??????ò?ò????·?ò????×?ò????????
ties—spanning materials, structures, and smart systems—in ??òē???ē?·ē×?ò???×·???????ò·×ò?×òē????ē????ê?ē×?ò????
sustainability principles into our corporate DNA through
??·ē???ê×??ò???ò???????×·ê???ò??ò?????ē??????M??? III. Mutual Prosperity: Building a Sustainable Supply Chain Y~??ò?????ē???????ò?????ò??·?òē×ò??????ò·×ò?ē??
????ò??ò???·ē??×ò??×òò???ē×?ò???×??ò??????·?????ò?
the past year, we empowered sustainable infrastructure Ecosystem ×òē?êê×??òē??????????????????????·ē×?ò????????×ê??
global responsibilities, forging new milestones amid chal-
ē?????????êē?·?ò?ê??×·?ê?????ē????????????????ē×·?êê? ?ê???ê????×·?ò?ē??????ò??????a'??×ò·×?ê??×òē?ē??
lenges. h??????ê?·??×ò×?ē???·????ò×ē????????????ē×ò?????
????ê????ò?·ê??????????×?????êē?????????·?×???? ?òē×????ê??·??×ò???×?×ò??????????????????ē??????ò?
?òē????×???????????ē??ê×?????òa'??ò?????òē
Since its establishment in 2007, Sinofuse Electric has jour- world-class performance to secure critical energy autono- and the industry.
???ē??·????×ò??êê????ê×??????ê?×ò?????ò???ē?×ò
ò????ē???????????????????ê????òē?h????????ēē?×? my, while next-generation EV fuses (deployed across 20+
/aM??????ò?/aM?????·??ē×?·?ē×?ò??h???????×?×ē?ê????ê? Dear colleagues and friends,
path, the Company has consistently adhered to a long-term ·??òē?×?????ēò??????ē???ò·??????????ê???ê?ê?·ē?×?·?-
·??×ò??ò?????òē????ò?????ò?×??ò??òē?ê?ò???·×?ê
?×ò???ē??×ē???????ē??ē??×·??·×?×?òē×??ēê??ê×?ò???×ē? ē×?òē??ò?×ē×?ò??????ê???ê×???ē??ē?òê???·?òē×ò????ê?
responsibility compliance from the source. Meanwhile, the a??ē?×ò??×ê×ē?×?ò?ē?·??×·??×ē×??ò×?????ē×???a×ò?????
sustainability principles. On one hand, the Company ê???×ò??ēē??ē?·?ò?ê??×·?ê???????òē·?ò??ē???×ò×ē×?ē×??
????ò??ē?×·ēê??ò???·???·?ò?×·ē?×ò???ê???ò?????òē Electric will join hands with our global partners, harnessing
???????ē?????ò??ò???·ē??×ò???×ò·×?ê????×ò×?×?×ò??ò?×- in global competition and inject strong momentum into
mechanism, guaranteeing 100% supply chain traceability ē?????????×òò???ē×?ò?ò?·??????ē??????ò?×?×ê×ē?ē?
ronmental impact across all operations from product R&D ×ò???ē??????ê????òē?
and fostering shared prosperity across the industrial chain. ????????ē???ē??ē×??ò?×??ò??òē?êê????ē?×ò??ê???????-
and production processes to packaging and logistics, with
E??×ò????????????×êê·?òē×ò???????ò×ò??ê???ê·?êê???- tionally secure, and socially responsible!
the commitment to building a sustainable green supply II. Green Manufacturing: Delivering on Our Dual-Carbon
ration with an open mindset, making sustainability the
·??×ò?Mòē???ē?????ò????????×?ē?òēê???????×òò???- Strategy Commitment Thank you!
common language connecting all our partners.
ē×?ò?·?òē×ò????ê??ò??ò·×ò??·????×ê×ē×??ē???ê×???
?×??????ê×ē?????×·??ē??ē???ē???ê?×ò??????ē????ò??? /òò???ē×?ò????????ē????×??????×?×ò????·????·??????ē?
As of the end of 2024, Sinofuse Electric had expanded its ????ê????òē???ò·???????ē??ē???×ò·???ē?·?ò?ê??×·?ê IV. People-Centric: Cultivating a Caring Corporate Culture
?????????????ē×?ò?ē???????·??òē?×???ò????×?ò?? ?????ē???????????×ê?×ò?????????×?ò?ê??×???ê???ê?
??ê????????ē?????ē??ê???ê?????ē????ò?òē????×???
'?×?????×ē??'???ò?/òò???ē×???????ò?×?ê?????ē?×ò??×ê×ē? ē????????????ē??ê×??????êê?·??×òē?·?ò?ê??×·?ê
n???ê?×ò?ē????ê???????????·ē?ē???ē??ò×ē???ò???ē??ê
capabilities—spanning materials, structures, and smart
”
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??????ē??????????×êē?·?????????ê????òē???ē??????êê
becoming a global leader in the fuse industry through inde- ???ē????×ò??·ē???ê×??ò???ò???????×·ê???ò??ò?????ē??-
employees, offering a dual-track promotion mechanism of
??ò??òē×òò???ē×?ò?·?êê?????ē×??×ò???ē?×?ê·??×ò????????? ????M???ē?????ē???????????????????ē?×ò??ê?×ò????
???ò?????òē????·×?ê×??ē×?ò?????????ò?·?ò?????×ē?×ò
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
ABOUT SINOFUSE
ELECTRIC
????ò?Y???ê? Global Presence
?×??òa×ò?????ê?·ē?×·????ē??ɑaē?·??????????????????ò????ò??×ê????????h??????ò?×????×·?ē??ē?ē????
?????·ē×?ò??ò???ê????·×?·?×ē???ē?·ē×?ò???×·??????????ò???ê?ē???··?????×???/ē???×ò?????·ē?×ò·ê???????????????ê?·-
tronic fuses, and excitation fuses, with power fuses being the leading product.
??? ????ǎ ???
Leading positions in
industries such as new
?ò???????×·ê?????ò????ê?
energy power generation
(wind and solar), energy
Detroit, USA
storage, and rail transit
VALID PATENTS MARKET POSITION EMPLOYEES PRESENCE IN
AND REGIONS
Corporate Culture Reutlingen, Germany
Vision
?·??×ò??ò×òē????ē????ê?ē×?ò????×???????ò???????ē?·ē×?ò???-
Seoul, South Korea
ē?????????????×ò?ē???????????ē×?ò??????ò?ò????·?ò????×?ò?
??灓??澴 ě???瀲A??ù???????澵 Japan, Tokyo
Mission R & D, Manufacturing Shanghai
??ē??×ò???????×?ò?ê??????ò???ò???·ē??×ò????·???ē???ê?? Suzhou
????ê?êê×ò?·??ē????ò??????×?×ò???·?ē???·×?ē?????ê???????ò? Shenzhen
???????ê??????ò??·?×??×ò???ē??ê????ē??????ē?ē??????ò? Hong Kong
and employees!
Thailand, Rayong
Values
tric Approach;
Global Branch Subsidiaries Sub- Regional Subsidiaries in
A??ù??????? d?ó?? subsidiaries Representative Establishment
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Product Models & Partnerships Passive Index
Battery packs, DC charging piles, MSD
Index Code Name
New Energy Electric Vehicle Industry ?×?????êē????×?ē?×??ē×?ò???????ē·?
,×?????êē????×?ē?×??ē×?ò????????ē??·ē×?òê?·???-
Rail transit industry ē×????ê?·???ē×???ò?En·????×ò??ò×ē????ē??
??·ē×????ò×ē?ē?×?????×ê·?êê?·ē?????ē????ē·? 931591.CSI a/????'???ē??/òò???ē×?ò/ò???
nYa??????????ê×???ê?????êē????×?ē?×??ē×?ò 866501.WI Wind Energy Theme Index
·??×ò?ē??ê?????êē?????×ē·???????????·??×ò?ē??
Communications Industry
and other industrial power distribution equipment
protection facilities.
??????
Wind-Solar Power Generation and /ò???ē????·???×ò????·?ò???ē??????×ē·???????ē·?
Energy Storage Industry
Social Awards
Awards / Honors Certifying Authority
China Electrotechnical Society
China Electrotechnical Society
Science and Technology Award
a???ò?×Y???×ò·×?ê????ē??òē??
High-Tech Enterprise
Science and Technology
a???ò?×Y???×ò·×?ê????ē??òē??
a???ò?×Y???×ò·×?ê'???êê?òē????×??
ESG Rating Science and Technology
a??ò?×Y???×ò·×?êE?ò???·ē??×ò? a???ò?×Y???×ò·×?ê????ē??òē??/ò???ē??
Agency Rating Champion Enterprise and Information Technology
QuantData A
?a??·×?ê×????a???×?ē×·?ē???×?????òē×?ê
?ò?/òò???ē×???aE? Ministry of Industry and Information Technology
Wind BB
·????×? ??ò??????
??×ò×?ē??ē×?????×ēē?????×??ò,×???h?·?
M?ē?ē?ò?×ò????ò·??E?ò???·ē??×ò?òē????×??
/ò???ē?×?????ê????òē??ò?
CCXI BB
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Sustainable Development (ESG) ESG
Structure
ESG
Responsibilities
ES Ggovernance System 2. ?????????ē?×ò??×ê×ē??????ē
??ê???×ò??òē????×??×ò?ò???????ē?·ē×?ò???ē??ē?·?ò?ê??????ē??ò???ò????×ò???ē???a×ò?????ê?·ē?×·?·ē×??ê???????ē? Board of Directors
the ??????????÷??????????×??$?????ń?????×òē????ē×ò??ò?×??ò??òē?ê???·×?ê??ò??????ò?ò·?ɑa'?·?ò·??ē?×òē??êê????·ē?
??????×ò?a'?×??????????ò·?×????????òē??×??×??òē×?·?ē×?ò???????????ò?
??×ē??????ē×?ò?ē??ò????????·ē×??×??ê???òē?ē×?ò?????ē?×ò??×ê×ē????·ē×·??? policies
In 2024, the Company continued to deepen the integration of ESG principles into its operations. On one hand, it further 5. ò·???????ò???????ēē??a??ē?×ò??ê????ê????òē???×ēē??×ò·?êê?????ē-
×???????ē????êē×?ê???êa'?????ò?ò·??ē??·ē???????ē??ê×??×ò??a??ē?×ò??ê????ê????òē???×ēē???ò???ē??'?ò???ê ing with other standing committees
E?ò??????M??·??·??×?????????ē?'?ò???êE?ò?????h?×?·???×ēē?????×?ē?ē????????×??·ē???×ò??????·?×ò??ò?
????×?×ò???·????ò??ē×?ò??òê?ò??ē???????ê????òē?ē??ē??×????????×ò???ē??òē??·×?×?ò???ò?a'??ê×·×?????ò×ē???a'
ē??ò????ê???òēē?ē?????×ò????ò?????????????·×?ē???×????ò??????ē?ò×ē×????ò?????????ē??×??ê???òē?ē×?ò??a'?ē?ò- 1. Exercise ESG-related duties on behalf of the Board of Directors
dards and progress toward targets. On the other hand, the Company strengthened sustainability management practices in
areas such as carbon neutrality, human rights optimization, and supply chain compliance. ×??????a'???ê?ē??????·ē×????ò??ê?ò?
Sustainable 3. ?ê×????ē??ò·?×ē×·?êa'??ēē??????ò×ē?????·?ē×?ò??ò????ê??ē?????????
against targets
???ê????òē
ESG Governance Structure of Sinofuse Electric Committee
corresponding mitigation measures
'?ò???êE?ò??????M??·?
ESG Team
????·ē×???
a??ē?×ò??ê????ê????òē???×ēē??
ESG Team
ational domains
Functional
Departments
Finance Department, Human Resources Department, General Adminis- 4. ?ò??·ē???×??×·???×?????a'????????ò·????×ò?ē??ē??ê×????????·ē×???
ē??ē×?òM??·??/ò?????ē×?òh?·?ò?ê???????ē??òē??,???????ē???? ?ò?????×??×????????òē??·????ò??ē×?ò?
Testing and Inspection Center, Strategic Promotion Department,
aē??ē??×·E????ē×ò?????ē??òē?????ē×·a?ê???òē???M???????
Market Department, Engineering and Manufacturing Headquarters,
Y??·?????òē????ē??òē?\??ê×ē?????ē??òē????ò·??E?ò???·ē??-
ing Center, Thailand Factory
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Materiality Assessment Process Communications with Stakeholders
Dual materiality analysis is the core of preparing annual sustainability reports, formulating long-term sustainability strategic h?? ?ē?????ê???? ?? a×ò????? ê?·ē?×· ×ò ??·×?ê ?????ò?×?×ê×ē? ×ò·ê??? ???????ê?????×ò???ē???? ·??ē?????? ????ê×???? ???ê??????
????·ē×?????ò??ē??·ē??×ò??ē?????ê????ò??????òē??·??ò×?????a×ò?????ê?·ē?×·?a×ò?????ê?·ē?×·???????òē??ē???×??ò- ?????ò??òē?????ê?ē??????ò·×???·????ò×ē×????ò????×??
?×?ò? ?? ?ò?ò·×?ê ??ē??×?ê×ē? ?ò? ×???·ē ??ē??×?ê×ē?? ??? ??ē??ê×???? ?ò a' ×???? ·??·?ê×?ē ?? ??????ò·×ò? ē?? ???÷??????????
;????????? ?? ɡ? ÷?? U????? ??ń????? ?? ???????? ????? (??????? ? ????????×????? ??ń?? ?:??????? C?ń???????????? and ???÷??????????
;????????????÷??U????? ??ń????????????????????(??????? ?}??ń????????÷????????×???????ń?? issued by the Shenzhen Stock Stakeholder Material
Channels Response
?·??ò???ē??nò×ē??G?ē×?ò?a??ē?×ò??ê????ê????òē'??ê?ɑa'???ē??'/aē?ò??????????/aM??????aa??ê???òē×?????? Segments Concerns
?ò??ē??????ē?×ò??×ê×ē????ê?ē???ē?ò??????????êê??a'??ē×ò?????×·????·???Ea/?Y?a/?×ò???ē·?h??????ò????
×??òē×??? ?ò? ·?ò??ê×??ē?? ??ē? ?ò×?????ê ?ò? ×ò???ē??????·×?· a' ×????? ???ê×·??ê? ē? ×ē? ?????ē×?ò? ?? ??????ò·×ò? ??·??
??ê×·×???ò???·ē??????·×?·????ê?ē×?ò?×ò×ē??????ē×?ò?ê???×??×·ē×?ò??????êê????ē??×?ê×ē?×??????ê?·ē×?ò??ē????ê??×???ò? /òò???ē×?ò???×??ò a??ē?×ò???/ò???ē??òē
prioritization results from industry peers. General Meeting of Y????·ē?ò?a???×·? Enhanced Product Quality
Shareholders Shareholders Safety and Quality ????ē'????ò?ò·?
Board of Directors Meeting ??????ē?'????ò?ò·? structure
?
Earnings Presentation Information disclosure Standardized Periodic
/ò???ē??? /ò???ē??Y??ò??ò????ò·?? and transparency Disclosures
/ò???ē???ê?ē×?ò?·ē×?×ē×?? Anti-commercial bribery Anti-Corruption Training
and anti-corruption Implementation
Establishment of ESG Issue List: Clear Emission
Climate Resilience Strategy Reduction Targets
Conference calls Y????·ē?ò?a???×·?a???ē? Rigorous Quality
???ē??ê×???ò×ò??òē???????a'×??????×ē???????ò·?ē?×òē??ò?ē×?ò?ê?ò??????ē×·???ē?×ò??×ê×ē??ē?ò??????×ò·ê??×ò?? Emails and Quality Control Process
Customers Mò??×ē??×?×ē? Data Security and Encryption Technology
Customer seminars Y?×??·?Y??ē?·ē×?ò Application
Product training /òò???ē×?ò???×??ò a??ē?×ò???/ò???ē??òē
Stakeholder Engagement Transparent Communication
Mechanism
Green Energy Transition
Emails Climate Resilience Strategy
ò??????·×?ò·?
ò?×??ò??òē?ê Social issues Conference calls Energy Utilization
a??ē?×ò??ê?????ê????òē /????????òēYê?ò
Issues Mò??×ē??×?×ē? Supply Chain Security
?????ò?ò·?×????? Suppliers Supply Chain
Supplier conferences Data Security and
Resilience Building
Instant messages Y?×??·?Y??ē?·ē×?ò
Data Encryption Protection
??×ò?????×??E??ē×ò?? Use of eco-friendly materials
Eco-material Procurement
??ê????h??ò????
Employment and Workforce Analysis
Employee Conferences Mobility ???ê??a??ē???ē×·
Departmental Internal Meeting Employee Training Training Plans
Employee
Materiality Assessment and Validation: Performance Feedback Meeting ?ò????ê????òē ò??ò·??ê?????ò??ē?
??ê??????ē×???·ē×?ò?????? ????ò??ē×?ò?ò??ò??ē? M?ē×?×?????ò?×??ò??òē
Occupational Health & Safety and Facilities
%??×???·ē??ē??×?ê×ē??a×ò?????ê?·ē?×·???ê×??ē??%Eɑ%?×ê???E????ò????·ē?ò?ê??×??????ê????òē×??×ò?×???·ē?×?ò×?-
·?ò·??????·?ê???·????×??????×??×ê×ē???ò?ê×??ê×?????×??ò?×?ò???ò?·?ê·?ê?ē??×??Y?×??×ē?G??????ɑYG??×???êē×?ê×·?ē×?ò?
Carbon Footprint Reduction
???a???ē?a?????×?×?ò Climate Resilience Strategy
Sustained R&D
%???ò?ò·×?ê??ē??×?ê×ē????ê??ē×?ò???????×ò·??????ē??????ē?ē???????×???ē?????ò?ê?ò??ē???ē??????ê?×??ò?×?ò???×??ē- '????ò??òē Meetings /òò???ē×?ò???×??ò
×ò???ē??òē
? Industry Policy Seminars Anti-commercial bribery and
???·??×ò???????ê×??ē??ò?ò·×?ê×???·ē??·????ē×?????×??ò????ò???ē×ò??·?????×ē??ò?ò·×?ê??ē??×?ê×ē??·???? Eradication of
Industry-related anti-corruption
Regulators Commercial Bribery
Exchange Forums ò?×??ò??òē?ê???ê×?ò·?
aē?×ò??òēò?×??ò??òē?ê
Special Policy Dialogues Management
a?????×?×?ò
Issue Reporting: Social Media Update Climate Resilience Strategy
Carbon Footprint Reduction
Adopting Renewable
Community Engagement Use of eco-friendly materials
Communities Materials
?ê??????ò?×??ò??òē?ê Waste Disposal
a×ò?????ê?·ē?×··?ò?ē??·ē????ē??×?ê×ē??ò?ê??×???ē?×???????ò×???????ê??ē×?ò????êē?ē???×??×ē×??×?????×?ò×?·?ò·??h?? Implementing
& Reports Pollutant Emissions
Recycling Programs
report focuses on highly material issues. Media Online Forum Interaction Water Resource Utilization
Reducing Emissions
Email Communications ·????ē???ò?×??×????×ē?
/?????×ò??ē????·×?ò·?
Multi-stakeholder Dialogue ?ò?????ē×?ò
h??????ò???ē?ē??????ê???ò???×??×ē×???×?????ē?·?ò·?òē??ē???????·???ò·?×ē×·?êa'×??????????·ē×??ê???×?×ò????ē?×ò??×ê×ē?? Y??ē?·ē×ò?×??×????×ē?
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Materiality Assessment Findings
Material Issues List No. Issues Field
/ò?????a×ò?????ê?·ē?×··?òē×ò???×??òē×??×ò????ē?×ò??×ê×ē?×??????ò???????×ò???·???ò×ò?ē??×???ē??×?ê×ē??h????ò?????òē
?ò????·ē×·?????????ò·???ē????×??òē×???×?????????×?·ê?????ò??????ò????··???×ò?ê?×òē???????ē?h??????ò??????
??·???????×ò·ê???×òò???ē×?ò???×??ò????ē??·??????ē??????ò?ò·??????ê?·??×ò??·??×ē??·ê×??ē?·??ò???×ē×??ē×?ò?????ē?-
ē×?ò???ē???·??×ē??·??ē??????×??·????ē?·ē×?ò??ò??ò?×??ò??òē?ê·???ê×?ò·???ò?????òē? 1 /òò???ē×?ò???×??ò Society
'????ò?ò·????a??ē?×ò??ê?
Materiality Issue Matrix 3 Supply Chain Security Society
Highly Material
ò?×??ò??òē?ê???ê×?ò·?
Management
'????ò?ò·????a??ē?×ò??ê?
Impact Materiality
Issues
Hazardous substance
·????ē???ò?×??×????×ē?
Anti-Commercial Bribery and '????ò?ò·????a??ē?×ò??ê?
Shared Growth
Not Material Highly Material '????ò?ò·????a??ē?×ò??ê?
???ê????òē
???岡∠?慌夀?
Financial Materiality
'????ò?ò·????a??ē?×ò??ê?
???ê????òē
'????ò?ò·???????ē?×ò??ê?
ò?×??ò??òē???ê?ē?? Society-related 27 Noise monitoring ò?×??ò??òē
????ê????òē
Corporate Governance
& Stable Management
a??ò?·??????ē??????ò?ò·?×??????????òē×????ē?ò·?ē?
Sinofuse Electric. We continuously standardize operational
processes, clarify the responsibilities and authorities of each
?????ē??òē??ò??ò·???·×?×?ò????×ò????·×?ò·???ē×??ê?ē?
???ê????·???ē×?×ē???ò??ò?????ē???????×ò???????ê????òē?
Externally, the Company maintains information transparency,
?ò??ò·??×ò???ē??·?ò???ò·???ò??ê???ē????ò?????ē?ē×?ò?/ò
?????ē??????ò???ē??ê×??????×????×?????????ē??·ē???ē?
?ò?????·×?òē×?·??·×?×?ò????×ò???×ê??ē??ò?ē??ò×ò??????×??ē
??·??ò×????×ē???êê?·?·ê????×ē·?òē??ê?????ò?ò·×?ê?ò?
process compliance. Furthermore, the Company aligns with core
ESG principles by enhancing information disclosure, regularly
sharing key updates with shareholders and the public to
????ò?ē??ē??????ò?ò·?????·ē×??ò????ò???×?????ē?×ò??ê?
progress.
????=??Y???????ò·?
In 2024, all directors of the Company diligently performed their
duties, with a total of ?????????ē×ò???ò????????×?????????
???ē×ò?? ??ê?? ?·?×??×ò? ? ???? attendance rate at board
ê×?ò×ò??×ē?a??ē?×ò??ê????ê????òē'??ê?
meetings.
In 2024, independent directors accounted for ????? of the Strategic
Committee, ????? of the Audit Committee, and ????? of the
Nomination Committee and Remuneration & Appraisal Committee.
/ò?????ē??????ò??·?×?????ò???????×ò??·??ò???×?·ê????? ??????ē?'????ò?ò·?aē??·ē??? 19
ratings. Business Ethics & Anti-Corruption 22
Compliance Management & Risk Mitigation 25
/ò?????ē??·?????????ē????òē×?·?????ē×?òē??×ò×ò????ò?
employees reached ????, and the signing rate of the Integri-
?ē?a?·??×ē??Y?×??·?Y??ē?·ē×?ò 28
ty Agreement by employees was also ????.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Diligent Duty Performance & Implementation
Corporate Governance Structure
The ??????÷}????????÷?? ????????????????ò??ē??ê×????ē?????×???ē?ò????×??????ē?·?ê???????ē×ò?·?ò??ò×ò????ē×ò?
The Board of Directors of Sinofuse Electric demonstrates ongoing commitment to safeguarding the legitimate rights of the Com- ???·????????ò????????ê??ê×????ē×?ò?ē??ò??????êê?·???ê×?òē?ò??????ē×?ò?êê????·×?òē??????????ò?ò·??/ò??????êê
??ò??ò??êê???????ê?????????·ē×??ê???ê?êê×ò???ò?????òē?????ò?×?×ê×ē×????ò?·?òē×ò????ê??ò??ò·×ò??????ò?ò·?·????×ê×- ?×??·ē?????ê?êê??ē??×???ē×???×ê×??òēê????ê?×ò??????????ē×ò???×ē??????ēē?ò??ò·??
ē×???/ē?ē??ò?ē??ò??????×ò????ò??ò·??ò??×????×ē???·ē×??ê??ò??????×ē?×ò???ē???????ē×·×??ē??×ò×ò???ē????ê?ē×?ò???ò-
/ò?????ē????????×??·ē??????×????????×????a'???ê?ē?????????ê??×ò·ê??×ò?ē??????òò??ê????ē???????????
agement, and standardizes information disclosure practices.
Directors Work Report, 2023 Internal Control Self-Assessment Report, Proposal on Establishing the Independent Directors Spe-
cial Meeting System, Proposal on Adjusting the Members of the Third Board of Directors Special Committees, and Proposal on
Governance Structure ??×?×ò?ē??????ò????ê???òē'????ò?ò·?a??ē????h????×ò×ē×?ē×???????·???????ò?×??ê??ê???ē??ē??????ò???a'
??ò?????òēē??ò??ê???ê?
Strictly adhering to laws and regulations such as the Company Law of the People's Republic of China, Securities Law of the Peo-
?ê???????ê×·???×ò????????ē?'????ò?ò·????????×?ē??????ò×??×ò?×ò???ò?ē??a??ò???òaē?·??·??ò???×?ē×ò?
?ê???a×ò?????ê?·ē?×··?òē×ò????ê????ê???????ē???·ē×·??×ò?????ò·??????ē??????ò?ò·??×òē????ē×ò??ò?×??ò??òē?ê???·×?ê?
Indicators (times) 2022 2023 2024
?ò??????ò?ò·?ɑa'???×ò·×?ê??×òē??êê????·ē????????ò?ò·?ē???×?????ē?×ò??ê???ê??·???ē×?ò?
The Board of Directors has established four specialized committees (Strategy, Remuneration & Appraisal, Nomination, and Audit General Meeting of
???×ēē??????êê?????ē×ò?×ò?ē?×·ē·???ê×?ò·??×ē?·??????ē??????ò?ò·???·???òē?×ò·ê??×ò??????????????÷??? ??????????? Shareholders
??? ??????????????????????÷??? ?????????????????ńń?????? ??????????????????????÷??? ????????????? ????????????????
??????÷??? ???????? ???????????????????????????÷??C???ń??????$?????????????ń?????????????????÷??C???ń??????$????????,
Board of Directors
thereby ensuring robust shareholder rights protection and standardized corporate operations. Meeting
a?????×???????×ēē??
Meeting
General Meeting of Shareholders
a?????×????
Committee
Advancing Diversity and
Board of Directors General Manager
Independence
Specialized Committee As of the end of 2024, the Company has 9 directors, including 3 independent directors,
least one independent director with accounting expertise and one with industry-specif-
×·?????×?ò·?ē??ò????????·ē×???????ò?ò·???·??????ē???ēē???? Audit Committee
a??ē?×ò??ê????ê????òē Independent Director
Audit Committee
??乩????? '?ò???êE?ò??????M??·?
Committee
and Appraisal
Remuneration
Committee
Strategy
Committee
Nomination
Committee
The Company's independent directors comprise seasoned professionals with special-
×????????ē×??×ò?··??òē×ò??ê???ê????×????ò?×ò???ē??????·×?·ē?·?ò×·?ê????×ò???·?
?×??·ē????ē×????ē??×ò????ò??ò·?·?×ē??×???ò??ē????ē??????????????????????÷??
C???ń??????$?????????÷U????? ??ń?????and the ???÷??????????;?????????÷??????????
?????(???????U????? ??ń???????ɡ?????????cń????????÷????? ????U????? ??ń?????,
Internal Audit ×ò·ê??×ò?????ò·??????·?ē×????ò?ò????·?ē×????ê??????ò?ē??×?×ò????ò??òē?×??·-
Department
torship within the organization; no material relationships with the Company or its con-
ē??êê×ò????????ê???ē??ē·??ê?×???×?????·ē×????????òē?????êê??·??ē×?·?ē×?ò??ò?
The members of the Board of Directors are elected by the shareholders' meeting, with each board term lasting three years. ?ò?×?·ê????????ê???òē?????ò??ē???·?×???????ē??????ò??×ē?·?òē??êê×ò??????-
Sinofuse has stipulated the nomination methods and procedures for directors in documents such as the ???????÷??????????. To ??ê?????????ê×?ē???òē×ē×???h???????????????×ò????ò??ò·??×ò????ò??òē?×??·ē??? Independent Directors of the
?ò??????×??ê???ê??ē??ò?????ò·?×ò·??????ē??????ò?ò·??ē??????ò?????ê??ê??×?·ê????×ò?????ē×?ò????ē?×??·ē???? shall constitute at least 66.7% of Remuneration and Appraisal Committee, Audit Com- Nomination Committee and
Remuneration & Appraisal
external positions. For details, please refer to the Company's ???????????ń??? mittee, and Nomination Committee. Committee
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Standardized Remuneration Management
Integrated with Sustainability Principles In 2024, the Company successfully completed the preparation of the 2023 annual report, 2024 Q1 report, interim report, and Q3
report, issuing 82 temporary announcements with zero disclosure errors. Additionally, the Company responded to 83 exchange
??×òē???·ē×??\???×ē???????????ò????ē?????ē×·×??ē??×ò?òê×ò?????×ò???????????ē??ē??????ē×ò????ò?·?ò??·ē????
h??????ò??????ò???ē×?ò?ò?????×??ê???×ēē??×??????ò?×?ê?????????ê?ē×ò??ò????×??×ò?ē??·????ò??ē×?ò??ê×·×??
×ò???ē?????ē×ò??ɑ??ē??×?ē??ê?ò??ò??×ē??h??????ò??·ē×??ê?ê×?ē?ò?ē??×ò??×ē????????ê???????×ò×?ò??ò???????ē×?ò??
?ò??·?????????×??·ē????ò???ò×????ò?????òē???????òē??·??????ē?????·ē×????ò?ē????ē???ē??ē????????×??·-
???????×ò?×ò???ē??·?ò·??ò???×ê?????·ē×??ê?·????ò×·?ē×ò?·??????ē?????ê????òē??h?×?????ò??ò·??·??×ē?ê?????ē
ē????×ò???ē????ò·?????×ò???ē??ò·????ò??ē×?òê???ê??????êê??ē?????·×?·?????ò?×?×ê×ē×???ò?ē×??·???×ē??òē???×ò?×-
understanding and recognition of the Company. Through these measures, the Company has established standardized, direct,
?×???ê?×??·ē????ò????·?ē×????h?????×ēē???ê??????×?????·????ò??ē×?ò???????×ò?ē??×?????????ò·????ê??ē×?ò·?×ē??×??
?ò????·×?òē·????ò×·?ē×?ò·??òò?ê??×ē?×ò???ē????h?×????×???????·??????ē??????ò?ò·??ē?ò????????ēē?????ē?·ē??
h?????×ēē??????????ē??×??ê???òē?ē×?ò??ē??·????ò??ē×?ò???ē???ò??ò?????ē??ēò??×??·ē????ē??×????ê×?ē?????ē×·×-
×ò???ē???×??ē?ɑ???ē×·?ê??ê?????×ò??×ē????????ê???????ò????ē???????×ē×??×òē???·ē×?ò??ē???òē??????ò??ò?×ē?×ò???ē????
??ē?×ò??ē???×ò×ò?ē??×???ò????ò???ē×?ò?h??·????ò??ē×?ò?·??????????ò×????ò?????òē???????×??????ò?×ò????ò??òē
?×??·ē??????×??ê???òē???òê???ē????ē?×ò×ò????????êē???????????·ē×???????ò?ò·????×???ē????????×??·ē????a????-
?×???????×ēē????ò?a??????ê?????E??ē×ò??
a×ò?????ê?·ē?×·??×òē?×ò??ò???·?ē×??·????ò??ē×?ò?ē??·ē???×òē????ē×ò?ê?ò???ò?????ē?ē???×ò·?òē×????·????×?×ò?????
??×ò???ē?×·??òē×??????ē×?ò
??ê????????????ò·??????êê???ò·?????ò??ē???òò??ê??ò??????ò????×ē?×ò·?òē×????h????????ê???????×?????ò????òē?ê
support for standard position operations and team maintenance, performance pay is linked to strategic KPIs, including corpo-
??ē????ê?ēē?×ò??òē??????ē×?ò?ê????êē???????·ē×òò???ē×?ò??????ē????ò?×?ò????·×?ò·?×????????òē???ò?ē?ê?òē????ê??-
??òē???????ē?ē????ê×?ò??òē??ò????×ē?×ò·?òē×??????ē?????ē?×ò??ê?????ē?ē??????????????ò????×??
Sinofuse Electric strictly complies with China's anti-corruption laws, the ???????????? ??????????????? ????ń?????? ?,
upholding integrity commitments for both the Company and its business partners while continuously strengthening ethical
Protection of Investor Rights and Avoidance of corporate culture. The Company maintains a zero-tolerance policy against corruption, bribery, fraud, and money laundering,
?ò?×·ē???/òē????ē applicable to all personnel (including contract and temporary staff) across all jurisdictions. This prohibition extends to suppliers,
·?òē??·ē?????ò?????×·?????×???????????·?òē??·ē??êê???ê×??ē??ē???????ē?ē?????òē×?·?????ē×?ò?ē?ò????????×ò??????-
ē×·?ò?×òē??ò?ē×?ò?ê???×ò????????ē×?ò??ò?×ò???ē??òē?·ē×?×ē×???
h??????ò??ē?×·ēê????????ē?ē??????ē?×?ē?×??ē×?ò??ê×·×???ò????×?????·??????×ò?··????ò·??×ē?ē?????;????????÷??
?????ń????????÷U????? ??ń?????? ???$???????$?????×??????÷U????? ??ń????????????? by the China Securities Regulatory Com-
mission and the ???????÷??????????????ē??×ò?ē??ò?????òē?×?×??ò??ē?ò????????ē×???ò??????ē??·×?×?ò????×ò???·??ò×????
??×ò?ē???????ê?ē×?ò?ò????????ê??ē???×?ē?×??ē×?ò?ê?ò?ē??×ò????ò??òē?×??·ē?????ê?êê??ē??×???ē×???×ē?????×ê×??ò·?
òē×??????ē×?òh??×ò×ò??????ê?????
?ò??ê?????ò???????×?ē??????×??ē??ê??h?????·????·ē×??ê?×ò·??????ē????????·??ò?·?ò·??ò??????×ò??×ē????????ê?????
?ê???òē???????ê????????×?????ò?????????????ē?ē????????×??·ē????ò?ē??a?????×???????×ēē??????????×ò?
????×ēē??ē?ē?????????ê????????ē×ò??????ê×????ē×?ò?/ò????ò??òē?×??·ē???????×????????ê??×ò×?ò???ò????ò???????ê?
ē???ê?ò???×??ê???òē???×ē?×òē???ē×??ê?ē??ē×????????????·ē×??ê??????????×ò?ē??×òē????ē????êê???????ê????? a×ò?????ê?·ē?×·?×????òē×?·?????ē×?òē??×ò×ò???·?×ē×·?êē???×?×ò????ê?????????ò???????ê×·×???ò????·ē×·??????ē??×ò?
??????ò·?ē????×ò????ē?×·???ò??????òē×ò?·?????ē×?ò??·??ò×????òē×?·?????ē×?òē??×ò×ò????·?×ē×·?ê×ò×ē×?ē×??ē???×ò???·?
MòE??????????ē??????ò???????òò??ê'?ò???êE??ē×ò?????????ē??}??ń?????? ????}????$?????×?????}?????????? employee awareness of corporate anti-corruption policies and ethical business practices, empowering personnel to maintain
C?????? ???$??????????????h??????ò??×?ē?×??ē??·????×?×??ò????E???????????????ɑē??×ò·ê??×?????????ò×ē?ē?ē?ê ×òē???×ē?ē????????ēē??×????????×?ò?ê·????????????òē×ò?????·??????òē×?·?????ē×?ò???ê×ò???/ò?????ē??????ò???
?????·??×ē?ê???????????????????????òē×ò?ē??ò???????ē?·????×?×??ò??????ē??E?ǎ??????????????×·????·??- anti-corruption training program was primarily organized and managed by the Human Resources Department, including training
?ê?ē???ò;?ê?????????/òē????·?ò???ê????????ē??????ò??×?ē?×??ē??·????×?×??ò????E?????ǎ?????????????ɑē?? ??ê×??????·????ê×ò???ò???·????????×ò??h????ê?ē??·???????????×???×ê?·?ē????×???×òē?ê???ê×òē?????ē?ē×?ò·????????ò?
×ò·ê??×?????????ò?ò?????ē???????·??×ē?ê??????????????????ɑ??ē??????·ē×ò?????????????·?????????????ē?ē?ê×ò?E ·??????·????×ò?????ò???ê×·×???ò????????×?ò?ê?ē?×·??
???? KEY
Mò;?ò????????????ē??????ò?·?ò??ò??×ē????ē?ē?????×ò???'?ò???êE??ē×ò?????????????ē??Y??ń??????????????? PERFORMANCE
?? ??ń?????;?????????$????????????????????×ò·ê??×ò????×?×?ò?ē?ē???ê?ē??Y??ē?h??ò??·ē×?ò?E?ò?????òēa??ē???h??
????ò??ē?×·ēê?·???ê×???×ē????ê×·??ê?ê????ò?????ê?ē×?ò??·?ò??·ē×ò?·???????ò?×?????·??????×????????ē??×?ê??ē-
ē???×ò·ê??×ò???ê?ē??????ē?ē??ò??·ē×?ò????ē??ò?ê?????òē?????ò???ē???ò?×ò???ē??òē??
Disclosure and Investor Engagement
???? KEY
PERFORMANCE
A
a×ò?????ê?·ē?×·?ē?×·ēê?·???ê×???×ē??×?·ê?????????ê?ē×?ò??ò???ê?êê?×ò?????ē×?ò
Anti-corruption training Valid Reports Employees transferred to
?×?·ê???????ê×??ē×?ò?ē????ē?·ē×ò???ē????ò??ē?????ê????????ē×·?ê??ê??×ò??×ē??????-
·?????????????ê????? judicial authorities
holders' rights. During this reporting period, while maintaining high-quality compliance
?×ē???ò??ē????×?·ê???????ê×??ē×?ò??ē??????ò??×?ò×?·?òēê?????ò?????ê?òē???
?????ē×ò??ò×ò???ē????ò?·??×ē?ê?????ē???×??×ē???????×ò·ê??×ò?·??????ē??ē??ē????
Exchange disclosure
?????ò?ò·??ē??·ē?????????ò?????ē×?ò?????ê??????ê??????ò?????ê?·??×ò?ē?????- ratings of the Company
ship.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
SINOFUSE ELECTRIC ANTI-CORRUPTION TRAINING PROGRAM òē×??ò??×?????ē×ē×?ò?ò?òē×?E?ò???ê?
In June 2024, the Company organized an anti-corruption training program for all employees. The training h??????ò?·?ò?×?ē?òēê?????·?ē???????×?·????ē×ē×?ò??ê?·×ò??×????×??×ē??ò?òē×??ò??×?·????ē×ē×?ò?ò??òē×???ò???ê?
program focuses on legal compliance education with in-depth analysis of the S?ń???????U???÷???}??ń??????ń?×? compliance through regular legal training for senior management teams.
????÷ ??????????U???÷???}??ń??????ń?×????÷ ????????????????????????????÷??}?×???c??????, clarifying legal con-
?????ò·?????×?ê?ē×?ò???×ê??ò??ò·×ò?×òē???×ē??????ò???ē??????·????ē??×??? /ò?????ē??????ò??????ē??ò?ê???ê???·???×ò????ê?ē??ē??ò??×?·????ē×ē×?ò??òē×ē???ē?×?ê?ē×?ò????·????×ò??ê?×ò??????
or corruption.
Whistleblower Protection
h??????ò?????·ê?????×?ēê??ê???????ē?·ē×?ò??ò?????òē???ē?????ê??????ē?êêê???ê??ò???ē??ò?ê???ē×???×ē?
?×??·ē??×ò?×??·ē?·?ò??×·ē×??ē?ē??????ò?????????ē·?ò·??ò???????×ò??×?ê?ē×?ò??????????×?ò?ê?ē?×·???????×ē??×?-
ēê??ê??×ò??×?·ê???????ò?·ē??ê??????·ē???????·????ē?????????×·?ē????ēê×ò??????×ê·??òò?ê?????ē????????ē×ò???·??-
nisms. Concurrently, the Company implements multi-dimensional whistleblower protection mechanisms to safeguard reporting
???ē×???
?ò???òē×?ê×ē???×??òē×ē?
h??????ò??ē?×·ēê??????ē??×??òē×ē?×ò?????ē×?ò????×?ēê??ê?????·?ò???òē×?ê?×ò·ê??×ò???ēò?ēê×?×ē??ē?ò????·?òē?·ē
??ē?×ê???ò???????×ē×?ò?h????????ēē???òē×?????·??????··??ē×ò??????ē??·?ò??·ē×ò?×ò???ē×??ē×?ò???ò?????????òē??ò-
?ê×ò???ē?????????????·???×òē?·?òē?·ē?×ē?ē???????ē×ò?????ē×?ò???????×???ē??×?ò·?ò???òē×?ê×ē????????òē?ē?
ensure that the whistleblower's information is not leaked. No one may disclose the whistleblower's information to any third
party without the whistleblower's written consent.
Safety assurance
h??????ò????êê×??ê???òē???????×?ē????ē?·ē×???????????????×?ēê??ê???????·×ò??????ò?ê????ē?ē????ē????ē???
·×?·???ē?ò·??ē??ē??????????ê?????·ēē??×?ò????ê??????ê×?????ē??????ē×ò??·ē×?×ē×???h??????ò????êê????×??ò?·??-
sary security support for whistleblowers, including facilitating job position or workplace adjustments to mitigate potential risks,
and seeking police assistance when required.
Protection against retaliation
Any form of retaliation against whistleblowers is strictly prohibited. The Company enforces zero-tolerance retaliation policies,
imposing disciplinary actions (including warnings, demotions, and termination) per internal regulations, and refers criminal
cases to judicial authorities.
òē×??????ē×?ò?ò???×ēE?ò?????òē
???? KEY
PERFORMANCE
The Company established the ??ńń?????????????ń????×????????????????×????? ???
mitment, with Clause 10 specifying anti-corruption requirements for Sinofuse
ê?·ē?×·???????ē×?ò?ê?·ē×?×ē×???ēē??????ē×????êê?????????ē??Y??·???-
×ò?????ē??òē?????×?ò??ē??C???????????????? with the Company. The
Company implemented the ????}?????????? ??????}?????????????????????
ē??ò????ê???ê·???ê×?ò·????×?·????ē×ē×?ò??ò??????òē×?ò???ò?ē?×·?ê???·-
tices in tendering. Employee
C???????????????? signing rate
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Whistleblowing Channels Risk Control
/ò?ê×?ò??òē?×ē?×ē??????ē×?ò?ê???ê×ē×???ò????×ò???????ê????òē????×????òē??ē??????ò??????ē??ê×??????×???????-
nance structure led by the Board of Directors with cross-functional business team collaboration. Concurrently, the Company
??ò??×·?êê??ò??ò·???×??×??òē×?·?ē×?ò?ò?·×?·?ê?ē????ê×·?ò?ē×?·?ē×?ò???????ò?????ē×?ò?ê????ê????òē?ē??ò??????êê
Hotline
????
A dedicated whistleblower hotline 029-68590655 is established, offering manual answering
implementation of risk management principles and sustain corporate health.
????×·??????ǎ???Eē?????YE?E?ò???ē??????%?×????
Risk Category Risk Description Countermeasures
h?????×ê???????,??×ò??????·??×????·×?·?êê?????ē???·?×???êêē??????·?????ē×?ò???- ???ê???·??????ē??ē??ē??×·?ê?òò×ò??
Email lated reports.. A designated person from the Company's compliance management depart- enhance strategic risk management
·????×ê×ē×????????ò????ê??ē??×??????ê-
ment regularly checks this mailbox to ensure timely handling of reported information.
×ē?×ò???ē??òē?????ē?ò×ē×????????ò
the Company's strategic direction and
market demand.
Dynamically monitor the macro-external
nò·??ē?×òē?ē??ē????·ē?ē???????êêê???
,???ò?????·??????ē??òē???×??òa×ò?????ê?·ē?×·????ē??%???????ē?????×ēē???×? ?ò?×??ò??òē?ò???ê×·?ē??ò??×ò??×·?
???ò?òē????×??×ò?ē??ē??×·????ê????òē
Mailing Strategic Risk the enterprise operates, prudently study
??×ê??ê????????×??????ē?×ê??×ò?????ē×?ò??????×?ê?ē??ò?????··???ē?????·ē×?ò?? ???ê????????·?????ē??ò?ê?ò?×??ò??òē?
Address the opportunities and risks brought
corruption-related leads. ·????ē×ē×??ò?????ò?·??????ē???ò??ē??
????ē??·??ò?????ò?ē???????·ē×??
????????ē??????òē?ò??????ò?ē?
them in a timely manner.
%?·???òē??×ē???ē×??×òò???ē×?ò??ē?·?-
nology and products, independently build
leading core technological capabilities,
Compliance Management & Risk Mitigation and continuously enhance product com-
??ē×ē×??????òē?????
The Company's senior management
ē????????????ē??ē??×·??ē??×?ê???????
Sinofuse Electric integrates compliance management into all aspects of business operations, planning, with the Procurement Depart-
empowering growth while optimizing compliance systems to align with laws, regulations, ment leading decision-making and imple-
industry standards, and internal policies. mentation.
Risks of business disruption due to natu-
Supply Chain
ral disasters, accidents, system failures,
Disruption ò??ò·??ò??ē???ò???ê×???????×?×ê×ē?×ò
or supply chain interruptions.
the supply chain relying on information
platform to support digital supply chain
ē??ò??????ē×?ò??ò?????ê??????×?
Compliance Governance System
?????ò?????ē???????ò?ê×ò?????×?ē???
small-batch products.
Supply
Chain
h????ē????ē?ò????×??×òē??ò?ê???×ē??ò????ē?·ē×ò???ē???×??ē??ē??????ò??????ē??ê×?????·???ê×?ò·???ò?????òē
Risks
???ē???ò·??????×ò?·??????ē??????ò?ò·???????ēē??ò??·ē×?ò??ê????ê?????ò??ē?????????×ò?··????ò·??×ē?ē????ń???? All suppliers must strictly adhere to the
????U???÷???}??ń??????ń?×????÷ ????????????U???÷???}??ń??????ń?×????÷ ????, and }???????????C??????????????? issued by Company's ??ńń???? ????÷(???????? ????
ESG issues in the supply chain, such as
ē??G?ē×?ò?ê??×ēM??·?? ???? ???????????ńń????C???????????
?ò?×??ò??òē?ê????×ò????ē?×·??ê????
??????????????????.
rights, health, and safety, leading to
??×ò??·ē??ê?????ē×?ò??ē??????ò?????ê???òēē????????ê??ê????ê??ē??ò?????ē?·???ê×?ò·???ò?????òē??·???òē? Supply instability in production cycles, non-com-
ē??ò?????ê×?ò??òē?×ē?ē??ê?ē??ēê????????ê?ē×?ò???ò?×ò???ē??????ê????òē??E?ò??????ò????ê??????ē?êêê???ê??·ē×??- Chain pliance and safety issues with products,
ESG Risk ????êē×ò?×òò???ē×?????ê×·??×ò×?ò?
ê????ē×·×??ē??ò?×??ê???òēē??????????????????òē??×ò?ē??????·ē×?????·?ē×?ò??·???ê×?ò·???ò?????òē?h??????ò?
unpredictable economic losses, and
·?òē×ò????ê?×???????×ē????×ò???·???ê×?ò·????×????·??ò×???ò??????··???×??ê?×?????·???ê×?ò·????ê?ē?????ē???
brand impact. Optimize supplier portfolio and strength-
including the ?????????????????????}????????????????????????????????????????×???????????????????(???????C??????
en ESG risk management practices.
????????????????????(???????;??????????????????????????????????C????????????????????????????????}???????????????
????????????????:???????????????????????????????C?÷?????????????????????????}??????????·????×ò??êê???×ò????????
?ò?ê???ê??
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Tax Compliance
The Company strictly adheres to laws and regulations such as the Law of the People's Republic of China on Enterprise Income Tax
Establish robust organizational struc- and the Law of the People's Republic of China on the Administration of Tax Collection?/ò?????ē??????ò???·???ê?ē×??ē?????-
Risks of legal liability, regulatory penal- tures, rules, processes, and operational ??òē????òē??ē?E????????×êê×?ò?h??????ò?·?ò??·ē?×òē??ò?ê??ò?ò·×?ê?ò?ē?????×ē??òò??êê??ēê???ēē???ê?êê
ē×????ò?ò·×?êê????????????ē?ē×?ò?ê standards for managing compliance ×ē?ē??·???ê×?ò·???ê×??ē×?ò??ò??????òē?ò?·?òē??êē???×????
Compliance
damage arising from non-compliant incidents. Enhance capabilities to
Risks
operations or conduct by the Company ?????òē??????ò?ē???ò?????ê??·???ê×- /ò?????ē??????ò???·?????ò?ē??ò?ē??ò×ò??×????ò?????òē?????ò????×?????×ò?×òē??ò?ê·?òē??ê??·??ò×??????
or its employees. ?ò·??×?????ò???×ò?ē×??ê??ò?????·ē×?? ē???×?????ò?·?ò??·ē×ò?????ê????ê??????×ò?ē×?ò?òē???×????a??·×?ê×???ē??·ê???????×??·??·???×òē??????????
mitigation. during contract signing to facilitate tax planning and risk control from the source of business operations to ensure no
arrears or underpayment of taxes. At the same time, the Company has established a training mechanism for tax personnel
to continuously enhance the Company's tax compliance management capability.
Legal and
Compliance
Risks
The risk that employees or their associ-
h??? ????÷ ???????(???????? ??????
Data Security & Privacy Protection
?ē???··??ē??×?????×ò?ē??×?×ò???ò·?
Integrity and C?ń???????????????? and other business
or position, or embezzle Company prop-
Ethical ethics management systems were estab-
erty through deception, concealment,
Compliance ê×????ē?????ê?ē????ê?????????×???ò?
collusion, or other means for personal a×ò?????ê?·ē?×·??×??×ē×?????ē???·??×ē??ò???×??·????×òē?×ò×ò???????ē×òē??ò?ê×ò?????ē×?ò??·??×ē???ò?????òē
Risk eliminate bribery and corruption.
gain, causing damage to the Company's ???ē???ò?????ò×??ē×?ò?ê?ē??·ē?????×ê?·?òē×ò????ê?????ò·×ò?ē?·?ò×·?ê·????×ê×ē×??ē?????ê???·??×ē??ē?ò??????
interests.
The Company maintains strict adherence to laws such as the ?×??????????U???÷???}??ń??????ń?×????÷ ?????(???????????????
????U???÷???}??ń??????ń?×????÷ ????????????????????÷???}??ń??????ń?×????÷ ??????????????}??????????÷ ??ń????C?÷?????
???????????.
h??????ò??????ē??ê×????·???????ò?×????ò?????òē????ê?ē×?ò??ò??ē?ò???????·???ē??C?÷????????????????}??????
Establish systematic quality risk manage-
??òē???·??????ò???×??ê×ò??·????×ò? C?÷??????????????????????????????????????}??????????????????}?????????????????? ??????}?????????. With a clearly
the project life cycle. ???ò????·??×ē?ê???????×??ē??·ē????????????????ē??òē??????ò??????·ē??ò??????ē??????ò??ò?????????ò×???
Quality uncertainty risks arising from
inadequate production technology, insuf- ?ò??×??·ē??×ò?????ē×?ò??·??×ē???ò?????òē?·ē×?×ē×???h??????ò??ê??×??ê???òē??ē×????×ò?????ē×?ò??·??×ē?
Quality Risks ?·×?òē?????·ē???×?ò·?ò?×????ē×?ò???? ?··??òē??×ê×ē????ē???·ê???ê????ò×ò??????ò?×?×ê×ē×???ē?êêê???ê???????×??×ò?ē×ē?ē×?ò?ê?ò??··??òē??×ê×ē??ò???·???òē?
???·×?ò·×??×ò?????·ē×?ò???·???·?ò- ·?ò??·ē×ò?????ê??×ò???·ē×?ò?ē??ò????ē×??ê??????ē×ò?????êò????×ê×ē×???
trols. Form a closed-loop risk management
system through risk management, report
?ò?????·ē×?ò×???????ò?????·ē×??ò?ē×- ??×ò?ē???????ē×ò????×???ē??????ò???ē?×ò??·??ē×?·?ē×?ò?ò???ē??h/a?ɑ?h???ē??/ò?????ē×?òa?·??×ē????????òē
?·?ē×?ò????ê×????×?????? ?·??ò?????ò??ē???ē×??×ò???ē??????·×?·×ò?????ē×?ò??·??×ē??ē?ò??????????ò/aM?????/ò?????ē×?òa?·??×ē?E?ò???-
??òēa??ē???ē?ò?????ò?~?/a/ò?????ē×?òa?·??×ē????????òē??·?ê×?ē??h?×?·??ē×?·?ē×?ò??êê?????????????×??·?
?ò???·??×ē?×?????·?ò·??ò×ò????ê??????·??ē??????????ê×?????ò??ē????ē?????ê??????????òē×ò???ē?????·????/ò?????
Conduct thorough inspections and
a×ò?????ê?·ē?×··???ê×???×ē?ê???ê????×????òē??ò??????×?ò·??ò?×ò?????ē×?ò??·??×ē????ê?ē???×?ê?ē×?ò??
Operational ē????ē???????×?ē×?ò?????×????×???ò
Risks hazards.
Workplace
×????????????ê??×?ò????ē????··×??òē?
Safety
during the use or storage of hazardous ??ê??????????òē×?ò???ē×ò??×??×ò?
Risks
chemicals. equipment, implement a production
safety accountability system, enhance
staff training programs, and institutional-
ized safety awareness.
×???????êê?ē×?òē?ē????????ò?×ò??ò?×-
Properly store raw materials required by
ronment and impact on nearby residents
ò?×??ò??òē?ê business operations in accordance with
from chemical raw materials, production
Pollution regulations, and properly handle produc-
noise, and discharge of industrial waste
Risks tion noise and discharge of waste water
water and gas required by or generated
and gas.
during business operations.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Information Security Management Measures of Sinofuse Electric
Emergency Management Measures
h??????òē??ē?òē×?ê???ē????×ê?????ò??ò????×ò?????ē×?ò??·??×ē??ē??????ò??????ē??ê×???????·??×ē?×ò·×??òē?????ò??
mechanism and formulated the ?×??????????$??????????????}???. The Company has set up an emergency response team to
???ò????·??????????×???ē???????òē×?ò???·????????·????????????ò?ē??????ē???·?òē×ò??ò·×????ò?·?ē??ē????×·??ē?
??·????????ē?·?ê??
??/ò?ē?×·ē·???ê×?ò·??×ē?·ê???×??????ē?·ē×?ò????×????òē???êê???×ò?????ē?×?
backed up using a strategy of real-time incremental backups and periodic full
backups; quarterly data restoration drills are conducted to ensure the integrity
?ò????×ê??×ê×ē?????·?????ē?? Security Emergency Response Measures
• ò??ò·???????ò·??????ò????·???òē?ē×?ò???ê???ò?????ê?ē×?ò???ò?????ê????????ò·??????ò???ê?ò??ò?
strategies.
??/??ê???òē??ê??ò·???ē×?ò???ē????????·???·???òē??ò?·?òē??êê??na
???ē?ē????ē?×·ē?ò??ē???×?????ē??ò?ê?ē??????··?????????òē×ò???ē?????·???? • ???ê??ê????ê??ē??ò????×????????ò·??????ò???ê?ò??ò??ē??ē??×???????ò×????????ò·??????ò??ē??×ò×ò?
????×?ò??·ê???ê????ò?ē????ê???ò??????ò?×?×ê×ē×????ē?????????????×ò?×ò·×??òē???ò?·?ò??·ē????ê????????ò-
cy response drills.
??/ò?ē?êê?òē????×???òē×?×??????ē????ɑ?×ē?ê?ē??ē?×?????ē???????ò?êê???·?
Y??ò????????? Data Recovery Strategy
??/??ê???òē·?òē??ê×??????×ò×?ē??ē×?ò???êê???·?Y?????ē×ò????ē????×?×ê??-
es, prohibiting unauthorized installation of third-party applications;
Enhance the current Optimize the Increase backup Enhance the ???ê????·???òē-
backup and installation equipment. backup system to ed backup and
??·??????ē??ē???ē? procedures for ?×ò×?×????êò????×ê- ??·??????ē??ē??×???
ensure accuracy critical application ities in data storage
??/??ê???òē???ê?ē×????ē·?×ò???????·?ē???×ò?ê???ē???ò???òē?ê??·????ê?? and reliability; data. and backup.
??ē·?×ò?????????????ē???? establish training
and drill mecha-
nisms.
??~×?×ē???????ē?×?????ē×??ò?ē???ê×?ē???×ē?ē??????ò????????×?×ē??????
·?òò?·ē×ò?ē??×??ê?·ē??ò×·???×·??ē?ē??????ò???×òē??ò?êò?ē?????×ē???ē
prior authorization;
???×ê?×ò???·ē×?ò????·?ò??·ē??×òē??×ò?????ē×?ò·?òē????????????ē??ò????
timely detection and resolution of issues. Registration is required for all external
?×?×ē????òē??×ò?ē?????????????
?ē?????????×?ò×ò??????ē??òē????·×?·????×??×?ò??×ē?????·?ò???òē×?ê×ē?ê???ê?
ɑ·?ò???òē×?ê???·??ē?×òē??ò?ê????ê×·??????·????ê?????
Climate Action &
Green Synergy
h??????ò?????·ē×??ê??????????·ê×??ē?ē??ò?×ē×?ò?×????ò?
?????ē?ò×ē×????×ê??ē??????ēê?????ò·×ò??ò?×??ò??òē?ê?????-
ò?ò·??ò??ò·???òē?/ò?????ē??????ò????ē???????ò·??
green manufacturing deployment and low-carbon transition,
?ē??ò?ē??ò×ò?×ē??ê???ê?????ē·????ē×ē×??ò???ē??????
sustainable industrial upgrading. Concurrently, we optimized
operational management through digital means, strengthened
????ò??·ē?????ò???·ē??×ò?·????×ê×ē×???×òē????·??????ò·??
?ò?×??ò??òē?ê???ē?·ē×?ò???×???òē?ò?????ò?ò??????ē?×·ēê?
·?òē??êê????êê?ē×?ò??×??×?ò???ò?×???????ē?????ê×ē???
????ò?????·ē????????ē??ò?ē??ò??·????ò?··??òē×ò?
methodologies for our dual-carbon goals and completed carbon
???ē??×òē????????òē????????????·ēê×ò???E??×ò?????????
the Company remains steadfast in anchoring its strategic road-
???ē?????ò????ê????òē??×ò·×?ê??????ē???ē×·?êê?×òē????ē-
ing sustainability across business operations.
????=??Y???????ò·?
In 2024, the Company fully implemented the Task Force on
Climate-related Financial Disclosures (TCFD) framework, com-
?ê?ē×ò????ē???ē×·×??òē×?·?ē×?ò??·ê×??ē????ê?ē???×????ò?
ê×?ò×ò??×ē?a??ē?×ò??ê????ê????òē'??ê?
opportunities.
/ò?????ē??????ò????????ē×?ò???ò???ē???a·????·????ò
emissions ?ǎ???? tons of CO 2 ???×??ê?òē??ò?a·????·????ò
emissions ????ǎ??? tons of CO2???×??ê?òē?
Climate Risk Adaptation 33
In 2024, the Company generated ??ǎ??? MWh through self-built
???ē???êē?×·???ē????ò????·???????????? MWh of solar-based ò?×??ò??òē?êE?ò?????òēa??ē?? 38
green electricity. Pollutant Treatment 40
?????·?nē×ê×??ē×?ò?ò??ò?????ē×?ò 42
·?ê??×·?ê?ò?????ē×?ò?×??×????×ē?Y??ē?·ē×?ò 45
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
To mitigate this risk, the
Stakeholders, including customers and
Climate Risk Adaptation
Company has established
ESG ×ò???ē?????ê?·?????ē????????×??ò?ò?×- ?·???????ò?×??a'
Reputa- ronmental information disclosure. When management system,
Nega- Decreased Short
tion this disclosed information falls short of integrating ESG manage-
ē×?? ???ò?? Term
Risk ment into our risk control
??òē? ?ē?????ê???????·ē?ē×?ò??×ē??????????-
?????????ē??????òēē??
Sinofuse Electric places great importance on the impact of climate change on our operations and has disclosed this information ly affect the Company's corporate image occurrence of ESG-related
in accordance with the TCFD recommendations this year. and reputation. issues.
/??ê???òē?????????ò-
Capital tion emergency manage-
With the increasing frequency of extreme
Climate Risk Governance Framework
Rains- Expenditure ment protocols. Equip
Short- ???·×?×ē?ē×?ò?ò?????×ò????ē?·ê×??ē? emergency equipment
torms Increased Medium
term change, the Company faces heightened and supplies, conduct
and Costs Term
Risks risks of exposure to these disasters and ?????×???ē???ò?ê??×??
a×ò?????ê?·ē?×·????·ē×??ê??ê×?ò?×ē??????ē×?ò??×ē?ē????? ? ?ê???ê????×ò?ē????·ē?????ēê×ò??×òē??}???????????? and Floods Decreased and establish emergency
potential losses.
???????????}???÷?? ??×??}?????? ?÷???????×???????ē??aē?ē???ò·×ê?×òē????ē×ò?·ê×??ē??×???????ò?ò·??×ē????×ò??? ???ò?? drill mechanism.
operations through its ESG structure under the joint leadership of the Board and Strategy Committee. Physi-
cal
Risks h??????ò?????·ē×??ê?×??ê?-
Stakeholders, including customers and ??òē??????×????????·ē×??
measures, including establishing
ESG ×ò???ē?????ê?·?????ē????????×??ò?ò?×- ???ê????·??ê×ò?????ē×ò??êê??-
ê×??ē???ê?ē??×???ò?M????ē?ò×ē?E?ò?????òē
Reputa- ronmental information disclosure. When ?ò·????????ê??????×?????×ò?
Nega- Decreased Long
tion this disclosed information falls short of
cooling systems in factories and
ē×?? ???ò?? ???·????????????ê?ē×ò?????- Term
Risk ?ē?????ê???????·ē?ē×?ò??×ē??????????- gency plans for heatstroke, and
??òē?
×ē???????ò·?ē?ē??h%????????????????×??òē×???·ê×??ē????ê?ē???×????ò??????ē?ò×ē×??ē??ēē??????ò?????? ly affect the Company's corporate image ?·?×??×ò??ò????????×ò??ò?
consumption reduction in cooling
????·ē?????ò?????????ē??????·ē×??·??òē???????????h??????ò?×ò·??????ē??a'·?ò·??ē?×òē?×ē????×ò????×????ò- and reputation. systems.
?????òē???·??????·?ò?×???×ò?·ê×??ē??ò??ò?×??ò??òē?ê??·ē???×ò?????·ē?????ē×?ò?????ê?·??×ò??ò?????òē??×òò?-
??ē×?ò??ò??ē???ê×ò???
Types of Climate- Financial Time
Opportunity Description Countermeasures
Related Opportunities Implications Range
Types of Climate- Financial Time The Company has built
Opportunity Description Countermeasures
Related Opportunities Implications Range ?ò?ò??????·×?ò·?
h??????ò??·?×????????·????????·?
E?ò?????òēYê?ē?????
Resource ·?ò????ē×?ò×ò?????·ē×?ò?ò????·?
The Company regularly Resource ē??·?×???×ò????ē???ò-
Utilization ?????ē×?ò??ò?·??ē???·×?ò·?×??????- Short
Decreased agement of electricity
?×?·ê?????ò?×??ò??òē?ê ??·×?ò·? ??·×?ò·? ments through operational optimization,
ESG Increased Costs and water resources, Term
information in compli- Enhanced low-carbon technology adoption, and
Policy Repor- h?????ê?×ò??????ē×·???ē?×ò??×ê×ē??×?·ê?- Expenses and ance with laws and regu- Medium ?ò??ê×ò?·???????ò?×??
and ting ?ò????????·×?òē???×???òē?????????
sure structure presents enhanced ESG Non-Operating lations, and formulates Term monitoring and early
Legal Obliga- reporting requirements for enterprises. Expenditures and publishes indepen- warning.
Risk tions
dent sustainability
reports.
The Company optimizes its energy mix The Company continu-
and increases the proportion of renew- ously optimizes its
The Company has estab- Energy Utilizing ?ò?????ē??·ē?????·ē×??ê?
able energy in total consumption to Decreased Short
lished a robust R&D Sources Renewable embracing green energy
Nowadays, dual carbon goals has been a reduce reliance on fossil fuels, enhance Costs Term
New ???ē???×ē???ē?ò?×?? Energy and the circular econo-
??×?????·??????×?????ê????òē?ò? climate resilience, and lower carbon emis-
Trans- Techn- intensifying competition in the industry. ?????×?ò·??ê??????×ò? sions. my.
Techn-
ition ology h??????ò?ò????ē??·ē×??ê?×ò???ē×ò Increased industry-leading techno- Long
ological
Risks /ò???ē? new technology R&D to maintain its Costs logical expertise and Term
Risk
ment market position, potentially facing risks of ?ò?ò·×?ê·???·×ē?ē?
Risks new technology R&D failure. maintain low-risk expo-
×ē??·ê???ê????ò???ē??ē?-
sure in new technology gic roadmap, the Company
????ê????òē×ò×ē×?ē×???? ?ē?????ê·????ò???ê???×??ē?? maintains its focus on the
mid-to-high-end power fuse
Green low-carbon transformation of the Compa- ?????ē??×ê??·ē×??ê?????ò?-
The Company continues Products ny's industry, the Company can launch ing into emerging industrial
ē?×ò·??????×ò???ē- Products Increased sectors including telecommu- Medium
and products that better align with dual
ment in product and and ???ò?? nications, renewable energy
Term
a×?ò×?·?òē???????·??ò???×òò?ē×?ò?êò?? process design, enhanc- a???×·?? carbon goals through technological inno- ɑ?×ò????ê?????????ò???ē×?ò??
Market a???×·??
Market ?ò????×ò???ē????ê×·×??·??ê?ò???ē×??ê? Increased Medium and rail transit, with prioritized
Policy ×ò?ò???????·ē????ê??- ??ē×?ò?·?ē??×ò?ē??????ē????ò??ò? strategic deployment in the
Risk impact the operational performance of the Costs ment and iteration capa- Term ×ò·????×ò?????ò?????ò??? ò???ò???????×·ê??ò?
Chang- ?×ê×ē×????×ê??×????×??×ò?
Company's downstream customers. energy storage markets.
es its downstream demand
???ē??ê×?ē???×?????ē?×ò-
able industrial solutions.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
The Company attaches ???? KEY
PERFORMANCE
importance to expanding
???????????×ò????????·-
h??????ò???????·ē×??×??ê???òē?ē×?ò ē×??ê?×???????×ē??????·ē
Interna- ?????ē?×ò??ê?????ê????òē?ē??ē??×?? technology and manage-
can further enhance its international repu- Increased ??òēê???ê?????ē??ò??-
tional ??????×ò??ò?·????ò???- Short
tation and meet the sustainability require- ???ò?? Scope 1 carbon emissions Scope 2 carbon emissions
Markets duction measures to meet
Term
ments of international customers, facilitat- ×òē??ò?ē×?ò?ê?ò?×??ò??ò-
×ò??×??????ê×ē?????????????ò?×?ò? tal protection policies,
thereby obtaining recogni- tons tons
tion in the international of CO2???×??ê?òē of CO2???×??ê?òē
market.
Markets
The Company is proac-
ē×??ê?×ò·????×ò?×ē????ē-
print in the new energy
New h?????ê?·????òē??ò?×ē×?ò×???×?×ò?ē?? ??·ē???ê??????×ò?×ē?
Energy expansion of the new energy market, Increased ?ē??ò?ē??×ò?×òò???-
Short
fueling rapid growth in the Company's ???ò?? ē×?ò?·???????ò?×??·??ē
????ò%??ē??×òē??ē×?·?ē×?ò
Market Term
core business. ????òē??????ò?
customer resources to
gradually broaden its
Sinofuse Electric engaged an accredited third-party institution to conduct a carbon footprint assessment for its fuse products in
market presence.
??êê·???ê×?ò·??×ē?/aM?ha??????????ɑ'???ò???????????????ò???ē??×òē???????·ē?????×????òē??ò???×??ê×ò?????
???òē×?·?ē×?ò?ò?·????ò×·?ē×?ò??Ya?????????ɑa??·×?·?ē×?ò???ē??????????òē??ê×??·?·ê?????ò??????????×??×?ò???
??????ò?????×·?????ò?'?h?????????ǎɑò?×??ò??òē?êê???ê??ò???·ê???ē×?ò??h???///?ò?×??ò??òē?ê??·ê???ē×?ò??Y?×ò·×-
h??????ò?×????ò×ò? ples and procedures), culminating in an audited }?????? ??×??:???ń??????ń??. The Company conducted an in-depth analysis of
its climate risk and ?????·ē·????ò???ē??×òē?·ē×?×ē???ē?????ê×?????????×?ē???×??×?ò??·ē???ē?·?ê·?ê?ē??ò???ē?×ò·????òê???ê×ò?·??ē×?·?-
opportunity manage- ē×?ò?ē???????ē?ò????×?×ò?ê???·????ò?????·ē×?ò???·???????ò??ò·×ò??????·ē??ê?????????ò??ê???ê·????ē×ē×??ò??????×ê?
ment structure to ????×?×ò?????ē?????ê?????×ò·ê??×ò?×òē??ò?ê??ò?????òē?????ê×?????×?ē?×??ē?????ò??ò?·?ò????????×ē?ē??ò?????òē
·?ò??·ē????·ē×??×??òē×- ?×?·ê???????ò·????ò??×??×?ò??ò???×?×ò???·ē???????×?????òē???ê?·ē?×··?òē??ê×òē????ē???????·ē??
The Company enhances its adaptability to
Enterprise Increased ?·?ē×?ò?ò?????????òē Short
Resilience climate change to better manage related
Resilience ???ò?? ????ē?òē×?ê?×?????????- Term
risks and seize opportunities.
Decreased ē?ò×ē×??????ê??ē?ē??
Costs magnitude of impacts,
and formulate targeted
mitigation and adapta-
tion measures.
Carbon Emission Management Indicators
M??·????????·ē???ē??ê×??ò·?????????ê?·ē??ò×··????ò?òē??·×?·?×ē???ē?·ē×?ò???×·?????????ò???ê?ē???··?????×???????-
×ò??×??×?ò?·?×ē×·?ê×ò???ē?×??×ò·ê??×ò?ē?ê?·????ò×·?ē×?ò???????×ò????ē??·ē?????ê?·ē?×·???×·ê?????×êē??ò?×ē???ò????ê?
?ò???????ē?êê?????·???×·?ê???·???×ò?????×ò??ò?×ò???×ò??????ò?????ē????ò??ē???ē?·?ò?ê??????×??ò??·ē????M??????-
?·ē????×òē??ò?ē×?ò?êê?·??ē×???ɑ?hn~?n????ò???êê?·???ê??×ē???ē?n?ò??×ò??,a?×??·ē×????
h??????ò?????×????a·??????×??×?ò???×?×ò?ē?????·?????ē×?ò?????ê?×ò?????ē×?ò?ê???×·ê???ò?ò?ē???ê???·?ò????-
ē×?ò×ò?ē???·?òē??ò??ò?????×ē??×???????ē?????·×?·?ê???·?ò????ē??ē????????????··?????êê?×??ê???òē???·??-
????????×????ē?????ē????ē??·??????????·ē?h?×????ē???ē×ê×???ē?????×??????·×?ò·????ē??·??ò????????×ê?ē????ē??ē???-
mal transfer, generating reclaimed hot water for staff amenities while simultaneously reducing heating expenditures and
×?????×ò?·?????????·??ê×ò????·×?ò·??×ē??ē?ē?ê×ò???ē??òē??E????????ē???????·ē?·?×?????òò??êò?ē???ê??????-
×ò??????????·??×·??ē???ɑ???×??ê?òēē???????×??ē?ê????E????ê?·ē?×·×ē??×ò?????????êē×ò?×ò???×???·????ò??×??×?ò
reductions of 39.89 tons of CO2???×??ê?òē?
In terms of indirect carbon emissions management, the Company primarily relies on purchased electricity to support daily oper-
?ē×?ò?????·???ò·ē×?ò???ò?????ē×?ò??ò???ò???????×·ê??ò????????×????òē???ò?????òēê????×??ê???òē???ē???ē×·
??ò×ē??×ò??ò????òē×?·?ē×?ò???ē?·?ê???????·??????ê?·ē?×·×ē??ò????ē·?ò????ē×?òē???×òē?×òē??ò?????ò·???????×ò?
a·????????ò??????????×??×?ò?×ò??òē????
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Carbon Emission Management Goals Environmental Management System
Sinofuse Electric commits to the }???????????????·ē×??ê?×??ê???òē×ò??×ò?????ê????òaē??ē??????×?×ò?·??????ē?????ò
ē??ò?×ē×?ò?×ē????ò??·????ò??ò?????òēē????ē?ē??????·?×??×ò?·????òò??ē??ê×ē????????
a×ò?????ê?·ē?×·×??ê???òē?×ē??Y?êê?ē×?òY????òē×?ò??òē×ò????/????????òē??ò?'???òM????ē×?ò????ê×·????ē?×·ēê?·???ê?-
ing with (???????????? }????????? U?? ?÷ ??? }??ń???? ??ń?×??? ?÷ ???? and related regulations, while systematically enhancing its
·?×??×ò? ?ò?×??ò??òē?ê??ò?????òē???ē??ē????????·???òē?×ò·ê??×ò?(??????????????÷???cń??????? ??????}????????? ???????}????????
Carbon ?????? }????????? }???????? $???????? ?????? }????????? ??? ???????? ??? (????? ?????????? ?????? }????????. The Company
Neutrality for ×??ê???òē? ?ò????????×ò? ?ò? ?·????×?ò?ê? ē?·?ò?ê??×?? ×ò ?????·ē×?ò ē? ·?òē×ò????ê? ?ò??ò·? ?????·ē ????????ò·? ??×ê?
Sinofuse Electric ????·×ò? ?ò?×??ò??òē?ê ×???·ē? h?? ????ò? ??? ??ē?×ò?? /aM ????? ò?×??ò??òē?ê E?ò?????òē a??ē?? ·??ē×?·?ē×?ò ?ò?
·?òē×ò????ê?·???×????ē?ò?×??ò??òē?ê??ò?????òē×ò?··????ò·??×ē?ē?????ē??????×????òē??
Sinofuse Electric ?ê×????????ê?·??×ò
production base has carbon-neutral
?·?×???????? product to market
renewable energy
adoption across all SINOFUSE ELECTRIC ISO14001:2015 CERTIFICATION
manufacturing
operations.
Sinofuse
Electric's First /ò?????ē??????ò?×ò???ē??E?????×êê×?ò×ò?ò?×??ò??òē?ê?ò?????ē?
Year of Climate ×ò×ē×?ē×???? êê ?????ē×?ò?ê ?????·ē? ???? ??ē ē?? /aM?????????? ·??ē×?·?ē×?ò
Action ????×????òē??ò???ē?×ò??·???????ò?×ò?·??ē×?·?ē???
Carbon Emission Reduction Initiatives
/ò ????? ē?? ????ò? ????ò·?? ×ē? ????ò ????ê????òē ?ē??ē??? ?? ??×??×ē×?×ò? ??ò????ê? ?ò???? ?ò? ·????ò ??×??×?ò ·?ē?
ē????????êē×?ê??ò????????×ò?×ò×ē×?ē×????
Energy Conservation and
Project Implementation Plan
Emission Reduction Volume
The Company has implemented a distributed
In 2024, the system generated a
a?ê?????ē???êē?×· ???ē???êē?×·???????ò???ē×?ò???ē??
total of 189.76 MWh of renewable
power utilizing factory rooftop space, with an
electricity, resulting in 105.66 tons of
generation installed area of 722.18 m? and a total
M???×??×?ò?????·ē×?ò
capacity of 155.6 kW.
Procurement
The Company purchased 3,263.43MWh ???????ē?ò???M???×??×?ò?
of Green
through green electricity trading. reduction
Electricity
Air Compressor The system employs three high-performance
Waste heat exchangers to facilitate oil-to-water heat òò??ê??????×ò????????????
,??ē?·????? ē??ò??????ò??ê×ò?????·ē×?????ē????ē ?òò??êM?????·ē×?ò??ǎ??ǎē?ò?
System ??·??????ò???????
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Management Structure
Pollutant Treatment
h??????ò?×??ê???òē?·???????ò?×???ò?×??ò??òē?ê??··???ē×?ò?ê???êē??ò?????ē?ɑ,a???ê×·×?????ē??ê×??×ò??ò?êê??ē???
safety accountability system, operating a cross-functional Safety Committee, and deploying dedicated EHS professionals. The
????ò?·?òē×ò????ê?×???????×ē??··???ē×?ò?ê???êē??????ē??ò??ò?×??ò??òē?ê??ò?????òē???ē????????×?×ò???ê×·×?? Sinofuse Electric strictly adheres to laws and regulations such as the ?????}????????}???????????? ??????U???÷???}??ń????
?ò????·??????×ò·???ê×?ò·??×ē?ò?ē×?ò?êM,a??????·ē×?ò????ē???ò??·???ò?×??ò??òē?ê????ê?ē×?ò??×??ê???òē×ò??????? ??ń?×????÷ ???????}????????}???????????? ??????U???÷???}??ń??????ń?×????÷ ??????ò?a?ê×???ē?Y?êê?ē×?òY????òē×?ò?ò?
×??òē×?·?ē×?ò?????ē?ē??×ò×ò????????ò·???×êê?????ê??????òē×?ò??·??ò×?????ò??ē????????ē????ò×ē??×ò????×ê???ē?×ò×ò? Control Law of the People's Republic of China, as well as national and industry standards like the (???????????????÷??C?????????
h×????????ē??ē?ò????×??ē×?ò·??ē×?·?ē×?òē?????·ē×??ê?·?òē??ê,a?×????ò??ò??ò·??????ê?·?????ē??ò??ò?×??ò??òē?ê·?ò- (????ń??????????? ?????? (GB12348-2008) and ????????÷??}???????? ??????????????????U???????÷;??????C???????????????????
ditions for employees. (GB 18599-2020). the Company has implemented rigorous pollutant control measures, maintaining procedural documents such
as the (??????????????÷???cń??????? ??????}????????? ???????}???????? ??????}?????????}????????$???????? ??????}????????????
???????????(????? ?????????? ??????}???????? to guide the management of wastewater, emissions, noise, and solid waste
?????????ē×?ò???ò???×ò?·???ê×?òē?×?·??????????ē???ē???ò???×??×?ò??????·ē×??ò?×??·?òē??ê??ò?????????ê×????ē?
disposal.
Environmental Risk Management and Response
h??????ò?·?ò??·ē????×??×·ē??×ò×ò?????×?ò??òē??ê?ē??ēò?×??ò??òē?êa???ē??ò?,?????/??òē×?·?ē×?ò/ò???ē??aē?ò-
??????ò???ê???òē·????ē??×?????×ê?????ò×?×ò?×?????ê???ò?×??ò??òē?ê??êê?ē×?ò??????ò·???×êê??h????×ò×ē×?ē×????????ē? Wastewater Management
?ò??ò·??????êê????ē??????ò???????×ê×??×???????òò?ê?×ē???????ò·??????ò?????ē?·?ê??ò??????ē×?ò?ê??ē????ê??×???
?ē??ò?ē??ò×òē????????×ê×ē????ò????·×?ê×????????ò??ē??????ò??ê???ē?ē??????ò????ò?×??ò??òē?ê??êê?ē×?ò??????ò·?
For wastewater discharge management, Sinofuse Electric established the }????????(??????? ??????}???????? at the corporate
?????ò??·????×ê×ē×???/ò?????ē??????ò??????ē??ò???????ò?×??ò??òē?ê×ò·×??òē??
ê???êē??ò????·???ê×?òē???ē???ē???×?·???????ò·????òēê???????·ē×?ò?????×??ê???òē??ê?·?ē×?ò????·×?·???×???òē
????????????·?????ē×?×??ē×?ò???ē?·?ê???ò?×ò????ē??·ē???????ê????òē×ò×ē×?ē×????ê×?ò???×ē?ê?·?ê×????ò?×??ò??òē?ê???-
??ò?ò·??ē??·ē?????ē??????????·×ò??????????êê?ē?òē?×?·???????ê?????
Environmental Risk Management & Response of Sinofuse Electric
Wastewater Management of Sinofuse Electric
Activities Environmental Environmental Control Measures
Covered Aspects Impacts
The Company implements operational controls in strict accor-
Soil ???? KEY
dance with (??????????????÷???cń??????? ??????}????????? ????? PERFORMANCE
Wastewater and ???}???????? ??????}????????????}????????$???????? ??????}?????
Discharge Water ????, ensuring compliance with statutory and regulatory require-
Pollution ??òē?ē?????????ē???ē×·?ò?×??ò??òē?ê??ò×ē??×ò??????ē?-
water discharge.
Institutional ????
}????????(??????? ??????}????????
Documents
The Company implements operational controls in strict accordance
with the (??????????????÷???cń??????? ??????}????????? ???????
Atmo- }???????? ??????}????????????}????????$???????? ??????}????????,
Waste Gas spheric ?ē×ê×?×ò?????ò·?????ē·?êê?·ē×?ò???ē?????????ē×·?ê?ē???ēē??
Emissions Pollution control. Compliance with statutory discharge standards is rigor-
???ê???×òē?×ò??ē???????ē??·ē?????ò?×??ò??òē?ê??ò×ē??×ò??? Total domestic
particulate emissions. Monitoring The main pollutants are COD, BOD5, ammonia nitrogen,
Production wastewater discharge
Metrics SS, total phosphorus, total nitrogen, etc.
·ē×?×ē×?? The Company implements operational controls in strict accor-
Soil dance with the (??????????????÷???cń??????? ??????}?????????
Solid Waste and ????? ??????}?????????and}????????$???????? ??????}????????,
Disposal Water with centralized disposal of both general and hazardous waste
Pollution ē??????·??ē×???·?òē??·ē????ò???·?òē??·ē????×ò×?ē?????? The Company's wastewater primarily consists of con-
ē??'?ò???êE?ò??????M??·?? ·?òē??ē????ē??????ē?????×?????ē?????????ē×?ò
Handling system and condensate from the steam curing process,
Methods ??ē?·ê???×?????·ê??ò?×?·???????ē??????ē??×?
The Company operates in full compliance with its (????????????
and wastewater undergoes oil-water separation before
??÷???cń??????? ??????}?????????? ???????}???????? ??????}????????,
Noise Noise
Optimization being discharged, along with concentrated water, con-
and }????????(??????? ??????}????????, implementing noise mitiga-
Emissions Pollution
Measures densate, and domestic sewage, into municipal pipelines
ē×?òē?·?ò?ê??×???ò?·?ò??·ē×ò??òò??ê??ò×ē??×ò?ē????×???êê ??ē??ē???ē??òē×òē????·ē??????ē×·ē?ò??ò?????òē??-
discharges meet regulatory requirements. ing local water bodies directly.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Waste Gas Pollution Control 2024 KEY
PERFORMANCE
For the management of air pollutant emissions, Sinofuse Electric strictly adheres to relevant laws and regulations to control
pollutants such as exhaust gases generated during the Company's production processes, ensuring compliance air pollutant
emission standards. Concurrently, all manufacturing facilities actively implement customized emission reduction initiatives
based on their operational contexts. tons tons
Total generation of Total generation of
Waste Gas Pollution Control of Sinofuse Electric non-hazardous waste hazardous waste
Institutional 指数代码
Pollutant Emission Control Procedure
Documents
The Company's was gases primarily consist of tinning fumes from solder-coating processes,
Resource Utilization and Conservation
Main Types of
welding particulates, volatile organic compounds (VOCs) from printing/curing operations, and
Waste Gas
injection molding emissions.
Sinofuse Electric adheres to the and ISO 50001 standards, optimizing
energy and material management across operations. The Company has established internal regulations like the Resource and
Handling The Company's manufacturing emissions are systematically controlled through engineered .
Methods solutions: tinning fumes and welding particulates are captured by hooding systems and treat-
and ed via triple-stage ?ltration before elevated stack discharge, while injection molding emissions Through source reduction, process control, and end-of-pipe treatment, the Company has achieved clean production and energy
Optimization and VOCs undergo dual-stage activated carbon adsorption prior to release through dedicated decarbonization, earning dual recognition as both a "Shaanxi Provincial Green Factory" and a "National-Level Green Factory" in
Measures stacks. 2023. In 2023, the Company obtained ISO 50001:2018 certi?cation, and maintained stable production operations with continu-
ous energy management improvements in 2024, achieving 100% compliance in supervisory audits.
Waste Management
Solid waste generated during operations is disposed of in strict compliance with relevant laws and regulations. During the
reporting period, all general industrial solid waste and hazardous waste generated by the Company were entrusted to quali?ed
third-party contractors for compliant disposal, with comprehensive assessments con?rming that input, activity, and output SINOFUSE ELECTRIC AWARDED GREEN FACTORY CERTIFICATION
processes were evaluated to have neither generated nor potentially caused material environmental or social impacts. Domestic
waste generated from operations was subjected to classi?ed collection followed by centralized transfer and treatment/disposal
protocols, with operational reviews con?rming no resultant environmental or social impacts.
Solid Waste Management of Sinofuse Electric
Institutional
Documents
指数代码
Pollutant Emission Control Procedure Waste Control Procedure
Recyclable general waste: non-hazardous waste that can be reprocessed into new materials
Main types of through recycling methods.
waste gas Non-recyclable general waste: non-hazardous waste that cannot be feasibly recycled due to
contamination or material composition.
Handling The Company's general waste is disposed of as domestic refuse, transported daily to designat-
Methods ed waste stations by waste management staff.
and Hazardous waste was disposed through engagement with licensed hazardous waste treat-
Optimization ment contractors, who undergo mandatory "Hazardous Waste Operator Competency Evalua-
Measures tion" protocols and adhere to the Company's environmental governance structures.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Water Resource Management ???? KEY
PERFORMANCE Green Manufacturing and Circular Economy
The Company sources all water from municipal supplies, with /ò??????????×ò?ē?ē???'???òE?ò???·ē??×ò??'???ò???ê????òē???×ê???????ē??????ò????ē???????ò·??×ē?????ò??ò-
domestic sewage discharged into municipal pipelines. The Compa- ???·ē??×ò????ê????òē?ò?ê???·????òē??ò?×ē×?ò??ē??ò?ē??ò×ò?×ē??ê???ê?????ē·????ē×ē×??ò???ē?????????ē?×ò??ê?×ò???ē?×-
ny has established the ???????????(????? ?????????? ??????}????? tons al upgrading. Concurrently, we optimized operational management through digital means, strengthened the factory's green
????ē??ē?ò????×????ē????ò?????òē·???????ò?×??ê??h????- ??ò???·ē??×ò?·????×ê×ē×???×òē????·??????ò·???ò?×??ò??òē?ê???ē?·ē×?ò???×???òē?ò?????ò?ò??????ē?×·ēê?·?òē??êê??
Total water withdrawal
??ò??·?×??????ē×??ê??ē????????·??ē×ê×??ē×?òē???????ò×òē?- pollution emissions, and increased the proportion of green products.
grated human-digital management system.
??·ē×??ê??ò?????×ò·×?·?ê???·?ò??????·ē×·??ē?×????????????·??ē×ê×??ē×?ò???·×?ò·??h??????ò?????ē??????ò·??
Energy Management ?????·ē×?ò???·??????ò????×???òē??×?ò×?·?òēê?????·×ò???êê?ē?òē??ò???ē×?ò??×ē?????ē???ē???????·ē×?òê×ò??×ò?ê?·??
h????ê×ò?????ē????×????ē???ē×?òê???ê???ò???×ò??????????·ē·?ò?×?ē?ò·????×?×ò?ē??????ê????òē???????·ē×?ò?????-
ē×?ò?ē?????????????ò?????ê×??ê???ò?ē?·?ò?ê??×·?êê?????ò·???×??·ē×?ò??E??ò??×ê???????·ē?????ē??×?ê???????·??-
/ò·???ê×?ò·??×ē?ē??'?h???????????ò??????ò?????òē???ē???ē?ò?????a×ò?????ê?·ē?×·??ē??ê×????×ē??ò??????ò-
posite round pipes, ceramic round pipe materials, etc. are recycled by the enterprise. For materials that the Company cannot
agement system (EnMS) by formulating the (??????????????????? and supporting procedural documents, promulgating the
recycle, they will be properly handled by professional third parties.
?ò??????ê×·????????ê?ē???·???ê×?ò·??·?òē×ò????×????????òē???ē×?ò?ê?ē×ê×??ē×?ò??ò?·????ò???×??·?ò?????ē×?ò?????ò-
×ò?????????ê??ò????????·ē×????ē????ē???ò???ò?????òē??????????ò????·×??×ò?????ò×??ē×?ò?ê?ē??·ē???????????·???
??ê????????ò?×?×ê×ē×????ò???ē???×ē×??ē??ò????????·ē×??·????ò??·?òē??ê??ò?·????×ò?ē×?ò???ò??????ò?????òē?·ē×?×ē×???
ē???????????òē??×ò?ē???·?×?????òē????ē?ò???????ê??????·×ò?·?ò????ē×?ò??ò??ò??ò·×ò????·×?ò·?ē?????????ē?×ò??
òEa?????ē×?ò?/ò%????????????a×ò?????ê?·ē?×·??ē?×ò??×ē?ò????E?ò?????òēa??ē??ɑòEa?·??ē×?·?ē×?ò? Energy Conservation E?ē??×?ê??·×?ò·?
• The Company implements intelligent lighting • Y????ê??????·?×ò×ē×?ē×???????·??????·?ò-
·?òē??ê??×ē???ē×?×?????ē?????ò?×ē??ò? sumption;
??ēē????·???????·????????·ē×?ò???????ò?
???×??òē×?ê??ò??ē??·?×??????×????ò????·?ò- • %????×òē?ò?ò·???ē??×?ê????ê???òē?????ē-
?????ē×?ò? ments shall prepare budgets and consumption
plans by material type;
• The Company continues to strengthen its green
electricity adoption and infrastructure deploy- • h??????ò??ē?×·ēê??ò???·?????·×?ê???×·ê?
ment to accelerate low-carbon operations; management protocol;
• h??????ò??ò???·???ē?×·ē?ò?????ò??·ē×??- • The Company prioritizes the procurement of
tion protocols for all electrical equipment, elimi- ò???ò??????ēē????ê?·ē?×·???×·ê??ɑ~?????
nating idle operation through real-time work- ×ē?·??????ē????ē??×?ò×?·?òēê?????·×ò?M?
load monitoring; emissions and fossil fuel consumption;
• The factory prioritizes technical upgrades for • ?ê???òē?????ē??òē????êê?ò??ò·?ē?·?ò?ê??×-
electrical equipment, implementing phased elim- cal upgrades for production equipment and
×ò?ē×?ò?ò???ē???ēē×ò????ò?????×òē?ò?×?? process optimization to reduce raw material
???? KEY
PERFORMANCE ???·?????????×???òēē??????ê×??·?·ê??ò???? consumption, thereby embracing green manu-
???·×?ò·?????????òē?? facturing.
ē??ò?×ē×?ò?????·????×???òēɑ·????ē??????×òē-
h?ē?ê·???????ò?×???ò???? Electricity consumption
consumption of the Company ers, copiers) to low-power sleep modes during
×ò?·ē×?×ē????ē×?×?×ò??ò????·?ò????ē×?ò??ò-
agement plans;
?? MWh MWh
• ???·?ē?????????×ê?????·ē×?ò?×ē???????
Natural gas consumption Solar energy consumption Purchased green electricity (solar)
temperature controls.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
ECOLOGICAL
ENVIRONMENT
a×ò????? ê?·ē?×· ·?òē×ò????ê? ??ò×ē??? ē?? ?·?ê??×·?ê ×???·ē? ?? ×ē? ?·?ò??×· ?·ē×?×ē×??
?ò? ??·??ò×??? ē?? ???×ē×?? ?ò?×??ò??òē?ê ·?òē?×??ē×?ò? ?? ×ē? ??ē?? ???? ·ê??ò×ò? ?ò?
green space maintenance efforts. In accordance with the cń????????:??????????????????
??????????? ??????????×???????ē??'?ò???êM??·???ē??aē?ē???ò·×ê?ē??????}????????
}???????????? ??????U???÷???}??ń??????ń?×????÷ ????, the Regulations on Groundwater
E?ò?????òēɑaē?ē???ò·×ê?·??????ò??ē?????ê???òē?ē?ē?ē?????????????ò???ê×·?
?×??·ē×??????·?ò??·ē???ē???ē×·?????ē?ò×ē?×??òē×?·?ē×?ò?ò??????ē×?ò?ê?×????????-
ments.
E??×ò????????????×êê????ò??·????×?ò?ê????·ē×·??×òē?????ē?×?ê?ò?????ē×··?ò?????-
ē×?òē????ê×??ē?????×ē×??×???·ē??×ē?????ò??×ê???????/òē??ò?êê????????????????
ē??ē ???×ò? ē?? ?????ē×ò? ???×??? ē?? ????ò? ??? ò?ē ·????? ?ò? ò???ē×?? ?·?ê??×·?ê
×???·ē?×ò??????ò??×??×????×ē???×·???????×ò·ê??×ò?ò?ē????????????ò???????????ò?
production bases near such areas.
Technological Innovation
& Premium Services
Sinofuse Electric places high importance on product responsibil-
ity and technological R&D. We strictly control product quality—
?????????ē??×?ê???·?????òēē??ò×?????????·ē??×???òē?
multiple inspection stages ensure product reliability, meeting
customer needs, ensuring safety, and reducing after-sales risks.
The Company demonstrates its ESG commitment by strategical-
ly allocating substantial R&D resources to establish specialized
ē??????·?????ò?????ē??????×òò???ē×?ò?×òò???ò????????
ē?·?ò?ê??×???????·??×ò?·?×ē×·?ê??ēēê?ò?·??ē?ê??ò·??×?????-
?·×?ò·??????·ē?ē??ē?ò??ò·???ē??????ē·????ē×ē×??ò???
?ò??ê???ê×ò???ò·??ē????????×?×ò?×ò???ē??????ò·???òē
??×ê???????×ò??????·ē???ê×ē??ò?ē?·?ò?ê??×·?ê×òò???ē×?ò
into corporate DNA.
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As of December 2024, the Company maintained a robust R&D
workforce of ?ǎ? professionals, representing ????? of total
employees, including 1 PhD and ?? master's degree holders,
ê×?ò×ò??×ē?a??ē?×ò??ê????ê????òē'??ê?
?×ē???ē??ê?ē????ē??·ē??????ē?ò?×??×ò???ē???????ē×????ò?
×ò???ē???ê???×ò???????·?·????×ê×ē×??ē???×?????ē?×ò??ê?×òò?-
??ē×?ò?
By the end of 2024, the strategic IP deployment included trade-
???????×?ē??ē×?ò??ò???ē?òē?ê×ò??×ò??êē×?ê????×??×·ē×?ò?
including China, the United States, the European Union, the
h?·?ò?ê??×·?ê/òò???ē×?ò 49
United Kingdom, Japan, and South Korea with formal authoriza-
tions secured. \??ê×ē???òē?×·a???×·??Y????·ē??×?ò 53
As of the end of 2024, the Company held ?????ê×??????ē×·
??ē????a???×·?ò??ò·???òē 55
patents, with ????ē?òē???ê×·?ē×?ò??ê??×ò?????h??ē??×ò×ò?
sessions on intellectual property protection were conducted during
the year.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
/ò???ē???·????×???????·?
Technological Innovation Exchange and Collaboration
h??????ò?·?êê?????ē???×ē??ò×????×ē×??ē???ê?·ē??ē?ē?ò?×ò??ē???òē??×??ê???òē×ò??ò×ò???ē????·????×?×òē????ē??
ē??×ò×ò?????ê?n?×ò?Y?ɑY????·ē?????????ò×ò????ē????ê??????·?êē×??ē?ò??ē???ò???ē×?òē?·?ē?ê?òē?×ē?????ē?·?ò×-
Innovation System ·?ê?×ò???ē??×òē????ē×?ò???×??×ò?ē??ē?ê?òē?×??ê×ò???ē???ò?ò×????×ē×???ò??òē????×????
a×ò?????ê?·ē?×··?òē×ò???ē?????ò·??ò×????×ē???òē????×??·?êê?????ē×?ò???????×?ò?????????òē??×ē?G??ē????ēnò×???-
?×ē?a·???ê?????×?ē????E?ē??×?ê?a·×?ò·?Y??·ē×·??????×ē?G??ē????ēnò×????×ē???ò??ē?·?ò?ê???????ê????òē·?òē??·ē
×ē?ē?????×??×????×ò???ē?×????·?????ē×?·×?ê×òē?êê×??ò·???ē?·?òē?????~M?h??ò??????×??×òē?êê×??ò·??????ò???ê?ò?
?×ē?h?×ò????nò×????×ē??h??????ò?????ê??????×òē???ò×????×ē??????ē?×òò????ē??×?ê??ò?ò???ò???????ē??ē??×·
???·×?·????×????òē????????ò??ē??????????·×?·?×ē???ē?·ē×?ò???×·???h??????ò??×êê?·ē×??ê??????ò?ē?×ò???ē??
ē?·?ò?ê???·???×ēē?????×?????
·??ò????ò???·???ò·?òē×ò????×òò???ē×?ò×òē???×??·ē×?ò??×ò???ē??????ò????·???×òē?êê×??ò·??ê×??ē??×??ē???×?ò??×ò-
×?ē??×??ē×?ò??ò???·??????×ê×ē??
h??????ò??ē??ē??×·?êê???·?????ò?ē?·?ò?ê??×·?ê×òò???ē×?ò???×òē????ē??×òò???ē×?ò?????ē??×?ê×òò???ē×?ò??ò????ò???·-
ē??×ò????·???×òò???ē×?ò????×?×ò???êē×?×??ò?×?ò?ê×ò×ē×?ē×???×ò·ê??×ò???????·??????·ē?????×ò???·?ò??êē×ò????×òē????ê??-
??òē??×ò???ē???ē?ò???????ò?×òò???ē×???????·ē????ê????òēē??????????·?êê?????ē×?ò??×ē???????·?×ò?ē×ē?ē×?ò??·?ò-
NORTHWEST UNIVERSITY-SINOFUSE ELECTRIC JOINT TECHNOLOGY R&D
??êē×ò???????ò??ē?ò??????×ò???ē??????·×?ē×?ò?ē????????·????òē·??êê?ò????ò???ē???×ò???ē?×?êò?????
h??????ò??????ē??ê×?????·???????ò?×??ē??ē×ò?×ò????ē??·ē???×ò·ê??×ò?,×???~?êē???ê?·ē?×·?êh??ē????????????òē
????·ē??×?ē×·h??ē????ò?×??ò??òē?ê?ê×??×ê×ē?????~×???ē×?ò?a??·?h??ē????????/ò???·ē×?ò?????ò?/òē????ē??h??ē×ò?
G??ē????ēnò×????×ē?×??ò?ē×?ò?ê????ê?%×??ē?ê????×ò×ē×?ē×???ò×????×ē?
%?·×ê×ē?ɑ·????×ò??×??ò?×?ò?ê?????×·?ê???ē??×?ê?ò???·??ò×·?ê?ò?ê?????????×?????×ē?·?ēē×ò??????×ò?ē????òē?ē×?òē????-
?ò???????????×ò???????Y????·ē?????×???????·?ē×?ò??·?êê?ò·??/ē?
???ēò???????·ē?????ê×ē??ò??ò·???òē?ò?×ò???ē×??ē×??ē??ē×ò??h??????ò??????ē??????·×?ê×????×ē?×???ēē???
???×?ē???×?·×?ê×ò?×???·??ò×???????ē????×??×ē??×?·×?ê×ò??ò???ē??????
a???ē?×?·?×ēh??ē???ɑ,×???~?êē???ê?·ē?×·?êh??ē?????×ē??????~???×?????êē????ò?????????×ò?·???·×ē????ò?×ò?
Y????·ē??ò??=??a????×??×?·×?ê×ò???a???ò?×Y???×ò·??h??????ò????
???ò??×ò????????·×ê×ē×??·????ê????×??ê?ē×ò???ē???ē×????ò?×??ò??òēê???×ò??·ē?ò·??ò??×????êē×ē???×òē?????ē×?òē??ē-
?òē????×òē????????·?·?êê?????ē×?ò???????òē?×ē?G??ē????ēnò×????×ē?
ing. As of the end of 2024, the Company had a total of 296 R&D personnel, accounting for 21.5% of the total workforce, includ-
ē???×??ē?·?ò?ê??×·?ê×òò???ē×?ò×ò??ē??×?ê???·??????ò??ē??·ē???ê???×?ò
ing 36 master's degree holders. The team structure is stable, with experienced professionals and leading R&D capabilities in the
??ē???×ē×?ò?ê???????×ē????·???ò????ê??×ò?????ē??????ē??×?ê???·???
industry.
ē?·?ò?ê??????ò??ē???ò???ē×?ò?ò???????ē?·ē×?ò???×·???
/ò??????×ē?ē??????ò??????ē?×ò??×ò???ē??òē?ò???·???????????ē?ē??????ò???ē?·?ò×·?ê?ē??ò?ē??ò???êē×?ê?
×òò???ē×???·?×?????òē???·?×???×ò???ē????·??ò×ē×?ò?ò??×?????????·?ò??ê?????òē????·??ē??????ò?????·×?ē×?ò??/ò
?????ē??????ò??????·??ò×??????ò?ē×?ò?ê?ê???ê?,×???h?·?òē????×?????a???ò?×Y???×ò·×?ê'???êê?òē????×?????ò?
??a??·×?ê×????a???×?ē×·?ē???×?????òē×?ê?ò?/òò???ē×???aE????ē??E×ò×?ē????/ò???ē???ò?/ò?????ē×?òh?·?ò?ê????/ē?ê??
??·?×?????ò?????·???ē???×ò?ê?·ē??ē?·?ò×·?êa?·×?ē?a·×?ò·??ò?h?·?ò?ê????????a???ò?×Y???×ò·×?êE?ò???·ē??×ò? /ò?????a×ò?????ê?·ē?×·?ò?????×òē??a???ò?×Y???×ò·×?êa·×?ò·??h?·?ò?ê???????ē??òē?????êê?ò???×?ē×ò??×ò×ē×?ē×???
a×ò?ê?????×?òòē????×???M?ē?ē?ò?×ò????ò·??E?ò???·ē??×ò?òē????×??? ·?êê?????ē×ò??×ē??????ò??òē?ò???·×?ē?ê?ē?????ê????ē????????·?×ē×·?ê·???ē?·?ò?ê??×????··?ê???ē?·?????·×?ê×??ē×?ò??
???????·?×?????òē???ò????ê×·ê???ê×·×ē??ê?ē×?ò??ò????ē×·×??ē×ò??ò×ē?ē?????????ò×òò???ē×?ò·??òò?ê??
SINOFUSE ELECTRIC 2024 COLLABORATIVE R&D ACTIVITIES WITH UNIVERSITIES
Awards & Honors Issuing Authority
China Electrotechnical Society
China Electrotechnical Society
Science and Technology Award
a???ò?×Y???×ò·×?ê????ē??òē
High-Tech Enterprise
of Science and Technology
a???ò?×Y???×ò·×?ê????ē??òē
a???ò?×Y???×ò·×?ê'???êê?òē????×??
of Science and Technology
a???ò?×Y???×ò·×?ê????ē??òē??
a???ò?×Y???×ò·×?êE?ò???·ē??×ò?
Industry and Information
Champion Enterprise
Technology
?a??·×?ê×????a???×?ē×·?ē??? Ministry of Industry and
×?????òē×?ê?ò?/òò???ē×???aE? Information Technology
??×ò×?ē??ē×?????×ēē????
M?ē?ē?ò?×ò????ò·??
Xi'an High-Tech Industries
Manufacturing Enterprise
???ê????òē??ò?
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Y??ē×·×??ē×?ò×òG?ē×?ò?ê?ò???×?ò?ê=?? ?ē???ò????????ē???ē??ē??×·/Y???ê????òē×ò·ê????ē???????????×?ē??ē×?ò??ò???ē?òē?ê×ò??×ò??êē×?ê????×??×·ē×?ò?
Technological Innovations
including China, the United States, the European Union, the United Kingdom, Japan, and South Korea with formal authorizations
secured.
a×ò?????ê?·ē?×·?·ē×??ê?·?òē?×??ē??ē??×ò???????????ē???????ò×??ē×?òē??????×ē????ē×·×??ē×?ò×òò?ē×?ò?ê????????·ē??
ê??????×ò?ē?·?ò×·?ê?????ē×???ò?×ò???ē???????×?ò·?ē???×??×òò???ē×?ò?h??????ò????????????ē?òē×?ê·?òē?×??ē×?ò?ē?
?×ò???????ē??×?×ò????ē??·ē???????ê????òēē??????×ē?????×ò??ê????òē×òò?ē×?ò?ê?ê???ê?????·ē????×ê???×òē?×ò×ò?ē?·?- OVERSEAS TRADEMARK REGISTRATION AND AUTHORIZATION
ò?ê??×·?êê???????×?×ò~·????×ò?×ò????ē??·ē????ò??????????·ē×òò???ē×?ò?/ò?????ē??????ò???·?????ò?×????ò???ò-
ufacturing, further enhancing industrial manufacturing capabilities in sectors such as rail transit and nuclear power.
LOCALIZED INDEPENDENT DEVELOPMENT OF SAFETY-CLASS HIGH-VOLTAGE
CURRENT-LIMITING FUSES FOR NUCLEAR POWER APPLICATIONS
h????????????ê?·??×ò??êò????×ê×ē×??×ò?×ò???ò?·ê??????????·ē??·???????
????ò??ò·??ò×????ē???×?????êē???·????òē?ê×?×ē×ò??????ɑ??×???×ê?????n?a??ò?
??????ò????ê×?????×ē?·??ē×ò???·×?ò·×?????ē?ò?????ê×????·?·ê????ò??????ē×??ê
technical support, Xi'an High Voltage Apparatus Research Institute Co., Ltd. and Fujian
G×ò???G?·ê???Y????????ē??????·?êê?????ē×??ê?ê??ò·?????????ē×·?×ò×ē×?-
ē×??ē?????ê??ê?·?ê×?????????ê?ē×?ò????????~??ē?ê??ò·ê??????×ē·????????ê×·?-
tions in motor and transformer protection systems, thereby enhancing supply chain
???×ê×?ò·??ò??????ē×?ò?ê???ē?×ò??×ê×ē??/òē?×?ê?·?ê×??ē×?ò×ò×ē×?ē×???a×ò?????ê?·ē?×·
???×ò????ò??òēê?????ê?????×?????êē???·????òē?ê×?×ē×ò?????????ò?·ê????????
???ê×·?ē×?ò?ē??ē????ò?ē??ē????ê??·ê???????????ò·???ē?×·???·?×??×ò?ē?·?ò?ê??×-
·?ê???×ē??×ē?×òē??ò?ē×?ò?ê·??òē?????ē??ò???×?×ò?????ò·????ò???·ē??×ò?×ò???-
Intellectual Property Protection
try upgrades through import substitution.
h??????ò??ē?×·ēê?·???ê×???×ē???ê???òēê????ò?????ê?ē×?ò???·???ē?? ???? ????÷???}??ń??????ń?×????÷ ???? concern-
ing intellectual property protection, and fully implements IP protection measures. With the C???????????}??ń??????????????????
Global Expansion in Full Swing ??a×ò?????ê?·ē?×·??×ē?·?????ê×·??ē??????ò?·?òē×ò????ê?×???????×ē?/Y??ò?????òē??·??ò×????
/ò?????ē??????ò????×????ò?????ê???òē????ê???òē??·???òē?ē???ē??ê×???ò????ē??????×?ò??ē??/òē?êê?·ē??êY?????-
h??????ò?×????·?ē×ò??·???????ò?×???ê???ê×??ē×?ò?ē??ē???????ē??ê×??×ò?????????????×?×??×???ò????ê×?ē??ē? ty Management System. This system implements categorized management of patent rights, trademark rights, copyrights, and
?ò??ò·?×ē???ê???ò?????×·?ò?ē???????×ê??×??êē?ò????ê?????ê??×ò?×òē??ò?ē×?ò?ê?????·ē×?ò??·×ê×ē×??ē??×????×????ò???·- ?ē???/Y?×??ē???ò???×ò?????·ē×?????·?ē×?ò??/Y???ē?·ē×?ò?·?????êê?????ē??òē?×ò????ê?????ê×????????×·????ò??ē???
ē??×ò?·???·×ē??ò??ē??ò?ē??ò????ê?·??×ò???×ê×?ò·??/ò??????????ê×???????????ò·??ē?ê???êē???????×?×ē×?ò?ē??ê???ē? operational processes.
???ò???·??ò×ē×?ò?ò?×òē????·????ē?×ò??ê?×òò???ē×?ò?ē?×òē??ò?ē×?ò?ê?????ē??????ò?ē??ē×ò????·???×ē??òēē??????ò?×-
ble global expansion.
INTELLECTUAL PROPERTY MANAGEMENT SYSTEM CERTIFICATION &
KEY PATENTS OF SINOFUSE ELECTRIC
OVERSEAS BUSINESS EXPANSION STRATEGY OF SINOFUSE ELECTRIC
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Sinofuse Electric's Intellectual Property Protection Initiatives
Lifecycle Product
Quality Control
SINOFUSE ELECTRIC ISO 9001:2015
CERTIFICATION
Organizing During the product R&D phase, the Company
Exchanging
The????
Company conducts regular specialized training programs to enhance employee implements rigorous quality control by conducting
·ē×?×ē×?? ?ē?ò????×???×ò???·ē×?ò??ò????×?·?ē×?ò?
awareness of intellectual property protection.
and against quality benchmarks prior to each release
Training Sessions ????×?ò???×ê????ē???ē×·?êê?·ê???×??×ò??????×ò??
?ò?·?òē??êê???ò??×ò??êê×??òē×???????·ē?
/?????×ò? ??ê?·??×??×????ē?ò·??ò×òē?êê?·ē??ê??????ē???ò?????òē??ē?×·ēê?·???ê??×ē???ê???òē
ē????????ò×?????ē?????ē??ò????·???????ò-
Systems ????
ê????ò?????ê?ē×?ò???ò?·?òē×ò????ê?×?????????×òē?êê?·ē??ê??????ē???ò?????òē
?×??????ê?ē×?ò?·???ê???òē????×ò????ē????ē
and ???ē???/ò??????????×????ò?????ê???òē????ê?ē????·???òē?ē?????ē??????ē??/òē?ê-
cause analysis (RCA).
Processes ???????}??ń??????????????????, which was implemented within 2024.
During the product operation phase, the Company
a×ò?????ê?·ē?×··?ò??·ē?·???????ò?×??/Yê×ē???·?ē??×ò×ò?????????ē???????ê?ò???
strictly implements business continuity manage-
Enhancing ɑ?òê×ò?????×ò??????ê×ē×?????????????òò?ê?ò???ê???òē?ē?????ê??????×?×ò?ē??ò??ò·?/Y
ment (BCM), incorporating multiple safeguards in
?ò???òē×?ê×ē? protection awareness across management tiers and operational teams, necessitating
??ē????ē?????ò??????????ēē?????ē????
Awareness ×ò??×ò????òē?????òē×?ò???ē?·?ê??ò???ē?òē???ê×·?ē×?ò???·?????????×ò???ò??????·-
ê???ê????êē×?ò???·ê??ē?????ê????òē??????·?
tion cycles.
×?????ē??ē??ò??????ē????×ê??×ê×ē????×ê?
Strengthening h??????ò?×ò·?òē×?×??????ê????????×·?×ò??òē×?ò?ē??????×ò?×?×???ê??ò?ē????????? ??×êē?×ò????×·???·?????·????×ê×ē×????×òē?×ò
Rewards in strict compliance with }?????U???÷ ?????ò?×ē?×??ê???òē×ò???ê?????ê???????????? ?????êê???ē???ē??×ê×ē??Mòē?????????????òē?
and ????·ē×??ê????ē?·ēē??????ò???ê??×ē×??ē??×??ē??ò?×òē????ē???????òē??×ò??×ò????òē?? ????·×?òē????????????·???ò???ē??ê?×ò???-
?êē×??ē×?ò and mitigated losses are recognized and rewarded accordingly. ?ē??·ē????ò?×??ò??òē???????×???ē??????òē
????????×ê????·?????????ē??ò?ê??·ē?????òē×ò-
??ò·???·??????ê?ò????×ò?ê?·??????????ò·×??
such as power outages, communication failures,
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PERFORMANCE
Valid domestic Y?ē?òē??ê??×ò???? Training sessions on intellectual
patents held property protection during the
reporting period
Early-Stage Quality Control Planning, Product Quality Control Planning
Early-stage
Quality Early-Stage Process Capability Monitoring & Analysis
Management
?òē×ò????/????????òē?a???E???Y????·ē×?ò
\??ê×ē???òē?×·a???×·??Y????·ē??×?ò
a×ò?????ê?·ē?×·?ē?×·ēê????????ē??????ē×·?ò?×òē??ò?ē×?ò?ê?????·ē???ê×ē??????ē?????ê?ē×?ò??×ò·ê??×ò?}????????????U??
?÷???}??ń??????ń?×????÷ ???? and ???????????????U???÷???}??ń??????ń?×????÷ ????. We maintain a Quality Management Com- Execution of Quality Planning
?×ēē????ò???·?\??ê×ē????×ò?E?ò?????òē???ê?ē×?ò???ò?·??ē??×?????ê×ē?·?×ē??×??????·??????·ē??????·ē??ò?????×?ò
to minimize risks and ensure safe, reliable offerings. Quality monitoring and analysis
\??ê×ē?/????????òē???·ē×??ò???~??×?·?ē×?ò
Process Quality
/ò·??×ò?×ò???·ē×?ò?×ò????·???×ò???·ē×?ò????ē?ê??ē?×?·?×ò???·ē×?ò
Management
Quality Management System Finished product inspection, shipment inspection
Y????·ēa???ē???ē×?·?ē×?ò
h??????ò??????ē??ê×?????·???????ò?×?????ê×ē???ò?????òē???ē????ē??ò?ē??ò×ò??????·ēê×??·?·ê????ê×ē?·?òē??êē?
?ò??????ê×??ê??????·ē??ê×???????×ò?ē???????ē×ò????×????êê?????ē×?ò?ê?????·ē×?ò???????ē??????ò??????·?×????
Handling of Customer Complaints
????/aMǎ????????·??ē×?·?ē×?ò??×ē?·?òē×ò???????ê×ē????ē??????·ē×??ò????
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Sinofuse Electric Customer Service Channels
Alignment of Customer Quality Requirements
Customer
Quality Transmission and follow-up of customer quality information
We maintain a dedicated hotline for customer inquiries and feedback. Customers can call us
Management Hotline Support ????
?ē?ò?ē×??ē?×ò??×????????×????????ē×?ò??
Customer document requirements
??·ē×??ê???ò×ē????·×?ê???×?????ê????òē??ò?ê????????×?×ē?ê?ê?ē?????ē??ò??ò·?
stakeholder engagement through transparent communication channels. Customers can
Social Media ????
??êê????????·×?ê??·×?ê???×??··??òē?ē??··??????ê?ē×??·??????ē?????ē???ò?????×·?
×ò?????ē×?ò???×ê??ē×ê×?×ò?ē?????×?×ē?ê?ò??????òē·??òò?ê?ē?????×????ê???ê??ē?????ê?-
G?ò?·?ò????×ò?Y????·ēh??·???×ê×ē??ò??·?êê
er feedback.
?·?ò??·ē???×??×··??ē??????ē×???·ē×?ò???????ē????ē???ē×·?êê???ē????ē?????ê???????-
h??????ò???×òē?×ò?·???????ò?×???????·ē×ò???·ē×?ò·????×ê×ē×??ē?·?ò??·ē?????òē×?????ê×ē?????????òē??·?????êê Questionnaire ??·????ē?????·?ò????×????ê???ê??ē?????ê?????????·???·???ê?ē×ò??ē??·ē????????-
operational stages, ensuring product quality compliance. Concurrently, it has established and rigorously enforced systems such tionnaires, enabling us to systematically capture customer insights.
as the }???????????????(???????@???????}????????? ??????}????????÷????????÷??????}??????, reinforcing process controls
ē??????×ò?ē×ē?ē×?ò?ê??·??ò×???ē????ē?×ò·?òē×ò???????ê×ē?×????????òē?
??ē?????·?ò?··???·???????ò?×??·??????ē??×?·ê??????×ò·ê??×ò?????×·??????×ò?????ê×-
/ò?????ē??????ò??·?×????????????·?òē?????×òē×ò·?????×ò?????·ē???ê×?·?ē×?ò??ē??ò?????????·?òē?????×òē
Online Platform
·×????ò?·?òē?·ē×ò?????ē×?òē????????????·×?ê????×ē??
????·ē×?ò×ò??ē??ò??ē?·???????ē???????×ē????????ê×ē????ê?ē???????·ē??·?êê?ɑ??ē???ê?òē????ò?×ò??ê?òē????ē??????-
out the year.
Customer Satisfaction Tracking
Customer Service Enhancement
a×ò?????ê?·ē?×·???????ē?ē????×ò·×?ê????·??ē?????·?òē?×·???×??×ò?·??ē???????????ē?????ê?????ò?·?òē×ò????ê??ē?×?×ò?
to enhance customer satisfaction. To enhance customer satisfaction and product quality, all business units conduct regular cus-
ē??????ē×???·ē×?ò????????ò??ò??×ò??×?×ē?ē????????êē×?ê?·??òò?ê????ē???×ò?×ò????ē???????·??ò?????·ē??????×·????ò?
experiences to inform R&D and quality management teams in product optimization and upgrades.
a×ò?????ê?·ē?×·????ê???·??ē?????·?òē?×·??×ê?????????ê×???×ò?????×??????ê×ē?????-
?·ē??×ē??????ò?×??????×·?ē????ē??·?êê?????ē×????··????h??????ò??????ē??ê×???? Responsible SINOFUSE ELECTRIC PARTICIPATED IN THE MUNICH
??????ē·??ē????·????ò×·?ē×?ò?ò?????×·??????ò????·??ò×????ò??ò·×ò?·??ē???? Marketing TRADE FAIR IN EUROPE AND THE WOLFSBURG AUTOMOTIVE
SUPPLY CHAIN EXHIBITION IN GERMANY.
×òē???·ē×?ò???????????×ò?·??ē?????×??ē???ò?·???????ò?×??ê?×?????×ò?·??ē????
satisfaction. Sinofuse Electric takes a
?·×?òē×?·?ò??×?????? h??????ò?·???????ò?×??ê?????ò?ē??ē??×ē?·?ēē×ò??????ē?·?ò?ê??×·?ê
approach to responsible ·????×ê×ē×???ò??????·ē?????×·???ê?ē×?ò??ē×ò???ē???ê???×ò?ē??????×???'????-
marketing, strictly adhering ny Munich Expo and IZB Wolfsburg. At IZB Wolfsburg, Sinofuse Electric show-
ē???ê???òēê????ò?????ê?- ·?????????ē???????·?×?????òē?×ò??ē???ē×???ê?·ē??ò×·??ê??ò·?×ò?·??ē??-
tions, including the ??????? ×?????ê?ē×?ò?ē??ē?ò??ò·?ē??????ē??ò??ē??×ê×ē??????×·ê??ê?·ē?×·?ê???ē????
???U???÷???}??ń??????ń?×??? The booth attracted attention from key customers, establishing connections with
?÷ ???? and Product Quality global customers.
Customer Service System Law of the People's Republic
of China. We are committed
to responsible sales and
Sinofuse Electric recognizes that listening to customer feedback is critical for continuous marketing promotions,
????×·?×????????òē?????ē???ē×·?êê?·?êê?·ē????ê??ē???ò??·ē?ò·??ē??????????·?? ????×?×ò??··???ē??ò?·??-
ē???ē×ò???·?×ò??ē?????ê???ê???????·????????×·???ē×?×??ē×?ò?ò?×òò???ē×?ò?? ?????ò?×??×ò?????ē×?ò×ò
?·ē×??ê?·?êê?·ē·??ē??????????·?ē??????????ê??????????????×·???ēê×ò?????·×?ê???×?? ?ê???ê?????ē????ê????òē?
customer sales, and product
and other channels to gain real-time insights into customer needs and expectations. This
labeling management. In
?êê?????ē???×·?ê?×??òē×???ò?????×·?????ē·??×ò???ò??????ē????ē??ē??×????? 2024, Sinofuse Electric
×????????òē? recorded zero marketing
·???ê×?ò·??×?ê?ē×?ò??
Partnerships &
Social Responsibility
We are committed to fairness, transparency, and impartiality in
???????ê×????ò?????òē?????ê?×ò??ē?×·ē·?òē??ê??ē?????
?ē?????????ò?????×ò??ò???ê?·ē×?òē????ê??ē×?ò???
ensure supplier compliance and build a responsible, sustainable
????ê?·??×ò?ēē??????ē×???ē??????ò??·ē×??ê?×òē?-
grates ESG principles to enhance green and compliant supply
·??×ò??ò?????òē???×?×ò???????????ē??×ē?×òē??×ò???ē???
Philanthropy is a core part of Sinofuse Electric's corporate
·?êē?????×ê?·?ò?×?ē?òēê???ê×???×ò????ê×ē??????·ē??ò?
????×·???ē??????ò?×????×·?ē??ē???????×ò????×ē×????·×?ê
impact, fostering a compassionate and harmonious society, and
expressing care and warmth through meaningful actions.
????=??Y???????ò·?
As of the end of 2024, the total number of Company suppliers
reached ???.
In 2024, all our suppliers signed the integrity clause. ê×?ò×ò??×ē?a??ē?×ò??ê????ê????òē'??ê?
Responsible Supply Chain 55
Industry Collaboration & Shared Growth 59
a?·×?ê?ê?????ò????ê??×ē?ê×??ē×?ò 60
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Responsible Supply Chain a???ê???×ò×??/??òē×?·?ē×?ò?ò????????òē
???·ē×????ò×ē??×ò??ò???ò?????òē??????ê?·??×ò?×??????????òē×?êē??ò???×ò????×ò???·?òē×ò?×ē??????ê?ē???·???ê×?ò·??
h??????ò?×?·???×ēē??ē???×ê?×ò?????ē?×ò??ê?????ê?·??×ò????×??×ē×?????·?????òēò?????ò??ò????ē×??ê???ê?êê- ?ò????ē?·ē×ò?ē??????ò???????ē?ē×?ò??êê??×ê???????ē×ò????ē?×ò??ê?????ê????òē?a×ò?????ê?·ē?×·×???×?????ē??
??òē????????????òē????×ê??·ē×??ê??ò·?????×ò?????ê×???ē?×??????ē??×????ē?×ò??×ê×ē????·ē×·????×??ê???òē ??ê×??ē??ē·???????ò?×??????ê?·??×ò?×????ò?????òē?êê??????ē?????ê?×??òē×?·?ē×?ò?ò?????????òē????ē?òē×?ê?×?????
?ò??ē???ò??????ò?ò·??·????????ê×???ò?????×ò?????·?????òē?????????ò·????ê??ē×?ò??ò?·????×ê×ē?????ê????òē???·???- ×??ê???òē×ò?????·ē×???ò??????ò?×??????????????ē??ò?ē??òē?????×ê×?ò·??ò???×ê×ē??????????ê?·??×ò?h?×???????·?
es, systematically integrating ESG risk considerations. ??ê???????????ē?????ê×ē???????????·ē??ò?????×·??????ē?·ēē???ò?×??ò??òē?ò?????ò?×??ē???ò?????ê?ē???×????ē
?ē?ò??????????×ò????ē?×·??ò?·??????ē??????ò?ò·??
h??ò????????ê?·??×ò???ē?×ò??×ê×ē??ò?????·??ò?ò·×?ê?ò?a'?×????ē??????ò??????ē??ê×??????×??????????ê×????ò-
?????òē?ē??·ē?????????ē?????·???????ò?×????ò?????òē???ē???
Risk Type Monitoring Methods Countermeasures
Supply Chain
Governance ???? KEY
PERFORMANCE
Risks Related to
tions 2. Strict control and inspection of
·???????ò?×???????×??ē???ē????ò×ē??????·?????òē?·ē×?×ē×?? Supplier Quality
throughout their lifecycle, emphasizing compliance and impartiality. Regu-
ê??×òē??ò?ê???×ē????ê??ē????·?????òē???·??????·?ē×?ò?·??ē??ò???- mechanism
??òē????·ē×??ò?????ò?????ê×???????ò?ò·???×ē?·????·ē×???·ē×?ò? Suppliers
?????ēê?×??ê???òē?????×??òē×??????·×?ò·×???
h??????ò?×?·???×ēē??ē???×ê?×ò????×??ē??ò?????òē??ò????·×?òē???-
plier management system. To support our supply chain security strategy,
ò?×??ò??òē
×ò×ē×?ē×??
????????ē??ê×????????×·?ē??????ê?·??×ò??ò?????òē????ò×??ē×?ò?ê Suppliers within 2. Reduce toxic material use and waste
and Climate 2. Track carbon emissions and material
?ē??·ē?????ò???×ò?·ê?????ê???ò??????ò?×?×ê×ē×?????×ò?ê?·?ē?????·ē×??ê? ē??????×ò·? generation
Change ??·?·ê×ò?×????????òē?
carry out related functions.
Risks Related to 1. ?ē??ê×???ò?×??????M,a??ò?????òē
?ò?×??ò??òē
Occupational system
Health And 2. E?ò×ē??????ê×??/aM?????·??ē×?·?ē×?ò
safety training and awareness
Safety rate
campaigns
Risks Related to
culture training and learning ????ê??????ò??ò?×??ò??òē
'????ò?ò·??
Business Ethics
requirements ????×·????ê×ē?
Risks Related to
?ò???ê???????·? mineral management policies
?ò?×·ē
Minerals
·?ò?×·ē?×ò???ê?×??? supply chain
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
%?êê??·ê?E?ò?????òē??a???ê×???
h??????ò??ê?·????ē??ò???????×??òē?????ē?×ò??ê?????ê????òē?ò?a'ɑò?×??ò??òē?ê?a?·×?ê??ò?'????ò?ò·?????·-
ē×·????×ē?????ê×???????????ē??ê×????·ê???×òē??ò?ê?ē?ò?????????ò?×??ò??òē?ê???ē?·ē×?ò???·×?ê?????ò?×?×ê×ē???ò????×-
ness ethics as part of our supplier onboarding process. These standards are embedded throughout all key stages of supplier ò?×??ò??òē?ê
Protection
??ò?????òē??ò???·?ò??·ē????ê?????ê??ē×?ò?ē??ò????·?òē×ò???·???ê×?ò·??ò?ē?????·ē×??ê??×ē×??ē??×????
ò?×??ò??òē?ê???ê?ē×?ò???ê×?ò·?
Waste Management & Circular Economy
Energy Consumption & Climate Change
Hazardous Chemicals Management
????
h??????ò???×??×ē×?????ê?·ē×?ò??????×?ē×ò?????ê×??×ò??òē??×????????ò?????ē×?ò?ê
Supplier ????×????òē??ò?ē?·?ò×·?ê???·×?·?ē×?ò???ò???×ò?ò???????ē?????·??????ê×????òê?
Selection when existing resources are inadequate. Candidates undergo preliminary screening followed
????·???òē???×?????ò??×ē????×ē???ò?ē?·?ò×·?ê???ê×ē????ê??ē×?ò??
Labor Rights
Supply Chain
Management
Supplier Product
a???ê×??????????×???ē?·?ò??·ē×ò???·ē×?ò??ò??ê×??????????·ē??ò?????×??·?ò????×ē? Notes to
Child & Forced Labor Prohibi-
Quality
·??ē×?·?ē×?ò??·???òē???×ē???×??ò?ē×?·?ē×?ò??ê×??ē???????ò????×?·?ē×?ò??G???·??ò?- Supply Chain
??ò?·???×ē?ē?????×??×?ò??·???????ò?×????·???òē?ē×?ò???×ê????ê?ò???????ê?×òē?????- a???ê×??ò?×??ò??òē?ê tion
Management Management ESG Occupational Health & Safety
ē×?ò??????ê×ē??ò???ê×??ē?×??????????ê??ē×?ò???×????ê×?·?ē×?ò???·???????
Supplier CSR Stewardship Respon- Freedom of Association &
Supplier Code of Ethics sibility ?êê?·ē×??????×ò×ò?
Equal Opportunity Employment
Supplier ?ò??×·??ò?????òē×?×??ê???òē??ē???????òò??ê???ê??ē×?ò??????ò???×ò?ò?????ê×-
Performance ???????ê×????a???ê×?????ê×?·?ē×?ò???×??????????ò×??????????·ē×??????×?×??×?????×·?
??×???ò? ???×??ē??????????????ê×??ê×?ē??????ò·???????ò?×?????ê??ē×?ò??ē·???????×???????
Reassessment audit reports, performance metrics, and compliance assessments. Business Ethics
Anti-corruption & Bribery
Y????òē×?ò
Dynamic Tiering Data Protection Commitments
Based on supplier performance assessment outcomes, the Company conducts periodic tiered Fair Competition Practices
and
???ê??ē×?ò??ò?×??ê???òē???ò??×·????ê×????ò?????òēē?×ò·?òē×?×????·?êê?ò·???ê×?×-
Management of
ò?ē??ò???????????ò·???ò???×??·?òē×ò????×????????òē?×ò?????·ē?ò?????×·????ê×ē??
Suppliers
h??????ò?×????×·?ē??ē?·?òē×ò????ê??ò??ò·×ò?×ē?????ê?·??×ò???ē????×òē????ē×ò???ē???ē×?òē?????ē???·×?ò·??ò?
?··???·???×ê???????ē×ò????ē?×ò??ê?????ê????òē?h?×??????ē×ò·ê??????ē???ē??????ê×?????ê??ē×?ò?????ê?ē×??×ò??òē???
tracking, and optimized logistics routing, all designed to reduce waste, cut costs, and increase supply chain transparency and
?????ò?×??ò??????ê×???×ò???ē??ò?×??ò??òē?ê?ò??·?ò??×·??ò??ē??
???? KEY
PERFORMANCE
Supplier Integrity and Compliance
Supply Chain ESG Responsibilities The Company is committed to upholding integrity and compliance by signing
C????????????????? and ??ńń?????????????ń????×??????????????×????? ?????????
U??????. These reinforce our dedication to business ethics and anti-corruption
We adhere to international labor standards, including the ?;??????}?????ń????? ??????????@???????????c( $;?????????÷??
practices, ensuring honesty and transparency in all transactions. We enforce
????????????(????ń?????, the CUc???ń?????$???????????÷}?????ń?????????????????????????(????ń??????????????}?????, and SA8000, Signing rate of supplier
strict internal procurement controls to reduce corruption risks, ensuring
?ê?ò??×???????ē×·????ê?ē×?ò???·???ò?×??ò??òē?êY??ē?·ē×?ò?????ē??Y???ê???????ê×·???×ò??ò?ē???????òG??- integrity clause
fairness and compliance throughout the procurement process. Together,
ē??ê×ē??ò?????òY???×ò???ē??ē????????×ò??????????×êê×ò·????×ò?ê?×òē????ē?????ò???·?????òē??ò?×??ò??òē?ê???ē?·-
ē????????????·???ē??ē??ò?????òē????ê?·??×ò?ò?×??ò??òēē??ē???ē???
ē×?ò???êê?ē×?ò·?òē??ê??ò??··???ē×?ò?ê????ē?×òē???ē?ò??????ê×???ò?????×ò??ò??ò??×ò?????ê×????ò?????òē??×?×ò?
healthy, ethical partnerships with our suppliers.
priority to suppliers with established EHS management systems.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
?ò?×·ēE×ò???ê?
???? KEY Social Welfare and Rural Revitalization
PERFORMANCE
Sinofuse Electric does not currently use any 3TG minerals in its produc-
tion processes. In line with our commitment to responsible sourcing,
???ē?×·ēê?????×?×ēē????????×ò???ê?????·??????·?ò?×·ē?????·ē?? ?a×ò?????ê?·ē?×··?òē×ò???ē????????????×ò????ê?·???×ēē??ē??????·×?ê?????ò?×?×ê×ē×?????·ē×??ê??ò????×ò???ê×·
areas. Suppliers are required to ensure that their products do not con- ??ê????×ò×ē×?ē×????ò?????ê???×ē?ê×??ē×?ò?????ē???ē?×?×ò?ē?????????×ē×??×???·ē?ò???ê???×ê????ēē???????×ò·ê??×????·×?ē??
ē?×ò?×ò???ê????·??????·?ò?×·ē??ò????ē????ē??ē?×?ê?ē?????-
ny policies.
We are fully committed to complying with the c( $$??$????????;????
????÷?????ń????×????ńń?? ??????÷???????÷??? ????????????????
a???ê×??????×ê×??ò·?·???????
Public Welfare and Volunteer Services
@?????????????????êê??ē????ê???òē????×?×?ò???ē??$????:????
??ē??ò·?ò?×·ē?×ò???ê?×?????
????????????÷?????? ??????? }??????????? regarding the sourcing of
h??????ò??·ē×??ê???ê?êê?×ē?·??????ē???·×?ê?????ò?×?×ê×ē?ē???????ò??????òē×ò??·×?ê????×·???ò???×ê?òē????×·?·ē×?×ē×???
?×?×ò?ē?·?òē?×??ē?ē???·×?ē??ò??????ē?·????ò×ē????×??ò???ē?×ò??ê?????ê????òē?ē?????????ê×?×ò??????ò×???·?????????-
?×?ò??ē???òē???òē????×???ò???·×?ē??/ò?????ē??????ò?????ò×????ò????ē×·×??ē??×ò???×?????ê?òē????·ē×?×ē×??×ò?×??ò?
totaling 16 hours.
XI'AN SINOFUSE ELECTRIC WINTER CHARITY EVENT
Industry Collaboration & Shared Growth
On December 7, 2024, led by the Company's Party branch and labor union in partnership with the Green Leaf Charity
?òē??????×?×ē???ê???ê????×??òē?×òò??????ò×?????ē??????????ò????×ê×???????ē???×òE??×??×?ò~×êê????;×??×?ò??ò?
Town, Lantian County, bringing warmth and comfort during the winter season.
'?×?????ē????×ò·×?ê???×ò???ē????×??????ò·???òē??????ē????ē??êê???ò??·×?ê???ēò????×???×ē??ē?????ê?????·????ē??
??ê??·??×ò?h??????·?êê?????ē×????????·?????×ò??ē?·?ò?ê?????·??ò?????ò??????ē×òē?êê×??ò·??×????×ò?ē×?ò?????×??
·?êê?·ē×??×òò???ē×?ò?ò????ē?×ò??ê?????ē????ē???òē×??×ò???ē???·????ē???
Supplier Training
'?×?????ē????×ò·×?ê???×ò???ē????×??????ò·???òē??????ē????ē??êê???ò??·×?ê???ēò????×???×ē??ē?????ê?????·????ē??
??ê??·??×ò?h??????·?êê?????ē×????????·?????×ò??ē?·?ò?ê?????·??ò?????ò??????ē×òē?êê×??ò·??×????×ò?ē×?ò?????×??
·?êê?·ē×??×òò???ē×?ò?ò????ē?×ò??ê?????ē????ē???òē×??×ò???ē???·????ē???
%???ê???ê?×ò?×?×???ê??ò??ê?ē??×·???????ê×??ē?????ê?????ē????ò???ê?òē??????????ē??ē????ē???ê×???????òē×?ê?
????
KEY ?×??·ēê?ē?ē??×?????????×ò?×ò?·?????ē?ò?·????n??ò???×?×ò??ēē??×??????ē?·?×êê????×??ò·???ē??ē????????ê?
PERFORMANCE
·??·???×ò?ò??·??????ò?????êē??ò?ò?????ē?????ē??êê?????×?×ò?ē?×·???×êē?ē??ò????ē????ē?????????ò?
well-supported throughout the cold weather.
sessions
Internal capability enhancement training for
the supply chain organized by the Company
Equal Treatment of SMEs
In 2024, the Company strictly adhered to contractual terms with SMEs (Small and Medium-sized Enterprises), ensuring timely
?????òē???êê·?òē??·ē??êê???ê×??ē???????ê????????×ò·???×ēē??ē????ē??×ò?·?êê?????ē×?????ēò????×???×ē?aE??
????ê?×ò???·?ê?????ò?×?×ê×ē??ò??????òē????ē??ò?????òē???·ē×·??ē??????òē?????×ē??ê?ē???ē??òē???êê???×ò??????ē-
ners.
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
a×ò?????ê?·ē?×·?????ē???·?êē???????ê?òē???×????????òē????×ê?????????????×ò???·×?ē??ò???????×ò??×ò?ò??????
?·ē×??ê??ò·?????????ê?????ē????ē×·×??ē?×ò????×?ē??????ê×·??ê????×ò×ē×?ē×??????ēē×ò????·???×ē??òēē?·??????ē???·×?ê
?????ò?×?×ê×ē?×òē??·ē×?ò?h??????ē??????ê?òē????????ē??ē??????ò??????ē????ē?????ê????????·×?ê?????ò????ò????×-
·?ē×?ò???×ê????×ò?????×ē×??×???·ē?òê?·?ê·????ò×ē×???ò??????ē×ò???·×?ê?????ò??ò?????ê????òē?
Rural Revitalization
h??????ò?×??·ē×??ê?×ò??ê???×ò????ê???×ē?ê×??ē×?ò?????ē????????ē×ò??·?ò??×·????ê????òē?ò?ē???????ò×??ē×?ò??ē??
???×·?êē???ê??·ē??ē??????×òò???ē×?????·?ē×?ò?????????ò????×??????????ē????ē?????×?ē?ò·??h????×ò×ē×?ē×???????·ē×??-
ê??ê×?ò·??????ē???????·???×ē?ē??ò??????????ê·????ò×ē×???·???ē×ò??·????×????????·?ē??ē×òē????ē??·??????ē???·×?ê
?????ò?×?×ê×ē??×ē?ò?ē×?ò?ê????ê???×ē?ê×??ē×?ò?ē??ē??×???
CARING FOR RURAL AREAS, SUPPORTING EDUCATION
Mò/òē??ò?ē×?ò?ê?×ê???ò?????????a×ò?????ê?·ē?×·?????????×ē?·???×ē??òēē???·×?ê?????ò?×?×ê×ē??ò?·??×ò?
for the future of the nation by reaching out to primary school students in remote mountainous areas. With the sup-
port and coordination of the Xi'an Lüye Public Welfare Sunshine Education Assistance Department, on May 30th, the
????ò??×?×ē??ē????×ò·???????a?ò???ò?×??h??ò?òē??êY?×????a·???ê×ò??òē×?ò??òē??????òē?×ò???
???×?òē???ê×????×?ē??ò??×??ē???ē???òē???????ê??ê×????ēē??????ē×???·??????×?ò?ē?×ò?×?×???ê??????×??ò
a×ò?????ê?·ē?×·????ē????ò?ē????????ē?????ò???×ê?????òē×?ê?ē?·?×ê???ò????×?????·???ê?ê?·?ē??×ò????ê?-
tionary base areas across western China. Philanthropy is a core part of Sinofuse Electric's corporate culture. While
·?ò?×?ē?òēê???ê×???×ò????ê×ē??????·ē??ò?????×·???ē??????ò?×????×·?ē??ē???????×ò????×ē×????·×?ê×???·ē?
fostering a compassionate and harmonious society, and expressing care and warmth through meaningful actions.
a×ò?????ê?·ē?×·?×êê·?òē×ò??ē?·????×?ò???ê×·??ê????×ò×ē×?ē×????????ò?ē??ē×ò?·??????ē??????ò?×?×ê×ē??ò?
·????×ò????????ē????×?×ē???×?×ò??????·???×ēē??ē???×ò?????ē???ēē???ê?êêa×ò?????ê?·ē?×·???×?×?ò???
public good!
Y???ê???òē?×·????ò
Development
a×ò?????ê?·ē?×·??êê????????ê??·?òē????????ê????òē??×ê??-
????????×·?ē??ē?·???ē×ò????×???×???????ò?×ò·ê??×??????-
?ê?·??h????????????ēē?ê?òē????ê????òē???ē???ò???êē×-
ple promotion pathways, we continually support employee
????ē??ò?·?????????ò·???òē?h??????ò??????ē??ê×????
?·???????ò?×???··???ē×?ò?ê???êē??ò?????ē??ē??·ē???ē??ē
????×???,aē??×ò×ò??ò??×????ò?????òē????êê???ê?????ē?
protect their physical and mental well-being and ensures work-
?ê?·?????ē?????ē???×?×ò?????×??????ê×ē?????ē?×ò??ê?
growth.
????=??Y???????ò·?
As of the end of 2024, the Company strictly prohibits any form of
employment discrimination, forced labor, or child labor, with a
???? employment contract signing rate.
ê×?ò×ò??×ē?a??ē?×ò??ê????ê????òē'??ê?
/ò?????ē??????ò??·?×??????êêē??×ò×ò?·?????????×ē??????
employee participating in training programs. The total training
time reached ??????????????????×ò??? hours per employee.
????ê?·??··×??òēê×??×ê×ē?×ò????ò·?·????????ê?????·???????
??ê???????ê????òē 65
in 2024.
Health and Safety 74
During the year, the Company recorded zero major safety
incidents and no work-related fatalities.
By the end of 2024, all of the Company's production facilities had
obtained occupational health and safety management system
·??ē×?·?ē×?ò?
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Employee Development Employee Development Risk Management
h????????êē×?·??òò?ê????????òē?×ò·ê??×ò??????????ē???×òē???×?????ò????òē×ē?ē×??????????ò·??ò?ê?ē×·????×??òē×???ò?
???ê??ē????ê??????ē??×ò×ò??????ê????òēò???????ê??????????ê×????ê?ò·?????×????òē???ò??????êê??ē×???·ē×?òê???ê???ò-
Employee Development Management structure ·????òēê????·?ò??·ē???×??×·???×ē???????ò×??ē×?ò?ê·????ò×·?ē×?ò???·×?ò·??ò????ê????òē·???ê×?ò·?ē??????òē??
????·ē×?????ē?·ē×?ò?????ê?????×??ē??
M???????êê???ê????????ê????òē?ē??ē???×???ē??ē????????×??·ē????ò?ē??'?ò???êE?ò?????h??,???ò?????·??
????ē??òē???ē????×ò?ò×ē?????ò?×?ê???????????·???ò?????òē?????????ē?????·?ē×?ò?????×ò×ē×?ē×?????·???·????ò-
??ē×?ò?ò???ò??ē????·??×ē??òē??ò????ê????ē??×ò×ò??
??ê???????ê????òēaē??ē???
Equal and Diverse Hiring Strategy
Employee Development Management structure
a×ò?????ê?·ē?×·???????ē?ē????×ò·×?ê?????×????×ē?????×ē???ò?×ò·ê??×?ò??ē?×?×ò?ē?????×?????×ē??ê????ê????òē?????ē?-
nities. The Company has put in place a R????????????????????????? that explicitly embraces and respects employees of all
genders, ages, races, religions, sexual orientations, physical abilities, and backgrounds throughout recruitment, training, promo-
Top The Company's Board of Directors and General Manager are responsible for setting the ē×?ò??ò??ē??????·??????h?×???ê×·?????·ē?ē??????ò??????×·?ē×?òē????ē??×ò????×??ò?×ò·ê??×???????ê?·???????????
Decision-making ?????êêē?ê?òē?ē??ē??????ē??ê×??×ò???·??×ē??òēē????ē??ò??????ē?×òê×ò??×ē?ē?? ???ê????·?ò???·?ē??×???êê??ē?òē×?ê?ò?ē??×????ē??????ò?êê??ò????????×?ò?êê??a?ò×??ê???????×????·?ò?×?ē?òēê??×??-
????ê
????ò????òò??ê????ê????òē?ê?ò??ò????×ò???????ē?ò????? ê×??ē??ē??×????ē?ò·????×????×ē??ò?×ò·ê??×?ò???ē??????ò???????ē?×ò???ê×·???????ò?????ê??????ò??×ò?×ò???ē-
ment in resources to support this commitment.
??????ê????ē??ê×??????????????ń????×???????????????????? that strictly prohibits all forms of discrimination, including but
not limited to discrimination based on gender, race, age, or religion. The Company has set up dedicated reporting channels to
?ē??·????????ē??òē?????·??×ē??òē??ò?????òē?×ē????ê?????ē?×ê???×?×ò??ê?ò? ?ò·?????????ê?????ē????????×?ē????????×?ò·????×ēò????ò??×?·?×?×ò?ē????????×????ò?????·???????×?·?×?×ò?ē×?ò
based on senior leadership's direction, clearly outlining the process and timeline for are met with strict disciplinary measures, ranging from warnings and demotions to termination, while ensuring appropriate sup-
each role. ???ē?ò?·????ò??ē×?ò???ē??????·ē??×ò?×?×???ê????×ē×?ò?êê??ē??????ò?????ê??ê?????ò×????òē×??×?·?×?×ò?ē×?òē??×ò×ò?
Maintains and expands recruitment channels by partnering with major job portals and ē??ò??ò·??êê???ê???????????ò????ò???ò?×ē×?×ē?ē??×?·?×?×ò?ē????????×???????ē??×ò????????×?·?×?×ò?ē×?ò?????ê?·?
?·ē×??ê????ē×·×??ē×ò?×ò·???????·??×ē??òē???òē?? culture.
Y???×??????????×?ò?êē??×ò×ò??????·??×ē???ē??ò??ò·?ē??×???×êê??ò?×òē???×??×ò???×ê×-
ties.
Compiles recruitment data and regularly reports progress and results to senior manage- Commitment and Measures to Prohibit Child
HR Department
ment. Labor and Forced Labor
???ê??????×??ò?·????ē×ē×??·????ò??ē×?ò?ò???ò??ē????ē?????ò??×ò??????êê
·?ê·?ê?ē×?ò???×?ē?×??ē×?ò??ò???ò??ē????×ò×?ē??ē×?ò?
?ē??ê×?????ò?·?òē×ò????ê?×???????ē??????????ò·???ò?????òē???ē??????ēē×ò?
????
The Company strictly adheres to all domestic and international laws prohibiting child labor and
???ê??ē×?ò?ē?ò??????ò????·??????????ò×?×ò?????????ò·????×?????ò???ē???×ò?
forced labor. We uphold the principles of fairness, justice, and respect for human dignity,
??????·?ē???????ē???ê????????ê????òē?ò?×ò??????ê????????ē??òē?? Commitment
????×?×ò??????????êē????ò?????????×ò??ò?×??ò??òē??·?ē????×·?êê?????·ē?ò???????
%??ē??????×ē×?????ê??????ê?ē×?ò??????????×ò?·???ê?×òē??ò?????ê?×ò?ê???? Statement
·?×ê??????·??ê?????·?ò?×???×ò?ē?×??·????????ē×?ò?ê??×ò·×?ê??ò??????ê×?????ē×?????
?×???ē??????·ē×??ê??
our Company.
a???×ē?????ē??òē?ê?ē???ò???????ē??×ē???ē?×ê?????×ē×?ò????×????òē??×ò·ê??×ò? ????
??×ò???·??×ē??òē?ē??????ò??×??????ê????×??????ê×·?òē???????·???òē?ē??ò?????êê
?????ò?×?×ê×ē×???ò????ê×?·?ē×?ò??
new hires meet the legal working age. Recruiters are required to thoroughly check each appli-
Participate in resume screening, and use professional expertise to identify candidates Recruitment
Departmental ·?òē??×??òē×ē??ò??ò??ò??ê?ē?????×????ê×??????????????????·ē??ē????ò???????×êê
who meet technical criteria. Process
Responsibilities ò?ē???×??????ê?????????ē?????·ē×?????×?????·???×ò?ê?·??×???ê?????×ò?????ē×?ò×?
?ò??·ē×òē???×???ē????ê??ē?·?ò?×??ē????ē???ē????ê??·?ò?×???×ò???·ē???ê×?? Management
?×?·????????ē???×?×ò?????×êêē???×????×?ē??·ē×?ò???ē??ò?×ò·ê??×ò?ē???×ò?ē×?ò??
professional skills and teamwork.
employment, and pursue legal accountability where applicable.
Y???×?????????·×?·ē??×ò×ò??ò???×??ò·?ē?ò???×????
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Gender structure Employee age Employee education
of employees (Persons) structure (Persons) structure (Persons)
????
Maintain thorough management of all employee personal records, ensuring key information—
??·???????ò???ē??????ê????òē?×???êê???·???òē??????ê??ê????×?????ê??????·????
Employee 32
ē?·?ò???ē??×??··???·??ò?·???ê?ē?ò????Y????ēê?×ò???ē×??ē??ò?????ê???ò??×?·????ò- 72
Records
cies or inconsistencies to minimize the risk of child labor issues arising from inadequate
Management
record-keeping.
Number of male Number of female Number of employees Number of employees Number of employees Number of
employees employees ???????ò?????? aged 30-50 with associate degree Employees
Conduct regular inspections of all company workplaces to ensure compliance with health and or below with Bachelor's
Degrees
safety standards and to eliminate any conditions that might suggest forced labor. This includes Number of employees
Work under 30 years old
monitoring reasonable workloads, ensuring working hours comply with legal requirements, and Number of employees Number of
ò?×??ò??òē with master's degree Employees
maintaining safe and comfortable facilities. Establish dedicated reporting channels that with Doctoral
Monitoring Degrees
?ò·?????????ê?????ē?·?ò???òē×?êê??????ē?ò??????·ē??·?????????·??ê??????????
????×ò?·?ò?×ē×?ò??êê?????ē??×êê???????ēê?×ò???ē×??ē???ò???????????
Talent Retention:
????????ê?????ē???????òē??ò?????×ò???????????ò???×???ē??ē×ò·ê??????òē????×????×êê?ē??×ò×ò???ò?ē??????×ê?×ò?
?·ē×?×ē×??ē???ê?ē?????×·?ê???ēēê?×òē?ē??????ò?·?êē????ò??????ò?×??ò??òē???·ē×??ê??????ē???E?òē????×??ē??×ò-
×ò?????ê???????????×?ò·?????ê?????????×???ò???ò??ò???????ēē?ò??·???????????×ò???ē??×?????ē??ò???×?×ò????×-
ē×????ē·?????
Include clear prohibitions against child labor and forced labor in contracts with suppliers and Employees
Supplier and
???ēò????????×?×ò??ē?×·ē·???ê×?ò·??×ē??êê??ê???òēê?????ò??·ē????ê?????×ē?ē???????
Partner
ê???????·ē×·??ē????????ēē??????ê?·??×ò?ē??×ò?×????×?ē?·????·ē×???·ē×?ò?×ò·ê??×ò?·?ò-
Management
tract termination if necessary—to ensure full compliance.
Employees a×?ò?ê????·?òē??·ē???·?×??
??êê??·×?ê×ò????ò·???ò??ē??
and enjoy housing fund contributions.
Y???×???ò??×ò?ē??×ò×ò??òē??????×?×ē×?ò??·?×ê??ò????·??ê????ē???×??ê???ê?????ò???
???????ò?×??????ò??ē×?ò??ò??ē??ò???ê???????
Employee
?ò?????ê??ē?×·?ê?ē?ò????????ò??êê???ê??????ò????ē??ē??????ē???????????êê?
Training
?ò????ē?ò??ē??????ò?????ê×·×???????×????òē???ò?ē??·?ò?????ò·?????ò??×?ê?ē×?ò?? ê×?ò???×ē?????ē??ē??×·?×?×?ò?ò????×ò????ē??·ē??????????????ê?????ò?·?òē×ò????ê?×????????·????ò??ē×?ò?ò?
and
ò·???????·ē×?????ê????×ò??ê????òē×ò?????ē×ò??ò???×òē?×ò×ò??????????ê????òē ×ò·?òē×?????ē??ē??ē???ò???êē×?ê?·??òē?×????·???×ò×ò?????ē?ē????ò?ê?ò??ē???×ò·?òē×????×ē???ē?ē?ò?×?ê??ò?×òē?ò?×-
Education
practices across the organization. ?ê???????????·?ò?×?ē?òēê???ē×??ē????ê???????×ê??????×ò??????ē?·????ē×ē×??·????ò??ē×?ò?ò???ò??ē?????????×êē?
??×???ê???òē??ê????ē??·ē?????ò???ē??ê×?????·???????ò?×??·????ò??ē×?ò?ò???ò??ē????ē????×?????ē??a?ê???E?ò-
?????òēa??ē???M??????????ò·????ê??ē×?ò???·???×?·?òē×ò????ê????ò??ē??ê×?ò×ò?×?×???ê·?òē?×??ē×?ò??×ē?????ò×??ē×?ò?ê
???ê????×??ò??ē??????ò????òò??ê???×ò???????·ē×????ò??????ē??òē?ê????????ò·??h?×????ê?ē??·????ē???????ò???-
??òē?ò????????×?ò?ê????ē?????×??????ê??????×ē?????ò???·?????????ê????òē?????ē?ò×ē×???
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Compensation & Incentive Measures
EMPLOYEE CARE ACTIVITIES
??????ē??·????ò??ē×?ò???ē??ē??ē??????????ê???????????òē????ê??ē???·?òē?×?-
ute, placing strong emphasis on recognizing high performers and those who make exceptional
·?òē?×??ē×?ò?ē?·??ē????·ē×?ò????·×?ò·???×ò?????ê×ē?×????????òē???ò????????ò? %??òēê×ò???ê???????·ē×?×ē×?? E×???ē??ò%??ē×??ê??òē??ò×??ê???òē
Short-Term
×ò×ē×?ē×????h?×???????·??ò·??????????·???ò??ê??·???ē×?ò×ò?????×????·????ò??ē×?ò
/ò·?òē×???
?×?ē?×??ē×?ò?ēē??????ē×???????×?????òē×?ē????ò??×ò·?òē×???????????ē??ò?ē??òē??ê×ò?
??ē???ò???ê???????ò×ò???ò?????ò?????????ò·????×?×ò????ē?×ò??ê???×??????ê×ē?
growth.
?????ē???×ê???×ê?×ò?????×???ē?ê?ò??ē???×ò·?òē×?????ē????×??ê???òē×ò??ò???ê??-
Medium- to ???ē?·???ò????×??ê?ò?/ò?????ē??ēē??·ē?ò???ē?×òē??ē?ê?òē???ēē??ê??????????????ò
Long-Term ·??×ē?ê??ò???????ēē??????ò???????ē????×òē????·?????×ē?×ò·?òē×????h?×?·???ē???
/ò·?òē×??? ?ò×????ē??·ē??????????ē?ē??????ò??ò????ê????????????ò??ē??ò??×???????ē??×ò??
?×ò??×ò?×ē??ē×?ò???×ò?×?×???ê????ê????òē?ò?·??????ē???··????
×????×????ò??ē?a??ē??
?????×?????×·??ê???????ē?·ē×?ò???????ê?????×ò?··????ò·??×ē?ò?ē×?ò?ê?ò?ê?·?êê???
Statutory ?ò?????ê?ē×?ò??×ò·ê??×ò??òò??êê??????×·?ê???????ē??ò×ē??ò???ē??ò×ē?ê??????????ē????-
?ò??ē? ×ò?ê??????????????òēê??????ò???????ò???×ò?ē??ē???ê?????×??ē??????êê?????????????
êê???ò·??????×?ē??????ê??????ò??ē??×ò·ê??×ò?·????êê???ò·??ê×??·??ê×ò?????ē×ò??ò?
housing subsidies, as well as in-kind perks such as labor protection gear and special holiday
?×?ē????ē??????ò??ē%??ē×??ê?E×???ē??ò%??ē×??ê????ò??????ò??×ê???ò?????
nò×?????ê demonstrating our commitment to employee care.
?ò??ē? ?òē??ò?ò????×ē?????êê????×?????·?????ē??ê?????×ē??×???ò????ê·??×ò????ē×???×ò?
canteen that support employee well-being and foster a strong sense of community.
??ê????·ē×?×ē×???????ē??òēē??????×ê?×ò???òò??êē??????ē·?
Targeted Additional protections like work injury insurance for rehired retirees and interns, further
?ò??ē? ?ò??ò·×ò????·???????ò?×????ò??ē?????????
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
h??????ò????×??ê???òē???·???????ò?×??ē??×ò×ò????????ē??ē×ò·ê????ē????????????????????????????????ńń???????
???????????????, C?????????????????????????????, and ?????????????????????????. This structure offers employees a wide
Assessment and Promotion ??ò????ē??×ò×ò?????·????ò?????×ò????ò???×??????ò???ê??×êê?ē??×ò×ò???ò????·×?ê×??????????×?ò?ê????ê????òē?
???????ē??ê×??????·×?òē×?·?ò??ē?ò????×????????ò?×ò????ē?????ē??×ò????ê·?????????ê????òēē??·????ò????
???????×?ò?ê??ê???ò??ò??????ò????×?ê??ê????????òē??????ò?????ê??·??×ò?ò?????×ò?ê???ê??????·?òē?×??ē×?ò?
???×ē×?ò?????×?×???×òē????·?ē????×?????ò?????òē???ò·ē×?ò?ê???ê???ē?·?ò×·?ê??ò???×êê????ò·??????×ò??ē?ē?ê???? ???? KEY
???????×?ò?ê??ê??? PERFORMANCE
nò???????????ē×?ò??ò?????òē??ê×·??????ò·???òē×???????ò·ê???ê????ò??·?×ē??×??×ò·ê??×ò??ê×?×?×ê×ē?????×????òē??
?ò??ê??????ò·???????·????ē?ò·??ē?ò???????ò????????×?ò?ê??×êê??ē??????????ê?????·?ò???ē×·×??ē?×ò??ò?·??ē×?·?-
ē×?ò?ē??×??ê×?×?×ê×ē????ē?????×?????ò???????????ē??,?????ē??òē????????òē??????ò×???ò??×??ê???ê???×ē×?ò???? hours hours
·?ò??·ē?????????ē??òē??????ò???ê???òēê?????????×ê???ò×???ê???ê?ò????????????×??????ē??????ò???\??ê×?·?-
tion Assessment Committee. Promotion criteria include factors such as educational background, area of study, years of experi- Annual employee Total hours of employee ?????????????ē??×ò×ò?
?ò·???ò???ê???òē·??ē×?·?ē×?ò??=ò??ê????????×????òē????ò??ē????ò??ē×?ò?ê?ò????·×?ê×???????????×ê?·????ē?ò·? ē??×ò×ò?·?????????ē? ē??×ò×ò???ê×????? ??·?×?????????ê????
expectations emphasize strong job performance. Professional skills should demonstrate cross-disciplinary expertise. Additional-
ê?????ê?????????ò·???????ē??·ē×??ê??ò????×ò?ò??ê????????×ò??ò?·?ò?×?ē?òēê???ê×????ē??ò?????????ò·???ē·?????
Occupational Health & Safety
Health and Safety Management Structure
Manag- Five Major Skills
ement Categories The Company has established systems and control procedures, including the ??????÷??????ń????×??????????? and ??÷?????????
???? ??????}??????????ē?·ê???ê????ò?×ē????êē??ò?????ē???ò?????òē?ē??·ē????ò??????ò?×?×ê×ē×???h????????×??·ē???
??ē?ē???????êê?··???ē×?ò?ê???êē??ò?????ē?ɑM,a??ē??ē??????×ê?ē????ò???ê??ò?????ò???ò?????òēē???????????ò?×-
?ê????×ē?????ē?????×??ê???òē?ē×?ò??·??????ē??òē????ē×·?ê??ê?ē??'?ò???êM??·??×?ē??????×ē???ò??×ò????·×?·???êē?
?ò?????ē???ē×?????·???????ê??×ò??ò??ò???·×ò?????ē???ê×·×???????ò×?×ò?ē??×ò×ò?????×?ò??×??òē×??×ò??????????ò?·?ò-
ē??êê×ò??×?????·??????ē??òē??????×?ò?ē?????ē?ē×??????ē????·???ē??ò??????êê·???ê×?ò·??×ē?????ē??ē?ò??????ò?
???ē?·ē???ê?????????êē??ò???êê???×ò??/ò???×ē×?ò?ē??,aē???×??????ò?×?ê????????ê??×ò??ò?×??ê???òē×ò???????ò·?
response plans for production incidents, fostering a strong safety culture, and ensuring that employees work and grow in a safe
?ò?×??ò??òē?
Techn-
Function
ology
Marketing
Board Strategy Formulation
of
Directors
Training and Development General
Manager
???×??×ē×???ē?ê?òē?ê?òò×ò????????×ò????ê?òò×ò????ò??????ē??ê×?????·???????ò?×?????êē×??×??ò?×?ò?êē?ê?òē????ê??-
and Jointly Responsible for Execution
Management
??òē???ē?????×·?ē??ē???×ê?×ò???ò???ò??ò·?????ē?ē?ò?×ò?ê???????ò??·?òē×ò?????????·????ê?·????ò??????? Team
×??ê???òē??ē??????????·?ē??????òò?ê·?êē×??ē×?ò?/òē??×òē????·ē×?ò?????????··?ê???ē?ò?????ê??????×òē????ē×?ò
through standardized onboarding guidance and a mentorship system; in the growth phase, we conduct specialized training and
?ò??ò·?ē???ê???????·????×ê×ē×???×òē????ē??×ē?????????×??????ê???????×??ò??ē??ē??×·??ò?????òē?????×?ò·?
ē?????????·?ē×??????????????????ò??×ò??????????????×òē???ē??×ê×ē??????????????ē?ē?????????????×òē??òē??ò?
·???????ò·ē×?ò?ê?????ē?ē×?ò?ē??·?×????×????×???ē?ê?òē????ê????òē?/òē?????????ē???ē×·??????ē?ê?ē????????????
??ē??ê×?????ē??????×??ò?×?ò?ê???ê×?·?ē×?ò???ē??ē??ē×òē????ē????????ò?????×ē×?ò??????ò?×?×ê×ē×????·???ē×ò????ê·????? Assume direct responsibility for OHS affairs, including
??ē???????ē???ò?????òē?ò?ē?·?ò×·?ê???????×?ò?ê??h?ê?òē????????òē??ò??ò×òē??ò?êē??×ò??ē???????ê??ê????????ē? formulation and enforcement of safety protocols, organi-
?ò???×??????ò×??ē×?ò?ê?×ē?ê×ē??h?×??ê?ò×?·???×????ēē??????ē??·????×ò?ē???ê×?ò??òē????ē??ē??×·??×??ò·??×ò?ē×ē?ē×?ò?ê '?ò???êE?ò????M??·?
zation of safety training programs, and implementation
?????????????????·?×ò???ē??òē???ò???×ò?ē??ēē??ē?ê?òē?×??ê×ò???????ē?ē??????ò??????×ò???????ē??ò?·?òē×ò????ê? of hazard inspections and risk mitigation measures
???ê?ē???·?×?????òē???ē??ē??×·???ê??
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
SINOFUSE ELECTRIC OCCUPATIONAL HEALTH AND SAFETY
MANAGEMENT SYSTEM CERTIFICATION ?ò??·ē?·???????ò?×???????ê?·?
inspection to systematically identify Field Inspection
latent occupational risk factors.
Field Inspection
and
Monitoring
Contract a specialized testing institu-
Field Monitoring
tions to conduct periodic assessments
of occupational health hazard factors.
RMB million
ò?×??ò??òē?ê?ò?????ē?
×ò???ē??òē×ò???? Conduct categorization and exposure
ê???ê???ê??ē×?ò???··???ē×?ò?ê???êē? ,?????ê???×?·?ē×?ò?ò????????
hazard factors. ????ê???????òē
Risk Assessment
?ē???×ò??×??ê???ê????··???ē×?ò?ê
health hazard factors in accordance Risk Rating Assessment
with applicable national regulatory
standards.
Safety and Health Risk Management ???????ò?×??ê??ò?ê?????ò×ē??×ò?
Data Analysis
data and assessment results
h??????ò???×??×ē×???ē??×??òē×?·?ē×?ò?ò??????ò?ò·????··???ē×?ò?ê????????ò??··???ē×?ò?ê?×????·ē??????×òē?×ò×ò?? Result
?????ē?×????·??ò×ē×?òē?????????????ê???????êē??ò?????ē???????×??ê???òē??????ê?????òē×?ò??·??ò×??ē? Analysis
??ò????×???????·ē×??ê???·??????????ē??????òò?ê???????×????????ē??òē?·?ò??·ē?×??????????òē???????ò???·×?· and
???????·??????h??,aē???ē??ò·?ò??ê×??ē???ò???×??×ē×????×?ò×?·?òē????ē??×????ò?????ê???ē????ē??·?òē??ê???????? Reporting
ē??ò????????·ē×???×????ò?????òē? Y???????·???????ò?×???×????????-
ment report on occupational disease Report Preparation
hazards
M··???ē×?ò?ê,??êē??a???ē?×??/??òē×?·?ē×?ò
???ê??ê????×??ē??·?òē??ê????·ē×??-
Process Content Methodology ???ê????×??
ness for occupational health hazard
factors
Establish Occupational Health Manage- Continuous
ment Organization with Part-Time Establish a Management Team /????????òē
Managers Continuously monitor changes in occu-
pational health hazard factors and Dynamic Management
adjust management measures accord-
???ê???×??/??òē×?·?ē×?òYê?ò?×ē? ingly
Preliminary Plan Formulation
ê???M???·ē×????a·????ò?h×??ê×ò?
Preparation
/òē?????ē????ē???ē??????ò?·?ò??·ē???ē?????????????×??òē×?·?ē×?ò?ò?????????òē?ēē???????·ē×?ò?×ē?ē??ò?????
Conduct Occupational Health Training ??????ò×ē??×ò???ē??·?????êê??????ē?????????????ê???êē????×??ê???òē??ê??×ò???·ē×?ò?????×???ò??ò?????ò?????×ē
For Managers and Employees Training and Promotion ??·ē×?·?ē×?ò?????????????ē??/ò?ê×?ò??òē?×ē??????·ē????·×?·????×????òē??ē??????ò???????ò??×ē??????????????·?
??ò?????òē???ē???????ò×ò??ē?ò????×?????ò?????òē???·???????ò??????ē×?ò?ê???ē?·?ê????ē??ê×??×ò???ò??×·????ē?
??ò?????òē??·?×???????????????????·????ò?×??ê???òē×ò???ò×ē??×ò????ē?·?ê??×ē????×?ò?ē???··??òē??ê??????òò?ê?
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
a×ò?????ê?·ē?×·M··???ē×?ò?ê,??êē?×??/??òē×?·?ē×?ò???êē? 2024 Sinofuse Electric Safety Training Program (Partial)
Risk Type a??·×?·×??? Sources / Examples Training Topic Training Participants Frequency Training Time Coverage
Safety Management ?ê???òē
From Production Equipment, Safety
Noise Personnel and Safety
Machining, etc. Management Annual March
Key Responsible Management
Training
Persons Personnel
Industrial Machinery
Vibration
Operation Emergency E??·??;?ò??
?ê???òēY????òò?ê Quarterly All Departments
Drills a??ē???????·?????
Physical Risks
High temperature Curing Chamber
h?????????êa???ē?
Education (for New New Employees Per batch Ongoing Newly Hired Employees
Employees)
Some Warehouses or Remote
Inadequate lighting
Work Areas
Occupational
Health Y????·ē×?ò??ò?ē??·ē×?ò
Frontline Employees Annual April
Knowledge Positions
Chemical Risks M???ò×·??ê??òē? Ethanol, ink, etc. Training
Specialized
Safety ?ê???òēY????òò?ê Annual June Key Positions
Training
Safety Warning
Occupational Health & Safety Strategy Education
All Employees Continuous promotion Monthly Rotation All Employees
Safety Culture Development
To strengthen and standardize workplace safety education while boosting employees' safety skills and awareness, the Compa-
ny has established formal policies, including the ??÷???(??????????????????????????????. Occupational Disease Prevention
/ò?????ē??????ò???êê????ē?ò?òò??êē??×ò×ò????????·????×ò?????ē???ò?????òē???????ò·???×êê???··???ē×?ò?ê
h?????·ē×??ê??????òē?ò?·?òē??ê?··???ē×?ò?ê???êē??×???×òē???????ê?·??ò??ò???????ê????????ē??????????ē??ê×????
???êē???????????ē×ò????·????????ò???????×??·?òē??ê??h?×????????×ò??ê????êê???ê?????????òēê×ò?????????ò???×????
?·???????ò?×???··???ē×?ò?ê???êē???ò?????òē???ē???
?ò???ê???òē??ò?????òē?ē????ê×???h??×ò×ò?????×?ò???????ê?????ē??ê???×ē???ē????·?????×ò?\??ò?\?ē???×òē?×ò
·?ò?×?ē?ò·??ò???ê???ò·??h???????ò??×ò?,a???·?ē×?ò?ē??????ò?·?òē×ò??êê???×???????ē??????ò????ò?×???????
?×???????òē×?ò???×ò???·×ò???ē??ò????ò??ē×?ò???????·ē×??????ē???ò?????òē?
???? KEY
PERFORMANCE
is excellent
Safe The Company has also completed Organized specialized training during
Safety Emergency Occupational Major
operating occupational hazard assessments in the Occupational Health Awareness Week,
Management Drills Health risk Control workplace, ensuring full compliance with ?×ē???ê???òē???ê????·?????????ē?
Procedures safety standards. Occupational health
????×ò?ē×?ò·?????????ē?
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Occupational
Health Protection
Training
Project Method Time Department
Water and Power Outage Tabletop July 12, 2024 '?ò???êE?ò????M??·?
Fire ?×???×êê July 30, 2024 '?ò???êE?ò????M??·?
Vehicle Failure or Engineering &
Tabletop July 15, 2024
Logistics Abnormalities Manufacturing
Material Shortage or Supply
Tabletop July 17, 2024 Procurement Department
Interruption due to Quality Issues
Virus Infection ?×???×êê July 18, 2024 IT Department
/ò?×ē×ò???·ē???ē?
the Company for
health consultations
System failure ?×???×êê July 18, 2024 IT Department
Cyberattack ?×???×êê July 18, 2024 IT Department
Cybersecurity
Data Loss ?×???×êê July 18, 2024 IT Department
a?????a?·??×ē??
?×???×êê July 18, 2024 IT Department
Maintenance
Penetration Testing & July 18, 2024
?×???×êê IT Department
Vulnerability Scanning
Natural Disasters ?×???×êê July 18, 2024 IT Department
Emergency Management Mass Returns due to Quality Issues Tabletop July 15, 2024 Quality Department
h??????ò????????ē?ē??????ē???ò?????òē??×ò·×?ê????a???ē?%×??ē?Y????òē×?ò?M?×?òē????·?òē?????ò??ò??ò·×ò?????ē?
?????ò????ò??ē??ò?ē??ò×ò?×ò·×??òē?????òē×?ò??h???????ò×???·????ò?????ò???????ò?×?×ê×ē×????ò????×??????ò????·??ò×???? Human Resources
×ē?????ē??ê×??????????ē??????ò·????·?????ē??????ò?×??ò??òē?ê?ò?????ē?×ò·×??òē?ē????ē???ē×·?êê?×???????????òò?ê Labor Shortage Tabletop July 15, 2024 Department
·????×ê×ē×??×ò?ò?×??ò??òē?ê?×???????òē×?ò???????ò·??????ò????ò?×ò·×??òē?×ē×??ē×?ò?
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
General Manager
Y??ê×·??òē?ɑ?×???×·?? Tabletop July 12, 2024
M??·?
Infrastructure Damage, Such as
Failures In Power Distribution Equip- Engineering &
Tabletop July 16, 2024
ment (Transformers), Air Compressors, E?ò???·ē??×ò?×?×?×?ò
etc.
Snowstorms,
Tabletop ? ?
Torrential Rains
Natural General Manager
Earthquake Tabletop July 12, 2024
disasters M??·?
High Temperature Tabletop ? ?
Engineering &
?×ē×·?ê??×???òē?aē?ē×?ò%?×ê??? Tabletop July 19, 2024
E?ò???·ē??×ò?×?×?×?ò
Engineering &
Automation Equipment Failure Tabletop July 19, 2024
E?ò???·ē??×ò?×?×?×?ò
SUMMARY OF SINOFUSE ELECTRIC FIRE EMERGENCY DRILL
h??ē??ò?ē??òē????????ò·??????ò????×êê????êê???ê???????×??òa×ò?????ê?·ē?×·????ē????ê???????????ò·?
drill on the afternoon of July 31, 2024. The drill was jointly organized by the Company and the industrial park's proper-
ē???ò?????òē???·???×ē?·ê?????ê?????×?ò???ò????ê???????×?ē????/ē×ò??ê?????êē×?ê???????ò·??????ò??
???????×ò·ê??×ò????·?????·??×ē????·??ē×?ò????×·?ê?×??ê??×?ē×·???????ē??ò?·????ò×·?ē×?ò??Y??ē×·×??òē?×ò·ê??-
ed all Company employees, industrial park staff, and supplier personnel.
??????ē????×êê?ē??????ò?????ê???????ē?×ê??%×??(????????$???? Plan to ensure safety and practicality.
??ê?????????????ê??ê???×?????ò???·??ē×?ò???ē???ò?????ē????·??ē×?ò?ē?????????ē×ò???ò??????ò?
???ē???×?ē??×??ò???ēē??????ē×?????????ē???ò?????òē?ē????ò?ē??????ò???,a???·×?ê×?ē?·????×ò?ē??
detailed on-site arrangements to ensure each phase of the drill ran smoothly.
??×ò?ē??????·×??????ê????????·??ē????×·?ê??ò??????ê??ê?ò????×?ò?ē?????ē??ē?ē?????×?ò????????ê?
??×òē?×ò?????ò??ē?ē???×??ê?ē??????????ē??òē???????ò×ē????ē?????·??ē×?ò×ò???êē×?????×ê?????ò?
ê???????×?·?ò??·ē???ò??×ē????ê??ē×?ò??ò?????×?????×??ò·????×????????òē?h????????ē???ò?????ê??????×?-
????ò????òē??×ò×ò??ò???ē?????????ē×ò??×??????ò????×·??????ē×ò?ē?·?ò×?????h?×???×êê??ê??????ê?????
ê???òē???????????·??ē×?ò???·???????ò?×??????ē??×???ê?????·???ò?ē?????????×êê??
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Report Appendices Number of male employees
Number of female employees
Persons
Persons
Number of employees under 30 years old Persons 310
Quantitative Performance Metrics Table Number of employees aged 30-50 Persons 1,037
G??????????ê?????????????????ê? Persons 32
Number of employees with associate degree or below Persons 890
Environmental Performance
Number of Employees with Bachelor's Degrees Persons 416
Indicator Unit 2024 Number of employees with master's degree Persons 72
ò?×??ò??òē?ê?%?×?ò?ê??ò?a???Y????·ē×?ò/ò???ē??òē 10,000 yuan 503.00 Number of Employees with Doctoral Degrees Persons 1
h?ē?ê·???????ò?×???ò????·?ò????ē×?ò Ton Standard Coal 1,341.85 Labor contract signing rate % 100
Direct energy consumption Ton Standard Coal 97.53 Social insurance and housing fund % 100
Indirect energy consumption Ton Standard Coal 1,244.32 h?ē?êò??????????ê??????ò??ē??ò×ē????ē??ò×ē?ê???? Persons 26
Natural gas Cubic Meter 81,086.00
h??×ò×ò?·?????????????ê????? % 100
Electricity MWh 10,124.67
Total employee training sessions Number of Sessions 162
Solar energy MWh 189.76
h?ē?ê??????????ê????ē??×ò×ò???ê×????? Hours 24,806
Total greenhouse gas emissions Tonnes CO2??×??ê?òēɑēM??? 4,404.29
?????????????ē??×ò×ò???·?×?????????ê???? Hours 18
Scope 1 direct greenhouse gas emissions Tonnes CO2??×??ê?òēɑēM??? 195.18
???×ò????×ò????ò·?·?????????ē? % 100
Scope 2 energy indirect greenhouse gas emissions Tonnes CO2??×??ê?òēɑēM??? 4,209.13
Y?????ē×?ò???òē×ē×??·??ē×????×ē?/aM????? % 100
Total Water Withdrawal Tons 46,046.00
Number of major safety incidents Cases 0
Total water consumption Tons 46,046.00
?????????????????ē????·?ē×?ò?ò?ē??×ò×ò???????ê???? Hours 8
Total domestic wastewater discharge Cubic Meter 36,836.80
a???ē?ē??×ò×ò?·?????????ē? % 100
Total waste generated Tons 55.23
Occupational disease incidence rate % 0
Total generation of non-hazardous waste Tons 49.30
??ê????????×·?ê????×ò?ē×?ò·?????????ē? % 100
Total generation of hazardous waste Tons 5.93
Number of work-related fatalities Persons 0
% 0
Social Performance
Product recall rate
Complaint handling rate % 100
Indicator Unit 2024 Number of R&D personnel Persons 296
Total number of employees Persons 1379 Ratio of R&D personnel to total employees % 22
Xi'an Sinofuse Electric Co., Ltd. Sustainability Report 2024
Report Index Table
h??ò?????????ê×???ē?òē???ē?×ò?????×ò?ē???????ē×ò????×?? Items 38
G???????×ò??òē×?ò??ē?òē????ê×??ē?·??????×ò??? Items 20
G???????×ò??òē×?ò??ē?òē???ê×·?ē×?ò??ê?????×ò?
the reporting period Items 37
G???????×ò??òē×?ò??ē?òē????òē??
Items 20
during the reporting period Dimension Issues Corresponding Chapter
Total number of suppliers Suppliers 117
h?ē?êò???????????ê×????×ē?×òē??????×ò·? Suppliers 40
Y??·?????òē??????ē×?ò????×ò?????×ò·?????ê×??? % 34
Proportion of suppliers signing integrity clauses % 100 3. Waste Disposal ò?×??ò??òē?êE?ò?????òēa??ē??
G???????ē??×ò×ò?????×?ò????×?????×ò?
internal supply chain capabilities Number of sessions 8 ·?ê??×·?ê?ò?????ē×?ò?
??·????ē???ò?×??×????×ē??ò?????ē×?ò
×??×????×ē?Y??ē?·ē×?ò
Number of suppliers undergoing responsible
mineral supply chain due diligence Suppliers 6 ò?×??ò??òē???ê?ē??
??ò?×??ò??òē?ê???ê×?ò·?E?ò?????òē ò?×??ò??òē?êE?ò?????òēa??ē??
~?ê?òē???????×·?????? Hours 16
Resource Utilization and
Resource Utilization and
Governance Performance 7. Water Resource Utilization ?ò?????ē×?ò
Resource Utilization and
Indicator Unit 2024
Social Welfare and Rural
ǎ????ê??×ē?ê×??ē×?ò ??×ē?ê×??ē×?ò
Number of board members Persons 9
Social Welfare and Rural
??? ?òē?×??ē×?òē?????ò×ē? ??×ē?ê×??ē×?ò
Number of independent directors Persons 3
???/òò???ē×?ò???×??ò h?·?ò?ê??×·?ê/òò???ē×?ò
Proportion of independent directors % 33.3
Ethics in Science and Technology and
???a·×?òē×?·?ò?h?·?ò?ê??×·?êē?×·? Algorithm Application Strategy
Proportion of independent directors in the Audit Committee % 66.7
Proportion of independent directors on the 13. Supply Chain Security Responsible Supply Chain
% 66.7
Nominating Committee Society-related
Proportion of independent directors on the
Remuneration and Appraisal Committee % 66.7 14. Equal treatment of SMEs Equal treatment of SMEs
Proportion of female directors % 22.2 \??ê×ē???òē?×·a???×·??
???Y????·ē?ò?a???×·?a???ē??ò?\??ê×ē? Product Design
Number of Board of Directors meetings Number of Sessions 5
????ē?a?·??×ē??ò???ē????Y?×??·?Y??ē?·ē×?ò ?ē?a?·??×ē??Y?×??·?Y??ē?·ē×?ò
G???????????????????ê????×???? Number of Sessions 21
Director attendance rate % 100
Due Diligence & Stakeholder
G???????a?????×???????????ē×ò?? Number of Sessions 4
Due Diligence & Stakeholder
'????ò?ò·???? Engagement
G???????a?????×???????????????ê????×???? Number of Sessions 16
sustainable
????ê????òē 20. Anti-Commercial Bribery and Anti-Corruption Business Ethics & Anti-Corruption
a?????×????ēē?ò??ò·???ē? % 100
G???????×ò???ē??????ē×?ò??ò?????? 21. Anti-Unfair Competition Business Ethics & Anti-Corruption
on exchange platforms Number of Sessions 83
Number of public announcements issued Pieces 82 ?????????????(??????????÷??????????;?????????÷??U????? ??ń???????ɡ??????????×???????ń?????????
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