Address：No.6 Anmin Road, Panyang Industrial Park, Huangdai Town, Xiangcheng Borough, Suzhou City.
Environmental, Social and Governance Report
Tel：400-828-7377
Website：www.jinhonggroup.com
CONTENTS
Innovation-Driven 27 Standardized Governance 49
Product and Service Safety and Quality 34 Business Ethics 59
Responsibilities, and Jointly Embark on a New
Journey of Green Development
Climate Change Response 65 Employment, Development and Rights of
Employees
Occupational Health and Safety 89
Social Contribution 97
Waste Disposal 73
Rural Revitalization 98
Energy Utilization 74
Water Resource Utilization 76
Circular Economy 77
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
About this Report
About this Report
This is the third Environmental, Social and Governance Report released to the public by Jinhong Gas Co., Ltd. (hereinafter
referred to as “Jinhong Gas”, “the Group” or “we”), which comprehensively details the Group’s Environmental, Social and
Governance practices and performance in 2025 based on the principles of objectivity, standardization, transparency and
comprehensiveness.
Reporting Period Con?rmation and Approval
This is a report covering the period from January 1, 2025 to December 31, 2025 (the "Reporting Period"). For the purpose of The Board of Directors of the Group approved this report on March 27, 2026 in conjunction with the Annual Report. The Board
making the report more comparable and forward-looking, some of the content appropriately refers back to previous years is committed to overseeing the content of the report and ensuring its freedom from misrepresentation or misleading
or has forward-looking descriptions. This report is issued on an annual basis, consistent with the ?nancial year. statements. It is also responsible for ensuring the truth, accuracy, and completeness of the content.
This report is published in Chinese. The English version shall be translated from the Chinese version and in case of any
discrepancy between the two versions, please refer to the Chinese one.
Reporting Scope and Boundaries
This report covers Jinhong Gas and subsidiaries/branches under its control. Unless speci?ed otherwise, the scope is consis- Access to the Report
tent with that of the Group's Annual Report.
This report can be viewed and downloaded from the of?cial website of the Jinhong Gas (www.jinhonggroup.com) and
Shanghai Stock Exchange (www.sse.com.cn).
Compilation Basis
This report is prepared with reference to the following documents and standards:Self-Regulatory Guidelines for Listed
Companies No. 14 – Sustainability Report (for Trial Implementation) and Self-Regulatory Guidelines for STAR Market Listed
Companies No. 13 – Preparation of Sustainability Reports issued by the Shanghai Stock Exchange (SSE); Guidelines for CSR
Reports of Chinese Enterprises (CASS-ESG 6.0); GRI Sustainability Reporting Standards (GRI Standards) issued by the Global
Sustainability Standards Board (GSSB); UN Sustainable Development Goals (SDGs); and Sustainability Accounting Standards
Board (SASB) Standards.
Data Interpretation
The sources of data used in the report include the original data of the Group’s actual operation, public data from government
departments, annual ?nancial data, relevant internal statistical statements, third-party questionnaires and interviews. The
?nancial data in the report is denominated in CNY, and in case if any inconsistency with the ?nancial report, the ?nancial
report shall prevail.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Message from the Chairman
Message from the Chairman
Focusing on sustainable development is the eternal pursuit of the Jinhong Gas Hand in hand, Jinhong Gas embarks on the road to sustainable development
The Group ?rmly practices the concept that "clear waters and green mountains are The Group collaborates with partners, industry associations, government depart-
invaluable assets", actively responds to the goals of "peaking carbon emissions and ments, and other stakeholders to promote the sustainable development of the
subsequent carbon neutrality", abides by international standards, effectively ful?ls industry. Additionally, the Group participates in environmental protection initiatives,
its social responsibility, and lays the cornerstone of green development. In the promotes green living, and supports the development of green industry chains.
market competition, the Group takes sustainable development as a guideline,
Attaching importance to talent is the key to core competitiveness of the Jinhong
continuously improves the quality of products and services, optimizes the business
Gas
structure, contributes to achieving sustainable development goals, and
The Group is dedicated to increasing investment, establishing a comprehensive
collaboratively builds a better future.
training system, and providing employees with ample development opportunities. It
Looking back at the past, the Group has taken solid steps on the path of intelligent
aims to foster an inclusive and innovative culture and encourage active participa-
transformation, actively responding to the innovation-driven development strategy,
tion in sustainable development practices. The commitment is to cultivate an
transforming industries with digital technologies, and continuously improved the
outstanding team with a strong sense of sustainable development to create a
intelligent level. At the same time, it proactively delves into sustainable practices
brighter future.
and explored application of renewable energy and has laid a solid foundation for
Taking responsibility is an important guarantee for the Jinhong Gas to win the
realizing eco-friendly production and low-carbon development.
trust of the society
Maintaining ecology is the solemn commitment of the Jinhong Gas to the future
The Group maintains a strong sense of social responsibility and ful?ls its obligations
The Group adheres to the concept of green development and integrates
as a corporate citizen. It also supports social welfare initiatives and actively partici-
environmental protection into every aspect of development. It has strengthened
pates in poverty alleviation, education support, and other activities to contribute to
environmental management and rigorously controlled environmental pollution in
the development of society.
the production process to ensure that waste gas, wastewater, waste residue and
other pollutants discharged up to standard, while using environmentally-friendly
processes to minimize product impact on the environment.
In the forthcoming voyage, embracing the concept of sustainable development, the
Striving for excellence is the power source of the Jinhong Gas's continuous
Group will relentlessly advance intelligent transformation and the research,
breakthrough
development and application of clean technologies. We will intensify our commit-
The Group focuses on innovation-driven development, improves the quality control ment to legal compliance, fortify our endeavors in eco-conscious construction,
mechanism, constantly launches new products and services with market elevate the quality of our products and services, propel the trajectory towards
competitiveness to meet the diversi?ed needs of clients. As a leading high-quality development. Hand in hand with our partners and stakeholders from all
environmentally-friendly, intensive and comprehensive gas service provider in walks of life, we will collectively foster sustainable evolution of the industry, lending
Chairman of Jinhong Gas China, it will continue to increase investment, actively explore new technologies and greater impetus to the realization of the vision of a Beautiful China. With unwaver-
JIN XIANGHUA ?elds, and endeavor to become a leader in the green and low-carbon sector. ing determination, we will strive for a brighter tomorrow!
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Economic Performance ESG Performance
Revenue Net Income Attributable to Shareholders of Listed Company
ESG Rating in 2025: A Top 50 Listed Companies ESG Value
Ranking
CNY million CNY million
——Best ESG Innovation Award
Total Assets Total Tax Payment (Excluding personal income tax)
List of Outstanding ESG
Disclosures Company
CNY million CNY million
Environmental Performance Industrial Performance
Investment in Environmental Protection Comprehensive Energy Consumption R&D Investment Safety Input
CNY 3.94 million 77，667.29 tce CNY 103.14 million CNY 30.70 million
Total Water Consumption Total Greenhouse Gas Emissions Patent Granted Internal Quality Audit Coverage of Safety Training
Governance Performance Social Well-being
Coverage of Five Social
Holding of Shareholders' Investor Communication Conduct compliance Completed Internal Insurances and One Coverage of New
Meetings training Audit Projects Housing Fund Employee Training Employee Welfare Expenses Training Investment
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
About Jinhong Gas
About Jinhong Gas
Group Overview Business Overview
Founded in 1999, Jinhong Gas Co., Ltd. is an environmentally-friendly, resource-ef?cient and comprehen- Over more than 20 years of exploration and development, the Group has established a comprehensive
sive gas service provider, specializing in integrated solutions encompassing gas R&D, production, sales product portfolio, a well-structured distribution network and reliable delivery capabilities, forming a
and services. The Group’s headquarters is located in Panyang Industrial Park, Huangdai Town, Xiangc- robust gas supply and service system, becoming capable to provide clients with over 100 gas products
heng District, Suzhou. It was listed on the STAR Market in June 2020 (Stock Code: 688106). Over decades including specialty gases and bulk gases, as well as customized gas supply solutions.The Group supplies
of development, the Group has established over 90 subsidiaries, committed to building China’s leading not only specialty gases such as ultra-high-purity NH3, high-purity NO2, TEOS, high-purity CO2 and
national brand in the industry and delivering “Supreme Excellence” to clients through its motto:”Jinhong high-purity H2, but also electronic bulk carrier gases for the semiconductor industry and bulk gases used
Gas, Exquisite Purity”. in other industrial ?elds.
Corporate Culture Demonstrate N
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Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
About Jinhong Gas
Milestones
The First Five-Year Plan The Third Five-Year Plan The Fifth Five-Year Plan
Based in Suzhou, integrated resources and expanded the Advanced high-end specialty gases, and upgraded corporate Standardized Group Management & High-Quality Corporate
market. governance. Development
The Group was established in 1999 on the foundation of the In 2010, 7N electronic-grade ultra-high-purity NH3 of?cially The company was listed on the STAR Market in 2020 and issued
former Suzhou Liquid Oxygen Manufacturing Plant. During this entered production and operation. In 2012, the Group invested convertible bonds in 2023, broadening its ?nancing channels. It
has thoroughly implemented its vertical and horizontal
phase, the Group’s main products were bulk gases such as O2, N2, in the construction of a natural gas-to-hydrogen project. In
development strategy. Leveraging the "Acquisition + New
Ar, C2H2. The Group set up a small air separation production unit 2013, the Group's testing center was accredited as a
Construction" dual-wheel drive, the company has horizontally
in Suzhou and acquired part of the gas manufacturing assets of CNASrecognized laboratory, signi?cantly improving the quality expanded its industrial landscape, achieving key breakthroughs
Air Liquide in Suzhou, continuously expanding the market and control capabilities. During this phase, the Group's product in electronic bulk carrier gases and medium-to-large on-site gas
gradually establishing a sales and service network. variety continued to increase, with signi?cant enhancements in production. It has successfully established a comprehensive gas
product quality, testing technology, R&D capabilities, With the supply and service system covering all business models.
The company has been conferred with numerous national
Group's listing on the National Equities Exchange and
honors, including National Specialized, Re?nement, Differential
Quotations' in 2014, both brand awareness and corporate
and Innovation "Little Giant" Enterprise, National Intellectual
image were enhanced. Property Demonstration Enterprise, National Intelligent
Manufacturing Demonstration Factory, and National Green
Factory.
The Second Five-Year Plan The Fourth Five-Year Plan
Expanded the gas category and enhanced the brand in?uence. Expanded vertically and horizontally, forging the premier
national brand in the gas industry.
In 2005, the Group built the ?rst dry ice manufacturing line,
expanding the application of CO2. In 2009, the Group invested in The Group proposed the “Vertical & Horizontal Development”
the construction of a 100,000 ton annual carbon capture strategy. Vertically, the Group developed and produced multiple
construction project. In 2009, the Group reformed shareholding, types of high-barrier specialty gas products through
enhancing the overall governance structure. During this phase, independent research and production, achieved multiple
the product line of the Group was greatly enriched, initiating a rounds of expansion for ultra-high-purity NH3, and initiated new
business model of developing circular economy and tail gas projects for high-purity N2O and H2, accelerating the
recovery as well as utilization. industrialization of electronic specialty gases. Horizontally, the
Group advanced horizontal expansion and cross-regional
development, consolidating the foothold in the Yangtze River
Delta market while strategically expanding nationwide, and
actively developed retail networks in key regions such as the
Pearl River Delta, Beijing-Tianjin area, and Sichuan-Chongqing
region.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
About Jinhong Gas
Awards and Honors
National Awards Provincial Awards
Jiangsu Province Industrial Internet
National Enterprise Technology National High-Tech Enterprise Jiangsu High Purity Specialty Gases
Demonstration Project Five-Star Cloud
Center Engineering Centre
Enterprise
National Postdoctoral Programme National-Level Smart Manufacturing Jiangsu Engineering Technology "Quality Benchmark" of Jiangsu
Excellence Scene Research Centre for Specialty Gases Province
and Adsorbents Preparation
National Green Factory National Service-Oriented Manufacturing Nomination Award of Jiangsu Excellent Enterprise with Outstanding
Demonstration Platform Governor's Quality Award Contributions "Made in Jiangsu"
Jiangsu Provincial Civilized
UnitInternationally Renowned Brands Top 100 Innovative Enterprises
National Excellence-Level Smart MIIT Pilot Enterprise for Intellectual
that Jiangsu Province focuses on in Jiangsu Province
Factory Property Application and Utilization
Cultivating and Development
The First Batch of Supply Chain
National Intellectual Property Chinese Well-known Trademark Innovation and Application Key Jiangsu Province Contract-abiding
Demonstration Enterprise Cultivation Enterprises in Jiangsu and Credit-worthy Enterprise
Province
The First Batch of Supply Chain
National Specialized, Re?nement, China Patent Excellence Award Jiangsu Province May 1st Labor Innovation and Application Key
Differential and Innovation Certi?cate Cultivation Enterprise in Jiangsu
"Little Giant" Enterprise Province
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Sustainable Development Management
Sustainable Development Management Actively Responding to the United Nations Sustainable
Development Goals
Sustainable Development Governance Amid deepening globalization and rapid technological evolution, ESG-centered sustainable development has become a
common practice among global enterprises. The Group recognizes sustainable development capability as key to its core
The Group adheres to the strategic direction of sustainable development. While pursuing economic bene?ts, it balances and competitiveness and is committed to continuously enhancing its sustainability performance.
coordinates environmental protection, social responsibility and long-term growth. Upholding the sustainable development
Aligning with the UN Sustainable Development Goals (SDGs) and its actual operations, the Group has set management
philosophy of “Safety, Reliability, Ef?ciency and Environmental Protection”, the Group keeps pace with global sustainable
objectives across four dimensions: industrial value, corporate governance, environmental protection, and social well-being.
development trends, collaborates with all stakeholders, and translates sustainable development goals into action through
These objectives both chart the course for future development and demonstrate its commitment to global sustainability.
practical measures.
The Group strictly abides by exchange guidelines and applicable laws and regulations, continuously improves the ef?ciency of
sustainability management, and enhances its ESG governance structure. It deeply integrates the concept of sustainable
Dimension SDGs Actions
development into the group’s development strategy and the entire process of daily production and operation.
The Group remains customer-centric, providing
high-quality, reliable gas products and services
Sustainability Governance Structure Industrial Value while optimizing processes, improving resource
ef?ciency, and balancing operational bene?ts with
environmental protection.
It is the supreme decision-making and leading body
for ESG management, responsible for coordinating,
supervising and deliberating major issues in the ESG
Board of
?eld. The Group is committed to an ef?cient, sound corporate
Directors
Decision-making governance system built on integrity and legal
Level It is accountable to the board of directors and compliance, continuously enhancing its governance
Strategy and ESG responsible for the research, guidance and Corporate Governance structure. It places great emphasis on shareholders'
Committee decision-making advice on ESG-related matters.
rights, protecting investors through accurate and timely
information disclosure while maintaining active
Form an ESG management team to coordinate and communication with all stakeholders.
Heads of Functional promote the implementation of ESG practices and
Management Departments conduct supervision and inspection.
Level
The Group strengthens environmental compliance
management, continuously improves energy and
Implement the ESG work plan and conduct the
Implementation Functional Departments collection and submission of relevant information. Environmental Protection water ef?ciency, actively promotes clean energy
Level applications, and develops carbon capture projects
to minimize its environmental impact.
The Group emphasizes employee rights, fostering a
safe, inclusive workplace with improved compensation
and fair career opportunities to safeguard employees'
Social Well-being
interests. It also ful?lls social responsibilities through
public welfare initiatives and contributions to social
development.。
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Sustainable Development Management
Stakeholder Communication
The Group values stakeholder communication and management as a key to optimizing sustainable development, building a
responsible brand and consolidating its ESG foundation.
It de?nes core stakeholders including government and regulatory agencies, clients, employees, communities, suppliers,
shareholders and investors, industry associations and professional organizations, media, among others. Through surveys and
interviews, it conducts due diligence and materiality analysis to understand value chain expectations.It enhances
communication platforms and mechanisms to improve transparency, advancing ESG management and achieving win-win
results.
Stakeholders
Government and Supplier Shareholder and Industry association Client Employee Community
Community Media
Regulatory Agency Investor and Professional
Organization
•Corporate Governance
Expectations and Demands
•Product Quality Management
•Business Ethics •Risk & Compliance •Environmental Management and
•Clients Relationship •Health and Safety
•Environmental Management •Supply Chain Management Management •Science and Technology Compliance
Management •Employee Training and
•Energy Ef?ciency & Carbon •Product Quality Management •Business Ethics Innovation Achievements •Water Management •Corporate Governance
•Digital Intelligence Development
Reduction •Health & Safety •Digital Intelligence •Quality Assurance •Energy Conservation and Carbon •Community Welfare
Transformation •Employment Practices
•Water Management •Digital Intelligence Transformation •Strategic Cooperation Reduction •Disclosure of Information
•Circular Economy •Digital Intelligence
•Circular Economy Transformation •Energy Ef?ciency & Carbon •Industry Co-construction •Health & Safety
•Energy Ef?ciency & Carbon Transformation
•Health & Safety Reduction •Community Welfare
Reduction
•Product Quality Management
•Employee Representatives
Communication and Response
•Client Visits Meeting
•Supplier Training •Daily Communication •Employee Forum •Social Public Welfare Activities
•Government Communications •General Meeting of Shareholders
•Supplier Audit and Supervision •Technical and Product Exchange •Suggestion Box •Community Monitoring and
•Information Disclosure •Information Disclosure •Forum •Group Of?cial Website
•Supplier Exchange Meeting Meetings •Employee Satisfaction Survey Feedback
•Daily Communication and •Investor Hotline •Promotional Event •Group Media Matrix
•Technical Exchange and R&D •Factory Visits •Corporate Culture Activities •Environmental Risk Assessment
Reporting •Online Interactive Platform •Other Meetings •Communication Conference
Cooperation •Client Satisfaction Surveys •Proposal Management •Industry Talent Development
•Listed Group Activities •Email
•E-Mail & Tele •Client training •Regular Training Program
•E-mail & Tel •Internal Publication
•Company Media Matrix
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Sustainable Development Management
Material Topic Management Materiality Matrix
Highly Material
The Group earnestly values the feedback from stakeholders including shareholders, investors, employees, customers, suppliers
•Product & Service Safety & Quality •Innovation-Driven Development
and industry associations. In accordance with the requirements of stock exchange guidelines and ESG standards and
•Supply Chain Security •Climate Change Response & Mitigation
frameworks such as GRI, the Group conducts materiality identi?cation and assessment of ESG topics through stakeholder •Corporate Governance •Occupational Health and Safety
research, management interviews and other approaches. •Environmental Compliance
Economic, Social & Environmental Materiality
•Pollutant Emissions
•Waste Management
Materiality Analysis Process of Topics •Energy Use
•Water Use
•Employment & Employee Rights
Step 1 Understand the background of the Group’s operations and business relationships
•Due Diligence
•Stakeholder Engagement
•Equal Treatment of SMEs
•Data Security & Customer Privacy Protection
Step 2 •Anti-Commercial Bribery & Anti-Corruption
Establish a topic list
•Anti-Unfair Competition
Moderately Material
•Circular Economy
•Rural Revitalization
•Social Contribution
Financial Materiality Highly Material
Step 3 Evaluate topic materiality
Material Topics List
Double Materiality Impact Materiality
Innovation-Driven Development Product & Service Safety & Quality Waste Management
Climate Change Response & Supply Chain Security Energy Use
Step 4 Con?rm topics
Mitigation Corporate Governance Water Use
Occupational Health and Safety Environmental Compliance Employment & Employee Rights
Pollutant Emissions
Moderately Material Non-Applicable Topics
Due Diligence Anti-Unfair Competition Tech Ethics
Stakeholder Engagement Circular Economy Ecosystem & Biodiversity Conservation
Equal Treatment of SMEs Rural Revitalization
Data Security & Customer Privacy Social Contribution
Protection
Anti-Commercial Bribery & Anti-Corruption
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Topic: Five Years of Unity, Joining Forces to Ful?ll Responsibilities and March Towards a New Journey of Green Development
Innovation: Deepening R&D and Driving Value Upgrade Environment: Anchoring the "Dual Carbon" Goal to
Topic
Build a Green Benchmark
he Group regards R&D and innovation as its core development strategy, with steadily growing As a national-certi?ed “Green Factory” and eco-ef?cient integrated gas service provider, the
Five Years of Unity, Joining annual R&D investment. It has built a high-quality R&D team, expanded its talent echelon, and Group upholds the concept that "Lucid waters and lush mountains are invaluable assets",
Forces to Ful?ll upgraded both professional competence and technical capabilities. The Group strengthens integrating green development into the full lifecycle of procurement, production, storage,
intellectual property protection and comprehensive IP layout, actively participates in formulating transportation and application.
Responsibilities and March industrial and national standards, and has obtained abundant authoritative recognitions for its
Responding actively to the DC goal, the Group promotes green circular economy and has built
Towards a New Journey of core technologies. Continuous technological innovation has laid a solid foundation and injected
multiple tail gas recovery demonstration projects nationwide. It focuses on professional
strong impetus for the Group’s high-quality development and industrial ef?ciency improvement.
Green Development recycling of H₂, CO₂, N₂O and other gases, turning industrial tail gas into reusable resources
The Group focuses on customers’ core needs and provides high-quality products and gas through ef?cient resource treatment, effectively easing carbon emission pressure and
solutions with a full-life-cycle quality management system. It has improved the supply chain supporting the national DC strategy.
Since its listing ?ve years ago*, JinHong Gas has
management system and established a Group Procurement Center for centralized procurement The Group maintains a sound ISO 14001 environmental management system, with a cumulative
upheld the philosophy that "lucid waters and lush to enhance operational ef?ciency. The Group implements supplier integrity management and environmental investment of xx million yuan since listing. Through technological innovation, it
mountains are invaluable assets". Taking promotes green and sustainable procurement. Through the empowerment of quality and supply advances high-ef?ciency energy utilization, pollutant reduction and resource recycling,
technological innovation as the core driver, it has chain, the Group deepens industrial ecological collaboration, achieves value co-creation and consolidating the dual lines for ecological protection and green development.
consolidated its innovation foundation through boosts high-quality industrial upgrading.
domestic substitution of electronic special gases Green Benchmark
and low-carbon process upgrading, integrated
green development into the whole production and R&D Investment Recognitions
operation, and practiced circular economy to
The Group’s accumulated R&D investment The Group has successively won honors
protect the environment. The Company has
focused on employee value enhancement, ful?lled since listing has reached 0.44 billion including National Enterprise Technology
Center, National Specialized, Re?nement,
over the past ?ve years, with a steady
social responsibilities via public welfare and Differential and Innovation "Little Giant"
growth trend.
industrial collaboration, improved corporate Enterprise, and National Intellectual
governance and internal compliance, and achieved In 2025, its R&D expenditure amounted to Property Demonstration Enterprise.
a qualitative leap of ESG development from 103.14 million, representing a Case Jiaxing Jinhong Carbon Capture Construction Project
year-on-year increase of 2.34%.
compliance response to strategic integration.
With sound sustainable development performance,
JinHong Gas has been awarded a Wind ESG "A"
rating and a number of key honors including the IP and Standard Development
"2024 Best ESG Practice Award for Listed
Companies" and "2025 Best ESG Listed Company The Group has been granted 402 patents, including 113 domestic invention patents and 1
foreign invention patent.
on the STAR Market", presenting a remarkable
?ve-year ESG report to all stakeholders. 5 products have been certi?ed as Patent-Intensive Products.
It has chaired or participated in formulating 39 national standards, and revised a number of
national standards as the primary drafter, leading the sound and standardized development of the
industry.
*Data statistics in this special topic since the Group’s
listing are based on annual data from 2021 to 2025.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Topic: Five Years of Unity, Joining Forces to Ful?ll Responsibilities and March Towards a New Journey of Green Development
Social: Upholding Responsibility for Shared Prosperity Governance: Strengthening Compliance & Enhancing Five Years of Practice & Future
Governance Effectiveness Outlook
While focusing on the core gas business to achieve steady operation and scale growth, the The Group regards standardized governance as the foundation of sustainable development, and
Group sticks to the mission of “Rooted in society, giving back to society”, integrates social keeps improving its ESG governance system from fragmented exploration to strategic and
responsibility into corporate development, and promotes employee rights protection and social systematic management, upgrading the overall governance ef?ciency. Since its listing ?ve years ago, Jinhong Gas has
public welfare practices in a coordinated way. steadily advanced ESG practices and strengthened
In governance structure, the former “Strategy Committee” was upgraded to the “Strategy and
the concept of sustainable development.
In terms of employee care, the Group highly values employee development and rights ESG Committee”, integrating ESG framework, objectives and practices into corporate strategy to
protection, improves guarantee mechanisms for labor contracts, compensation and bene?ts, realize the synergy between ESG and business development. Taking the 5th anniversary as a new starting point,
and occupational health, builds clear career promotion channels and a systematic skills training the Company will further integrate ESG concepts
In risk control, the Group has built a full-closed-loop mechanism: risk identi?cation, assessment,
system to fully empower employee growth. It also pays attention to employees’ physical and into operation, management and all aspects of
response and review, to effectively prevent operational, compliance and ?nancial risks.
mental health, optimizes humanistic care measures, and enables employees to share the corporate development.
achievements of corporate development. In capacity building, the Group provides special ESG training and regular training on
Adhering to sustainable development, the Company
environmental protection, occupational health and compliance to build consensus on
In public welfare and donation, the Group focuses on livelihood ?elds including education will create greater value through more solid ESG
sustainable development.
support, elderly care, poverty alleviation and assistance for the disabled. It has established a practices and ful?ll its social responsibilities with
diversi?ed public welfare system of “regular donations + special assistance + voluntary In value sharing, the Group repays shareholders through cash dividends, share repurchases and steady progress. It will join hands with partners to
actions”, and delivers care through donating to charitable foundations, adopting public welfare share cancellation, creating a shared value ecosystem. build a new pattern of green, low-carbon and
projects, providing books and materials, and carrying out community services. The above measures have continuously improved the standardization of corporate governance long-term sustainable development.
With employee care and public welfare as dual drivers, the Group demonstrates the and laid a solid institutional foundation for the Group’s long-term and steady development.
responsibility of a listed company in the new era and promotes value co-creation between the
enterprise and society.
Board of Directors Shareholders' Meeting Supervisory Committee
“芯肝宝贝计划”捐赠仪式 “书香校园”捐赠活动
Total announcements disclosed 978
社区暖心“氧”护服务 无偿献血活动
Cumulative donation Cumulative employee welfare expenditure Cumulative cash dividends Cumulative value of shares repurchased and cancelled
Full and timely payment rate of labor remuneration Cumulative employee training investment Cumulative share repurchase Proposed cash dividend for 2025
Industrial
Value
Innovation-Driven
Product and Service Safety and Quality
Supply Chain Security
Data Security and Customer Privacy
Protection
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Innovation-Driven Risk Business Impact Financial Impact Time Horizon Mitigation Measures
Technological innovation is the core driving force of the Group's sustainable development. We are committed to providing
Establish a cross-disciplinary
society with innovative and high-quality products and services. We have established a sound innovation governance and
expert review team to conduct
collaboration system to promote the practical application of technological achievements, deliver excellent service experiences Hindered core technology strict assessment on project
research, delayed product Unrecovered R&D investment Short-to-medium
to customers, empower industrial upgrading, and create long-term value. Risk of initiation and mid-term progress
iteration, and loss of market and increased sunk costs; term (1–3 years),
Adopt an agile R&D model with
technological competitive advantages; additional funds required to covering the full
phased goals and acceptance
failed transformation of R&D restart R&D, exacerbating cycle of R&D
R&D failure checks
achievements, affecting projects
Governance
?nancial pressure
business expansion plans Formulate R&D backup plans to
reduce the risk of failure of a
single technical route
The Group has set up a multi-level tech innovation management system with clear duties at each level to ensure smooth
and standardized work. The Project Committee reviews long-term innovation plans and major R&D projects, and
coordinates resources across R&D, production, marketing, and ?nance. Using two key platforms—the National Enterprise Adjustments to
Technology Center and the Postdoctoral Research Station—the Group works on key tech research and turns ideas into environmental and
industrial policies may Track relevant domestic and
results, forming a closed loop of "decision-making, execution, and implementation." It has also built a full-process, international policy and regulatory
render existing R&D
Wasted early R&D
standardized system for tech innovation. Through rules like the R&D Project Change Management System,Pilot Test and directions non-compliant Long term changes in real time
Risk of policy investment and additional
and make already-invested (persistent, Strengthen communication with
Validation Management System, and Con?dentiality Management System, the Group builds innovation into its governance and funds needed for R&D
R&D achievements unable dynamically industry associations and regulatory
and review system, creating a full-chain system for "project review, process control, result application, and IP protection." regulatory direction adjustment; rising
to be commercialized; changing with authorities to anticipate policy
changes product compliance costs
The Group also has a two-way info system for internal and external talks. Inside, it holds regular R&D meetings to share tech higher industry access policies) trends.
squeeze pro?t margins
standards increase the Build ?exibility into R&D projects to
challenges, progress, and user feedback. Outside, it works with universities and research groups on allow for policy adaptation
dif?culty of product
"industry-university-research-application" ties, tracks new tech and policy trends, and makes sure innovation plans ?t its marketization
long-term green goals.
Establish a competitive salary and
welfare system and equity
Reduced stability of the Increased labor costs for Medium-to-long
incentive mechanism
R&D team and hindered recruiting and training new term (3–5 years),
Risk of loss Build a sound talent training and
knowledge transfer; talents; delayed R&D continuously
of core R&D career development channel
Strategy talents
potential leakage of core
technical secrets, affecting
progress leading to extended affecting the
Strengthen con?dentiality
project cycles and higher construction of
management of core technical
the continuity of R&D work time costs the R&D system
documents and implement
Guided by the philosophy of "anchoring development in vertical and non-compete agreements
cG
horizontal development strategy to strengthen team cohesion and
ategi uidanc
Str e
collaboration, while prioritizing new technologies and products to
accelerate progress and innovation for sustained corporate growth."
rgy
Focusing on the R&D and innovation goals "enhancing technological R&D Conduct demand research jointly
orative Syne
Mismatch between R&D
Coo
Gover ance
with downstream customers at the
capabilities, strengthening innovation management, continuously achievements and market
Unconverted R&D initial R&D stage to ensure
rdination
demand, making
developing new products, and boosting product competitiveness." The investment into revenue and Short-to-medium technological innovation aligns with
n
Risk of commercialization
Group has established complete product design and R&D processes.It dif?culty in capital recovery; term (1–3 years, the market
underperforming impossible; technical
llab
potential loss of funds focusing on the Establish an R&D-production-market
closely links its technology innovation strategy with national strategies transformation of bottlenecks in the
invested in production critical period of collaboration mechanism to connect
Co
technological transformation process
and industry needs, and sets three core directions: green and low-carbon equipment and process achievement production processes and market
achievements affecting product quality
transformation during the transformation) channels in advance.
development, independent technology breakthroughs, and application In rt stability, leading to dif?culty
sti po transformation stage Carry out small-scale trial production
tu tio
empowerment. Guided by sustainable development, the Group has built a n al S up in gaining customer
veri?cation and optimize technical
recognition
four-dimensional collaborative innovation system: "strategy guidance, solutions in a timely manner
governance support, system support, and joint collaboration".
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Impacts, Risks and Opportunities Management Indicators and Targets
To ensure the steady progress of the Group's technological innovation, reinforce its competitive moat in core technologies, and To systematically measure, manage, monitor and evaluate the effectiveness of the Group's efforts in addressing
effectively prevent and mitigate technical risks throughout the R&D lifecycle, we have integrated technical risk management sustainability-related impacts, risks and opportunities in technological innovation, we have established a tailored indicator
into the entire innovation process. This integration aligns with the Group's ?ve-phase R&D work?ow: "Project Initiation – Lab system aligned with our development strategy and industry characteristics, and set medium- and long-term development
Testing – Pilot Testing – Trial Production – Continuous Improvement." For the technical issues involved in each phase, we targets.
conduct a systematic identi?cation of potential risks. On this basis, we precisely address various technical risks to minimize
their impact on internal and external stakeholders, thereby building a solid foundation for the high-quality development of the
Indicators Category Management Objective
Group's technological innovation.
Ensure stable R&D investment and sustain the scale and quality of the R&D team to provide
Process Stage Core Actions solid resource support for technological innovation; continuously improve the ef?ciency of
Innovation Inputs independent innovation output, strengthen intellectual property layout, drive the iteration
and Outputs and upgrading of new technologies and products, and enhance core competitiveness.
Risk Identi?cation Full-cycle risk review, dedicated workshops
Risk Assessment Probability and impact analysis
Embed risk management into the innovation process to ensure the steady advancement of
technological innovation.
Risk Control
Risk Response Strategy selection, measure formulation and implementation
Deepen internal and external collaborative innovation mechanisms, expand innovation
resource channels, improve the effectiveness of innovation ecosystem construction, and
Dynamic Monitoring Monitoring and tracking, regular reporting Collaborative
facilitate the ef?cient transformation of innovation achievements.
Development
Iterative Optimization
Review and continuous improvement
Key Performance
Risk Management Process
R&D investment CNY 103.14 million, increased by 2.34 % year on year,
R&D investment as a percentage of revenue 3.71 %
Project Initiation Trial Production Continuous
Lab Trial Phase Pilot Trial Phase
Phase Phase Improvement
R&D Process
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
江苏省氢能产业创新合作对接会 2025年气博会
Standard No. Standard Name
GB/T 14601-2025 Electronic specialty gas—Ammonia
绿色氢基能源产业创新发展大会 IG CHINA 2025工业气体高质量发展大会 GB/T 14851-2025 Electronic specialty gas—Phosphine
GB/T 45847-2025 Compressed non-breathing air for use in aircraft
GB/T 13591-2025 Rules for the ?lling of acetylene cylinders
·6th Forum on Semiconductor Wet Electronic Chemicals and Electronic Gases
GB/T 46566-2025 Greenhouse gas management systems—Requirements
·Jiangsu Hydrogen Energy Industry Innovation and Cooperation Matchmaking Conference GB/T 46697-2025
Electronic grade octamethyl cyclotetrasiloxaneElectronic
grade octamethyl cyclotetrasiloxane
·2025 China International Gas Industry Expo GB/T 46699-2025 Electronic grade tetramethylsilane
GB/T 8982-2025 Oxygen supplies for medicine and aircraft breathing
·4th China International Gas Separation Industry Conference National Standards Issued in 2025
·IG CHINA 2025 Industrial Gas High-Quality Development Conference
·4th China (Jiangsu) Conference on the Integrated Development of New Energy and Hydrogen Storage Industries
·Conference on Innovation and Development of the Green Hydrogen-based Energy Industry
·2025 China Semiconductor Ecosystem Development Conference
·Review Meeting for the Pilot Project on Overseas Application of Chinese Standards
·Jiangsu Seminar on High-Quality Development of the Hydrogen Energy Industry
·Commemorative Conference for the 40th Anniversary of the National Specialty Gas Information Center & the 27th
National Specialty Gas Annual Conference
·2025 Joint Annual Conference of the Cylinder Filling Subcommittee of the National Technical Committee for Cylinder
Standardization & the Mixed Gas Subcommittee of the National Technical Committee for Gas Standardization
……
SJTU Hydrogen Agriculture Cooperation Signing Ceremony
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Intellectual Property Rights
As a national intellectual property demonstration enterprise, the Group adheres to the IP management policy of "boosting
corporate upgrading through technological innovation, and maintaining the industry's competitive edge through intellectual
property protection." We fully integrate IP management into corporate operations, strengthening technological barriers by
building a high-quality patent portfolio, mitigating risks through standardized management, and empowering industrial
upgrading via the transformation of technological achievements.
Intellectual Property Governance System
Attaching great importance to IP protection and system development, the Group has formulated policies including the
Intellectual Property Maintenance and Control Procedure, the Intellectual Property Risk Control Procedure, and the Measures
During the Reporting Period
for the Tiered Management of Intellectual Property to ensure standardized management processes. In 2025, the Group
completed the transition audit for the national standard GB/T 29490-2023 Requirements for Enterprise Intellectual Property
Compliance Management Systems.
A total of 402 patents granted, including 114 invention patents
Intellectual Property Management System National Intellectual Property Demonstration Enterprise
Certi?cate
Product and Service Safety and Quality
Digital Management Development
Quality Management
The Group continuously improves its intellectual property management system and enhances its data integration
capabilities to achieve digitalization and process automation for patent applications, maintenance, risk monitoring, and
Quality Management System
other related activities. By introducing big data and intelligent analytics tools, it can track and evaluate technological trends
and competitive dynamics, providing data support for forward-looking patent layout and risk mitigation.
The Group strictly follows its quality policy: "Standardized Management, Quality First, Customer Focus, Continuous
Improvement," and has established a comprehensive, standardized, and highly ef?cient integrated quality management
system. To further strengthen the system, the Group has benchmarked against ISO 9001 and ISO 22,000 standards, developed
Training Mechanism Development
a Group-wide Quality and Food Safety Management Manual, and de?ned the Quality Director's core responsibilities as the
Quality Manager and Food Safety Team Leader, establishing a top-down quality accountability framework to ensure quality
The Group regularly conducts intellectual property training featuring a combination of online and of?ine sessions plus case
requirements are embedded throughout the entire value chain, from R&D and procurement to production, testing, and ?nal
studies, to build a strong awareness of IP protection across the Group. In 2025, the Group launched regular IP training tailored to
product delivery.
core business needs, covering trademark protection and infringement response strategies, patent application and layout, and
practical operation of the intellectual property management system. The training featured in-depth analysis of typical industry The Group has established a comprehensive internal audit mechanism, including annual audits, regular audits, product audits,
cases and real-world examples of the Group's core technology patent portfolio, enhancing its relevance and practical impact. and special audits. Building on comprehensive regular audits of all production workshops, relevant subsidiaries/departments,
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
and the full product range, the Group conducts special audits focusing on highly regulated, high-value-added categories such The Group and 12 subsidiaries, including Changsha Mind, Meishan Jinhong, Pingdingshan Jinhong, Jiaxing Jinhong Special Gas,
as electronic-grade specialty gases and food-grade gases, as well as key processes including air separation and puri?cation and Chenggang Gas, have all obtained ISO 9001 Quality Management System Certi?cation.
and cylinder ?lling, ensuring comprehensive and precise identi?cation of quality risks. For issues identi?ed during audits, the
Quality Department follows up to verify corrective and preventive actions, clarifying responsible parties and deadlines to
ensure full closure of all non-conformities.
Indicators 2025 Target 2025 Completion
Product Delivery Quali?cation Rate ≥99.90% Achieved
Annual External Sampling Quali?cation Rate of Products (Food) 100% Achieved
Food Safety Incidents 0 Achieved
Key Performance
······
In the current year, a total of 217 internal quality audits were conducted, including management system audits
and IPQC audits.
No administrative penalties were imposed due to product quality or safety issues during
the reporting period.
In the ?eld of food safety management, the Group has obtained ISO 22000 Food Safety Management System Certi?cation.
Jiaxing Jinhong, its subsidiary, has gone further by securing FSSC 22000 Food Safety System Certi?cation, laying a solid
quali?cation foundation for serving the high-end supply chain in the food industry.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Product Lifecycle Management
Annual System Audit Successfully Passed
During the reporting period, the Group successfully passed the external surveillance audits of the ISO 9001 Quality
Management System and ISO 22000 Food Safety Management System, demonstrating that its quality management
systems remain compliant and ef?cient, and providing solid support for stable product quality and food safety
assurance.
In addition, the Group fully leverages its leadership position in the industry and actively participates in the development of the
national quality standard system. During the reporting period, it led or participated in the formulation of a number of national Incoming Implement the Acceptance Process for Raw and Auxiliary Materials and Acceptance
standards, including Guidelines for Gas analysis —Guidelines for Puri?cation of Gases for trace analysis instruments, Technical Material Speci?cations for Raw and Auxiliary Materials of Food Additives to control raw material quality at
Control the source.
code for safety of methanol preparation from carbon dioxide, and Safety Technical Speci?cations for Cryogenic Lique?ed
Gases. Through these standardization efforts, the Group helps elevate the industry's overall quality control level and further
strengthens its technical authority and market in?uence in the gas sector.
Production Implement the Production Process Control Procedure to standardize production process
Control parameters and operation standards.
Digital & Intelligent Quality Management
The Group has built an intelligent quality control platform through multi-system collaboration and function iteration, enhancing
Finished Implement the Operating Procedures for Shipment of Special Gas Finished Products and
quality management ef?ciency and data-driven capabilities.
Product
Pre-Shipment Inspection Operating Procedures for Bulk Gas Finished Products to ensure product
Multi-system collaboration unlocks data connectivity: The Group has integrated the DCS Production Control System, PDA Delivery
Control quality upon delivery.
Intelligent Filling System, and QMS Quality Traceability System to break down data silos. Relying on these systems, it realizes
automatic adjustment of production parameters, real-time supervision of the ?lling process, and one-click traceability of
quality information, achieving data collaboration among production, ?lling, and quality links. This has established a full-process
Non- Implement the Control Procedure for Non-Conforming Products to standardize the identi?cation,
intelligent control system covering the entire plant, from raw material receipt to ?nished product delivery. Conforming
isolation, and disposal of non-conforming products, and prevent such products from entering the
Product
On this basis, the Group has further connected the TMS Transportation Management System and HHT Cylinder Traceability market.
Control
System to track product transportation status and record the full life cycle information of cylinders, extending the traceability
chain to off-site logistics and container management. This has ultimately formed a full life cycle traceability network covering
"Raw Material Receipt - Production & Filling - Finished Product Delivery - Logistics & Transportation - Cylinder Product Lifecycle Management
Circulation," fully ensuring that product quality is traceable and controllable.
System iteration strengthens new product quality assurance: The Group has continuously upgraded the functions of the
QMS Quality Traceability System by adding a new product quality monitoring module, which enables real-time collection and
dynamic analysis of quality data during the trial production and mass production stages. This provides accurate data support
for process optimization and quality stability improvement of new products.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Quality Culture Development Customer Service
Quality culture is the cornerstone of the Group's high-quality development. The Group has established a regular quality
management training mechanism, under which it formulates and strictly implements an annual training plan. Through Customer Service Management System
systematic training combining theoretical learning and hands-on practice, the Group drives the continuous improvement of
quality management capabilities across the organization. The Group has established a responsive and ef?cient customer service system covering the entire gas application process,
providing customers with integrated full life cycle services covering gas planning, scheme design, installation and construction,
All employees uphold the principle of "Quality First," integrating quality standards into all aspects of production and operation,
as well as the R&D, production, ?lling, distribution, inspection, operation and maintenance, management and recovery of
and striving to uphold the highest standards of product and service quality with a spirit of excellence.
industrial gases, so as to fully meet the differentiated gas demands of customers across various industries.
Case Quality Month – QCC Thematic Training
Professional
Customized
To enhance employees' ability to analyze and resolve quality issues,
Technical Support
Design and
the Quality Department organized a QCC thematic training activity.
Manufacturing Inspection and
Centered on the theme of "Quality for All," the training focused on
Predictive
the practical application of quality management theories and tools,
Customized Maintenance
helping frontline staff translate theoretical knowledge into practical
Gas Supply
skills for quality and ef?ciency improvement, injecting strong
Scheme
impetus into the Group's continuous improvement and high-quality
Planning
development. The training covered all staff in production, quality,
Full Life Cycle Intelligent
procurement, and logistics, effectively creating a favorable
Service Logistics and
atmosphere of "Everyone values quality, everyone creates quality,
Distribution
everyone shares quality."
Case PDCA Improvement Project Review
Multi-channel
Consulting
To systematically promote total quality management and foster a Service
culture of continuous improvement among all employees, the Group
launched a special initiative on PDCA improvement projects, covering
project application, thematic training, project practice, and
achievement review. This initiative engaged employees at all levels
and produced a number of high-quality improvement achievements,
injecting new momentum into the Group's quality and ef?ciency
enhancement. The concept of quality management has been
transformed from "post-inspection" to "prevention and continuous
improvement," signi?cantly enhancing employees' ability to identify,
analyze, and solve problems, further strengthening the Group's
Indicators 2025 Target 2025 Completion
quality management foundation and providing sustained momentum
for its high-quality development.
Annual Customer Satisfaction ≥90% Achieved
Customer Complaint Handling Rate 100% Achieved
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Customer Communication and Complaint Response
To ensure service quality, the Group has formulated the Customer Complaint Handling Procedure, the Service Control
Key Performance
Procedure, and the Provisions on Strengthening Accountability in Complaint Handling, aiming to quickly respond to and
effectively resolve customer issues, enhance employee accountability, and continuously optimize the customer service
experience.
During the reporting period, carried out 2 customer satisfaction surveys, collecting a cumulative total of
Customer Communication Channels
Website: www.jinhonggroup.com WeChat Of?cial Account: 金宏气体
Product Recall Management
Hotline: 400 828 7377-5 Tel: 0512-65767715
The Group has formulated the Product Recall System and the Food Withdrawal and Recall Control Procedure, among others, to
enhance emergency response capabilities for product safety incidents and improve relevant management standards. The
Group has established a comprehensive product recall process to ensure prompt and effective recall of products when
potential safety hazards are identi?ed, thereby protecting customers' interests and safety.
Continuous Traceability & Ef?cient
Complaint Receipt Case Registration Cause Analysis Complaint Handling Complaint Closure Orderly Recovery Risk Control Review & Summary
Improvement Identi?cation Communication
Launch recall Organize product Complete whole-process
Customer Complaint Handling Process Accurately trace the Strictly isolate and label
noti?cations through recovery through the closed-loop
source and ?ow of recalled products, and
multiple channels existing channel management and
problems, and fully ensure safe disposal per
simultaneously to network to ensure the systematically compile
Key Performance identify and locate
ensure clear delivery of process is traceable
standardized
recall reports to capture
all relevant parties. procedures.
key information. and controllable. lessons learned.
During the reporting period, 100 % Customer Complaint Hangling Rate. Product Recall Process
Case Product Recall Drill
During the reporting period, the Group carried out a special simulated recall drill for the food additive nitrogen production line.
Strictly following relevant product recall policies, the drill fully covered the closed-loop operation of the entire process: Problem
Identi?cation & Evaluation - Recall Plan Formulation - Information Release & Communication - Recall Implementation & Disposal
Customer Satisfaction Management - Follow-up Corrective Actions & Optimization
The Group incorporates customer satisfaction management as a key component of its ESG practices and has established a
customer relationship management system centered on regular systematic satisfaction surveys and supported by ongoing
communication mechanisms. The survey covers service, price, delivery, quality, accessories, and other dimensions. By deeply Key Performance
understanding customer needs, ef?ciently responding to and resolving customer concerns, and continuously optimizing
service quality and experience, the Group identi?es opportunities for service enhancement, strengthens mutual value
creation with customers, steadily improves customer satisfaction and loyalty, and builds a responsible brand reputation.
During the reporting period, number of product recall incidents 0
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Supply Chain Security Supplier Evaluation and Classi?cation Management
To standardize supplier management and enhance supply chain ef?ciency, the Group continuously re?nes its supplier
evaluation and classi?cation management and optimizes the categorization system. Suppliers are scienti?cally classi?ed
Supply Chain Governance based on their cooperation attributes, business scale, and other characteristics, enabling targeted oversight and strengthening
supply chain reliability.
The Group prioritizes supply chain governance to ensure stability, compliance, and ef?ciency. It has established a
comprehensive institutional framework, including the Procurement Business Management Process, Supplier Development and
Certi?cation Process, Supplier Classi?cation Management Provisions, Supplier Performance Management Provisions, Supplier
Documentation Management Provisions, and Procurement Bidding and Tendering Management Process. This framework
enables full-chain oversight covering supplier quali?cation, tiered management, performance evaluation, procurement
procedures, bidding compliance, and documentation. It governs the entire supplier lifecycle—from selection and onboarding to
performance assessment—ensuring standardized procurement, strong supplier quality control, and reliable supply of raw
materials for core products such as specialty and bulk gases.
Supplier Management
Sustainable Supply Chain
Supplier Development and Audit
Potential Supplier Pool Supplier Development Demand
To build a high-quality supply chain ecosystem aligned with the
Integrity in Procurement
Group's strategic development and achieve win-win cooperation
Key Performance
with partners, the Group places supplier development and audit N
Approval The Group attaches great importance to the integrity management of
management at the core of its supply chain strategy, employing
suppliers. It requires all quali?ed suppliers to sign the Supplier Integrity
systematic processes to ensure that suppliers' products and Y
During the reporting period, the
Commitment and requires procurement personnel to sign the Procurement
services meet stringent standards for quality, ef?ciency, and Supplier Development Team signing rate of the Supplier Integrity
Personnel Integrity Commitment, thus establishing a strong foundation for
compliance. Commitment among quali?ed
ethical cooperation both internally and externally.
In the supplier development stage, the Procurement Center
identi?es potential suppliers through professional platforms such
Audit Required
N
The Group is committed to building stable, healthy, and sustainable suppliers reached 100%.
partnerships with suppliers, ?rmly opposing commercial fraud and corrupt
as industry exhibitions and technical seminars, and collects Y
N
practices, and upholding the principles of fair trade. In addition, the Group
targeted information by leveraging industry directories, End On-site Audit
organizes periodic integrity training sessions for procurement staff to enhance
professional databases, and other channels, thereby
their awareness of integrity, thereby maintaining a fair and impartial market
comprehensively expanding the pool of potential partners.
First Sample Certi?cation of environment and healthy, transparent cooperative relations, and achieving
New Materials
In the supplier audit stage, the Group has established a mutual bene?t and long-term sustainable development.
comprehensive and standardized quali?cation audit system with
N
strict evaluation and selection criteria. Through thorough
Green Procurement
Audit Required
inspections and assessments, rigorous screening, and prudent
Pass
evaluation, it selects quali?ed partners to achieve coordinated
Quali?ed Supplier The Group deeply integrates the concept of green procurement into the entire supply chain process and collaborates with
development of the upstream and downstream industrial chains.
suppliers to practice green development. In supplier selection and product procurement, the Group prioritizes products and
Supplier Development and Certi?cation Process services that meet green standards or possess relevant green certi?cations.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Digital Supply Chain Data Security and Customer Privacy Protection
The Group strictly abides by the Cybersecurity Law of the People's Republic of China, the Data Security Law of the People's
Based on the SRM system, the Group has built a digital supply chain management platform. By establishing a supplier
Republic of China, and other relevant laws and regulations on data security and privacy protection, and has established a
information database and formulating standardized access procedures and quali?cation review mechanisms, it ensures
multi-layered, comprehensive protection system.
standardized management in the supplier selection process. Meanwhile, the introduction of AI-powered contract management
tools signi?cantly enhances the entire supplier management process, continuously driving the intelligent and digital upgrade With the core goal of "building a solid digital security barrier," the Group has developed a secure digital infrastructure
of supply chain management. architecture featuring "active defense + intelligent control," providing comprehensive support across hardware deployment
and network architecture.
AI Contract Management
Network Architecture Optimization: The Group adopts a "physical isolation + logical control" model to segregate its internal
and external networks. The internal network serves as the core industrial control network, handling PLC and DCS equipment
control, as well as production data ?ow and interaction. The external network functions as a public service network, supporting
customer interactions and other external business activities. This ensures risk isolation at the source, reducing potential data
It enables core functions such as intelligent extraction of contract elements, leakage and loss.
automated generation of contract summaries, rapid comparison of multi-version
Deployment of Core Protection Systems: The Group has deployed the Sangfor Network Security System as its core protection
contract texts, and precise identi?cation of contract clause risks, promoting
solution, effectively defending against external cyberattacks and malicious intrusions. It has also established a document
intelligent, end-to-end management of supplier cooperation contracts.
security management system to encrypt and manage sensitive documents—including process parameters, quality data, and
customer-related information. The system enforces strict access controls, ensuring data is governed, controlled, and traceable
throughout its lifecycle—creation, storage, transmission, use, and destruction—thereby eliminating internal leakage risks.
Key Performance
Equal Treatment of Small and Medium-Sized Enterprises (SMEs)
No data breaches or privacy incidents were
reported during the reporting period.
The Group consistently upholds the principles of fairness and equity in its daily operations, treats all SME partners equally, and
strives to build long-term, stable cooperative relationships.
Key Performance
By the end of the reporting period, Overdue unpaid amount 0
By the end of the reporting period, Overdue unpaid amount to SMEs 0
Corporate
Governance
Standardized Governance
Business Ethics
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Industrial Value Corporate Governance Environmental Protection Social Well-being
Standardized Governance Shareholders' Meeting
Governance Structure
Key Performance
In 2025, the Group held 3 shareholders’ meetings and considered and adopted 26 proposals.
Key Performance
In 2025, the Group convened 6 meetings of the Supervisory Board and adopted 23 proposals (the Group
abolished the Supervisory Board in September 2025).
Board of Directors
Shareholders' Meeting
Board of Directors
Strategy and ESG Remuneratyion
Audit Committee Nomination Committee
Committee &Appraisal Committee
Governance Structure Chart
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Key Performance Key Performance
The Group held 10 Board meetings, adopting 77 proposals with 100 % attendance of Board members. As of the reporting period end, the Group had 9 directors, including 1 female director, 1 employee director and
It held 10 specialized committee meetings, adopting 18 proposals:
Audit Committee: 5 meetings, 11 proposals adopted; Specialized Independent Directors Non-independent Independent Director
Committees (No.) Directors (No.) serve as Chairperson?
Strategy and ESG Committee:
Audit Committee 2 1 YES
Nomination Committee: 3 meetings, 3 proposals adopted;
Nomination Committee 2 1 YES
Remuneration and Evaluation Committee: 1 meeting, 2 proposals adopted.
Remuneration and
Evaluation Committee
The Group held 1 special meeting of independent directors, adopting 1 proposal. Strategy and ESG
Committee
Board Diversity and Independence Improvement of Supporting Governance Systems
The Group strives to build a professional and diverse Board team to effectively respond to complex market and operational
challenges and consolidate the foundation for sustainable development. In the nomination and appointment of directors, the
Group takes full account of professional competence, quali?cations and background. By optimizing the Board’s overall
structure and competency matrix, the Group comprehensively strengthens the Board’s ability to identify, assess and address
potential risks. One employee representative director was appointed to establish a communication channel between the
governance layer and employees, integrate employees’ demands into Board decision-making, re?ect humanistic care through
improved governance structure, and elevate the Group’s corporate governance to a higher level.
Independent directors provide the dual core functions of supervision,
checks and balances and professional advice in corporate governance,
and are critical to ensuring the Group’s standardized operation. The
Group strictly complies with applicable laws, regulations and internal
rules, and improves the performance guarantee mechanism to enable
independent directors to fully exert their professional strengths and
make independent judgments. Independent directors hold the majority
of seats in all special committees of the Board and serve as conveners
of all committees except the Strategy and ESG Committee. Such
arrangement allows independent directors to deeply participate in key
decision-making, deliver professional and targeted opinions and strong
support for the Board’s sound decision-making, and effectively protect
the legitimate rights and interests of the Group and all shareholders,
especially minority shareholders.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Investor Relations and Shareholder Rights
Compliance & Operations Information Disclosure Governance Structure
Investor Relations Management
Measures for the Administration of Information Disclosure Affairs
Articles of Association
Raised Funds Management System The Group regards investor relations management as a core task in improving corporate governance and protecting
shareholder rights. Under the leadership of the Chairman of the Board, the Secretary of the Board takes charge of the
Internal Management System for organization and coordination of investor relations management, and the Securities Department implements speci?c affairs
Rules of Procedure for the Shareholders'
Internal Audit Work System Suspension and Exemption of such as liaison, coordination and information transmission, so as to effectively safeguard the legitimate shareholder rights of
Meeting investors.During the reporting period, the Group revised and improved the Investor Relations Management System, and
Information Disclosure
carried out daily investor relations management in strict accordance with the system, establishing an investor relations
External Guarantee Management Internal Reporting System for Material Rules of Procedure for the Board of management system featuring “sound systems, standardized procedures and transparent information”.
System Information Directors
The Group actively builds a communication bridge with investors, and delivers its core values through diversi?ed channels such
as visualized interpretation of ?nancial reports, investor surveys, participation in industry exhibitions and self-media
promotion. It has also set up communication channels including investor hotline and e-mail to continuously broaden the access
Inside Information Management System Investor Relations Management System Independent Directors System
to information for small and medium-sized investors, strengthen interaction and communication with investors, and protect
investors’ legitimate rights such as the right to information and voting right on a fair basis.
Connected Transaction Management Detailed Rules for the Work of Special
Commitment Management System
System Meetings of Independent Directors
Key Performance
Major Operation and Investment
Decision Management System
External Information User Management
System
Rules of Procedure for the Strategy
and ESG Committee of the Board
Rules of Procedure for the Audit
Pro?t Distribution Management System
Committee of the Board
Management System for Shares Held
by Directors and Senior Management
Rules of Procedure for the Nomination 90 investor calls answered
Committee of the Board
and Their Changes
Rules of Procedure for the Remuneration
Standardized Information Disclosure
Selection and Appointment System
for Accounting Firms and Evaluation Committee of the Board
Detailed Rules for the Work of the
Market Value Management System
General Manager
Work System for the Secretary of
the Board of Directors
Management System for the Resignation
of Directors and Senior Management
Key Performance
Subsidiary Management System
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Recognitions
Key Performance
As of the end of the reporting period, the Group’ s cumulative cash dividends since listing amounted to 649
million.
The proposed cash dividend for the current year is 119.29 million, accounting for 90.42% of the
net pro?t attributable to shareholders of the listed Company for the current year.
Since its listing in 2020, the Group has repurchased a total of
million.
Compliance Operation
The Group adheres to the philosophy of “Corporate Governance by Law, Compliance First”, integrates compliance
Active Return to Shareholders management into its core strategy, and builds a “three-full” compliance system covering all business entities, sectors and
processes.
Guided by its core values, the Group complies with the Company Law, the Securities Law and other regulatory requirements.
It continuously improves its compliance system with clear rights and responsibilities, and sets up a full-time compliance
department under the supervision of the Board’s special committees. The department carries out compliance review, risk
monitoring, inspections and training, forming a dual-driven compliance governance structure supported by systems and
organizations.
The Group conducts systematic training on contract compliance,
anti-corruption and corporate governance, covering relevant laws,
regulations and practical norms. Through case studies, seminars and Key Performance
online-of?ine programs, it enhances employees’ compliance awareness
and professional competence, providing a solid foundation for the Group’s 3 compliance training sessions held,
covering 299 participants
compliant and steady development.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Case Compliance Training
Develop the annual
Establish a special Issue the internal
internal audit work
audit team audit notice
In October 2025, the Group specially invited external lawyers to plan
conduct a special training on "Corporate Governance and
Standard Operation of Listed Companies". The training provided
detailed interpretation on major transactions, connected
transactions, information con?dentiality and other aspects in
the daily operation of listed companies. Through the explanation Conduct the audit
of laws and regulations, case analysis, on-site Q&A and other
methods, it further enhanced employees’ compliance
awareness and professional competence.
Promote the Archive documents
Follow up and revew
recti?cation of defects upon audit
recti?cation
and problems completion
Risk and Internal Control
Internal Audit Process
The Group has established a dual-track internal audit system of “regular audit + routine supervision”. Regular special audits
ensure objective and accurate judgment of major risks; routine daily inspections and special supervision are carried out in
business processes. By building an internal control matrix and sorting out internal control procedures and risk management
measures, the Group has formed complete internal audit documents to ensure standardized and ef?cient management.
To strengthen internal control implementation, the Group continuously provides compliance and risk training for directors, senior
management and all employees. Targeted courses improve legal awareness and risk prevention capabilities, turning rules into
effective practice and fully supporting the Group’s steady operation.
First line of defense Each core business department regularly reviews risk focus points
and integrates into daily risk control.
Key Performance
Second line of defense Each functional management department assists and supervises
the implementation of risk management systems by various
departments.
Conducted
Third line of defense The Audit Committee, established under the Board of Directors,
comprehensively coordinates management across various risk
areas.
During the reporting period, 0 material or signi?cant internal control defects were identi?ed, the recti?cation
The Audit Department, established under the Audit Committee, completion rate of identi?ed general issues and defects reached 96%.
serves as the permanent internal audit body. It is responsible for
examining and evaluating the integrity, rationality, and
effectiveness of the implementation of economic responsibility
and internal control systems, and regularly reports to the Audit
Committee and the Board of Directors.
Three Lines of Defense for Risk Management
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Business Ethics
During implementation, the Group clari?es the anti-fraud
duties and authorities of all departments. It enhances employ-
ees’ anti-corruption awareness through regular and ad hoc
integrity self-inspections, training and publicity.It integrates
Anti-Commercial Bribery and Anti-Corruption anti-corruption requirements into internal management and
external cooperation, and prohibits corruption, bribery and
abuse of power. The Group signs integrity commitments with
partners and conducts relevant promotion to strengthen their
Specialized training on business ethics
self-discipline.
With complete systems, organizational support and effective implementation, the Group consolidates its anti-corruption
foundation, fosters a clean and compliant environment, and supports its long-term steady development.
Audit Committee of the
Responsible for guiding anti-corruption and anti-fraud efforts and providing ongoing supervision of related work.
Board Key Performance
Responsible for establishing a Group-wide anti-fraud and anti-corruption cultural environment, and for building and
improving an internal control system that includes fraud prevention, whistleblowing acceptance, and investigation During the reporting period,
Group Management handling;
Accountable for the occurrence of fraudulent activities and responsible for coordinating and guiding corruption occurred in the Group.
cross-departmental anti-fraud efforts within the Group.
The Group's standing body for anti-corruption and anti-fraud efforts, assisting management in establishing and
improving anti-corruption and anti-fraud mechanisms;
Responsible for conducting anti-fraud prevention and awareness activities;
Audit Department
Responsible for receiving complaints and reports of fraud incidents, and providing responses and follow-ups;
Responsible for forming anti-fraud investigation teams, organizing internal anti-fraud investigations, producing
reports, and reporting results to the Chairman.
The heads of each business Human Resources and
unit, department and Legal Department Financial Management Center Information Management
subsidiary Department
The heads of each business Responsible for transferring Responsible for promptly
unit, department, and cases that meet the ?ling transferring any corruption or
subsidiary are the primary criteria to judicial authorities. fraud clues discovered during
responsible persons and Represent the Group in ?nancial management
contacts for anti-fraud efforts initiating legal proceedings activities to the Audit
within their respective against individuals involved in Department.
departments, tasked with the case. Responsible for freezing all
carrying out internal antifraud payment obligations of the
activities. individuals involved in the case
Responsible for carrying out before the case is concluded.
relevant prevention campaigns Assist in recovering economic
within the department. compensation for the case.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
The Group has established a sound reporting and supervision mechanism, and actively
promoted the reporting policy at the headquarters and all subsidiaries. It encourages Anti-Unfair Competition
employees and partners to report acts violating integrity standards and fraud issues. The
Audit Department is the competent department for reporting clues, responsible for clue
reception and investigation organization. A whistleblower protection mechanism is also
implemented to effectively safeguard the legitimate rights and interests of whistleblowers.
Reporting Channel
Reporting Hotline: 0512-65767715-8110/8106
Reporting Email: 17798596707@163.com Reporting Policy Promotion
Key Performance
Whistleblower Protection
During the reporting period, 0 lawsuits or major administrative penalties caused by unfair competition occurred.
Acceptance of the report or participate in the investigation of personnel to strictly protect the relevant information of
the whistleblower, the speci?c content of the report, the relevant investigations are carried out without revealing the
identity of the whistleblower. Unless the whistleblower agrees, in any case, not to disclose the whistleblower’s name,
contact details and other information.
For violation of con?dentiality or improper performance of duties of the staff, according to the situation and the
consequences of serious treatment. Constitutes an offence, transferred to the judicial authorities.
Any unit or individual shall not use any excuse to block, suppress the whistleblowers report, shall not take any way to
retaliate against whistleblowers. Individuals who engage in retaliation against whistleblowers will be subject to serious
disciplinary action in accordance with the Group’s relevant regulations once the facts are veri?ed. Those who violate
the law will be transferred to the judicial authorities for legal processing.
Environmental
Protection
Climate Change Response
Environmental Compliance Management
Pollutant Emissions
Waste Disposal
Energy Utilization
Water Resource Utilization
Circular Economy
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Climate Change Response Climate Risk Identi?cation and Response
Climate change is a core global issue. With the deepening of the Paris Agreement targets, China's "Dual Carbon" goals, and Potential Impact
Value
stricter 2025 regulations, corporate climate governance requirements are clearer than ever. The Group embeds climate Risk & Description Timeframe Response Measures
Chain
governance into its core development and actively supports the low-carbon transition. Risk Impact Financial Impact
Typhoon Prod.
Raw material delays, Asset loss
Flood Short-term Ops. Form emergency team, coordinate
Acute SC disruption, prod. equip damage
(< 1 yr) SC
Governance
Extreme temp. response, weather warnings;
stability decrease ops. cost increase
Extreme wind Logistics Develop emergency plans, clarify
responsibilities of depts. &
Physical
personnel;
The Group has a clear and ef?cient governance system. The Strategy and ESG Committee sets climate strategies, goals, and Risks
Stop hazardous ops in extreme
Long-term climate
oversees progress. All departments integrate climate requirements into production, R&D, and supply chains to ensure effective weather;
shifts threaten
Sea level rise
action. Operationally, the Group cuts emissions, promotes clean energy, and boosts ef?ciency. Led by its national "Green Long-term Prod. employee Regular site/equip inspections;
Chronic heatwaves Ops. cost increase
Factory," it takes concrete steps to mitigate climate impact. (> 5 yrs) Ops. safety/health, ops. Check drainage systems
Water scarcity
ef?ciency
Moving forward, the Group will strengthen climate governance, embed low-carbon thinking into operations, and respond to decrease
national "Dual Carbon" and global goals—seizing green opportunities to drive sustainable growth.
Med-long Shift in S&D for
Low-carbon Enhance SC risk mgmt, resilience;
Market term Ops. goods/services Revenue decrease
economy transition Collect/analyze global market info
(3-5 yrs)
Strategy
pressures ops
To meet regulatory demands, the Group follows the Self-Regulatory Guidelines for Listed Companies No. 14 – Sustainability
Report (for Trial Implementation) and Self-Regulatory Guidelines for STAR Market Listed Companies No. 13 – Preparation of
Sustainability Reports issued by the Shanghai Stock Exchange (SSE), actively identi?es climate risks and opportunities. It then
assesses how its strategy and business model align with climate trends. Track climate laws/policies;
Stricter emission
Med-long Ensure compliance;
stringent global reduction and
Policy term Ops. Ops. cost increase
climate policies disclosure Explore emission reductions for
(3-5 yrs) itself & partners, build green value
responsibilities
Transition chain
Risks
Brand decrease, Establish/improve env. mgmt
Stakeholder sust. investor con?dence system, ensure effective
Med-long Reputation harm if
focus increase decrease, implementation;
Reputation term Ops. env. performance
Disclosure demands ?nancing cost Comply with climate disclosure;
(3-5 yrs) unmet
increase increase, Address stakeholder concerns,
revenue decrease pursue sust. dev.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Risk & Description Timeframe
Value
Potential Impact
Response Measures
Management of Impacts, Risks and Opportunities
Chain
Risk Impact Financial Impact
As a one-stop gas solutions provider, the Group follows China's "Dual Carbon" goals as its guiding framework and is committed
to green, low-carbon development. It systematically analyzes how these goals impact its ?nancial position and business
Growing demand Low-carbon growth, driving emission cuts through both technological innovation and concrete actions to strengthen its overall climate
for low-carbon Med-long transition Increase R&D in sust. products/tech;
R&D response capacity.
Technology products, term accelerates clean Revenue decrease Advance carbon capture &
Ops.
low-carbon (3-5 yrs) tech R&D, tech utilization projects
economy advances pressure
Climate Risk Identi?cation and Management
Based on the industrial gas industry's operational traits and asset distribution, the Group focuses on climate change impacts
on production stability, supply chain security, energy costs, and market demand, continuously enhancing its climate response
capacity. Key steps:
Climate Opportunity Identi?cation and Response
Opportunity Type and Description Value Chain Potential Financial Impact Response Measures Risk Dimension
Timeframe Identify risks systematically from physical and transition risk dimensions.
De?nition
Global low-carbon
Procurement Strengthen green gas product/service
Market economy accelerates, Med-long Revenue increase, Organize and assess identi?ed risks to support evaluation and strategy Risk Information
Prod. portfolio, offer clean low-carbon
Opportunities green product demand (3-5yrs) market share increase
Ops. solutions development. Collection
grows
Response Strategy Create targeted plans based on risk lists and allocate resources for effective
Development execution.
Monitor policy to align business with
Strong national 'Dual
Policy Short-med green transition;
Carbon' policies & Ops. Policy support access
Opportunities (1-3yrs) Build low-carbon tech reserve,
support
accelerate core R&D Dynamic Risk
Set up regular monitoring to adapt to changes and ensure effective oversight.
Management
Improving energy
Resource Procurement Enhance energy ef?ciency via tech
ef?ciency saves energy, Med-long
Ef?ciency Prod. Ops cost decrease upgrades/process optimization;
aids low-carbon (3-5yrs)
Opportunities Ops. Promote water/gas recycling
transition
Indicators and Goals
Energy Global energy shift to Ops. cost decrease, Optimize energy mix, reduce fossil
Med-long Prod.
Source clean sources; green resilience against energy fuel dependence, lower emissions;
(3-5yrs) Ops. To advance green, low-carbon, and high-quality development, the Group takes a long-term view, crafting a dedicated climate
Opportunities energy mainstream price volatility increase Increase renewable energy share
strategy and seizing opportunities from climate trends. Aligned with its medium to long-term sustainability goals, it steadily
drives low-carbon transformation across its production, operations, and services value chain, strengthening the foundation for
sustainable growth.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Key Performance
Jinhong Gas Meishan Jinhong Changsha Yihua Chongqing Jinsu
GHG Emission Unit 2025
GHG (Scope 1) Emissions tCO₂e 14,652.44
GHG (Scope 2) Emissions tCO₂e 305,361.83
GHG Emissions (Scope 1 & Scope 2) tCO₂e 320,014.27
GHG Emissions Directly Reduced by Emission
tCO₂e 4,834.46
Reduction Measures
ISO 14001 Environmental Management System Certi?cation
Case Chenggang Gas Oxygen System Energy-Saving Upgrade
In 2024, Shanghai Jinhong (a Group subsidiary) signed an Industrial Gas Supply Contract with Yunnan Qujing Chenggang Iron
Achieved
and Steel. Through acquiring and upgrading three oxygen units and backup systems, it now supplies oxygen, nitrogen, argon
and other gases to the client. Post-renovation in 2025, the system's speci?c power consumption dropped 7.3%, cutting CO₂
emissions by 10,334.86 tons annually—equal to saving 5,463 tons of standard coal (equivalent value). The project created an
integrated "asset upgrade + long-term supply" model and a replicable "ef?ciency gain – carbon value" dual-driver approach. It Compliance of wastewater, air, dust and Chemical spills incidents
optimizes regional energy use, upgrades the steel gas support industry toward greener, high-end development, and boosts noise emissions
low-carbon transition and regional "Dual Carbon" goals.
Compliant disposal of solid wastes Fire and explosion incidents
Environmental Risk Management
Environmental Compliance Management
For environmental risk control, the Group upholds green development principles, strengthens source prevention and
The Group strictly follows the Environmental Protection Law, Energy Conservation Law, and other environmental regulations. comprehensive management, and builds a long-term mechanism. It adopts diverse measures to ensure effective
Adhering to its policy—"Safety First, Prevention First; Improve Environment, Protect Health; Comprehensive Management, environmental risk control. In daily operations, it monitors waste gas, wastewater, and other pollutants in the plant area, while
Continuous Improvement; Comply with Laws, Advance Holistically"—it ensures ef?cient and compliant environmental establishing investigation and emergency response mechanisms to effectively manage the environmental impact of its
management. activities.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Systematic Environmental
The Group has established the Management Procedure for Identi?cation and Waste Gas Management
Evaluation of Risks and Opportunities and the Emergency Plan for Sudden
Risk Management
Environmental Incidents. It identi?es environmental factors in operations and takes
The Group prioritizes air quality, follows design specs, and uses adsorption, wet scrubbing, combustion, condensation (single or
corresponding actions.
combined) for waste gas treatment.
The Group conducts hazard inspections and self-corrections to prevent recurrence. Emissions of Exhaust Gas Pollutants Unit 2025
Planning and Source All hazards are logged into a tracking system for timely recti?cation. It also
Control organizes environmental emergency training and drills, and stocks emergency Total Waste Gas Emissions 104m3 30,689.00
supplies.
PM Emissions kg 965.30
SOX Emissions kg 24.00
Regular Inspections At the design stage, health or environmental protection zones are set, with no
& Training
sensitive targets within them. NOX Emissions kg 9,940.00
Preventive Measures
Wastewater Management
Environmental Emergency Management
Through systematic wastewater management and water recycling, the Group reduces freshwater demand, contributing to
The Group has a tiered response system and dedicated emergency command, supported by professional teams and facilities. ecological protection and demonstrating its ?rm commitment to sustainable development.
Regular drills improve response capability.
Emergency drill plans include LNG Leak Emergency Drill Plan and Hazardous Waste Warehouse Fire Drill Plan.
Cleaner production and water recycling systems cut fresh water use and wastewater
Source Management
generation at source.
Pollutant Emission
A full-process monitoring system tracks wastewater concentration in real time, covering
The Group complies with all relevant environmental laws (e.g., Environmental Protection Law, Air Pollution Law, Water Pollution Full-Process Monitoring
COD, BOD?, total phosphorus, total nitrogen, ensuring traceability.
Law, Solid Waste Law) and has a full-process environmental management system. It ensures emissions meet standards while
reducing environmental impact through tech upgrades.
Advanced facilities use physical, chemical, biological methods for compliant discharge.
Treatment Facilities A sludge ?lter press converts sludge to solid waste, cutting costs and improving
ef?ciency.
Wastewater Management Measures
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Wastewater Discharge Unit 2025 Waste Management Unit 2025
Total Wastewater Discharge tonne 93,651.33 Total Waste Generation tonne 92.43
General Industrial Waste
Total General Industrial Waste Generation tonne 51.45
Noise Management General Industrial Waste Compliant Disposal Rate % 100
General Industrial Waste Generation Intensity t/million 0.019
The Group integrates noise control into production, forming an integrated system of source prevention, process interception,
and end-of-pipe treatment.
Hazardous Waste
Total Hazardous Waste Generation tonne 40.98
Source Prevention
Hazardous Waste Generation Intensity t/million 0.015
Selecting low-noise equipment, optimizing layout, and adding vibration dampeners to cut noise at source.
Process Interception Hazardous Waste Compliant Disposal Rate % 100
Based on noise characteristics of different work environments, targeted measures are implemented:
sound-insulated control rooms, sound enclosures for high-noise units, sound absorption in reverberant areas,
muf?ers at sound sources and along propagation paths, and vibration isolation for equipment. These actions
fully block noise transmission, achieving both workplace noise reduction and community noise control.
Energy Utilization
End-of-Pipe Treatment & Compliance
The Group adheres to the energy policy of "Consuming Less and Producing More
A regular monitoring system is in place. In 2025, third-party boundary noise tests met all national standards. Ef?ciently, Conserving Energy and Reducing Emissions, Striving for Pro?tability,
Data tracking enables risk detection and preventive maintenance, ensuring compliance and continuous Operating in Compliance, Innovating Technologically, Pursuing Excellence.", and actively
improvement. carries out energy conservation and emission reduction activities. A series of measures
have been adopted to reduce energy consumption and emissions, including improving
production processes and implementing energy management. These measures not only
help the Group save energy and reduce costs, but also make positive contributions to
environmental protection. The Group has obtained the ISO 50001 Energy Management
Waste Disposal
System Certi?cation.
The Group strictly follows national standards including the Standard for Pollution Control on Storage and Land?ll of General
Industrial Solid Waste and Standard for Pollution Control on Hazardous Waste Storage. It has built a full-process waste
management system and works with quali?ed third parties for safe, compliant disposal. Regular inspections and full-process
Energy Management System
control over waste classi?cation, storage, and treatment ensure effective implementation. Certi?cation Certi?cate
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Photovoltaic power
Energy saving in lighting
Employee energy conservation
Water Resource Utilization
generation awareness training
The Group places high importance on water conservation, strictly follows the Water Law of the People's Republic of China, and
responds to regulatory requirements by sending personnel to water-saving training for advanced tech and management
Posting of energy-saving Air conditioning energy
Water reusing
signs saving control expertise. In practice, it raises awareness through posters and campaigns, while
driving tech upgrades and system optimization—completing projects like pure water
renovation for hydrogen production and condensate water renovation for ultra-high
Energy data collection Waste heat recovery and
Promoting paperless of?ce purity ammonia, and building a circulating water system to recycle production
and analysis utilization
wastewater and cut water use at source. By supplying specialty gases to
semiconductor and high-end manufacturing customers, the Group helps them replace
transformation of Energy insulation materials insulation Utilization of renewable high water-consumption processes, boosting water ef?ciency and value across the
saving equipment materials resources industrial chain. Water-saving Training
Energy Saving Initiatives
Application Scenario Traditional Issues Jinhong Gas's Solutions & Products Water & Environmental Bene?ts
Direct Water Saving: Reduces
The Group stepped up its emission reduction efforts and actively optimized its energy mix. During the reporting period, its
High ultrapure water consumption; ultrapure water consumption.
distributed photovoltaic power generation reached 692,448.00 kWh. Ultra-high purity N₂ for dry
Semiconductor Chip generates complex chemical Source Pollution Reduction: Cuts
processes (drying, purging) to
Manufacturing wastewater (dif?cult & costly to ?uorine- and phosphorus-laden
partially replace wet cleaning steps.
treat). wastewater, lowers terminal
Energy Consumption1 Unit 2025 treatment load.
Comprehensive Energy Consum tce 77,667.29
Water-Free Process: Eliminates
Large amounts of high-pressure High-purity oxygen (O₂) or
Of Which: By Energy Type Precision Metal industrial water use.
water mixed with abrasives, and nitrogen (N₂) as auxiliary gases for
Cutting (e.g., stainless Zero Wastewater: No sludge
generating sludge wastewater laser cutting, enabling a dry
steel, titanium alloy) wastewater; metal waste is dry
Natural Gas 104m3 3.65 containing metal powder. process.
and clean, easier to recycle.
Gasoline tonne 119.52
Green Process: Mild and
Diesel tonne 4,594.40 controllable reaction; introduces
Uses strong acids or alkalis for Carbon dioxide (CO₂) as a mild pH
Industrial & Municipal
neutralization, corrosion risks, adjuster, dissolving in water to form no strong acid anions (e.g.,
Water Treatment
Purchased Electricity kWh 574,842,000.40 safety hazards, ecological damage. carbonic acid for neutralization. SO???, Cl?), reduces ion load and
scaling risk.?Higher safety.
Purchased Heat GJ 3,187.89
Uses solvent-based or
Direct Energy Consumption tce 6,910.50 High-purity carbon dioxide (CO₂) Replaces Water & Chemicals:
Precision Industrial water-based cleaners, causing
as a supercritical ?uid cleaning No water or solvents needed;
Cleaning VOC emissions or hazardous
agent under speci?c conditions. residue-free with instant drying.
Indirect Energy Consumption tce 70,756.79 wastewater.
Comprehensive Energy Consumption Intensity tce/million 27.97
Clean Energy Consumption 692,448.00 Water Resource utilization2 Unit 2025
kWh
Renewable Resources Consumption tce 85.10 Total Water Consumption tonne 3,524,500.82
Renewable Resources Consumption Ratio % 0.11 Water Intensity t/million 1269.37
Reference: GB/T 2589-2020 General Principles of Comprehensive Energy Consumption Calculation 2Water Intensity = Water Consumption / Annual Revenue
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Circular Economy Case Green Gases Driving Downstream Transformation
The Group follows circular economy principles—Reduce, Reuse, Recycle—across operations. Through innovation and
optimization, it has developed scalable green practices delivering both economic and environmental bene?ts. The Group provides large-scale on-site gas production
solutions to help customers address the resource
utilization challenge of high-sulfur petroleum coke.
Through the POX process, it converts this feedstock into
syngas, reducing reliance on traditional energy sources
and lowering carbon emissions while ensuring a reliable
gas supply for long-term sustainable development.
Lean Water Management: Preventive maintenance and lean management eliminate water waste.
Circular Economy Models
Waste Heat Recovery: Steam Recycling Technology captures by-product steam from hydrogen production for
heating in ultra-high purity ammonia production, with condensed steam returned to hydrogen units. This
cross-unit energy cascade cuts steam and fresh water use.
The Group recovers coke oven gas for ef?cient,
Green Procurement: High-ef?ciency, low-impact equipment is prioritized in investments, securing energy and comprehensive utilization through a low-carbon, circular
carbon savings from the start. approach, producing liquid ammonia, LNG, and high-purity
hydrogen. It also supports downstream customers in
Cylinder Recycling: Gas cylinders are reused after inspection, maintenance, cleaning, and testing—reducing electronics, semiconductors, and other industries, boosting
disposable packaging waste and extending product responsibility across the life cycle. economic returns while enhancing environmental
performance.
For the biomass liquid fuel project, we have provided green oxygen and
nitrogen, along with a supporting investment in a green carbon dioxide
recovery unit. This has signi?cantly reduced the carbon emissions of the
project and provided critical support for the production of green methanol.
Social
Well-being
Employment, Development and Rights of
Employees
Occupational Health and Safety
Social Contribution
Rural Revitalization
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Employment, Development and Rights of Diversi?ed Employee Structure
Employees Guided by its people-?rst philosophy, the Group fosters a diverse and inclusive workplace culture, cultivating a high-caliber and
professional talent team.
Talent Acquisition
The Group adheres to the principles of openness, impartiality and fairness in employment. It has established a labor
management system centered on the Employee Handbook, Recruitment Management System, Labor Contract Management Female employees Male employees
Gender
Total Employees
System and Management System for Personnel Stationed Abroad, to safeguard employees' legitimate rights and interests at Distribution
the institutional level. Furthermore, it strictly prohibits child labor and forced labor, and eliminates discrimination based on
gender, race, marital status, region, religious belief or other identities throughout the recruitment and employment process.
The Group is committed to fostering an equal and transparent professional development environment for all employees.
Multi-Channel Recruitment
The Group prioritizes person-job ?t as its core recruitment criterion. It attracts talent
through diverse channels—including campus recruitment, online platforms, on-site job Multi-level Docter Master Bachelor College Diploma Below College Diploma
fairs, headhunting services, and internal referrals—to continuously strengthen its talent Educational
pool. To better identify candidates with relevant experience, the Group has established Background
partnerships with industry associations and platforms such as Dahua Chemical Talent
Network and CHENHR.COM. Leveraging these channels enables the Group to stay
informed on market dynamics and talent trends, facilitating targeted recruitment of
experienced professionals.
≤30 30-50（including 50） ≥51
Graded Age
Structure
The Group received the "2026 TOP
Employer" Award from 51job
Ethnic minority employees
Female
Ethnic Inclusion
Leadership
Key Performance
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Employee Rights Protection Employee Remuneration and Bene?ts
The Group signs labor contracts with all regular The Group has established a comprehensive
Base Salary (including Performance-Related Pay)
employees in accordance with the law and Key Performance remuneration and bene?ts framework, anchored
ensures the full and timely payment of by policies including the Remuneration Manage-
Remuneration Variable Pay (including Piece-rate Wages, Overtime Pay,
compensation, effectively safeguarding the
legitimate rights and interests of its entire
The Group did not encounter any violations such as the ment System and Bene?ts Management System.
Centered on optimizing a scienti?c and rational
Composition Subsidies, Assessment Bonuses)
use of child labor, forced labor, or discrimination.
workforce. Additionally, the Group has estab- compensation structure and supported by Year-end Bonuses & Beni?ts Allowances
lished dedicated procedures for handling labor diverse bene?t offerings, this framework
Labor contract signing rate
disputes. These mechanisms ensure that provides multi-faceted protection for employees.
employee concerns are fully understood and
that the employer-employee relationship can
Full and timely payment rate of labor compensation 100 % The Group conducts performance assessments on a quarterly basis, evaluating frontline employees, sales personnel, and
non-sales personnel through differentiated assessment criteria. Assessment results serve as a key reference for employee
be promptly mediated when disputes arise, development. The Group values communication between employees and their supervisors, which is integrated throughout the
Coverage of ?ve social insurances and one housing fund
thereby maintaining a harmonious and stable entire performance assessment process. Employees who have objections to their assessment ratings and results may submit
employment relationship. a written appeal to their skip-level supervisor or the HR Department.
Five social insurances & one Welfare Allowances &
Types of Leave Other Bene?ts
Democratic Governance for the Workforce housing fund Bene?ts
Annual Health Check-up,
The Group has established and continuously improves its democratic governance system, centered on the Staff Annual Leave, Personal Festival Gifts & Allowances,
Basic Endowment
Leave, Sick Leave, Free Meals, Free Shuttle
Representative Committee, to seamlessly integrate democratic supervision with management. It has implemented an Insurance, Basic Medical
Marriage Leave, Prenatal Bus, High Temperature Team-building Activities,
Insurance, Unemployment
employee satisfaction framework and developed diverse communication channels to understand employee needs and Leave, Maternity Leave, Allowance, Sickness & Home-return Shuttle Bus,
Insurance, Maternity
Breastfeeding Leave, Injury Subsidy, Birthday Celebrations,
respond with timely, targeted solutions. The Group fully respects employees' rights to information, participation, expression, Insurance, Work-Related
Bereavement Leave, Occupational Health Maternity Congratulations
and supervision—fostering a strong sense of belonging and well-being that drives mutual growth for both employees and the Injury Insurance, Housing
Work-related Injury Leave, Check-up, Financial
Provident Fund
Group. Compensatory Leave Hardship Assistance, Trade
Union Bene?ts
Employee Bene?ts System
Employee Satisfaction Surveys Management Trainee Forums
The Group is committed to promoting work-life balance and the physical and mental well-being of its employees. It has
Monthly satisfaction surveys are conducted Regular forums are held with management established several clubs, including badminton, basketball, LOHUO running, and table tennis clubs, and organizes various
to actively gather employee feedback, with trainees for in-depth discussions on career interest-based activities to enrich employees' after-work life.
the Group ensuring every concern is development, work-related challenges and
addressed through timely communication. daily living needs——creating a supportive
environment that empowers young talent and
drives high-quality growth.
Daily Communication
The Human Resources and Information
Management Department maintains regular
communication with employees, listening to
their concerns and helping resolve work-relat-
ed issues.
Employee Wellbeing Activities
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Case Fun Sports Day Employee Training and Development
On May 10, 2025, the Group hosted a Fun Sports Day for employees under the theme "Fun as Fuel, Win-Win through The Group has always placed talent development at the core of its strategy and attached great importance to employees'
Collaboration," attracting the enthusiastic participation of hundreds of staff members. The event not only provided a platform career advancement and personal growth. It has established a systematic talent cultivation framework covering the full
for employees to showcase their athletic talents but also fostered team collaboration and communication, enhancing employee lifecycle and across all dimensions, empowering employees to grow in sync with the Company and achieve mutual
employee cohesion and sense of belonging—infusing the corporate culture with energy and enthusiasm. success.
Employee Development
The Group has established policies—including the Remuneration Management System, Measures for Professional Title and
Vocational Skill Evaluation, and Measures for Academic Education Improvement—to standardize job rankings and promotion
mechanisms, support professional title evaluation and academic advancement, and provide clear growth pathways for
employees. In 2025, six employees received senior professional titles, seven intermediate titles, two assistant engineer titles,
and ?ve Certi?ed Safety Engineer certi?cations. Nine employees were supported in academic pursuits. As of period-end, 321
employees had obtained Senior Worker, Technician, or Senior Technician quali?cations.
Career Development and Promotion Pathways
Case Management Assistant Assistant Senior
"Mid-Autumn & National Day Celebration" Event Specialist Supervisor Manager Director
Sequence Manager Director Executive
In line with its people-?rst philosophy, the Group hosted a "Mid-Autumn & National Day Celebration" on the afternoon of
September 26, 2025, to foster a stronger sense of belonging and identity among employees. The event thoughtfully Professional
Assistant Engineer Engineer Senior Engineer Experienced Engineer
Sequence
incorporated traditional elements such as the full moon and festive lanterns, creating a warm and joyful atmosphere for the
dual celebrations while offering employees an immersive experience of traditional Chinese culture. The activity enriched
employees' spiritual and cultural life, strengthened team cohesion, and embedded humanistic care into the fabric of corporate Operational
Level 1 Operator Level 2 Operator Level 3 Operator
culture—reinforcing employees' sense of belonging and well-being. Sequence
In terms of support for female employees, the Group has set up on-site nursing rooms and put in place a comprehensive
system of paid maternity leave and breastfeeding leave, and it prohibits gender discrimination in daily work, performance
assessments and other related processes, committing to creating a warm, equal and opportunity-rich development
environment for female employees.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Employee Training
With building a learning organization as its core goal, the Group has formulated training systems including the Mentorship Key Performance
Management Regulations and Management Trainee Development Measures, continuously enriching resources to support top
talent. It offers differentiated, customized and systematic training programs for different employee groups: the Management
Trainee Program for campus recruits with one-on-one mentorship and regular tracking, and management empowerment During the reporting period, the Group organized a total of
programs like the Golden Eagle Leadership Development Program and Deputy Leadership Development Program for cadres at and multiple online learning programs
various levels.
Training Investment: 0.92 million
The coverage rate of new employee training: 100 %
Training System: Fostering a Learning Organization
The number of internal instructors: 53
Type Thematic Series Classic Programs
Case The 2nd Sales T-Plan Training Program
Golden Eagle
Leadership Succession
Grassroots Cadres Middle-level Cadres Senior-level Cadres
Development Pipeline Program
Leadership Program
Training Newly- Newly- Newly-
Production T-Plan
In April 2025, the 2nd Sales T-Plan training courses of the
Reserve promoted In-service Reserve promoted In-service Reserve promoted In-service
Sales T-Plan
Talent Development Group were successfully completed. Targeting outstanding
Training Program
Program
sales employees, this training aimed to reserve a "talent
reserve echelon" for the Group's future development. The
Tailored Professional Training by Function Safety Thematic Logistics Thematic training program included a total of 17 courses, covering three
Business
categories: general management courses, professional
Training
Manufacturing Sales Safety Quality R&D Logistics HR Finance IT ··· Quality Thematic Manufacturing capabilities and general skills. It adopted various teaching
Thematic
methods such as of?ine and online courses, post-class exams
and graduation reports, with the satisfaction rate of each
General, Cultural, and Philosophy Training for All Employees course reaching over 95%.
General Business
PowerPoint Skills Etiquette
Training Training
Of?ce Skills Language Pro?ciency Professional Competence Corporate Culture
Case Golden Eagle Leadership Development Program
Job Training for New Hires by Department
New Employee Onboarding Training
During the reporting period, the Group launched the Golden
New Hire Campus Recruits Experienced Recruits Eagle Leadership Development Program, focusing speci?cally
Training on improving the management capabilities of middle-level
Closed-door Mentorship Program Corporate Culture Policies and
Training Camp Regulations cadres. With the core keynote of "Enhancing Leadership
Management Trainee Program
Job Rotation Learning Progress Required Knowledge Job-speci?c Skills Awareness, Strengthening Management Skills and Promoting
Tracking and Skills
Team Integration", the program adopted a teaching model
combining internal and external instructors, covering key areas
such as product knowledge and management methodologies.
Operation Training Instructor Training Course Training Learning Training Effect It targeted to solve the actual management challenges faced
Carriers Team System Platform Evaluation
by cadres in performing their duties and fully empowered the
growth of middle-level cadres.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Occupational Health and Safety
Safety Production Committee
The Group consistently implements the safety management principle of "Safety Of?ce of the Safety Production Committee
First, Prevention Focused, Comprehensive Management," emphasizes a
full-participation workplace safety accountability system, and has established a
comprehensive occupational health and safety management framework committed
to providing employees with a safe and healthy work environment.
Strategic Investment Department
Engineering Management Center
Business Center
Electronic Bulk & Special Gases
Energy Business Center
On-site Gas Generation & Clean
Management Department
Human Resources & Information
Headquarters Operation Center
Design and Technology Center
Financial Management Center
R&D and Technology Center
Bulk Retail Business Center
General Manager's Of?ce
As of the end of the reporting period, the Group and 5 holding subsidiaries had
Securities Department
Site Operation Center
Procurement Center
Legal Department
Audit Department
obtained ISO 45001:2018 certi?cation for Occupational Health and Safety
Q
Subsidiaries
Management Systems.
H
S
E
IS0 45001 Occupational Health and Safety
Management System Certi?cation
Safety Production Committee Structure
Governance
The Group continuously improves policies including the Occupational Health Management System, Safety Education and
Strategy
Training Management System, Full-participation Work Safety Accountability System, and Risk Management System to
establish clear requirements for work safety and occupational health. A Safety Production Committee, chaired by the General The Group attaches great importance to the occupational health and safety of its employees. It regularly conducts workplace
Manager with the relevant Deputy General Manager as Vice Chair, holds regular safety meetings and de?nes departmental safety inspections, occupational hazard factor testing, and health risk identi?cation and assessment, implements safety
education and training, organizes regular occupational health examinations, and comprehensively safeguards the
responsibilities in accordance with the accountability system, ensuring primary safety accountabilities are implemented at
occupational health and safety of its employees.
every level. The Group also conducts regular safety audits and targeted inspections to ensure effective control measures, and
utilizes a digital intelligent management platform for comprehensive oversight of hazard sources, risk control, safety culture,
Risk/ Value Chain
training, and incident management—continuously optimizing its management systems. Financial Time
Mitigation Measures
Opportunity Risk/Opportunity Description Segments
Impact Horizon
Type Affected
If the Group fails to strictly comply
Dynamically track the latest laws,
with the relevant laws, regulations
and industry norms on safety regulations and standard requirements
production, it may face risks such as in the ?eld of work safety and
legal litigation and administrative occupational health, continuously
Medium-term Production &
Legal Risk penalties, resulting in consequences Cost Increase iterate and improve the work safety
（3-5Years） Operation
including ?nes, orders to suspend and occupational health management
production for recti?cation, and system, and fully implement various
thereby exerting a material adverse
safety assurance measures.
impact on the Group’s production and
business operations.
Strictly standardize the risk assessment
If an occupational health or safety process for work safety incidents, fully
production incident occurs during identify potential safety hazards in all links,
continuously deepen the investigation and
the Group’s production and
Operational Short-term recti?cation of safety risks and the
operation processes, it may impair Cost Increase Operation
Risk （1-3Years） development of emergency management
the Group’s normal operational capabilities, effectively prevent and
ef?ciency and even lead to mitigate various safety risks, and ensure
business disruption. the stable operation of production and
business activities.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Risk/ Value Chain
Financial Time
Opportunity Risk/Opportunity Description Segments Mitigation Measures
Impact Horizon
Type Affected
Key Performance
Continuously improve the safety
production management system and
If safety incidents or occupational
post operating procedures to ensure
disease issues occur due to
the rigid implementation of all safety
inadequate work safety norms throughout the entire production
Long-term
management of the Group, the Operations & process; and comprehensively enhance
Brand Risk Revenue Decline （more than
resulting negative public opinion Downstream employees' awareness of safety
may erode market and customer compliance and standardized operation
trust in the Group and undermine its capabilities through regular safety
brand image. training and special skills education,
thus fortifying the defense line of brand
value with the goal of zero accidents.
Emergency Preparedness and Drills
Developing a sound occupational Deepen the management of
occupational health and safety,
health and safety management
Long-term
continuously improve the full-process Upholding the principle of "Safety First", the Group has established a comprehensive emergency management system. Core
system, implementing the
Market Operations & health protection and safety training
governance principle of safety ?rst, Revenue Growth （more than policies, including the Emergency Management System and the Work Safety Accident Management System, are developed
Opportunity Downstream system for employees, and capture
and building a responsible brand 5 years）
new market opportunities with a and continuously updated to systematically govern the entire emergency process—covering prevention, initial response,
image will help enhance the Group’s performance of zero workplace injuries
attractiveness to customers. and high compliance. on-site handling, and post-incident management. This framework ensures rapid and precise responses to work safety
accidents, effectively curbing incident escalation and safeguarding employee safety and corporate assets.
Case Con?ned Space Emergency Drill
Management of Impacts, Risks and Opportunities
In August 2025, the Group conducted a combat-ready
emergency drill focused on con?ned space operations,
Risk and Impact Identi?cation a high-risk area in work safety. By simulating real-life
scenarios and executing full-scale response
procedures, the drill tested the feasibility of the
The Group has established a sound long-term risk control mechanism, formulated and dynamically revised the Risk
emergency plans and enhanced both risk prevention
Management System, governing the entire risk process such as identi?cation, assessment, classi?cation, control, and reporting.
capabilities and collaborative response coordination
The Group systematically conducts safety risk identi?cation and evaluation once a year, classifying safety risk levels into four among personnel.
grades from high to low: "Major, Signi?cant, General and Low ". It implements precise prevention and control, decomposes and
assigns risks level by level to each post, and promotes full-staff participation and full-domain coverage in safety management.
Safety Hazard Investigation
The Group has implemented a long-term mechanism for safety
production accident prevention. Guided by the Safety
Targets and Performance
Inspection and Hazard Investigation and Treatment System
and an annual inspection plan, all departments conduct
routine hazard identi?cation and recti?cation. The QHSE The Group has established clear occupational health and safety management objectives. Multiple safety accountability
Department oversees implementation and monitors corrective indicators—including the number of major accidents, minor work safety injuries, and the occupational health examination
actions, systematically eliminating potential hazards to rate—are incorporated into performance appraisals to ensure the achievement of annual occupational health and safety
minimize and prevent accidents. goals.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Xi'an Weiguang Subsidiary Awarded the Advanced Unit in Municipal Three-Year Work Safety Fundamental
Case Improvement Action
Zero serious injury or fatal injury accidents Achieved
Zero ?re and explosion accidents Achieved
Zero occupational disease injury accidents Achieved
Production safety minor injury accidents≤ 6 cases Achieved
Work-related injury incidents ≤ 10 cases Achieved
Response Measures
Achieved
standardization system elements
Safety Culture Education
Key Performance
Indicator unit 2025
Safety Production Investment Amount million 30.70
Employee Work-Related Injury Insurance Investment Amount million 1.90
Employee Work-Related Injury Insurance Coverage Rate % 100
Employee Work Safety Liability Insurance Investment Amount million 0.63
Employee Work Safety Liability Insurance Coverage Rate % 100
Occupational Health and SafetyTraining Participation Person-times 26,862
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Case "Safety Production Month" Campaign Speci?c Management Measures
During the 24th National "Safety Production Month", the 1 Occupational Hazard Identi?cation & Reporting
Group organized various safety promotion activities
centered around the theme "Everyone Learns Safety, The Group conducts an annual identi?cation of occupational hazard factors across the company, compiling the
Everyone Knows Emergency Response — Identify Safety Statistical Table of Occupational Hazard Identi?cation and Management, and submits annual reports or updates on
Hazards Around You". Activities included safety skills occupational hazards.
competitions, work safety knowledge contests, and
banner campaigns, all designed to enhance employees' 2 Hazard Warnings & Noti?cation
safety awareness and emergency response capabilities,
thereby strengthening workplace safety. When signing labor contracts and conducting pre-job training for new employees, the Group truthfully informs them of
potential occupational disease hazards, their consequences and bene?ts of protective measures；
Warning signs and instructions are posted at work posts and sites with occupational hazards；
Safety Management of Related Parties
Nutrition allowances are provided to special operation personnel.
The Group has strengthened safety management for related parties by establishing the Contractor and Supplier Safety
Management System. This system standardizes safety management procedures for external contractors and suppliers, 3 Occupational Health Training
covering aspects such as pre-quali?cation, selection process, pre-work preparations, operational supervision, and performance
evaluation for contract renewal. The Group provides professional training for occupational health management personnel, popularizes occupational
health knowledge and urges employees to comply with relevant laws and regulations on occupational disease
prevention.
Employee Health Protection
The Group places high importance on employee physical and mental well-being. Relevant policies, including the Occupational
Health Management System and the Labor Protection Equipment Management System, have been formulated to standardize
Providing personal protective equipment and conducting regular inspection and management of occupational
occupational health management for employees and comprehensively improve occupational health management standards.
disease protection facilities；
Conducting regular occupational health check-ups;
Key Performance Annual third-party entrusted detection of occupational disease hazard factors;
Establishing an emergency rescue plan for occupational disease hazards
During the reporting period, the Group conducted occupational health examinations for employees in special
operation positions, achieving 100% coverage of occupational health checks.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Industrial Value Corporate Governance Environmental Protection Social Well-being
Social Contribution Rural Revitalization
The Group steadfastly ful?lls its duties as a The Group has actively responded to the national call for the rural revitalization strategy and maintained a consistent focus
corporate citizen, remaining dedicated to giving on rural revitalization initiatives. While advancing the development of its core business, it leverages its own resource
back to society and enhancing public wellbeing. advantages to participate in and support the development of livelihood security in a pragmatic manner. It provides targeted
Through active participation in public welfare
Key Performance assistance services to vulnerable groups in rural areas, earnestly ful?lling its corporate social responsibility.
initiatives and social responsibility practices, it
strives to leverage high-quality development
outcomes to bene?t the community, demonstrating Charitable donations: 0.60 million Case Targeted Assistance for Families in Need
its enduring commitment to social responsibility.
Subsidiary Jiaxing Yaoyi Gas Co., Ltd., actively ful?lls its corporate social responsibility by consistently participating in the
paired assistance program between Yuanhua Town and Kalong Town, providing concrete support to families in need.
Case "Dream Scholarship" Donation
The Group is deeply committed to supporting
youth development, with a long-standing
dedication to educational initiatives and
adolescent welfare as part of its corporate
social responsibility efforts. During the reporting
period, the Group actively participated in the
"Dream Scholarship" donation program,
providing targeted assistance to empower
young people and contributing tangibly to the
growth of the next generation.
Case Blood Donation Drive Case Supporting Vulnerable Groups through Gas Safety Initiatives
Subsidiary Suzhou Su-Tong LPG Co., Ltd., addressed the living
For many consecutive years, the Group has
needs and safety concerns of rural families in poverty and those
organized employees to participate in voluntary
with children left behind. It organized professional teams to conduct
blood donation activities in Huangdai Town, with
door-to-door gas safety inspections, thoroughly examining gas
hundreds of person-times taking part in total. It
facility conditions and educating residents on safe usage practices.
conveys warmth through blood donation,
Simultaneously, it provided free gas component replacements and
contributes to sustaining lives, and earnestly ful?lls
basic gas supply assistance to families in need, delivering precise
the social responsibilities of a corporate citizen in
solutions to the most pressing challenges faced by vulnerable
practicing and promoting the humanitarian spirit.
groups.
Look Forward to the Future
The growth of enterprises and the undertaking of social responsibility
are interrelated, they mutually in?uence each other and collaboratively
promote the development of businesses. To achieve healthy and
sustainable development, enterprises focus should extend beyond their
own operations and pro?ts, but also actively ful?ll their social
responsibilities. Corporate social responsibility can not only enhance
brand image and reputation, but also create broader development
space and opportunities for enterprises.
Jinhong views environmental, social, and corporate governance as
integral components of fundamental operations, alongside research and
development, production, and sales. This approach not only serves as a
cornerstone for Jinhong's sustainable and long-term development, but
also represents a crucial means for enterprises to ful?ll their social
responsibilities. In our daily operations, we prioritize balancing the
interests of all parties, with a particular focus on environmental
protection, social responsibility, and corporate governance matters. We
are committed to actively ful?lling the needs of all stakeholders,
safeguarding their rights and interests.
As a preeminent Group in the domestic industrial gas industry, we fully
grasp the signi?cance of corporate social responsibility and seamlessly
integrate it into our long-term development strategy. We examine the
intricate nexus between social responsibility and the enduring prosperity
of enterprises through the prism of societal, environmental, and
economic harmony. Our endeavor is to transform social responsibility
into a catalyst for enterprise growth and enduring bene?ts. We aim to
achieve a harmonious blend of economic pro?tability and societal
welfare, thereby contributing to the sustainable development of society
as a whole.
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Appendix Ⅰ: Reporting Index
Appendix Ⅰ: Reporting Index
Self-Regulatory Guidelines for Self-Regulatory Guidelines for
Listed Companies No. 14 – Listed Companies No. 14 –
Corresponding Section GRI Standards Corresponding Section GRI Standards
Sustainability Report (for Trial Sustainability Report (for Trial
Implementation) Implementation)
About this Report / 2-1/2-2/2-3
Climate Change Response Article 20-Article 28
Message from the Chairman / /
Environmental Compliance Management Article 29/Article 33 2-12/2-17
Pollutant Emissions Article 29/Article 30 305-7
About Jinhong Gas / 2-1/2-6
Sustainable Development Governance Article 51/Article 52 2-9/2-14/2-22 Waste Disposal Article 29/Article 31
Environmental
Protection
Actively Responding to the
Article 11 2-9/2-14/2-22
United Nations SDGs 302-1/302-3/302-4/
Sustainability Energy Utilization Article 34/Article 35
Management
Stakeholder Communication Article 9/Article 53 2-16/2-29/3-1-3-3
Water Resource Utilization Article 34/Article 36
Material Topic Management 3-1/3-2/3-3 303-5
Article 5
Topic: United for Five Years, Gather Strength Circular Economy Article 34/Article 37 302-4
to Ful?ll Responsibilities, and Jointly Embark / /
on a New Journey of Green Development
Employment, Development and Rights
Article 49/Article 50 404-1/404-2/404-3/
Innovation-Driven Article 42 203-2 of Employees
Product and Service Safety and
Article 44/Article 47 416-1/416-2
Quality 403-1/403-2/403-3/
Social Well-being Occupational Health and Safety Article 49/Article 50
Industrial Value 403-7/403-8/403-9/
Supply Chain Security Article 44-Article 46
Social Contribution Article 38/Article 40 203-1/413-2
Data Security and Customer Privacy
Article 44/Article 48 418-1
Protection
Rural Revitalization Article 12/Article 51 203-1/413-2
Standardized Governance Article 12/Article 51
Corporate Governance
Business Ethics Article 54-Article 56
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Appendix II: Performance Table
Appendix II: Performance Table
Dimensionality Indicators Unit 2025 Dimensionality Indicators Unit 2025
Revenue million 2,776.58 Employee Directors person 1
Net Income Attributable to Shareholders of Listed Company million 131.92 Independent Directors person 3
Economic
Performance
Total Assets million 7,778.37 Performance Brie?ng Time 4
Total Tax Payment (Excluding personal income tax) million 217.13 SSE e-Interaction Responses Time 54
Standardized Governance SSE e-Interaction Response Rate % 100
Supervisory Board Meetings Time 6 Number of Investor Communication Sessions Time 304
Proposals Reviewed by the Supervisory Board Item 23 Number of Investor Communication Participants Person-times 1,122
Shareholders' Meetings Time 3 Number of Investor Calls Answered Time 90
Resolutions Approved by Shareholders' Meeting Item 26 Number of Periodic Reports Piece 4
Board meetings Time 10 Number of Current Announcements Piece 153
Proposals Reviewed by the Board of Directors Item 77 Total Dividend Amount since Listing million 649
Attendance Rate of Board Members % 100 Cash Dividend Per Share (Tax Included) Yuan 0.25
Specialized Committee Meetings Time 10 Total Amount of Cash Dividends Disbursed (Tax Included) million 119.29
Governance
Performance
Proposals Reviewed by Special Committees Item 18
Percentage of Net Income Attributable to Shareholders of
% 90.42
Listed Company in Consolidated Statement
Audit Committee Meetings Time 5
Governance
Performance
Proposals Reviewed by the Audit Committee Item 11 Total Repurchased Shares since Listing thousand shares 1,051
Strategy and ESG Committee Meetings Time 1 Percentage of Total Share Capital % 2.18
Proposals Reviewed by the Strategy and ESG Committee Item 2 Total Repurchase Amount million 249
Nomination Committee Meetings Time 3 Compliance-related Training Conducted Time 3
Proposals Reviewed by the Nomination Committee Item 3 Number of Compliance Training Participants Person-times 299
Remuneration and Evaluation Committee Meetings Time 1 Routine Audits Item 48
Proposals Reviewed by the Remuneration and Evaluation Committee Item 2 Other Investigations Item 4
Special Meetings of Independent Directors Time 1 Recti?cation Completion Rate % 96
Proposals Reviewed by the Special Meetings of Independent Directors Item 1 Business Ethics
Board Members person 9
Litigation or Major Administrative Penalty Cases Involving
Piece 0
Commercial Bribery and Corruption
Female Directors person 1
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Appendix II: Performance Table
Dimensionality Indicators Unit 2025 Dimensionality Indicators Unit 2025
Comprehensive Energy Consum tce 77,667.29
Litigation or Major Administrative Penalty Cases Resulting
Piece 0
from Unfair Competition Practices
Of Which: By Energy Type
Climate Change Response Natural Gas 10? m? 3.65
GHG (Scope 1) Emissions tCO2e 14,652.44 Gasoline tonne 119.52
GHG (Scope 2) Emissions tCO2e 305,361.83 Diesel tonne 4,594.40
GHG Emissions (Scope 1 & Scope 2) tCO2e 320,014.27 Purchased Electricity kWh 574,842,000.40
Purchased Heat GJ 3,187.89
GHG Emissions Directly Reduced by Emission Reduction
tCO2e 4,834.46
Measures
Direct Energy Consumption tce 6,910.50
Environmental
Performance
Environmental Compliance Management Indirect Energy Consumption tce 70,756.79
Compliance of wastewater, air, dust and noise emissions % 100 Comprehensive Energy Consumption Intensity tce/million 27.97
Compliant disposal of solid wastes % 100 Clean Energy Consumption kWh 692,448.00
Chemical spills incident Time 0 Renewable Resources Consumption tce 85.10
Pollutant Emission Renewable Resources Consumption Ratio % 0.11
Environmental
Total Waste Gas Emissions 10? m? 30,689.00 Water Resource Utilization
Performance
PM Emissions kg 965.30 Total Water Consumption tonne 3,524,500.82
SOxEmissions kg 24.00 Water Intensity t/million 1,269.37
NOxEmissions kg 9,940.00 Innovation-Driven
Total Wastewater Discharge tonne 93,651.33 R&D personnel person 360
Waste Disppoal R&D Personnel Ratio % 12.35
Total Waste Generation tonne 92.43 R&D investment million 103.14
Total General Industrial Waste Generation tonne 51.45 Year-on-Year Growth in R&D Investmen % 2.34
Industrial
Total Hazardous Waste Generation tonne 40.98 R&D investment as a percentage of revenue % 3.71
Performance
General Industrial Waste Generation Intensity t/million 0.019 Number of Invention Patents Applied in Main Business Item 114
Hazardous Waste Generation Intensity t/million 0.015 New Patent Applications Item 66
General Industrial Waste Compliant Disposal Rate % 100 New Application for Invention Patent Item 33
Hazardous Waste Compliant Disposal Rate % 100 New Patents Granted Item 47
Energy Utilization New Invention Patents Granted Item 10
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Appendix II: Performance Table
Dimensionality Indicators Unit 2025 Dimensionality Indicators Unit 2025
Total Patents Granted Item 402 ≥51 person 525
Total Invention Patents Granted Item 114 Percentage of Female Management % 18.44
Product and Service Safety and Quality Ethnic Minority Employees person 61
Product Delivery Quali?cation Rate % 99.997 Child Labor, Forced Labor and Discrimination Violations Time 0
Annual External Sampling Quali?cation Rate of Products (Food) % 100 Labor Contract Signing Rate % 100
Food Safety Incidents Item 0 Full and Timely Payment Rate of Labor Compensation % 100
Internal Quality Audit Time 217 Coverage of Five Social Insurances and One Housing Fund % 100
Annual Customer Satisfaction % 98.76 Training Sessions Time 236
Industrial
Performance
Customer Complaint Handling Rate % 100 Training Investment million 0.92
Product Recall Incidents Time 0 New Employee Training Coverage Rate % 100
Supply Chain Security Internal Instructors person 53
Quali?ed Supplier Integrity Commitment Signing Rate % 100 Occupational Health and Safety
Overdue Unpaid Amounts at End of Reporting Period million 0 Safety Hazard Investigation Item 11,090
Overdue Unpaid Amounts to SMEs at End of Reporting Period million 0 Social Performance Safety Hazard Recti?cation Rate % 99.60
Data Security and Customer Privacy Protection Serious Injury and Above Accidents Time 0
Information Security, Data Breach and Privacy Incidents Item 0 Fire and Explosion Accidents Time 0
Employment, Development and Rights of Employees Occupational Disease Cases Time 0
New Employees (including those from newly consolidated Accident Timely Reporting, Investigation, Recti?cation and
person 491 % 100
subsidiaries) Warning Rates
New Female Employees (Including Newly Merged Subsidiaries) person 84 Occupational Health Examination Rate % 100
Total Employees person 2,914 Abnormal Disposal Rate % 100
Social Performance Of Which: Classi?ed by Gender
Quali?ed Rate of Operation of Safety Production Standardization
% 100
System Elements
Female employees person 614
Male employees person 2,300 Safety Production Investment Amount million 30.70
Of Which: Classi?ed by Age Employee Work-Related Injury Insurance Investment Amount million 1.90
≤30 person 524 Employee Work-Related Injury Insurance Coverage Rate % 100
Jinhong Gas Co., Ltd. | 2025 Environmental, Social and Governance Report
Feedback Form
Feedback Form
Dimensionality Indicators Unit 2025
Employee Work Safety Liability Insurance Investment Amount million 0.63 Thank you for taking the time to read Jinhong Gas CO.,LTD. 2025 Environmental, Social and Governance Report. We greatly
appreciate your feedback on our ESG efforts and this report. as it serves as a crucial foundation for us to continually enhance
Employee Work Safety Liability Insurance Coverage Rate % 100 the level of transparency in our ESG information disclosure. Your comments and suggestions are invaluable in promoting the
Social Performance
management and practice of sustainable development within our enterprise. Kindly complete the form below and send us your
Social Contribution
feedback via email.
Charitable Donations million 0.56
Mail : dongmi@jinhonggroup.com
□ Regulatory agency □ Client □ Employee □ Public □ Supplier
□ Shareholders and Investors □ Trade association □ Media □ Other__________________
□ Excellent □ Good □ Neutral □ Poor □ Bad
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development, as well as this report?
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