The Report Commences 1
Sustainability (ESG) Report
中国建材
中材节能
CONTENT 中国建材
中材节能 国际交流会议中心
ESG Governance System Strategic Planning and Layout
Solid Action to Strengthen 71 Fulfilling Social Responsibilities
Pursuing Green to Empowerment through
the Foundation for Protect Ecological Smart Innovation and
Development Beauty Win-Win Cooperation
Opening Section
About This Report
Report Profile Information Sources
This report is the 2025 Sustainability (ESG) Report published by Sinoma Energy Conservation Ltd. ("Sinoma EC," "the The information and data disclosed in this report are derived from internal formal documents, statistical reports, annual
Company," or "we"). It showcases the ESG philosophy, practices, and major progress of Sinoma EC in 2025, aimed at reports, and ESG practice cases of Sinoma Energy Conservation Ltd. The financial data involved in this report is sourced
strengthening communication and engagement with internal and external stakeholders. from the 2025 annual audit report. Unless otherwise specified, there is no discrepancy in the financial data calculated
according to the aforementioned standards. Unless otherwise stated, all financial data in this report are denominated in
RMB.
Reporting Scope
Organizational Scope: This report takes Sinoma Energy Conservation Ltd. as the main body and covers all member Confirmation and Approval
enterprises within the scope of the Company’s consolidated financial statements.
The Board of Directors and all directors of Sinoma EC guarantee that the contents of this report contain no false records,
Timeframe: January 1, 2025, to December 31, 2025 (the "Reporting Period"). To enhance comparability and misleading statements, or material omissions, and they assume legal responsibility for the truthfulness, accuracy, and
completeness, some content extends back to previous years where applicable. completeness of its contents.
Reporting Cycle: This report is published annually, consistent with the financial year.
Report Access
Reporting Standards This report is available in Simplified Chinese and English, in both printed copy and electronic PDF formats. The electronic
version (PDF) can be downloaded from the Shanghai Stock Exchange website (https://www.sse.com.cn) and the official
Sustainable Development Goals (SDGs) from the United Nations 2030
website of Sinoma Energy Conservation Ltd. (http://www.sinoma-ec.cn). In case of any discrepancy between the Chinese
GRI Sustainability Reporting Standards (2021 Edition) (GRI Standards 2021) by the Global Reporting Initiative and English versions, the Simplified Chinese version shall prevail. For a print copy, please contact us at 022-27788125.
ISO 26000:2010 Social responsibility by the International Organization for Standardization
Contact Us
The Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial)
by the Shanghai Exchange
General Framework of the China Corporate Sustainable Development Report Guide (CASS-ESG 6.0) by the Chinese
Academy of Social Sciences
Reporting Principles
Board Office of Sinoma Energy Conservation Ltd. Tel: 022-86341590
Address: Sinoma Energy Conservation Building, Intersection of Fax: 022-86341588
Gaofeng Road and Tianning Avenue, Beichen District, Tianjin, China Email: sinoma-ec@sinoma-ec.cn
Materiality: The Company identifies the material topics for the year by reviewing the results of the annual materiality
Postcode: 300400
assessment and compiles this report centered on these topics.
Quantifiability: The Key Performance Indicators (KPIs) disclosed regarding historical data are measurable. Where
feasible, information on the standards, methodologies, assumptions, calculation tools, and sources of conversion
factors used for quantitative data is disclosed.
Balance: This report provides an unbiased representation of the Company's performance during the Reporting Period,
avoiding selections, omissions, or presentation formats that may inappropriately influence the decisions or judgments
of readers.
Consistency: Unless otherwise stated, the disclosure and statistical methodologies used in this report are consistent
with those of previous years.
Message from the Chairman
Five-Year Plan” and a pivotal year to “Consolidate Foun- landmark projects taking root and the growth pole of new East, Africa, and South America, establishing long-
dations, Explore New Horizons, and Forge Ahead under energy business accelerating. In Engineering & Equipment, term strategic partnerships with leading enterprises in
Pressure.” Facing a complex environment characterized we delve into industrial energy conservation, waste-heat multiple countries. Through technology export, investment
by accelerated global green transformation and profound utilization, and solid waste resource recovery, serving cooperation, and localized operations, we have not only
adjustments in the industry’s competitive landscape, the global green development with energy-saving and carbon- achieved growth in commercial value but also actively
Company has always kept the “Nation’s Most Fundamental reducing technical equipment. In the field of building fulfilled our social responsibility to improve local energy
Interests” in mind. Committed to serving the national “Dual energy-saving materials, we focus on green intelligent structures and promote livelihood development, with
Carbon” strategy, we have stood at the forefront of the manufacturing, premium products, and brand development synchronized improvements in the resilience, quality, and
green revolution, driving development through innovation to create high-quality green building materials. Calcium brand reputation of our international development.
and leading the future with responsibility. We have success- silicate board products have been included in the Catalogue
of Applicable Building Material Products for "Good House" Acting with Integrity, Delivering on Social Expectations
fully achieved the goals set for the “14th Five-Year Plan,”
Construction (2025). Through Responsible Value Creation. The Company
laying a solid foundation for the new journey of the “15th
always adheres to a people-oriented approach, placing
Five-Year Plan.”
Innovation-Driven: Forging Core Momentum Through employee growth at the core of corporate development and
Strengthening Foundations and Building a Solid Base Technological Self-Reliance. The Company upholds continuously improving the talent development and care
for Development Through Excellence in Governance. The technological innovation as the primary driver of system. We firmly establish the concept of safe development,
Company consistently improves the modern state-owned development, continuously increasing R&D investment in consolidating long-term mechanisms for workplace safety.
enterprise governance system with Chinese characteristics. key areas such as energy conservation and carbon reduction We actively fulfill our corporate social responsibilities, taking
By optimizing the "Three Meetings and One Management" technologies, new materials, and new energy equipment. A initiative in fields such as rural revitalization, community co-
power and responsibility mechanism, and deepening the series of major achievements, including fourth-generation construction, and public philanthropy, ensuring that the
synergy among compliance, risk control, and integrity waste heat recovery power generation technology, polymer fruits of corporate development benefit society more fairly
governance, we have established a "Comprehensive material recycling technology, and intelligent calcium and extensively, striving to shape the image of a respected
Oversight and Prevention" system that integrates legal silicate board production lines, have achieved industrial industry leader.
affairs, risk management, internal control, and compliance. breakthroughs. We strengthen the international application
of green and low-carbon technologies, exporting self- As the call to action sounds and thousands of vessels
We stimulate organizational vitality through deepened
innovated technologies such as waste-to-energy and low- race forward, action and diligence are the order of the
reforms and enhance management efficiency through
carbon building materials to countries along the "Belt and day. Standing at the new starting point of the "15th
institutional building, driving the modernization of the
Road," contributing Chinese wisdom and solutions to global Five-Year Plan," Sinoma EC will always take "Promoting
corporate governance system and capabilities to new
green transformation and continuously injecting strong Green Revolution, Lighting up a Low-Carbon Future" as
heights, providing a strong institutional guarantee for the
momentum into the cultivation of new quality productive its goal. With a higher stance, broader vision, and more
Company's steady and sustainable progress.
forces. practical measures, we will strive to build a world-class
Green Leadership, Fulfilling Our Mission Through Industrial comprehensive green energy and environmental protection
Practice. The Company deeply practices the philosophy that Open and Win-Win: Expanding Development Horizons with service provider with leading technology, excellent
"Lucid Waters and Lush Mountains are Invaluable Assets," a Global Perspective. The Company upholds the principles management, and an outstanding brand. We will join
systematically building a green industrial ecosystem where of "Extensive Consultation, Joint Contribution, and Shared hands with all sectors of society to compose an even more
the three main businesses- "Clean Energy, Engineering Benefits," deeply integrating into the global green industrial splendid green chapter in the grand journey of serving
and Equipment, and Building Energy-Saving Materials" chain. Leveraging the synergistic advantages of R&D, national strategies and advancing global sustainable
-develop in synergy. In the field of Clean Energy, we focus on manufacturing, engineering services, and investment, we development
have successfully expanded our business into emerging
Meng Qinglin
integrated energy management of "Solar, Storage, Thermal,
Secretary of the Party Committee and Chairman
About Sinoma EC 股东会 ◎ Governance Structure
Shareholders'
Company Profile
Meeting
董事会 Strategy and
Investment Committee
◎ Company Overview
Party
Board of Nomination Committee Committee
Directors
经理层 Remuneration and
Sinoma EC is an A-share main board listed company, specializing in the green energy and low-carbon industry (Stock
Assessment Committee
Abbreviation: Sinoma EC; Stock Code: 603126). Adhering to the development philosophy of "Green and Low-Carbon, Discipline
Value Creation," the Company focuses on its core business advantages to form a green industrial system centered on Clean Management Labor Union Inspection
Expert Committee Audit Committee
Team Committee
Energy, Engineering and Equipment, and Building Energy-Saving Materials. With a global vision and deepened international
market layout, we continuously cultivate new growth points for high-quality development, striving to become a world-class
comprehensive green energy and environmental protection service provider.
Innovation-Driven, Building Technological High Ground. Relying on its National Enterprise Technology Center, the Company
Department
Human Resources
Department
Investment Development
Protection Department
Department
General Administration
Department
Safety & Environmental
Finance Department
Internal Audit Department
Digitalization Department
Board Secretary's Office
Central Research Institute
General Office of the Discipline
Inspection Commission
Legal Department
Corporate Management
Party Organization
Department
Discipline Inspection
& Supervision Office
Party Inspection Office
Marketing Department
Party & Mass Work
Department
continuously promotes breakthroughs in key core technologies. It has accumulated over 500 authorized patents and led or
participated in the formulation of 18 national standards, forming an independent intellectual property system covering key
green and low-carbon fields, establishing an industry-leading position with solid R&D strength.
Integrated Services, Delivering System Solutions. The Company possesses full-chain service capabilities from R&D and design to
equipment manufacturing and intelligent operation and maintenance. We provide full-process, one-stop integrated solutions
for scenarios such as industrial parks, mining areas, and zero-carbon parks, supporting customers in energy efficiency
improvement and green transformation through deep synergy.
Model Innovation, Achieving Full-Cycle Value Creation. The company has deepened its expertise in the integrated Investment-
Construction-Operation (ICO) model, accumulating extensive practical experience across various business models
including BOO, BOOT, and EMC. It has successfully implemented nearly 30 investment and operation projects, establishing a
Design & Research Institute Co., Ltd
Sinoma Energy Conservation
Nantong Wanda Boiler Co., Ltd
Wuhan Building Material Industry
(Wuhan) Co., Ltd
Sinoma Energy Conservation
International Investment Co.,Ltd.
Waste Heat Recovery Co., Inc.
Sinoma Energy Conservation (CEBU)
Waste Heat Recovery Co., Inc.
Mpande Clean Energy Company Limited
Sinoma Energy Conservation Zambia
Engineering Co., Limited
Sinoma Energy Conservation Industrial &
Engineering (Malaysia) SDN. BHD.
Sinoma EC Engineering Branch
Overseas Branches in Saudi Arabia,
Dubai, Etc.
Sinoma Energy Conservation (Philippines)
comprehensive model spanning from project design and construction to long-term operation. This approach ensures sustained
growth in client value and delivers stable returns on assets.
Global Footprint, Fulfilling Green International Responsibility. As a committed participant of the "Belt and Road" Initiative, the
Company's business covers more than 40 countries and regions worldwide. We have designed and constructed over 500 clean
energy and energy-saving and carbon-reduction projects, and established institutions in key regions such as Southeast Asia,
Central Asia, the Middle East, and Africa. We continue to support global energy transformation with Chinese technology and
solutions, with our international operation capabilities and brand influence becoming increasingly prominent.
CNBM New Material Nigeria
Co., Ltd.
Sinoma (Yichang) Energy Conservation
New Materials Co., Ltd.
Sinoma (Qianjiang) Energy Conservation
New Materials Co., Ltd.
Sinoma (Chizhou) Energy Conservation
New Material Co, Ltd.
Sinoma Yujian (Chongqing) Energy
Conservation New Material Co, Ltd.
Navoiy Clean Energy Technology FE LLC
Subsidiaries in Shijiazhuang, Chuzhou,
Wuhai and other places
Development Strategy ◎ Main The Company focuses on "Green and Low-Carbon" development, advancing both strategic emerging
Businesses
industries and traditional industries. It continuously increase the transformation and upgrading of
The Company closely follows the national "Dual-Carbon" strategy and the global green development strategy, focusing on traditional industries while strategically positioning future emerging industries to provide lasting
developing new quality productivity. Adhering to the concept of "Based on Reality, Leveraging Advantages, Innovation-driven, momentum for high-quality development.
and Green Development", the Company transforms these into core driving forces and new growth poles to promote high-quality
development.The Company remains steadfast in following the path of green and low-carbon development, focusing on the three
main businesses of "Clean Energy, Engineering and Equipment, and Building Energy-Saving Materials," Through full industry chain Main Business Core Activities Key Entities
collaboration and global layout, we building a green, diversified, and synergistic clean energy service platform. We will continue to
deepen the core capabilities of engineering and equipment, actively explore and layout related diversified new material fields, and
Focus on the development and Sinoma EC International Investment Co., Ltd.
fully build the Company into a world-class comprehensive green energy and environmental protection service provider.
efficient utilization of diversified
Navoiy Clean Energy Technology FE LLC
c l e a n e n e r g y s u c h a s s o l a r,
Clean Energy
geothermal, and biomass energy; Mpande Clean Energy Company Limited
actively layout energy storage
Clean Energy system integration and integrated
Sinoma Energy Conservation Zambia Engineering Co., Limited
Based on both domestic and international markets, we build a market-oriented, specialized, and operation platform for clean energy management services. Sinoma Industrial Energy Storage Tech (Tianjin) Co., Ltd.
energy. Relying on technical and resource advantages in WHR, geothermal energy, new energy, and energy storage, our business
covers three major directions: clean energy power generation, industrial and commercial energy storage, and fossil fuel substitution.
On the power supply side, we comprehensively utilize various energy sources such as waste heat, photovoltaics, wind power,
and energy storage to provide integrated green power solutions for industrial and commercial customers, improving energy Focus on the efficient utilization Nantong Wanda Boiler Co., Ltd
efficiency. On the alternative energy side, we actively promote the replacement of traditional fossil energy with biomass energy and of waste-heat and pressure, low-
Wuhan Building Material Industry Design & Research Institute
hydrogen energy, helping customers achieve deep decarbonization. On the resource recycling side, we expand our solid waste carbon recycling of solid waste,
Co., Ltd.
Engineering and
resource utilization business around waste-to-oil conversion, red mud and coal gangue comprehensive utilization, promoting the and deep cultivation in the R&D
development of a circular economy and forming a new pattern of coordinated development of clean energy and resource recycling. and manufacturing of efficient low- Sinoma EC Engineering Branch
Equipment carbon thermal energy equipment
and new building material Sinoma Energy Conservation Industrial & Engineering
equipment. (Malaysia) SDN.BHD.
Engineering and Equipment
We adhere to the development direction of "Technology-Led, Equipment-Supported, and Global Service".The engineering service
business will continue to consolidate its leading advantages in fields such as efficient WHR power generation and green building Sinoma Energy Conservation (Wuhan) Co., Ltd.
materials.Through technological innovation and equipment R&D, we are deeply involved in energy-saving renovations of high-
energy-consuming industries such as cement, steel, and chemicals, and are extending into new fields such as carbon materials, Focus on the development of CNBM New Material Nigeria Co., Ltd.
exporting Chinese standards and solutions. In terms of operation and maintenance services, we extend high-value-added services to calcium silicate board series
Sinoma (Yichang) Energy Conservation New Materials Co., Ltd.
Building Energy-
provide equipment operation and maintenance, energy efficiency optimization, and digital “AI” services, offering customers system products characterized by green
solutions covering the entire lifecycle. Our equipment manufacturing business is accelerating technological iteration and intelligent, and low-carbon proper ties, Sinoma (Qianjiang) Energy Conservation New Materials Co., Ltd.
service-oriented transformation, focusing on developing product series such as waste incineration power generation, waste heat saving Materials safety, environmental protection,
Sinoma (Chizhou) Energy Conservation New Material Co, Ltd.
power generation, biomass power generation boilers, solar thermal power generation, and energy storage equipment, building a fireproofing, moisture-proofing,
new matrix of advanced and comprehensive environmental protection and energy equipment. By integrating resources across the corrosion resistance, and high Sinoma Yujian (Chongqing) Energy Conservation New Material
entire chain of "R&D Design—Equipment Manufacturing—Engineering Installation—Operation and Maintenance Services," we promote adaptability. Co, Ltd.
an integrated service model of "Customized Equipment + Engineering Support + Long-term Operation and Maintenance," precisely
matching the diverse needs of our customers.
Building Energy-Saving Materials
Following the development idea of "One Trunk, Two Branches, Multiple Leaves, and Global Layout," we will fully leverage the
Cultural The Company practices the core values of "Innovation, Performance, Harmony, and Responsibility",
Philosophy
synergistic advantages of the Company's technology, equipment, and engineering services to continuously iterate and upgrade integrating the concept of "Green and Low-Carbon" into its corporate strategy. We stand united with
the product system.Drive the upgrade from single materials to systematic solutions. Leveraging overseas manufacturing bases
the nation, aligned with nature, in step with the world, and alongside our customers, consciously
and brand resources, actively connect with the differentiated needs of the global market, accelerate the layout of production
capacity and supply chain collaboration in Southeast Asia, Africa, and key countries and regions along the Belt and Road shouldering social responsibility, keeping it close to heart, and translating it into action. We strive
Initiative, and promote the "Going Global" of the entire chain of technology, standards, equipment, and services. By building to give back to society through high-quality development outcomes, working together to create a
a global R&D, production, and sales system, continuously enhance international market competitiveness and brand influence, brighter future!
achieving a leap from product export to brand and standard export.
Annual During the Reporting Period, the Company continued to achieve positive results in green and low-
Honors
carbon development, technological innovation, operation management, and brand building. Its
comprehensive strength and industry influence have steadily increased, earning numerous honors
and recognition from government authorities, industry associations, and all sectors of society, fully
demonstrating the Company's stable performance in promoting high-quality development.
Key Business Awards Listed Company Awards
Sinoma Wuhan was officially recognized as a Hubei Provincial
"Enterprise Technology Center". The Sinoma Yujian Industrial R&D Wanda Power was honored
and Manufacturing Base Project and the Guangxi Guigang New with the title of "2025 Enterprise
Building Materials Project were awarded the First Prize and Second with Outstanding Contributions
Prize respectively for Outstanding Engineering Design in the building to High-quality Development."
materials engineering industry.
The Company's "The latest generation of cement kiln waste-heat recovery technology" was selected as an
"Enterprise New Quality Productivity Development Excellence Case" for 2025 by the China Enterprise Reform
Listed Company Boards Company Board Office Report Performance Briefing
and Development Society, and was included in the MIIT's Recommended Catalogue of Recommended
Energy-Saving Technologies and Equipment (2025).
The Company's Chuzhou United Project Department won the title of Advanced Collective in the
national "Ankang Cup" competition.
Board of Directors The Second Prize for 2025
The Pakistan D.G. Khan Waste Heat Power Plant Retrofit ProjectKenya Sponge Iron Waste Heat Recovery of Chinese Listed Excellent Achievements in
and Dolomite Carbon Reutilization Project of the Company were selected as "2025 Exemplary Cases Companies—The "Golden China's Enterprise Reform and
of International Cooperation in Industrial Green and Low-Carbon Development" by the Center for Round Table" Award Development
International Economic and Technical Cooperation (CIETC) of the Ministry of Industry and Information
Technology (MIIT).
Highlights Performance Empowerment through Smart Innovation and Win-Win Cooperation
Solid Action to Strengthen the Foundation for Development 117 million; accumulated over 500 authorized patents, including over 80
R&D investment reached RMB
invention patents; led or participated in the formulation of 18 national standards.
Wanda Power built an automated welding system, forming several industry-leading digital
practice achievements; Sinoma Chizhou launched the first digital factory and built the first digital
The Board of Directors consists of 8 members, including 3 independent directors, representing 37.5% of production MES control platform in the domestic calcium silicate board industry.
the Board.
Adhering to open cooperation and mutual benefit, we established long-term and stable strategic partnerships
with 22
global core major customers, including Uzkimyosanoat (Uzbekistan State Joint Stock Company), Siam
Cement Group (SCG), Everbright Environment, and China Electrical Equipment Group Co., Ltd. (CEEG).
board member person-times.
Supplier" by Grandblue Environment.
A total of1,824 suppliers have been incorporated into the management system. During the Reporting
Period, qualification reviews were completed for 121 new suppliers, and qualification change reviews were
conducted for 136 suppliers.
Pursuing Green to Protect Ecological Beauty
certifications.
Fresh water consumption per RMB 10,000 output value decreased by 51.36% year-on-year.
"Demand
Strengthen strategic synergy with units within the Group, establishing a mechanism for
Total comprehensive energy consumption decreased by 1.52% year-on-year. Consultation, Resource Sharing, and Win-Win Interests" to form a
combined force for overseas expansion.
Total Greenhouse Gas (GHG) emissions decreased by 15.16% year-on-year.
Comprehensive energy consumption per unit of calcium silicate board substrate dropped to 75.01 kgce/m?
(reaching National Grade I standard).
complaints throughout the year.
With a total workforce of
year, totaling 157,669 training hours and reaching 26,487 participants.
Workplace safety investments reached RMB 13 million, achieving 100% completion rate for hazard
rectifications. No serious or fatal workplace safety accidents occurred, and no safety penalties were incurred.
Sustainability Governance The Company has established an ESG governance structure with the Board of Directors at the core, coordinated by the ESG
Working Group, and executed by the ESG Management Department. This forms a working mechanism of top-down synergy
and horizontal linkage, ensuring the orderly operation of the ESG governance structure and the effective fulfillment of
Board The Board of Directors is the highest coordinating and decision-making body for the responsibilities.
Statement
Company's ESG work. It bears overall responsibility for ESG-related matters, including
ESG Governance Framework
formulating the Company's environmental, social, and governance policies, strategies, and
targets; assessing and determining ESG-related risks and opportunities; promoting the
establishment of appropriate and effective risk management and internal control systems;
approving disclosures in sustainability reports; and ensuring the Company maintains suitable Board of As the core of ESG governance, the Board directly formulates ESG strategies, makes decisions on and
and effective management and internal control systems. Directors supervises ESG matters, and leads the implementation of ESG concepts and strategies.
ESG The Company continuously promotes the construction of its ESG management system to
Governance
systematically build a sustainability management framework covering Environmental, Social,
and Governance aspects. Leveraging its core strengths in energy conservation and carbon
System
reduction, the Company integrates ESG concepts into development strategies, major decision- Composed of senior management, various departments, and member enterprises, the ESG Working
making, and business layouts. By strengthening technological innovation, green development, ESG Group is responsible for identifying ESG risks, formulating plans and targets for various ESG
and responsible operations, the Company continues to create a sustainable development Working risks, refining and decomposing the Board's ESG decisions and requirements for transmission to
model with core competitiveness. Group subordinate organizations such as relevant departments and member enterprises, and providing
centralized feedback to the Board on ESG issues and progress discovered in actual operations.
Strategic Directions
Leading with
· Guiding strategic development through ESG, empowering long-term value creation.
ESG
Management
The Company’s ESG management department takes the lead, in coordination with relevant
Sustainable
· Improving modern governance systems, enhancing overall management efficiency.
Department
departments of the Company, in implementing ESG policies and strategies.
Governance
· Analyzing external environment changes, strengthening corporate development resilience.
· Advancing business development quality, safeguarding stakeholder rights and interests.
Green · Support global carbon neutrality goals, promoting green and low-carbon transformation.
Focusing on frontier ESG trends, the Company actively participates in ESG standard research, organizes and attends ESG
Development · Focusing on full-process carbon reduction, strengthening environmental performance management. training, effectively enhancing its professional ESG literacy and practical capabilities. Taking ESG as an important lever for high-
as the Core · Solidifying the ecological compliance baseline, seizing green development opportunities. quality development, the Company defines overall objectives, core topics, promotion methods, and safeguard mechanisms for
ESG work. By integrating ESG management into corporate governance, development strategies, corporate culture, and business
systems, the Company achieves positive outcomes in promoting management and preventing risks.
Driven by · Strengthening tech innovation leadership, empowering green and low-carbon development.
Technological · Improving innovation system construction, enhancing core technological capabilities.
Innovation · Driving the application of R&D achievements, supporting industrial green transition.
Based on · Adhering to honest and compliant operations, strengthening the fairness and integrity baseline.
Responsible · Persisting in customer value orientation, improving product and service quality.
Operation · Deepening responsible supply chain management, promoting synergistic industrial development.
· Practicing diversity and inclusion, creating a fair employment environment.
Human Capital · Safeguarding employee rights by law, improving the labor protection system.
and Safety as · Strengthening talent development mechanisms, stimulating employee growth momentum.
Safeguards · Solidifying the workplace safety defense line, protecting employee health and safety.
· Cultivating a harmonious corporate culture, consolidating employee development synergy.
Supported by
· Serving green development strategies, creating sustainable social value.
Social Value
· Assisting in rural revitalization, promoting regional synergistic prosperity.
Creation
· Deepening overseas responsibility practices, promoting international win-win cooperation.
· Practicing social public welfare responsibility, conveying the consensus on sustainability.
Conducted ESG seminar activities in collaboration with Tianjin University
Stakeholder Communication • Conducting Field Research on • Timely Disclose Relevant Information &
Community Conditions Reasonably Increase Investment to Ensure
Sinoma EC regards stakeholder communication as a vital component of sustainability governance. Centered on stakeholders • Planning Matters
• Participating in Volunteer Activities the Implementation of Plans
such as shareholders and investors, government regulators, employees, customers, partners, and the public, the Company has • Environmental Protection &
• Engaging in Daily Community • Promote Green Production & Protect the
Climate Change Tackling
Community &
established multi-channel and normalized communication mechanisms to promptly understand and respond to stakeholder Interactions Ecological Environment
• Building a Harmonious & Stable
Media
concerns. The outcomes of these communications are integrated into business decisions and management improvements, • Organizing Open House Events • Improve Public Philanthropy Investment
Community
• Online Platforms & New Media • Participate in Community Activities
continuously enhancing governance transparency and sustainability levels. • Occupational Safety and Health
Platforms for Communication and • Establish and Improve Occupational Safety
Interaction and Health Management
Stakeholder Communication and Implementation
• Regularly Attend Meetings or • Actively Join Listed Company Associations
• Compliance Operations &
Stakeholder Communication Channels Key Concerns Response Measures Events
Sound Corporate Governance
& Industry Associations, and Various Public
• Maintain Daily Communication Welfare Organizations
• Environmental Protection
Social
• Sustained High-Quality Operations • Online Platforms & New Media • Leverage Membership Benefits
• Promoting Sustainable
Groups
• Periodic Reports • Corporate Performance • Continue to Drive Reforms Platforms for Communication and • Provide Financial and Technical Support
Development Together
• Extraordinary Announcements • Shareholder & Creditor Interests • Improve Information Disclosure Interaction • Establish Cooperative Relationships
• Performance Briefing • Investment Returns Mechanisms
Shareholders • New Media & Online Interactions • Truthfulness, Accuracy, Timeliness, • Enhance Corporate Value and
& Investors
Materiality Topic Assessment
• Shareholder Dialogues & and Completeness of Information Profitability
Feedback Disclosure • Standardize Corporate Governance
• Safeguard Investor Interests
In light of its actual development status and in accordance with the "Dual Materiality" requirements in The Guidelines No. 14
• Implement National Policies & of Shanghai Stock Exchange for Self-Regulation of Listed Companies—Sustainability Report (Trial) , Sinoma EC conducted a
• Corporate Governance
• Compliance with Laws & Operate in Compliance with the Law
• Compliant Operations materiality assessment and analysis of ESG topics from both "Financial Materiality" and "Impact Materiality" dimensions.
Regulations • Accept Supervision & Inspections
• Environmental Protection &
• Target Performance • Sustained High-Quality Operations Combining annual operating conditions, business development priorities, external policy environments, rating requirements,
Workplace Safety
• Pay Taxes and Fees & Provide
Government
Assessments and industry trends, the Company established an ESG material topics database. Internal and external stakeholders were invited
• Promote Employment & Serve Local
Employment Opportunities
Regulators
• Information Submission
Economic Development to participate in the materiality topic assessment through interviews, surveys, and questionnaires. Following discussions and
• Special Reports & Visits • Utilize Policies Related to Green &
• Climate Change Tackling reviews by the Company's management, and integrating opinions from internal and external stakeholders, the 2025 Materiality
Low-Carbon Development
Matrix was finalized.
• Customer Meetings
• Conduct Responsible Marketing, Safeguard 2025 Materiality Matrix
• Hotlines
Customer Information & Privacy Security Highly Important
• Corporate Integrity
• Strengthen Comprehensive Quality
• Online Platforms & New Media • Customer Relationships • Employee Rights and Compliant Employment
Management
Economy, Environment, and Society
Platforms for Communication and • Product and Service Quality • Pollutant and Waste Management • Occupational Health and Safety (OHS)
• Pursue Continuous Technological Innovation
Interaction • Product Innovation • Serving National Strategies • Product and Service Quality
Customers
• Standardize Safety & Environmental
• Market Research & Feedback • Environmental, Health, and Safety • Customer Service • R&D and Innovation
Management
Collection (EHS) of Products • Supply Chain Management • Compliant Operations and Risk Management
• Deliver Green, Low-Carbon, Healthy & Safe
• Product Packaging Information • Employee Training and Development
Products
Materiality
• Information Security and Privacy Protection
• High-Level Meetings
• Fair Pricing & Prompt Payment
• Bidding Conferences • Energy and Resource Management
• Pricing & Payment • Building Long-Term & Effective
• Contract Negotiations • Ecological and Environmental Protection
• Long-Term Partnership Partnerships
• Correspondence & Document • Green Products and Services
• Mutual Trust & Reciprocity, Shared • Honesty and Integrity & Fair
Exchanges • Intellectual Property Rights (IPR) Protection • Corporate Governance
Benefits Competition
Partners
• Daily Business Communications • Climate Change Tackling • Environmental Management
• Information Resource Sharing, • Promote Supplier Accountability
• Online Platforms & New Media • ESG Governance • Employee Rights and Compliant Employment
Risk Prevention • Establish Effective Communication
Platforms for Communication and • Public Welfare
Mechanisms
Interaction • Rural Revitalization
• Anti-monopoly and Fair Competition
• High-Quality Operations Moderately Important Highly Important
Financial Materiality
• Corporate Governance
• Employee Representative • Protecting Employee Rights
• Corporate Performance
Due Diligence
Assembly • Offer Competitive Compensation
• Employee Rights
• Labor Contracts Packages
• Compensation and Benefits
• Suggestion Programs & Grievance • Enhance Employee Benefits
• Career Development Planning
Channels • Strengthen Employee Training Programs
and Prospects
Employees
• Factory Affairs Disclosure • Provide a Safe Working Environment and During the Reporting Period, Sinoma EC continued to conduct due diligence on sustainability-related impacts and risks centered
• Occupational Safety and Health
• Regular Communication Health Protections
• Complaint Handling on key ESG topics. Under the overall coordination of the Board of Directors and management, relevant functional departments
• Online Platforms & New Media • Promote Democratic Management
• Democratic Management led the identification and assessment of risks related to environmental impact, workplace safety, and compliant operation in
Platforms for Communication and Practices
• Fair Competition sectors such as production and operation, project implementation, and the supply chain. Due diligence was conducted through
Interaction • Establish Effective Communication
• Factory Affairs Disclosure
Channels daily screenings, special inspections, and internal assessments. Active response measures were taken for identified risks to
promote effective management of sustainability risks.
Responsibility Feature 2025 marks a pivotal year for the conclusion of the "14th Five-Year Plan" and the strategic planning of the "15th Five-Year Plan."
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Sinoma EC has deeply implemented the
national "Belt and Road" Initiative, deepened international cooperation, expanded green industrial layouts, and promoted
Strategic Leadership in Overseas Green Energy
integrated local development, serving major national strategies and empowering global green transformation through high-
quality international business operations.
Strategic Planning and Layout Key Regions Business Development
The Company regards the "Belt and Road" construction as a key lever for serving national strategies and expanding
international space, insisting on leading practical progress with top-level design. During the Reporting Period, the
• Promoting the upgrade of the "WHR+" integrated energy model in Malaysia; the Malaysia
Company held an Internationalization Strategy Seminar to systematically summarize the achievements of international
HUME project achieved the first overseas application of combined the fourth-generation
operations during the "14th Five-Year Plan" and conduct in-depth analysis of the development situation, key regional cement waste heat recovery power generation technology and geothermal technology.
layouts, and business structure optimization for the "15th Five-Year Plan" period, clarifying the direction and path for
• The "Sinoma EC After-sales (ASEAN) Service Center" was officially inaugurated in Malaysia;
the next stage of international development.
following the handover of the CIMA project, spare parts and maintenance contracts were
Southeast Asia extended to ensure localized technical support and spare parts supply.
• Continuously expanding "WHR+" projects in markets such as Vietnam, Thailand, and
During the Reporting Period, the Company's international operation indicators achieved Myanmar to strengthen regional influence.
leapfrog growth
Annual international revenue reached RMB 2.22billion, accounting for 59.57% of total revenue, a year-on- • Focusing on high-end technology applications and creating benchmark demonstration
projects in markets such as Saudi Arabia and the UAE.
year increase of 24.31percentage points. • The Saudi Arabia RCC WHR project was successfully connected to the grid, marking the first
Middle East application of the Company's ORC technology in the Saudi market; it is the world's largest-
scale WHR project in the cement industry using ORC technology.
Reshaping the Development Ecosystem
The Company adheres to green and low-carbon development as its core orientation, practices the "Major Markets,
• Leveraging the Zambia zero-external-electricity industrial park project as a strategic pivot,
Major Customers, Major Projects" strategy, and continuously promotes the optimization and upgrading of its
the Company advanced the development of integrated energy systems such as “WHR +
international business structure. We are transitioning from traditional engineering contracting toward an ICO model,
PV +Storage”
extending from the building materials field to diversified directions such as clean energy and green industrial system
solutions, accelerating the construction of a new international green development ecosystem. • The Zambia Maamba 100 MW PV project commenced construction, laying the foundation
Africa
for the Company's new energy business to deepen its presence in Africa.
• Extend the business chain to provide long-term operation and maintenance services for
strategic partners.
Deepening regional layout, expanding a diversified cooperative ecosystem.
• Strengthening cooperation with Everbright Environment, CAMCE, and SUS Environment,
The Company deeply cultivates target national markets, integrates into local energy transformation and securing all waste-to-energy equipment supply projects in Uzbekistan, setting a new
industrial upgrading plans, and continuously deepens government-enterprise partnerships. While strengthening record for Chinese efficient low-carbon thermal equipment in the Central Asian market.
external cooperation, we continuously improve internal synergy mechanisms to promote efficient linkage among • Signed multiple key cooperation agreements with Uzkimyosanoat (Uzbekistan State Joint
design, equipment, engineering, and other entities. Using the construction of physical regional business centers Stock Company) and Karakalpakstan Building Materials Company, covering green energy
as a lever, we systematically drive the transformation of overseas business from "Scattered Operations" to Central Asia and building materials.
"Regional Cultivation." Currently, a business center layout covering Southeast Asia, the Middle East, Africa, and • The “Uzbekistan Navoiy Fertilizer Plant Green and Low-Carbon Project” has been
Central Asia has been initially formed, dedicated to creating a new international cooperation ecosystem involving reported multiple times bymainstream media in Uzbekistan and other countries, becoming
multiple parties and integrated industrial chains. a model for green energy cooperation under the“Belt and Road” Initiative.
Responsibility Feature
Consolidating dominant businesses, vigorously expanding new business areas. CASE Zambia Zero-external-electricity Industrial Park Project
The First Overseas "Zero Electricity Purchase" Integrated Energy Demonstration Project
The Company adheres to the development idea of "Stabilizing Incremental Volume and Expanding Growth,"
promoting the synergistic development of various business sectors. In terms of Engineering Services, the At the beginning of 2025, Sinoma EC launched the
Company has successively signed several key "WHR+" projects in countries such as Vietnam, Thailand, Malaysia, Zambia Zero-external-electricity Industrial Park Project,
and Kenya, assisting the green transformation of local high-energy-consuming industries. The Uzbekistan INNO constructing a 39.5MW complementary WHR and PV
PANEL fiber cement board production line project was officially put into operation, providing high-performance integrated power station with a total investment of
approximately RMB 240 million. Upon completion, the
green building material support for infrastructure construction along the "Belt and Road." In Equipment
project will meet about 70% of the park's electricity
Manufacturing, the Company seized the rapid growth opportunities in the waste-to-energy markets in Central
demand, supplying approximately 110 million kWh of
Asia and Southeast Asia, signing orders for 13 ultra-high pressure waste incineration boilers in Uzbekistan, green electricity annually. This will effectively reduce
achieving a milestone breakthrough in the Central Asian market. We also completed the R&D of 12 industrial power costs, alleviate regional power shortages,
refuse-derived fuel (RDF) waste incineration boilers for Thailand, providing Sinoma technical solutions for reduce environmental pollution, and enhance the
industrial solid waste treatment in Southeast Asia. park's green competitiveness.
Optimizing business structure, creating new models for green development. 110 million kWh, annual
Expected Environmental Benefits: Annual average power generation of approximately
saving of approximately 32,800 tce, and annual reduction of approximately 89,500 tons of CO emissions.
Building on its strengths in waste heat and residual pressure utilisation and equipment manufacturing, the
Company has focused on clean energy as its primary strategic direction, adhered to the dual-driven and
coordinated development of investment and construction together with engineering services, and continuously
Deepening International Exchanges
optimised its global business layout and core capability structure. In 2025, the Company achieved remarkable
results and multiple breakthroughs in the implementation of strategic clean energy projects, and its international
green development footprint continued to expand. A number of benchmark green energy projects, including the
green and low-carbon project of the Navoiy Fertilizer Plant in Uzbekistan, the Zambia zero-external-electricity
industrial park project, and the Maamba 100 MW photovoltaic power generation project, were successively The Company consistently adheres to the principle of "Extensive Consultation, Joint Contribution, and Shared Benefits."
launched, strongly promoting the transformation of its overseas business towards lower carbon intensity, greater Seizing major international exchange opportunities such as the Shanghai Cooperation Organization (SCO) Summit,
scale and higher-end development, and further consolidating the Company’s comprehensive competitive it leverages high-level mutual visits as the core driver and strategic alignment as the vital link. In key "Belt and Road"
advantages and sustainable development foundation in the international market. regions — including Central Asia, Southeast Asia, and Africa, it has established a multi-tiered, broad-spectrum, and
high-level international cooperation network. By transforming international cooperation resources into development
momentum, it has solidified the foundation of mutual trust for the in-depth advancement of its international
operations.
CASE The Navoi Nitrogen Fertilizer Plant in Uzbekistan
CASE Consolidating SCO Consensus, Empowering Green Cooperation
The First Large-scale Overseas Integrated PV and Storage Energy Demonstration Project
Sinoma EC successfully launched the "300MW PV
+ 75MW Storage" green energy project for the During the 2025 SCO Summit, Sinoma EC actively engaged
Navoi Nitrogen Plant. With a total investment with government departments and customers of countries
of approximately RMB 1.36 billion, the project such as Uzbekistan and Myanmar, achieving significant
provides stable and clean power for the plant. Upon progress in the advancement of key cooperation projects
completion, the project will significantly reduce and the translation of consensus into results.
electricity costs, optimize the energy structure, and
Mr. Meng Qinglin, Chairman of the Company, accompanied
become a landmark achievement of the Company
Mr. Zhou Yuxian, Chairman of the Group, to meet with
green energy cooperation under the "Belt and
the President of Uzbekistan, as well as the Deputy Prime
Road" Initiative.
Minister and the Minister of Energy, reaching consensus
on multi-field cooperation and the implementation of
key projects. Liu Xin, President of the Company, attended
and spoke at the China Myanmar Economic Cooperation
Expected Environmental Benefits: Annual average power generation of 704 GWh, annual saving of approximately and Development Promotion Association, contributing to
energy cooperation between Myanmar and China.
Responsibility Feature
The Company leverages cooperation and exchange to
expand its international development space. Chairman
Meng Qinglin led a delegation to Zambia to attend the
groundbreaking ceremony for the Maamba 100MW PV
The Company establishes multicultural communication platforms
power generation project; held talks with the Minister
across its overseas institutions, fostering cultural integration
of Finance of Lesotho on new energy projects; signed a
between Chinese and foreign employees through diverse activities
Memorandum of Understanding (MoU) on green energy such as football matches, International Women's Day celebrations,
services with the eco-factory service company under and Mid-Autumn Festival symposiums in Nigeria. Furthermore,
SCG; and reached multiple cooperation agreements with by providing essential living supplies to local staff during major
Uzkimyosanoat (Uzbekistan State Joint Stock Company) festivals, the Company delivers humanistic care to consistently
covering clean energy, energy-saving renovation, enhance their sense of belonging. Deepening cross-cultural
and equipment upgrading, continuously improving exchange and emotional
the international business layout and industrial chain Attending the groundbreaking ceremony of the Zambia connection
cooperation ecosystem. Maamba Project
NMNC continues to promote the
green upgrading of the plant area
and surrounding infrastructure,
improving the environmental
Holding an International Women's Day symposium management system. By optimizing
o p e ra t i o n m a n a g e m e n t a n d
technical measures, the Company
reduces environmental impacts
Meeting with the Minister of Finance in the Government of Signing a Memorandum of Understanding with The Siam
during project implementation,
Lesotho Cement Public Company Ltd
promoting green development in
project locations.
Empowering Local Development
The Company emphasizes both "Going Global" and "Integrating Locally," focusing on establishing long-term mutual
trust with local societies, communities, and employees, actively fulfilling social responsibilities, and promoting
livelihood integration and cultural exchange.
During the Reporting Period, the Company Organizing Football Matches Practicing green
responsibility
leveraged its overseas business to create over
We provided localized employees with
specialized technical and management
training for hundreds of localized employees,
and established a commendation
Empowering local
mechanism for outstanding local staff to
incentivize talent development. Furthermore, Addressing critical livelihood challenges, NMNC provides free drinking water to surrounding
economic development by deepening collaboration with dozens villagers, effectively improving local living conditions. Meanwhile, Solid WHR Company in the
and talent growth. of local enterprises, the Company has built Philippines has made multiple social donations to local communities, fire departments, and
stable partnerships that drive the vitality and Commendation for Outstanding Local Staff the Department of Environment and Natural Resources, actively supporting the construction
sustainable growth of local economies.
Caring for community and enhancement of the local public service system.
development
Solid Action to Strengthen
the Foundation for
Development
Sinoma EC takes modern corporate governance as its
cornerstone, integrating standardized decision-making,
compliant operations, and risk prevention and control
into the entire process of corporate development. By
continuously modernizing its governance system and
capabilities, the Company provides a solid guarantee for
serving the national green development strategy and
achieving high-quality sustainable development.
Key Topics
·Corporate Governance
·Anti-monopoly and Fair Competition
·Compliant Operations and Risk Management
Aligning with the United Nations Sustainable Development Goals
Improving Corporate Governance Investor Relations Management
The Company strictly follows laws and regulations such as the Measures for the Administration of Information Disclosure by
Listed Companies, the Rules Governing the Listing of Stocks on Shanghai Stock Exchange, and the Work Guidelines for the
Governance The Company strictly abides by relevant laws, regulations, and normative documents, including Investor Relations Management of Listed Companies (2025 Revision) . We continuously optimize our information disclosure
System
the Company Law of the People's Republic of China , the Securities Law of the People's Republic management systems and mechanisms to effectively protect the legitimate rights and interests of all shareholders, especially
of China , the Measures for the Administration of Information Disclosure by Listed Companies , minority investors.
Development
and the Rules Governing the Listing of Stocks on Shanghai Stock Exchange . We continuously The Company has formulated the "Investor Relations Management System," "Reception System for Investor Visits," and the
improve our corporate governance structure and dynamically optimize the lists of matters and "Working System for Handling Investor Complaints," clarifying the workflow of investor relations management to ensure
procedures for the "Three Meetings" to ensure each governance body is scientifically positioned, investors' right to know and vote on major matters. In 2025, the Company responded to over 50 investor inquiries through the
performs its duties precisely, and operates efficiently. We have systematically revised the "Articles SSE E-Interaction platform, telephone, and other channels. Throughout the year, we organized 4 performance briefings for
of Association," "Rules of Procedure for Shareholders' Meetings," "Rules of Procedure for Board periodic reports, disclosed 55 announcements, and actively participated in the Collective Reception Day for Investors of Listed
Meetings," and the "Working System for Independent Directors," and formulated the "Management Companies in the Tianjin Jurisdiction and the Group's collective performance briefings for listed companies. We proactively
System for Director Resignation" to continuously enhance standardized operations and demonstrated our operating results and development trends, striving to maintain our integrity and positive image in the capital
governance efficiency. market.
As of the end of the Reporting Period, the Company has achieved cumulative dividends of nearly RMB 460 million. In 2025, the
Corporate Governance Structure cash dividend ratio increased to 40.15%, continuing to return investment value to shareholders.
Normalized Management Mechanism for Investor Relations
Top-level
Shareholders' Meeting Support
Strategy and Investment Committee The Chairman of the Board and the President attended the performance briefing, providing
detailed introductions to the Company's development strategy and operations, and offered
authoritative interpretations of investor questions.
Audit Committee
Board of Directors Secretary of the Board
Nomination Committee Pre-meeting
Preparation
Board Secretary's Office
Remuneration and Assessment Committee Management Team The Company collected investor concerns in advance. Specialized research was conducted with
relevant functional departments and member enterprises, and responses were reviewed and
approved by responsible leaders.
The Company continuously promotes the diversification of board membership, optimizing the composition in terms of
professional background, industry experience, and gender. Members cover multiple professional fields such as engineering
technology, financial management, and legal compliance, forming a complementary and synergistic decision-making Innovative
mechanism. This effectively enables the Board of Directors to play its role in strategic planning, risk management, and Presentation
sustainability. As of the end of the Reporting Period, the Board of Directors consists of 8 directors, including 3 independent After disclosing the annual report, the Company promptly released "Annual Report at a Glance"
directors. In 2025, the Company held 9 board meetings and organized more than 10 training sessions for directors and senior graphics on its official WeChat account and website to present the year's operating performance
management to continuously improve their performance capabilities and governance levels. to investors.
Normalized
Communication
The Company responded promptly to investor enquiries through various channels such as the
Meetings of Special Committees Shareholders' Meetings Board Meetings
SSE E-Interaction platform and telephone calls, organised performance briefings for periodic
of the Board Held Held
reports, actively participated in the collective investor reception day for listed companies in the
Tianjin jurisdiction and the collective performance briefing for the Group’s listed companies, and
promoted regular communication between the Company and investors.
Strengthening Compliance and Risk Control
Governance Sinoma EC continues to advance the construction of its compliance and risk control management
system. We have formulated management systems such as the "Compliance Management
System," "Internal Control Management System," and the "Risk Management Measures," along
with detailed rules like the "Working Guidelines" for Compliance Evaluation, striving to enhance
the Company's level of law-based governance and compliant operations to provide a solid legal
guarantee for high-quality development.
Under the leadership of the Party Committee, with the Board of Directors making overall decisions
and the Management organizing implementation, the Company has established a Compliance
Management Committee and appointed a Chief Compliance Officer (CCO). The Legal and Tax Policy Training for Central Enterprises Risk Management and Negotiation Training for
Compliance Department leads the compliance management work, forming a governance International EPC Contracts
structure with clear responsibilities and efficient synergy.
Centering on key areas such as overseas operations, business partner management, and investment management, the
Strategy The Company adheres to "Risk Prevention and Compliance Promotion," maintaining bottom- Company has formulated and implemented special compliance management systems and guidelines, embedding compliance
line thinking and integrating compliant development and risk control throughout the entire requirements into business processes and decision-making. The Company continues to promote the construction of a "Four-
process. Regarding operating mechanisms, we incorporate compliance management into the in-One" integrated compliance and risk control mechanism—linking legal affairs, risk management, internal control, and
comprehensive risk management system, implementing closed-loop management across compliance management. Through compliance reviews, risk alerts, process controls, and targeted remediation efforts, risk
risk identification, assessment, compliance review, supervision, inspection, and accountability prevention requirements are embedded throughout the entire business management process. This approach effectively
rectification. Compliance reviews are conducted for major decisions, important contracts, and key enhances risk prevention capabilities and compliance governance standards in key areas.
businesses to strengthen risk prevention in key areas. During the reporting period, the company routinely conducted risk assessments for overseas operations, strengthened risk
prevention and control in key areas and vulnerable links, and maintained high sensitivity to high-incidence and latent risks. The
Company Management Department organized relevant departments to carry out supplier evaluations, effectively preventing
supply chain risks from entering the system. Full coverage of compliance evaluations was achieved for key member enterprises,
driving the implementation of corrective actions with a completion rate exceeding 90%, and continuously promoting the
optimization and upgrading of the management system.
◎ Strengthening Audit Supervision
The Company has formulated and released systems such as the "Internal Audit Management System" "Internal Audit Work
Management of Impacts, Risks, and Opportunities
Specifications," and the "Management Measures for Audit Rectification" to ensure the comprehensiveness and integrity of the
audit systems for the Company and its member enterprises. The newly added "Administrative Measures for Overseas Auditing
(Trial) ," strengthens the supervision and management of overseas entities. The Company continues to reinforce its audit
◎ Comprehensive Risk Management
supervision functions, taking internal audit as a key lever for improving corporate governance and preventing major risks.
The Company has established and improved an audit result reporting and rectification tracking mechanism, ensuring timely
reporting of audit findings to drive problem rectification and the fulfillment of responsibilities. During the Reporting Period, the
The Company has established a comprehensive risk management system referencing the COSO Enterprise Risk Management
Company systematically conducted audit and supervision work centered on key areas and critical links, completing 27 audit
(ERM) Framework, constructing a "Three Lines of Defense" risk control mechanism. This forms a closed-loop management
projects of various types throughout the year, effectively solidifying the foundation for internal control and risk prevention.
process covering risk identification and assessment, major risk response, monitoring and improvement, and summary
reporting, thereby continuously enhancing the Company's risk prevention and governance capabilities. The Company regularly
conducts annual major risk assessments, strictly implements quarterly risk monitoring, and organizes risk screenings in key
◎ Tax Compliance
areas to promote the deep integration of risk management and business management.
The Company attaches great importance to tax compliance and tax risk management, regarding law-based tax payment and
◎ Internal Control and Compliance Management
steady operation as vital components of corporate governance. By standardizing accounting, strengthening R&D management,
and conducting continuous training, we have systematically enhanced our tax compliance level and the capacity building of
relevant professionals. During the reporting period, the Company paid taxes of RMB 157 million, a year-on-year increase of
Building on the establishment of the “Comprehensive Compliance” system, the Company uses evaluation, review and rectification 50.96% compared with RMB 104 million in 2024. It also powerfully demonstrates the Company's responsibility and commitment
as a lever to systematically build a synergistic mechanism for the “Three Lists” covering risk identification, position responsibilities to paying taxes in accordance with the law and in good faith, taking initiative and responsibility, and actively serving the local
and process control, continuously solidifying the foundation of compliance management. We actively conduct special compliance economic and social development.
training to strengthen the awareness of law-based and compliant operations among all employees, creating a positive atmosphere
of “Knowing, Abiding By, and Performing Duties in Compliance with Regulations.”
Metrics and The Company aims to enhance its capability for law-based and compliant operations as
Upholding Business Ethics
Targets
well as its level of compliance risk prevention and control, continuously strengthening the
construction of the compliance management system and compliance culture. During the
Anti-monopoly and Fair Competition
Reporting Period, the Company organized 15 special training sessions on law-abiding and
compliance, covering 395 person-times and achieving full coverage of compliance training
for personnel in core positions. The company's achievements in fostering a compliance
culture have been recognized as a "2025 Typical Case of Corporate Integrity Management" by
the China Enterprise Reform and Development Society. The Company attaches great importance to anti-monopoly compliance and fair competition management, strictly abiding by
the Anti-monopoly Law of the People's Republic of China , and systematically embedding requirements for anti-monopoly and
prevention of unfair competition into the compliance management system. We have improved the "Compliance Manual," clarifying
anti-monopoly principles, prohibited behavior lists, and risk control requirements for both domestic and overseas scenarios. We
continue to strengthen the identification and prevention of risks such as monopolistic agreements, unfair competition, and abuse of
Number of Compliance Training Sessions Conducted Compliance Training Performance dominant market position, promoting the construction of a fair and orderly market competition environment.
During the Reporting Period, the Company actively carried out anti-monopoly compliance training and promotion. We
Times Person-Times organized management and key personnel to attend special training and legal lectures to systematically study the practical
points, risk identification, preventive measures, and typical cases of the Anti-monopoly Law of the People's Republic of China ,
continuously enhancing employees' understanding and execution of anti-monopoly compliance requirements.
Ecological Beauty
Sinoma EC fully aligns itself with the national "Dual Carbon"
strategy, taking green and low-carbon development as
its core theme. The Company systematically advances
its clean energy layout, the application of energy-saving
and environmental protection technologies, and green
operations management. By continuously enhancing
environmental governance capabilities and resource
utilization efficiency, the Company actively leads the
industry's green transformation and upgrading, effectively
discharging its ecological responsibilities as a central SOE.
Key Topics
· Environmental Management
· Green Products and Services
· Pollutant and Waste Management
· Energy and Resource Management
· Climate Change Tackling
· Ecological and Environmental Protection
Aligning with the United Nations Sustainable Development Goals
Climate Change Tackling Risks/Opportunities Category Risk/Opportunities Description Response Strategy
• Develop emergency response plans for extreme
weather events (typhoons, torrential rains, blizzards,
Governance
· Production operations disrupted or etc.) or natural disasters.
safety incidents occurring due to • Interconnect with the urban management information
Acute extreme weather (typhoons, torrential platform to enhance the timeliness of information
ra i n s , b l i z z a r d s , e t c . ) o r n a t u ra l acquisition, enabling early prediction of extreme
Sinoma EC has established a climate change governance system with a clear hierarchy and well-defined responsibilities,
disasters. weather or natural disasters and facilitating rational
strengthening the overall guidance of top-level design for "Dual Carbon" work and climate risk control. The Company has set up
management, risk mitigation, and the evacuation of
a "Dual Carbon" Work Leading Group as the core body for coordinating climate change and "Dual Carbon" affairs. The Chairman personnel and materials.
Physical
serves as the group leader, with the President and Vice President as deputy leaders, and heads of core business departments
Risks
and subsidiaries as members. This group forms a synergistic mechanism with the Ecological and Environmental Protection • Global warming will cause sea levels to
• Site selection, planning, and design for new projects
Management Committee, building a solid foundation for climate governance through collaborative division of labor. The Safety rise, along with persistent heatwaves,
must account for sea level rise impacts.
and Environmental Protection Department, acting as the daily management department for both bodies, is responsible for the droughts, and wildfires, increasing
execution, coordination, supervision, and data aggregation of climate change-related work, fully implementing strategies for the frequency of natural disasters and • Continuously monitor sea level rise trends.
Chronic
leading to water shortages. This may
energy conservation, ecological protection, and "Dual Carbon" initiatives. • Implement water-saving equipment upgrades
disrupt the normal operation of company
to enhance water recycling rates and resource
To promote the response to climate change and the implementation of "Dual Carbon" goals, the Company continuously facilities and equipment, impacting
utilization.
production efficiency.
strengthens institutional safeguard mechanisms, incorporating "Dual Carbon" into the "Management and Control Procedures
for Energy Conservation and Ecological Environmental Protection," and including carbon reduction achievements in the annual
performance appraisals of its subsidiaries. In 2010, Sinoma EC joined the Wuhan Energy Conservation Association, the first
• Regulatory bodies and capital market
carbon reduction alliance organization in China, leveraging the platform to connect with industry resources and engage in ra t i n g i n d i c e s a r e c o n t i n u o u s l y
• Regularly monitor relevant regulations and policies
carbon reduction exchanges, which laid the foundation for the construction of the Company's climate governance capabilities. Policy and raising requirements for corporate
to promptly optimize internal rules and workflows,
environmental information disclosure.
Legal ensuring compliance with—or even exceeding—
Failure to disclose environmental
regulatory requirements.
Strategy
information as required may expose
companies to compliance risks.
Risks • Under the "Dual Carbon" goals,
strengthening low-carbon technological
The Company fully integrates the concepts of energy conservation and carbon reduction into the entire process of production • Target strategic emerging industries by increasing
innovation has become an inevitable
and operation. Centered on the "Dual Control" targets of total carbon emissions and intensity, it systematically promotes R&D investment and industrial cultivation. Through
path for the company. However, this
energy structure optimization and the upgrading of key processes. The Company effectively transforms green development technological innovation and product iteration,
Technology will also bring economic pressures
develop high-value-added products, with a focus on
requirements under the guidance of the "Dual Carbon" strategy into concrete actions, injecting a systematic driving force into in the shor t term due to new R&D
energy-saving equipment, new materials equipment,
the acceleration of its comprehensive green transformation and sustainable high-quality development. investments, the commercialization of
and new energy storage equipment.
new achievements, and the promotion
Facing the global trend of green and low-carbon development, the Company remains driven by technological innovation, of new technologies.
supported by industrial synergy, and guided by green development. It actively promotes the efficient utilization of energy and Transition • The "Dual Carbon" goals are driving
the green upgrading of industrial structures, fully leveraging the foundational and supporting roles of its energy-saving and Risks sustained growth in market demand
carbon-reduction technologies and services in driving the green and low-carbon transition. By continuously strengthening for energy-saving and environmental • Intensify technological breakthroughs around
its technological leadership, industrial driving force, and industry influence in the field of carbon reduction, the Company protection industries. As more players key green applications, developing eco-friendly
contributes Sinoma EC's strength to global sustainable development. enter the field, the company faces technologies and products to meet market demands.
Market heightened competition risks.
• Continuously monitor environmental and climate-
• Any adverse environmental or climate related public sentiment, proactively engage
Management of Impacts, Risks, and Opportunities
change practices or delayed responses stakeholders in communication, and enhance
may damage the company's reputation, information disclosure.
leading to investor and customer attrition
that could adversely impact operations.
Climate risk has long become a core consideration for enterprises in formulating long-term strategies and conducting daily
operations. In recent years, climate change has intensified, with extreme weather events such as hurricanes, floods, and • As climate and sustainability issues • Accelerate the company's green and low-carbon
droughts, sea-level rise, ecosystem changes, and increasingly stringent environmental regulations, affecting corporate gain prominence, stakeholders transformation to enhance the climate resilience and
sustainable development. are increasingly focused on green mitigation benefits of its operations.
Reputation manufacturing and climate change.
As an industry-leading comprehensive green energy and environmental protection service provider, the Company firmly Failure to promptly address stakeholder • Develop contingency plans for environmental
implements the "Dual Carbon" goals. We persist in accurately identifying the risks and opportunities brought by climate expectations may expose the company emergencies to strengthen emergency response
to reputational risks. capabilities.
change—from physical risks and transition risks to market opportunities—and actively formulate response strategies, taking
corresponding measures to mitigate potential impacts.
Risks/Opportunities
Risk/Opportunities Description Response Strategy Metrics and Centering on the "Dual Carbon" strategic goals, the Company continuously improves
Targets
Category its energy and GHG emission management indicator system. By incorporating key
• Actively pursuing wastewater and waste recycling, vigorously environmental performance indicators into annual business management and responsibility
developing a circular economy, and reducing the consumption of assessments, the Company drives the multi-level implementation of energy-saving and
natural resources. emission-reduction targets while regularly tracking and evaluating performance results.
• Implement energy-saving upgrades in production operations,
continuously enhance WHR and cascading utilization, optimize
energy system operations and management models, improve As of the end of 2025, the Company successfully achieved its core environmental and climate-related targets:
• Promoting energy conservation and comprehensive energy efficiency, and reduce fossil fuel
consumption reduction through consumption and GHG emissions.
Resource
Efficiency
enhanced energy and resource
utilization efficiency helps lower the
• Creating low-carbon office and production environments. The The comprehensive energy consumption per unit of calcium silicate board substrate was 75.01 kgce/m , representing a
company's operational costs.
headquarters building utilizes a ground-source heat pump heating
system to reduce greenhouse gas and waste heat emissions,
improving environmental quality and lowering pollution control
costs. Additionally, the factories of Wanda Power and Sinoma CO2 emissions per RMB 10,000 output value for calcium silicate board substrates was 0.93 tons, a year-on-year decrease
Chizhou have implemented PV projects, achieving an average
annual self-generated and self-consumed electricity volume of
of 10.98%.
over 2 million kWh over the past three years, significantly driving
green office and green production initiatives. Fresh water consumption dropped to 1.07 tons/RMB 10,000 of output value, representing a year-on-year reduction of
• Enhancing the propor tion of renewable energy used in
manufacturing and office operations will further reduce operational
• Increasing the use of clean energy, GHG emissions and strengthen the carbon competitiveness of the
including the development and company's products and services. Regarding GHG emission management, the Company conducted a comprehensive calculation of Scope 1 and Scope 2
Energy
utilization of solar and biomass energy, emissions and promoted emission reduction actions with the phased goals of reducing total energy consumption and total
Sources can effectively reduce the company's • Explore fuel substitution pathways in building materials production
carbon emissions. During the Reporting Period, the Company's total comprehensive energy consumption decreased by 1.52%
future production costs. by integrating low-carbon construction technologies and
industrialization projects, advancing research on new energy year-on-year, and total CO2 emissions decreased by 15.16%, achieving the "Dual Reduction" targets. Total GHG emissions
dropped to 21,675.24 tCO2e, a decrease of 3,872 tons year-on-year, demonstrating significant overall emission reduction
Opportunities
applications in manufacturing processes.
results.
• Continuously expand into the clean energy and environmental
• Driven by government advocacy protection sectors, including biomass power generation,
and carbon neutrality commitments, photovoltaic power generation, geothermal energy utilization,
con sumer s increasingly prioritize and energy storage. Provide clients with diversified, reliable, and 2025
green and environmentally friendly efficient clean energy engineering services, high-efficiency low-
Products
considerations in purchasing decisions. carbon thermal equipment, and building energy-saving materials.
and Services The company's energy-efficient, eco-
f r i e n d ly p ro d u c t s a n d i n n ova t i v e • Advance the development of a clean energy operations and
maintenance management platform, while continuing to promote Scope 1 GHG Emissions Scope 2 GHG Emissions
solutions address emerging market
demands, creating growth opportunities. the application of the engineering management project platform
• Against the backdrop of intensifying
in construction projects.
GHG 6,238.87 tCO e 2 15,436.37 tCO e 2
global climate change and mounting Emission
Category
pressure to reduce GHG emissions,
governments worldwide have
successively set carbon neutrality targets,
Total GHG Emissions (Scope 1 + Scope 2 Emissions)
• Centering on global carbon neutrality goals, focusing on the three
accelerating efforts to optimize energy
core businesses of Clean Energy, Engineering & Equipment, and
Market structures and drive green, low-carbon
Building Energy-saving Materials, and actively advancing energy 2
industrial transformation. Continued
conservation and carbon reduction.
policy reinforcement is propelling the
rapid development of the clean energy
sector, presenting significant strategic
opportunities for the company's core
business growth.
• Conducting research on climate change-
• Focusing on the green and low-carbon development strategy,
related business and fostering industry
strengthen research on climate change-related policies and
exchanges will enhance the company's
technologies, deepen industry exchanges and cooperation,
Resilience capacity to address climate risks and
advance technological and operational deployment in energy
seize climate oppor tunities, while
conservation, carbon reduction, and clean energy sectors, and
shaping a brand image committed to
enhance the company's climate change adaptation capabilities.
social responsibility.
Strict Environmental Compliance ◎ Emergency Management
The Company strictly executes the requirements of documents such as the "Regulations on the Management of Comprehensive
Emergency Response Plans." We have established and improved rapid response mechanisms for production safety accidents,
Governance Sinoma EC strictly abides by laws and regulations such as the Environmental Protection Law environmental emergencies, and various social emergencies to ensure that emergency teams can respond quickly, handle
of the People's Republic of China and the Atmospheric Pollution Prevention and Control Law efficiently, and react precisely, thereby minimizing casualties, property loss, and environmental pollution. We established
of the People's Republic of China . We have formulated institutional documents including the "Provisional Measures for Accountability for Ecological and Environmental Issues," clarifying the standards, procedures,
the "Sinoma Energy Conservation Ltd. Management Manual" "Management and Control and entities for accountability. Simultaneously, contractors are required to maintain sufficient reserves of emergency rescue
Procedures for Energy Conservation and Ecological Environmental Protection," and the equipment and supplies and organize environmental emergency drills on a regular or irregular basis.
"Ecological and Environmental Protection Responsibility System." The Company signs annual
◎ Environmental Education
responsibility statements for energy conservation and ecological environmental protection
with its subsidiaries each year, clarifying targets, responsibilities, and supervision mechanisms.
Evaluation results are incorporated into the performance management system, forming a
Focusing on the requirements of ecological protection, energy conservation, and carbon reduction, the Company systematically
closed-loop management mechanism characterized by fulfilled responsibilities, institutional
organizes policy communication and special training. The Company conducted a cumulative total of 18 targeted training
guarantees, and scientific evaluation.
sessions throughout the year, covering various departments, subsidiaries, and key personnel, with a total of over 1,200 person-
The Company has constructed a three-level ecological and environmental protection times trained.
organizational structure. The Ecological and Environmental Protection Management
Committee handles overall deployment, while the Safety and Environmental Protection
Sinoma Wuhan Carries Out a Series of Themed Energy-Saving and Environmental
CASE
Department is responsible for daily management. Units at all levels fully implement the
environmental protection responsibility system to ensure the efficient and synergistic Protection Promotion Activities
promotion of environmental protection work.
From June 23 to 29, 2025, the Safety and Environmental Protection Department of Sinoma Wuhan organized a series of
Relying on the ISO 14001 Environmental Management System, the Company promotes activities centered on the themes of "Energy Efficiency, Leading with Innovation" National Energy Saving Publicity Week
Sinoma EC ISO 14001 standardized management. As of the end of 2025, 10 member enterprises have passed the and "Carbon Pioneers, Moving Towards a Green Future" National Low Carbon Day. By releasing themed promotional
System Certification system certification. Sinoma Yichang was selected for the Hubei Provincial Green Factory list, videos and science popularization guides, the Company popularized low-carbon concepts and simultaneously
reflecting the continuous improvement in environmental compliance and green operation launched the "Low-carbon Life Starts with Me" initiative. This guided employees to practice habits such as green
levels. commuting and resource-saving office practices, transforming environmental protection concepts into tangible actions
and effectively strengthening the energy-saving and environmental awareness of all staff.
Strategy Adhering to Xi Jinping's Thought on Ecological Civilization as the fundamental principle, the
Company fully integrates ecological and environmental protection into its medium- and
Metrics and Targets
long-term development strategies. We continuously improve the environmental compliance
management system and strengthen full-chain risk prevention and control capabilities.
Centering on the general direction of "Cleaner Production, Comprehensive Governance,
Energy Conservation and Carbon Reduction, and Systematic Prevention," the Company 2025, the Company's key targets and their completion status were as follows:
focuses on promoting the modernization of environmental governance capabilities and the
systematization of supervision mechanisms, ensuring that ecological and environmental
protection permeates every stage and process of production and operation. In 2025, the Achieved "zero" environmental complaints
Company's total environmental investment amounted to RMB 3.1501 million.
No negative benchmark cases or public criticisms from energy-saving and environmental protection inspections, no
environmental emergencies, no administrative or criminal penalties, and no public opinion complaints or reports
Management of Impacts, Risks, and Opportunities
Promoting Low-Carbon Transformation
◎ Environmental Risk Control
The Company actively practices the "Dual Carbon" strategy and deeply cultivates the green energy and low-carbon business
The Company has established a dynamic environmental risk assessment mechanism to comprehensively identify potential
sector. Leveraging its leading technical strength and extensive project experience in clean energy utilization, low-carbon
environmental impacts from external factors such as laws and regulations and the natural environment, as well as internal
and environmental engineering contracting, equipment R&D and manufacturing, and green building materials R&D, the
factors including equipment, operational processes, and materials. Through systematic evaluation, various environmental
Company efficiently integrates resources across business segments—including design, supply, construction, and O&M. By
hazards and compliance risks are accurately identified. In 2025, the Company conducted normalized environmental hazard
deeply integrating with application scenarios such as industrial parks, mining areas, and urban residential zones, the Company
screenings through various methods such as self-inspection, cross-inspection, and supervisory inspection, identifying a total of
provides one-stop life-cycle solutions ranging from diagnostic planning and customized design to key equipment supply and
intelligent O&M, assisting customers in achieving energy conservation, carbon reduction, and green development.
Deepening Green Services
CASE Mafeteng Photovoltaic Power Station Project in Lesotho
◎ Clean Energy and Integrated Energy Services
Constructed by a consortium of Sinoma EC and TBEA, the Mafeteng PV Power Station is a significant outcome
The Company continuously expands green service scenarios in the clean energy field, focusing on clean energy power
of the Forum on China-Africa Cooperation between China and Lesotho, as well as Lesotho's first large-scale PV
generation, energy storage system integration, and multi-energy complementary solutions to assist industrial parks and
project. During construction, the project created over 1,000 local jobs and trained a group of professional PV
enterprises in optimizing energy structures and reducing carbon emission intensity.
engineers, enhancing local technical capabilities. Since its grid connection in April 2023, the station has generated
over 100 million kWh, effectively alleviating local power shortages and supporting local energy transformation
and structural optimization, and received international coverage from People's Daily in 2025.
Promoting During the Reporting Period, relying on benchmark projects such as Hunan Yuneng and Lopal Tech, the Company
the "WHR+" promoted "Grate Cooler Transformation + WHR Utilization" in the lithium carbonate industry. The HUME project in
multi-energy
Malaysia achieved the first joint export of the fourth-generation cement waste heat power generation technology
and geothermal technology. The Zambia zero-external-electricity industrial park project created a "WHR + PV" multi-
complementary energy complementary solution, constructing the first overseas " Zero Externally Purchased Electricity" project. The
model Ngaie project in Kenya explored a new model of integrated "WHR + Biomass" development.
CASE Taizhou 50MW Fishery-PV Complementary Power Generation Project
Sinoma Wuhan adopted a "PV power generation + fishery" 3D model in the 50MW fishery-PV complementary
project in Taizhou, Jiangsu Province, achieving synergistic development of clean energy utilization and ecological
aquaculture. Equipped with an energy storage system to enhance new energy consumption efficiency, the project
promotes intensive resource utilization and regional green transformation.
Achieving new progress in energy storage
business
Positioning in new fields of low-carbon energy The Company continues to promote the application
cycles of energy storage technologies in energy systems.
Centered on products such as solid thermal storage,
Responding to national strategies and practicing green phase-change thermal storage, and adsorption
development philosophies, the Company actively thermal storage, the Company enhances new energy
positioned itself in the field of circular utilization of consumption capabilities and the operational stability
organic polymer materials. of energy systems, providing key support for the large-
scale application of clean energy.
CASE Malaysia HUME Cement 18MW WHR Power Generation Project ◎ Energy-saving and Environmental Engineering Services
Leveraging its advantages in engineering and equipment, the Company continues to deepen its energy-saving and carbon-
Sinoma EC and HUME Cement, a subsidiary of Malaysia's Hong
reduction service capabilities, providing systematic energy-saving and environmental solutions for industries such as cement,
Leong Group, officially signed an 18MW WHR EPC contract in
metallurgy, chemicals, and new energy materials..
Kuala Lumpur. This project innovatively integrates industrial waste
heat recovery with geothermal cooling technology to provide
efficient cooling services for cement plant buildings, exploring
a new pathway for green and energy-saving development in
Sinoma EC focuses on the two core tracks of industrial energy conservation and
industrial scenarios. This “Waste Heat + Geothermal” project will
clean energy, simultaneously promoting the implementation of green energy
fill the technological gap in coupled cooling through industrial
projects at home and abroad. In 2025, a cumulative total of 21 grid-connected
waste heat and geothermal energy in Southeast Asia, providing Cultivating the Green Energy power generation projects were completed, practicing "Dual Carbon" goals
a replicable “Sinoma Solution” for energy conservation in Field, Driving Large-Scale through technological innovation and international layout.
industrial buildings across tropical regions worldwide. Project Implementation
◎ Creating Green Factories
Industrial Energy Conservation Projects
Sinoma EC actively practices the philosophy that "Lucid Waters and Lush Mountains are Invaluable Assets," implementing major
national regional strategies by positioning calcium silicate board production bases in several key regions at home and abroad.
Five projects of the Engineering Branch were successfully connected to the grid with a total
installed capacity of 46MW. Notably, the Lunan United project achieved intelligent one-button
While implementing green coverage, each plant aims for energy reduction, pollution and carbon reduction, and quality and
start/stop and unattended operation, with O&M efficiency reaching industry-leading levels. efficiency enhancement by adopting advanced and
mature full-process digital O&M production processes.
The industry-leading 1.5-generation large-capacity
intelligent slurry-flow production line has achieved over
Cultivating the Green
Clean Energy Projects ten major technical breakthroughs, including significant
Energy Field, Driving increases in single-line annual capacity, substantial
Large-Scale Project labor reductions, scientific layouts to reduce land use,
Implementation The Company has successfully connected 16 projects to the grid, with a total installed
technical upgrades of equipment, and improvements in
capacity of 322.14MW. The expansion of its clean energy power generation business has
yielded significant results, providing technical support for the regional green power supply operational efficiency and product qualification rates.
and the construction of a low-carbon energy system. These efforts reduce energy waste and lower natural
gas and electricity consumption per unit, effectively
supporting the strategic emerging calcium silicate board
industry and assisting in the green and low-carbon
transition. Sinoma EC Green Factory
Looking forward, Sinoma EC will continue to advance project reserves and development
◎ Promoting Green Building Materials
centered on the "WHR+" and clean energy fields.
In terms of regional layout, the Company will leverage "Belt and Road" development The Company continues to promote the green
opportunities to advance overseas green energy projects. We have reserved multiple Fiber-reinforced calcium silicate board passed China Green Building
upgrading of building energy-saving materials,
WHR power generation projects in markets such as the South Asia and will continue to Material Product Certification and Product Carbon Footprint Certification.
vigorously developing the calcium silicate
promote clean energy project development based on key markets in Central Asia and Africa,
board business and gradually incorporating
Expanding the
expanding the overseas green energy market space.
product carbon emission indicators into the
Diversified Market In terms of industry extension,the Company will focus on energy-saving renovation in
green building material standard system. The
Footprint, Building a high-energy-consuming industries such as cement, steel, and chemicals, and extend into
Company's calcium silicate board series products
New Pattern of Green
new fields such as new energy materials, providing cross-industry energy-saving and
environmental protection solutions. We will accelerate the rolling development and model have obtained Chinese Green Building Material
Development replication of clean energy projects like PV, providing customers with integrated solutions to Product Certification and Product Carbon Footprint
achieve the large-scale development of the clean energy business. Certification. Sinoma Qianjiang has obtained FSC
Forest Certification to standardize raw material
procurement sources and strengthen sustainable
supply chain management.
Providing Green Products
Fiber cement flat board passed China Green Building Material Product Sinoma Qianjiang passed FSC
◎ R&D of Efficient Low-Carbon Thermal Equipment
Certification and Product Carbon Footprint Certification. Forest Certification.
Wanda Power continues to build a green equipment product system, forming a development path featuring waste-heat
recovery boilers, waste incinerators, and biomass boilers, and has earned the title of "Benchmark Enterprise for Core
Equipment in China's Solid Waste Incineration Sector." The Company completed the R&D and design of the first set of 1,000 t/d
efficient clean grate waste incineration boiler solutions meeting EU standards and the first set of AOG exhaust gas waste-heat
recovery boilers solutions. It also advanced the development of key technical products such as complete sets of equipment
for compressed air energy storage heat exchange systems, providing core equipment support for the green and low-carbon
industry. Major progress was made in high-temperature and high-pressure biomass boilers, with the first set of 220 t/h units
successfully operating and achieving industry-leading NOx emission levels. Progress in integrated green hydrogen-ammonia-
methanol technology was marked by the completion of R&D for 150 t/h carbon-source biomass boilers, ensuring a stable
carbon source supply and completing key links in clean energy.
The Company is advancing the industrialization of key technologies and equipment for low-carbon calcium silicate board.
Centered on CO2 curing processes, the application of bulk industrial solid waste raw materials, and the development of
Energy Conservation
intelligent complete equipment, the Company is promote the large-scale application of green building materials.
Optimizing industrial layout
In collaboration with Wuhan University of Technology, the Company is conducting research on carbon-sequestration fiberboard
technology, enhancing CO2 absorption efficiency through innovative carbonization devices to lay a foundation for future Increasing investment in the energy-saving new materials industry and collaborating with research institutes to tackle core
technologies, driving the industrial transformation of energy-saving processes and equipment.
development.
Promoting clean energy
Green Building Materials Serving Infrastructure Construction for Major Public
CASE
Replacing fossil fuels with green and clean energy, positioning PV and WHR projects, and building intelligent energy management
Sporting Events systems to enhance energy self-sufficiency; clean energy consumption in 2025 reached 5.6253 million kWh.
Deepening digital empowerment
The Company provided Grade A fireproof calcium silicate floor panels, fireproof boards, and decorative floors
for the venues of the Asian Winter Games, covering an area of approximately 85,000 m2. The products are free of
asbestos, benzene, and other harmful substances, with fire resistance reaching the highest-Grade A standard. The Building energy O&M and Industrial Internet platforms to enhance the effectiveness of digital energy management.
project adopted dry construction techniques, allowing materials to be disassembled, reorganized, and recycled,
Researching energy-saving technologies
effectively shortening the construction period, reducing resource consumption, and supporting the low-carbon
construction of major public facilities.
Exploring fuel substitution paths within core businesses and promoting integrated multi-energy complementary solutions to drive the
intelligent implementation of energy-saving technologies.
Upgrading energy-saving equipment
Focusing on the R&D and iteration of energy-saving equipment, advancing the upgrade of special boilers and energy-storage heat
exchange equipment to enhance core competitiveness.
Resource Conservation
Advancing solid waste utilization
Promoting the comprehensive utilization of bulk solid waste such as quartz sand tailings; Sinoma Yichang recycles sanding dust to
improve resource recovery rates.
Strengthening water management
Practicing Green Operations
Improving water-saving management systems and conducting water-saving diagnoses and technical renovations; Sinoma Yichang
recycles industrial water for use in the batching process.
Optimizing water-saving processes
Management System The Wuhai Power Station carried out water-saving equipment retrofits, saving approximately 1,200 tons of water annually.
◎ Management Sinoma EC strictly follows the laws and regulations of the regions where its operations and
System
projects are located. Combining these with its actual production and operation, the Company has Simultaneously, the Company integrates green and low-carbon principles into daily production and operational management,
formulated internal management documents such as the "Management and Control Procedures treating resource conservation as a key driver for enhancing governance efficiency and advancing sustainable development.
for Energy Conservation and Ecological Environmental Protection" and the "Supervision and Through adopting energy-efficient and environmentally friendly equipment, optimizing production processes, promoting clean
Management Regulations for Energy Conservation and Ecological Environmental Protection." By energy, improving water resource utilization rates, and advocating paperless offices, the Company systematically advances
refining control requirements across all links, the Company has constructed a comprehensive green and low-carbon management while synergistically implementing cost reduction and efficiency enhancement.
energy and resource management system.
◎ Management The Company focuses on energy conservation, water conservation, electricity conservation, material
Strategy
conservation, and comprehensive resource utilization as its core drivers. Through key pathways such as Comprehensive Energy Consumption per Fresh water Total Energy
upgrading energy-efficient and environmentally friendly equipment, optimizing production processes, unit of Calcium silicate board substrate
consumption Consumption
and promoting clean energy, it is solidly advancing the implementation and effectiveness of green
production models. Deepening its commitment to the circular economy, the Company is strengthening
the resource utilization of industrial solid waste, increasing the application ratio of carbon-reducing
substitute materials, and continuously enhancing overall resource recycling efficiency.
Pollutant Emission and Management ◎ Wastewater Management
The Company strictly implements water-saving and wastewater control measures during
◎ Management System ◎ Exhaust Gas Management
its production and operation, with zero industrial wastewater discharge. During the
Reporting Period, each production unit achieved industrial water recycling through reuse
The Company and its subsidiaries strictly abide by relevant Subsidiaries such as Wanda Power and Sinoma Yichang and standardized treatment, ensuring no industrial wastewater was discharged into the Industrial
laws and regulations such as the Atmospheric Pollution have established a dual-control mechanism combining "Self- external environment. wastewater
Prevention and Control Law of the People's Republic of Monitoring + Regular Inspections." This system enables real- discharge
Wanda Power discharges treated and qualified domestic sewage into the Guanyinshan
China and the Water Pollution Prevention and Control Law
of the People's Republic of China . We have formulated the
time monitoring of waste gas treatment facility operations,
allowing for the timely identification and rectification
Sewage Treatment Plant and recycles industrial water to minimize wastewater discharge.
Sinoma Yichang strictly implements rainwater-sewage separation control measures.
"Management and Control Procedures for Energy Conservation of potential hazards to eliminate the risk of emission
All surface rainwater is discharged directly into the Ju River via dedicated storm sewer
and Ecological Environmental Protection," embedding exceedances during the process. By 2025, Wanda Power
networks and outfalls. Domestic sewage and ground wash wastewater undergo
pollution prevention requirements into the entire process of will complete the maintenance and upgrade of its VOCs
treatment in integrated underground facilities before being discharged into the Ju River
production and operation. By standardizing the configuration, monitoring equipment, further optimizing VOCs emission
at compliance levels. The discharge concentrations of chemical oxygen demand (COD),
operation, and maintenance of environmental protection monitoring and control capabilities to ensure the continuous,
suspended solids (SS), and other pollutants meet the Grade III standards of the Integrated
facilities, we continuously reduce emission risks of exhaust stable, and controllable discharge of key pollutants.
Wastewater Discharge Standard (GB8978-1996). Industrial wastewater is reclaimed through
gas, wastewater, and solid waste.
The Company sets management targets with exhaust gas a circulating water pool for reuse in the batching system, achieving full resource recycling
Under the unified leadership of the Ecological and Environmental compliance rate as the core metric, incorporating it into the and zero external discharge of industrial wastewater.
Protection Management Committee and the coordination annual Energy Conservation and Environmental Protection
◎ Noise Management
of the Safety and Environmental Protection Department, the Responsibility Agreement for assessment and management.
Company implements normalized supervision and compliance During the reporting period, the Company achieved a 100%
control over exhaust gas, wastewater, and noise management compliance rate for exhaust gas emissions, with no instances
The Company explicitly requires all departments and subsidiaries to control and reduce noise pollution, adopting targeted measures
across subsidiaries, achieving systematic environmental risk of non-compliance or related regulatory issues occurring.
such as vibration reduction, sound insulation, and silencing at noise sources to ensure that boundary noise meets standards and
prevention and continuous improvement.
prevents disturbance to the public.
In 2025, Wanda Power strengthened noise monitoring in workplaces, kept abreast of the level of noise hazards in real time,
formulated feasible preventive measures in light of actual conditions, and completed the monitoring and disclosure of workplaces
high-noise equipment such as sanders in dedicated rooms, achieving the dual effect of noise and dust reduction.
Industrial Exhaust Gas Volume
Waste Management
SO2 Emissions NOx Emissions Industrial Smoke and Dust ◎ Management The Company has formulated the "Solid Waste Management Regulations," clarifying control
System
requirements for classification, collection, storage, transportation, and disposal. A management
Industrial Dust
Leadership
The Chairman is the primary responsible person, and the Ecological and Environmental Protection Management
Committee acts as the leading body to coordinate corporate environmental work and resolve major issues.
Level
Safety and Environmental Protection Department: Supervising solid waste pollution prevention and control across
the Company, and conducting environmental protection knowledge popularization;
Management Integrated Management Department: Responsible for the full-process management of solid waste in office and
Level living areas;
Central Research Institute: Controlling solid waste from scientific research links and waste electronic products.
Each subsidiary: Bearing full-chain solid waste management responsibilities in production and operation links;
Execution
Level
Each project department and operating power station: Controlling solid waste from construction and power station
operations to ensure environmental compliance.
◎ Management The Company's solid waste is mainly categorized into two types: non-hazardous and hazardous.
Hazardous Waste
Strategies
Non-hazardous waste includes construction waste, scrap iron and steel, and welding slag, while
hazardous waste primarily consists of oily wastes such as waste motor oil and paint coating waste.
The Company adopts differentiated disposal measures for different types of waste and implements
Identification and Install hazardous waste identification signs according to regulations, establish
full-process control for hazardous waste in strict accordance with hazardous waste management
Record Management dedicated management records, and complete online reporting.
regulations.
Non-hazardous Waste
Standardized
Classify and store waste according to the Standard for Pollution Control on
Hazardous Waste Storage (GB 18597-2001), with storage periods not exceeding
Each subsidiary formulate disposal plans and complete filing, ensuring timely Storage Control
Construction waste removal and subsequent utilization or disposal according to regulations.
one year.
disposal Unauthorized dumping, scattering, or piling is strictly prohibited.
Authorized Entrust disposal to third-party entities holding valid permits, strictly implementing
Disposal: the transfer manifest system during transportation.
Comprehensive Calcium silicate board enterprises implement comprehensive utilization of certain
resource utilization non-hazardous wastes to achieve resource recovery and reuse.
Emergency Filing
Management
Non-hazardous waste is entrusted to qualified entities for removal and disposal. Develop accident response plans and complete filing procedures.
Entrusted Prior to entrustment, the contractor's qualifications and capabilities are rigorously
compliant disposal verified, and a contract is signed to clearly stipulate environmental protection
control requirements.
The Company regards waste reduction and resource utilization as important goals of environmental management,
Hazardous Waste Generated/ Non-Hazardous Waste Total Waste Recycled and
systematically advancing waste management planning centered on "Source Reduction, Classified Management, Resource
Disposed Generated Utilized
Recycling, and Compliant Disposal." During the Reporting Period, the compliant disposal rate of all types of waste reached
Empowerment through Smart
Innovation and Win-Win
Cooperation
Sinoma EC adheres to technological innovation and digital
transformation as its core driving forces. We continue to
deepen green technology R&D and intelligent applications,
collaborating with partners across the upstream and
downstream of the industrial chain to build an open and
win-win green development ecosystem. By continuously
releasing innovative momentum, we empower low-carbon
industrial transformation and the Company's high-quality
sustainable development.
Key Topics
·Product and Service Quality
·Customer Service
·Supply Chain Management
·R&D and Innovation
·Intellectual Property Rights Protection
·Information Security and Privacy Protection
Aligning with the United Nations Sustainable Development Goals
Strengthening Innovation-driven Development The "Discontinuous Residual Steam Recovery System" was successfully applied to a low-density calcium silicate board production
line for the first time. Skid-mounted heat storage devices have achieved mass production, forming a standardized and modular
equipment product system.
Governance The Company has established a sound system for scientific research management and The "Self-cleaning Coking Multi-stage Pyrolysis Technology and Equipment for Waste Plastics" was recognized as a Major Technical
achievement transformation, formulating and implementing the "Management Procedures for Equipment in the First Set (Unit) by the National Energy Administration, promoting solid waste resource utilization and the
R&D Projects," the "Regulations for R&D Project Initiation," and the "Measures for R&D Projects development of the low-carbon circular economy industry.
and Achievement Transformation Incentives." These regulate the entire process from project
initiation and implementation to acceptance and transformation. The Central Research Institute,
as the centralized department for research management, is responsible for the overall planning,
application, supervision, acceptance, and management of research projects, promoting Sinoma EC's "Complete Set of Self-cleaning Coking Multi-stage Continuous Pyrolysis Equipment for
efficient allocation of research resources and the transformation of innovative achievements. CASE Waste Plastics" included in the Fifth Batch of Major Technical Equipment in the First Set (Unit) in the
Energy Field
R&D Platform Industry Driver In 2025, the "Complete Set of Self-cleaning Coking Multi-stage Continuous Pyrolysis Equipment for Waste Plastics," jointly developed
by Sinoma EC and its partners was selected for the fifth batch of the list of Major Technical Equipment in the First Set (Unit) in the
The Company possesses a Nationally In 2025, the Company participated in the energy field. Focusing on the industry pain points of "easy coking and difficulty in large-scale application" in the chemical recycling
Recognized Enterprise Technology revision of 5 national or group standards. and thermal cracking of waste plastics, this equipment achieves efficient conversion through self-cleaning multi-stage continuous
pyrolysis and precise temperature control, coupled with a low-temperature dechlorination process to effectively reduce the pollution
Center.
risks brought by chlorine-containing plastics.
Strategy
Sinoma EC regards technological innovation as its "top priority project" and deeply integrates it
into the Company’s development strategy. The Company has undertaken a number of national key
research and development programs and made breakthroughs in several key core technologies.
Comprehensive efforts have been made in managing innovations in business models and
institutional mechanisms, safeguarding the development of new quality productive forces with
new types of relations of production. In 2025, the Company had 346 R&D employees, with an R&D
investment of RMB 117 million.
Strategic Planning for
Building core technological barriers in the fields of new energy and new materials through the dual
Technological Innovation and
drivers of independent R&D and industry-university-research collaboration.
Development of Sinoma EC
Sinoma EC's "Innovative Practice of Fourth-Generation Cement Waste Heat Recovery Power
Management of Impacts, Risks, and Opportunities CASE Generation Technology" selected as an Outstanding Case of Enterprise New Quality Productive
Forces Development
Sinoma EC adheres to strengthening the dominant position of technological innovation. Relying on the advantages of our In 2025, the "Innovative Practice of Fourth-Generation Cement Waste Heat Recovery Power Generation Technology" submitted by
national-level Enterprise Technology Center platform, we focus on the "Dual Carbon" goals, green manufacturing, and circular Sinoma EC was successfully selected as one of the "Outstanding Cases of Enterprise New Quality Productive Forces Development"
for 2025 by the China Enterprise Reform and Development Society. This technology achieved systemic breakthroughs around "high
economy. We have accelerated the pace of tackling key core technologies and the transformation of achievements, promoting
efficiency and energy saving, deep integration, and intelligent stability." It focuses on key pain points such as the efficiency and
the deep integration of technological and industrial innovation. The enhancement of independent innovation capabilities stability of waste-heat power generation in cement kilns, innovatively improving the recovery and utilization capability of medium
supports the Company's international layout and the transformation and upgrading of its business structure. and low-temperature waste heat. This promotes the
reconstruction of energy utilization models for cement
◎ Accelerating the Industrialization of Core Technologies
kilns and assists in the energy-saving and carbon-
reduction transformation and equipment renewal of
the cement industry.
The Company closely follows national strategic deployments for energy saving, carbon reduction, resource recycling, and new
This technological achievement has appeared at
industrialization, accelerating the promotion and application of advanced low-carbon technological achievements:
major domestic and international exhibitions, such as
the 28th Arab-International Cement Conference and
Exhibition and the 3rd Sinoma International Cement
The "Fourth-Generation Cement Waste Heat Recovery Power Generation Technology " was selected for the Recommended Catalogue
Green and Intelligent Development Conference, fully
of Energy-Saving and Carbon-Reduction Technologies and Equipment in the National Industrial and Information Technology Field
demonstrating the Company's technical strength and China's Four th-Generation Cement Waste Heat Recover y Power
(2025 Edition). It has achieved large-scale application in projects such as Chuzhou CUCC, Lunan CUCC, Jiangshan South Cement,
brand influence in the field of industrial energy saving Generation Technology for Cement Kilns debuted at the 28th Arab-
and the Zambia zero-external-electricity industrial park project, effectively helping the cement industry reduce consumption and
and carbon reduction. International Cement Conference and Exhibition
emissions while serving green capacity cooperation under the "Belt and Road" Initiative.
CASE Innovation in Green Building Material Technology
The calcium silicate board series products and geothermal energy
Sinoma Wuhan has deeply cultivated innovation in green building material technology and equipment upgrading, technology appeared at the national "Good House" Science and
with several core achievements reaching industrial breakthroughs: the 1.5 Generation+ technology and equipment Technology Exhibition. As the only geothermal energy development
enterprise in the exhibition area, this further enhanced brand influence and
for calcium silicate boards are progressing steadily. By integrating digital technologies such as intelligent vacuum
market competitiveness.
control and MES, the production capacity of low-density boards has increased by 40%, with green and intelligent
levels reaching industry-leading standards. The first independently developed 15,000-ton press has completed
Sinoma EC made a stunning appearance in the "Good House"
testing and entered production, supporting the large-scale supply of lightweight, high-strength, and Class A1
exhibition area with its "Healthy, Safe, Green, and High-quality"
non-combustible green calcium silicate boards. The 2.0 Generation iteration of the integrated board loosening materials
and stacking machine has successfully commenced production, significantly reducing product loss and labor
dependency, providing key support for the low-carbon transformation and intelligent upgrading of the building
materials industry.
◎ Focusing on Intellectual Property Protection
◎ Strengthening Collaborative R&D Capabilities
Sinoma EC strictly complies with laws and regulations such as the Patent Law of the People's Republic of China . We have
The Company adheres to the collaborative innovation of engineering technology and equipment manufacturing. We have improved the intellectual property management system and perfected the whole-process management mechanism for patent
systematically promoted the integrated research of the kiln-end SCR denitrification system and SP boiler, successfully solving application, transformation and application, management and use, as well as confidentiality rewards and punishments.
industry pain points such as high energy loss and large space occupation. The relevant technology has been applied for the Regulations for patent and infringement response have been formulated to standardize infringement risk identification and
first time in the Yunnan Pu'er Tianheng denitrification project, significantly improving the synergistic efficiency of energy saving dispute handling processes. By promoting the centralized procurement of intellectual property agency services, the Company
and emission reduction. has strengthened the systematization and standardization of intellectual property management, promoted the transformation
and application of innovation achievements, and continuously enhanced corporate technological innovation capabilities.
The Company has deepened industry-university-research collaborative innovation, focusing on exchanges with domestic
Focusing on the source of R&D innovation, the Company has strengthened patent retrieval and technical intelligence analysis,
universities, scientific research institutions, and key enterprises. During the reporting period, the Company further discussed
scientifically laying out independent patents, and building a protection system for the coordinated development of technological
desalination and industrial water treatment technologies with the Suzhou Research Institute for Environmental Protection of
innovation and intellectual property. Relying on the patent search system of the China National Intellectual Property Administration
Tsinghua University. We also promoted the Fourth-Generation Cement Waste Heat Recovery Power Generation Technology at
(CNIPA), we conduct patent searches and analyses in relevant technical fields to systematically identify key information such as patent
the 31st Conference on Atmospheric Environmental Science and Technology & Symposium on Atmospheric Pollution Prevention
protection scope, legal status, and rights holders. This provides support for R&D decision-making, prevents infringement risks from
and Control Technology, jointly organized by the Chinese Society for Environmental Sciences and Nankai University.
the source, and gradually forms a technical protection barrier centered on independent patents.
Metrics and
Key Tasks of Subsidiaries in 2025
The Company insists on driving green and low-carbon development through technological
Targets
innovation, continuously increasing R&D investment in core technologies and the intensity of
Wanda Power deepened its cooperation with Zhejiang University to develop a 110t/h clean utilization technology for coal
achievement transformation to constantly consolidate the technical foundation. During the reporting
chemical waste, improving combustion efficiency and reducing NOX emissions to promote technological upgrading. It developed
a biomass circulating fluidized bed gasification staged combustion boiler, and the first set (unit) of a 220t/h high-temperature period, the Company was granted 12 new invention patents and applied for 3 international patents,
and high-pressure biomass boiler successfully commenced operation. By collaborating with teams of well-known technical further improving the intellectual property layout in core areas such as energy saving and carbon
experts in the industry, the company carried out collaborative innovation around photothermal systems, optimizing technical reduction, green building materials, and clean energy. We participated in the compilation of 5
solutions and building core technological advantages. national and industry standards, leading industrial green upgrading with technical standards.
Energy Saving Wuhan and Nanjing Tech University jointly applied for the project "Preparation Technology of Radiative Cooling Several key technological achievements were recognized by the industry, with a cumulative total of
Materials Based on Solid Waste Resource Utilization" under the fifth batch of "Open Competition" projects in the building more than 10 various science and technology awards received.
materials industry, which was successfully selected. It also jointly applied for a major scientific and technological research project
in Tianjin with the Shandong Institute of Energy Science.
Advancing Digital and Intelligent Transformation
◎ Demonstrating Brand Innovation Strength
Digital and Intelligent Construction
During the reporting period, the Company won several authoritative recognitions and industry honors,
Digital Transformation
with technological innovation strength and brand influence being comprehensively enhanced: Steering Group
In 2025, Sinoma EC took "Empowering Production and Operation, Digital Transformation Working Group
Successfully rated as a "Cheetah Successfully "won" for two major national Awarded as one of the "Top 10 Enhancing Management Efficiency, and Building a Solid Safety
Digitalization / IT
Defense Line" as its key priorities to solidly advance various tasks Corporate Central Research
Enterprise" in Tianjin, with innovation scientific and technological research Enterprises in China's Boiler Industry,"
Departments of
Departments Institute
strength recognized by authorities. projects in the building materials industry, with brand strength continuing to of digital transformation. The Company established a Digital
with innovation momentum continuously manifest. Subsidiaries
Transformation Steering Group to lead digital construction work
strengthening.
across the entire organization. Management Architecture for Digital Construction
◎ Smart Factory Sinoma Chizhou, a subsidiary of the Company, successfully launched the Company's first smart Information Security Management
factory and built the first digital production MES control platform in the domestic calcium silicate
board industry, integrating five major systems: production, energy, equipment, quality, and safety & The Company attaches great importance to information security and cybersecurity governance, continuously improving the
environmental protection. The factory embeds digital technology into the entire production process, collaborative promotion mechanism for informatization construction and security management. We have formulated and
comprehensively collecting and analyzing production data to support the continuous optimization implemented systems such as the "Administrative Measures for Informatization Construction," "Administrative Measures for
of production systems. It also possesses capabilities such as digital twin, intelligent control, and Cybersecurity," and the "Administrative Measures for Computer Information Security," defining responsibilities and authority
intelligent sorting, supported by intelligent equipment including AI visual quality inspection and boundaries. Cybersecurity, data protection, terminal management, and emergency response are embedded into the life-
high-precision intelligent thickness measurement. cycle management of informatization projects, consolidating the security foundation for digital transformation.The Company
attaches great importance to the protection of customer information and data privacy, strictly follows the requirements of
◎ "AI+" Action The Company accelerated the implementation of "AI+" application scenarios, resulting in two relevant laws and regulations, standardizes the management of the entire process of customer information collection, storage,
industry-leading intelligent solutions: First, the independently developed "Quality Inspection of use and transmission, strengthens data access and permission control, actively promotes the construction of a data privacy
Calcium Silicate Boards Based on AI Vision" scheme. As the industry's first AI quality inspection protection management mechanism, and effectively ensures information security and compliant use. No customer privacy
solution, it has formed a replicable intelligent production paradigm and won first place in the leakage incidents occurred during the reporting period.
Group's Digital Excellent Applications and Best Practices. Second, Wanda Power built the "Intelligent During the reporting period, the Company solidly advanced cybersecurity and informatization work across four dimensions:
Welding System for Boiler Serpentine Tube Attachments Based on Machine Vision," which integrates daily protection, major guarantees, whole-process control, and technical upgrades. Four comprehensive security inspections
intelligent welding software, 3D vision, and line scanning technologies to achieve welding path and normalized testing were conducted throughout the year, achieving "zero accidents" in cybersecurity during major events.
planning and automatic identification of workpiece positions. After being put into operation, welding Simultaneously, we strengthened cybersecurity awareness training for employees and pushed forward special risk remediation
efficiency increased by 20% and the product qualification rate rose to 98%. Currently, both scenarios and supply chain security management to continuously improve the prevention capabilities of all staff. By optimizing network
have passed the Group's expert review and have been recommended to the MIIT to represent the architecture, upgrading protection systems, and improving data backup mechanisms, we have continuously enhanced the
Group in the selection of excellent typical corporate AI cases. stability and risk-resistance of our information systems, providing solid support for business continuity and digital operations.
Strengthening Quality Management
Honors
Governance
Sinoma EC continuously improves its quality management system covering the entire process of product R&D, manufacturing,
engineering implementation, and service delivery. The Company clarifies project quality management requirements in the
Built the industry's first secondary node "Regulations on Quality Management of Engineering Projects," embeds quality responsibilities into key business links, and
Obtained "Integration of Informatization
for Industrial Internet Identification strengthens whole-process quality supervision and continuous improvement to steadily enhance the delivery quality of
and Industrialization (Grade AA)" and
Resolution, achieving full-chain data
"DCMM Grade III" certificates products and services. As of the end of the reporting period, 11 member enterprises of the Company have obtained ISO 9001 or
interconnection and traceability
equivalent external quality management system certifications.
Subsidiaries and branches having obtained Quality Management System certification:
Sinoma Energy Conservation Ltd.
The "Industrial Internet Platform for Nantong Wanda Boiler Co., Ltd
"Research and Application of Calcium
Energy Saving and Environmental Wuhan Building Material Industry Design & Research Institute Co., Ltd
Silicate Board Quality Inspection Based
Protection Engineering" project won Sinoma Energy Conservation International Investment Co.,Ltd.
on AI Vision" was rated first in the Group's
the Innovation Achievement Award for
Digital Excellent Applications and Best Sinoma Energy Conservation (Philippines) Waste Heat Recovery Co., Inc.
Intelligent Manufacturing and Digital
Practices Sinoma (Beijing) Geothermal Energy Technology Ltd.
Transformation in the Building Materials
Industry CNBM New Material Equipment& Technology (Tianjin) Ltd.
Sinoma Industrial Energy Storage Tech (Tianjin) Co., Ltd.
Sinoma (Yichang) Energy Conservation New Materials Co., Ltd.
Sinoma (Qianjiang) Energy Conservation New Materials Co., Ltd. Quality Management System
Successfully selected, in conjunction The "2025 Excellent Integration of Sinoma Yujian (Chongqing) Energy Conservation New Material Co, Ltd. Certification (including subsidiaries and
Strategy
with the Group, as a pilot unit for Advanced Manufacturing and Modern branches in Tianjin)
the "2025 High-quality Data Set Pilot Services Application Scenario in Tianjin"
Program (Group Consortium)" of the was awarded as one of the "Top Ten
National Data Bureau Application Scenarios in Tianjin"
Guided by high-quality development, Sinoma EC focuses on enhancing management efficiency and operational quality,
continuously strengthens strategic leadership and refined management, and actively promotes management optimization and
innovative transformation. The Company continuously improves its quality management system and enhances operational
efficiency and risk control capabilities, building a solid foundation for overall quality improvement.
A+ certification, and the market recognition and reputation of brands such as "Sinoboard" and "Sinopanel" continued to improve. In
the domestic market, Wanda Power passed the recertification audit for its "Mechanical Grate Municipal Solid Waste Incineration
◎ Strengthening
Boiler" and continued to maintain its "Jiangsu Excellence" certification; Energy Saving Wuhan actively participated in high-end
Adhering to the orientation of strengthening the enterprise through quality, the Company
industry platforms such as the 2025 Wuhan Medical Fair and the national "Good House" Science and Technology Exhibition,
Quality Control
continuously improves its quality management system and reinforces whole-process
systematically demonstrating the performance advantages and green low-carbon value of calcium silicate board products,
quality control, driving quality management toward systematization, standardization, and
continuously enhancing market trust and brand credibility. In foreign markets, the Malaysia Branch won the "Active Contribution
refinement. Centering on key links such as design, procurement, manufacturing, construction,
Award" of the year from the China Enterprises Chamber of Commerce in Malaysia, setting a model for Chinese enterprises;
installation, and commissioning, the Company has built a quality management mechanism
Sinoma Wuhan deeply participated in the 24th Architecture, Interior Design & Building Materials Exhibition in Malaysia and
covering the entire project life cycle, achieving full-process integration, whole-process
appeared at the 25th AstanaBuild in Kazakhstan, continuously enhancing its brand image in the international market; NMNC
controllability, and full-chain traceability of quality management. Focusing on key equipment
has won authoritative awards in the African building materials industry for four consecutive years and won the Manufacturers
products and new technology application projects, the Company strengthens quality
Association of Nigeria Award in 2025, deeply embedding the quality reputation of "Made in China" and the corporate brand
planning, reinforces process supervision, and strictly controls the quality of key equipment to
image into the African market, significantly enhancing international brand competitiveness.
continuously improve product stability and engineering contract fulfillment capabilities.
Metrics and The Company is committed to the goal of "zero major liability accidents related to product and
Targets
service safety and quality." To this end, we continuously strengthen full-process quality control
Sound Quality Management System and safety risk prevention, ensuring reliable delivery, secure operation, and service traceability.
Continuously improving the quality management system; completed the ISO 9001 quality management system
During the reporting period, the Company did not experience any product recalls, nor did any
upgrade audit and ISO 3834 welding system supervision audit; established 22 quality optimization topics to major liability accidents occur regarding product and service safety or quality.
promote quality management standardization and continuous improvement.
Quality Management Mechanism
Promoting Proactive Quality Planning Number of Product Recalls Number of Customer Percentage of Total Products Sold or
Due to Safety Issues Complaints Shipped that Were Recalled for Safety and
Adhere to the "prevention-first" quality philosophy; conducted quality planning for key projects and "Three
New" products; completed 15 key product quality plans including those for SUS Environment and Everbright Health Reasons
Environment, moving quality control forward to the design and manufacturing stages.
Strengthening Whole-Process Quality Control
Optimizing Customer Service
Build a whole-process quality management system covering design, procurement, manufacturing,
construction, installation, commissioning, and quality assurance; quality issues are classified and managed by
design, manufacturing, construction, and commissioning, with responsible departments clearly identified to
Protection
drive closed-loop rectification.
Sinoma EC has established management regulations for engineering services, product return
of Customer
visits, and closed-loop problem handling. These measures implement continuous and effective
Deepening Quality Issue Traceability standardized control over the entire post-service process, ensuring that the engineering
Rights and
Establish a quarterly quality reporting mechanism to regularly conduct statistical analysis, trend judgment, and projects undertaken by the Company are successfully put into operation and meet the indicators
responsibility attribution for project quality issues, identifying high-frequency risk issues and driving continuous
Interests
stipulated in the contracts, thereby continuously meeting and exceeding customer expectations.
improvement.
Through the return visit mechanism, the Company timely and accurately grasps customer
needs and operational feedback, responds rapidly to resolve issues in a closed-loop manner,
Strengthening Professional Capacity Building
and continuously improves service quality and customer satisfaction, further strengthening
communication and synergy with customers.
Conduct specialized quality and technical training; deepen the study and application of domestic and
Customer
international standards such as GB, ASME, and CE to continuously enhance the professional level of quality
The Company has formulated and implemented the "Control Procedures for Customer Satisfaction
management and whole-process quality control capabilities. In 2025, two additional employees obtained
Satisfaction
European Standard DR qualifications and passed on-site audits by international customers, further enhancing Surveys" to systematically capture customer needs and feedback, continuously improve products and
quality assurance capabilities for overseas projects. services, meet and exceed customer expectations, and enhance corporate market competitiveness.
In 2025, the Company conducted customer satisfaction surveys for engineering projects, setting
evaluation dimensions such as "Satisfied," "Relatively Satisfied," "Some Issues Exist," and "Dissatisfied"
regarding on-site service performance. According to the collected statistical results, the overall
evaluation from customers for the Company's design consulting, on-site services, and equipment
◎ Enhancing The Company insists on regarding quality management as the core support for brand supply was primarily "Satisfied" or "Relatively Satisfied." Addressing the issues identified in the
Brand
building, deeply integrating brand strategy into the main line of business development to surveys, the Company conducted root-cause analyses, formulated and implemented rectification
Influence
drive the continuous enhancement of brand influence. measures, and established closed-loop management and experience accumulation to continuously
enhance the delivery quality and customer experience of subsequent projects.
CASE Wanda Power's Service Highly Recognized by Customers ◎ Supplier Management The Company adheres to the principles of "Unified Management, Dynamic
Assessment, and Promoting the Superior While Eliminating the Inferior." We
implement a supplier admission system and a hierarchical dynamic management
Wanda Power has established an efficient service response mechanism to quickly address customer demands mechanism, comprehensively evaluating suppliers across dimensions such as
and dispatched dedicated personnel to ensure service for on-site and overseas projects. Focusing on delivery and qualification and capability, performance, credit rating, and supply-demand
quality control, it has strengthened the management of production progress and component completeness, while relationships. Relying on the supplier resource management platform, we achieve
carrying out regular quality competitions and satisfaction evaluations. information sharing and whole-process management. Based on evaluation
results, suppliers are classified into different levels for differentiated management,
During the reporting period, customer delivery satisfaction increased by 5 percentage points. The Company driving the improvement of supplier capabilities.
received 3 silk banners and 5 letters of appreciation, was rated as an "Excellent Supplier" by Grandblue
Environment, and received high recognition from customers for the delivery of key projects such as Andritz SUN and
YL182 Ghana.
◎ Green Supply Chain The Company incorporates ESG factors into supplier evaluation and management
requirements. We actively promote green procurement practices and advocate
for suppliers to adopt green and simplified packaging solutions. While ensuring
product quality and transportation safety, we aim to reduce resource consumption
Enhancing Supply Chain Resilience
and environmental impact, driving the green transformation of the supply chain.
Supply Chain Sinoma EC and its subsidiaries have established and continuously improved
Supply Chain Risk The Company has established a multi-departmental synergistic and linked
Management Prevention and
procurement management systems and related institutional documents. We procurement and supply chain compliance control mechanism. We have
have also revised and improved system documents including the "Regulations strengthened the supervision and inspection of integrity risks in key procurement
System Control
on Supplier Management" and the "Procurement Control Procedures," building a stages, promoted the standardization and transparency of procurement
coordinated and efficiently operating organization and management system for processes, and reinforced contract review and performance supervision.
procurement and the supply chain. A procurement quality accountability mechanism has been implemented.
Through measures such as periodic special inspections and checklist-based
management, the Company has solidified regulatory responsibilities at all levels
and continuously enhanced the standardization level of procurement and supply
chain management.
Better Society Together
The Company insists on integrating a people-centered
orientation and sense of responsibility into ESG governance
and business practices. We continuously focus on
employee development, social well-being, and sustainable
value creation, promoting the sharing of development
achievements with employees and the public, and working
with all parties to create a more inclusive, harmonious, and
sustainable society.
Key Topics
·Employee Rights and Compliant Employment
·Employee Training and Development
·Occupational Health and Safety
·Rural Revitalization
·Public Philanthropy
Aligning with the United Nations Sustainable Development Goals
Standardizing Employee Employment 12.28%
Diverse The Company strictly abides by the Labor Law of the People's Republic of China and the
and Equal
Labor Contract Law of the People's Republic of China . We have formulated the "Administrative 12.79%
By Age Category
Measures for Employee Recruitment of Sinoma Energy Conservation Ltd." and adhere to
Employment
the principles of openness, fairness, competition, and merit-based selection for talent
recruitment. We resolutely eliminate discriminatory behavior based on nationality, gender,
age, pregnancy, or disability, explicitly prohibit the employment of minors, and strictly sign 24.12%
labor contracts with employees in accordance with the law to safeguard their legitimate 15.40%
rights and interests.
In 2025, the total number of employees was 1,813, with a continuously optimized age
structure. The proportions of employees by gender, talent type, employment type, Under 35 Years Old 36–40 Years Old 41-45 Years Old
educational level, and age are as follows: 46-50 Years Old 51-54 Years Old 55 Years of Age and Above
and Benefits
improves a compensation and benefits system that is market-competitive and internally equitable.
We uphold the concept of "Positive Incentive and Performance Priority," improving the employee
performance management process, the Company implements mechanisms such as performance
target communication, process tracking, and results feedback, and establishes appeal channels
for performance results to respond to reasonable employee requests. We have deeply carried
By Gender Category By Talent Category
out the standardized management of tenures and contractual arrangements for management
members, with 100% of management members having signed responsibility statements.
The Company attaches great importance to employees’ social security and welfare
protection, and makes full contributions to statutory social insurance and housing provident
funds, as well as enterprise annuities, for all on-duty employees, further enhancing their
long-term security. The Company has established and implemented various allowance and
subsidy policies, providing corresponding support to eligible employees and continuously
Female Male Management Professional and Technical enhancing their sense of gain, well-being, and belonging.
Skilled Personnel
Democratic The Company has established a democratic management system with the Employee
Communication
Representative Congress as the basic form, holding regular meetings to provide channels
and platforms for democratic participation, safeguarding employees' fundamental rights to
information, participation, expression, and supervision.
Simultaneously, the Company maintains smooth communication and feedback channels, setting
demands and suggestions, driving timely feedback and the implementation of improvements.
Empowering Employee Development
By Employment
By Education
Category
Category
Employee In 2025, integrating mid-to-long-term strategic goals with the current state of human
Growth
Resources Strategic Plan (2025–2030)." Focusing on key directions such as talent introduction,
cultivation, team building, as well as incentives and retention, the plan clarifies staged
goals and key measures. It systematically promotes employee capability building and talent
Full-Time Part-Time Master Degree and Above Bachelor
echelon construction, providing strong support for continuous employee growth and the
Junior College and Below
implementation of the Company's mid-to-long-term strategies.
The Company has established an employee promotion and career development mechanism oriented toward capability
Employee The Company attaches great importance to employee care and the protection of rights and interests.
Care
enhancement and performance contribution, providing clear and sustainable career paths. We insist on using job qualifications, Under the overall promotion of the Trade Union, we continuously improve our employee care and
years of service, and performance results as the core criteria for promotion. By promoting the principle of "Development Based service system.
on Performance and Positions Determined by Capability," we ensure the standardization and fairness of the promotion process
During the reporting period, the Company organized themed activities such as brisk walking and
and facilitate the continuous optimization of the talent team structure.
International Women's Day to enrich employees' cultural and sports lives and improve their physical
The Company adheres to the strategy of strengthening the enterprise through talent and continuously improves its human and mental health. During major festivals such as New Year's Day, Spring Festival, Labor Day, Dragon
resources management system. It enhances employee development, empowerment, and capability building, and is committed Boat Festival, Mid-Autumn Festival, and National Day, the Company continued "Warmth Delivery"
to cultivating a high-quality and professional talent pool. Through systematic training, job rotation, and skills enhancement, activities to effectively convey organizational care.For overseas employees in more than 10 countries
the Company continuously stimulates employees’ growth potential, fostering a group of outstanding talents with strong and regions, including Malaysia and Zambia, the Company organized an online Spring Festival
political integrity and professional expertise.A number of employees, in recognition of their outstanding performance and gathering themed "Connecting Hearts Across the Cloud to Celebrate the New Year," extending sincere
excellence, were successfully selected into the roster of skilled craftsmen of central state-owned enterprises by the State-owned greetings and festive wishes to overseas staff. In 2025, the Company extended care to 337 employees
Assets Supervision and Administration Commission of the State Council, and were honored with titles such as Model Worker of person-times, putting organizational care into practical effect.
CNBM Group, fully demonstrating the solid effectiveness of the Company’s talent development efforts and the leading role of
exemplary individuals.
Employee Adhering to the management principle of "Based on the Post, Serving the Work, and Pursuing Common
Training
Development of the Enterprise and Employees," the Company continuously improves its employee training
system. We formulated and implemented the "Administrative Measures for Employee Education and
Training of Sinoma Energy Conservation Ltd.," providing diversified learning methods including orientation,
internal training, external training, conferences, and overseas training, ensuring that employee capability
enhancement is aligned with corporate strategic development. In 2025, the Company organized 755
training sessions totaling 157,669 hours, with 26,487 person-times participants.
"Walking in Nanhu, Moving with Vitality" Staff Brisk "International Women's Day"
Walking Activity Flower Arrangement Activity
CASE Special Training on International Engineering Management Enhancement The Company is committed to enhancing employee
happiness and constantly improving care measures and
In April 2025, the Company held a three-day 2025 Special Training on International Engineering Management the office environment. In response to diverse employee
Enhancement, attended by all staff of the Engineering Branch and relevant departments of Sinoma EC. The session needs, we established the "Caring Mommy's House" to
invited 6 industry experts, including professors from the Department of Engineering Management and the Dean of improve the inclusiveness and comfort of the workplace.
the International School of Engineering Management at Tianjin University. They conducted lectures and exchanges on The Company pays close attention to employee health
six major topics: international engineering contracts, implementation and fiscal risks, procurement and supply chain, and logistics support. By conducting regular satisfaction
compliance, and claims management. This strengthened the risk prevention and contract fulfillment capabilities of surveys for the employee canteen, we optimize canteen
overseas projects, supporting the high-quality development of the Company's international business under the "Belt an online Spring Festival gathering services and food quality, strengthening nutritional balance
and Road" Initiative. themed "Connecting Hearts Across the and health orientation to continuously improve the dining
Cloud to Celebrate the New Year" experience.
Ensuring Employee Safety
Governance
The Company continuously improves its work safety governance system. We have formulated and implemented the
"Administrative Measures for Work Safety of Sinoma Energy Conservation Ltd.," clarifying the primary responsibility for work
safety to safeguard employee lives and ensure stable corporate operations. The Company has established a safety and
environmental protection management structure with clear powers and responsibilities. The Chairman and the President overall
coordinate and manage safety and environmental protection work. Heads of units at all levels fulfill their duties as the person
primarily responsible for work safety, and work safety assessment responsibility statements are signed at each level to drive the
implementation of safety and environmental protection responsibilities.
The Company actively encourages member enterprises to carry out Health, Safety, and Environment (HSE) management system
certifications or introduce third-party institutions for safety management evaluations. In 2025, 10 member enterprises passed
the ISO 45001 Occupational Health and Safety Management System certification.
Strategy The Company adheres to the policy of "Safety First, Prevention Foremost, and Comprehensive ◎ Interested Parties and Overseas ◎ Intelligent Safety
Safety Management
Governance." We incorporate work safety and occupational health management into the overall
corporate development strategy, fully promoting the transformation of the safety governance
model toward "pre-prevention, in-process control, and post-review." The Company extends occupational health and safety The Company is accelerating the intelligent construction
The Company strengthens its awareness of safety "Red Lines" and bottom-line thinking. We management requirements to subcontractors and relevant of safety management, deeply integrating digital and
continuously promote the full implementation of safety management requirements across all stakeholders. We have formulated and implemented the information-based means into the safety management
levels of subsidiaries, and subcontractors. Through assessment mechanisms, special actions, "Safety Management Regulations for Subcontractors" system. The intelligent safety systems on the production
and digital means, we continuously improve work safety governance efficiency, providing a solid to standardize their safety management behavior. The side for six entities—Wanda Power, the Energy-saving
guarantee for the high-quality development of the enterprise. Company attaches great importance to safety risks in Electromechanical Branch of Sinoma Wuhan, Sinoma
overseas projects, strictly implementing management C h i z h o u , S i n o m a Yi c h a n g , S i n o m a Q i a n j i a n g , a n d
Management of Impacts, Risks, and Opportunities
requirements for personnel abroad, and regularly conducting Sinoma Yujian—have been fully established, achieving a
video inspections and risk investigations to ensure that risks transformation and upgrade from "Post-Traceability" to "Pre-
in overseas business are controllable. Prevention."
◎ Risk Identification and Hazard Investigation
◎ Occupational Health Management ◎ Safety Education and Training
The Company continuously improves the dual prevention mechanism of safety risk hierarchical control and hazard investigation
and rectification. We have formulated and implemented the "Regulations on Hazard Source Identification, Risk Assessment, and The Company formulated the "Occupational Health and Closely combining the actual production and operation
Hierarchical Control" and the "Administrative Regulations on the Investigation and Rectification of Work Safety Accident Hazards." We Safety Management Control Procedures" to fully implement of each post, the Company carries out safety education
have solidly carried out 16 special tasks, including "Operation Thunder," "Special Rectification of Safety and Environmental Protection various occupational health tasks. In 2025, the Company and training on a normalized basis. We established a
for Construction Projects," and "Risk Assessment of Overseas Projects," to enhance the Company's safety management level. continuously improved the management mechanism "Safety and Environmental Protection Training Ledger" and
for labor protection equipment and organized special compiled the "Compilation of Typical Work Safety Accident
In reference to industry standards, the Company established a "Ledger for Major Accident Hazards" and dynamically revised the list of
investigations for such equipment. The procurement, Cases" as warning education materials for all employees.
major accident hazards. Safety expert pools were established by specialty to provide on-site professional guidance and assistance,
distribution, inspection, supervision, and scrapping of The Company innovatively adopted a combination of
improving the accuracy of frontline hazard investigations. In 2025, the Company identified 2,752 hazards of various types through
labor protection equipment are integrated into the safety "online + offline" modes to implement safety training.
self-inspection, including 15 major hazards, with a 100% rectification completion rate, effectively preventing and mitigating major
management system to ensure compliance with the During the reporting period, a total of 719 training sessions
safety risks.
Specifications for the Provision of Personal Protective were conducted, covering 22,000 person-times. The "Zero
◎ Safety
Equipment standards, preventing safety accidents caused by Violation" competition was carried out, with 143 outstanding
The Company continues to strengthen its emergency management system and standardizes
the failure, substandard quality, or improper use of protective individuals and 26 outstanding organizations selected, fully
Emergency
the management of emergency plans for work safety accidents and emergencies. We
equipment. During the reporting period, there were no new playing the role of leading by example and continuously
Management
regularly organize emergency drills for fire safety, occupational health, etc., to enhance
cases of occupational disease among employees. creating a production and operation environment where
employees' emergency response capabilities. In 2025, the Company organized 135
everyone values safety and follows regulations.
emergency drills of various types, covering 2,216 person-times, further enhancing
emergency response and coordinated disposal capabilities.
Joint Fire Emergency Drill in the Office Building
Work Safety Month Series Activities
Metrics and The Company focuses on the safety and environmental protection goals of "One Zero, Two
Targets
Fulls, Three Reductions, and Four Enhancements" to continuously improve occupational
health and safety management. In 2025, the "Work Safety Responsibility System" and
"Administrative Measures for Work Safety Assessment" were revised and released. The
implementation of work safety in units at all levels was assessed to promote the layered
transmission and effective implementation of safety responsibilities. During the reporting
period, no production safety liability accidents of serious injury or above occurred, and there
Emergency Response Drill for Electric Shock Accidents were no safety penalty incidents.
Occupational Health and Safety ◎ Implementing Diversified Assistance Practices
The Company donated RMB 1 million of “Shanjian Public Welfare” assistance funds to the China Volunteer Service Foundation. These
funds were designated to support industrial development and the improvement of people's livelihoods in designated assistance
Work Safety regions. The local area vigorously developed characteristic industries such as apple cultivation, beef cattle breeding, and small meat
skewer businesses, effectively increasing per capita income and supporting rural revitalization. Through organizing initiatives such as
Work-Related Deaths Work-Related Deaths Work-Related Injury OHS Investment
“Technology Empowerment,” industrial seminars, industry promotion, and investment promotion activities, the Company promoted
Rate Rate
the high-quality development of cultural tourism and wellness industries as well as calcium-based new materials industries in the
foundation for industrial development in these regions. The Company invested nearly RMB 200,000 in purchasing poverty alleviation
Occupational Health and Safety
products to support industrial revitalization. In addition, it carried out educational assistance programs to support the cultivation of
rural talent, benefiting nearly 400 people and continuously promoting sustainable rural development.
Medical Examination Employee Health Number of Occupational Health and
Coverage Record Coverage Rate Safety Training Sessions
Actively assumes social responsibility and solidly assists in rural revitalization. Relying on local resources and the industrial
foundation, Sinoma Wuhan assisted in the "Development of the Beef Cattle Industry," developing 2,156 beef cattle farmers in 2025.
It promoted the resource utilization of forage and the upgrading of breeding technology, built one cattle artificial insemination and
Actively participating in industry production improvement point, and improved over 1,200 beef cattle annually through cold-matching, achieving an average income increase of
safety exchanges and promoting the external RMB 2,000 per beef cattle farmer.
Achievements
sharing of safety management experience. In
research findings: mechanism with the Red Cross Society of
Zhaoyang District to provide precise help to
a monthly subsidy of RMB 500 per student.
This compassionate assistance helps
students pursue their studies with peace of
mind and improves the living conditions of
families in difficulty.
Visiting Beef Cattle Farmers Visiting Students in Need
Winning the Third Prize for Excellent Papers at the "I Speak About Safety at My Post" was published in
Actively Giving Back to Society
research paper "Research on Countermeasures for
Improving the Safety of Frontline Employees"
The Company has always regarded giving back to society and caring for communities as an important component of corporate
Fulfilling Social Responsibilities
sustainable development. We formulated and implemented the management measures for external donations, conducting
standardized management over the entire process of decision-making, implementation, and fund use for donation matters,
and continuously carrying out diversified public welfare donation activities.
Assisting Sinoma EC deeply studies and implements the spirit of General Secretary Xi Jinping's series During the reporting period, the Company invested RMB 1.1689 million in public welfare donations to support the development
Rural
of important speeches on rural revitalization. We deeply integrate the fulfillment of social of social public welfare undertakings and the improvement of people's livelihoods. The Company's overseas member
responsibilities with corporate development strategies, regarding the support for rural enterprises actively integrated into the communities where projects are located, carrying out public welfare donation activities
Revitalization
revitalization and the consolidation and expansion of achievements in poverty alleviation as centered on community development and public service needs, providing support to community organizations and relevant
important political tasks and strategic development measures. We incorporate investments government departments, and promoting local social development.
related to rural revitalization into the annual budget. Through diversified methods such as
financial donations, project cooperation, and technological empowerment, we continuously
increase the allocation of resources to the field of rural revitalization, promoting the CASE Philippine Community Public Philanthropy Services Assist in Improving Livelihoods
coordinated development of rural revitalization and the Company's core businesses.
Solid WHR Company carried out community material donation activities in San Jose City. Based on multiple on-site visits to
During the reporting period, the Company continued to deepen targeted assistance and the
understand the actual needs of residents, it distributed daily necessities to nearly 100 families in difficulty in Kilingan Village,
work of cadres stationed in villages, driving the implementation and effectiveness of assistance
effectively alleviating local living hardships. Since commencing operations in 2013, the Company has continuously carried out
measures. We dispatched excellent backbones to serve as the Deputy Head of Shitai County,
medical assistance, educational support, and other public philanthropy activities more than 40 times in total, benefiting over
Anhui Province, to carry out village-based assistance and rural revitalization-related work on a 3,000 residents and effectively promoting the integrated development of the enterprise and the local community.
full-time basis, strengthening frontline advancement and the fulfillment of responsibilities.
Outlook
Dreams may seem distant, but they can be reached through pursuit; Wishes may seem difficult, technological innovation and industrial upgrading.
but they can be fulfilled through persistence. The year 2026 marks the commencement of the
Optimize overseas operations with a global perspective, driving the coordinated expansion of core
"15th Five-Year Plan," a pivotal year for accelerating the company's high-quality development
businesses including clean energy, engineering and equipment, and energy-saving materials.
and enhancing efficiency, and a critical juncture for deepening our green transformation. With the
Deepen engagement in key regions and emerging markets, innovate business models, and deliver
boldness to forge ahead against the tide and the unwavering perseverance to act with steadfast
integrated green and low-carbon solutions. Enhance localized operations by upgrading overseas
commitment, the company will anchor its vision as a world-class integrated green energy and
entities from project execution to regional operations and value creation, achieving full-service,
environmental services provider, continuing to write new chapters of progress on the new journey
end-to-end, and comprehensive international development. We will enhance overseas market
of the new era.
operation mechanisms, continuously improve capabilities in global resource integration, market
Adhere to green and low-carbon core businesses as the driving force, coordinate the development expansion, and brand management, and leverage high-level internationalization to support
of multi-energy complementary integrated energy systems, deepen energy storage coordination global green transformation and sustainable development.
and zero-carbon scenario applications, and build integrated comprehensive energy service
Bearing "the nation's most fundamental interests" in mind and practicing our "responsibility and
capabilities. Accelerate the cross-industry and cross-sector promotion of core technologies such
commitment," The Company will anchor itself to the goal of becoming a world-class green energy
as WHR, driving the deep penetration of energy-saving and carbon-reduction technologies into
and environmental services provider, focusing on strengthening core capabilities and enhancing
high-energy-consuming industries. Advance the transformation of equipment manufacturing
core competitiveness. Adhering to the overarching principle of pursuing progress while ensuring
toward high-end, intelligent, and green production, strengthen the synergy between engineering
stability and improving quality and efficiency, we will ensure a steady and solid start to the
and equipment, and expand market opportunities through integrated advantages. Optimize
company's 15th Five-Year Plan!
the business structure of energy-saving building materials and new materials, accelerate
breakthroughs and industrialization of key technologies such as low-carbon recycling and solid
waste resource utilization, and solidify the foundation for high-quality development through
Appendix Indicator Unit 2023 2024 2025
Key Performance Indicators
Investment in Production Safety RMB 100 Million 0.12 0.12 0.13
Safety Meetings Held Times 164 16 25
◎ Economic Performance Safety Training Sessions Times 550 659 719
Production
Safety Training Performance Person-Times 13,702 16,359 22,178
Safety
Indicator Unit 2023 2024 2025
Number of Major Safety Accidents Times 0 0 0
Total Assets RMB 100 Million 54.33 51.33 66.50
Number of Emergency Drills Times 64 55 135
Revenue RMB 100 Million 30.67 23.24 37.27
Emergency Drill Performance Person-Times 1,279 1,555 2,216
Total Profit RMB 100 Million 2.03 0.23 0.40
R&D Investment RMB 100 Million 1.65 1.12 1.17
Net Profit RMB 100 Million 1.86 0.14 0.20 Technological
National Innovation Platforms Number 1 1 1
Net Profit Attributable to Shareholders of the Listed Innovation
RMB 100 Million 1.43 0.08 0.14
Company Invention Patents Granted in the Year Number 6 10 12
Taxes Paid RMB 100 Million 1.41 1.04 1.57
Asset-Liability Ratio % 53.28 52.30 63.08
◎ Environmental Performance
R&D Investment as a Percentage of Revenue % 5.39 4.82 3.13
Indicator Unit 2023 2024 2025
◎ Governance Performance Total Environmental Investment RMB 10,000 457.93 399.65 315.01
Indicator Unit 2023 2024 2025 Environmental Training Performance Person-Times 1,550 1,824 1,813
Number of Directors Persons 8 8 8
Negative Environmental Incidents Number 0 0 0
Board Meetings Held Times 8 8 9
Corporate Industrial Exhaust Gas
Meetings of Special Committees of the Board Times 12 9 14 10,000 Nm? 5,910.89 5,350.00 4,177.09
Governance Volume
Shareholders' Meetings Held Times 7 4 6
SO2 Emissions Kilogram 125.36 4,320.68 186.29
Number of Announcements Disclosed Number 60 55 55
Number of Compliance Training Sessions NOx Emissions Kilogram 3,800.47 3,613.22 2,706.23
Law-based Times 6 15 15
Conducted Emissions
Corporate
Industrial Smoke and
Governance Compliance Training Performance Person-Times 86 255 395 Kilogram 512.68 470.23 745.55
Dust
Number of anti-corruption training sessions
Times 1 1 11
conducted Industrial Dust Kilogram 4,237.12 3,850.45 6,413.03
Anti-Corruption Training Performance Person-Times 61 53 530
Anti-
corruption GHG Emissions tCO2e 33,876.17 25,546.85 21,675.24
Board Members' Anti-Corruption Training
Person-Times 3 2 30
Performance
Note: The company's hazardous waste and general industrial solid waste are entrusted to a third party for disposal.
Number of Corruption Litigation Cases Number 0 0 0
Indicator Unit 2023 2024 2025 Indicator Unit 2023 2024 2025
Natural Gas Consumption 10,000 m? 355.15 293.98 299.36 By Education Category
Gasoline Consumption Tons 19.81 16.07 18.77 Master Degree and Above % 6.00 7.00 8.45
Bachelor % 33.00 34.00 38.76
Diesel Consumption Tons 71.51 67.02 42.76
Junior College and Below % 61.00 59.00 52.79
Resource Use Electricity Consumption 10,000 kWh 4,104.33 3,319.33 3,196.96
By Age Category
Total Energy
tce 9,951.51 8,130.88 8,007.21
Consumption Under 35 Years Old % 47.00 47.00 28.38
Total Energy Intensity per
tce/RMB 10,000 0.03 0.03 0.02 36–40 Years Old % 18.00 18.00 24.12
RMB 10,000 Output Value
Fresh Water Consumption Tons 410,893.70 512,441.70 399,654.34
Note: Total energy/water consumption and GHG emissions exclude overseas data.
Employee Turnover Rates By Gender, Age, and Region
◎ Social Performance Employment Employee Turnover Rate % 2.24 2.21 8.77
By Gender Category
Indicator Unit 2023 2024 2025 Male % 1.94 1.83 6.34
Total Employees Person 1,909 1,905 1,813 Female % 0.30 0.38 2.43
Labor Contract Signing Rate % 100 100 100 By Age Category
Social Insurance Coverage % 100 100 100
Under 35 Years Old % 1.50 1.20 3.97
Percentage of Female Managers % 22.80 19.10 13.62
Average Paid Annual Leave Days Day 5 5 5
New Employees Person 134 131 127
Number of Internal Job Applicants Person 19 12 7
Employee Distribution By Gender, Talent Category, Employment Type, Education Level, and Age 51-54 Years Old % 0 0 0.33
By Gender Category 55Years of Age and Above % 0 0 0.55
Employment
Male % 79.80 80.00 80.22 By Region Category
Female % 20.20 20.00 19.78 Mainland China % 2.24 2.21 8.77
By Talent Category
Medical Examination Coverage % 100 100 100
Management % 26.20 26.00 29.69
OHS Investment RMB 10,000 439.50 398.10 295.27
Professional and Technical % 33.20 35.00 33.63
Employee Health Record Coverage Rate % 100 100 100
Skilled Personnel % 40.60 39.00 36.68 Occupational
Number of Occupational Health and Safety
By Employment Category Health and Times 550 659 719
Training Sessions
Safety
Full-Time % 100 100 100 Work-Related Deaths Person 0 0 0
Part-Time % 0 0 0
Work-Related Deaths Rate % 0 0 0
Work-Related Injury Rate % - - 0.7
Index Table The Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies—
Sustainability Report (Trial) by the Shanghai Exchange
Indicator Unit 2023 2024 2025 Dimension No. Topic Location
Number of Employee Training Sessions Times - - 755 1 Climate Change Tackling Climate Change Tackling
Person-
Employee Training Performance 11,328 13,255 26,478
Times 2 Pollutant Discharge Practicing Green Operations
Employee Training Hours Hour - - 157,669
Development Training Proportion by Employee Category
And Training 4 Ecosystem and Biodiversity Protection Not Applicable
Corporate Executives % 2.5 2.9 2.21
Environment
Management Personnel % 40.00 43.00 15.63 5 Environmental Compliance Management Strict Environmental Compliance
Professional Technicians % 41.80 42.00 45.56
Skilled Personnel % 14.00 10.60 33.98
Number of Suppliers Number 1,556 1,637 1,824
Number of Suppliers Reviewed During the 8 Circular Economy Practicing Green Operations
Number 228 81 121
Reporting Period
Supplier Percentage of Suppliers/Subcontractors
Management Certified in Quality, Environmental,
% 83 86 89
and Occupational Health and Safety Fulfilling Social Responsibilities;
Management Systems 10 Contributions to the Society
Promoting Low-Carbon Transformation
Number of Supplier Social Responsibility
Times 0 0 0 Strengthening Innovation-driven
Training Sessions 11 Innovation-driven
Number of Product Recalls Due to Safety Development
Times 0 0 0
Issues
Number of Safety-Related Defect
Number 0 0 0
Complaints
Society 13 Supply Chain Security Enhancing Supply Chain Resilience
Customer Privacy Breach Incident Number 0 0 0
Product Liability
Percentage of Total Products Sold or Equal Treatment to Small and Medium-sized No relevant incidents have occurred at
Shipped that Were Recalled for Safety and % 0 0 0 Enterprises the company.
Health Reasons Strengthening Quality Management;
Number of Customer Complaints Number 0 0 0 Optimizing Customer Service
Data Security and Customer Privacy Advancing Digital and Intelligent
Total Donations 16
Protection Transformation
(Including Rural Revitalization Assistance
RMB 10,000 101.00 102.15 116.89 Standardizing Employee Employment;
Funds and Monetary Value of Donated
Supplies) 17 Employees Empowering Employee Development;
Ensuring Employee Safety
Number of Cadres Selected for Assistance
Person 1 1 1
and Temporary Assignments 18 Due Diligence Due Diligence
Community
Number of Assistance Projects
Investment Number 1 1 1
Implemented 19 Communication with Stakeholders Stakeholder Communication
RMB 100 Sustainability-Related
Total Overseas Assets 2.68 2.24 14.32 Governance
Million
Number of Overseas Employees Person 241 256 285
Localization Rate of Employees % 12.62 13.23 15.72
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Ink: Using environmental-friendly ink to reduce air pollution
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