Environmental, Social
and Governance (ESG) Report
Goldcard Smart Group Co.,Ltd.
About This Report
The 2025 Environmental, Social and Governance (ESG) Report of Goldcard Smart Group Co., Ltd. ("the
Company") marks the twelfth consecutive year in which we have disclosed our performance in ful?lling
corporate social responsibility and advancing our sustainable development strategy. It is also the eighth
corporate sustainability report that we have released to the public.
CORPORATE SOCIAL
RESPONSIBILITY REPORTS
SUSTAINABLE
DEVELOPMENT REPORTS
ESG REPORT
Purpose of the Report Scope of the Report
This Report aims to systematically disclose our practices and Reporting Period: From 1 January 2025 to 31 December 2025.
performance in the areas of Environmental, Social and Reporting Scope: This Report covers our Group headquarters
and major controlled subsidiaries, with a focus on ESG topics
Governance (ESG) for the year 2025, respond to the concerns
closely related to our business operations, including energy
of stakeholders, including investors, customers, employees
management, technological innovation, employee rights and
a n d t h e p u b l i c , d e m o n s t ra t e o u r c o m m i t m e n t a n d welfare, supply chain responsibility management, and data
capabilities in sustainable development, and contribute to security.
building a sustainable future together. Basis for Preparation:
T h i s Re p o r t h a s b e e n p re p a re d w i t h re fe re n c e t o t h e
"Self-Regulatory Guidelines No. 17 for Companies Listed on
Shenzhen Stock Exchange — Sustainability Report (For Trial
Implementation)", the Standards issued by the Global
Reporting Initiative (GRI), and the recommendations of the
Task Force on Climate-related Financial Disclosures (TCFD).
Sources of Data Access Methods
All quantitative data in this Report are sourced from our The electronic version of this Report can be downloaded from
internal statistical systems and veri?ed by third?party the o?cial website of Goldcard Smart Group Co., Ltd.
audits, while qualitative information is obtained through (https://jinka.cn/en/), the Shenzhen Stock Exchange
management interviews and stakeholder surveys. Information Disclosure Platform, and Hudongyi (the
For ease of reference and readability,"Goldcard Smart Group Shenzhen Stock Exchange investor interaction platform).
Co., Ltd."is also referred to in this Report as "Goldcard Smart
Group,""Goldcard,""the Company," "the Group,"or"we."
CONTENTS
Corporate Pro?le 02
Corporate Culture Concept 02
Corporate Governance 03
Sustainable Development Management 04
Building a Foundation of Compliance
for Steady and Sustainable Growth
Compliance Management 09
Operating with Integrity 12
Excellence in Quality
and Sincere Service
Quality Management System 14
Quality Culture 20
Service Quality 22
Innovation-Driven Breakthroughs and
Intellectual Property Empowerment
Innovation Model 26
Research and Development Resources 27
Transformation of Results 28
Cutting-edge Innovation 29
Intellectual Property Protection 31
Carbon Reduction, Driving a Green
Future
EHS Management 35
Climate Change Response 39
Low Carbon & Energy 42
E?ciency-Environmental Protection
Ecosystem Collaboration
and Supply Chain Resilience
Supply Chain Management 45
Supply Chain Resilience 47
Responsible Supply Chain 49
Growing Together:
Our People and Our Future
Employee Hiring and Compensation 52
Policies and Implementation Status
Occupational Health and Safety Status 53
Insurance Investment and Coverage 53
Empowering Employee Development 54
through Strategic Training
Navigating the Tide of Change in 2025
In 2025, Goldcard Smart Group has delivered a performance report
written with wisdom and de?ned by commitment. This report not
only chronicles our composed progress through industry cycles but
also embodies our steadfast original aspiration to resonate with
the era and advance alongside our customers.
Resilience Breakthrough:
Product Excellence
This year, we have centered our e?orts around "Intelligence, Security,
and Autonomous Control." Through continuous technological
breakthroughs and product innovation, we have deeply empowered
resilient cities, driving the digital, secure, and e?cient transformation
of energy management.
Smart Gas: Our secure smart kitchen solution powered by NearLink
technology, reconstructs proactive protection systems through
"meter-alarm linkage" to safeguard the well-being of millions of
households;
Smart Water: Our independently developed "Intelligent Water
Supply Optimization Dispatching System" integrates IoT, Digital
Twin, and AI technologies to help more water utilities achieve intel-
ligent upgrades;
Process Measurement: The TCF series Coriolis Mass Flowmeters
have been selected for national projects, signi?cantly enhancing
our self-reliance in high-end instrumentation capabilities.
Global Smart Chain:
Manufacturing Excellence
Cumulative global shipments
of smart terminals
Over 78
million units
This year, we deeply integrated 5G, IoT, and ?exible manufacturing
technologies to build a new-generation smart manufacturing
system, achieving dual breakthroughs in production e?ciency and 5G
Empowerment
operational quality. Our Future Factory drives production through
technology and empowers entire processes with 5G, setting a new
Increased Over 99%
industry benchmark. Our agile supply chain system ensures e?cient by 30%
global delivery and value transfer while continuously empowering
localized manufacturing, services, and digital capability develop- Production Product
ment overseas. From China to our ?rst overseas production base in e?ciency quali?cation rate
Kazakhstan, our global manufacturing footprint continues to
expand and improve steadily.
Innovation-Driven:
R&D Excellence
This year, we have continued to drive innovation through technologi-
cal advancement, establishing a deeply integrated R&D system
encompassing "fundamental research, technological breakthroughs,
national projects, and frontier exploration." This approach forti?es
our long-term competitive advantage and propels the industry Intellectual Property Valid Patents: Standards and
Rights: 2,194 1,155 Speci?cations:
toward high-quality and sustainable development. 202
The project "Key Technologies and
Applications for Large-Diameter
Deeply involved in two National Key R&D Programs:
High-Pressure Natural Gas Flow
Scienti?c and Technological Progress TUS Ultrasonic TBQM Turbine Identi?cation and Control in Urban Gas Systems (2024YFC3810700)
from the Chinese Society for Measure- Gas Flowmeter Gas Flowmeter under the Urban Sustainable Development Key Technologies and
ment. 6 Equipment.
Demonstration of Integrated Application of NQI Key Technologies
for In-Service Pressure Regulation Equipment in Urban Gas
Systems.
The TCF series Coriolis Mass Flowme-
ter was selected as one of the "Top
MICONEX Conference.
"Intelligent Process Measurement
Equipment" was selected for Zhejiang
tion Program.
Electromagnetic
Vortex Flowmeter
Flowmeter
“ High -P re ssure U lt rasonic Gas
Measurement System” was recog-
④ nized as Zhejiang Provincial Advanced
Technological Innovation Achieve-
ment. TUS Ultrasonic FC-III Flow
Gas Flowmeter Computer
“EsLink – Enhanced Intelligence AI
Model” passed the National Adminis-
gence Services.
Pioneering and Dedicated:
Marketing Excellence
This year, we have established a strategic global presence, partici-
pating in nearly 50 high-quality exhibitions and forums. We not
only showcased our capabilities at prominent domestic industry
events—including the GAS&HEATINGCHINA 2025, the Annual Con-
ference of the China Urban Water Association, and MICONEX 2025—
but also made a signi?cant impact at premier international energy
platforms such as WGC 2025 and Enlit Europe 2025. On these global
stages, we systematically presented our smart terminal products
and full-scenario solutions covering smart gas, water, process mea-
surement, and energy sectors. Furthermore, we unveiled multiple
cutting-edge achievements and innovative practices, collaborating
with global industry leaders to explore sustainable and high-quali-
ty pathways for future development.
Value Symbiosis:
Client Excellence
This year, being customer-oriented, we have continuously explored the deep pathways for value creation. Our international expansion has
progressed steadily, leveraging China-Kazakhstan cooperation to introduce smart metering to Central Asia. For our overseas water meter busi-
ness, we established a dedicated specialized team to systematically advance market expansion and operations. In China, a series of milestone
events—including the 30th anniversary of Tancy-Goldcard, the Gas User Conference, the Water Utility Client Appreciation Meeting, and the
Process Measurement Agent Conference—served as platforms to build consensus and foster a collaborative development ecosystem based on
extensive consultation, joint contribution, and shared bene?ts. At the same time, we remain committed to providing timely and reliable
response and support, along with full-lifecycle value-added partnership to our global customers.
Resilience and Kindness:
Brand Excellence
This year, while achieving solid development, we have always
embraced warmth as our foundation, integrating social responsibilities
into brand development. Our o?cial website was refreshed to connect "Top 10 New Products" Award
the world in a more open way. For 11 consecutive years, we have pub- 2025 Second Prize of the China Instrument and Control
lished our Social Responsibility Report, deeply practicing long-termism Society Award for Scienti?c and Technological Progress
and sustainable development. We have supported local education and Generative Arti?cial Intelligence Service Filing
sports initiatives including Zhejiang Basketball Association City League, National-level Specialized, Re?ned and
demonstrating our commitment through concrete actions. We have Innovation-Driven "Little Giant" Enterprise
garnered attention from central, provincial, municipal, and county-level 2025 Zhejiang Provincial Outstanding Digital
media and institutions including Xinhua News Agency, Xinhuanet, Peo- Enterprise
ple's Daily Online, Zhejiang Daily, and China Gas Association. Our
sustained innovation and social contributions earned multiple provin-
cial and municipal honors. These milestones collectively forged our
brand's resilience, benevolence, and enduring strength.
Over RMB 5.2 million Over 150 media
were invested in public outlets and institutions
welfare initiatives, featured our progress,
fostering industry-aca- driving continuous
demia-research growth in brand
collaboration. visibility.
Vision for the Future
With our sights set on the long-term horizon, we continue to push
boundaries and expand our global footprint. As we move into
mission and the power of innovation. By collaborating with our
global partners, we will harness our collective strength to navigate
the path ahead, striving toward a smarter, safer, and more sustain-
able future.
Message From the
Chairman of the Board
Dear Partners, Colleagues, and Friends across all sectors of society,
In 2025, against the backdrop of an accelerating global green economic transition and the widespread pursuit of sustainable development,
Goldcard has remained committed to advancing high-quality growth, prioritizing innovation, and upholding our social responsibilities. We actively
implement the principles of Environmental, Social, and Governance (ESG), integrating our corporate development into national strategies and the
global agenda.
We actively respond to the national “carbon peak and carbon neutrality” strategy and global climate action initiatives, continuously
leveraging digital technologies to enable the low-carbon transformation of the energy system. By persistently advancing product quality and
technological innovation, our cumulative global sales of smart terminals have exceeded 78 million units, maintaining our leading market share. With
framework of the Belt and Road Initiative, we have realized localized delivery in Central Asian markets and established our ?rst overseas production
base in Kazakhstan, showcasing the global green competitiveness of “Made in China” within the ongoing energy transformation.
We ?rmly believe that compliant operations and integrity-driven development are fundamental to long-term corporate stability. In 2025, we
further enhanced our governance framework by establishing a full-chain compliance management system, actively joining the Corporate Anti-Fraud
Alliance, and setting up dedicated reporting channels to strengthen our anti-corruption defenses. We continuously raise compliance awareness and
risk prevention capabilities among all employees, proactively engage with regulatory authorities, and ensure that all business operations are
conducted legally and ethically, laying a solid institutional foundation for sustainable development.
We have comprehensively advanced the development of our EHS management system. The photovoltaic projects at our Hangzhou and
Wenzhou manufacturing bases now generate an annual electricity output of 2,140,000 kWh, reducing CO₂ emissions by over 2,000 tons per year.
We have also established a responsible supply chain by signing Corporate Social Responsibility Agreements with all suppliers. Through supplier
conferences, technical assistance, and digital management, we collaborate closely with our partners to forge a transparent, win-win, and low-carbon
industrial ecosystem.
We regard our employees as our most valuable asset and continue to build a comprehensive training system and career development pathways
that span the entire professional lifecycle. We are dedicated to fostering a safe, healthy, and inclusive working environment.
In addition, we systematically carry out public welfare initiatives, including education support and rural revitalization programs. Through the
Goldcard Public Welfare Foundation, we actively give back to society with concrete actions.
Looking ahead, Goldcard will continue to uphold our vision of “Making Life Better,” driven by technological innovation and guided by
responsible governance and green development. As a pioneer in the digital energy revolution, we are committed to working hand in hand with all
stakeholders to create a future where humanity and nature coexist in harmony, and where business value and social value are fully aligned.
Yang Bin, Chairman of Goldcard Smart Group
About usABOUT
关于我们 COMPANY
金卡智能集团股份有限公司(证券代码300349)，是中国领先的数字能源产品与解决
方案提供商，业务涵盖数字燃气、数字水务、数字过程、数字能源等，持续为智慧
城市、能源领域提供数字化整体解决方案。
ESG Report
Goldcard Smart Group Co., Ltd. (Stock Code: 300349) is a leading digital energy products and
solutions provider in China. Our businesses span digital gas, digital water, digital process, and digital
energy sectors, continuously delivering integrated digital solutions for smart cities and the energy
industry.
Since our establishment in 1997, we have consistently regarded innovation as the core driving force
of our development and have continued to increase investment in research and development. Our
business footprint spans more than 40 countries and regions worldwide. Our products have been
deployed in over 2,000 cities, serving more than 3,500 energy enterprises and over 60 million urban
users. To date, cumulative sales of our smart devices have exceeded 75 million units, ranking ?rst
globally in terms of market share.
As of the reporting date, we have obtained 2,194 intellectual property rights and over 200 invention
patents, and have participated in the formulation of 202 national and local standards.
Leveraging years of expertise in precision measurement and digital technologies, we have
established a comprehensive digital energy system, providing integrated digital solutions for the
energy sector of smart cities. We have participated in urban gas infrastructure development projects in
multiple regions and cities, including Guangzhou, Tianjin, the Guangdong-Hong Kong-Macao Greater
Bay Area and Xiong'an New Area. We have also been involved in a number of major national and
international projects, such as the Beijing Olympic Games, the Belt and Road Forum for International
Cooperation, Beijing Daxing International Airport, the World Expo, the Baihetan Hydropower Station,
the Chengdu FISU World University Games, and the 19th Asian Games Hangzhou 2022.
We ?rmly uphold the core value of "Customer-oriented, continuously create value for customers",
sincerely adhere to the vision of "Make Life Better", promote digital transformation across the industry,
and remain ?rmly committed to contributing to the achievement of the goals of carbon peak and
carbon neutrality.
Mission Vision Values
A leading digital Make life better. Customer-oriented,
energy products and continuously create
solutions provider in value for customers.
China.
Make life better
We strictly comply with the "Company Law of the People's Republic of China", the "Securities Law
of the People's Republic of China", the "Shenzhen Stock Exchange GEM Listing Rules" and other
relevant national laws and regulations.
In accordance with such requirements, we have established a modern corporate governance
structure under which the general meeting of shareholders, the Board of Directors, and the
management team perform their roles with a clear division of responsibilities.
The Board of Directors has established three specialized committees, namely the Strategy
Committee, the Remuneration and Assessment Committee, and the Audit Committee. Each committee
performs its respective duties and responsibilities, collectively promoting the e?cient, scienti?c and
standardized operation of the Company.
General Meeting of
Shareholders
Board of Directors
The Strategy Compensation And
Audit Committee
Committee Assessment Committee
The general meeting of shareholders, the Board of Directors, the Supervisory Board, and the
specialized committees under the Board of Directors their duties with due diligence and e?ciency in
strict accordance with the "Articles of Association of the Company", the "Rules of Procedure for the
General Meeting of Shareholders", the "Rules of Procedure for the Board of Directors", and the
implementation rules of each specialized committee, ensuring compliant and e?ective performance
of all governance functions.
The general meeting of shareholders exercises its powers in strict compliance with applicable
laws and regulations and the "Articles of Association" of the Company. With respect to the convening
of meetings, we consistently adhere to standardized procedures by convening annual general
meetings and extraordinary general meetings in a timely manner, and by duly implementing meeting
notices, proposal review, voting and resolution procedures, as well as information disclosure
obligations.
To safeguard the lawful rights and interests of all shareholders, we provide online voting
channels and o?er comprehensive facilitation in terms of document preparation, meeting formats,
and voting mechanisms. These measures ensure that all shareholders are treated on an equal basis
and are able to e?ectively exercise their rights to information, participation, inquiry, and voting.
ESG Report
The Board of Directors comprises 9 directors, including 3 independent directors. The independent
directors serve as the chairpersons/conveners of the Remuneration and Assessment Committee, and
the Audit Committee. In accordance with the Company's diversity policy and following the procedures
of the Nomination Committee, we appoint suitable candidates in a scienti?c and prudent manner to
ful?ll the resolutions of the general meeting of shareholders.
Organization Name Members Independent Director Members
Strategic Committee Three One
Remuneration and Assessment Committee Three Two
Audit Committee Three Two
During the reporting period, we convened six meetings of the Board of Directors and three
general meetings of shareholders.
We actively respond to China's carbon peak and carbon neutrality goals and proactively integrate
our corporate initiatives with the advancement of the United Nations Sustainable Development Goals
(SDGs). Guided by this strategic alignment, we have established and continuously enhanced our
corporate governance framework, thereby promoting the coordinated and sustainable development
of economic, social, and environmental value.
Our sustainable development philosophy is as follows:
Driven by "full perception," "full digitalization," "full security," and "full ecosystem" as the engines
of energy development, we are committed to becoming a digital energy products and solutions
provider evolving from a China benchmark to a globally recognized brand.
We regard innovation as a critical driving force and core competitive advantage for our long-term
development, empowering the interconnected digital world through technologies, solutions, and
application scenarios. We remain committed to a people-oriented development philosophy, strictly
adhere to business ethics and compliance principles, place strong emphasis on environmental
protection, actively ful?ll our corporate social responsibilities, and consistently practice our
commitment to sustainable development.
Make life better
The screening and management of substantive issues constitute an important foundation for us
to enhance our sustainable development management capabilities and achieve our sustainable
development objectives. We analyze the impacts arising from our business operations and the issues
of concern to stakeholders, and incorporate them into the substantive issues matrix. The matrix
presents these issues along the vertical and horizontal priority axes to re?ect their respective
in?uence on stakeholder evaluation and decision-making, as well as their signi?cance in terms of
economic, environmental and social impacts.
High
Economy Environment Society
（10） （4） （3）
（1） （6） （9）
energy saving and emission sustainable supply chain
（1） （11） （6） （7） integrity and compliance
reduction development
Importance to stakeholders
（9） （8） （2） （2） （7） （10）
R&D and innovation resource protection occupation health and safety
（3） （8） （11）
safety of product green technology development sta? skill promotion
（12） （5）
（4） （12）
（13） quality of product and service community development
（5） （13）
customer recognition public charity
（14）
（14）
Low High party buildup
Importance to enterprise sustainable qrowth
ESG Report
We actively listen to and proactively respond to the expectations of our stakeholders. Based on
the characteristics of our business and operations, we have identi?ed seven key stakeholder groups,
including shareholders, government and regulatory authorities, customers, business partners,
employees and communities, working committee of the party. We have established e?ective
communication mechanisms and diversi?ed communication channels for our stakeholders to ensure
timely and accurate communication and feedback.
Stakeholders Requirements&Expectations Communication Mechanism
Scheduled shareholders' conference and investor communication meetings
Business performance results
Equal rights of all shareholders
Improve the corporate governance mechanism
Shareholders Business perspective and risk control
Transparency in company information disclosure
Law-based and compliant operations
Compliant operations
Communication through o?cial channels and meetings
Implemention of the carbon peaking and carbon neutrality goals
Government and Protection and e?cient utilization of environment and
resources
Regulatory Site inspections and information disclosure
Authorities
Promotion of regional economic development Ful?llment of tax obligations and creation of employment opportunities
Supply safe and reliable product Scheduled Goldcard customers conference
Provide high quality service Increase investment in the research and development of products and services
Customers Innovative and customized Adhere to the core value of "Customer-oriented, continuously create value for
products and service customers," and provide optimal services to customers
Supply chain management Regularly convene suppliers' conferences
Fair, impartial, and transparent procurement Promote a healthy and orderly competitive environment within the industry
Business partners
Engage in supply chain collaboration to achieve win-win outcomes across the
Provision of relevant guidance and support
entire industrial chain
Employees health and safety Provide healthy and safe working environment and health and safety training
Employees Establish diversi?ed career development pathways and implement diversi?ed
Employees development and training
training programs
Conduct community public welfare activities
Support community cultural activities and overall development
Organize and conduct volunteer
service activities
Communities Implement foundation-based
Carry community public welfare activities
charitable projects
Vigorously advance the development of grassroots Party
organizations
Fully leverage the role of the Party Committee Regularly conduct distinctive Party-building and trade union activities to
strengthen the education and management of Party members
Working Committee
of the Party Actively study and implement the guiding principles of the 21st
CPC National Congress
Make life better
In 2025, we received a series of recognitions and positive evaluations from our stakeholders
while maintaining steady and sound operations. Looking ahead, we will, as always, fully listen to
stakeholder demands, continuously improve our management and practices, adhere to standardized
operations, strengthen innovation and collaboration, promote the development and transformation
of the industry, and uphold the principles of sustainable development.
Awarded
Award Department Recognition and Honors Received Enterprises
All-China Fedration of Industry&Commerce 2025 Top 500 Private Enterprises by Invention Patents Goldcard Smart Group Co., Ltd.
Ministry of Housing and Urban-Rural Development of
National Key R&D Program of China: "Critical Technologies and Goldcard Smart Group Co., Ltd.
the People's Republic of China (MOHURD)
First Prize of Scienti?c and Technological Progress, Goldcard Smart Group Co., Ltd.
Chinese Society for Measurement
Chinese Society for Measurement Tancy Instrument Group Co., Ltd.
China Society for the Promotion of Science and First Prize of Scienti?c and Technological Innovation Award,
China Society for the Promotion of Science and Technology Goldcard Smart Group Co., Ltd.
Technology Commercialization Commercialization
Third Prize of the China Machinery Industry
China Machinery Industry Federation Goldcard Smart Group Co., Ltd.
Science and Technology Award
Department of Economy and Information
Technology of Zhejiang Province;The General 2025 Zhejiang Provincial Top 200 Private Enterprises by Goldcard Smart Group Co., Ltd.
Association of Zhejiang Entrepreneurs R&D Investment
Department of Economy and Information 2025 Zhejiang Provincial Top 200 Private Enterprises by
Technology of Zhejiang Province;The General Goldcard Smart Group Co., Ltd.
Association of Zhejiang Entrepreneurs Invention Patents
Zhejiang Association for the Promotion of 2024 Benchmark Enterprises in Corporate Social
Goldcard Smart Group Co., Ltd.
Corporate Social Responsibility Responsibility (Consumer Rights)
Wenzhou Market Supervision and
Wenzhou Key Trademark Protection Enterprises (Key Enterprises) Goldcard Smart Group Co., Ltd.
Administration Bureau
Wenzhou Municipal Enterprises Federation (WMEF);Wen-
zhou Municipal Entrepreneurs Association (WMEA);Wen- 2025 Wenzhou Top 100 Enterprises Goldcard Smart Group Co., Ltd.
zhou Federation of Industrial Economics (WFIE)
Wenzhou Municipal Enterprises Federation (WMEF);
Wenzhou Municipal Entrepreneurs Association (WMEA); 2025 Wenzhou Top 50 Manufacturing Enterprises Goldcard Smart Group Co., Ltd.
Wenzhou Federation of Industrial Economics (WFIE)
Economy and Information Technology Department Third Batch of Zhejiang Provincial Pilot Enterprises for
Tancy Instrument Group Co., Ltd.
of Zhejiang Chief Data O?cer System Construction
Economy and Information Technology Department First Batch of Zhejiang Provincial Manufacturing Individual
Tancy Instrument Group Co., Ltd.
of Zhejiang Champion Enterprises — Product: Gas Flow Meters
Economy and Information Technology Department 2025 Zhejiang Provincial Advanced-Level Intelligent
Tancy Instrument Group Co., Ltd.
of Zhejiang Factory
Economy and Information Technology Department 2025 Zhejiang Provincial Advanced Technological
Tancy Instrument Group Co., Ltd.
of Zhejiang Innovation Achievements
Economy and Information Technology Department
of Zhejiang
Zhejiang Provincial Administration for
Market Regulation
Zhejiang Provincial Administration for 2025 AAA-Level Zhejiang Provincial "Contract Abiding
Tancy Instrument Group Co., Ltd.
Market Regulation and Credit Worthy" Enterprise
Zhejiang Provincial Administration for Zhejiang Provincial Patent Industrialization "Golden
Tancy Instrument Group Co., Ltd.
Market Regulation Seed" (High-Potential) Enterprise
Tancy Instrument Group Co., Ltd.
Department of Science and Technology of 2026 Zhejiang Provincial "Pioneer Leader + X" Science Goldcard Water Technology Co., Ltd.
Zhejiang Province and Technology Program Zhejiang Tancy Instrument
Technology Co., Ltd.
Zhejiang Association for Science and Technology Tancy Instrument Group Co., Ltd.
Technology Entrepreneur
Wenzhou Municipal People's Government Wenzhou Mayor's Quality Award Tancy Instrument Group Co., Ltd.
Wenzhou Economic and Information Bureau Wenzhou Premier Products Tancy Instrument Group Co., Ltd.
Wenzhou Economic and Information Bureau 2025 Wenzhou First-of-its-Kind Equipment Recognition Tancy Instrument Group Co., Ltd.
…… …… ……
合规筑基 行稳致远 COMPLIANCE AS
THE FPUNDATION
在全球可持续发展与高质量增长成为共识的背景下，治理与商业道德是企业实现长
期价值的根本。金卡智能集团将合规经营与诚信文化作为战略支柱，通过健全组织
架。构、强化内审体系、全员合规教育与透明监督机制，将合规融入决策与运营全
程，积极践行社会责任，致力于构建可持续、可信赖的企业未来。
Building a Foundation of Compliance 2025
for Steady and Sustainable Growth
Against the backdrop of global consensus on sustainable development and high-quality growth,
在全球可持续发展与高质量增长成为共识的背景下，治理与商业道德是企业实现长期价值的根本。金
governance and business ethics are fundamental to creating long-term corporate value. We regard
卡智能集团将合规经营与诚信文化作为战略支柱，通过健全组织架构、强化内审体系、全员合规教育
compliant operations and a culture of integrity as strategic pillars. Through a sound organizational
structure, strengthened internal audit systems, all-employee compliance education, and transparent
与透明监督机制，将合规融入决策与运营全程，积极践行社会责任，致力于构建可持续、可信赖的企
supervision mechanisms, the Group integrates compliance into every stage of decision-making and
operations. We actively practice social responsibility and are committed to building a sustainable and
trustworthy corporate future.
ESG Report
利益相关方认可
Management
一如既往地充分听取利益相关方诉求，并持续改进，坚持规范经营，加强创新协作，推动行业发展与变革，践行
可持续发展理念。
We have established a Compliance Department, with the head of the department reporting
directly to the Group President. The Compliance Department coordinates with the Legal A?airs
Department, Internal Audit Department, and Project System Management Department to
systematically carry out compliance management activities.
We have gradually established and continuously improved a comprehensive compliance
management system, including the Internal Audit Policy, Anti-Fraud Management Policy, Goldcard
Exit Audit Management Policy, Code of Business Conduct and Ethics, Ten Regulations on Employee
Work Practices, and Information Con?dentiality Policy, among others. These policies standardize the
compliance responsibilities of each department and position, enabling the Company to adapt to an
evolving compliance environment and providing legal and compliant safeguards for our business
operations and management.
The Compliance Department conducts rigorous compliance reviews of our business processes and
key matters to mitigate potential legal risks and ensure compliance. In addition, we regularly carry out
compliance audits across all business operations and promptly rectify identi?ed issues to ensure that
compliance requirements are e?ectively implemented.
Goldcard has applied to join the Enterprise Anti-Fraud Alliance (EAFA), demonstrating the Company's
commitment to continuously improving our integrity management system, enhancing anti-fraud
capabilities, and fostering a clean business environment. This initiative further elevates the level of our
integrity culture and adds new anti-fraud momentum to the Company's integrity and compliance
construction.
Corporate Member Certi?cate of the Anti-Fraud Enterprise Alliance
We attach great importance to cultivating employees' compliance awareness by regularly
organizing online and o?ine compliance training sessions. These initiatives comprehensively enhance
employees' ability to identify and respond to risks across various dimensions such as market,
operations, and legal a?airs, further strengthening their risk awareness and providing a solid
guarantee for the Company's steady operations.
Make life better
We incorporate anti-fraud training into our new employee induction, which aims to ensure
compliance with laws, regulations, and the Company's policies. The training focuses on enhancing
employees' legal awareness and professional ethics to e?ectively prevent fraud risks, safeguard
corporate interests, and promote the Company's long-term steady development.
(1) Strengthening Legal Awareness: The training familiarizes new hires with relevant laws,
regulations and company rules, clarifying prohibited conduct to prevent crossing legal red lines.
(2) Cultivating Ethical Values: The training helps new employees establish a strong sense of
professional ethics, emphasizing integrity, fairness, and integrity—encouraging them to uphold moral
baselines in daily work.
(3) Mitigating Fraud Risks: After understanding common fraud methods and their harms, new
employees can better identify and prevent potential fraudulent behavior, reducing losses caused by
such acts.
(4) Facilitating Cultural Integration: As part of our corporate culture, anti-fraud training accelerates
new employees' alignment with company values, fostering a shared anti-fraud mindset.
"Goldcard Academy" Online Courses
We conduct o?ine compliance activities to promote compliance concepts through poster displays
and other formats. This year, we focused on arranging o?ine anti-fraud advocacy through the
deployment of roll-up banners. In high-tra?c areas such as key o?ce zones, production workshop
entrances, and canteens of Goldcard, we continuously deployed 4 sets of anti-fraud themed roll-up
banners, covering over 1,000 employee sessions.
This advocacy initiative intuitively presents the core requirements of anti-commercial bribery and
integrity in employment, as well as cases of punishment for violations. It has e?ectively strengthened
the vigilance of all sta? against fraud risks, creating a strong atmosphere where "everyone understands
compliance and everyone upholds integrity," thereby helping to prevent the occurrence of fraudulent
behavior from the source.
O?ine Anti-fraud Promotion Pull-up Banners
ESG Report
To further strengthen and standardize our regulation and management of legal a?airs,
safeguard our legitimate rights and interests, and e?ectively adjust and manage cooperative
relationships, we have established the Legal Dispute Management Policy. Furthermore, we
conducted specialized training for employees on Trade Secret Protection, Precautions for Contract
Signing, and Legal Risk Control Guidelines for Bidding and Tendering. These sessions have provided
comprehensive and systematic instruction covering theoretical frameworks, regulatory requirements,
and real-world case studies. This initiative has subtantially promoted employees' compliance
awareness, thereby providing a robust guarantee for preventing operational risks.
Sharing Session: "De?nition and Protection of Trade Secrets"
We actively communicate with regulatory authorities to stay abreast of the latest developments
in policies and regulations, ensuring the legality and compliance of our business operations.
Meanwhile, we proactively submit to regulatory inspections, collaborate with oversight e?orts, and
continuously enhance our compliance management capabilities.
We have established a dedicated whistleblowing email and hotline to encourage employees and
all sectors of society to report unethical conduct, with a commitment to strict con?dentiality for
reporters and ensuring the e?ectiveness of reporting channels.
Contact Department:Compliance Department – Internal Audit Department
Address:No. 161 Yuancheng Road, Qiantang District, Hangzhou
Hotline:19012868031
Email:jubao@jinka.cn
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We consistently uphold international business ethics standards, maintaining sincere and
transparent relationships with employees, clients, and partners. We rigorously ful?ll our contractual
obligations to ensure that the interests of all stakeholders are protected.
We strictly adhere to market competition principles, resolutely rejecting unfair practices such as
malicious competition and predatory pricing. Meanwhile, we respect lawful rights and interests of
our competitors and work together to maintain a healthy market order. Our commitment remains to
securing market share through upgraded product quality and service enhancement.
We remain steadfastly customer-oriented, delivering high-quality products and services to meet
evolving needs of our customers. Through surveys and customer feedback, we assess customers
satisfaction and identify their demands, promptly adjusting, improving, and upgrading our o?erings
to enhance product usability and customer satisfaction.
We prioritize transparency and openness, timely disclosing periodic reports in strict compliance
with the "GEM Stock Listing Rules" to invite stakeholder oversight and enhance corporate credibility.
We actively assume our social responsibilities, focusing on environmental protection and public
welfare initiatives. Through environment-friendly measures, we reduce ecological impact and reduce
energy consumption. Meanwhile, we regularly engage in charitable activities as part of our
commitment to giving back to society.
精益提质 服务至诚 LEAN QUALITY
IMPROVEMENT
响应全球可持续工业化与中国"质量强国”战略，金卡智能集团将质量视为企业生命
线。我们建立了覆盖全生命周期的精益管理体系，依托CMMI5级研发能力、CNAS
认证实验室及超过20项权威认证，持续为客户提供高可靠产品和卓越服务，以体系
化质量支撑可持续发展。
Excellence in Quality 2025
and Sincere Service
In response to global sustainable
响应全球可持续工业化与中国 industrialization
“质量强国” and China's "Quality Powerhouse" strategy, we regard
战略，金卡智能集团将质量视为企业生命线。我们建立了覆盖全生
quality as the lifeline of the enterprise. We have established a lean management system covering the full life
命周期的精益管理体系，依托
cycle, leveraging our CMMI LevelCMMI 5 级研发能力、CNAS
capabilities, CNAS-accredited 20 项权威认证，持续为客户提供
laboratories, and more than 20
authoritative certi?cations. We continuously provide our customers with high-reliability products and
高可靠产品和卓越服务，以体系化质量支撑可持续发展。
excellent services, supporting sustainable development with systematic quality.
ESG Report
Quality is the cornerstone of our enterprise's survival and the core reason for our customers'
continued trust. We have established and continuously operate more than 20 types of management
systems covering critical areas such as quality, environment, occupational health and safety,
information security, IT services, intellectual property, metrology, and greenhouse gas veri?cation.
These core systems include international standards such as ISO 9001, ISO 14001, ISO 45001, ISO/IEC
drive the iteration and upgrade of our systems.
In 2025, we successfully implemented the ISO 50001 Energy Management System and achieved a
signi?cant leap in CMMI maturity levels for our subsidiaries from Level 3 to Level 5. Meanwhile, we
completed major version upgrades for ITSS, GB/T 23001/ISO 45341, and ISO/IEC 27001, ensuring the
forward-looking nature and industry leadership of our management systems.
The Quality and Metrology Management Department oversees the construction and improvement
of our quality and metrology management systems at the Group level. Through comprehensive
quality and metrology management, we enhance our capabilities in product R&D, technology
iteration, delivery assurance, and technical services. This ensures our leading position in China's
metrology sector, gradually reaching international advanced standards, and leverages metrology as
a key support to strengthen product competitiveness and safeguard consistent product quality.
Our standardization system operates e?ciently and rigorously and has successfully passed the
Standardization Good Practice Certi?cation for several consecutive years. In 2025, the standardization
department continued to deepen the uni?ed management of standardization work, integrating
standardization concepts into every position. We actively participate in the development and revision
of international, national, and industry standards. By the end of 2025, we had deeply participated in
the formulation of 202 standards, including 8 international standards and 72 national
standards/regulations, fully demonstrating our outstanding innovation capability and high level of
social responsibility within the industry.
With perfect management systems and solid management results, we have successfully passed
more than 60 Chinese and international audits of various types, including internal audits (?rst-party),
customer audits (second-party), and third-party authoritative agency audits, comprehensively
enhancing our quality management level.
In terms of system construction and capacity building, we conducted special training on "Gas
Meter Compliance," "Water Meter Compliance," and "Flowmeter Compliance." Simultaneously, we
released management documents such as the "Measures for the Management of Registered
Metrologists," "Quality Audit Management Procedures," "Customer Audit Management Speci?cations,"
"Market Supervision and Metrology Dispute Management Speci?cations," and "Management
Regulations for Quality Incentives and Disciplinary Actions," building a full-process compliance
control system.
In the ?eld of brand promotion and science popularization, we actively organized events such as
the launch of the AI Agent for Standard Interpretation, World Metrology Day promotions, and the
Metrology Knowledge Quiz commemorating the 40th anniversary of the "Metrology Law." We also
observed World Standards Day and raised metrology awareness through the promotion of metrology
regulations, intermediate checks, and on-wall displays of key measuring equipment.
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In terms of industry veri?cation and international participation, we successfully completed
provincial and municipal special metrology benchmarking for gas and water meters, and e?ciently
cooperated with special supervision spot checks by provincial and municipal bureaus. Furthermore,
as the sole representative from the gas and water meter sectors, we participated deeply in the EU
measuring instrument regulation review, demonstrating our industry-leading technical expertise and
professional in?uence.
Our laboratory mainly conducts tests on products such as gas meters, water meters, gas
?owmeters, and liquid ?owmeters. The testing ?elds cover specialties such as ?ow, electrical and
electronic environment, electromagnetic compatibility, and communication. The laboratory has
obtained CNAS accreditation. In accordance with ISO/IEC 17025:2017 "General Requirements for the
Competence of Testing and Calibration Laboratories," CNAS-CL01:2018 "Accreditation Criteria for the
Competence of Testing and Calibration Laboratories," CNAS-CL01-A025:2022 "Application of
Laboratory Accreditation Criteria in the Field of Calibration," CNAS-CL01-A003:2019 "Guidance on the
Application of Testing and Calibration Laboratories Competence Accreditation Criteria in the Field of
Electrical Testing," as well as relevant CNAS accreditation regulations and applicable laws and
regulations, we have formulated the "Quality Manual" and "Procedure Documents" to ensure the
quality of our testing/calibration services and provide accurate and reliable testing/calibration
results.
In 2025, we passed the review and assessment for the "Two-in-One Inspection" of water meters.
As the ?rst domestic manufacturer authorized by the Zhejiang Provincial Administration for Market
Regulation for "Two-in-One Inspection" (merging factory inspection with the ?rst mandatory
veri?cation) of both gas and water meters, we continue to lead the industry's testing and certi?cation
system. During the same period, our water meter testing capabilities successfully passed the CNAS
reassessment, further strengthening our core advantages in quality control and technical
certi?cation. On the other hand, we invested nearly RMB 300,000 to upgrade metrology equipment
and renovate testing platforms to ensure the quality of on-site measurements and provide accurate
and reliable measurement results.
Based on the main factors a?ecting product quality, we continuously optimize procedural system
documents such as "Monitoring and Measuring Resources Control Procedure", "Monitoring and
Measuring Control Procedure", "Product Identi?cation and Traceability Control Procedure",
"Management System for Key and Special Processes", "Management Method for Veri?cation of
Purchased Samples", and "Nonconforming Product Disposal Process". By implementing measures
such as tracking quality indicators, conducting quality activities, and controlling nonconforming
products, we ensure comprehensive quality control. This approach guarantees also the improvement
of the product ?rst-pass yield index, and prevents the occurrence of quality accidents.
Quality Indicator Tracking:We set multiple indicators such as the market rolling repair rate,
supplier batch quali?cation rate, manufacturing process First-Pass Yield, quality improvement, and
talent cultivation. We actively track the performance of these indicators and commit to their
continuous improvement.
Related Activities:We conduct a series of quality initiatives, including pre-job training, case
study education, skills competitions, mentor-apprentice pairing, and Quality Month activities.
ESG Report
Non-Conforming Product Control:We have established a rigorous quality management system to
control non-conforming products. This includes incoming material inspection, process monitoring,
and ?nished product testing to ensure that issues are detected and addressed promptly.
Non-conforming products will be isolated, labeled, and subjected to root cause analysis, with
corrective measures taken to prevent the recurrence of problems. At the same time, we continuously
optimize processes to improve product quality and reduce the production of non-conforming
products, thereby safeguarding customer satisfaction and the Company's reputation.
In terms of quality management performance, in 2025, we implemented 517 proposal-driven
improvement projects and over 110 process quality enhancement initiatives.
In line with our principle of "actively listening to customer needs to ensure product quality and
customer satisfaction," we carry out the design of our quality management processes. During the
management responsibility stage, we implement steps such as quality planning, internal audits,
management reviews, and internal and external communication. In the resource management stage,
we perform authorization and training management, facilities and equipment management, work
environment management, and document management. In the measurement, analysis, and
improvement stage, we cover non-conforming product management, product inspection, internal
audits, continuous improvement, corrective and preventive actions, and data analysis. Finally, during
the product realization process, we carry out market planning, identi?cation of customer review
requirements, procurement management, product process validation, product process design,
manufacturing, metrology management, and delivery and collection. These steps ensure that our
process quality and product quality are stably controlled, while we continuously enhance process
capability and overall e?ectiveness through ongoing improvements.
We have established a comprehensive and e?cient product recall system, covering strict quality
control, rapid response, transparent communication, comprehensive after-sales service, and
continuous improvement processes, to ensure consumer health and safety and uphold our corporate
social responsibility.
We are committed to establishing an e?cient and transparent product quality traceability system,
assigning a unique identity to each product to achieve full traceability from raw material procurement
to the end-user. This innovative measure not only signi?cantly enhances our supply chain
management e?ciency but also demonstrates our ?rm commitment to product quality and social
responsibility.
Our quality operation management system is composed of SAP, MES, SRM, QMS, WMS, and other
modules. As the core system for production execution, MES primarily manages production work
orders, process management, traceability management, and data collection throughout the
production process. By interconnecting with automated production equipment, the system
implements key applications such as meter number management, accuracy plan management,
complete machine sealing inspection management, and packaging plan management. This allows
us to provide comprehensive error-proof control over production materials and processes,
guaranteeing order delivery accuracy and quality, and perfecting material traceability as well as
production process quality traceability.
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Our QMS system serves as an e?ective tool for quality management, comprehensively managing
quality data to support incoming inspection, in-process inspection, and ?nished product inspection.
Integrated with SAP, it ensures the e?ective implementation of our quality management strategies.
In 2025, the MES production support platform was launched, enabling linked access to process
drawings, SOPs, and other documents, binding of process route operations, Andon call functions,
and management of quality non-conformities, achieving multi-system information and data sharing.
Furthermore, we launched the monitoring and inspection management module, which
signi?cantly reduced manual operations and minimized error rates.
To further optimize operations, we improved order remark standardization to prevent errors in
order entry, facilitate identi?cation by workshop sta?, and reduce rework and customer complaints.
The QMS system underwent iterative updates, introducing functions such as di?erentiated IQC
inspection, closed-loop management of supplier incoming material anomalies, and ?nished product
shipment inspection to perfect our internal and external quality supervision.
In 2025, while continuing to consolidate our existing quality management and security certi?cation
systems, our Software Center further focused on deepening and enhancing our ITSS (Information
Technology Service Standards) standardized service capabilities. We have continuously optimized our
operation and maintenance service processes and emergency response mechanisms, driving a dual
improvement in service quality and customer experience. Throughout the year, we have maintained the
validity of all core certi?cations, ensuring the steady operation of our systems and laying a solid
foundation for the sustained high-quality delivery of our products and services.
CMMI Level 5 Quality Management System
Our Software Center continues to maintain the CMMI Level 5
quality management system, leveraging its highly mature
process management framework to systematically implement
project quality assurance and risk control. Through our routine
process evaluations and continuous improvement mechanisms,
we ensure that the entire software development lifecycle remains
under controlled conditions, safeguarding the consistent delivery
of products that meet high-quality standards.
Our Software Center continues to maintain the CCRC
Information Security Service quali?cation, fully integrating
security activities into our development lifecycle. This coverage
spans the requirements, design, coding, and testing phases,
e?ectively mitigating the risk of vulnerabilities from the source.
ESG Report
a High-Level and Comprehensive Information Security Control System
We have maintained our Level 3 Multi-Level Protection
Scheme (MLPS) certi?cation, ensuring robust and continuous
security assurance. Through our dual-dimensional security
protection framework combining technology and management,
we ensure that our systems possess the capability to resist
attacks and achieve rapid recovery, thereby safeguarding
business continuity and data security.
We have maintained continuous compliance with the ISO
service security management framework. This framework
allows us to strengthen data protection and access control,
thereby e?ectively mitigating security threats.
Continuous Strengthening of the Emergency Response System
Aligned with the ITSS Level 2 standard requirements and our unique business characteristics, we
have continuously optimized our emergency response system. We have assembled a professional
emergency response team that oversees core phases, including the formulation and review of
emergency plans, regular emergency drills, emergency resource reserves, and standardized
response procedures. By conducting regular practical drills and driving continuous system
improvements, we have e?ectively enhanced both the e?ciency and precision of our emergency
responses, fully ensuring the stable operation of information systems and the uninterrupted
continuity of our clients’ business operations.
Dual-Driven Approach: Operational Service Quality and Culture
We strictly follow ITSS operational service standards and have built a fully standardized,
end-to-end service management system. On one hand, leveraging standardized service procedures
and re?ned quality control indicators, we have established a service quality evaluation mechanism.
By performing regular service reviews and audits, systematically collecting client feedback, and
formulating targeted improvement plans, we continue to optimize our operational service
capabilities and steadily enhance service quality and customer satisfaction. On the other hand, we
uphold the core service philosophy of "customer centric and quality as life." We have integrated ITSS
requirements regarding customer orientation and continuous improvement into every service
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touchpoint. Through company-wide service awareness training and the promotion of benchmark
service cases, we cultivate a service culture of excellence. This ensures that our operational services
not only comply with industry standards but also precisely match actual client needs, ultimately
achieving a dual enhancement of service value and customer experience.
To ensure that our internal product development projects follow standardized procedures,
regulate our product development process, and enhance R&D e?ciency, we have implemented the
Integrated Product Development (IPD) process. Under the IPD framework, we have divided our entire
R&D process into ?ve distinct stages: initiation, concept and planning, development, veri?cation, and
release. This structure allows us to strengthen overall development management and leverage
process control to consistently improve our product quality.
R&D Process Flowchart
This transformation has brought signi?cant optimization to our organizational structure, moving
away from the traditional functional organization model and introducing a matrix management
structure centered on the Product Development Team (PDT). This change allows us to address the
limitations of functional organizations, which often lack strong business awareness and clear
business objectives. At the same time, we have substantially reformed our performance
management, enabling each of our teams to focus more sharply on business goals and achieve the
principle of "aligned bene?ts, concentrated e?orts."
ESG Report
At the end of 2023, we launched the IPD 2.0 project, aimed at further deepening reform and
comprehensively enhancing management e?ectiveness to adapt to evolving market conditions and
new business development needs. We established several dedicated task groups to coordinate and
drive the transformation process.
In 2024, we conducted an in-depth diagnosis of the full-lifecycle process for new products and
customized projects. By systematically examining key stages—from requirement input and solution
design to implementation and pilot validation—we identi?ed common issues such as process gaps,
unclear responsibilities, and delays in information transmission, and subsequently developed
targeted optimization plans. Simultaneously, we promoted cross-departmental training and
communication on the new processes, covering our core teams in R&D, engineering, procurement,
production, and quality, which e?ectively strengthened the understanding and execution consistency
of the end-to-end process across our entire workforce.
In 2025, our focus shifted to the implementation, validation, and continuous re?nement of these
optimization outcomes. We selected typical projects for pilot implementation, employing an agile,
iterative approach to conduct multiple rounds of adjustments on process nodes, delivery standards,
and collaboration mechanisms. Currently, our optimized development process operates steadily and
e?ciently, with smoother coordination between stages. The cycle for our customized projects has
shown a shortening trend, while the rework rate due to changes has declined signi?cantly.
Furthermore, the development guidelines (Pocket Cards) for new and customized products have been
gradually standardized.
Organizational Structure under IPD 2.0
We actively promote the development of a robust quality culture and have established a
distinctive quality management approach centered on the core principle that "quality is the
foundation of survival and the reason customers continue to choose us." We have set up and
real-time updated quality knowledge boards and quality case boards. Leveraging our digital
platforms, we publish monthly Quality Honors and Improvement Rankings, share outstanding
external articles, and conduct recognition and award programs, continuously strengthening quality
awareness and communication across our entire organization.
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Quality Activities:
(1) Skills Competition:Two competition tracks and eight categories were established, with a total
of 92 employees participating. The competition topics were closely aligned with daily operations and
practical scenarios, demonstrating participants’ technical expertise and dedication. The event
combined theory with practice and emphasized teamwork, serving not only as a platform for
technical exchange but also as an opportunity for professional growth and capability enhancement.
(2) Skills Certi?cation:In 2025, we conducted the eighth session of occupational skill level
certi?cation, covering four job categories: lathe operators, milling operators, ?tters, and
instrumentation assembly and adjustment technicians, with 41 employees registered to participate.
Since the launch of the occupational skills evaluation program in 2020, 287 participations have been
recorded, with 170 employees successfully certi?ed, representing a pass rate of 60%. In 2025, we
o?cially obtained the quali?cation for "Enterprise Occupational Skill Level Senior Technician (Level
increased to 43%, including 2 Zhejiang Artisans, 3 Zhejiang Young Artisans, 1 Ouyue Artisan, and 1
Wenzhou Artisan.
(3) Quality Training:A total of 22 training sessions were conducted during the year, with ?ve
courses developed or optimized. Course topics included fundamental metrology knowledge, quality
issue analysis, and inspector role based knowledge. More than 100 employees participated in
training activities, with a cumulative total of 451 training hours dedicated to quality education.
(4) Mentorship Program:Focusing on skills development and product knowledge training, we
have paired 20 mentors with 29 mentees under our mentorship program. This initiative promotes the
inheritance of our corporate culture and supports new employees in integrating quickly into our
teams and mastering job-related skills. Simultaneously, our mentors serve as role models, sharing
their expertise through hands-on guidance to achieve mutual growth. This partnership fosters a
"mentors and friends" dynamic, enabling both parties to learn from each other and advance their
professional excellence in unison.
(5) Quality Excellence Recognition:We have established a "Monthly Quality Champion" program to
incentivize company-wide engagement in quality management. The evaluation is based on multiple
dimensions, including the number and severity of issues identi?ed in workshops each month, as well
as individual contributions to problem resolution. Through this initiative, we motivate our employees
to actively engage in quality improvement e?orts and strengthen their accountability for product
quality.
(6) Recognition and Evaluation Initiatives:Every quarter, we conduct proposal improvement
initiatives, 6S evaluations, "Striver" benchmarks, and excellence awards for outstanding teams.
(7) QRQC Activities:We strengthen our ability to quickly solve problems and establish an
experience database; enhance the problem-solving capabilities of on-site team leaders to reduce
non-operational time; reinforce the "Three Real Principles" (real place, real thing, real situation) for
problem-solving, and boost the quality awareness of front-line employees on site.
(8) QCC Improvement Activities:Through teamwork, we identify and solve practical problems,
thereby improving work e?ciency and product quality. These activities bring considerable ?nancial
bene?ts by reducing costs and waste. At the same time, QCC programs enhance employees' overall
capabilities and strengthen team cohesion, promote corporate culture development, and inject
sustained momentum into our long-term and stable growth. In 2025, a total of 17 QCC projects were
initiated, including 11 on-site improvement projects, 3 process improvement projects, 1 market issue
improvement project, and 2 design improvement projects.
ESG Report
Goldcard National Technical Service Network
Service Philosophy
We consistently uphold "Customer-Oriented" as our core service value, focusing on client needs
throughout the entire lifecycle to ensure maximum value realization for our customers.
Core Services
Professional Equipment Maintenance
Comprehensive Technical Training Across the Full Lifecycle
We provide uninterrupted service 24 hours a day, 7 days a week, always on standby to respond to
customer needs.
Rapid Response Mechanism
We guarantee a 30-minute rapid response, maintaining a transparent service process with
real-time updates on processing progress.
Full Cycle On Site Service
Pre-Installation: We conduct on-site surveys of the operating environment and provide specialized
training for installation and O&M.
Post-Deployment Support: We perform multi-dimensional follow-ups via on-site visits, phone calls,
and doorstep consultations to dynamically track the operational status of our equipment.
Diversi?ed Training Matrix
Our training covers all technical dimensions, including equipment maintenance, software operation,
meter installation, on-site commissioning, technical support, solution planning, and remote
assistance.
Service Satisfaction
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Goldcard After Sales Service Commitments
After-Sales Service Certi?cation
(Certi?cation of After-Sales Service, After-Sales Service Maturity Certi?cation)
Case Study 2025 After-Sales Training and Skills Competition
Training Program Work Content Completion Status
Basic principles and fundamental
knowledge of ?owmeters
In 2025, a total of 100
Simple disassembly and assembly of
customer training sessions
?owmeters
Customer Training were completed, with over
Daily maintenance precautions for meters
Common ?owmeter fault types and
across all sessions.
troubleshooting methods
Anti-theft technical exchanges
In 2025, we participated in
and completed 5 Skills
Competitions organized by
Preparation of examination questions the ENN Group, with over
Skills Competition
and assessment criteria 500 participants from ?ve
provinces and cities taking
part in these events.
ESG Report
Excellent After-Sales Service and Customer Recognition
With our professional, e?cient and high-quality services, we have earned high recognition from
various partner gas companies. ENN Energy Holdings Limited (Langfang), Huidong Pipeline Gas
Company, and Xing'an League Zhongxing Industrial Gas Co., Ltd. have commended our service
performance and sent letters of appreciation. Furthermore, Changchun Gas Co., Ltd., Towngas Smart
Energy Company Limited (Jilin), Towngas Smart Energy Company Limited (Longkou), and Towngas
Smart Energy Company Limited (Benxin) have respectively presented silk banners to Goldcard as a
token of their gratitude.
科创攻坚 知产赋能 TECHNOLOGICAL
BREAKTHROUGHS
科技与知识产权是应对气候挑战、推动可持续发展的关键力量。金卡智能集团积
极响应SDG9与WIPO倡议，构建产学研协同创新体系，依托省级研究院与领先
实验室突破NB-IoT、超声波计量等关键技术，同时强化知识产权全周期管理，
以智慧科技驱动能源效率与产业升级。
Innovation-Driven Breakthroughs and 2025
Intellectual Property Empowerment
Technology and intellectual property are critical enablers for addressing climate challenges
科技与知识产权是应对气候挑战、推动可持续发展的关键力量。金卡智能集团积极响应SDG and advancing
sustainable development. We actively support SDG 9 and initiatives advocated by WIPO by building a
产学研协同创新体系，依托省级研究院与领先实验室，突破NB-IoT、超声波计量等关键技术，同时强化知识产权全
collaborative innovation ecosystem that integrates industry, academia, and research.
Leveraging our provincial-level research institutes and leading laboratories, we strengthen full-lifecycle
周期管理，以智慧科技驱动能源效率与产业升级。
intellectual property management. Through the application of smart technologies, we continuously
enhance energy e?ciency and promote industrial upgrading.
ESG Report
With the in-depth advancement of the clean and low-carbon transformation of energy, various
new forms of energy consumption are emerging continuously. In addition, with the release of policies
such as The "Current Situation, Development Trends and Policy Recommendations of the
Development of New Smart Cities in China" and "Notice on Deeply Promoting the Comprehensive
Development of IoT", as a leading digital energy products and solutions provider, we continuously
drive digital technologies to empower traditional energy management, support various forms of
energy management and comprehensive utilization, continuously improve energy e?ciency, and
innovate product technologies.
In accordance with the ISO 56000, we have issued many documents including "Goldcard
Innovation Management Measures", " Management Measures for Innovation Award Incentives",
"Goldcard Integrated Product Development (IPD) Process", " Project Approval Management
Speci?cation", "New Product Development Process", "Design and Development Control Management
Speci?cation", etc.
We implement the Dean Responsibility system for the research institute and have established an
organizational structure including a Decision-Making Advisory Committee, the Expert Advisory
Committee and various functional departments. By extensively learning from the successful concepts
and valuable experiences of domestic and international similar development centers, we have
formed a comprehensive operation mechanism. The mechanism is based on system management
and driven by the synergy of organizational development, ?nancial support, talent incentives,
environmental cultivation, and industry-university-research collaboration. The aim is to fully leverage
internal and external resources to strongly support our strategic advancement.
We actively promote multi-dimensional collaboration and innovation in industry, education,
research and application. We have partnered with many well-known domestic and foreign
universities and research institutions to build practical education bases. Several of our technologies
and achievements have reached leading levels in China and have been granted national patents,
generating signi?cant economic and social bene?ts.
"Goldcard Class" at the Annual Graduate Strategic Cooperation Agreement with the College of
Research Conference of China Jiliang University Control Science and Engineering of Zhejiang University
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We have established 12 provincial-level scienti?c and technological innovation platforms,
including the Zhejiang Provincial Key Enterprise Research Institute. We have also built a high-level
R&D and innovation team, which consists of 5 professors and PhD holders, 49 senior professionals,
and 1 talent recruited under provincial-level high-end talent programs. There are more than 500
research and development personnel in the team who hold a bachelor's degree or above or have a
professional title of intermediate level or above. Furthermore, our core team members have
participated in the drafting of a number of national, industrial, and local standards, leading the
development of gas metering and intelligent technology.
We have professional R&D and testing facilities and o?er good working environment, integrating
technical pre-research, product development, and product testing pre-veri?cation. Our actual R&D
facilities cover an area of 7,598 square meters, with the ?rst ?oor serving as a technology
achievement exhibition center, and the third and fourth ?oors dedicated to R&D and testing activities.
The Testing Center of our Research Institute comprises nine laboratories: Physical Laboratory,
Chemical Laboratory, Environmental Laboratory, Simulation Laboratory, Temperature Adaptability
Laboratory, IP Protection Laboratory, Electronic Laboratory, EMC Laboratory, and Real Gas Laboratory.
These labs cover testing for water and gas terminal equipment, aiming to conduct comprehensive
testing and validation of the overall design and compliance of our products. We also actively engage
in quality activities such as component testing, new device speci?cation approval, and daily
incoming material characteristic tests.
We are equipped with state-of-the-art scienti?c research, inspection and testing equipment,
including temperature adaptability testing standards, Spark-Optical Emission Spectrometer, Agilent
Power Analyzer, High-performance Oscilloscope, Signal Generator, Signal Analyzer, Network
Analyzer, Vibration Tester, EMC Tester, Piston-type Flow Standard Device and other scienti?c research
equipment.
Our laboratories are CNAS-accredited and have been recognized as the Key Laboratory for Flow
Metering Technology of Zhejiang Province. We are the earliest in China to engage in international
CNAS mutual recognition and the earliest to establish a natural gas real-gas ?ow calibration device.
Furthermore, we operate the only isothermal temperature adaptability test device, the only
piston-type gas ?ow standard device with 0.07% accuracy, and the nation's ?rst high-pressure loop
device. These industry-leading capabilities allow us to set a new benchmark for laboratory
construction within the industry.
High-Pressure Loop Test Facility Thermal Adaptation Laboratory Large-Scale Water Real Gas Laboratory
Loop Test Facility
Key Devices in the Laboratory
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Our long-term commitment to technical research and development has yielded signi?cant
returns in terms of technical achievements. We have introduced an internal ?ow analysis method for
?ow metering devices and integrated technologies such as NB-IoT communication and electronic
metering into smart terminals, e?ectively addressing technical shortcomings within the industry. Our
laboratory real-?ow calibration technology for natural gas ?owmeters and other ?ow standard
device technologies are internally recognized as world-leading. Furthermore, we have established a
large-scale intelligent pipeline network ?ow measurement and metering system, achieving digital
measurement and metering of ?ow data across the entire network. Notably, we have overcome
critical technical bottlenecks in high-pressure pipeline metering and testing, successfully ending the
long-term foreign monopoly in this ?eld.
During the reporting period, we successfully addressed 29 technical challenges, of which 23
have been applied in product development. Our Coriolis mass ?owmeter products have passed
various provincial and institutional tests, and the range ratio of 40:1has achieved internationally
recognized performance standards.
Wireless Remote Electronic
NB-IoT Smart Diaphragm Gas Meter Ultrasonic Gas Meter
Based on the NB-IoT network, our smart gas meters periodically transmit metering data, Our Residential JGU Series wireless remote transmission ultrasonic gas meters offer accurate
device operating status, and other relevant information to the backend. The backend and reliable measurement, wide measurement range, and compact design. Their performance
data center performs functions such as billing, settlement, and device anomaly alerts. complies with the standards of GB/T 39841-2021 "Ultrasonic Gas Meters" and JJG 1190-2022
The system integrates multimedia channels to enable services including remote recharge, "Ultrasonic Gas Meters." In 2025, this series successfully passed the OIML R137 certification
payment, and business inquiries. Furthermore, the meters incorporate edge computing by NMi (Netherlands), a world-leading authority in metrology, demonstrating that our products
technology, which allows for automatic shut-off in the event of anomalies such as have reached international standards.
micro-flow, over-flow, or constant flow, thereby enhancing end-user gas safety.
Safe and Smart Kitchen 2.0 Resident Combustible Gas Detector
The Safe and Smart Kitchen 2.0 uses the gas alarm as the central hub. Receiving
Goldcard Residential Combustible Gas Detectors are equipped with high-quality
commands from the Goldcard Cloud Platform via the NB-IoT network, the alarm pushes
laser-type gas sensors and feature a wide measurement range of 0–100% LEL.
these instructions to various smart terminals—such as gas meters, window openers, and
Supplemented by our self-developed full-range temperature compensation and anti-false
gas stoves—through NearLink communication. Conversely, these terminals can also
a l a r m a l g o r i t h m s , t h e s e d e t e c t o rs a c h i eve p re c i s e d e t e c t i o n o f n a t u ra l g a s
transmit device data back to the alarm via NearLink, which is then relayed to the
concentrations, overcoming the false alarm issues commonly caused by water vapor, oil
Goldcard Cloud Platform, creating a secure and intelligent modern kitchen environment.
fumes, alcohol, and acetic acid in traditional household alarms.
The NearLink technology is a new generation of short-range wireless connection
We have pioneered a multi-device linkage solution between meters and alarms, which
technology that is native to China. When connecting with other devices, NearLink alarms
can directly trigger the shut-off valve of the connected gas meter without the need for
offer several advantages, including lower power consumption, faster speed, lower
an additional solenoid valve, making the system more convenient. Furthermore, the
latency, more stable connections, wider coverage, and greater networking capabilities.
detector is the first in the industry to obtain NearLink Alliance certification, enabling
linkage with other devices such as window openers and exhaust fans to ensure the
personal safety of users when using gas.
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TUS Ultrasonic Gas Flowmeter Coriolis Mass Flow Meter
The TUS Series ultrasonic gas flowmeter features independent intellectual property rights Our TCF Series Mass Flowmeters are state-of-the-art Coriolis flowmeters that directly
and is characterized by its high accuracy, reliability, and stability. This product achieves measure the mass flow of various fluids. We have integrated an advanced DSP-based
an accuracy class of 0.5; it is available in a minimum diameter of DN50 and can electronics unit that combines excitation control, signal processing, calculation, and
withstand a maximum working pressure of 42 MPa. With multiple acoustic path layouts diagnostic functions. Our meters offer significant added value, including high accuracy,
and support for various communication methods, it meets the diverse needs of users. multi-variable measurement, expanded turndown, and high reliability.
The built-in temperature sensor can detect changes in pipeline temperature to They can directly and accurately measure the mass flowrate, density, and temperature of
automatically correct the expansion coefficient of the meter body, thereby improving fluids without being affected by fluid characteristics such as density or viscosity.
measurement precision under different operating conditions. Additionally, the TUS Series Furthermore, our products are independent of flow patterns, and no straight pipe
is equipped with 4G IoT technology, enabling data upload to cloud servers and sections are required for on-site installation. Notably, our expanded turndown of 40:1 has
facilitating full-lifecycle management of the product. reached internationally leading levels.
Electromagnetic Flowmeter Vortex Flowmeter
O u r T E F S e r i e s E l e c t ro m a g n e t i c F l ow m e t e r s a re b a s e d o n Fa ra d a y ' s l a w o f Our TVF Series Vortex Flowmeters measure fluid flow based on the Kármán vortex
electromagnetic induction and are designed to measure the volumetric flowrate of principle. As one of the representative instruments in flow measurement, their theory is
conductive fluids. Each meter consists of an electromagnetic flow sensor and an well-established, and they provide stable and reliable measurements. Within a certain
electromagnetic flow transmitter, available in both compact and remote (field) versions to Reynolds number range, the vortex frequency is unaffected by the medium's density or
meet various application requirements. viscosity and maintains a linear relationship with flow velocity, while the instrument
The products are stable and reliable, remaining minimally affected by flow patterns. By utilizing coefficient depends only on the bluff body and pipeline structure.
a 32-bit ultra-low power MCU with integrated FLASH memory, our meters demonstrate We widely apply this product to measure gases, liquids, and steam in industrial processes
excellent performance in integration, high-speed operation, and calculation precision. We across industries such as Chemical, Oil & Gas, Metal, Food & Beverage, Life Sciences, and
widely apply TEF Series for flow measurement of conductive liquids in closed pipelines across Power & Energy.
industries such as Chemical, Oil & Gas, Water & Waste Water, Metal, Textile, Paper & Pulp, Life
Sciences, Food & Beverage, Environmental Protection, Power & Energy, and other process
industries.
Examples of R&D Application
We implement the strategy of strengthening our enterprise through technology and talent,
pursuing a path of comprehensive, coordinated, and sustainable development. We accelerate the
transformation of our growth model, enhance our independent innovation capabilities, leverage our
traditional strengths, and actively explore frontier technologies. We continuously conduct research
on key technologies such as AI modeling for intelligent management of public utilities, edge
intelligent processing of instrument terminals, intelligent networking, network security and
information security. We have created a full-industry-chain product system covering "cloud-network
ESG Report
-edge-terminal-chip-intelligence-chain," developed competitive technological products and
solutions, and focused on driving innovation through the integration of resources and digitalization.
We aim to improve the comprehensive digital management ability of public utilities, create a model
of safe, intelligent, clean, and e?cient urban comprehensive energy services, and contribute to the
achievement of the carbon peak and carbon neutrality goals for the whole society.
We address the market demand for process metering in sectors such as the West-East Gas
Pipeline national network, petrochemical, and chemical industries, enabling the engineering and
industrialization of intelligent ?ow metering instruments under complex media and high-stability
working environments. We have achieved breakthroughs in key core technologies, critical equipment,
and critical technical bottlenecks for various process metering instruments. We are also exploring and
establishing a mechanism where production factors such as knowledge, technology, and data are
evaluated by the market for their contributions and rewarded accordingly. By integrating innovation
resources from upstream basic and applied research institutes, as well as our subsidiary research
institutes, we serve as a bridge between industrial development and technological innovation. We
are enhancing our industrial research and system integration capabilities and building an open and
shared industry innovation service platform.
The NearLink-enabled smart gas meters and alarms developed by Goldcard have both been
awarded the ?rst batch of national NearLink certi?cations. Concurrently, in collaboration with China
Telecom Quantum Information Technology Group Co., Ltd. (China Telecom Quantum Group) and
E-Sur?ng IoT Tech Co.,Ltd, we released the nation's ?rst integrated gas and water solution
empowered by quantum technology. We develop high-end, high-performance self-diagnostic mass
?owmeters, breaking the monopoly of international products. Additionally, we have developed
hydrogen-blending metering devices and hydrogen-compatible instruments, strengthening our
specialized capabilities in hydrogen-blended gas metering. To address gaps in AI and intelligent
technologies, we are developing vertical large language models speci?cally for the gas industry.
Research Project Main Contents
Based on the technical breakthroughs in "digital-driven & precision sensing," we have enabled the mass
?owmeter to diagnose and alarm for gas-containing multiphase ?ows, achieving stable measurement
Core R&D Technology of in complex ?uid environments. We have also realized self-diagnosis and alarm for pipe damage such
Mass Flowmeter as erosion and corrosion. With high measurement accuracy and superior zero-point stability, our
products are now benchmarking against international brands, e?ectively ?lling the gap for domestic
mass ?owmeters in the high-end market.
We conduct terminal technology research on ?ow sensors, meter body structure, sensor layout, lining
materials, and complex ?uid metering. In parallel, we are advancing intelligent research in areas such
Core R&D Technology of as multiphase ?ow, signal noise optimization, AI-based fault self-diagnosis, and smart optimization
Electromagnetic Flowmeters control. Our goal is to develop electromagnetic ?owmeters characterized by high stability, high
precision, high applicability, and an expanded turndown.
We are committed to addressing the metering challenges of hydrogen-blended natural gas, thereby
laying a solid foundation for the widespread application of hydrogen energy. Our R&D e?orts include
R&D of Hydrogen Blending developing ultrasonic ?owmeters suitable for hydrogen-blended natural gas, Turbine gas ?owmeters,
Metering System Solutions Tri-rotor gas ?owmeter, and online gas chromatography analyzer. Furthermore, we are designing
hydrogen-blending test devices, establishing a traceability system and standards, and developing a
comprehensive management platform for hydrogen-blended natural gas.
Based on General-Purpose Large Language Models integrated with professional knowledge in the gas
?eld, we conduct Pre-Trained of mainstream models, prompt engineering, and model Fine-Tuning to
R&D of Vertical Large-Language- capture the unique linguistic patterns and professional knowledge structures of the gas industry. We
Model for the Gas Industry aim to develop vertical Large-Language-Models for the gas industry to enhance the intelligence level
of gas system operations and provide precise and e?cient data analysis and decision support for the
gas sector.
Cutting-edge Innovation Technologies
Make life better
During the reporting period, we were awarded 4 provincial and ministerial-level science and
technology awards, including one First Prize of Scienti?c and Technological Progress Award from the
Chinese Society for Measurement, one First Prize of Scienti?c and Technological Innovation Award
from the China Society for the Promotion of Science and Technology Commercialization, 2025 Second
Prize of the China Instrument and Control Society Award for Scienti?c and Technological Progress,
and Third Prize of the China Machinery Industry Science and Technology Award. We have undertaken
two National Key R&D Program projects and one science and technology project from the State
Administration for Market Regulation (SAMR). We also spearheaded two major provincial-level
research or intellectual property projects, including the Zhejiang "Lingyan" Applied Basic Research
Program, and led one key municipal research project in Hangzhou.
Furthermore, we obtained one recognition for the Zhejiang Provincial First Unit (Set) Product and
one recognition for the First Version Software in Hangzhou. Notably, one of our major scienti?c and
technological achievements was appraised as reaching internationally advanced levels by an expert
panel organized by the Economy and Information Technology Department of Zhejiang. Additionally,
one of our AI services successfully completed the Generative AI Service Filing with the Cyberspace
Administration of China (CAC).
Leading the way in national scienti?c research, we have played a pivotal role in the National Key
R&D Program, speci?cally under the "Key Technologies and Equipment for Sustainable Urban
Development" special initiative for "Research and Demonstration of Key Technologies for Hazard
Identi?cation and Control in Urban Gas Systems," and the "National Quality Infrastructure (NQI)
System" special initiative for "Integrated Application and Demonstration of NQI Key Technologies for
In-service Urban Gas Pressure Regulating Devices." We also participated in the Zhejiang Provincial
Key R&D Program "Jianbing" project for "Research and Application Demonstration of Key Technologies
for Hydrogen-Blended Natural Gas Metering" and undertook a science and technology program
project from the State Administration for Market Regulation (SAMR) titled "Research on Key
Technologies for Hydrogen-Blended Natural Gas Flow Calibration Based on Alternative Media."
We have long prioritized intellectual property as a key focus of our operations, implementing
comprehensive management across IP strategic planning, creation, utilization, and protection.
Furthermore, we conduct specialized management in areas such as the utilization of patent
intelligence, high-value patent portfolio development, patent navigation analysis for technology
roadmaps, the industrialization of patented technologies, and the global positioning of our
commercial brands.
Based on IP categories (patents, trademarks, copyrights, trade secrets, etc.) and business
characteristics (portfolio development, processes, operations, protection, etc.), we implement
classi?ed and hierarchical management of IP operations, supported by a comprehensive IP
management system. In compliance with laws and regulations, including the "Patent Law of the
People's Republic of China," "Trademark Law of the People's Republic of China," and "Copyright Law
of the People's Republic of China," we have established an "Intellectual Property Management
System" in accordance with the requirements of the "Enterprise Intellectual Property Compliance
Management System-Requirements", which has been maintained in e?ective operation over the long
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term. During the reporting period, guided by the indicators of the innovation and IP management
capability evaluation system, we established innovation-IP management processes and built an
indicator system based on ISO 56005 "Classi?cation and Evaluation of Innovation and Intellectual
Property Management Capabilities." And we obtained the certi?cation of ISO56005 - Innovation and
Intellectual Property Management (Level 3).
The Certi?cation of ISO56005 - Innovation and Intellectual Property Management (Level 3)
We integrate patent management into both technology development and IPD (Integrated Product
Development) projects.
In technology development projects:
Before project initiation, we collect existing patented technologies, learn and re-innovate current
technologies, and formulate independent R&D plans. This approach avoids redundant R&D waste,
mitigates potential patent risks, and ensures the development of more advanced technologies that
can withstand market tests.
During the mid-stage of project development, we perform retrospective patent searches on
existing technologies to avoid newly published patents.
Before project closure, we collate innovative achievements, complete patent applications, and
incorporate the results into the our technology database for knowledge management.
In product development projects:
Before project initiation, we conduct detailed patent planning, investigate technological
development trends, evaluate existing patents, identify and leverage the Company's technology
database, and apply the resulting technologies to product development.
After project approval, we ?rst conduct an appearance review to con?rm no infringement risks
for product designs and apply for protection of original design innovations.
During the TR3 system design and TR4 structural design stages, we perform FTO (Freedom
-to-Operate) searches to proactively avoid prior technologies, reduce patent infringement risks, and
timely apply for patents to protect innovation results.
At the TR6 stage (before product launch), we review the overall patent management of the
project to con?rm low infringement risks for market entry and revisit patent outputs to address any
gaps in patent applications.
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By integrating patent management with development processes, we ensure the rapid
application of technologies generated during development and the e?ective implementation of
related patents. Meanwhile, through patent-product project-based management, our marketing
department can e?ciently access patent authorization information, combine it with market
promotion in a timely manner, and enhance product competitiveness.
We have obtained 2,194 intellectual property rights, including more than 200 invention patents,
demonstrating our strong technological capabilities and continuous innovation performance.
Patent Analysis and Protection Are Integrated Throughout the IPD Development Process
系统减碳 绿动未来
应对气候变化、推进绿色转型已成为全球共同行动。金卡智能集团积极融入国家
“双碳”战略与生态文明建设，将绿色发展深植运营体系，系统构建并持续优化
ISO 14001环境管理体系，推动污染预防与资源循环，为守护生态环境、迈向碳中
和贡献力量。
Carbon Reduction,
Driving a Green Future
Addressing climate change and advancing the green transition have become
应对气候变化、推进绿色转型已成为全球共同行动。金卡智能集团积极融入国家 “双碳” shared global priorities. We
战略与生态文明建设，将绿
actively align with China's national carbon peaking and carbon neutrality goals and ecological civilization
色发展深植运营体系，系统构建并持续优化ISO 14001环境管理体系，推动污染预防与资源循环，为守护生态环境、
initiatives. We have embedded green development principles into our operational system, systematically
established
迈向碳中和贡献力量。 and continuously optimized our ISO 14001 Environmental Management System, and promoted
pollution prevention and resource circularity, contributing to environmental protection and the transition
toward carbon neutrality.
ESG Report
We strictly comply with laws including the "Work Safety Law of the People's Republic of China",
"Prevention and Control of Occupational Diseases Law of the People's Republic of China", "Fire Law of
the People's Republic of China", and "Environmental Protection Law of the People's Republic of China".
In accordance with legal requirements and internal management needs, we have established an EHS
system, which includes documents such as the EHS Management System and the Hazardous Waste
Management System. We conduct annual assessments of legal applicability and set measurable EHS
objectives to ensure full implementation of our EHS management requirements.
Items Target Actual Achievement
Situation Status
Employee occupational disease 0 0 Completed
Hazardous waste collection and compliance rate 100% 100% Completed
Exhaust emission compliance rate 100% 100% Completed
Company environmental pollution accident 0 0 Completed
External surveillance written serious non-compliance 0 0 Completed
We have established an EHS management framework with a dedicated Work Safety Committee,
composed of the General Manager of the Manufacturing Center and relevant safety o?cers. The
Committee is responsible for implementing EHS strategies, establishing work safety management
systems, formulating safety protocols, and advancing EHS education and training programs,
ensuring the comprehensive implementation of our EHS management practices across all operations.
Safety Production
Team Leader
General Manager
EHS Department
Supervisor,
Engineer
Equipment Engineering Planning and Material Warehousing and Manufacturing Technology and
Logistics Department Quality Department
Department Control Department Department Process Department
Equipment Department Planning Department Warehousing Manufacturing Quality Department Process Department
Leader Leader Department Leader Department Leader Leader Leader
Safety Production Management Network
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We continuously strengthen our EHS system through certi?cation and standardization, ensuring
systematic governance across all operations. Our Group and all subsidiaries have established
internal environmental management systems, achieving certi?cations including ISO 14001
(Environmental Management Systems) and ISO 45001 (Occupational Health & Safety), while our
Manufacturing Center holds a Level II Work Safety Standardization Certi?cate.
We proactively conduct regular reviews and assessments of our EHS program to ensure the
e?ectiveness of our management system. We implement routine compliance management for waste,
wastewater, and exhaust gas, and engage independent third-party certi?cation bodies for annual
environmental management system compliance audits, with recerti?cation reviews conducted every
three years.
We have formulated systems including the "Hazard Identi?cation, Risk Assessment, and Control
Measures Procedure" and the "Hazard Investigation and Governance Management System." We
actively conduct safety risk control and hazard inspections (including regular, holiday, and
specialized checks) to continuously identify risk points. Through improved risk control measures, we
manage environmental and safety risks. At the same time, we continue to improve our emergency
management system by establishing the "Work Safety Accident Emergency Plan," clarifying
emergency organizational structures and responsibilities, and conducting comprehensive drills to
enhance our incident response capabilities.
We strictly comply with laws including the "Prevention and Control of Occupational Diseases Law
of the People's Republic of China" and the "Regulations on Occupational Health Supervision in
Workplaces," creating healthy and safe working environments to provide our employees with
comprehensive health protection. We conduct occupational health assessments, integrating health
measures when introducing new processes and equipment. We regularly monitor occupational
hazard factors, inform employees about the risks associated with their positions, provide necessary
personal protective equipment (PPE), and conduct annual occupational disease screenings.
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We strictly comply with laws including the "Environmental Protection Law of the People's
Republic of China," working to protect and improve the environment, prevent and control pollution
and other public hazards, safeguard public health, advance ecological civilization, and promote
sustainable socioeconomic development. We have formulated the "Environmental Factor
Identi?cation and Evaluation Procedure" and actively identify environmental factors, implementing
corresponding measures.
We conduct regular compliance management for waste, wastewater, and exhaust gas, and
undergo environmental management system compliance audits by independent third-party
certi?cation bodies. We have signed disposal contracts with quali?ed hazardous waste disposal
entities to regularly dispose of hazardous waste.
To ensure the environmental compliance of our production, in 2025 we carried out the
environmental impact assessment (EIA) and completion acceptance procedures for the technical
upgrade project with an annual production capacity of 10 million smart gas meters.
Our Safety Department conducts daily on-site inspections, and the Work Safety Committee
regularly organizes weekly, monthly, holiday, and specialized inspections. We cooperate with
government authorities and their entrusted third-party departments for routine inspections,
achieving a 100% hazard recti?cation rate.
We have formulated the "Work Safety Accident Emergency Plan" and regularly conduct drills as
outlined in the plan, including ?re evacuation, chemical spill response, and elevator entrapment
rescue exercises.
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Types of Objectives of
Emergency Drills On-site Photographs
the Drill
and mutual rescue awareness.
Elevator Entrapment 2.To verify the response speed of
Emergency Drill maintenance units and ensure the
e?ectiveness and timeliness of rescue
operations.
Con?ned Space Ope- rescue procedures.
ration Emergency Drill 2.To enhance employees’ emergency
response and rescue capabilities.
Emergency Response To enhance employees’ safety awareness
Drill for Hazardous and response capabilities in handling
Waste Leakage emergency incidents.
Emergency Response interlocking system in the NDT room.
Drill for Radiation 2.To enhance employees’ emergency
Source Leakage in the response capabilities.
NDT Room 3.To improve employees’ emergency
evacuation and risk-avoidance awareness.
To handle our workplace emergencies, our Safety Department leads the establishment of the
Emergency Response Team (ERT). All our members undergo quarterly internal and external
emergency training, including Red Cross rescue training and ?re hydrant operation drills.
All new employees are required to undergo EHS training and assessments before employment,
while existing sta? receive regular EHS training. The Work Safety Committee holds quarterly meetings
to provide EHS legal and regulatory training for the leadership team, along with specialized
environmental training for workshops handling hazardous chemicals and warehouse departments
managing hazardous waste.
ESG Report
Climate change is one of the primary global risks today. While continuously a?ecting the human
living environment, it also impacts our business operations. We and our major subsidiaries actively
respond to China’ s goals of reaching carbon peaking by 2030 and achieving carbon neutrality by
International Sustainability Standards Board (ISSB), we have organized our climate change
management system across four dimensions: governance, strategy, risk management, and metrics
and targets. Through this approach, we identify climate-related risks and opportunities,
incorporating climate change mitigation and adaptation into our daily management.
Third-Party Veri?cation Statement of Greenhouse Gas Assertions
Zhejiang Provincial Green and Low-Carbon Zhejiang Provincial Green and Low-Carbon
Factory Certi?cation Factory Certi?cation (Tancy)
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We attach signi?cant importance to climate-related risks and opportunities, and have
established a climate-related management framework and operational mechanisms to integrate
climate-related risks into our Group's overall risk management work. Our relevant functional
departments, branches, and subsidiaries incorporate climate change management into their daily
management priorities.
We identify climate-related risks to our operations and are integrating these risks and
opportunities into our enterprise risk management. Our focus includes identifying the primary
sources of greenhouse gas (GHG) emissions and continuously re?ning emergency plans for extreme
weather. Furthermore, we promote regular climate risk assessments and optimization across all
operational units to strengthen our overall climate resilience.
We encourage our employees to adopt paperless operations to reduce greenhouse gas
emissions. We design energy-saving and consumption-reduction projects, continuously optimizing
emission reductions through self-audits on energy conservation. Additionally, we implement
technological innovations and automation equipment to enhance production e?ciency, thereby
lowering raw material and energy consumption per unit product.
We have established a regular carbon data collection and disclosure mechanism to periodically
track greenhouse gas (GHG) emissions and intensity, allowing us to objectively assess our climate
management performance. Building on this foundation, we will utilize annual carbon footprint
results to set science-based emission baselines, providing the essential data support needed to
de?ne clear and actionable carbon reduction targets.
We strictly adhere to the environmental principle of "prevention ?rst, combining prevention and
control, and comprehensive utilization," alongside our safety management policy of "safety ?rst,
prevention foremost, and integrated management." We continue to increase our EHS investment to
meet the evolving environmental, health, and safety management needs of our development. In
primarily for upgrading and maintaining environmental facilities and waste treatment. Our
safety-related investment totaled RMB 2.57 million, mainly dedicated to the operation and
maintenance of safety facilities and employee protection, thereby strengthening the foundation for
our sustainable development.
We achieve green and low-carbon development through process improvements, production
equipment upgrades, energy structure optimization, production e?ciency enhancement, the
development and provision of green products and services, and strengthened management
practices.
ESG Report
Hangzhou Manufacturing Base: Following the implementation and grid connection of our
rooftop photovoltaic (PV) project in 2024, we generated 540,000 kWh of electricity in 2025, saving 226
tons of standard coal and reducing CO₂ emissions by 421 tons.
Wenzhou Manufacturing Base: By utilizing 7,300 m? of rooftop area for our PV project, we
generate 1.6 million kWh of electricity annually, saving 640 tons of standard coal and reducing CO₂
emissions by 1,595.8 tons.
Hangzhou Photovoltaic Project Wenzhou Photovoltaic Project
Energy Conservation:
Conversion of the oxidizing Roots blowers
to air-suspended blowers, resulting in annual
electricity savings of 80,000 kWh.
Energy Storage:
We utilize peak shaving and valley ?lling,
with an installed capacity of 400 kW/860 kWh,
achieving annual electricity cost savings of
?400,000 and delivering signi?cant economic
and environmental bene?ts.
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Welding Fume System Upgrade:
Before Implementation, our enclosed welding workshop
su?ered from signi?cant fume and dust accumulation, as the
o r i g i n a l w e l d i n g f u m e sy s t e m fa i l e d t o m e e t o p e ra t i o n a l
requirements.
After Implementation, by upgrading to an automated fume
extraction system, we have achieved a smoke-free environment in the
workshop, e?ectively ensuring the occupational health of our
employees.
Automatic Loading and Unloading:
Previously, loading and unloading were performed manually.
After implementing robotic automated loading and unloading,
combined with pneumatic ?xtures for automatic clamping, the process
now reduces manual operations, lowers energy consumption, and
improves production accuracy.
We have designed the "Waste Gas Management Measures," "Wastewater Management Measures,"
and "Waste Management Measures," outlining detailed full-process management work?ows for
emission of waste gas, wastewater, and other wastes–from generation to treatment and disposal.
We comply with national and local regulations to obtain a Pollutant Discharge Permit, rigorously
conduct discharge declaration and registration, and establish a wastewater treatment system. Wastewater
generated during production operations undergoes neutralization, ?occulation-sedimentation, and
internal circulation anaerobic sludge bed (IC-ASB) process, and is discharged only after meeting the
required standards.
Industrial Wastewater:we adopt neutralization, ?occulation sedimentation, and internal
circulation anaerobic sludge bed (IC-ASB) process.
Domestic Wastewater:Our kitchen wastewater is pre-treated in grease traps, then combined
with domestic sewage for septic tank treatment. Once it meets discharge standards, it is
discharged into the municipal sewer network.
Online Wastewater Monitoring System:The system provides real-time automatic alerts if
discharge levels fail to meet standards, ensuring compliant wastewater emissions.
Self-Monitoring of Wastewater:Daily inspections are conducted, with monthly re-inspections
for veri?cation.
ESG Report
We have formulated the "Waste Gas Management Measures" to provide detailed oversight of
emissions generated primarily from welding, pickling, spray painting, and adhesive dispensing. Our
management approach ensures full-process control, covering collection, treatment, and monitoring.
Moisture-proof & Adhesive Dispensing Gases:Collection + Wet Scrubbing + Activated Carbon
Adsorption + 18m Stack Discharge
Welding Fumes:Collection + Pulse Filtration + 18m Stack Discharge
Pickling Gases:Collection + Type II Water-Alkaline Water Wet Scrubbing + 12m Stack Discharge
Spray Painting Gases:Collection + Wet Scrubbing + Activated Carbon Adsorption + 18m Stack
Discharge
Boiler Exhaust Gas:Monitored on a monthly basis
Other Exhaust Gases:Monitored semi-annually
Fume Treatment System (Original) Welding Exhaust Gas Treatment Facilities (Newly-added)
In 2025, recognizing that our original exhaust gas treatment facilities in the welding room were
underperforming, we upgraded the fume treatment system. This new system achieves an air exchange
rate of 25–30 times per hour, meeting rigorous environmental design standards. This investment has
signi?cantly improved the disposal of welding fumes, enhanced workshop air quality, and safeguarded
the health and rights of our frontline employees.
We have established the "Waste Management Standard" and "Solid Waste Management
Measures" to systematically advance waste reduction at source and resource recovery. By adhering to
classi?ed management and separate disposal practices, we ensure that all waste is properly sorted
and handled in a standardized manner. This approach guarantees compliance throughout the
treatment process, e?ective pollution control, and minimizes our environmental impact to the
greatest extent possible.
General Solid Waste:Classi?ed Collection + Centralized
Treatment
Hazardous Waste:Centralized Collection+Agreement Signed,
Entrusted to External Quali?ed Agencies for Treatment
Domestic Waste:Entrusted to Sanitation Department for
Treatment
At the same time, we implemented the Zhejiang hazardous
waste digital coding system, enabling real-time data linkage
between hazardous waste storage and dispatch volumes and the
provincial hazardous waste management platform. Hazardous
waste labels can be generated automatically, and operations are
connected with the Environmental Protection Bureau's system to
facilitate comprehensive monitoring and supervision of hazardous
waste management activities.
Monitoring of the Zhejiang Hazardous Waste Digital Coding System
金卡智能，让生活更美好
Goldcard,Make life better
生态协同 韧链共荣 ECOLOGICAL
SYNERGY
在全球产业链重塑与供应链韧性升级的背景下，金卡智能集团将ESG理念贯穿供应
链管理全过程。通过严格准入、动态评估、绿色采购与数字化协同，签订“阳光采
购协议”以及定期开展技术帮扶交流等举措，携手供应商共建安全、韧性、负责任
的产业生态，共担社会与环境可持续发展的长远责任。
Ecosystem Collaboration 2025
and Supply Chain Resilience
Amid the restructuring of global industrial chains and the enhancement of supply chain resilience, we
在全球产业链重塑与供应链韧性升级的背景下，金卡智能集团将ESG理念贯穿供应链管理全过程。通过严格准入、
integrate ESG principles throughout the entire supply chain management process. Through stringent
动态评估、 绿色采购与数字化协同，
supplier admission 签订 “阳光采购协议”
standards, dynamic performance以及定期开展技术帮扶交流等举措，
evaluations, green procurement携手供应商共建安全、
practices, and digital
collaboration, we strengthen responsible supply chain governance.
韧性、负责任的产业生态，共担社会与环境可持续发展的长远责任。
By signing the "Integrity and Transparency Procurement Agreement" and regularly conducting technical
exchange and capacity-building initiatives, we work closely with suppliers to build a secure, resilient, and
responsible industrial ecosystem, jointly undertaking long-term social and environmental sustainability
responsibilities.
ESG Report
We implement a strict and standardized supplier access process. When selecting suppliers, we
require them to complete the "Supplier Information Questionnaire." Based on the "Supplier Access
Audit On-site Evaluation Form" from our professional team's factory audit, we select quali?ed
suppliers according to product quality standards, testing veri?cation, process testing, and stability,
while strictly adhering to the basic threshold requirements for supplier access. Under the same
conditions, we prioritize suppliers with high comprehensive evaluations and ISO series management
system certi?cations, and continue to increase the proportion of high-quality suppliers.
Before a supplier is regarded as a quali?ed supplier, both parties sign the "Annual Procurement
Framework Agreement", "Quality Assurance Agreement", "Non-Disclosure Agreement" and "Corporate
Social Responsibility Agreement" to establish a high-quality, trustworthy, healthy, and secure supply
chain cooperation relationship.
Supplier Y Supplier
Y Supplier Y
Development On-site Audit
Investigation Written Review
Requirements
N N N
N Y
OA Record Creation Potential Supplier
Adding to the
Quali?ed Supplier
Y Evaluation
List
Contract Signing Product Validation
New Supplier Development Procedure Flowchart
We classify suppliers into four categories: strategic suppliers, core suppliers, potential suppliers,
and general suppliers, based on factors such as purchase amount, material category, risk level, and
irreplaceability. We develop di?erent management strategies for each supplier category, and update
the supplier classi?cation list annually.
Strategic Suppliers Core Suppliers
We maintain long-term, close-knit cooperation to establish mutually we maintain steady cooperation, continuously enhancing product
bene?cial partnerships. Through deep-level collaboration in R&D, quality through technical exchanges and seminars. We also prioritize
quality control, and cost innovation, we aim to bolster our collective the adoption of their latest product innovations to drive technological
market competitiveness. synergy.
Potential Suppliers General Suppliers
We maintain standard cooperation and provide ?nancial ?exibility by
We maintain a robust emergency backup supplier resource pool,
adjusting payment terms when necessary to support their business
actively fostering their development to ensure supply chain continuity.
operations.
Importance to the Supplier
Supplier Classi?cation and Management Framework
Make life better
We have established a comprehensive supplier evaluation system and conduct relevant
evaluations annually based on the "Quali?ed Supplier Performance Management Process" and
"Supplier Annual Audit." Our relevant departments (including R&D, Production, Quality, Finance,
Supplier Management, etc.) are responsible for evaluating their respective areas and preparing
annual evaluation reports, which are then summarized, scored, and reviewed.
Supplier
Quali?ed Supplier Daily
Supplier Audit Quali?cation
Supplier Management Revocation
Supplier Component The Quality Department is Assess suppliers' delivery, cost, Performance score below 80
Approval/Assessment responsible for the daily quality quality performance, etc. for three consecutive times.
Approval. performance of suppliers. Provide guidance or eliminate Annual review fails or
non-compliant suppliers. re-evaluation also fails.
Supplier elimination based
on quality, R&D, process, and
procurement review
decisions.
Our Quali?ed Supplier Performance Monitoring and Management Process
Quality Performance Technical Support
We perform a multi-dimensional assessment Technical support is evaluated based on
of quality performance, covering material responsiveness to new product sampling,
conformance rates, in-process quality the punctuality of mold delivery, and active
consistency, market satisfaction, and the engagement in industry technical
e?ectiveness of quality improvement exchanges.
initiatives.
成本支持 交付能力
We assess cost support through pricing We evaluate delivery capability based on
competitiveness, the ?exibility of payment responsiveness to urgent orders, on-time
terms, and overall cost optimization delivery rates, standardization of
support. documentation, and overall delivery
satisfaction.
Supplier Performance Evaluation
The annual comprehensive evaluation results of suppliers are classi?ed into four levels: A, B, C,
and D. or Grade A preferred suppliers, we o?er incentive policies such as priority involvement in new
product development, increased procurement share, and favorable payment terms (including a
higher proportion of telegraphic transfers).
For suppliers with substandard performance, we issue formal remediation requirements, guiding
them to develop improvement plans with de?ned targets and timelines to enhance their
performance. Suppliers who successfully meet these remediation standards may have their quali?ed
status reinstated. However, for those who fail to implement timely or e?ective corrective actions, we
will initiate a formal decommissioning process to remove them from our Quali?ed Supplier List and
suspend all business cooperation.
ESG Report
In 2025, we engaged in deep strategic cooperation with well-known domestic and international
enterprises through on-site visits, friendly matches, supplier conferences, and daily business
activities. These initiatives have played a pivotal role in bolstering the resilience, stability, and
sustainability of our supply chain.
Case 1 IoT Leading the Way, NearLink Shaping the Future
We have forged a deep strategic partnership with HiSilicon Technologies Co., Ltd. to jointly
develop, apply, and promote NearLink technology across the smart gas, smart water, and new
energy sectors. Compared with traditional wireless communication protocols, NearLink delivers six
times faster transmission speeds, twice the coverage range, and ten times the terminal connectivity
capacity. Furthermore, it achieves decimeter-level positioning accuracy and a 40% reduction in
energy consumption, while ensuring more stable connections. By applying NearLink technology to
the gas sector, we have addressed the technical bottlenecks inherent in short-to-medium-range
communications (such as Bluetooth), thereby bolstering the safety, e?ciency, and reliability of the
gas industry.
Case 2 Green Development
In 2025, we advanced our deep strategic layout in the lithium battery business alongside EVE
Energy Co., Ltd., solidifying a long-term, stable, and cohesive partnership. By synergizing our e?orts
in product innovation and development, we are building a win-win collaborative platform to
empower the high-quality development of the metering industry—striving to enhance quality of life
and foster greener urban environments.
Make life better
Case 3 Advancing Together
In 2025, we once again joined forces with Renesas Electronics Corporation to host a basketball
networking event. Through these matches, we strengthened our strategic synergy with our partner,
providing a healthy and proactive platform to foster physical ?tness and team cohesion. By
deepening the long-standing friendship between ourselves and Renesas, we are working in concert
to drive win-win progress across the metering industry.
To bolster our suppliers’ service capabilities, we maintain continuous engagement with our
partners. In 2025, we conducted quarterly site-exchanges with 18 lean benchmark suppliers,
culminating in bilateral engagements with 72 such suppliers annually to solidify our joint quality
management achievements. Meanwhile, we leveraged both digital and on-site channels to deliver
comprehensive training covering technical expertise, quality control, capacity optimization, and
service excellence.
We continue to expand our supplier base across new product categories, implementing a
diversi?ed sourcing strategy. In addition, we optimize regional layouts in Jiangsu, Zhejiang, and
Shanghai to reduce transportation cycles and shorten supply lead times. We have also introduced
short cycle suppliers to improve response speed and enhance supply ?exibility. Furthermore, we have
established risk prevention mechanisms for suppliers under extreme weather conditions such as
typhoons and high temperatures, ensuring supply chain stability. These measures aim to strengthen
the resilience of our supply chain, enhance our ability to manage risks, maintain stable supply, and
safeguard business continuity and sustainable development.
In 2025, we continued to engage in multiple industry-academia-research-collaborations with
institutions such as the China Electronics Standardization Institute, Zhejiang University, and the
Zhejiang Institute of Metrology. These collaborations focus on developing new product technologies,
automated production line equipment, and ?ow standard devices.
Key projects included:
Zhejiang provincial postdoctoral research program: collaborated with Zhejiang University.
ESG Report
Zhejiang provincial "Jianbing" and "Lingyan" R&D
breakthrough projects: collaborated with Zhe jiang
University of Technology, China Jiliang University, and
Zhejiang Institute of Metrology.
The Ministry of Housing and Urban-Rural Development
science and technology program:collaborated with North
China Municipal Engineering Design&Research Institute
Co., Ltd.
The digital transformation of the supply chain is a critical strategic initiative for us to address
evolving user demands and internal operational optimization needs, aiming to enhance overall
operational e?ciency, responsiveness, and risk/cost reduction. By leveraging data to visualize supply
chain operations, we use real-time data monitoring to identify and alert issues in business processes
promptly, triggering hierarchical alerts to relevant personnel and intervening in outcomes to ensure
process e?ectiveness and e?ciency.
We integrate Vendor-Managed Inventory (VMI) and Just-In-Time (JIT) logistics models to
continuously build cost competitiveness while maintaining on-time delivery and quality integrity,
achieving win-win situation for all parties across the entire supply chain. Through Material
Requirements Planning (MRP), Supplier Relationship Management (SRM), and Manufacturing
Execution System (MES), we ensure full-process control and sustained improvement in user
satisfaction.
We require all our suppliers to sign the "Corporate Social Responsibility Commitment", which
o u t l i n e s c l e a r m a n a g e m e n t re q u i re m e n t s fo r a re a s s u c h a s l a b o r a n d h u m a n r i g h t s ,
anti-discrimination, forced labor management, child labor prevention, working hours, overtime pay,
minimum wage compliance, freedom of association, and health and safety. Any breach of these
provisions may trigger immediate contract termination, and we reserve the right to pursue legal
recourse to ensure full accountability.
Integrity and Suppliers must maintain unwavering adherence to all applicable statutory regulations
Compliance within their operating jurisdictions.
We mandate the protection of individual dignity, personal privacy, and the inalienable
Human Rights fundamental rights of every person.
Suppliers must uphold the human rights of their workforce, ensuring every employee is
Labor Standards treated with dignity and professional respect in alignment with internationally
recognized conventions.
Health and Safety Suppliers shall strive to create safe and healthy working conditions for all employees,
in accordance with internationally recognized occupational health and safety standards.
Prohibited Business We enforce a strict ban on corruption and all unethical commercial conduct, requiring
Practices suppliers to uphold fair competition and absolute business integrity.
Supplier Social Responsibility Commitment of Goldcard Smart Group Co., Ltd. (Partial Excerpt)
Make life better
We not only integrate social responsibility practices into supplier onboarding and the ongoing
management of quali?ed suppliers, but also continuously empower our suppliers to enhance their
labor management capabilities. By organizing cross-industry benchmarking visits, we enable our
suppliers to adopt best-in-class workforce governance. Furthermore, we facilitate knowledge-sharing
forums focused on pivotal labor issues, including employee incentivization and optimized
human-machine resource allocation.
Concurrently, we champion green procurement principles by systematically integrating
environmental criteria into quality control, product design, sustainable packaging, and green logistics.
Through the establishment of strategic incentive mechanisms, we actively encourage suppliers to
mitigate the environmental footprint of our products throughout their entire lifecycle.
金卡智能，让生活更美好
Goldcard,Make life better
育才兴企 聚力启新 CULTIVATE TALENTS
UNITE EFFORTS
金卡智能集团视员工为可持续发展的核心力量，致力于营造公平、包容、安全
的工作环境，构建系统化培养体系与职业发展通道，严格落实职业健康安全管
理，全面激发组织活力，为员工成长与企业长远发展提供坚实支撑。
Growing Together: Our 2025
People and Our Future
We regard our employees as the cornerstone of our sustainable development. We are committed to
金卡智能集团视员工为可持续发展的核心力量，致力于营造公平、包容、安全的工作环境，构建系统化培养体系与
fostering a fair, inclusive, and safe work environment, establishing a systematic training framework and
职业发展通道，严格落实职业健康安全管理，全面激发组织活力，为员工成长与企业长远发展提供坚实支撑。
career advancement pathways, rigorously implementing occupational health and safety management, and
fully energizing our organization. These e?orts provide solid support for our employees' growth and our
long-term strategic development.
ESG Report
Employee Hiring and Compensation Policies
During the reporting period, we strictly adhered to relevant national and local laws and
regulations. Upholding the principles of fairness, impartiality and transparency, we formulated and
implemented a series of employee hiring and compensation policies. We are committed to building
harmonious and stable employment relationships, safeguarding employees' lawful rights and
interests, and promoting the mutual growth of our employees and the Company.
During the reporting period, we remained committed to supporting stable employment and
economic vitality. By expanding our business footprint and optimizing our organizational structure,
we sustained our contribution to the labor market. To address shifting market dynamics and evolving
business models, we successfully added 209 new positions, providing tailored career options for a
diverse workforce and fostering inclusive growth within the employment landscape.
We champion Diversity, Equity, and Inclusion and are dedicated to fostering an inclusive and
multifaceted work environment. As of the end of the reporting period, our total headcount stood at
degree or higher. This demographic pro?le re?ects a highly experienced and structurally balanced
team, providing a robust talent foundation to drive accelerated business expansion.
Social security and bene?ts: We strictly comply with legal requirements by providing
comprehensive social security—including pension, medical, unemployment, work-related injury, and
maternity insurance—alongside housing provident fund contributions for all eligible employees,
maintaining a 100% coverage rate. Beyond statutory requirements, we provide a robust suite of
supplemental bene?ts, such as annual health screenings, accident insurance, employee assistance
programs, and festive bene?ts, as well as continuous professional development. These initiatives
re?ect our commitment to a holistic approach to employee well-being.
Labor Dispute Resolution: We consistently adhere to the principle of prioritizing prevention and
negotiation in handling labor relations. During the reporting period, all labor disputes were properly
resolved through internal communocation, negotiation or statutory procedures. We have established
open channels for employee grievances and communication to ensure timely feedback and
resolution of employee concerns. Core employee retention rate remains at a healthy level. Through
exit interviews and other methods, we actively identi?es reasons for employee turnover and
continuously optimizes strategies of talent retention.
For our workforce, we strictly adhere to relevant laws, regulations and platform rules to ensure
them enjoy legitimate rights and interests commensurate with their job nature. Through clear
agreements de?ning work scope, compensation standards, payment cycles and safety
responsibilities, we strive to provide fair job opportunities and timely remuneration for workers while
prioritizing thier health and safety during work processes.
Make life better
in Recruitment and Hiring Procedures
We have established a comprehensive Recruitment and Hiring Management Policy. All positions
are recruited based on business needs and sta?ng plans, adhering to the principles of openness,
equality, competition and merit selection. Recruiment information is primarily published through
public channels such as the company website, mainstream recruitment platforms, and campus
recruitment initiatives, ensuring equal access to information for all potential candidates.
During the recruitment process, we maintain standardized and objective job criteria. Our
evaluation framework focuses exclusively on competencies, professional quali?cations, and relevant
experience, with a zero-tolerance policy toward any form of discrimination (including, but not limited
to, gender, age, ethnicity, or religious beliefs). Hiring decisions are based on holistic assessments,
with key positions requiring multi-round interviews and collective reviews to ensure impartiality.
Furthermore, we provide timely feedback channels for unsuccessful candidates.
Looking ahead, we will continue to enhance our employment policies and practices, deepening
the protection of labor rights and further optimizing a fair and transparent hiring environment. We
remain committed to building a harmonious, inclusive, and sustainable employment relationship,
securing a robust talent pipeline for our long-term stability while contributing to the stability and
quality of the broader labor market.
情况
We strictly adhere to laws and regulations such as the "Occupational Disease Prevention and
Control Law of the People's Republic of China" and the "Regulations on Occupational Health
Supervision and Management in Workplaces" to create a healthy and safe working and living
environment and provide more comprehensive and e?ective health safeguards for our employees.
We perform regular occupational health impact assessments and integrate occupational health
protocols into the deployment of new processes and equipment. Our management includes routine
monitoring of workplace hazard factors, and we ensure that all employees are fully informed of
potential occupational risks associated with their roles. Furthermore, we provide specialized Personal
Protective Equipment and mandate regular occupational health screenings to ensure the long-term
well-being of our workforce.
To e?ectively safeguard employee rights and interests and mitigate occupational risks, we have
fully paid work injury insurance for all workers in accordance with the law. During the reporting
period, the total investment of work injury insurance amounted to approximately RMB 1.437million,
achieving 100% coverage. To further bolster our risk resilience, we also maintained Work Safety
Liability Insurance, with an investment of approximately RMB 60,300 during the reporting period,
providing an additional layer of ?nancial protection for our operational activities.
ESG Report
We have continuously optimized occupational health and safety management system, strengthened
risk early warning and process control, deepened safety training and cultural cultivation, and persistently
enhanced intrinsic safety levels. These initiatives are fundamental to protecting the health and safety of
our people and ensuring the long-term sustainable development of the Company.
Empowering Employee Development
We embrace a "Talent-Led Growth" strategy, dedicated to building a learning-driven organization
and fostering a corporate culture rooted in proactive excellence and continuous innovation. Through
a structured training framework, dual-track career development pathways, and bespoke growth
support, we empower our workforce holistically. These initiatives are designed to unlock employee
potential and foster synergistic growth between our people and the Company, thereby solidifying the
intellectual capital necessary for our long-term prosperity and the creation of enduring social value.
To ensure systematic and e?ective training, we have established and continuously re?ned the
Training Management System, clearly de?ning management processes and responsibilities. As the
coordinating department, the Human Resources Center, based on our strategic goals and business
development needs, develops an annual training plan for all workers and adjusts it dynamically to
meet talent development requirements at each stage.
Our ?agship "Goldcard Academy" online learning platform serves as the centralized hub for
convenient and high-impact professional development for all employees. The platform seamlessly
integrates curriculum-based learning, knowledge management, and collaborative engagement. It
features an extensive repository of proprietary case studies and premium external learning
resources, enabling a culture of continuous improvement across the Company.
As of the reporting period, this platform has launched a total of 2,173 online courses, covering all
employees. Through both this platform and o?ine formats, over 100 training sessions were
conducted. The total online training hours reached 20,202.16 hours, with an average online learning
duration of 15.81 hours per person. Based on incomplete statistics, the annual average training
duration per person reached more than 40 hours, with learning engagement and commitment levels
continuously increasing.
Closely aligned with business strategy and talent cultivation, we have designed and
implemented multi-tiered, multi-dimensional specialized taining plans, ensuring that training
content resonates with organizational needs.
Make life better
This program is tailored for campus recruit and experienced hires, designed to help
newcomers quickly "understand the industry, integrate into the Company and define
their career path." The curriculum encompasses core organizational pillars, including
corporate heritage, cultural values, compliance and policies, operational workflows,
Sailing and professional ethics.
Program To ensure a seamless transition, every new hire is assigned a professional mentor.
(New Empoyee This is complemented by a digitized "Newcomer Growth Plan" that tracks progress
Training) throughout the probationary period, ensuring employees quickly build a sense of
belonging and achieve role competency. In 2025, we successfully conducted four
sessions of the "Sailing Program."
Launch This program focuses on the capability leap for frontline and mid-level managers.
Through systematic theoretical learning, case studies, hands-on workshops, and
Initiative mentor coaching, it aims to improve learners' core managerial abilities including
(Management team building, task execution, and cross-departmental collaboration. The initiative
Leadership seeks to cultivate a cohort of high-efficient managers embodying the "Goldcard
Development) characteristics," thereby strengthening the Company's managerial backbone.
This project is a strategic, business-centric program designed to bridge the gap
Sword-Sharp between learning and operational execution. Over a three-month intensive cycle, the
ening program utilizes a "Training-to-Action" model. The curriculum progresses from
Initiative strategic product planning methodologies to practical simulations and the resolution
(Product-Related of critical business pain points, concluding with outcome integration and a final
Business Training) performance review. This structured approach ensures that knowledge transfer is
progressively deepened and solidly translated into operational impact.
To accelerate the building of a versatile pre-sales talent team, we launched the
innovative "Pre-Sales Development" initiative in Q3 2025. This program is strategically
Pre-Sales
designed to eliminate knowledge silos between our gas and water utility business
Development segments, fostering a cohort of pre-sales engineers with dual-sector expertise. By
Program leveraging the transferability of cross-functional competencies, these specialists are
equipped to drive market expansion and top-line growth through enhanced human
capital capabilities.
We not only provide inclusive training resources but also prioritizes the personalized development
for employees. In 2025, we formally launched the Individual Development Plan (IDP) for key
personnel. High-potential and critical employees identi?ed through talent reviews will launch the
personalized IDPs together combining individual carrer aspirations and organizational development
needs. This program includes comprehensive competency assessments, strengths and develoment
identi?cation, and speci?c action plans (such as specialized training, project exposure, job rotations,
or mentorship). During the reporting period, the IDP covered more than 40 critical talents, providing
clear and customized career raodmaps for core talents.
ESG Report
Meanwhile, we are committed to a dual-track carrer development pathway (professional and
managerial sequences), providing diverse advancement opportunities for employees. To foster a
culture of continuous improvement, we proactively support employees in pursuing advanced
academic degrees and industry-recognized professional certi?cations. This approach ensures that
individual intellectual growth is seamlessly integrated with the Company's strategic knowledge
capital.
We embrace an open and collaborative learning philosophy, actively cultivating a knowledge
ecosystem that connects internal expertise with external insights. Beyond safeguarding and passing
down our internal knowledge, we proactively bridge the gap between our team and the wider
industry. By hosting seminars with industry authorities, participating in high-level forums, and
sponsoring key talent for advanced training at top-tier institutions, we broaden our employees'
strategic vision. This proactive engagement introduces cutting-edge ideas and ensures our
organizational knowledge base is continuously refreshed and upgraded.
We place high importance on the dialogue and collaboration with leading academic and
industrial institutions. During the reporting period, we actively dispatched representatives to
participate in high-level industry exchange activities.
Project Name Content Status Photos
This seminar featured in-depth technical The event convened nearly 100 stakeholders
from national metrology institutes, gas utility
sessions on international standards and
companies, and leading manufacturers. As the
International and advanced regulatory frameworks from the EU, Chair Organization of the Gas Meter Working
Domestic Technical US, Japan, and Australia. Key discussions also Committee, Goldcard played a leading role. Our
Standards Seminar focused on the revision of Type Evaluation senior experts, Mr. Weiming Dou (Head of
for Diaphragm Gas Outlines and Verification Procedures for Quality & Metrology) and Ms. Shuiyun Zheng
Meters diaphragm gas meters to ensure alignment (Senior Standardization Engineer), delivered
ke y n o t e p r e s e n t a t i o n s s h a r i n g o u r l a t e s t
with global benchmarks.
technical insights.
We o r g a n i z e d a s p e c i a l i z e d s e m i n a r o n
Centered on "measurement uncertainty," we "Evaluation of Uncertainty in Measurement for
Workshop on systematically explored the core methods of Instrumentation," featuring a lecture by
uncertainty evaluation by distinguishing the Researcher Wang Chi from the National Institute
Measurement
fundamental differences between metrology of Metrology, China. Nearly 100 participants,
Uncertainty including the Group's metrology-related
Evaluation for and measurement, and integrating theory
personnel, faculty and students from Zhejiang
Instrumentation with practice. After the training, a dedicated Institute of Quality Science and China Jiliang
and Metrology exchange session was held at the Group Flow University, as well as practitioners and
Laboratory. researchers in the metrology field, attended the
sessions both online and offline.
To systematically improve core talents' capabilities in strategic management, technological
innovation, international operations and specialized functions, we dispatched key employees to
participate in external high-quality training programs. In 2025, our external training initiatives
covered several key domains.
Make life better
Management and Organizational Buiding
We dispatched personnel to participate in the "DeepSeek-empowered Enterprise Innovation"
specialized seminar at Zhejiang University and the "Huaying Excellence Organization Practice
Training." These initiatives aimed to internalize advanced management philosophies, thereby
empowering organizational transformation and fostering a culture of innovation.
Occupational Health and Safety and
Sustainable Development
We participated in SCORE Program Training organized by the Emergency Management Bureau
to develop our knowledge and skills in workplace safety risk management and strengthen our
capability development about safety culture and sustainable development.
Professional Competency
Enhancement
To align with our business development needs, we organized core employees to participate
in a series of specialized training programs, including Quality Cost Control, Building a
Management System for Service Excellence, Practical Intensive Course on the Global Model
for International Human Resources, Overseas Operations and Contract Management, and
Compensation System Design and Implementation. Through these initiatives, we continuously
enhance the professional expertise of our various functional departments.
Through diverse external learning channels, we have e?ectively promoted the collision and
integration of advanced external knowledge with internal practical experience, assisting our
employees' continuous growth and reserving key capabilities for our strategic advancement and
global operations.
In the future, we will continue to deepen the "Talent-Driven Enterprise" strategy and continuously
increase our investment in employee training and development. We will further optimize our training
system, innovate learning technologies, and enrich course content. By building a more attractive
talent development ecosystem, we will constantly enhance employees' sense of gain and
achievement, construct a high-quality and high-resilience talent pipeline, inject vitality into our
sustainable and high-quality development, and create long-term value for stakeholders.
金卡智能，让生活更美好
Goldcard,Make life better
公益深耕 价值共生 VALUE
SYMBIOSIS
企业社会责任是实现全球可持续发展目标与中国“共同富裕”战略的重要组
成。金卡智能集团通过公益基金会，系统开展教育支持、医疗健康、乡村振
兴等公益行动，累计实施项目180项，捐赠超2800万元，以实际行动传递温
度，与社会共创美好未来。
Public Welfare, 2025
Co-Creating Value
Corporate social responsibility is a vital component in achieving global sustainable development goals and
China's strategy of "Commen Prosperity." Through Goldcard Public Welfare Foundation, we systematically
conduct philanthropic actions such as education support, healthcare, and rural revitalization. To date, we
have implemented 180 projects and donated more than 28 million RMB, delivering warmth through our
concrete actions and co-creating a beautiful future with society.
ESG Report
We donated 1 million RMB to the Yueqing Charity Federation,
and speci?cally allocated 900,000 RMB for the construction of
Case 1 the academy at Chengnan Middle School, actively supporting the
high-quality development of education in Yueqing and
contributing solid strength to local educational construction
through our concrete actions.
We donated RMB 1 million to the Cangnan County Education
Foundation, speci?cally for promoting the development of
education in Cangnan County, further improving school facilities
Case 2 and the educational environment, and contributing our
corporate strength to cultivating more outstanding talents for
Cangnan County.
We, in collaboration with Tancy Instrument Group Co., Ltd., jointly
conducted a voluntary blood donation activity, in which a total of
Case 3 donation volume reaching 20,300 milliliters. We dedicated our love
through this contribution of blood and conveyed the Company's
warmth and responsibility through our concrete actions.
With our outstanding practices in corporate governance and
integrity compliance, we were honored with the title of
"Incorruptible Private Enterprise." This not only highlights the
signi?cant results we have achieved in standardized operations
Case 4 and integrity system construction, but also re?ects the high
recognition from all sectors of society for our active ful?llment of
corporate responsibilities and our e?orts in fostering a clean and
upright business environment.
With our outstanding political leading role and solid
achievements in Party building, our Party Committee was
honored with the title of "Advanced Grassroots Party
Organization" in Qiantang District and rated as a "Five-Star
Grassroots Party Organization." These dual honors not only fully
Case 5 a?rm our Party building work and the vanguard role of our
members, but also re?ect the exemplary performance of our
Party Committee in serving development, uniting people, and
promoting harmony.
金卡智能，让生活更美好
Goldcard,Make life better
展望2026 OUTLOOK
Prospect of 2026
Facing a new era of deep adjustment in the global energy structure, the increasing urgency of climate
action, and the deep integration of digital and real economies, Goldcard will continue to anchor our
sustainable development goals. We actively respond to the national strategies of "high-quality
development" and "carbon neutrality," with technological innovation as our core driver and open
collaboration as our development path, leading the industry toward green, digital, and intelligent
transformation.
We ?rmly believe that only by integrating corporate development into the progress of the times—
safeguarding our environment through the power of technology and ful?lling societal expectations with a
sense of responsibility—can a company truly achieve enduring growth. In 2026, Goldcard is committed to
working alongside all stakeholders with wisdom and dedication, collaborating with global partners to
co-create a green, low-carbon, and sustainable future.
Making Life Better—we are always on the move.
Goldcard Smart Group Co.,Ltd.
MAKE LIFE BETTER
Goldcard Smart Group Co.,Ltd.
Add: No. 161 Yuancheng Road, Qiantang District, Hangzhou, Zhejiang, China
Tel: 400-0300-349
Web: www.jinka.cn
Email: marketing@jinka.cn
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