Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Appendix
Eco-Friendly for Progress and Principles
CONTENTS
Overview
About This Report 01
Message from the Chairman 03
About SANY Renewable Energy 05
Sustainable Development Green, Low-Carbon, Upholding Integrity and
Management and Eco-Friendly Principles
Sustainable Development Vision 12 Climate Change Response 37 Efficient Corporate Governance 67
Sustainable Development Governance 14 Environmental Compliance Management 42 Robust and Compliant Operations 69
Stakeholder Engagement 15 Efficient Resource Utilization 45 Responsible Supply Chain 75
Materiality Assessment 16 Biodiversity Protection 47
Forging Ahead with Innovation, People-Oriented,
Succeeding with Quality Uniting for Progress Appendix
Sustainable Product Development 23 Protecting Employee Rights 51 Key Performance 79
Lean Quality Management 28 Empowering Employee Development 55 Index of Indicators 85
Smart Wind Farm Operations 33 Occupational Health and Safety 59 Independent Third-Party Assurance Report 91
Supporting Community Development 63
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
About This Report Abbreviations
For clarity and readability, "SANY Renewable Energy", "we" and "the Company" in This Report refer to SANY Renewable Energy Co., Ltd.
Unless otherwise specified, the full Company names and abbreviations used in this report are shown in the table below.
Full Company Name Abbreviation Used in This Report
SANY Renewable Energy Co., Ltd. SANY Renewable Energy
Sany Zhangjiakou Wind Power Technology Co., Ltd. Sany Zhangjiakou
Sany (Shaoshan) Wind Power Equipment Co., Ltd. Sany Shaoshan
Sany Renewable Energy Equipment (Chenzhou) Co., Ltd. Sany Chenzhou
Tongyu County Sany Wind Power Equipment Technology Co., Ltd. Sany Tongyu
Sany (Bayannur) Wind Power Equipment Co., Ltd. Sany Bayannur
Sany (Tacheng) Wind Power Equipment Co., Ltd. Sany Tacheng
Sany (Barkol) Wind Power Equipment Co., Ltd. Sany Barkol
Sany (Xilingol) Wind Power Equipment Co., Ltd. Sany Xilingol
Beijing Sany Intelligent Motor Co., Ltd. Sany Intelligent Motor
Report Description
Data Sources
SANY Renewable Energy Co., Ltd. 2025 Environmental, Social and Governance ("ESG") Report (hereinafter referred to as "this report") is
the fourth ESG report published by SANY Renewable Energy Co., Ltd., and is intended to objectively and truthfully disclose the Compa- All financial data in this report comes from the Company's annual report, while other data is sourced from official documents or public
ny's strategies, policies, measures and achievements in sustainable development to all stakeholders. files, as well as third-party verification data. Unless otherwise specified, all amounts are in CNY. Some figures and percentages in this
report have been rounded, so the totals shown in some tables may not necessarily equal the sum of the individual items.
Basis of Preparation
This report is prepared in accordance with the Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies¡ª Confirmation and Approval
Sustainability Report (Trial) by the Shanghai Stock Exchange and the Guide No.13 for Self-Regulatory Supervision on Listed Companies
of the SSE STAR Market¡ªCompilation of Sustainable Development Reports. Meanwhile, this report also refers to the GRI Sustainability This report was confirmed by management and approved by the Board of Directors on April 22, 2026. The Board of Directors of SANY
Reporting Standards issued by the Global Sustainability Standards Board (GSSB), International Financial Reporting Sustainability Dis- Renewable Energy assures that there are no false records, misleading statements, or material omissions in the content of this report.
closure Standards No. 2 Climate-related Disclosures issued by the International Sustainability Standards Board (ISSB), and the United
Nations Sustainable Development Goals (SDGs).
Report Scope
Access to This Report and Feedback
This report covers SANY Renewable Energy and its holding subsidiaries, consistent with the scope of the Company's 2025 Annual Re-
port. Environmental data covers major production bases and key office locations. Any discrepancies between specific information or This report is published in both electronic and printed formats. The electronic version can be downloaded from the Shanghai Stock
data boundaries and the overall reporting scope are explicitly noted in the main text. Exchange (SSE) website, or the official website and WeChat official account of SANY Renewable Energy.
This report is an annual report, covering the period from January 1, 2025, to December 31, 2025. To enhance the comparability and Your opinions and suggestions are highly valuable to us. For any inquiries or recommendations regarding the Company' s sustainability
completeness of the report content, some content may appropriately reference past or future years. disclosures and performance, please email us at sanyreir@sany.com.cn.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Message from the Chairman
As the global energy transition surges forward, clean We adhere to green development, addressing the We uphold integrity, consolidating our devel-
energy has become the core driver of global sustaina- challenges of our time through climate action. 2025 opment foundation with high standards of gov-
ble development. As a leader in the wind power equip- marked the tenth anniversary of the Paris Agreement, ernance. In 2025, we continuously enhanced our
ment supply and services, SANY Renewable Energy when global climate governance entered a critical corporate governance system and risk management
integrates sustainability into its corporate strategy and phase. We continued to improve our corporate cli- mechanisms. By doing so, we strengthened our man-
operations. The Company has established its sustain- mate governance and climate risk management, while agement over business ethics and compliance, with
ability strategy and management objectives around actively capitalizing on climate opportunities, to ac- the aim of creating a transparent and standardized
four core areas: innovation leadership, green transi- celerate SANY Renewable Energy's decarbonization, operational environment. We optimized the Supplier
tion, talent development, and robust governance. This thereby enhancing the Company's climate resilience. Code of Conduct and regularly conducted sustainabil-
approach is designed to drive coordinated progress in Additionally, we fulfill our corporate environmental ity risk surveys on supply chain and corporate social
economic performance, environmental responsibility, responsibilities by strengthening environmental man- responsibility (CSR) assessments on suppliers. Those
and social value. agement and optimizing resource use efficiency. In actions reinforced the identification and control of
doing so, we are committed to establishing a green, ESG risks in our supply chain, effectively safeguarding
We commit to product innovation, empowering the
low-carbon, and sustainable production model. Sany the labor and human rights, occupational health and
energy transition with outstanding quality. In 2025,
Shaoshan Blade Factory was successfully recognized environmental rights of all stakeholders in the supply
upholding the concept of "every bit of achievement
as a "National Green Factory" for its excellent environ- chain, and contributed to building a responsible and
originates from innovation", we focused on the wind
mental management and technological innovation. sustainable industrial ecosystem.
power industry's core market demand for intelligent
It marks a significant milestone in our adaptation of
and full-scenario solutions, utilized technological "Promoting Efficient Utilization of Clean Energy" is
green manufacturing.
innovation to continuously upgrade our product SANY Renewable Energy's long-standing vision, as well
portfolio, developed the 12.X~16.X MW onshore and We are dedication-driven, harnessing talent eche- as a key path to contribute to global sustainable de-
offshore platform series, and launched a number of lons to empower our growth momentum. In 2025, velopment and climate governance. Moving forward,
industry-leading benchmark products, including the we continuously improved employee rights and inter- we will steadfastly drive industrial upgrading through
SI-270150 wind turbine and the SI-242 series wind tur- ests protection and incentive mechanisms. By intro- innovation, promote value chain transformation
bines, achieving full coverage of onshore and offshore ducing a "high compensation, high standards, high ef- through collaboration, and integrate into the global
wind power scenarios. Meanwhile, we deepened R&D ficiency" talent policy, establishing a dual-track career cooperation system with an open approach. We aim
Chairman of SANY Renewable Energy Co., Ltd. and application of intelligent manufacturing technol- progression system for both management and techni- to serve global customers with more efficient and re-
ogies to consistently enhance product reliability and cal paths, and developing a global talent acquisition liable clean energy solutions, working with worldwide
Li Qiang stability. We also leveraged advanced technologies network, we successfully built a high-caliber team with stakeholders to embrace a greener, lower-carbon, and
such as eco-smart wind farms and intelligent O&M to both professional competence and a strong sense of sustainable new stage.
improve grid stability and efficiency, creating long- responsibility. Those efforts provide solid talent sup-
term value for our customers. port for the Company's long-term stable growth.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
About SANY Renewable
Energy
Company Profile
SANY Renewable Energy Co., Ltd. was founded in 2008 and is commit-
ted to becoming a global leader in the field of clean energy equipment
supply and services. The Company was officially listed and traded on
STAR Market of Shanghai Stock Exchange on June 22, 2022 (stock code:
Energy Companies and recognized by the Ministry of Industry and Infor-
mation Technology of the People's Republic of China as the Benchmark
Enterprise for Intelligent Manufacturing. In recent years, its market share
has continued to rise, and it had become the world's fifth-largest wind
turbine manufacturer overall and one of the top five in China by the end
of 2025.
Business Overview
The main businesses of SANY Renewable Energy include the R&D, man-
ufacturing and sales of wind turbines, and the designing, construction,
and operation management of wind farms. With the vision of "Pro-
moting Efficient Utilization of Clean Energy", we deeply engage in the
entire wind turbine industry chain, from independent research and de-
velopment of core components, integrated innovation of wind turbine
systems, to investment and development of new energy projects and
intelligent operation and maintenance of wind farms, providing optimal
solutions for the entire lifecycle of clean energy.
Corporate Culture
Driven by the concept of "Leading the Future with Intelligent Manufac-
turing" and our vision of "Promoting Efficient Utilization of Clean En-
ergy", SANY Renewable Energy is actively contributing to China's goals
of "Carbon Peaking and Carbon Neutrality" and supporting the global
transition to clean energy.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
ESG Performance Highlights ESG Ratings
Net Profit Attributable
Economic Performance Total Assets Revenue to the Parent Company
RMB 45.372 billion RMB 27.380 billion RMB 712 million
FEB 2026
R&D Investment Percentage of R&D Expenditure to Revenue
The 2025 S&P Global Corporate CDP Climate Change Rating: B EcoVadis rating reached Silver, ranking
Sustainability Assessment (CSA) in the top 15% of the industry.
RMB 807 million 2.95% score has risen to 70 points and has
been included in the "2026 Global
Sustainability Yearbook"
Scope 1 Emissions
Environmental
Performance 17,574 Tonnes of CO Equivalent 2 »ªÖ¤ESGÆÀ¼¶Ö¤Êé
Scope 2 Emissions (Market-Based) Scope 2 Emissions (Location-Based)
ÆÀ¼¶ÈÕÆÚ ÈÏÖ¤µ¥Î»
Awarded the highest Wind ESG rating of AAA, with a Selected for the "2025 A-share Listed Companies Best Practices
comprehensive score of 9.49 out of 10. Ranked first among 395 in Social Dimensions TOP50" published by Huazheng Index, with
By the End of 2025, Wind Turbines
selected companies in the electrical equipment industry. ESG comprehensive rating upgraded from A to AAA.
Provided by the Company Have Equivalent to Reducing
Cumulatively Generated Electricity
ESG Recognition and Awards
Social Performance Total Employees Employee Training Investment
Selected for the S&P Global Commodities 2025 Tier1 Clean Energy
Development Enterprises List", becoming the only Company from
Technology Companies List.
the wind turbine manufacturing sector on the list.
Employee Labor Contract Signing Rate Employee Social Insurance Coverage Rate
Included in the 2025 Yidong ESG Value 100 List.
the 19th edition.
Note: The statistics for labor contract signing rate and social insurance coverage rate are for Awarded the 2025 Yidong Listed Company Excellence in SANY Shaoshan Lighthouse Factory was selected as an ESG
formal employees. Investor Relations Award. Environmentally Friendly Case by 21st Century Business Herald.
Note: All ESG recognition and awards set out in this report are as of the release date.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Sustainable Development
Management
SANY Renewable Energy deeply integrates the concept of sustainable development
into its strategic planning, operational management, and business practices,
establishing a comprehensive governance structure for sustainable development. It
formulates sustainable development strategies and management goals to lead the
industry towards high-quality development, contributing to the global clean energy
cause and a sustainable future.
Sustainability Issues
Sustainable Governance
UN Sustainable Development Goals (SDGs)
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Sustainable Development Vision
Progress toward 2025 Sustainable Development Management Goals
SANY Renewable Energy upholds the vision of "Promoting Efficient Utilization of Clean Energy", actively responds to the global sustain-
able development agenda and China's "Carbon Peaking and Carbon Neutrality"goals, and is accelerating toward becoming a global SANY Renewable Energy actively responds to the United Nations 2030 Agenda and its 17 Sustainable Development Goals (SDGs), align-
leader in clean energy equipment and services. At the same time, we work with industry partners to build an ESG ecosystem, forge ing its sustainable development management with the global sustainable development vision for 2030. The Company has identified
consensus through responsibility, pool strength through collaboration, and jointly write a new chapter for sustainable development. key matters under each material topic across the four strategic pillars to form its sustainable development management goals. Based
on these goals, it formulates and implements action plans, continuously tracks performance and keeps advancing toward the achieve-
ment of its sustainable development goals.
As a member of the United Nations Global Compact (UNGC), SANY Renewable Energy
is committed to supporting the ten principles in the four areas of human rights, la-
bor, environment, and anti-corruption. We are dedicated to continuously integrating Pillars Material Issues Sustainability Management Goals Key Performance in 2025 SDGs
sustainable development into our business strategy and operations, co-creating ESG
value with our partners, and promoting the achievement of the United Nations Sus-
United Nations Global Compact (UNGC) Response to climate change
tainable Development Goals.
Emission and waste
Develop carbon strategies to progressively Total energy consumption:
management
As a member of the China ESG Alliance and a leader in clean energy technology, SANY manage and reduce Scope 1, 2 and 3 355,590.00 MWh
Green Development
Biodiversity protection
Renewable Energy collaborates with industry partners to promote low-carbon innova- greenhouse gas (GHG) emissions Proportion of renewable
Environmental compliance
tion, share best practices, and support the green transformation of the supply chain, Achieve 100% compliant disposal of general energy consumption: 13.17%
management
China ESG Alliance continuously deepening its commitment to sustainable development. and hazardous waste Total water withdrawal:
Energy management
Promote product environmental impact 878,597.73 m?
Water resource management
certifications and reduce lifecycle carbon Total water discharge:
Opportunity from clean
footprint per unit product 474,748.92 m?
Sustainability Strategy technologies
Product lifecycle management
By establishing a sustainability strategy framework centered on four strategic pillars, i.e., green development, talent cultivation, excel-
lent quality and business integrity, the Company drives sustainable commercial practices and organizational transformation, creating
value for all stakeholders.
Number of child labor and
Zero incident in practice
Equality and diversity forced labor incidents: 0
Talen Cultivation
Employee satisfaction improvement
Labor and human rights Number of harassment and
Vision Zero tolerance and zero violation for labor
To Promote Efficient Utilization of Clean Energy protection discrimination incidents: 0
rights violations and zero human rights
Human capital development Employee satisfaction survey
incidents in operations
Occupational health and safety score: 81.1
Career guidance for all employees
Training coverage rate: 88.2%
Sustainability Becoming a global leader in the field of clean energy equipment supply and services, contributing to
Driving Force China's "Carbon Peaking and Carbon Neutrality" initiative and the world's clean energy transition
R&D investment: RMB 807
Strategic Pillars Green Development Talent Cultivation Excellent Quality Business Integrity Advance research on offshore wind turbines
million
Excellent Quality
R&D and innovation and onshore large megawatt technologies,
Number of R&D personnel:
Sustainable supply chain and promote the adoption and scaling of
Safety and quality of products clean energy
Percentage of suppliers signed
Taking Adhering to the talent Increasing investment Regarding honesty as and services Achieve 100% signing rate for the Supplier
the Supplier Code of Conduct:
decarbonization concept of "hard work in R&D to manufacture the basic principle, Code of Conduct
as a core strategy, and perseverance in intelligent wind and continuously
continuously achieving success", turbines that "can improving business
reducing the overall and attracting high- sense, decide and ethics rules and
Conduct business ethics training with a
Strategic Goals environmental impact quality talents execute" and building regulations to realize Business Integrity Percentage of employees
Business ethics 100% coverage rate
of the Company's by continuously intelligent wind farms sound management. receiving cumulative business
Sustainable governance Ensure a 100% signing rate for the
operations and enhancing the training that "achieve ultimate ethics training: 100%
Compliance and risk Business Ethics Commitment Letter among
products, to create an system and improving safety, excellent Percentage of operational sites
management employees
environment friendly employee benefits. energy performance, that have conducted internal
Data security and privacy Foster an atmosphere of integrity in business
enterprise. and optimal operation audits/risk assessments on
protection operations, and strengthen mechanisms for
and maintenance". business ethics issues: 100%
supervision, inspection and restraint
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Sustainable Development Governance Stakeholder Engagement
SANY Renewable Energy fully recognizes the importance of sustainable development governance to the Company's high-quality and SANY Renewable Energy has established diversified channels of communication with stakeholders to gain an in-depth understanding
sustainable development. We have established a governance structure covering the governance level, management level and execu- of their expectations and suggestions regarding the Company's sustainable development. Relevant views are incorporated into sus-
tion level, and we continue to improve and optimize our sustainable development management mechanisms to effectively advance tainable development management and operational decision-making, and stakeholder concerns are actively addressed through con-
the achievement of our sustainable development goals. crete actions.
SANY Renewable Energy's Sustainability Governance Structure Stakeholders Expectations and Requirements Communication Channels
Integrity and compliance Contract performance
Board of Directors
Product and service quality Customer feedback mechanism
Governance Strategy and Sustainability Committee Product innovation Market research
Level
Customers and Sustainable operation Daily liaison
Business Partners Executives meeting
ESG Steering Group
Management Level
ESG Working Group Corporate performance Annual and other periodic reports
Investment return Investor relations website
Execution Level Representatives from ESG-Related Departments Risk control and compliance governance Shareholders' meeting
Authenticity, accuracy, timeliness and completeness of Board meeting
information disclosure Information disclosure
Shareholders and
Governance Level Investors Sustainable operation Visitor reception
The Board of Directors is the highest responsible body for matters related to the sustainable development of SANY Renewable Energy.
Under the Board, the Strategy and Sustainability Committee is responsible for the Company's long-term development strategy, ma-
jor strategic investments, sustainable development planning and ESG work. It also oversees ESG work, reviews progress toward ESG Compliant operations Response to national policies
goals and provides recommendations, thereby supporting the Board's scientific decision-making. For details, please refer to the Rules
Tax compliance Special conference
of Procedure for the Strategy and Sustainability Committee. As of the end of the Reporting Period, the Committee consisted of three
Employment promotion Communication and reporting
members whose professional backgrounds covered engineering technology, energy science, finance and other fields. All members
possess extensive experience in the clean energy sector and are therefore able to provide forward-looking guidance and professional Contributing to local economic development Surveys and interviews
Government and
decision-making support for the Company's sustainable development governance and ESG risk management. Implementing national initiative of carbon peaking and Inspection and evaluation
Regulators
carbon neutrality
The Strategy and Sustainability Committee is required to convene at least one meeting each year. For details of meetings held, please
refer to the Company's 2025 Annual Report. The Committee reviewed and approved the Company's 2025 ESG report, heard manage-
ment's updates on ESG progress during the Reporting Period and future work plans, and discussed ESG trends and latest develop- Employees' rights and interests Employee meeting, daily communi-
ments affecting the Company and the industry. Based on the latest market and regulatory sustainability trends and updates to the Occupational health and safety cation
Company's business development strategy, the ESG Steering Group and the ESG Working Group also report major ESG decision-mak- Complaint mechanism
Career development plan
ing matters to the Strategy and Sustainability Committee on an ad hoc basis.
Remuneration and benefits Employee training
Employees Employee caring activities
Management Level Employee satisfaction survey
The ESG Steering Group and ESG Working Group are responsible for assisting the Strategy and Sustainability Committee in guiding
and supervising the Company's ESG work, implementing ESG strategies and goals. The ESG Steering Group consists of Company man- Mutual benefits and integrity in contractual performance Contract performance
agement involved in key ESG management responsibilities, responsible for formulating ESG strategies and goals, reviewing ESG plans Long-term cooperation Information announcement
and major ESG projects, and promoting cross-functional ESG collaboration. The ESG Working Group is responsible for developing the Supplier assistance and empowerment Supplier assessment and audit
Company's ESG implementation plan, promoting strategy execution, regularly collecting information from relevant ESG departments,
Suppliers Building green supply chains Supplier communication and training
monitoring plan execution, and ensuring goal achievement, while regularly reporting work progress to the ESG Steering Group.
Ecological environment protection Organizing charity events
Execution Level
Promoting economic development and employment Voluntary services and community visits
The execution layer consists of representatives from various functional departments involved in the Company's ESG matters, respon- Charity events and donations Open day
Communities and
sible for the implementation and promotion of ESG-related tasks. This includes identifying ESG risks and opportunities in daily opera-
Non-Governmental Public media coverage
tions, formulating ESG goals and work plans tailored to the business, and regularly reporting work progress to the ESG Steering Group
Organizations
and the ESG Working group.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Materiality Assessment
In 2025, we conducted a comprehensive review of the 2024 dual materiality assessment results and, in light of the Company's develop-
ment plans, business characteristics and management views, raised the rankings of both impact materiality and financial materiality
for the topic "Safety and Quality of Products and Services", and also raised the ranking of impact materiality for "Product Life Cycle
SANY Renewable Energy places great importance on the analysis and assessment of material sustainability topics, regarding this as Management". Based on the assessment results, the Company identified four highly important topics, eight relatively important top-
the core foundation of sustainable development management. The results of the materiality assessment are treated as important ics and eight generally important topics. For the dual-materiality topics of "R&D Innovation" and "Safety and Quality of Products and
considerations in the Company's strategy implementation, major transaction decisions and risk management, thereby promoting co- Services", the Company provides disclosures in this report under the four dimensions of "Governance", "Strategy", "Impact, Risk and
ordinated development in economic value, environmental responsibility and social value, and continuously enhancing comprehensive Opportunity Management", and "Indicators and Targets" in accordance with the requirements of the Shanghai Stock Exchange guide-
competitiveness and long-term value creation. At the same time, we review the mechanisms, procedures and results of the materiality lines. For the topics of Climate Change Response and Opportunity from Clean Technologies, which are material only from an impact
assessment every year to ensure alignment with the Company's strategic direction and the expectations of internal and external stake- perspective, the Company provides disclosures in accordance with the relevant provisions of the Shanghai Stock Exchange guidelines.
holders. For other topics of concern to the Company that are not impact material or financially material, or that are not applicable during the
Reporting Period , this report provides disclosures or explanatory statements with reference to mainstream international sustainability
SANY Renewable Energy's Process for Analyzing the Importance of Sustainable Development Issues disclosure standards and the Company's actual circumstances.
Step 1: Understand the Background of Company Activities and Business Relationships
SANY Renewable Energy 2025 Materiality Assessment Matrix
By analyzing the Company's operational activities, product services, and business area distribution, we focus on iden-
tifying the factors related to the value chain's upstream and downstream that impact sustainable development. We Important
E1 Response to S2 R&D and
assess the potential impact of external environments such as laws, regulations, regulatory policies, and industry trends Climate Change Innovation
on the Company, and comprehensively identify key internal and external stakeholders that are affected by the Compa- E2 Opportunity from S4 Safety and Quality of
ny and that affect the Company.
Clean Technologies Products and Services
E5 Biodiversity Protection S9 Occupational Health E3 Product Lifecycle
and Safety Management
E6 Environmental
Step 2: Establish the Issue List
Compliance S8 Human Capital
S3 Sustainable
Management Development
Supply Chain
Based on the 21 issues set out in the Guidelines, and in conjunction with ESG management trends, industry practices, S7 Labor Rights and
S5 Data Security and
capital market concerns, and regulatory requirements, we confirmed 20 issues highly relevant to the Company's sus- Privacy Protection
Human Rights Protection
Impact Materiality
tainable development, referencing the Company's strategic planning, business realities, and stakeholder communica-
G2 Sustainable
S6 Equality and Diversity
E8 Water Resource Governance
tion results. Management E4 Emissions and Waste G1 Business Ethics
Management
G3 Compliance and Risk
E7 Energy Management Management
Step 3: Importance Assessment of Issues
S1 Public Welfare
and Community
We analyze the nature of the impact generated by sustainable development issues (positive or negative) and whether
Engagement
it occurs (actual or potential); we prepare an "Impact Importance" assessment questionnaire and invite internal and
external stakeholders to participate in the survey, evaluating the importance of the issue's impact based on "severity of
impact (scale, scope, irreparability)" and "likelihood of occurrence".
Combining external environments, industry development trends, and the Company's operational situation, we identify
risks and opportunities related to sustainable development issues; we prepare a "Financial Importance" assessment
questionnaire and invite Company management, department representatives, and core investors to evaluate the fi- Relevant Financial Materiality Important
nancial importance of the issues from two dimensions: "importance of financial impact" and "likelihood of financial
impact".
Generally Important Relatively Important Highly Important
Based on the survey results and in conjunction with internal management communication and discussions with exter-
nal experts, we set importance threshold standards, forming SANY Renewable Energy's dual importance matrix for ESG
E4 Emissions and Waste Management E3 Product Lifecycle Management S2 R&D and Innovation ¡ø
issues.
E5 Biodiversity Protection S3 Sustainable Supply Chain S4 Safety and Quality of Products and
E6 Environmental Compliance S7 Labor Rights and Human Rights Services ¡ø
Management Protection E1 Response to Climate Change
E7 Energy Management S8 Human Capital Development E2 Opportunity from Clean
Step 4: Review and Confirmation E8 Water Resource Management S9 Occupational Health and Safety Technologies
S1 Public Welfare and Community G1 Business Ethics
The Board of Directors approves and confirms the ranking of dual materiality topics and the dual materiality matrix. Engagement G2 Sustainable Governance
S5 Data Security and Privacy Protection G3 Compliance and Risk Management
Key disclosures of identified material topics are made in the annual ESG report.
S6 Equality and Diversity
Note: ¡ø indicates financial materiality issues; indicates impact materiality issues.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
The Company has incorporated the assessment of significant issues into its comprehensive risk management process, relying on its risk management and internal control system to strictly control related risks while actively seizing relevant opportunities to promote long-term development. We have se-
lected issues with high rankings in both financial significance and impact significance, comprehensively sorting their scope of influence, risks and opportunities, and affected stakeholders, and outlining their management policies. For details, please refer to the table below. During the Reporting Period,
the sustainable development-related risks and opportunities identified by the Company have not had a significant impact on the Company's financial condition, operating results, or cash flow for the current and next fiscal year.
Impacts, Risks and Affected Value Chain
Topics Description Time Horizon
Opportunities Segments
Driven by technological R&D, the Company leverages its leading R&D capabilities and technical expertise to create value for customers and provide the market with clean Operation Short-term
Positive actual impact
technology solutions, supporting the clean energy transition across society. Downstream value chain Mid-term
Long-term
Failure to formulate an effective R&D strategy or maintain technological leadership may weaken the competitiveness of the Company' s products, lead to a continuous loss
Risk Operation Mid-term
R&D and of market share, and reduce revenue.
Long-term
Innovation
Leveraging its technological advantages, the Company offers wind turbine products characterized by high reliability, high power generation efficiency, and low levelized cost Operation
Opportunity Mid-term
of electricity, thereby continuously enhancing competitiveness, consolidating and expanding market share, and driving revenue growth. Downstream value chain
Long-term
Through technological innovation and product optimization, the Company improves the efficiency and reliability of wind turbines, increases the adoption of wind power, Upstream value chain
Positive actual impact and supports the global clean energy transition. It also promotes intelligent operation and maintenance and green manufacturing to enhance energy efficiency and contrib- Operation Short-term
ute to global carbon neutrality goals. Downstream value chain Mid-term
Long-term
Although wind energy contributes to emission reduction, the procurement, manufacturing, transportation, and installation of wind turbines still consume energy and gener- Upstream value chain
Negative actual impact Short-term
ate a carbon footprint. Operation
Mid-term
Climate Change
Response Climate change is increasing the frequency of extreme weather events such as heavy rainfall, hail, strong winds, and thunderstorms. Long-term shifts in climate patterns may
Risk raise the operation and maintenance costs of wind farms, while short-term extreme weather may damage fixed assets, disrupt operations, increase operating costs, and re- Operation Short-term
duce revenue. Mid-term
Long-term
The Company continues to invest in R&D and innovation in renewable energy, aligning with the global green energy transition trend. By continuously providing customers Operation Short-term
Opportunity
with wind energy and other renewable energy products and services, the Company enhances its revenue. Downstream value chain Mid-term
Long-term
The 28th United Nations Climate Change Conference calls on countries around the world to triple global renewable energy capacity by 2030 and to double the annual in-
crease in global energy efficiency. At the 30th United Nations Climate Change Conference, the European Union committed to investing € 300 billion to support the global Upstream value chain
Positive actual impact energy transition. Meanwhile, a series of policies introduced by national and local governments encourage and support the development of the wind power industry. If SANY Operation Short-term
Renewable Energy effectively seizes the opportunities in clean technology, it can contribute greater energy and wisdom to China's goals of "Carbon Peak and Carbon Neu- Downstream value chain Mid-term
trality" and the global clean energy transition. Long-term
Opportunity
from Clean
Technologies Engaging in clean technology R&D and application helps reduce the Company's operating costs, expand market opportunities and share, build a strong brand image, and Operation Short-term
Opportunity
increase revenue. Downstream value chain Mid-term
Long-term
Note: Short-term (0-3 years), Medium-term (3-10 years), Long-term (over 10 years).
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Impacts, Risks and Affected Value Chain
Topics Description Time Horizon
Opportunities Segments
High-quality and safe wind turbine equipment directly impacts customers' operational efficiency and economic performance. Ensuring the safety and quality of wind turbine Short-term
Positive actual impact Downstream value chain
products and services is essential to promoting clean energy adoption and maintaining public trust. Mid-term
Long-term
Safety and Product quality and safety incidents may lead to regulatory penalties, order reductions or cancellations, customer complaints, and compensation claims, resulting in in- Operation Short-term
Risk
Quality of creased operating costs, damage to brand reputation, shrinking market share, and reduced revenue. Downstream value chain Mid-term
Products and Long-term
Services
Strong product quality management reduces failure rates, lowers maintenance costs, and improves operational efficiency, thereby enhancing market competitiveness and Short-term
Opportunity Downstream value chain
customer trust, and boosting the Company' s revenue. Mid-term
Long-term
The Company strengthens supply chain risk management, assists suppliers in improving ESG performance, avoids sourcing conflict minerals, and promotes sustainable sup- Upstream value chain
Positive actual impact Mid-term
ply chain development. It also actively enhances supplier diversity and ensures fair treatment of SMEs in the supply chain to amplify sustainable impact. Operation
Long-term
Upstream value chain
Inadequate ESG risk management in the supply chain may lead to environmental or social incidents and supply disruptions, which could damage the Company' s reputa- Short-term
Risk Operation
Sustainable tion, affect business continuity, and reduce revenue. Mid-term
Downstream value chain
Supply Chain Long-term
Upstream value chain
Building a sustainable supply chain enhances supply stability and security, mitigates ESG risks, supports supply chain transformation and upgrading, ensures business conti-
Opportunity Operation Mid-term
nuity, strengthens market position, and increases the Company' s revenue.
Downstream value chain Long-term
By practicing circular economy principles and actively managing environmental impacts across the product lifecycle, the Company improves resource efficiency and reduces Operation Short-term
Positive actual impact
resource consumption and waste generation. Downstream value chain Mid-term
Long-term
Upstream value chain
During the lifecycle of its products, the Company may face environmental challenges at the manufacturing and decommissioning stages of wind power equipment, such as Short-term
Product Negative actual impact Operation
the negative ecological impacts of raw material extraction and waste disposal. Mid-term
Life Cycle Downstream value chain
Long-term
Management
Upstream value chain
Through the use of low-carbon and green materials, optimization of production processes, and adoption of renewable energy, the Company enhances its environmental Short-term
Opportunity Operation
performance, meets customer demand for environmentally friendly and sustainable products, and improves market competitiveness and brand image. Mid-term
Downstream value chain
Long-term
Note: Short-term (0-3 years), Medium-term (3-10 years), Long-term (over 10 years).
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Forging Ahead with
Innovation, Succeeding
with Quality
Driven by our vision of "Promoting Efficient Utilization of Clean Energy", SANY
Renewable Energy ramped up efforts in the wind power sector. Regarding innovation as
the foundation of our development and quality as the cornerstone of our development,
we courageously shoulder the responsibility as a trailblazer in the era of green and low
carbon development and exemplify the strength of "Intelligent Manufacturing in China"
through craftsmanship and perseverance.
Sustainability Issues
R&D and Innovation, Safety and Quality of Products and Services, Product Lifecycle
Management
UN Sustainable Development Goals (SDGs)
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Sustainable Product Development
Environmental Management Throughout Product Lifecycle
Upholding the concept of "every bit of achievements originates from innovation", SANY Renewable Energy embeds sustainability We have integrated risk and environmental management into the entire product lifecycle¡ªdevelopment, production, use, O&M, and
across the entire value chain of product R&D, sticking to green design, low-carbon innovation and leading technology. The Company recycling. We define the objectives and measures of environmental management for each stage to further enhance the environmental
focuses on forward-looking R&D layout and open innovation, continuously iterating and upgrading our wind power equipment prod- friendliness and sustainability of our products and reduce their environmental impact. Moreover, we conduct carbon footprint certifi-
uct portfolio, so as to enhance energy efficiency and environmental friendliness across the product lifecycle. cation for our key products, and entrust qualified third parties to issue Life Cycle Assessment (LCA) for them. During the Reporting Peri-
od, our SI-172625 model wind turbine generator set obtained an Environmental Product Declaration (EPD) verification certificate.
Governance
Product Design and Development Product Operations and Maintenance Product Recycling and Reuse
The Board of Directors, as the core governance body for the Company's R&D and innovation, is fully responsible for overseeing key
matters such as the Company's long-term R&D strategic planning and significant strategic R&D investments. At the governance level, it
ensures the sustainability and foresight of R&D and innovation, guaranteeing close alignment with the Company's sustainability strat- Factors such as environmental We provide our customers with During the Reporting Period,
egy and global energy transition trends. The Company has established a global, professional, and multi-domain R&D management protection, low energy the Wind Turbine Generator Set the Company conducted
structure, which has formed a globally distributed R&D team with collaborative hubs in locations such as Beijing, Changsha, Shanghai, consumption, high reliability, Maintenance Manual and the Wind research on decommissioned
and Europe, serving as the executive level to drive the development of cross-regional collaborative platforms. Additionally, by bringing and low carbon emissions Turbine Generator Set Specification, blade disposal solutions and
together global technical talents and R&D resources, we achieved cross-regional and cross-disciplinary collaboration on core technolo- are incorporated as core which have established continuously monitored the
gies of wind power, and built comprehensive R&D capabilities covering the entire chain from wind turbine design and core component considerations. We design light standardized and regulated product development of recyclable
R&D to intelligent O&M and green manufacturing, thereby providing organizational and systematic support for sustainable product and compact products to reduce O&M mechanisms of our products. resin technologies, as part of
development. raw material consumption. We make all these efforts to guide our technical planning and
Concurrently, we research and customers in scientific maintenance, preparation for blade recycling
apply alternative materials to extending product service life and reuse. We also advocated
Strategy continuously reduce the weight and enhancing lifecycle power the practice of repairing and
of wind turbine components generation efficiency. reusing main components of
The Company regards "high reliability, high power output and low cost per KWh" as its core product R&D goals, and closely follows and minimize the environmental down-to-tower generators to
global wind turbine technology trends towards "higher, larger, longer, lighter, and smarter" designs. We integrate green, low-carbon, impact throughout product reduce resource waste and
and sustainable concepts throughout the entire R&D process to create products that combine trailblazing technologies with environ- lifecycle starting from design. foster the circular economy
mental friendliness. We have formulated innovation and R&D management policies such as the Product Development Management within the wind power industry.
Measures, Technical Development Management Measures, and the R&D Patent Work and Management Regulations. With continuous
efforts to improve R&D efficiency and the capability to translate results into applications, we have been consolidating and expanding
our industry-leading position in the core technology fields of large megawatt intelligent turbine, transformer box in nacelle design, Innovative Products
intelligent wind farm O&M, independent pitch control system, ultra-high tower barrel, long blades, etc. Furthermore, we have strength-
Focusing on the core market demand for intelligence and full-scenario adaptability in the wind power industry, the Company proac-
ened our talent acquisition and development system, and also established management policies like the Management Measures for
tively capitalizes on industry opportunities brought by the global energy transition, driving the continuous upgrade of our product
R&D Project Incentives and the Management Provisions for Title Appraisal with the R&D Division to stimulate the vitality of our R&D
portfolio through technological innovation. By launching multiple industry-leading benchmark products, we managed to cover all on-
team and drive technological breakthroughs and continuous innovation.
shore and offshore wind power scenarios. Simultaneously, we actively promote industry-university-research cooperation and exchang-
es. We carry out annual R&D cooperation with research institutions on key products and technologies, to navigate the Company's R&D,
Impact, Risk and Opportunity Management
innovation and patent portfolio planning. During the Reporting Period, we collaborated with Central South University on rain erosion
testing technology research. The project involved exploring the impact of raindrop diameter and rainfall intensity on test results and
conducting modelling and simulation studies of the rain erosion testing process.
The Company views technological innovation as a core driver for achieving sustainability and manages its impacts, risks, and opportu-
nities proactively. We have integrated risk management into product development and other stages throughout the product lifecycle.
Relying on a sound intellectual property protection system and close cooperation with academia and industry partners, we effectively Case SANY Renewable Energy's 15 MW Set Awarded "Onshore Turbines of the Year"
manage innovation risks. Concurrently, we delve into customer needs and industry development trends. Leveraging our technological
expertise, we continuously develop innovative products and solutions to seize market opportunities.
In January 2025, SANY Renewable Energy's SI?270150 15?MW wind
turbine was awarded the gold medal (Top 1) in Windpower Monthly's
"Turbines of the Year 2024 (5.91?MW+)" selection, recognized for its
outstanding innovation, engineering quality, and product perfor-
mance. The Company's large-megawatt onshore wind turbines have
won this international accolade for two consecutive years. This mod-
el is built upon the 12.X~ 16.X MW sea-land platform, with a designed
lifespan extended to 25~30 years. It features a rotor diameter of 270
meters and a swept area of 57,256 m2 (equivalent to 8 standard foot-
ball pitches), enabling efficient coverage of various medium-to-high
wind speed application scenarios.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Case SANY Renewable Energy's First Batch of Commercial Offshore Wind Power Orders Intellectual Property Management
The Company has been optimizing its intellectual property (IP) management system. We have formulated related policies such as the
On November 4, 2025, the first unit installation of the SANY Renewable Energy offshore wind power project at Xiangyun Administrative Measures for Patent Application and the R&D Patent Work and Management Regulations, clarifying management re-
Island, Tangshan, Hebei, was successfully completed. As SANY Renewable Energy's first batch of commercial offshore wind quirements for application, protection, and utilization of our intellectual property. We implement an intellectual property management
power orders, this not only marks a milestone for a single project but also signifies SANY Renewable Energy's successful strategy of "Four Features", namely "standardized, online, automated and intelligent". We set IP management objectives and have
crossing of the land-sea boundary, officially entering the global offshore wind power arena. The Hebei Tangshan Xiang- achieved standardized online management of intellectual property related business processes. Moreover, we place high importance on
yun Island offshore project employs 20 units with a single capacity of 8.5 MW and 10 units of 8 MW offshore wind turbines, fostering employees' awareness of intellectual property protection. During the Reporting Period, we provided specialized patent train-
with a rotor diameter of 230 meters. This is a marine product tailored for the sea conditions of Xiangyun Island based on ing for fresh graduate employees, and disseminated the latest patent management updates and industry patent information to R&D
the 8.X-10.X MW offshore and onshore platform. This project is a key offshore wind project in Hebei Province, expected to personnel quarterly, supporting patent portfolio planning and risk avoidance for R&D and innovation. Furthermore, we were selected
generate 799,105 MWh of electricity annually, saving 268,800 tonnes of standard coal per year and reducing carbon dioxide as a "Demonstration Entity" under the national initiative to strengthen intellectual property rights, playing an exemplary and leading
emissions by approximately 675,700 tonnes annually. role.
Industry Collaboration
The Company takes an active part in top-tier global wind power and related industry exchange events. Through technological sharing,
achievement showcases, roundtable forums, and other formats, we combine forces with industry chain partners to push back the
technological frontiers and contribute to the high-quality development of the industry. During the Reporting Period, we participated in
multiple global wind power industry events, including the China Wind Power 2025, the Husum Wind energy trade fair in Germany, the
World Artificial Intelligence Conference (WAIC), the Hangzhou Computing Conference, the 5th Wind Power Artificial Intelligence and
Intelligent O&M Conference, and R&D Quality Forums.
In addition, we engage in industry standard-setting work, leveraging our technological expertise to promote the improvement of in-
dustry standards and lead the wind power industry onto a standardized, high-quality development track. During the Reporting Period,
we participated in the preparation and revision of 2 national standards, including Twist-resistant Flexible Cables for Wind Power Gener-
ation with Rated Voltage 1.8/3 kV and Below and the Technical Specification for Statistical Calculation and Evaluation of Wind Turbine
Generator Set Reliability Indicators Based on Real-time Data, as well as 4 group standards and 3 industry standards.
Case SANY Renewable Energy at Husum Wind 2025
In September 2025, SANY Renewable Energy made an appearance at the Husum Wind energy trade fair in Germany under
Case SANY Renewable Energy's Industry-first SI-242 Series for Full-scenario Onshore Site Adaptability the theme "Empowering Future with Smart Wind Energy". We showcased the SI-17578 and SI-18580 models, which are spe-
cially designed for the European market, holistically meet EU market requirements in terms of materials, noise, and safety
standards. During the fair, the Company co-hosted a high-level dialogue on "ESG and Sustainability" with the Global Wind
On October 20, 2025, the highly anticipated global wind energy event¡ªthe China Wind Power 2025 (CWP 2025)¡ªgrandly
Energy Council (GWEC), where in-
commenced in Beijing. Under the theme of "Shared Value, Reliable Partnership", SANY Renewable Energy showcased the
depth discussions on building a
industry's first full-scenario onshore site adaptability model series¡ªthe SI-242 series¡ªalongside our full lifecycle verifica-
low-carbon supply chain for the
tion system and self-developed core large components at the exhibition. The move ushers in a new era of "high value" of
wind power industry took place.
wind power. The SI-242 ultra-large rotor series wind turbine sets have a power range spanning 5.6 MW to 12.5 MW, with a
We also displayed our lifecycle
rotor diameter of 242 meters. They break the limitations of conventional models regarding wind resource conditions and
wind power solutions, offering
can withstand extreme winds of up to 63 m/s. This truly achieves precise coverage across the entire site spectrum, from
customers end-to-end ser vices
ultra-low to medium and high wind speeds. For the same capacity, the SI-242 model can reduce the number of turbine
from turbine selection and site
positions by approximately 6%-18% compared to traditional solutions. This effectively addresses challenges in wind pow-
assessment to intelligent O&M.
er projects such as limited position resources and complex site selection, lowering cost per KWh and reshaping the value
This signified our shifting from a
boundaries of wind power development.
wind turbine product supplier to
In December, Guangping Wind Farm, the first commercial batch op- a strategic partner, demonstrating
eration project for the SI-242 series in the southern mountainous re- our strength and commitment to
gion, was successfully connected to the grid and commenced power building up our presence in the
generation in Huaihua, Hunan province. This project not only set European and global new energy
a new record for single-unit capacity and blade length in southern markets.
mountainous wind farms but also signified the efficient transition of
the Company's innovative models from launch to implementation.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Metrics and Targets Lean Quality Management
SANY Renewable Energy's Targets in Environmental Management Throughout Product Lifecycle
Excellent quality is the unwavering pursuit and commitment of SANY Renewable Energy. Upholding the craftsmanship spirit of pur-
suing perfection, we pursuit for continuous improvement in quality standards, improve and reinforce our quality control system, and
consistently enhance product reliability and stability. By doing so, we aim to provide customers with high-quality, high-performance
By 2035, we will study the lifecycle of all our main- Taking 2020 as the base year, we will increase our re- Governance
stream products. On the premise of ensuring product cycling rate of mainstream wind turbine materials to
SANY Renewable Energy views quality as the foundation of management. The Board of Directors serves as the ultimate governing body
quality, we will progressively increase the proportion 95% by 2030.
for quality matters. It regularly reviews and oversees the progress of quality management initiatives and significant quality-related is-
of green or low-carbon materials through product
sues, ensuring that quality governance aligns itself with the Company's overall strategic development. At the senior management level,
structure optimization, material usage reduction,
the Company designates a representative of the quality management system and quality head to oversee daily operations, and estab-
and sustainable material substitution.
lishes a quality assurance department as the executing body to coordinate various quality management tasks, ensuring that quality
work is carried out in a standardized and orderly manner.
SANY Renewable Energy's Targets in Intellectual Property Management
Strategy
SANY Renewable Energy adheres to the quality management policy of "first-class products, first-class quality, first-class service". Fo-
Short-term Medium-term Long-term cusing on domestic and foreign customers" demand for the continuous improvement of product quality, we have been improving the
Company's quality management system. We have established policies such as the Quality, Environmental, Occupational Health and
Safety Management Manual, Product Lifecycle Management, and Quality Management Process, defining the quality management re-
Enhance the management system, Augment the benefits of intellectual Turn the operation of intellectual
sponsibilities at different stages including design and development, manufacturing, sales, and after-sale service. During the Reporting
improve the quality and quantity of property to business operation and property into a profit source for the
Period, we revised management policies such as the SANY Renewable Energy Record Control Management System and the Quality
intellectual property, and make full product R&D, enhance brand value, Company.
Award and Punishment Management System, further optimizing quality control processes.
use of patent information to avoid and guarantee the free operation of
risks and promote technological products.
innovation. Impact, Risk and Opportunity Management
The Company continually improves its quality management system and strengthens supply chain quality risk prevention and control.
Metrics We actively capitalize on opportunities presented by industry trends towards intelligence and refinement, empowering quality man-
agement with digital approach to comprehensively enhance product quality and reliability.
Company R&D Investment R&D Personnel Percentage of R&D Personnel
RMB 807 million 835 11.19%
Percentage of R&D Personnel with Master's Percentage of Personnel with
Expenditure to Revenue degrees or above Master' s Degree or above
As of the end of the Reporting Period, the of which
total number of valid patents held is
Annual invention patent applications Annual newly obtained utility Annual newly obtained
model patents invention patents
Annual invention patents granted Annual newly obtained design Annual newly obtained
patents software copyrights
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Product Quality Management Intelligent Manufacturing
The Company has built a digitalized, integrated online quality management platform and comprehensively improves the efficiency Coinciding with the strategic opportunity period marked by the holistic launch of the 15th Five-Year Plan and the accelerating advance-
and accuracy of quality management by utilizing digital tools to empower lifecycle quality management, handling 85% of the quality ment of new-era industrialization, intelligent manufacturing has become the core lever for cultivating new quality productive forces
management processes online. Additionally, we continuously advance quality management system certification, deeply promoting the and building a modern industrial system. Positioned at this defining moment, SANY Renewable Energy adheres to the development
standardization, normalization, and systematization of quality management. By the end of 2025, 13 companies have obtained ISO 9001 philosophy of "high quality, high efficiency, high flexibility, and competitive cost" in wind turbine manufacturing. We continue to deep-
Quality Management System certifications, including SANY Renewable Energy, Sany Tongyu, Sany Chenzhou, Sany Zhangjiakou, Sany en the R&D and application of intelligent manufacturing technologies, actively seizing opportunities for product quality upgrades and
Shaoshan and Sany Bayannur. enhancements in production and operational quality and efficiency. Relying on digital and intelligent technologies to empower lean
quality management, we aim to become a benchmark enterprise for intelligent manufacturing in the wind power industry and take a
To fortify quality risk defense, the Company conducts regular internal and external quality audits, precisely identifying management
leading role in the industry's intelligent transformation. The Company continuously optimizes the four major intelligent manufacturing
weaknesses and potential risk points. We entrust external third-party institutions to conduct compliance review of the quality man-
modules: the Manufacturing Operation Management (MOM) platform, the Warehouse Management System (WMS), the Excellence Qual-
agement system, issue review conclusions and propose improvement suggestions and enhancement plans. In addition, we select and
ity Management System (EQS), and the Internet of Things Data Acquisition System (IoT). Through the digital integration of various sys-
train internal quality reviewers. Through internal review, we evaluate the effectiveness, compliance, and appropriateness of the quality
tems and business modules, we achieve data integration and process management on workshop production and operation. Focusing
management system applied at each production and operation site, thereby identifying opportunities for improvement. During the
on key processes such as business operation, warehousing scheduling, equipment management, manufacturing process and quality
Reporting Period, the Company identified 24 non-compliance items through internal quality review, which were all resolved with a rec-
control, we realize intelligent integration in marketing, R&D, manufacturing, service and other fields to improve management efficiency
tification rate of 100%.
and production quality. During the Reporting Period, through measures such as launching the "Eye of Sky" system, deepening the dig-
Furthermore, we regard quality culture cultivation as a vital support for lean quality management. We actively carry out employee italization of the Lighthouse Factory, and implementing the AI blade defect repair solution, we continuously improved quality control
quality training and cultural promotion, establishing 10 quality culture standard initiatives. During the Reporting Period, we conduct levels, production efficiency, and product reliability.
quality training for employees, such as quality capability enhancement training and IPD5.0 system training, to strengthen their quality
awareness and expertise. We have also established quality award and punishment mechanisms to commend outstanding individuals
and teams in quality, integrating quality requirements into daily work, to improve quality management effectiveness and efficiency
through employee incentives and restraint mechanism. Manufacturing Operation Management (MOM) Warehouse Management System (WMS)
Additionally, we have formulated the Emergency Management Policy for Major Wind Farm Operation Incidents, clarifying specific pro-
We have put it in full online application across 20 We have connected the Warehousing Management
cedures and responsibility divisions for both proactive and passive product recalls. Upon identification of any product safety hazard
factories, including blade factories, wind turbine System (WMS) of SANY Renewable Energy with
or quality defect, a recall procedure will be promptly activated, followed by a thorough root?cause analysis and the implementation of
factories and generator factories. It realizes the the four high-bay warehouses of Sany Shaoshan
corrective measures to strictly prevent the recurrence of similar incidents.
whole-process online management of the produc- Blade Factory, Sany Chenzhou Factory, Sany In-
tion, quality and logistics modules, enables the telligent Motor Factory and Wind Turbine Factory.
Supply Chain Quality Management online control and tracing of process quality data, It supports automatic loading and unloading and
and achieves 100% paperless forms and records of paperless sorting, improving the factories' in-house
Supply chain is the foundation for ensuring product quality. Attaching high importance to supply chain quality control, the Company
on-site inspections. material outbound efficiency by 30%.
has built a collaborative supply chain quality management system to effectively mitigate supply chain quality risks. We have formulat-
ed the Supplier Quality Management Manual, clarifying lifecycle quality requirements for supplier admission, assessment, evaluation,
and exit, thereby regulating supplier quality behavior. During the Reporting Period, we updated management policies such as the
Supplier Quality Management Policy and the Production Material Supplier Surveillance Management Policy, to further detail supplier
quality control standards, and strengthen supervision and management of supplier production processes and material quality, there-
by ensuring controllability of supply chain material quality.
Intelligent
Manufacturing
Systems
Process Traceability Performance Evaluation Empowerment Training
During the Reporting Period, we com- We have fully incorporated quality We have established a Supplier Qual-
pleted the development of a supplier management requirements into ity College, providing supplier quality Excellent Quality Management System (EQS) Internet of Things Data Acquisition System (IoT)
quality deviation management system. the Company's supplier admission empowerment training in the mode
This achieved lifecycle online imple- and evaluation system, with clear of "training in practice", to communi- We invest a lot of resources to independently im- We achieve data integration of IoT and MOM. At
mentation for deviation application and supplier quality evaluation criteria cate the quality requirements of the plement lifecycle quality management, realizing Sany Shaoshan and Sany Bayannur blade factories,
approval, improving deviation handling to ensure that product quality is Company in a timely and accurate online management of all key business areas, in- the two systems facilitate data collection and statis-
efficiency and transparency. Concurrent- controlled from the source. manner. During the Reporting Period, cluding R&D quality, supplier quality, manufactur- tics for fabric dipping machines, and data collection
ly, we completed system integration and we delivered specialized training ing quality, after-sales quality, quality system, and and automatic identification for blade forming pro-
development to cover change requests for suppliers on lifecycle quality quality problem improvement. cesses. At wind turbine factories, the two systems
and subsequent verification tracking collaborative control and efficiency
support data collection for robots and wrenches,
for suppliers' Man, Machine, Material, enhancement. It improved suppliers'
and online monitoring and tracing of general as-
Method and Environment (4M1E). This expertise and quality awareness, fos-
sembly torque.
enables lifecycle traceability and con- tering a win-win supply chain quality
trollability of supplier changes. ecosystem.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Intelligent Manufacturing of Wind Power Equipment Empowered by Digital Craftsmen, and
Stringent Product Quality Control Case
Redefined by Humanoid Robots
Empowered by the "Eye of Sky"
At its Wind Power 5G Fully-Connected Flexible Intelligent
We have launched the Blade Quality "Eye of Sky" system, which is
Manufacturing Factory in Changping, Beijing, SANY Renew-
applied across 7 blade factories. It enables end-to-end online in-
able Energy completed the world's first deployment and
spection and panoramic traceability, effectively addressing pain
application of full-scale industrial humanoid robots in the
points like disconnection between quality inspection records and
wind power equipment manufacturing. This was featured in
physical items, and ensuring inspection authenticity. Therefore,
a special report by CCTV Finance in its 2025 China Economic
the abnormal flow of defective products is under strict control.
Annual Report. Two 1.76-meter-tall humanoid robots with
ing and greasing workstation. Utilizing AI visual recognition
and adaptive grasping coordination, they autonomously
complete the processes of bolt sorting and handling with a
precision of 3 to 5 millimeters, achieving a grasping success
AI-Assisted Precise and rate of over 95%.
Efficient Repair
We implement a digital blade repair solution, constructing a lay-
up data model to enable fully automated AI-generation of repair To accelerate the deep integration of AI technology with our operations and facilitate digital transformation, during the Reporting Peri-
plans. Covering 7 blade bases, we have completed modelling od we organized the "Creating the Future with Intelligence: AI-empowered Efficiency Revolution" innovation application competition.
for the 970E blade type and conducted pilot tests. Response effi- It cumulatively received 136 project entries, and incubated 17 outstanding entries, thereby effectively identifying internal AI talent and
ciency has improved by over 90%, and plan accuracy has risen to tangibly propelled the effective implementation of AI technology across various business scenarios. In addition, we established a reg-
sections: general AI enlightenment for all employees, practical application of AI agents and tools, and sharing of cutting-edge technol-
ogies. This effectively fostered a positive atmosphere for proactive AI learning among the workforce, thereby driving the transformation
of training outcomes into practical tools for business efficiency enhancement - efficient conversion of AI technology into productive
forces.
Upgraded Lighthouse Factory with
Higher Production Efficiency
We have deepened the digitalization of Sany Shaoshan Light- Metrics and Targets
house Factory, by implementing projects like quality digitaliza-
tion and online materials management. We have also introduced The Company releases the Quality Objectives Plan every year. In alignment with industry standards, customer demands, and the Compa-
core intelligent equipment such as centralized infusion and ny's development strategy, it defines core annual quality control objectives to continuously drive improvement in quality management.
robotic automated grinding equipment, and overcome challeng-
es in manufacturing blades over 100 meters in length. Through
Metrics
these initiatives, the factory has achieved a leapfrog upgrade
from traditional to smart manufacturing.
Number of product recall Number of major safety and quality liability Amount of damages for major safety and quality
incidents due to quality issues incidents related to products and services liability incidents related to products and services
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Smart Wind Farm Operations
SANY Renewable Energy actively integrates intelligent technology with clean energy, relying on advanced technologies such as smart
wind farms and smart operations to enhance the stability and efficiency of grid operations, effectively promoting the green transforma- Case Serbia Alibunar Wind Power Project, Promoting Regional Energy Transition
tion of the energy structure and low-carbon development. At the same time, the Company continuously optimizes its customer service
management system, constantly improving service quality and customer satisfaction, and is committed to creating long-term value for
customers. In June 2025, SANY Renewable Energy successfully signed a Power Purchase Agreement (PPA) and a Contract for Difference
(CfD) for the Alibunar project in Serbia. The total installed capacity of the Alibunar project reaches 168 megawatts, with an
expected annual power generation of approximately 480 million kilowatt-hours, and is planned to achieve commercial
Wind Farm O&M Management operation by 2028. The project will provide a large amount of clean energy to Serbia, reducing dependence on traditional
fossil fuels and helping to optimize the local energy structure.
The Company enhances the operation and maintenance capabilities of wind farms through advanced digital technology and intelli-
gent methods. By building an integrated operation system of "technology empowerment + service upgrade", it achieves efficient, safe,
and sustainable operation throughout the entire lifecycle of the wind farm.
Customer Service
One-Stop Solution for the Entire Chain
We provide customers with a one-stop solution covering the entire lifecycle of wind farms, from early The Company adheres to the business philosophy of "meeting customer needs and creating unique value for customers", dedicated
planning, EPC construction to later operation and maintenance. Through lean digital technology, we to providing high-quality products and services. We have established a service Company to manage customer service work and set up
deeply integrate intelligent wind farm systems with wind turbine product design to maximize product project service managers at wind farm level. The on-site project team strictly follows the Company's operational processes to handle
performance and improve operational efficiency and economic benefits of the wind farm. product faults, conduct regular maintenance, and implement technical improvements, ensuring standardized after-sales service for
products.
We highly value customer feedback and have established a smooth and efficient communication mechanism for customer complaints
All-Weather Intelligent Monitoring and feedback. We have formulated management systems such as the Customer Response and Complaint Handling Process and
the Customer Satisfaction Management Process to actively listen to and respond to customer needs in a timely manner. During the
Focusing on the stable operation of wind turbines, we innovatively use the wind turbine health man-
Reporting Period, we introduced new management systems including the Customer Communication and Response Mechanism for
agement system and intelligent operation and maintenance platform to achieve 7¡Á24 hours real-time
Service Companies and "Pre-Complaint Management" to further enhance customer service levels and reduce the occurrence of cus-
monitoring and online management of the entire operation and maintenance process.
tomer complaints. At the same time, we collect in-depth suggestions from customers regarding product and accessory improvements
through regular inspections and wind farm questionnaire surveys, and develop targeted technical improvement plans to effectively
address customer pain points, continuously enhancing product performance and customer satisfaction. Additionally, we conduct cus-
Predictive Closed-Loop Operation and Maintenance tomer follow-up surveys every two months to understand customer opinions on product quality, cost-effectiveness, after-sales service,
equipment usage, and brand perception, collecting evaluations of quality and service. During the Reporting Period, we received a total
Relying on the intelligent platform, we automatically complete fault warning, health diagnosis, and
of 491 pieces of customer feedback, with a closed-loop handling rate of 93.27%, and the customer satisfaction survey results scored
unit status identification, intelligently generate work orders, and build a closed-loop system of "moni-
toring - analysis - prediction - improvement" to reduce the failure rate of wind turbines through proac-
tive and precise maintenance.
Responsible Marketing
With the vision of "Promoting Efficient Utilization of Clean Energy", SANY Renewable Energy relies on its own wind farm resources to
continuously and stably supply clean green electricity to society, contributing to the construction of a new power system dominated SANY Renewable Energy adheres to the principle of integrity in business operations, strictly complying with the Advertising Law of
by clean energy. We continue to promote the development of China Certified Emission Reduction (CCER) and green power certificates, the People's Republic of China, the Consumer Rights Protection Law of the People's Republic of China, and the EU Directive on Unfair
effectively assisting customers in achieving carbon reduction compliance and green electricity usage goals. By the end of the Report- Commercial Practices, as well as relevant laws and regulations in the operating locations, ensuring that marketing activities are com-
ing Period, SANY Renewable Energy had developed a total of 267,372 green power certificates. At the same time, we actively promote pliant and legal. The Company resolutely eliminates false advertising and misleading information, genuinely respects customers' right
signing Power Purchase Agreements (PPA) and Contracts for Difference (CfD), participating in the construction of clean energy in more to know and choose, guarantees that promotional content is true, accurate, and transparent, and maintains a fair and just market envi-
countries and regions. ronment. During the Reporting Period, the Company did not experience any violations of marketing laws and regulations.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Green, Low-Carbon,
and Eco-Friendly
SANY Renewable Energy regards green development as the fundamental color and
pursuit of its operations. We understand that green is not only a way of development
but also a value belief and a sense of responsibility. The Company aims to become a
global leader in clean energy equipment and services, practices the concept of green
development, fulfills corporate environmental responsibilities, promotes the efficient
use of clean energy by humanity, and assists society in achieving a green energy
transition.
Sustainability Issues
Response to Climate Change, Clean Technology Opportunities, Environmental
Compliance Management, Energy Management, Water Resource Management,
Emission and Waste Management, Biodiversity Protection
UN Sustainable Development Goals (SDGs)
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Climate Change Response
SANY Renewable Energy consistently incorporates climate change into the core agenda of the Company's sustainable development,
continuously deepening climate governance, improving climate risk management, actively seizing climate opportunities, and accel- Risk type Description Financial impact Time horizon Value chain affected
erating the decarbonization process, taking practical actions to help achieve the long-term goal of the Paris Agreement to "limit the
increase in the global average temperature to within 1.5¡ã C above pre-industrial levels".
Increased pricing of GHG emissions: Driven by regula-
Governance tions such as the EU Carbon Border Adjustment Mech-
anism (CBAM) and the ongoing development of China's Increased
carbon emissions trading system, the Company faces procurement Upstream activities
Relying on a comprehensive sustainable development governance system, SANY Renewable Energy has established a three-tier R4 higher compliance costs for emissions from production, expenses Short, Business operations
climate governance structure led by the Board of Directors, executed by the management, and implemented by various functional operations, and export activities. In addition, carbon medium, and
Increased Downstream activities
taxes may raise the prices of raw materials such as steel, long term
departments. The Board of Directors is the highest responsible body for climate-related matters, responsible for reviewing and su- operating costs
thereby increasing wind turbine production costs and
pervising the formulation and implementation of the Company's climate action strategy, assessing and managing climate risks and
affecting profitability.
opportunities, setting and achieving decarbonization targets. The Strategy and Sustainability Committee assists the Board in planning
and supervising the response to climate change and related green low-carbon transition work. At the management level, the Company
has established an ESG Steering Group and an ESG Working Group as the core management bodies for climate-related affairs, regularly
reporting on climate action progress and major decision-making matters to the Strategy and Sustainability Committee. Each business
Policy
and functional department acts as the executing body, responsible for the specific implementation of climate actions and regularly and legal
Climate-related mandatory regulations and over-
providing feedback on implementation progress. risks
sight: Global climate compliance requirements contin-
ue to tighten. For information disclosure, companies
Strategy are expected to align with standards such as the IFRS
S2 Climate-related Disclosures issued by the ISSB, the
EU Corporate Sustainability Reporting Directive (CSRD), Upstream activities
SANY Renewable Energy deeply recognizes the systemic, interwoven, and complex nature of climate change, as well as the uncertainty the Guidelines No. 14 of Shanghai Stock Exchange for Increased
R5 Short, Business operations
of climate-related opportunities and risks affecting the Company's operations and value chain. During the Reporting Period, based Self-Regulation of Listed Companies¡ªSustainability operating costs medium, and
Downstream activities
on the TCFD framework recommendations, the Company conducted extensive industry research and, in conjunction with its business Report (Trial), and the Guide No.13 for Self-Regulatory long term
Supervision on Listed Companies of the SSE STAR Mar-
characteristics, ultimately identified and confirmed 9 significant climate risks and opportunities. At the same time, we introduced
ket¡ªCompilation of Sustainable Development Reports.
climate scenario analysis methods, based on different global greenhouse gas emission control scenarios, and comprehensively con-
These raise compliance management costs. During
sidered the uncertainties involved in the climate adaptation process (such as the frequency and intensity of extreme weather events, operations, the Company also faces cost pressures from
Transition risk
regional climate differences, and changes in policy and regulatory environments) to conduct forward-looking analyses of the identified regulatory schemes such as the CBAM.
climate-related risks and opportunities. For detailed results of the climate scenario analysis, please refer to the Company's published
"SANY Renewable Energy 2025 Climate Action White Paper".
Risk type Description Financial impact Time horizon Value chain affected
Shifts in customer demand: Amid the global transition
Floods: Increasingly frequent and severe floods may Increased to a low-carbon economy, demand for low-carbon Increased R&D
Upstream activities
damage production and operational facilities, disrupt operating costs products is rising sharply. Customers increasingly prefer expenses
R1 Medium to Business operations wind turbines with low-carbon materials, green design, Upstream activities
production, and cause wind power equipment failures, Impairment of Market Increased capital
resulting in asset losses and increased operating costs. long term Downstream activities R6 and superior carbon footprint performance, prompting Business operations
fixed assets risks expenditure
the Company to devote more resources to design opti- Medium term
Downstream activities
mization and green operations. Failure to meet evolving Decreased
Typhoons: Rising typhoon intensity and frequency may customer demands and expectations may result in the revenue
damage wind power equipment, increase operation Increased
loss of orders for products and services.
and maintenance (O&M) costs, and cause delivery operating costs Business operations
R2 Short to
delays. This risk is particularly acute as we expand off- Impairment of Downstream activities
medium term
Physical risks
Acute shore wind power operations, with potential impacts fixed assets
physical on customer confidence and brand reputation.
risks
Extreme temperatures: A rise in the frequency and in- Rising costs of low-carbon technology transition: With
the accelerating global energy transition and ever tight- Increased R&D
tensity of extreme heat may trigger power outages and
ening carbon regulations, low-carbon development expenses
equipment malfunctions, driving up production and Upstream activities
Increased
operating costs, increasing energy consumption, and Technol- has become a critical direction for the Company's wind Increased capital
operating costs Business operations R7 Medium to Business operations
R3 posing risks to personnel safety. Besides, extreme cold Medium to ogy risks turbine products. Sustained investment in R&D is re- expenditure
Impairment of Downstream activities quired for low-carbon and recyclable materials, as well long term Downstream activities
can cause icing on wind turbine blades, reducing op- long term Increased
fixed assets as energy efficiency improvements, to maintain market
erational efficiency and potentially damaging blades. operating costs
Falling ice also presents a safety hazard for onsite per- competitiveness.
sonnel.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Opportunity type Description Financial impact Time horizon Value chain affected
Climate Change Response
Innovation and expansion of low-carbon products
and services: Governments worldwide are gradually
increasing the share of green energy to optimize the
energy mix and achieve the temperature control Strengthening Climate Resilience Management¡ªIntegrating climate risk management into key processes
targets of the Paris Agreement, driving growing de- such as product R&D, supply chain management, production operations, and wind farm maintenance. By
Short, Upstream activities
mand for low-carbon products. As a top 500 global enhancing the adaptability of wind turbines under extreme weather conditions such as typhoons, icing, and
Products and Increased medium,
O1 renewable energy Company, SANY Renewable Ener- Business operations
sandstorms, and relying on smart operation and maintenance platforms and all-weather monitoring systems,
services gy continues to innovate in low-carbon technologies
revenue and long
term Downstream activities we strengthen meteorological warnings and operational management, continuously improving the safety and
and develop competitively advantaged wind turbines
powered by low-carbon technologies. Besides, we stability of wind farms and enhancing the resilience of the entire value chain in responding to climate change.
provide customers with one-stop wind farm solu-
Promoting Low-Carbon Transformation in Operations¡ªFocusing on improving energy efficiency and optimiz-
tions, including design, construction, and operation
services. ing energy structure, the Company continuously advances decarbonization actions in operations. Through dig-
ital technology, we promote energy-saving and efficiency-enhancing measures, replace fossil energy use with
electrification, and implement a renewable energy utilization strategy of "self-generated green electricity +
Exploration of new sustainable businesses: With purchased green electricity", gradually increasing the proportion of renewable energy use and reducing green-
sustained global growth in low-carbon energy house gas emissions during operations.
demand, the capacity and diversity of new ener-
gy markets continue to expand. While expanding Short, Promoting Collaborative Emission Reduction Across the Value Chain¡ªContinuously deepening green supply
Upstream activities
Market market share in emerging markets, the Company is Increased medium, chain management, guiding suppliers to implement carbon reduction measures in raw material procurement,
O2 Business operations
opportunities actively exploring circular utilization technologies revenue and long production, and transportation. We enhance carbon reduction awareness in the industry chain through sup-
and models for end-of-life wind power equipment term Downstream activities
plier training, cooperation mechanisms, and incentive policies. At the same time, the Company strengthens
(such as blades and turbines), opening new business
opportunities in product recycling and strengthening
product life cycle management, explores recycling and resource utilization paths for key components, and pro-
market competitiveness. motes upstream and downstream collaboration to achieve low-carbon transformation.
Note: Short-term (0-3 years); Mid-term (3-10 years); Long-term (over 10 years)
Clean Technology Opportunities
The Company fully considers the impact of climate factors in business layout, technology research and development, supply chain
management, and investment decisions, continuously optimizing resource allocation. It incorporates the results of climate scenario
With technological advancements and cost reductions, wind power is becoming a key force in the transfor-
analysis into the formulation of climate strategies and response measures, continuously enhancing its core capabilities to adapt to
mation of global energy structure. SANY Renewable Energy seizes this development opportunity, focusing on
climate change and dynamically adjust strategies and business models across different time dimensions. During the Reporting Peri-
promoting wind power technology innovation and industrial upgrading. Through the research and application
od, we further strengthened our climate resilience, promoted collaborative carbon reduction across the value chain, and accelerated
of high-efficiency, high-reliability wind turbines, we enhance the efficiency of clean energy utilization, assisting
sustainable product innovation, effectively addressing climate physical and transition risks while actively seizing climate opportunities
the global energy system in accelerating its transition towards a green and low-carbon direction. For more in-
and steadily advancing climate transformation.
formation on wind turbine product R&D progress and order status, please refer to the Company's "2025 Annual
Report".
The Company continuously enhances the large capacity and intelligence of wind turbines. By optimizing blade
Climate Strategy design, applying lightweight materials, and utilizing intelligent control systems, we improve the power genera-
tion efficiency and operational stability of the units, driving continuous progress in wind power technology and
leading the industry towards high-quality development. By the end of 2025, the cumulative power generation
of the wind turbines provided by the Company is expected to reach 189.6 billion kilowatt-hours, equivalent to
reducing carbon dioxide emissions by 100.6 million tonnes for society.
Response to Climate Change Clean Technology Opportunities
Adaptation to Mitigation of Climate
Climate Change Change
Impact, Risk and Opportunity Management
The Company incorporates climate-related risks into its comprehensive risk management process and clarifies responsibilities at all
Strengthen Climate Low-carbon Transition Emission Reduction
Resilience Management in Operations Across Value Chain levels through the Risk Management System. Each year, the CEO's office coordinates the assessment and management of climate risks
and opportunities, with the Audit and Supervision Department and other internal control personnel executing specific supervisory
responsibilities, establishing a three-line defense for climate risk management across departments. The Board of Directors regularly re-
views climate risk and opportunity reports, supervising management's design, implementation, and monitoring of the internal control
system to ensure the effectiveness of climate risk and opportunity management.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Environmental Compliance Management
SANY Renewable Energy has always placed a high priority on environmental compliance and ecological protection, adhering to green
and low-carbon production and operational methods. The Company actively manages the potential environmental impacts during its
production and operations, striving to protect natural resources and achieve harmonious coexistence and sustainable development
between humans and the environment.
Indicators and Targets
The Company has conducted a full value chain greenhouse gas inventory for the fifth consecutive year, accurately identi-
fying sources of greenhouse gas emissions in operations and the upstream and downstream value chain, and deeply ana- Environmental Management
lyzing major emission sources. Based on the inventory results, the Company has established scientific emission reduction
targets and clear decarbonization pathways, promoting low-carbon transformation across the entire chain and contributing Environmental Management System
to the achievement of sustainable development goals.
SANY Renewable Energy strictly complies with the Environmental Protection Law of the People's Republic of China, the Environmental
Impact Assessment Law of the People's Republic of China, the Cleaner Production Promotion Law of the People's Republic of China,
and other national laws and regulations, as well as local environmental protection regulations and standards in other operational loca-
tions worldwide, continuously promoting environmental compliance and refined management.
Climate Action Goals
The Board of Directors is the highest responsible body for the Company's environmental management. A Safety Production, Occupa-
tional Health, Fire Safety, and Environmental Protection Committee (hereinafter referred to as the Safety Committee) is established at
the executive level, chaired by the Company's general manager, responsible for strategic decision-making and supervision of environ-
In July 2024, the Company officially submitted the "Commitment Letter for Corpo- mental management. The HSE Management Department, as the executing department, coordinates the construction of the environ-
mental management system, environmental performance improvement, and daily monitoring management, ensuring that all environ-
rate Ambition to Support the 1.5¡ãC Temperature Goal" to the Science Based Targets
mental protection work operates efficiently and stably. During the Reporting Period, the Company further improved the environmental
initiative (SBTi), committing to advance climate action in an open and transparent
management system and updated several institutional documents. By revising the Environmental Policy, new control targets for waste-
manner, aiming to achieve net-zero emissions across its value chain by 2050. The
water, waste gas, solid waste, and carbon dioxide emissions were added, and the responsibilities of various functional departments
Company will set near-term, long-term, and net-zero emissions targets based on in environmental management were clarified; simultaneously, the organizational structure and corresponding emergency processes
SBTi standards and plans to complete the target setting and submit it for SBTi veri- in the Emergency Plan for Environmental Incidents were improved, detailing chemical storage information and wastewater treatment
fication within 24 months. plant conditions, enhancing the systematic and operational aspects of emergency management. Meanwhile, the HSE Management De-
partment optimized the personnel performance management mechanism, with the SANY Renewable Energy HSE team independently
conducting assessments to ensure the independence and objectivity of environmental supervision.
The Company regularly organizes internal environmental audits covering core departments such as the manufacturing headquarters
and the HSE Management Department, and commissions third-party independent organizations for annual external audits to ensure
In 2025, the Company will conduct research on the baseline year for emission re-
that the system operates continuously in compliance with standards and effectively achieves relevant environmental goals. By the end
duction targets based on the results of the value chain greenhouse gas inventory
of 2025, SANY Renewable Energy, Sany Tongyu, Sany Chenzhou, Sany Zhangjiakou, Sany Shaoshan, Sany Bayannur, and other major
from the past two fiscal years, combined with business development plans. It will
production and operation sites have achieved 100% ISO 14001 Environmental Management System certification.
strictly align with the SBTi 1.5¡ãC emission reduction pathway requirements and sys-
tematically advance the formulation of emission reduction targets. Focusing on key
emission segments, the Company will gradually clarify critical reduction areas and Environmental Emergency Drills
implementation pathways, laying the foundation for subsequent systematic emis-
sion reduction actions and achieving net-zero emissions in the value chain. SANY Renewable Energy strictly adheres to national laws and regulations such as the Environmental Protection Law and the Solid
Waste Pollution Prevention and Control Law, strengthening a systematic pollutant emission monitoring system to achieve digital mon-
itoring and data archiving of the entire process of waste gas, wastewater, and solid waste emissions. During the Reporting Period, the
Company continuously improved internal audit and external evaluation mechanisms, regularly conducting environmental compliance
inspections and third-party supervision assessments, establishing correction and improvement processes for potential violations to
ensure that pollutant emissions continuously comply with discharge permits and regulatory requirements. During the Reporting Peri-
od, the Company did not experience any major environmental emergencies.
GHG Emission Performance
Environmental Emergency Drills
Scope 1 Emissions (Tonnes of CO2 equivalent) 17,574
To strengthen environmental risk prevention and control, the Company has established a rapid response process for sudden environ-
Scope 2 Emissions - Market-based (Tonnes of CO2 equivalent) 175,515 mental incidents and improved the cross-departmental coordination mechanism. Based on actual production scenarios, we organized
a "Hazardous Waste Leakage Emergency Drill" during the Reporting Period, involving departments such as manufacturing and ware-
housing to simulate emergency situations of hazardous waste leakage during storage and transportation, comprehensively testing the
Scope 2 Emissions - Location-based (Tonnes of CO2 equivalent) 158,093
scientific nature of the emergency plan and the efficiency of the execution system's coordination. This drill was not only a practical test
of emergency response capabilities but also a deep education on risk awareness for all employees. Through the simulation drill, em-
ployees gained a clearer understanding of the identification, reporting, and handling processes for sudden environmental incidents,
significantly enhancing their collaborative capabilities. After the drill, the Company conducted a review of the entire process, further
optimizing the early warning mechanism and emergency processes, making the emergency management system more scientific, sys-
tematic, and operational, thereby building a stronger barrier for the Company's environmental safety.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Green Factory and Low-Carbon Park Development Waste Management
SANY Renewable Energy regards green manufacturing as an important di- We strictly adhere to relevant laws and regulations in operational areas for waste man-
rection for the sustainable development of the enterprise, fully promoting agement, formulating regulations such as Management Regulations for Waste Rubber/
the steady construction of green factories and low-carbon parks. During the Waste Resin Disposal and HSE Standard Atlas for Hazardous Chemicals & Hazardous
Reporting Period, the Sany Shaoshan Blade Factory successfully received Waste. We take targeted preventive and control measures for different types of sol-
the title of "National Green Factory", marking a new phase of systematic id waste that may be generated during production operations, including household
and standardized development in the Company's green manufacturing waste, industrial solid waste, hazardous waste, and construction waste, and establish
system; the Sany Shaoshan Blade Factory simultaneously formulated and a five-level control mechanism of "source reduction¡ªsubstitution¡ªrecovery¡ªreuse¡ª
implemented the Medium and Long-Term Plan for Green and Low-Carbon regeneration" to achieve full-process traceability of waste from generation to disposal.
Development, covering five major areas: energy decarbonization, resource By 2025, the Company has successfully controlled the total amount of waste to within
efficiency, clean production, green products, and land intensification, 35,000 tonnes, with a recycling and reuse ratio of no less than 50%. We implement clas-
forming a comprehensive management system from planning, execution to sified collection for non-hazardous waste, prioritizing the recovery or resource utilization
Sany Shaoshan "National Green Factory"
evaluation and optimization. Evaluation Certificate of recyclable portions, while the remaining non-hazardous waste is regularly disposed
of by third-party agencies. For hazardous waste, we set up dedicated temporary storage
points and implement standardized management throughout the collection, storage,
transportation, and disposal processes, regularly entrusting qualified third-party agen-
Pollutant and Waste Management cies for professional treatment.
At the same time, we continue to promote the application of comprehensive utilization
SANY Renewable Energy complies with national laws and regulations, as well as those of all places where it operates, regarding pollut- technologies for industrial solid waste, strengthening cooperation with relevant enter-
ant emissions and solid waste disposal. We adhere to the environmental management principles of "source reduction, process control prises to enhance the level of waste resource utilization. During the Reporting Period,
and recycling", strictly implement a pollutant emission monitoring system, and adopt advanced pollution control technologies and Sany Shaoshan Blade Factory carried out a special project to enhance the resource utili-
equipment to reduce pollutant generation and emissions. Through an institutionalized and refined management system, we promote zation of hazardous waste, entrusting qualified third-party agencies to clean and recycle
end-to-end governance and resource utilization of wastewater, waste gas and waste. The Company continuously identifies the poten- waste resin barrels, ensuring 100% compliant management of hazardous waste.
tial impacts of emissions of pollutants such as waste gas, wastewater and waste on employee occupational health, the working envi-
ronment and the living environment of surrounding communities, and effectively reduces the potential adverse effects of abnormal To strengthen employees' ability to manage hazardous waste and harmful substances,
emissions on employees and community residents through measures such as the efficient operation of pollution control facilities and the Company promoted an environmental protection special enhancement action dur-
regular environmental risk inspections. ing the Reporting Period, conducting training and examinations on hazardous waste
knowledge, covering compliance management throughout the entire process of hazard-
ous waste generation, storage, transfer, and disposal, involving 7,382 employees across
Wastewater Management 11 production bases.
The Company incorporates water resource protection and pollution prevention into its key environmental management work, setting
annual wastewater discharge targets based on the Environmental Policy. For the year 2025, the target for wastewater discharge is set at
plants and a circulating water system, implementing a closed-loop management model of "source reduction, classified collection,
compliant discharge", and regularly tests core indicators such as COD and ammonia nitrogen to ensure that wastewater discharge
meets relevant standards. At the same time, we continue to promote rainwater harvesting and water-saving irrigation projects by con-
structing rainwater collection pools and implementing water-saving facility upgrades to improve the efficiency of water resource recy-
cling.
Waste Gas Management
To effectively reduce atmospheric pollutant emissions, we continuously optimize the waste gas treatment system, strengthening me-
ticulous control throughout the entire process from production process optimization to end treatment. During the Reporting Period,
the Company replaced oil-based paints with water-based paints through source reduction measures, stabilizing the concentration of
volatile organic compounds (VOCs) emissions below 50 grams per liter and controlling the total annual waste gas emissions within
effectively extended the service life of waste gas treatment materials such as activated carbon, further lowering treatment costs. In
terms of end treatment, all production bases are equipped with waste gas collection and purification systems to centrally treat waste
gas generated during production, ensuring that emissions continuously comply with relevant environmental protection requirements.
Furthermore, we promote powder recovery devices in the powder coating process to achieve the recycling of powder materials. During
the Reporting Period, the powder recovery rate reached 82%, and the amount of powder purchased decreased by 47% year-on-year,
reducing waste gas pollutant emissions while enhancing resource utilization efficiency.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Efficient Resource Utilization
Based on systematic energy diagno- Energy-saving Initiatives Enhance Energy Efficiency
sis and focusing on energy storage
optimization, the Company continues By optimizing the process, the curing duration has been shortened from
Non-woven Tape
SANY Renewable Energy adheres to the resource management policy of "prioritizing conservation, driving efficiency, and clean sub- to deepen energy structure manage- 9 hours to 5 hours. This saves 50.78 m? of gas per cycle, achieving annual
Curing Time
ment. During the Reporting Period, energy savings and cost reductions of approximately RMB 115,000 and re-
stitution", viewing the efficient use of energy and resources as a key support for the high-quality operation of the green manufacturing Reduction Project
ducing CO2 emissions by 38 tonnes per year on average.
system. The Company continuously enhances energy efficiency and resource recycling levels through a three-pronged mechanism of Sany Shaoshan actively promoted the
system improvement, technological innovation, and project management, injecting sustained momentum for achieving low-carbon application of energy storage systems,
Rotor Impregnation Through fixture improvements, the single-batch processing capacity has in-
operations. continuously improving the self-con- Efficiency Improvement creased from 3 units to 4 units, improving oven loading rates. This reduces
sumption rate of photovoltaic power and Cost Reduction CO2 emissions by 141 tonnes and saves energy costs of approximately RMB
Energy Management generation, significantly enhancing Project 220,000 per year on average.
energy utilization efficiency.
The Company relies on the Energy Management Plan to build a systematic energy management system, continuously promoting three Lighting zoning and scheduled control for equipment operation have been
Lean Energy
major special projects: "energy-saving appliances, green energy, and clean energy". Through the "Four Meter" monitoring system, re- At the same time, we further released Consumption
introduced, and compressed air system leak detection and maintenance
energy efficiency potential through have been enhanced. This cumulatively leads to energy savings and cost
al-time monitoring and data management of water, electricity, oil, and gas, allowing for timely identification and reduction of energy Management Project
reductions of approximately RMB 1.15 million for the year.
waste, and improving the precision of energy use. At the same time, to strengthen energy management and improve energy utilization a series of energy-saving renovation
efficiency, we have formulated the Energy Management Work System based on national energy work policies and energy management projects.
standards, combined with the actual production and operation of the Company. An energy management leadership group has been
established to coordinate energy management decisions, and a responsibility mechanism has been set up to be implemented step
by step by various departments, workshops, and teams, forming an energy management network covering the entire Company to
Water Resource Management
effectively promote energy-saving measures. By the end of 2025, SANY Renewable Energy, Sany Intelligent Motor, Sany Tongyu, Sany Although SANY Renewable Energy's production and operations have a relatively low dependence on water resources, we still place a
Zhangjiakou, Sany Shaoshan, Sany Chenzhou, Sany Tacheng, and Sany Bayannur have obtained ISO 50001 Energy Management Sys- high priority on the regulated use and conservation management of water resources. According to our Environmental Policy, we have
tem certification. incorporated water-saving targets and related indicators into our annual environmental management system. We continuously opti-
mize the water resource recycling system and take various measures to strengthen water resource management, including establishing
Energy Consumption Performance a reclaimed water reuse and rainwater collection system, promoting water-saving irrigation and tiered water management systems,
achieving tiered utilization and recycling of water resources. We also conduct water-saving awareness campaigns covering all employ-
Comprehensive Energy Consumption (MWh) 355,590.00
ees and guide them to enhance water-saving awareness through water usage quotas and monthly assessment mechanisms, continu-
Total Direct Energy Consumption (MWh) 46,212.53 ously improving water management levels.
Total Indirect Energy Consumption (MWh) 309,377.47
Water Resource Consumption and Wastewater Discharge Performance
In 2025, the Company focused on building an integrated pathway combining photovoltaic power generation, energy storage systems Total Water Intake (Tonnes) 878,597.73
and green electricity trading to optimize its energy mix and improve energy efficiency. During the Reporting Period, renewable energy
Total Discharge (Tonnes) 474,748.92
accounted for 13.17% of the energy used by SANY Renewable Energy, and purchased green electricity across the Company's sites to-
taled 33,575.94 MWh.
Packaging Materials Management
Sany Shaoshan Blade Factory
SANY Renewable Energy actively practices the principles of green packaging and recycling, optimizing packaging material manage-
The microgrid photovoltaic system operates efficiently in a "self-consumption and ment systematically based on the concepts of reduction, reuse, recycling, and redesign. The Company continuously seeks more en-
surplus electricity grid connection" mode, with an annual self-consumed photovoltaic vironmentally friendly and low-carbon packaging solutions, aiming to reduce the environmental impact of products at all stages. By
power generation of 5,626.48 MWh. 2025, the Company plans to achieve low-carbon, resource-efficient, and circular packaging materials through initiatives such as pro-
moting wooden pallets to replace plastic ones and using biodegradable packaging films. By continuously improving packaging design
and recycling processes, the Company effectively reduces material consumption and environmental burden in the production phase,
SANY Renewable Energy Nankou Industrial Park
further consolidating the sustainable foundation of its green manufacturing system.
The annual rooftop photovoltaic power generation reaches 5,696.88 MWh; purchased
Green Power Certificate Trading Packaging Material Management Measures
green electricity amounts to 29,503.46 MWh.
Voucher (Partial)
Wooden Boxes Pallets Packaging Films
Sany Chenzhou Industrial Park
Achieved 100% photovoltaic self-generation, with an annual power generation of SANY Renewable Energy has estab- The Company promotes the use of wooden pallets While reducing the use of plas-
nism in collaboration with third-party small-scale initiative to use metal pallets instead ny opts for biodegradable and
organizations, recycling and reusing of wooden ones, which can reduce the waste of recyclable plastic packaging
Sany Bayannur Industrial Park approximately 30,000 wooden boxes 150 wooden pallets each month. At the same time, films for product packaging.
annually for shipping its self-manufac- it assists suppliers in recycling and reusing, signif-
Annual purchased green electricity is 2,108.48 MWh. tured products, which equates to saving icantly enhancing the usage cycle of pallets and
Green Power Consumption
Voucher (Partial) 1,537.84 tonnes of wood. the reuse rate of their raw materials.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Biodiversity Protection Ecological Restoration and Vegetation Optimization
The Company continuously advances ecological restoration at wind farms, treating it as a key link in practicing green development and
maintaining regional ecological balance. To this end, we continuously proceed with vegetation management and conservation, systemati-
SANY Renewable Energy fully recognizes that, in the process of promoting renewable energy development, ecological protection and biodiver-
cally enhancing site ecological functions and sustainable operation levels. Based on 3D modelling and multi-party assessments, we adopt
sity conservation are responsibilities that enterprises must undertake. In 2025, the Company continued to improve its ecological management
a "vegetation measures + engineering protection" model. We adopt specialized greening designs for high slopes, ensuring slope stability
system, responded to the United Nations Convention on Biological Diversity, fully implemented the Biodiversity Protection Policy and the Bio-
while maintaining the sustainable development of the ecological landscape community.
diversity Protection Management Measures, integrated ecological protection requirements throughout the entire project life cycle, incorporated
biodiversity protection into the corporate management system, and committed to making every effort to minimize its impact on the ecological During the Reporting Period, we compiled the Summary Report on Wind Farm Soil and Water Conservation Vegetation Measures, propos-
environment. ing differentiated plant configuration strategies for various climates, terrains, and soil conditions, and applying them in multiple projects.
The optimized greening measures increased the survival rate and coverage of vegetation at wind farms, improving their ecological and en-
Ecological Conservation Mechanism vironmental quality.
The Company has established special management systems and emergency plans for ecological and environmental protection. Ecological
protection responsibilities are integrated into the hierarchical management systems across the Safety, Quality & Environment Department, En-
gineering Construction Department, Production & Operations Department, Design & Research Institute, and Project Department. This creates
a full-chain mechanism of "system perfection ¡ª process implementation ¡ª supervision & evaluation ¡ª emergency response". Furthermore,
to address potential ecological risks at various stages, the Company has established biodiversity risk identification, emergency response, and
monitoring mechanisms to ensure continuous compliant project operation and effectively prevent ecological damage incidents.
During the construction of wind farms, spatial planning is the key link that is most likely to impact biodiversity. The Company strictly imple-
ments ecological and environmental impact assessments and biodiversity risk analyses to ensure that wind farm construction does not destroy
habitats or threaten endangered species, thereby minimizing the impact on birds and other organisms during operation. During the Reporting
Period, we conducted ecological and environmental impact analyses and control studies for the site selection and construction phases of new
plants, identifying potential risks such as ecosystem disturbance, loss of biological habitats, and environmental carrying pressure, and propos-
ing differentiated response measures.
Case Qifeng Mountain Landscape Platform Construction
Ecological Conservation Initiatives
In 2025, SANY Renewable Energy imple-
mented an ecological landscape upgrade
Site Selection Construction
project in the second phase of the Qifeng
Adhering to the principle of "ecology first, reasonable layout", we Implement ecological protection-oriented construction planning, Mountain project in Anren, creating a
strictly avoid sensitive areas such as ecological protection zones, delineate construction boundaries, prohibit encroachment, and demonstration model that integrates ecol-
drinking water sources, and habitats of rare species, prioritizing adopt on-site protection or transplantation measures for native ogy and culture in the wind farm. The pro-
construction in already developed areas to minimize occupation of vegetation, while constructing temporary ecological corridors to ject construction includes ecological facil-
native ecosystems. maintain ecological connectivity. ities such as landscape pavilions, viewing
Before project construction, the Company prepares management To address pollutant emissions, establish a source control sys- corridors, imitation wooden railings and
requirements and methods for biodiversity survey reports and or- tem by hardening roads and using water spraying to reduce dust, walkways, and camping platforms, with
ganizes on-site ecological status investigations to identify dominant setting up sedimentation tanks and oil separation tanks to treat a total investment of RMB 1.6937 million.
species and ecological nodes in the area, providing scientific basis construction wastewater, selecting low-noise equipment, and The project simultaneously implements
for decision-making. reasonably scheduling construction periods to minimize the dis- lawn greening of 3,800 m2 and the planting
turbance of dust, noise, and wastewater to surrounding biological of 400 shrubs, optimizing soil and water
All projects must pass environmental impact assessments and soil
communities. conservation and landscape coordination
and water conservation plan approvals before implementation, and
based on terrain features.
specialized demonstration reports on birds, forests, and other nec- For soil slopes, carry out grass planting restoration.
essary aspects are conducted for certain projects. This project, centered on "ecological resto-
For steep rock slopes, use net hanging spraying technology to im-
ration + cultural co-construction", success-
prove surface adhesion and soil conditions, increasing vegetation
fully combines wind power facilities with
survival rates and coverage.
natural landscapes and local culture, be-
Completion Operation coming an ecological demonstration area
that integrates leisure experience, popular
Timely implement ecological restoration and compensation meas- Reduce unit noise through product optimization, minimizing the
science education, and cultural tourism
ures, improve soil and restore vegetation on exposed surfaces, and potential impact of noise on local wildlife.
display. After the project was completed, it
optimize design with ecological slope protection and concrete re- Develop intelligent bird deterrents for wind farms that do not harm not only enriched the cultural life of local
taining walls to prevent soil erosion. birds, ensuring the normal operation of wind turbines while effec- residents and supported the local govern-
In response to the terrain characteristics of mountain wind farms, tively protecting bird populations. ment's implementation of ecological tour-
abandon the "universal and standardized" retaining wall scheme, ism and rural revitalization strategies but
and conduct special analyses based on micro-topography, rainfall also demonstrated SANY Renewable Ener-
characteristics, and fill requirements to achieve resource utilization gy's commitment to promoting ecological
of waste, excavation and filling balance optimization, and minimize civilization construction.
ecological disturbance, significantly reducing geological distur-
bance and secondary disaster risks.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
People-Oriented, Uniting
for Progress
SANY Renewable Energy views talent as the driving force for corporate development.
We adhere to the talent concept of "focusing on the strivers and helping employees
succeed", striving to create an equal, diverse, inclusive, caring, and healthy work
environment for employees, assisting them in achieving a harmonious unity of
personal value and career development.
Sustainability Issues
Equality and Diversity, Labor Rights and Human Rights Protection, Human Capital
Development and Occupational Health and Safety
UN Sustainable Development Goals (SDGs)
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Protecting Employee Rights
Protection of Labor Rights
SANY Renewable Energy is committed to building a fair, inclusive, and mutually supportive work environment for employees, contin- SANY Renewable Energy integrates respect for and protection of human rights into all aspects of its production and operations, establishing a
uously improving the human rights and labor management system to safeguard employees' legal rights and professional dignity. We sound human rights protection mechanism to effectively safeguard employee rights. We commit to implementing international human rights
have a "zero tolerance, zero violation" policy regarding labor rights incidents and integrate the concept of diversity and equality into standards such as the Universal Declaration of Human Rights, the UN Guiding Principles on Business and Human Rights, the International Human
the entire process of corporate culture and human resource management, ensuring that every employee grows and develops in a safe, Rights Charter, and the ILO Declaration on Fundamental Principles and Rights at Work, while strictly adhering to relevant laws and regulations
fair, and respectful environment. in our operating locations, including the Labor Law of the People's Republic of China, the Labor Contract Law of the People's Republic of China,
and the Regulations on the Prohibition of Child Labor. We aim to build a compliant, transparent, and responsible employment system. During the
Reporting Period, the Company updated and implemented the SANY Renewable Energy Human Rights Policy and Labor Management Manual,
Equal Employment clarifying the human rights governance structure and departmental responsibilities, aligning with international standards and local labor laws, sys-
SANY Renewable Energy adheres to the principle of fair employment based on "One Country, One Policy", strictly complies with local tematically establishing a human rights and labor management system, and setting medium- and long-term management goals. At the same time,
the Company prepared the Employee Handbook and the Foreign Employee Handbook, and improved the human resources operation manuals in
labor laws, continuously eliminates all forms of bias and barriers, and promotes a diverse, equal, and inclusive employment culture.
various employment locations, ensuring employee rights are protected throughout the entire process from recruitment to daily management. We
The Company has established systems such as the Integrated Recruitment Management Process and the Code of Conduct for Employ-
firmly eliminate any form of forced labor and child labor, and resist all forms of harassment, discrimination, and abuse in the workplace.
ees in Recruitment Positions to explicitly prohibit discriminatory practices in employment and profession, ensuring that the employ-
ment process is open, transparent, fair, and just.
The Company firmly prohibits unfair treatment based on gender, age, race, nationality, religious beliefs, or other social and personal Taking 2023 as the baseline year, we aim to increase the number of employees
factors, providing equal employment rights and career development opportunities for all candidates. The Company actively recruits
receiving human rights-related training, such as diversity acceptance,
talents from diverse genders, ethnicities, nationalities, educational backgrounds, and cultures, implementing special systems such SANY Renewable Energy
as the Guidelines for Caring for Employees from Minority and Vulnerable Groups, Guidelines for Basic Rights Protection and Career Medium- and Long-term discrimination, and harassment awareness, by 10%-20% by 2030.
Development for Persons with Disabilities, and Guidelines for Basic Rights Protection and Career Development for Female Employees. Labor Management Goals
The concept of diversity is embedded in the human resource management system, fostering an enterprise culture of equality, respect,
openness, and sharing. During the Reporting Period, the Company did not receive any reports or incidents of discrimination.
We continuously improve the employee complaint and protection mechanism based on the SANY Renewable Energy Human Rights Policy and
Labor Management Manual, ensuring that employee complaint channels are safe and accessible. Employees can anonymously submit opinions
or complaints to the Company through email, mailboxes, Feishu, or WeChat. At the same time, the Company strictly implements a whistleblow-
Case Supporting Employment for Local Persons with Disabilities er protection mechanism to ensure absolute confidentiality regarding the names of those involved, complaint details, and event circumstances,
preventing any form of retaliation. During the Reporting Period, the Company did not receive any reports or complaints regarding labor rights
incidents.
SANY Renewable Energy provides equal employment opportunities for persons with disabilities in accordance with the
In addition, the Company conducts annual training on diversity, labor, and human rights policies for employees, suppliers, contractors, and oth-
Guidelines for Basic Rights Protection and Career Development for Persons with Disabilities, ensuring that they receive fair
er partners, promoting the dissemination and implementation of human rights concepts throughout the entire value chain. During the Report-
compensation, benefits, training, and promotion opportunities. The Company also provides necessary assistive devices, ing Period, there were no incidents of child labor misuse, forced labor, harassment, abuse, or security violence, and the human rights and labor
accessible facilities, and mental health support. During the Reporting Period the Company actively recruited 35 employees management assessment found no significant violations.
with disabilities, offering a total of 81 job positions for persons with disabilities.
Zero human rights negative incidents (including but not limited
Employee Hiring Performance
to any form of forced labor and child labor) in our own opera- Completed
tions.
Total Number of Employees (persons)
Male Employees (persons) 12 interactive communication meetings between the organiza-
Completed
tion and employees regarding working conditions.
Employee collective agreement signing rate ¡Ý 80% Completed
Female Employees (persons)
Completed
¡Ý 9.5%
The scope of employees from minority and vulnerable group refers to ethnic minority employees.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Employee rights protection principles Compensation and Benefits
SANY Renewable Energy is value-driven, continuously improving its compensation and incentive mechanisms, adhering to equal pay
Legal employment Protection of minors' labor for equal work, and providing employees with highly competitive salaries in the market. We aim to build a compensation system that
balances fairness and motivation. Our compensation consists of basic salary, performance bonuses, allowances, and subsidies, and is
Workers must not be forced to work through violence or Verify the age of job applicants before hiring to ensure personalized and differentiated for all employees based on job value and performance contributions.
illegal means such as intimidation, coercion, threats, kid- that no child labor (under 16 years old), individuals who
During the Reporting Period, the Company focused on innovation and R&D incentives as well as expanding overseas markets, estab-
napping, or deception. All work must respect the personal have not completed basic education, or those below the
lishing an order incentive program for R&D personnel to encourage the technical team to pay attention to market demands and prod-
wishes of the workers, who can choose to leave the Com- minimum employment age in our country/region are em-
uct gross margins, promoting the commercialization of R&D results. Additionally, the Company distributed the third phase of its medi-
pany or terminate the contract at any time. It is strictly ployed. This does not include apprentices in legally com-
um and long-term stock incentive plan, covering key positions, R&D departments, and senior managers with a total of 1,365 instances,
prohibited to withhold employees' identification cards, pliant workplaces that meet all relevant laws and regula- amounting to a total of 52.4 million yuan, significantly enhancing organizational vitality and employee cohesion.
passports, or work permits as a condition for student em- tions. All employees under 18 years old must not engage
ployment. in work that may jeopardize their safety and health, and SANY Renewable Energy deepens the implementation of the Employee Benefits Management Regulations, legally providing all em-
ployees with five social insurances and one housing fund, paid annual leave, parental leave, maternity leave, and other statutory bene-
regular health checks must be conducted as required by
fits. We continuously improve the non-monetary benefits system, including meal subsidies, housing subsidies, employee dormitories,
law. Employees should be limited to work that matches
holiday benefits, birthday benefits, family visit benefits, high-temperature subsidies, employee health check-ups, and major life event
their capabilities.
benefits such as weddings, childbirth, and illness condolences, enhancing employees' sense of happiness in work and life from multi-
ple dimensions.
Protection of women's rights Fair employment and humanitarian treatment 2025 Employee Benefits Initiatives
Protect the rights and health of female employees, pre- Employees shall not be discriminated against in employ- Physical and Mental Health Maternal and Infant Care Disease Protection
vent sexual harassment, and provide health maintenance ment and work (such as promotion, rewards, and train-
at work, maternity leave, social security systems, nursing ing) based on nationality, language, race, skin color, age, The Company places great The Company pays close attention During the Reporting Period,
leave, and parental leave, ensuring that female employees gender, sexual orientation, disability, pregnancy, beliefs, importance on the physical to the needs of female employees. the Company's labor union, in
are not dismissed or discriminated against due to preg- political affiliations, community membership, or marital and mental health and overall During the Reporting Period, we conjunction with the Changping
nancy. It is strictly prohibited to terminate employment or status. Additionally, employees or prospective employees development of employees. upgraded the maternal and infant District Federation of Trade Unions
discriminate against female employees during pregnancy, shall not be forced to undergo discriminatory medical During the Reporting Period, in care room and simultaneously in Beijing, provided insurance for
maternity leave, and breastfeeding periods. In accordance examinations or pregnancy tests. Any acts of cruelty and collaboration with the higher-level optimized the care policies and all female employees under the
labor union, we systematically management processes for pregnant "Special Disease Mutual Assistance
with local labor laws and regulations, ensure that female inhumanity, including any form of sexual harassment,
created an online comprehensive and nursing employees. The Protection for Female Employees".
employees enjoy maternity benefits that are no less than sexual abuse, corporal punishment, mental or physical
support platform for employees, upgraded maternal and infant care This reflects the union's serious
those stipulated by local laws, and return to their positions oppression, verbal abuse, and human trafficking, are
covering multiple dimensions room features a human-centered commitment to centering on
with the same benefits after maternity leave. strictly prohibited. such as mental health counseling, design, emphasizing privacy employee needs, addressing
parent-child education guidance, protection and ease of use, providing practical issues for staff, and
and personal growth skills a comfortable, safe, and convenient highlights the Company's deep
We support the development of leadership and career advancement for female employees by ensuring equal development and pro- enhancement, aimed at alleviating exclusive resting and care space for concern for the health and well-
motion opportunities for women in the workplace through transparent and fair recruitment, promotion, and performance evaluation work and life pressures, enhancing female employees during pregnancy being of its female employees.
processes. As of the end of the Reporting Period, the data on the proportion of female employees in the Company is as follows: family happiness, and supporting and nursing periods.
continuous improvement in
professional capabilities.
Proportion of Female Employees 2025 Fiscal Year
Proportion of female employees in senior management (%) 5.06
Employee Communication
Proportion of female employees among those with STEM2 qualifications (%) 5.66
SANY Renewable Energy actively builds an open and transparent
Proportion of female employees in management positions across all revenue-generating departments (%) 7.06 employee communication mechanism, continuously optimizing
Reporting Email: zengl21@sany.com.cn
the management process for employee feedback and complaints.
The Company respects and effectively safeguards employees' freedom of association and collective bargaining rights, continuously A multi-level communication network has been established, con-
Communication
improving the democratic management system and promoting the constructive role of trade union organizations in corporate gov- sisting of "Chairman's Mailbox - Employee Symposium - Voice of and Mobile App: iSany
SANY Renewable Energy - Feishu/WeChat Complaints", effectively
ernance. Through forms such as employee representative assemblies and trade union committees, the Company has established a Whistleblowing
and promptly addressing issues raised by employees at all levels Channels for
multi-level, regular democratic communication mechanism to ensure that employees have sufficient rights to express and negotiate
both domestically and internationally, ensuring that employee Employees
in major decisions and system revisions. We have established specialized institutions such as the Trade Union Committee, the Funding Internal Portal: https://znvoe.sany.com.cn/
demands receive quick feedback. During the Reporting Period,
Review Committee, and the Women's Employee Committee to represent employees in collective negotiations on topics such as salary all feedback was responded to and rectified in a timely manner,
adjustments, occupational health, safety production, training and development, and anti-harassment and anti-discrimination, forming achieving a 100% issue closure rate.
an institutionalized dialogue mechanism. During the Reporting Period, all formal employees of the Company completed the signing of
four collective agreements, including the Comprehensive Collective Contract, the Special Protection Contract for Female Employees In the year 2025, we conducted a satisfaction survey for all formal employees, achieving a valid response rate of 95% and an overall
interests, the Special Collective Wage Contract and the Special Collective Contract for Remuneration of Skilled Talents. score of 81.1/100. The survey results indicate that employees are generally concerned about career advancement and development
opportunities. In response, the Company has launched the "Talent Transformation Project" to improve the talent development system
and career path construction, promoting the growth of employees in alignment with organizational strategy.
STEM refers to the four disciplines of Science, Technology, Engineering, and Mathematics.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Empowering Employee Development Employee Training
SANY Renewable Energy is committed to building an open and shared learning organization, allowing every employee to realize their
value through growth and achieve self-fulfillment through hard work. The Company continuously improves its training management
SANY Renewable Energy adheres to the talent philosophy of "putting the achievers first and helping employees succeed", committed
system, constructing a capability enhancement system that covers all employees and spans the entire career lifecycle. Based on the
to creating a working paradise for new energy talents in China. Through talent attraction, training empowerment, and growth develop-
Training Management System, the Company forms a comprehensive training matrix that advances leadership, professional skills, and
ment, the Company injects continuous momentum into the high-quality operation of the enterprise.
technical skills through the three major modules of "Cadre Academy - Professional Academy - Craftsman Academy", helping to pro-
mote the coordinated realization of talent development and the Company's strategic goals.
Talent Attraction and Recruitment
Talent Development System
The Company strictly complies with international labor standards and the Labor Law of the People's Republic of China, continuously im-
proving systems such as the Integrated Recruitment Management Process and the Code of Conduct for Recruitment Positions. It conducts
Leadership Academy Professional Competence Academy Craftsmanship Academy
campus recruitment, social recruitment, and internal talent mobility in a lawful and compliant manner, ensuring that the recruitment
process is fair, standardized, and transparent. Training in senior management Training in professional Skill level certification: Hold
leadership: Conduct seminars and certification: Carry out training in skill certification for
During the Reporting Period, to deepen school-enterprise cooperation, the Company held several campus recruitment special presenta-
training for senior management professional training and front-line technicians.
tions at University of Science and Technology Beijing, China University of Mining and Technology (Xuzhou), Hunan University, and Wuhan
on development strategies of the certification for internal positions. Training for team leader: Conduct
University of Technology. On-site activities included talent profile analysis, job breakdown sharing, and workplace experience exchange,
Company. Training in external certification: quality control and management
providing diverse career inspiration for young talents. During the Reporting Period, the Company's dual-channel talent attraction mecha-
nism of "campus recruitment + social recruitment" continued to attract high-quality talents to join SANY Renewable Energy. Lingshan spirits training: Provide external certification and competency training for all team
Conduct training in corporate training and examination support leaders across all production
operation and culture for leaders. for employees in need. stages.
Case School-Enterprise Collaborative Talent Attraction Three talent cultivation Training for project managers: Pre-service training for blade
programs: Initiate three Organize leadership training for worker: Deliver pre-service
talent cultivation programs managers in R&D and service skill training programs to new
In October 2025, SANY Renewable Energy hosted a special
named "Xunfeng", "Jifeng" and positions to improve their employees at blade factory.
presentation at the University of Science and Technology Bei-
"Changfeng" to train external management competencies.
jing. During the event, the HR team outlined the Company's
parties, high-potential talents and
talent profile, business leaders elaborated on the Competen-
fresh graduates.
cy frameworks for key roles, and senior alumni shared insights
into their professional growth journeys. The atmosphere at
the event was lively, with enthusiastic student interaction.
SANY Renewable Energy showcased its corporate culture with 2025 Training Program
sincerity and openness, further enhancing its brand influence
and attractiveness among the university community. To enhance the intelligent application capabilities of all employees, SANY Renewable Energy has launched an AI
special training plan covering core positions in technology, manufacturing, and management. The training adopts a
"dual-driven" model of online courses + AI practical competitions to stimulate employees' innovative thinking and data
AI Special application abilities. Through competition evaluations and project implementations, the Company achieves the trans-
Training formation from "learning AI" to "using AI". The project covers 1,734 employees, with an overall satisfaction rate of 4.8
Plan
out of 5, effectively improving the organization's AI application capabilities and incubating a batch of feasible solutions.
This program adopts a dual-track training model of "training and combat combined" and "mentor-led teaching" to
systematically enhance the professional capabilities and practical levels of core marketing talents. During the Report-
Marketing ing Period, this program has facilitated salary increases for 15 trainees and promoted 8 trainees to higher positions,
Leader
strengthening the marketing team's tiered structure and business leadership.
Program
To deepen digital transformation and innovation capabilities, the Company organized 40 key employees from the Wind
Turbine Research Institute, Process Institute, and Intelligent Research Institute to participate in a special AI study tour at
Alibaba. They discussed the application scenarios and future development directions of artificial intelligence in the equip-
Alibaba AI
ment manufacturing field, effectively broadening technical perspectives, strengthening cross-border integration and in-
Study Tour
novation implementation capabilities, and injecting new momentum into the Company's intelligent development.
To support employees' multi-level growth, the Company actively provides external educational resources and degree certification sup-
port, covering education programs such as EMBA and MBA, as well as skill level certifications for frontline employees. During the Re-
porting Period, a total of 1,084 employees passed skill certification exams (724 at the beginner level, 250 at the intermediate level, 109
at the advanced level, and 1 technician); 1,584 employees participated in professional certification exams, with 1,418 passing, resulting
in a professional certification pass rate of 89%.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Talent Development Employee Activities
SANY Renewable Energy is committed to advancing the "Talent-Driven Enterprise" strategy, aiming to build a talent development The Company emphasizes emotional care for employees and organizational culture building, creating a warm and vibrant corporate
system that is fully incentivized, smoothly growing, and fairly evaluated. During the Reporting Period, the Company promoted the atmosphere through a variety of employee activities. During the Reporting Period, we organized over a hundred activities, including
"Three Highs" talent policy to attract outstanding talents from both domestic and international sources, gathering strivers with high the "Women's Day" theme event on March 8th, the "Summer Cool-off" initiative, youth talent networking events, Christmas Eve visits,
compensation, forging professionals with high standards, and achieving excellence with high efficiency, creating an open, enterprising, and the "Who Will Win the Badminton Championship" tournament. Among them, the 2025 "New Year Goods Fair" attracted thousands
and practical talent ecosystem. To ensure the career growth needs of employees in different positions, the Company has established of employees, where participants wrote Spring Festival couplets, received New Year gifts, and shared moments of reunion, enhancing
a dual-channel promotion system based on the Employee Career Management Handbook and Cadre Management Process, covering employees' sense of belonging and happiness in a lively and warm atmosphere.
management and technical channels for 15 types of positions, including R&D technology, IT, and human resources. At the same time,
it standardizes the nomination, review, approval, investigation, and approval processes for employee promotions, forming a clear and
quantifiable career development path that promotes a win-win situation for employee personal growth and corporate development.
Management track Technical track
The Company has established a management track that For R&D and specialized technical talent, the Company
emphasizes both vertical promotion and horizontal has established a 12-level professional title system from
mobility. Employees can be promoted within the "Spe- Assistant to Expert. Professional capability and innova-
cialist ¡ª Manager ¡ª Senior Manager" sequence through tion achievements are recognized through an annual
semi-annual assessments. Core personnel can gain title evaluation mechanism, which is linked to compen-
cross-sequence promotion based on performance and sation and benefit grades. This encourages technical
March 8th "Women's Day" Theme Event "Summer Cool-off" Initiative
organizational needs, subject to review by the Talent talent to pursue continuous improvement and value
Committee. The Company has established a 21-level ti- realization through professional expertise.
tle system, covering clerical staff to core senior manage-
ment. Our people are nominated for promotion based
on performance appraisals and title holding cycles.
Dual-track Career Progression System
The Company adheres to the principles of fairness and objectivity in performance evaluation, establishing and implementing the Per-
formance Management System and Performance Management Process. Based on the nature of the position and level, a tiered perfor-
mance assessment mechanism is implemented, setting differentiated assessment cycles and target requirements for different levels,
creating a performance management system with SANY characteristics to ensure that performance evaluations focus on job value
Youth Talent Networking Event Badminton Tournament
while also considering employee development. During the Reporting Period, 100% of SANY Renewable Energy employees regularly un-
derwent performance evaluations.
Employee Performance Management Process
Preparation of signing of interview about the self-assessment on self-introduction
performance contract performance contract performance contract performance to performance
application of review of performance assessment on
performance appeal
performance results results performance
Supported by this performance system, the Company completed a talent inventory for 6,391 employees during the Reporting Period.
Based on annual performance and job competency, the "Nine-Box" model was applied to stratify and classify talents, accurately iden-
tifying core and potential talents, providing data and decision-making basis for succession planning. To enhance talent mobility and
development, the Company also improved the job rotation system, setting transitional salary and performance protection measures,
encouraging practical training across departments and business units, allowing outstanding talents to accumulate experience and
broaden their horizons through in-depth frontline and key position training, gradually forming a talent development pattern character- Christmas Eve Visit New Year Goods Fair ¡¤ Stocking Up Feast
ized by structural optimization and smooth mobility.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Occupational Health and Safety
Occupational Health and Safety Protection
SANY Renewable Energy always adheres to the management philosophy of "people-oriented, safety first", placing employee life, The Company systematically regulates occupational health monitoring, prevention of occupational diseases, and management of
health, and safety production in a crucial position within corporate management. The Company continuously improves its occupation- occupational hazard factors based on management systems such as the Regulations on Warning and Notification Management of Oc-
al health and safety management system through multi-dimensional measures such as system construction, risk prevention, techno- cupational Disease Hazards, Regulations on Occupational Health, Occupational Health Monitoring and Its Archive Management, and
logical upgrades, and training education, striving to enhance safety governance levels and risk response capabilities, and is committed Occupational Disease Accident Handling and Reporting System, continuously improving the level of occupational health management.
to creating a healthy, safe, and "zero harm" working environment for employees.
SANY Renewable Energy has established a health monitoring mechanism that covers the entire career cycle of employees, strictly im-
plementing a physical examination system for onboarding, on-the-job, and offboarding to ensure continuous attention and dynamic
Safety System Development management of employees' occupational health status. At the same time, the Company commissions qualified third-party organiza-
tions each year to conduct assessments of occupational disease hazard factors, evaluates the current status of occupational disease
SANY Renewable Energy strictly complies with relevant laws and regulations such as the Labor Law of the People's Republic of China, hazards every three years, and issues reports on the detection of occupational disease hazard factors and the evaluation of the current
the Production Safety Law of the People's Republic of China, the Occupational Disease Prevention Law of the People's Republic of Chi- status of occupational disease hazards, ensuring effective identification and control of various occupational hazard factors to continu-
na, and the Fire Protection Law of the People's Republic of China. The Company formulates and implements the Employee Health and ously optimize the working environment and prevent the occurrence of occupational diseases. As of the end of the Reporting Period,
Safety Management Manual, Human Rights Policy and Labor Management Manual, and Emergency Management System for Produc- the Company has no new cases of occupational diseases.
tion Safety, systematically standardizing occupational health and safety management work. Meanwhile, with the expansion of overseas
business, the Company has developed the Offshore Operations Safety Management System and the Special Emergency Plan for Ship
Emergencies to further improve the safety management system for overseas operations and strengthen risk prevention capabilities in Notification of
For the monitored and identified occupational health and safety risks, we post notification cards
offshore operations. By the end of 2025, SANY Renewable Energy, along with its 11 main production and operation sites including Sany Occupational
regarding occupational disease hazard factors to ensure that employees are aware of the hazard
Tongyu, Sany Chenzhou, Sany Zhangjiakou, Sany Shaoshan, and Sany Bayannur, will have achieved 100% certification through the ISO Disease Hazard
factors in their positions and take protective measures as required.
The Company implements a top-down occupational health and safety management system, with the General Manager serving as the
ultimate responsible person for occupational health and safety management. A Safety Committee is established at the executive level
to make decisions and supervise major safety production matters, while the HSE Management Department is responsible for specific Establish the Labor Protection Supplies Management System and continuously update the Labor
organization and implementation, forming a clear and hierarchical safety management structure. To further strengthen the implemen- Distribution of
Protection Supplies Distribution Record. Distribute labor protection supplies that meet occupa-
tation of safety responsibilities, the Company has established an independent HSE assessment mechanism, incorporating safety pro- Labor Protection
tional health and safety protection requirements according to job positions, including safety hel-
duction goals into the performance management system. By signing HSE responsibility documents at each level, safety responsibilities Supplies
mets, work clothes, anti-smash shoes, safety belts, etc.
are detailed and assigned to various management levels and frontline positions, promoting a model of occupational health and safety
management that involves all employees and controls the entire process.
Health Check-ups for
Occupational Health and Safety Management Goals and Performance Require 100% of employees engaged in work involving occupational disease hazard factors to
Employees Exposed to
complete pre-job, in-job, and post-job health check-ups, and implement the requirement of one
Management Goals 2025 Occupational Disease
health record per person to ensure traceability.
Hazard Factors
Injury rate per thousand ¡Ü 2¡ë 0.54¡ë
Accident rate for recorded work injuries per million working hours < 1 % 0.26%
Fatal accidents 0 0 Conduct online training on occupational health to educate employees about the prevention of oc-
Occupational
cupational diseases, identification of hazard factors, and the use of protective supplies, in order to
Occupational disease accidents 0 0 Health Training
enhance employees' awareness of occupational health protection.
Major environmental accidents 0 0
Major fire accidents 0 0
Publish the Employee Mental Health Work Guidance Manual to educate employees on the basics
Employee Mental
of mental health and help managers at all levels master fundamental employee mental health
Health
management methods.
Conduct training sessions for employees on knowledge and preventive measures for repetitive
Prevention of
strain injury prevention, helping them establish awareness of such injuries. At the same time, pro-
Repetitive Strain
vide automated tools like Automated Guided Vehicles (AGV) and electric forklifts to help employ-
Injuries
ees reduce the likelihood of encountering work scenarios that may lead to repetitive strain injuries.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Under the framework of the occupational health and safety management system, SANY Renewable Energy strictly implements the
Occupational Health and Safety Training
Emergency Management System for Production Safety and the Management System for Safety Production Rewards, Penalties, and
Assessments, continuously enhancing safety protection at work sites. This is achieved through improving protective equipment con- SANY Renewable Energy has established a systematic safety education and training system and formulated the Safety Education and
figurations, advancing production process upgrades, and strengthening intelligent safety controls to reduce safety and occupational Training Management System. Regular safety training is conducted for all employees (including dispatched workers, interns, and tempo-
health risks during production operations. rary workers). The Company combines actual production and operational needs to conduct specialized safety training for new process-
The Company, in conjunction with the Safety Risk Identification and Grading Control System, equips employees with labor protection es, technologies, and equipment applications. Various forms, such as emergency drills and accident case reviews, are used to enhance
supplies that meet safety standards based on the risk levels of different positions, and regularly conducts assessments and optimiza- employees' risk identification capabilities and on-site handling skills, integrating safety concepts into daily production management.
tions of protective equipment. In 2025, in response to employee feedback regarding the anti-fog performance and comfort of goggles
On September 22, 2025, the Company organized a liquid nitrogen operation emergency drill at SANY Renewable Energy's
during work, the Company organized trials for multiple models of goggles that meet safety standards. After evaluating their compre-
Liquid Nankou Park, simulating a liquid nitrogen pipeline leakage scenario. The drill covered risk identification for liquid nitrogen
hensive safety performance and employee experience, a unified configuration of new model goggles have been completed, ensuring
Nitrogen operations, explanations on wearing safety protective equipment, operational demonstrations, and emergency response
protective effectiveness while enhancing comfort and convenience during work.
Operation process drills. This helped employees further grasp the safety operation key points and accident handling processes for
We integrate safety concepts into production processes and equipment modifications, using automation and intelligent technology to Emergency liquid nitrogen operations, enhancing their ability to identify and respond to risks associated with low-temperature media.
reduce employee exposure in high-risk or high-intensity work environments. During the Reporting Period, the Company introduced au- Drill After the drill, optimization suggestions for the configuration of protective equipment for liquid nitrogen operations were
tomated edge trimming equipment in the blade production process, along with an efficient dust removal system, achieving automated proposed based on on-site feedback, further improving safety management measures in special operational scenarios.
processing of edge trimming, effectively reducing dust dispersion and lowering occupational health risks, while significantly alleviating
the intensity of repetitive labor for employees. Additionally, the Company has strengthened intelligent safety protection measures in In November 2025, the Company organized a "Fire Safety Month"
key operational areas of the production line, such as installing safety light curtain devices in robot operation areas, which automat- activity, with a total of 506 employees from the manufacturing
Fire department participating in online fire safety training. At the same
ically shut down the system when personnel enter the equipment's operating range, effectively avoiding safety hazards caused by
equipment mis-operation. The Company also continues to promote the automation upgrading of the wind turbine manufacturing pro- Safety time, offline fire drills, emergency evacuation drills, and fire equip-
duction line, enhancing the stability and safety controllability of the production process through automated assembly and production Month ment usage training were conducted at Sany Rizhao, Sany Chen-
flow applications, thereby reducing safety risks at the source. Special zhou, and the SANY Renewable Energy Nankou Park. By combining
Training systematic training with on-site drills, we further enhanced em-
In addition to operational safety management, the Company also pays attention to employees' mental health and establishes a men- ployees' ability to identify fire risks and their emergency response
and Drills
tal health care and counseling mechanism based on the Employee Mental Health Work Guidance Manual. This includes identifying and levels, ensuring fire safety at the production site.
intervening in potential psychological stress risks and providing timely psychological counseling for abnormal behaviors, helping em-
ployees maintain a good physical and mental state.
Stakeholder Safety Management
Safety Production Control Measures
We place great importance on the occupational health and safety of contractors and on-site service suppliers. We strictly implement
unified safety management standards, providing safety reminders, supervision, and control throughout the entire work process. During
the Reporting Period, the Company further strengthened safety management requirements for suppliers and contractors, improved
the safety training system across the entire chain, and continuously enhanced the safety awareness and operational compliance of
stakeholders.
Identification and Assessment of Hazard Sources Safety Grid Management Safety Management of Related Parties
According to the Hazard Source Identification and Risk Implement a safety grid management plan, adhering
The Company has formulated the Relevant Party Management Policy to enforce work safety, clarifying construc-
Assessment Control Procedure, regular identification to the principle of "whoever is in charge is responsible"
Safety tion safety and environmental measures and the emergency preparedness and response mechanism. The policy
and assessment of hazard sources are conducted. for safety management. Each regional leader is respon- Policy also provides enhanced controls for relevant parties and visitors, standardizes work safety behaviors and clarifies
Based on the identification results, each department sible for the safety work within their jurisdiction, pro-
safety management responsibilities.
must include Level I and Level II hazard sources in daily moting the implementation of safety responsibilities at
safety management and inspection tasks to reduce po- the regional, position, and personnel levels, achieving The Company signs the Agreement on the Management of Occupational Health and Safety and Environmental
tential risks in safety production. For Level III and Level refined and normalized safety management. Protection and the Safety Notification with all relevant parties. In this way, we clarify the responsibilities of each
IV hazard sources, control files are established, and Safety
party in work safety management and the necessary safety measures, and ensure that all visitors understand the
Agreement
effective control measures are formulated for focused Company's safety management standards and risk matters. We also require relevant parties to provide safety and
management. environmental protection related construction plans and conduct strict risk review and prevention.
Relevant parties we engage for different operations are required to take the safety training and exams at the
proper level before they can work on site. The safety training for relevant parties enables contractors to fully un-
Safety
derstand the Company's safety requirements and the precautions, as well as their safety management responsi-
Training
bilities. The purpose is to prevent the occurrence of accidents at the contractor side, improve contractors' safety
management level, and enhance the safety awareness of construction personnel.
Behavioral Safety Observation (BBSO) HSE Points Assessment for Frontline Employees
Implement behavioral safety observation mechanism Establish a HSE points assessment mechanism for
Case Supplier Safety and 6S Management Training
by observing employees' on-site operational behav- frontline employees, quantifying their safety behavior
iors and engaging in interactive communication. This performance and participation in safety activities. This
strengthens standardized operational behaviors, evaluates and incentivizes employee safety perfor- The Company incorporates suppliers and contractors into a unified safety management system, requiring them to complete
promptly corrects unsafe operations, proactively iden- mance, guiding them to benchmark against best prac- safety inspections and sign safety management agreements and 6S notifications before entering the work site. They must
tifies and eliminates safety hazards from a behavioral tices and continuously improve, thereby promoting the also undergo safety training and assessments. During the Reporting Period, the Company organized safety and 6S manage-
perspective, prevents safety accidents, and continu- accountability of safety production to individuals. ment training for suppliers, with a total of 44 participants, further promoting the implementation of safety management
ously cultivates safety culture. requirements for relevant parties.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Supporting Community Development Public Welfare and Charity
While promoting the development of clean energy, SANY Renewable Energy pays attention to the positive role of corporate operations SANY Renewable Energy adheres to the philosophy of "first being a person, then doing things", actively engaging in public welfare, con-
in driving community and regional development. The Company participates in community co-construction through various approach- tinuously carrying out diverse charitable activities, encouraging employees to participate in social welfare, and promoting the continu-
es such as new energy project construction, public welfare activities, and volunteer services, promoting regional economic develop- ous creation of corporate social values. During the Reporting Period, the total contribution to charitable activities by the Company was
ment and co-creation of social value. RMB 610,000.
Engaging in Community Building 2025 Public Welfare and Charity Activities
SANY Renewable Energy actively fulfills its corporate social responsibility, supports community construction in operational areas,
and promotes the optimization of regional energy structure in coordination with local industries. During the implementation of wind
Charitable Blood Donation
power projects, the Company drives the improvement of related infrastructure and the development of supporting services through
project investment and operation, continuously increasing the proportion of green energy in the regional energy structure, injecting
long-term stable power into local economic development. At the same time, the Company emphasizes ecological protection and In March 2025, the Company responded to the local blood donation initiative and
engineering safety during the project planning and construction phases, reducing the impact of the project on the surrounding envi- organized employees to participate in a charitable blood donation activity, with over
ronment through measures such as slope treatment, soil and water conservation, and vegetation restoration. In mountainous wind 140 employees actively participating to support public health in society through
power projects, we conduct special design and stability analysis of retaining wall structures based on the micro-topography, geological practical actions.
conditions, and rainfall characteristics of the project area, strengthening slope protection capabilities. By optimizing construction or-
ganization and excavation-filling balance design, we prioritize using construction waste for roadbed filling, reducing the occupation of
ecological environment by waste stacking and the risk of soil erosion, while ensuring engineering safety and promoting regional eco-
logical environment protection.
World Book Day
SANY Renewable Energy's wind farm projects In April 2025, to actively respond to the call for nationwide reading and support pub-
lic welfare, the Company participated in the "Revival of All Things" book donation ac-
During the construction of the Qinglang Wind Farm, the Company employed a combination of vegeta- tivity organized by the SANY Foundation during World Book Day, donating youth lit-
tion measures and engineering protection to enhance slope stability, while also establishing a sustain- erature to students in impoverished mountainous areas, conveying warmth through
able plant community system. Project construction strictly adhered to environmental requirements. By the fragrance of books, interpreting responsibility with love, and contributing to the
standardizing construction waste disposal, controlling noise, and strengthening vegetation protection, creation of a book-loving society.
the impact of construction activities on the surrounding ecological environment was reduced. In the
Qinglang future, the project plans to integrate the wind farm's landscape resources, with the construction of
Wind Farm facilities such as sight-seeing platforms and cycling paths, to promote the integrated development of
energy production and eco-tourism.
Public Welfare Classroom
In July 2025, the Company, in collaboration with the SANY Foundation, conducted
a public welfare classroom activity for employees' children during a summer camp,
As the Suxian Liangtian Wind Farm is located in mountainous terrain with high rainfall and complex
themed "Exploring Technology + Creative Practice". Through a combination of sci-
geological conditions, we mitigated mountain soil erosion risks through measures like optimizing
ence popularization explanations and practical experiences, children were able to
drainage systems and reinforcing slope structures. Concurrently, we conducted vegetation restoration
closely understand the intelligent manufacturing and new energy industries. Led by
research and implemented ecological greening measures tailored to different climatic, topographic,
professional instructors, the children visited the wind power equipment production
Suxian Liangtian and soil conditions, continuously improving regional vegetation survival rates and ecological stability.
workshop to learn about the production process and the principles of automated
Wind Farm
equipment operation, and experienced activities such as making small powered
cars, feeling the charm of technological innovation and stimulating their interest in
science and technology.
The Company integrated ecological restoration with public space development. By simultaneously
advancing landscape greening, soil and water conservation, and facility construction, we created wind
farm landscapes that serve both ecological governance and public recreation functions. The project
Volunteer Activities
improved the ecological quality of the wind farm area through optimized plant configuration and eco-
logical restoration measures. It also integrates sight-seeing platforms, boardwalks, and leisure facilities, The Company continues to carry out science popularization and research activities aimed at young people. During the Reporting Pe-
Qifengshan providing ecological recreation and science education spaces for local residents. This enables synergis- riod, multiple research activities for primary and secondary school students were organized, including workshop visits, technology
Wind Farm tic development of clean energy generation, ecological protection, and community sharing. explanations, and practical experiences, helping students understand the manufacturing of new energy equipment and intelligent pro-
duction processes, thereby enhancing the scientific literacy of young people.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Upholding Integrity
and Principles
SANY Renewable Energy builds its business on consistent integrity. We consolidate our
development foundation with a standardized and transparent governance system and
convey our sense of responsibility through win-win supply chain management. Joining
hands with industry partners, we are striving towards a high-quality, sustainable
future.
Sustainability Issues
Business Ethics, Compliance and Risk Management, Data Security and Privacy
Protection, Sustainable Supply Chain
UN Sustainable Development Goals (SDGs)
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Efficient Corporate Governance Board Diversity
The Company actively promotes the diversity of the Board of Directors in terms of gender, cultural background, professional skills, and
other aspects, aiming to build a well-structured and complementary board to enhance the scientific and forward-looking nature of de-
SANY Renewable Energy adheres to the Company Law of the People's Republic of China, the Securities Law of the People's Republic
cision-making from diverse perspectives. The Company has formulated the Policy on Independence and Diversity of Board Members,
of China, the Code of Corporate Governance for Listed Companies, and the Listing Rules for Stocks on the Shanghai Stock Exchange's
incorporating factors such as educational background, professional experience, skills, knowledge, tenure, gender, age, nationality, race,
Science and Technology Innovation Board, continuously optimizing our governance system and enhancing the transparency and ef-
and cultural background into the selection and evaluation of directors, continuously enhancing the independence and diversity of the
fectiveness of corporate governance.
Board. The specialized committees of the Board are composed of industry talents and experts with professional experience in accounting,
finance, engineering, etc., ensuring the effectiveness of the Board's duties and improving the overall governance level of the enterprise.
Governance Framework
SANY Renewable Energy's Governance Structure
The Company has established a governance
Investor Relations Management
structure composed of the shareholders' meet- The Company adheres to the principles of legal compliance, openness, and transparency, and has established the Investor Relations
ing, the board of directors, and the management Strategy and Sustainability
The Shareholders' Meeting Management System to maintain information communication with investors through diversified communication channels, effectively
team, clearly defining the responsibilities and Committee
safeguarding investors' rights to information, participation, and oversight.
authorities of each governance entity to ensure
Audit Committee
they perform their duties in a lawful, standard-
ized, efficient, and comprehensive manner. At Board of Directors
the same time, the Company has formulated Nominating Committee Information Disclosure Investor Communication
the Articles of Association of SANY Renewable
Energy Co., Ltd., and improved various proce- Management Team Remuneration and The Company has formulated the Information Disclo- The Company designates the Board secretary as the
dural rules to promote the scientific operation of Appraisal Committee sure Management Policy and other relevant policies direct person responsible for investor relations man-
the corporate governance system and drive the concerning information disclosure to regulate the agement, fully overseeing the Company's investor
Company's stable and sustainable development. conduct of the Company in this regard, and to safe- relations work. Additionally, an investor communica-
guard the quality of information disclosure. By doing tion officer is set up in the securities investment office
so, we ensure that the Company's shareholders, cred- to handle investor communication. During the Re-
Shareholders' Meeting itors, potential investors and other stakeholders are porting Period, the Company responded to investor
able to gain a comprehensive understanding of the inquiries 290 times, held 124 investment strategy and
The Company convenes and holds shareholders' meetings strictly in accordance with the Rules for Share-
Company's operating status, financial positions, risks communication meetings, 3 performance briefings,
holders' Meetings of Listed Companies, the Articles of Association of SANY Renewable Energy Co., Ltd., and
and prospects. 6 executive roundtable discussions, and 2 open days
other relevant laws, regulations, and rules. It diligently carries out tasks such as meeting notifications, pro-
for small and medium-sized investors.
posals, deliberations, and voting, fully ensuring that shareholders enjoy equal status and effectively exercise
their rights to information, participation, inquiry, and voting.
Board of Directors and Sub-committees
The Board of Directors is accountable to the shareholders' meeting, performing strategic decision-making func-
tions, leading and supervising the Company's business development, strategy formulation, and performance.
The Board has established the Audit Committee, Nominating Committee, Compensation and Assessment Com-
mittee, and Strategy and Sustainability Committee, which are responsible for providing advice on specialized
matters, assisting the Board in decision-making, and ensuring the scientific nature of the Board's professional
decisions. To further enhance supervisory effectiveness, the Company empowers the Audit Committee to exer-
cise the powers of the Supervisory Board, overseeing the Company's financial status, significant matters, and the
The Company has always prioritized the protection The Company has established a sound corporate gov-
legality and compliance of the duties performed by directors, managers, and other senior executives.
of shareholder rights, formulating and strictly imple- ernance structure in accordance with the Company
menting relevant systems, actively carrying out the Law, Securities Law, Rules for the Listing of Stocks on
procedures for convening shareholder meetings, and the Sci-Tech Innovation Board, and other laws and reg-
Management Team striving to create long-term value for shareholders ulations, as well as the Articles of Association, ensuring
while promoting sustainable development. that shareholders, creditors, and potential investors
The management team is accountable to the Board of Directors and conducts daily production and opera-
can timely and equally access information, participate
tional matters based on the authority granted by the Board and its own functions.
in corporate governance activities in compliance with
regulations, and effectively safeguard the legitimate
rights and interests of shareholders and creditors.
As of the end of the Reporting Period, the Company's Board of Directors has a total of 8 directors, including 1 female director (accounting
Returns to Shareholders Protection of Shareholder and Creditor Rights
for 12.50% of the Board) and 3 independent directors (accounting for 37.50% of the Board). During the Reporting Period, the Company
held 4 shareholders' meetings, 14 Board meetings, and 16 specialized committee meetings of the Board.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Robust and Compliant Operations
The Company has incorporated emerging risks into its risk management mechanism to effectively respond to uncertainties arising
from changes in the internal and external environment. We regularly identify, assess, monitor, and report on emerging risks, and con-
duct in-depth analyses of identified risks to clarify their potential medium- to long-term impacts and formulate corresponding mitiga-
SANY Renewable Energy continuously improves its risk prevention and internal control compliance management system, adhering to tion measures. During the Reporting Period, the Company assessed the identified emerging risks, and the results showed that geopo-
high standards of business ethics and actively building a transparent, fair, and honest operating environment. litical conflict risks and data privacy and security risks remain our main emerging risks.
Geopolitical Conflict Data Privacy and Security
Risk Management
As the pace of digital transformation picks up,
The Company regards the Board of Directors as the highest responsible body for internal control and risk management, with the CEO's Intensifying global geopolitical tensions may lead to
SANY Renewable Energy is exposed to risks of data
office coordinating risk management efforts. The Audit Department, along with other internal control personnel, executes specific su- supply chain disruptions, raw material price fluctua-
Risk breaches, cyber attacks and compliance in intelli-
pervisory responsibilities, relying on various departments to establish a three-line defense for compliance management. tions, higher trade barriers, and rising market uncer-
Description gent manufacturing, remote O&M, and customer
tainty, which consequently will affect our international
data management, which may adversely affect the
Three Lines of Defense for Compliance Management business expansion and operational stability.
Company's reputation and customer trust.
First Line of Each business department or subsidiary is responsible for identifying and controlling risk points in- We will optimize our global supply chain layout and en-
Defense volved in its own operations. The Company will enhance the data security system
hance our capabilities of local production and procure-
by adopting advanced encryption technology and
ment to reduce dependence on a single market. At the
access control mechanism to safeguard sensitive
same time, we keep a close eye on international policy
information. Moreover, we will conduct regular
Second Line of The Finance Department, Legal Department and other relevant departments assist business depart- Response developments, strengthen compliance management,
cybersecurity audits and employee training to en-
Defense ments to control compliance risks in their areas of expertise. Measures and ensure the compliance of our business with the reg-
hance overall security awareness. At the same time,
ulatory requirements of various countries. In addition,
we strictly abide by domestic and foreign data com-
the Company will explore emerging markets through a
pliance requirements to ensure data management
The Audit Department audits the main business processes and high-risk business areas of all depart- diversified market strategy to mitigate the impact of ge-
compliance and reduce legal and operational risks.
Third Line of ments of the Company, covering all risk points of the Company every two years. For any findings in opolitical risks on the business.
Defense the audit, the Audit Department holds the responsible persons accountable, and works with relevant
business departments to develop rectification plans and track their progress.
Internal Control Supervision
The Company has established systems and procedures such as the Risk Management System, External Guarantee Management Sys-
The Company has established a normalized and standardized internal control supervision system, formulating internal audit regula-
tem, and Related Party Transaction Management Measures to clarify management responsibilities, thereby continuously enhancing
tions such as the Audit Management Policy and the Auditor Professional Ethics Management Policy, clarifying the standardized pro-
the level of risk management. We develop an annual risk assessment plan, where the Audit Department collaborates with relevant
cesses for internal audits. This ensures the independence, objectivity, and professionalism of audit supervision work, continuously
business departments to identify high-risk links or weak control points from core business processes, and regularly conducts in-depth
improving the effectiveness of internal control management. During the Reporting Period, the Company continuously optimized the
assessments of key risk items in critical business areas such as product or service development, procurement, manufacturing, sales,
audit classification standards, refined audit acceptance requirements, and further enhanced the efficiency and quality of audit rectifi-
and after-sales service, continuously enhancing risk prevention and control capabilities. At the same time, we integrate compliance
cation. A total of 29 internal audit projects were conducted throughout the year, covering various business modules such as marketing,
culture into the entire business process, providing employees with specialized training on risk and compliance management as need-
business, infrastructure, finance, quality, manufacturing, processes, IT, administration, and business ethics, promptly identifying and
ed based on the Company's operational management requirements, continuously strengthening employees' risk awareness and com-
rectifying weak links in internal control.
pliance concepts.
Internal Audit Process
Risk Management Process
Risk Identification Risk Assessment Risk Response Supervision Reporting
Accurately identify Dedicated personnel Tailor risk responses to Regularly supervise and
internal and external analyze and prioritize the risk analysis results, review the progress
Develop the Define the Conduct the Identify Risk
risks related to the actual the identified risks the risk tolerance and and effectiveness
Audit Plan Scope of Audit Audit Matters
control targets and based on the likelihood the risk-benefit analysis, of risk responses
determine relevant risk of occurrence and the reasonably assess and implemented by each
tolerance, i.e. the level magnitude of the impact accurately understand department, evaluate
of risk that the Company using both qualitative the risk preferences of the effectiveness of
can withstand, including and quantitative senior management risk management, and
the overall risk tolerance approaches following and employees in key summarize the risks and
and the acceptable level standardized procedures, positions, and take responses to form a risk Report, Track and Record the Audit in Prepare Auditor's Develop the Rectification
at the business level. to highlight the areas of appropriate control management report to Supervise the the Management Report Plan
focus and key risks. measures. the Board of Directors. Rectification Progress System
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Business Ethics The Company continuously deepens business ethics management by clarifying behavioral norms, strengthening risk prevention and
control, and enhancing training and communication through multiple measures. We actively create a clean and upright work atmos-
SANY Renewable Energy adheres to the principle of integrity in business operations, strictly following the Company Law of the People's phere, promoting the lawful and compliant development of various businesses.
Republic of China, the Criminal Law of the People's Republic of China, the Supervision Law of the People's Republic of China, and other
laws and regulations. The Company designates the Board of Directors as the highest authority responsible for business ethics governance, Standardize the Code of Conduct and Improve the Self-Assessment Mechanism Deepen Training and Communication,
with the Audit Department coordinating the establishment of a business ethics system. The CEO office assists in the governance system Uphold the Integrity Baseline and Strengthen Risk Control Fostering a Culture of Integrity
for business ethics investigations and training. During the Reporting Period, the Company continued to promote the construction of the
business ethics system and third-party audit work and obtained ISO 37001 Anti-Bribery Management System certification.
The Company adopts a zero-tolerance attitude towards behaviors that violate business ethics, such as corruption, bribery, fraud, money All employees are required to sign a Formulate the Business Ethics Risk Organize multi-level and multi-
laundering, and anti-competitive practices. During the Reporting Period, it revised and improved core systems such as the Business Ethics commitment letter for compliance Self-Assessment Management form integrity education and
Policy, Anti-Corruption and Anti-Bribery Management System, and the Conflict of Interest and Integrity Management System, further clari- with business ethics, clearly System to establish a risk-oriented moral training system learning and
fying the requirements for business ethics norms and detailing the code of conduct for employees, customers, and partners. defining their responsibilities and self-assessment mechanism for examinations to enhance the legal
obligations regarding integrity, business ethics risks, enhancing awareness and moral quality of all
legality, and professional ethics. and standardizing the effectiveness employees. During the Reporting
Business Ethics Regulations The Audit Department serves as of business ethics risk and Period, 14 employee training
the main department responsible related risk control measures, sessions were organized, achieving
for business ethics compliance, ensuring timely identification and a training coverage rate of 100%.
Anti-Corruption Anti-Fraud and Anti-Money Laundering conducting irregular audits of the management of risk items. During
Company's compliance in financial the Reporting Period, the Company
and business activities, promptly conducted business ethics self-
Formulate the Anti-Corruption and Anti-Bribery Actively promote and implement the anti-fraud and
identifying and correcting potential assessment reviews covering 100%
Management Policy, and the Conflict of Interest and anti-money laundering policies, to strictly prohibit
violations. of operational locations, with new
Integrity Policy, to strictly prohibit employees and employees from any form of fraud and money laun-
risky trading partners included in
partners from corruption and bribery, embezzlement, dering, and achieve zero occurrence of fraud and
the anti-corruption and information
abuse of power and other misconducts, and to clarify money laundering through policy instruction, train-
security due diligence process
the scope and content of the Company's anti-corrup- ing and education, audit announcement and other
reaching 100%.
tion audits means.
Anti-Unfair Competition Conflict of Interest The Company severely punishes violations and disciplinary actions, encouraging all employees to participate in business ethics su-
pervision. During the Reporting Period, we updated and improved the Reporting Management System and the Accountability Manage-
Formulate the Anti-Unfair Competition Management Formulate the Conflict of Interest and Integrity Policy, ment System, further enhancing reporting channels and optimizing the whistleblower protection mechanism. We clearly define the
Policy, to prohibit relevant departments of the Com- to specify the regulations for handling incidents relat- full process requirements for receiving, investigating, handling, and providing feedback on reports, appointing a reporting complaint
pany and their employees from conducting confusion ed to conflict of interest, to avoid conflicts between channel management officer responsible for receiving report information and arranging handling work based on priority. The Audit
marketing, misleading marketing, collusive bidding personal interests and the Company's interests, and Department will lead the investigation of any verified reports of violations of business ethics, ensuring 100% verification and handling,
and other ways to seek unfair benefits, and maintain to protect the Company's interests from being im- and ensuring that any verified violations are dealt with seriously according to the Company's Accountability Management System. The
the normal competition order in the market. peded or compromised. Company commits to strictly keeping the whistleblower's information confidential, prohibiting retaliation or unfair treatment against
complainants. Any form of retaliation discovered will be dealt with severely according to laws and regulations, effectively safeguarding
the rights of whistleblowers. During the Reporting Period, the Company received three reports related to business ethics, all of which
were thoroughly investigated by the Audit Department and handled and reported in accordance with regulations.
SANY Renewable Energy 24/7 Business Ethics Reporting Channels
Reporting
jiancha@sany.com.cn
Email
Reporting
Hotline
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Information Security
As digital transformation deepens, information security has become an important guarantee for the stable operation of the Company. The Company places great importance on the protection of privacy information for customers, employees, and various stakeholders,
SANY Renewable Energy strictly follows the Cybersecurity Law of the People's Republic of China, Data Security Law of the People's Re- strictly adhering to the Personal Information Protection Law of the People's Republic of China and the EU's General Data Protection
public of China, and other domestic and international laws and regulations. It has established the Employee Information Security Man- Regulation, as well as other domestic and international privacy and data protection laws and regulations. We have established the
agement System, Information Security Incident Handling and Emergency Management System, and Third-Party Personnel Information Information Security Privacy Policy and other systems, clarifying behavioural norms for scenarios involving the use of Company infor-
Security Management System, among others. By leveraging technology, management, and cultural collaboration, a comprehensive mation resources, information processing and record retention periods, customer privacy handling, emergency incident management,
information security assurance system has been built that covers both internal and external aspects and spans the entire process, and reporting of violations, maximizing the protection of personal information and data security. During the Reporting Period, the
providing solid support for the stable development of digital operations and global business. During the Reporting Period, SANY Re- Company did not experience any incidents of personal information leakage and did not receive any complaints related to violations of
newable Energy continued to conduct information security management system reviews through third-party external organizations, personal privacy.
successfully obtaining ISO 27001 information security management system certification and updating the certification scope, while
also successfully acquiring IEC 62443-4-1 Industrial Control System Security certification.
Data Lifecycle Management
Scenarios where the Company may collect customers' information include data collection during
Security Risk Investigation customers' use of products or services, data collection from related companies or partners upon the
Data consent of customers, and other scenarios. The Company shall obtain consent from customers before
Collection collecting their information, and then collect personal information in a lawful and compliant manner.
The Company designates the Digitalization Department as the supervisory body for information security matters, set-
Any data collection by fraudulent, deceptive or misleading means or from illegal channels is forbidden.
ting information security performance indicators for departments and information security personnel, including the
number of violations, vulnerabilities, and incident handling efficiency, and conducting regular assessments. Internal
information security audits are also conducted periodically. Through the information security operation platform,
information security vulnerability reviews are carried out, and corrective actions and information security enhance-
ments are implemented based on the review results, handling and archiving various information security risk inci- When providing products or services to customers, the Company may need to share customers' infor-
dents. During the Reporting Period, the Company conducted in-depth security testing on over 30 application systems, mation with related companies, authorized partners and cloud service providers for purpose of the
Data Sharing
promptly identifying and addressing more than 130 high-risk vulnerabilities, fixing over 600 security issues on cloud provision of such products or services. Any party sharing the data is prohibited from using customer
hosts, and efficiently handling more than 120 security operation tickets. information for any purpose other than those mentioned above without the customer's consent.
Overseas Compliance Construction Partners are required to sign strict non-disclosure agreements, strictly use the information for the pur-
poses stated in the privacy policy and take relevant confidentiality and security measures. When the
Data
third-party data is no longer used for business purposes, the Company undertakes to retain the rele-
Retention
During the Reporting Period, the Company officially initiated overseas information security work, developing targeted vant data for a period of no longer than 2 years, after which the data will be deleted in a secure manner.
overseas information compliance plans in accordance with the information security laws and regulations of different
countries and regions, standardizing the information processing procedures for overseas business, and ensuring the
security and compliance of overseas business information to support the steady advancement of overseas operations.
Customers' Customers have the right to be informed about, access, correct and delete their own information.
Rights
Awareness Enhancement for All Employees
The Company has established the Information Security Points Management Rules, linking individual employee be- The Company has established complaint and whistleblowing chan-
havior points with information security performance and training participation, thereby strengthening employees' nels for information security incidents, and encourages all stakehold- Email: huojb@sany.com.cn
awareness of information security responsibilities. During the Reporting Period, to continuously enhance the security ers to complain or report to the Company any violation of the infor-
Whistleblowing
awareness of employees and related personnel and improve information security protection capabilities, the Com- mation security and privacy policies. The Company is committed
Channels Hotline: 18910176419
pany organized a series of security training focused on key areas such as new employee onboarding education, man- to strictly keeping the complainant's information confidential and
agement of third-party on-site personnel, and risk prevention in high-risk scenarios. A total of 12 information security prohibits retaliation or unfair treatment against the complainant.
training sessions for new employees were conducted throughout the year; one large-scale centralized training session
was organized, covering 2,919 people, further solidifying employees' foundational knowledge of information security.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Responsible Supply Chain
Number of First-Tier Suppliers by Geographical Region
SANY Renewable Energy is building a transparent, secure, stable, and sustainable supply chain system of high standards. We are push-
ing for the extension of responsible practices throughout the entire chain, contributing to the high-quality development of the industri-
al and supply chains through concrete actions. By the end of the Reporting Period
Jiangsu Province 48
Supply Chain Management
SANY Renewable Energy
had a total of
Shanghai Municipality 33
The Company's Sustainable Procurement Committee is the supreme Criteria of Strategic Supplier 281 Tier-1 suppliers 3
responsible body for supply chain management. The Commercial
Zhejiang Province 25
Department is responsible for the routine management of the supply Signed a valid strategic cooperation
chain. The Company has been improving its supplier management 1 agreement; Beijing Municipality 26
system. During the Reporting Period, we updated the Supplier Man-
agement Policy, further clarifying management requirements for
each stage: supplier development and sourcing, supplier admission Shandong Province 25
Or meet the following conditions:
assessment, supplier performance evaluation, and supplier exit/re-
moval. In addition, we follow the principle of category-based supplier 1) Ranking top 3 in terms of purchase
Other Regions 124
rating to classify our partner suppliers. During the Reporting Period, volume within the category
we continuously optimized classification and grading criteria, forming
lists of strategic suppliers, preferred suppliers and eliminated suppli- rated Grade B or above in the admission
ers, which are managed in a hierarchical manner. By the end of the review
Reporting Period, strategic suppliers accounted for 54.40% of our pro- The Company places high importance on supply chain risk control, enhancing mechanisms and processes for identification, assess-
curement expenditure. ment, and management of supply chain risks and opportunities during the Reporting Period. In addition, in accordance with the Sup-
plier Risk Assessment Measures, we regularly review and identify supplier risk levels and formulate targeted risk control measures or
Supplier Lifecycle Management Processes implementation rules. In supplier evaluation and management, we prioritize strategic suppliers and suppliers with high risk in sustain-
ability, to effectively avoid or reduce supply chain risks. By the end of the Reporting Period, the Company did not identify any suppliers
Supplier Development Supplier Admission with "significant risks".
and Sourcing Assessment
Formulate the Production Supplier Formulate the Supplier Admission Process, define the criteria of
Sourcing Process, and develop qual- qualified suppliers, conduct supplier admission review on their Risk Identification Risk Assessment Risk Management
ified suppliers for review through quality, R&D and innovation ability, sustainability performance
websites, surveys, trade fairs, internal and other factors, and require suppliers to commit to comply Conduct comprehensive For the identified risks, the During the Reporting Period,
referral and other channels. with the Supplier Code of Conduct. During the Reporting Period, risk identification along Company uses a risk matrix the Company identified 18
the Company further strengthened admission control, requiring the supply chain from method to scientifically supply chain-related risks
suppliers to complete the SANY Renewable Energy Supplier multiple dimensions such evaluate and assess and 4 supply chain-related
Corporate Social Responsibility Self-Assessment Questionnaire as supply type, region, and risks based on two core opportunities, and for
at onboarding, clarifying 10 red-line criteria. industry. Focus on potential dimensions: the probability each risk and opportunity,
risks including policy and of occurrence and the degree we developed practical
regulatory changes, natural of impact; for the identified management strategies and
Supplier Elimination Supplier Performance disasters and climate change, opportunities, the Company response measures based on
and Delisting Evaluation raw material prices, carbon evaluates them from the their importance levels.
emission requirements, dimensions of feasibility and
Formulate the Supplier Exit Process The Company implements the Supplier Performance Evalua-
technical compliance, potential benefits.
and establish the supplier elimination tion and Rectification Process, setting performance evaluation
supply chain stability of
rules. The supplier exit process is standards concerning supplier quality, delivery, cost, service
core components, and
initiated when the supplier has prob- and other aspects. The supplier performance evaluation results
environmental protection
lems on qualification, legal disputes, are regularly released and provide targeted support plans for
requirements.
environmental compliance, business underperformers. During the Reporting Period, the Company
ethics, poor performance or others. optimized the supplier evaluation process. For high-risk sup-
pliers, the Company conducted due diligence based on the
Sustainability Due Diligence Review Form, and incorporated
the investigation results into supplier performance evaluation
considerations. A total of 236 suppliers underwent performance
evaluation throughout the year. 3
Tire 1 suppliers refer specifically to material (production) suppliers. Considering the relatively lower risk levels and limited operational materiality of
service suppliers, this report focuses on disclosing management measures and performance pertaining to material (production) suppliers.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Sustainable Supply Chain Supply Chain Sustainability Empowerment
SANY Renewable Energy has deeply integrated sustainability concepts into the end-to-end supply chain management process. As the
first enterprise in the wind power industry to obtain an ISO 20400 Sustainable Procurement Statement of Conformity, the Company has
been proceeding continuously with its 2030 sustainable procurement goals and action plan. We have been working towards a green, The Company prioritizes cooperation with suppliers with excellent sustainability
fair, and responsible sustainable supply chain, and promoting synergistic sustainable development up and down the supply chain. performance. For suppliers with different sustainability levels, we implement positive
We advocate for suppliers to jointly practice human rights protection responsibilities with the Company, respect the legitimate rights incentives including price incentives, order incentives and goodwill incentives, as well
and interests of workers, and commit to preventing any form of human rights violations. During the Reporting Period, we optimized as negative incentives such as elimination, to encourage suppliers to continuously
the Supplier Code of Conduct, focusing on improving management requirements related to forced labor, child labor, and significant Sustainability improve their sustainability capabilities.
employee injuries, clarifying suppliers' responsibilities and obligations in human rights protection, labor employment, and occupa- Incentives
tional health, and safeguarding the human rights of laborers in the supply chain. Additionally, we specified management requirements
regarding labor and human rights, environment and climate, business ethics, intellectual property, and information security in the
procurement framework agreement, requiring all suppliers to strictly comply. By the end of the Reporting Period , 100% of production
(material) suppliers had contracts that included clauses on environmental, labor, and human rights requirements. Furthermore, the Set a target - to provide at least one session of specialized sustainability training for
Company maintains a "zero tolerance" attitude towards serious violations in the supply chain that violate laws and regulations, harm suppliers and one for procurement personnel annually, ensuring a participation rate
human rights, damage the environment, and breach business integrity. For suppliers that violate the circumstances listed in the Sup- of no less than 90%. Strengthen collaborative exchanges with suppliers through var-
plier Code of Conduct, the Company will take punitive measures, including termination of cooperation and blacklisting, depending on ious means such as specialized training, regular communication, and on-site visits,
the severity of the situation, and serious cases will be referred to judicial authorities. helping suppliers improve their sustainability management levels and practical ca-
pabilities. During the Reporting Period, the Company entrusted a third-party profes-
Joint Development
Supply Chain ESG Risk Prevention and Control sional organization to deliver specialized ESG training for core suppliers. Furthermore,
of Sustainability we organized a series of ESG and sustainable procurement training sessions for all
The Company has established a comprehensive supplier ESG risk assessment system. Through systematic surveys, specialized assess- Management Capability procurement personnel to enhance their sustainable procurement awareness and
ments, and due diligence, we comprehensively identify potential sustainability risks of suppliers, achieving refined control over suppli-
professional capabilities.
er ESG risks. During the Reporting Period, the Company optimized the supplier corporate social responsibility (CSR) assessment mech-
anism and process. By refining evaluation criteria and requirements, we embedded sustainability requirements into supplier lifecycle
management.
Supplier Diversity
Supplier ESG Risk Assessment
SANY Renewable Energy expands di- Supplier Diversity Target
Formulate the Management Measures for Sustainable Procurement Risks and Opportunities. Using the Supplier Sustainability Risk verse supplier resources, looking for co-
Sustainability
Assessment Survey Form, we conduct a systematic sustainability risk survey annually for all suppliers and implement targeted
Risk Survey operation with diverse suppliers such as By 2030
management measures based on the supplier's sustainability risk level.
businesses owned by racial or ethnic mi-
During the supplier admission stage, all production suppliers and key non-production suppliers (e.g., for equipment and infrastruc- norities, women or veterans, and social
ture) are required to complete a self-assessment using the "Supplier CSR and Sustainability Self-Assessment Questionnaire" (referred businesses. By the end of the Reporting
to as SAQ). The assessment score serves as a reference for admission decisions.
Period, we had partnered with a total of Increase the proportion of local and diverse suppliers to15%
Formulate a review plan based on the annual supplier sustainability risk survey results and conducts supplier social responsibility risk 11 businesses owned by women, veter-
analysis.
ans, racial or ethnic minorities or people
Sustainability risk level Review plan and management requirements with disabilities.
CSR Low-risk suppliers Sign the "Supplier Code of Conduct/Procurement Framework Agreement"
Assessment Sign the "Supplier Code of Conduct/Procurement Framework Agreement"
Medium-risk suppliers
Complete a self-assessment via the "Sustainability Due Diligence Review Form"
Management of Conflict Minerals
Sign the "Supplier Code of Conduct/Procurement Framework Agreement"
High-risk suppliers
Complete an on-site audit via the "Sustainability Due Diligence Review Form" SANY Renewable Energy embraces responsible procurement - we commit not to procure products containing conflict minerals and
require our suppliers to comply with the same requirement. By doing so, we are pushing for fairness and compliance throughout the
During the Reporting Period, 97% of suppliers, calculated based on procurement expenditure, were covered in the CSR assessment
mineral supply chain, thereby doing our bit to maintaining peace and stability in relevant regions. The Company has formulated the
(including self-assessment questionnaire and on-site audit), and 45%4 went through on-site CSR audit. All the suppliers that were
assessed as unqualified rectified the problems within the specified time to meet the sustainability management requirements. Sustainable Procurement Policy, stipulating that all the products of the Company and our suppliers should be free of the minerals
that are used to directly or indirectly finance conflicts between countries or that originate from conflict-affected or high-risk areas. The
The Company conducts ESG due diligence on suppliers from five core dimensions - labor rights, occupational health and safety, Company has incorporated the requirements for conflict minerals into the Supplier Code of Conduct, requiring all suppliers along the
ESG Due environmental compliance, business ethics, and management systems - by means of questionnaire surveys and document reviews. supply chain to implement compliant sourcing in line with the OECD Due Diligence Guidance for Responsible Supply Chains of Miner-
Diligence During the Reporting Period, the Company conducted specialized ESG due diligence on 53 on medium- to high-risk suppliers, and als from Conflict-Affected and High-Risk Areas.
urged those suppliers to implement corrective actions against any identified issues within specified deadlines.
We are committed to developing a conflict minerals traceability management system. We conduct conflict minerals due diligence by
adopting the Supplier CSR Self-Assessment Questionnaire and the Conflict Minerals Reporting Template (CMRT). We carry out respon-
Supplier sible minerals management in four procedures: supplier screening for all product categories, awareness campaigns for all suppliers,
The Company has established a supplier complaint mechanism, creating channels to collect questions, complaints, and sugges-
Complaint
tions from stakeholders, and promptly formulating and implementing corrective measures. source investigation and on-site audit. We require suppliers whose products contain 3TG to sign the Letter of Commitment to Respon-
Mechanism
sible Minerals and to ensure that the Company is not involved in the use of conflict minerals.
In 2025, due to the optimization of the supplier corporate social responsibility (CSR) assessment mechanism and processes, which led to adjustments in
evaluation criteria and requirements, the proportion of suppliers that underwent on-site CSR reviews decreased compared to 2024.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Key Performance
Environmental Performance5
Environmental Performance
Indicators Unit 2023 2024 2025
Indicators Unit 2023 2024 2025
Greenhouse Gas Emission Performance6
- Total Amount of Hazardous Waste Entrusted to Third
Scope 1 Emissions7 Tonnes of CO2 Equivalent 21,489 12,942 17,574 Tonnes / 1,622.23 2,961.43
Parties for Disposal
Scope 2 Emissions8 - Market-Based Tonnes of CO2 Equivalent 44,109 115,651 175,515
Total Amount of Non-Hazardous Waste Tonnes 18,250.96 27,953.66 31,804.11
Scope 2 Emissions - Location-Based Tonnes of CO2 Equivalent 46,279 113,755 158,093
- Total Amount of Disposed by Third-Party Recycling Tonnes / 27,953.66* 31,804.11
Energy Consumption Performance
Packaging Materials Performance9
Total Energy Consumption MWh 168,394.77 272,520.03 * 355,590.00 Total Amount of Packaging Materials Recycled by
Tonnes / / 13,018.57
Total Direct Energy Consumption MWh 87,215.68 48,695.52* 46,212.53 Third Parties
- Renewable Energy Consumption (Solar and Wind
MWh 12,942.10 9,946.51* 13,239.47
Power from Own Sites)
Social Performance
- Total Non-Renewable Energy Consumption MWh 74,273.58 38,749.01 32,973.06
Total Indirect Energy Consumption MWh 81,179.08 223,824.51* 309,377.47 Indicators Unit 2023 2024 2025
- Purchased Electricity MWh 81,076.39 178,770.64 264,323.55 Workforce10
- Purchased Green Electricity MWh 3,804.58 11,721.10 33,575.94 Total Number of Employees Person 5,721 6,330 7,463
Water Consumption and Wastewater Discharge Performance Number of Male Employees Person 5,181 5,750 6,815
Number of Employees
Total Water Withdrawal m? 504,252.32 596,896.90* 878,597.73 by Gender Number of Female Employees Person 540 580 648
- From Municipal Water Supply y m? / 595,846.90* 878,339.73
Total Number of Employees Aged
Person 2,403 2,471 2,849
- Other Sources m? / 1,050.00 258.00 30 and below
Total Wastewater Discharge m? 297,156.52 348,492.02 474,748.92 Number of Employees Total Number of Employees Aged
Person 3,235 3,789 4,547
Categorized by Age 30 to 50
Emission Performance
Total Number of Employees Aged
Sulfur Dioxide Emissions Tonnes 0.20 0.25 0.11 Person 83 70 67
Nitrogen Oxides Emissions Tonnes 0.51 0.31 3.53
Senior Management Person 54 71 79
Number of Employees
Particulate Matter Generation Tonnes 36.11 62.00 56.16
Categorized by Job Middle Management Person 893 1,053 1,083
VOC Emissions Tonnes 1.25* 10.15* 13.47 Level
Junior Staff Person 4,774 5,206 6,301
Waste Performance
Number of Employees China Person / 5,571 7,276
Total Amount of Hazardous Waste Tonnes 1,171.15 1,622.23 2,961.43
by Region Other Countries and Regions Person / 759 187
Chinese (including Hong Kong,
In 2025, the Company has recalibrated statistical standards, updating historical data on energy consumption, water resource usage, VOC emissions, and
Person / 6,253 7,349
Macao and Taiwan)
non-hazardous waste discharge. All updated data is marked with "*".
The Company's 2025 greenhouse gas emission data is currently being verified by a third-party institution, and the final data shall be subject to the Number of Employees Indian Person / 39 38
third-party verification results. by Nationality
For Scope 1 greenhouse gas emissions, the accounting standards and methods are based on the Greenhouse Gas Protocol: A Corporate Accounting and German Person / 11 7
Reporting Standard. The calculation formula is: Emissions = Activity Data ¡Á Emission Factor (where emission factors and parameters are sourced from the
For Scope 2 greenhouse gas emissions, the accounting standards and methods are based on the Greenhouse Gas Protocol: A Corporate Accounting and
Reporting Standard. The calculation formula is: Emissions = Activity Data ¡Á Emission Factor (where emission factors and parameters are sourced from the
In 2025, the Company optimized and adjusted the statistical boundary for packaging material usage. Therefore, the 2024 data will no longer be presented
(Special Topic on Urban Energy Systems), Greenhouse Gas Emission Accounting Methods and Reporting Guidelines for Enterprises in Other Industrial
separately under the original scope.
Sectors (Trial) 2015 Edition, etc.). 10
Data related to employee performance includes regular employees and dispatched workers.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Social Performance Social Performance
Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Newly Recruited Employees Number of Forced Labor Incidents Case 0 0 0
Total number of new employees Person 2,346 2,380 3,242 Number of Harassment Incidents Case 0 0 0
Percentage of internal recruitment 11
% / 14.30 20.00 Number of Discrimination Incidents Case 0 0 0
Number of Number of Male Employees Person 2,124 2,168 3,004 Percentage of Workplaces Reviewed for Human Rights Risks or Assessed for
% 100 100 100
Employees by Gender Human Rights Impact
Number of Female Employees Person 222 212 238
Formal Employee Labor Contract Signing Rate % 100 100 100
Total Number of Employees Aged 30 and below Person 1,224 1,075 1,557
Number of
Formal Employee Social Insurance Coverage Rate % 100 100 100
Employees Total Number of Employees Aged 30 to 50 Person 1,109 1,293 1,683
Categorized by Age Employee Satisfaction Survey Score Point / 84.7/100 81.1/100
Total Number of Employees Aged 50 and above Person 13 12 2
Percentage of Employees Who are "Very Engaged/Satisfied" % / 73.65 73.90
Number of China Person 2,270 2,103 3,167
Employees by Region Percentage of Employees Covered by Formally Elected Employee Representa-
Other Countries and Regions Person 76 277 75 % / 100 100
tives or Collective Agreements
Employee Turnover Rate 12
Employee Training13
Total Turnover Rate % 27.27 25.62 37.83
Training Coverage % 100 100 88.2
Voluntary Turnover Rate % / 23.82 35.75
Training Hours Hour 600,191 826,552 253,353
Employee Turnover Male % 24.70 26.09 38.06
Training Investment RMB 10,000 245.20 410.55 900.10
Rate by Gender Female % 2.57 20.55 35.33
Average Training Hours of Average Training Hours for Male Employees Hour 104.8 83.6 38.8
Employees by Gender Average Training Hours for Female Employees Hour 106.0 86.7 35.2
Employee Turnover China % 27.25 27.96 38.33
Rate by Region Average Training Hours for Senior Management Hour 102.1 94.4 74.0
Other Countries and Regions % 0.02 2.32 9.22 Average Training Hours of
Average Training Hours for Middle Management Hour 103.2 93.2 56.3
Employees by Position
Workforce Diversity
Average Training Hours for Junior staff Hour 105.3 82.4 36.8
Number of Employees with Disabilities Hired Person 46 58 81
Percentage of Employees Receiving Skill Training % / 100 100
Percentage of Female Employees in Senior Management % 1.85 4.23 5.06
Occupational Health and Safety
Percentage of Female Employees in Management % / 1.42 8.95
Incidents
Percentage of Female Managers in Revenue Generating Departments % / 10.47 7.06 Lost time injury frequency rate (LTIFR) per million / 0.31 0.26
working hours
Percentage of Female Employees in STEM Departments % / 13.94 5.66
Percentage of Minority Groups and/or Disadvantaged Groups Senior Managers % / 11.27 10.13 Number of Work-Related Injuries Time 3 4 4
Employee Performance and Compensation Number of Days Lost due to Injuries Day 414.0 334.5 282.0
Unadjusted Average Gender Pay Gap (Percentage of Average Total Hourly Number of Work-Related Fatalities Person 0 0 0
% 94.41 101.47 104.84
Wage of Female Employees to Average Total Hourly Wage of Male Employees)
New Cases of Occupational Diseases Case 0 0 0
Percentage Of Employees Receiving Regular Performance and Career Devel-
% / 100 100
opment Reviews Percentage of Workplaces Assessed for Employee Health and Safety Risk % 100 100 100
Percentage of the Annual Total Remuneration of the Highest Paid Person to Percentage of Production and Operation Sites that have Obtained ISO 45001
% / 6,198 3,987 % 100 100 100
the Median Remuneration of Other Employees Certification
Labor Management and Rights Charity and Public Welfare
Number of Child Labor Incidents Case 0 0 0 Total Amount of Charitable Donations RMB 10,000 6.0 32.8 61.0
Internal Recruitment Position Ratio = (Number of Positions Filled via Internal Competition / Total Positions Posted in the Year) ¡Á 100% In 2025, the Company optimized the statistical methodology for employee training-related data, and excluded data of separated employees from the
Employee Turnover Rate = (Number of Employees Who Left / (Number of Employees Who Left + Number of Employees at Year-End)) ¡Á 100% calculation scope. As a result, the employee training coverage rate and average training hours recorded a decline compared with the 2024 figures.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Governance and Economic Performance Governance and Economic Performance
Indicators Unit 2023 2024 2025 Indicators Unit 2023 2024 2025
Operating Performance Percentage of Purchasers Who Have Undergone Sustainable Procure-
% 100 100 100
ment Training
Total Assets RMB hundred million 333.76 414.03 453.72
Percentage of Suppliers Who Have Undergone Sustainable Procurement
Operating Revenue RMB hundred million 149.39 177.92 273.80 % / 100 68
Training (Calculated Based on Procurement Expenditure)
Net Profit Attributable to the Parent Company RMB hundred million 20.07 18.12 7.12
Percentage of Suppliers Who Have Obtained Information on Conflict
% / 86 96
Innovation Research and Development Minerals (Calculated Based on Procurement Expenditure)
R&D Investment RMB hundred million 8.72 7.77 8.07 Proportion of Suppliers Certified with ISO 9001 % / 100 92
Percentage of R&D Investment to Operating Revenue % 5.83 4.37 2.95 Product Responsibility
Number of R&D Personnel Person 853 752 835
Number of Customer Complaints Items 49 362 491
Percentage of R&D Personnel % 14.91 11.88 11.19
Customer Complaint Handling Rate % 100.00 99.70 93.27
Total Number of Patents Obtained Items 796 905 1,013
Number of Product Recall Events Due to Quality Issues Case 0 0 0
Number of Innovation Patents Items 207 240 286
Customer Satisfaction (Percentage Basis) Points 95.70 96.70 93.80
Number of Utility Model Patents Items 584 655 716
Number of Design Patents Items 5 10 11 Business Ethics
Number of Software Copyrights Items 215 295 343 Percentage of Employees Who Have Received Training in Business Ethics % 22.40 100.00 100.00
Supply Chain14 Number of Complaints Received and Filed Case 6 3 3
Number of Tier 1 Suppliers # 255 248 281
Percentage of Operational Sites that Have Undergone Internal Audits/
% 100 100 100
- Number of Key Suppliers 15
# / 121 19 Risk Assessments for Business Ethics Issues
- Number of Diversified Suppliers # / 25 11 Number of Lawsuits or Significant Administrative Penalties Resulting
Case / 0 0
Percentage of Procurement Amount from Key Suppliers % / 67.10 54.40 from the Company's Unfair Competition Practices
Percentage of Suppliers that Have Undergone CSR Assessment (Including Monetary Amount Involved in Lawsuits or Significant Administrative Pen-
RMB / 0 0
Self-Assessment Questionnaire and On-Site Audit) Based on Procure- % / 80 97 alties Resulting from the Company's Unfair Competition Practices
ment Expenditure
Percentage of Newly Identified Risky Trading Partners Covered by the
Percentage of Suppliers that Have Undergone On-Site CSR Audit Based % / 100 100
% / 78 45 Due Diligence Process for Corruption and Information Security
on Procurement Expenditure16
Number of Suppliers Eliminated for Failing CSR Assessment # / 0 0 Corporate Governance
Percentage of Suppliers that Have Signed the Supplier Code of Conduct % 92.00 98.80 100.00 Number of Board Members Person 7 9 8
Percentage of Suppliers Who Have Signed the Procurement Framework
% / 98.80 100.00
Agreement (Including Business Ethics Requirements) Number of Independent Directors Person 3 3 3
Percentage of Suppliers Who Have Signed Contracts Containing Clauses
% / 98.80 100.00 Number of Female Directors Person 1 1 1
on Environmental, Labor, And Human Rights Requirements
Supply Chain Performance Data: Only covers production (material) suppliers.
In 2025, due to adjustments to the classification standards and definitions of strategic suppliers (see Section 5.3.1 Supply Chain Management for details),
the relevant figures decreased compared to 2024.
In 2025, due to the optimization of the supplier corporate social responsibility (CSR) assessment mechanism and processes, which led to adjustments in
evaluation criteria and requirements, the proportion of suppliers that underwent on-site CSR reviews decreased compared to 2024.
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Index of Indicators GRI Standards Index
Guidelines No. 14 of Shanghai Stock Exchange for Self-Regulation of Listed Companies¡ª Instructions for Use : SANY Renewable Energy reported the information referenced in this GRI content index according to GRI stand-
Sustainability Report (Trial) ards from January 1, 2025, to December 31, 2025.
GRI Used: GRI 1 Foundations 2021
Page
Dimension Topic Requirements Corresponding Important Topics Corresponding Sections DisclosureIssue/ Page
Number Disclosure Item Chapter Index
Items Number
Climate Change Response Climate Change Response P37-41
Climate Change Tackling GRI 2: General Disclosures
Clean Technology Opportunities Key Performance P79
Pollutant Discharge Environmental Compliance Management P43-44
Emissions and Waste Management 2-1 Organization details About SANY Renewable Energy P05
Waste Disposal Key Performance P79-80
Ecosystem and Biodiversity 2-2 Entities included in the organization's sustainability reporting About This Report P01-02
Biodiversity Protection Biodiversity Protection P47-48
Protection
Environment Environmental Compliance Environmental Compliance Management P42-43
Environmental Compliance Management
Management Key Performance P79
Efficient Resource Utilization P45-46
Energy Usage Energy Management
Key Performance P79-80
About SANY Renewable Energy P05
Efficient Resource Utilization P46 2-6 Activities, value chain, and other business relationships
Usage of Water Resources Water Resource Management Responsible Supply Chain P75-78
Key Performance P79
Circular Economy Product Life Cycle Management Sustainable Product Development P24 Protecting Employee Rights P51
Rural Revitalization Support for Community Co-construction P63-64 Key Performance P80-81
Public Welfare and Community Participation
Contributions to the Society Key Performance P82
Sustainable Product Development P23-27
Innovation-Driven Research and Development Innovation
Key Performance P83
The Company's main business does not
Ethics of Science and
involve fields such as life sciences and artificial / /
Technology 2-11 Chair of the highest governing body Efficient Corporate Governance P67
intelligence.
Supply Chain Security Sustainable Supply Chain Responsible Supply Chain P77-78
The Company does not have any instances Role of the highest governance body in overseeing the
of publicly disclosing overdue payments management of impacts
owed to small and medium enterprises
through the national enterprise credit
information public system. 2-13 Delegation of responsibility for managing impacts Efficient Corporate Governance P67
Equal Treatment to
The Company's accounts payable
Small and Medium-Sized Sustainable Supply Chain /
Society (including notes payable) at the end of the 2-14 Role of the highest governance body in sustainability reporting Sustainable Development Governance P13
Enterprises
Reporting Period did not exceed 30 billion
yuan, and the proportion of total assets did 2-15 Conflict of interest Robust and Compliant Operations P69-72
not exceed 50%. For details, please refer to
the "SANY Renewable Energy Co., Ltd. 2025
Annual Report". Sustainable Development Governance P13
Safety and Quality of Lean Quality Management P28-30
Product and Service Safety and Quality Efficient Corporate Governance P67-68
Products and Services Key Performance P84
Data Security and Customer
Data Security and Privacy Protection Robust and Compliant Operations P73-74 Sustainable Development Governance P13
Privacy Protection 2-17 Collective knowledge of the highest governance body
Efficient Corporate Governance P67
Equality and Diversity Protecting Employee Rights P51-54
Labor Rights and Human Rights Protection Empowering Employee Development P55-58 2-19 Remuneration policies Protecting Employee Rights P54
Employees
Human Capital Development Occupational Health and Safety P59-62
Occupational Health and Safety Key Performance P80-82
Due Diligence Robust and Compliant Operations P69-72
Communications with Sustainable Governance
Sustainability- Stakeholder Engagement P14 2-22 Statement on sustainable development strategy Sustainable Development Vision P11
Stakeholders
related Sustainable Development Vision P11
Anti-Commercial Bribery
governance 2-23 Policy commitments Climate Change Response P37
and Anti-Corruption Business Ethics Robust and Compliant Operations P71-72
Anti-Unfair Competition Robust and Compliant Operations P69-74
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
DisclosureIssue/ Page DisclosureIssue/ Page
Disclosure Item Chapter Index Disclosure Item Chapter Index
Items Number Items Number
Sustainable Development Vision P11-13 GRI 205 Anti-corruption
Robust and Compliant Operations P69-72 205-1 Operations assessed for risks related to corruption Robust and Compliant Operations P71-72
and procedures
Efficient Corporate Governance P67-68
Robust and Compliant Operations P69-72
GRI 206 Anti-competitive behavior
Legal actions for anti-competitive behavior, anti-trust, and mo-
GRI 3: Material Topics GRI 302 Energy
GRI 101 Biodiversity GRI 303 Water Resources and Effluents
Key Performance P79
GRI 201 Economic Performance
Environmental Compliance Management P46
Key Performance P79
Financial implications and other risks and opportunities due
to climate change
Climate Change Response P41
Key Performance P79
Climate Change Response P41
GRI 202 Market Performance Key Performance P79
Ratios of standard entry level wage by gender compared to 305-5 Reduction of GHG emissions Climate Change Response P46
local minimum wage
Nitrogen oxides (NOx), sulfur oxides (SOx), and other signifi-
GRI 203 Indirect Economic Impacts cant air emissions
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
DisclosureIssue/ Page DisclosureIssue/ Page
Disclosure Item Chapter Index Disclosure Item Chapter Index
Items Number Items Number
Percentage of employees receiving regular performance and
career development reviews
Efficient Corporate Governance P67
GRI 406 Anti-Discrimination
GRI 308 Supplier Environmental Assessment
GRI 408 Child Labor
Operations and suppliers at significant risk for incidents of child Protecting Employee Rights P52
Negative environmental impacts in the supply chain and ac- 408-1
tions taken
GRI 409 Forced or Compulsory Labor
GRI 401 Employment
Operations and suppliers at significant risk for incidents of Protecting Employee Rights P52
forced Responsible Supply Chain P77
Benefits provided to full-time employees that are not provided or compulsory labor
to temporary or part-time employees
Not applicable, operational activities do not
GRI 403 Occupational Health and Safety 411-1 Incidents of violations involving rights of indigenous peoples involve violations of Indigenous Peoples' /
rights
Hazard identification, risk assessment, and incident investiga- GRI 413 Local Communities
tion
Operations with local community engagement, impact assess-
Worker participation, consultation, and communication on Operations with significant actual and potential negative im-
occupational health and safety pacts on local communities
Prevention and mitigation of occupational health and safety
impacts directly linked by business relationships 414-2 Negative social impacts in the supply chain and actions taken Responsible Supply Chain P77
Workers covered by an occupational health and safety man- GRI 415 Public Policy
agement system
Occupational Health and Safety P59
Key Performance P82
Occupational Health and Safety P59
Key Performance P82
Incidents of non-compliance concerning marketing communica-
tions
GRI 404 Training and Education
Programs for upgrading employee skills and transition assis- Substantiated complaints concerning breaches of customer pri-
tance programs vacy and losses of customer data
Sustainable Development Forging Ahead with Innovation, Green, Low-Carbon, and People-Oriented, Uniting Upholding Integrity
Overview Appendix
Management Succeeding with Quality Eco-Friendly for Progress and Principles
Independent Third-Party Assurance Report
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