Oveiew
The "Sustainability Repo 2023 of Xianhe Co., Ltd." (hereinafter referred to as the "Repo") is the sustainabilityrepo released by Xianhe Co., Ltd. for the third consecutive year. The Repo is also Xianhe's fth non-nancialinformation report, aiming to systematically describe the principles, concepts, management approaches, andpeormance outcomes that Xianhe adheres to in terms of sustainable development.
Repo Scope
The scope of the Report is consistent with that of the Company's annual report, covering Xianhe and itssubsidiaries within the consolidated range. The Report is an annual report, covering the period from January1, 2023, to December 31, 2023. Some contents of the Repo are beyond the mentioned timeframe and will beexplained in the relevant sections.
Data DescriptionThe data, management mechanisms and cases referred to in the Repo are derived from the original records ornancial repos of the Company's actual operations. The nancial data in the Repo is stated in Chinese Yuan (RMB).If the nancial data in the Repo is inconsistent with that of the Company's annual nancial repo, the annualnancial repo shall prevail.
Basis for PreparationThe Repo is compiled based on the "Guidelines No. 1 of the Shanghai Stock Exchange for Self-regulation of ListedCompanies - Standard Operation", with guidance from the "Global Repoing Initiative (GRI) Standards" issued bythe Global Sustainability Standards Board (GSSB), the Containers & Packaging Sustainability Accounting Standardand Pulp & Paper Products Sustainability Accounting Standard released by the Sustainability Accounting StandardsBoard (SASB), as well as the IFRS? Sustainability Disclosure Standards published by the International SustainabilityStandards Board (ISSB). Additionally, the Repo quotes some recommendations from ISO 26000:2010 Guidanceon Social Responsibility, a set of guidelines on social responsibility released by the International Organization forStandardization (ISO).Commitment to ReliabilityXianhe Co., Ltd. (Xianhe) hereby promises that the contents of the Report do not contain any false records,misleading statements, or signicant omissions. The Board of Directors of Xianhe assumes individual and jointresponsibility for the truthfulness, accuracy, and completeness of its contents.Access to the RepoThe Repo is published in both printed and electronic versions. The printed version is available in the SecuritiesDepament of the Company. The electronic version is available on the Company's ocial website (http://www.xianhepaper.com) and the website of the Shanghai Stock Exchange (http://www.sse.com.cn) .Contact Information
We encourage all stakeholders to provide suggestions or opinions on our sustainable development and socialresponsibility management. For any related matters, please contact zqb@xianhepaper.com.
Description of NamesXianhe Co., Ltd.Xianhe, Xianhe Corporation, The Company, our company, weZhejiang Zhefeng New Materials Co., Ltd.Zhefeng New MaterialsZhejiang Zhefeng New Materials Co., Ltd.Hefeng New MaterialsZhejiang Tangfeng Special Papers Co., Ltd.Zhejiang TangfengHenan Xianhe Special Pulp and Paper Co., Ltd.Henan XianheZhejiang Zhefeng Energy Development Co., Ltd.Zhejiang ZhefengZhejiang Xianhe New Energy Co., Ltd.Xianhe New EnergyGuangxi Xianhe Energy Development Co., Ltd.Guangxi Xianhe EnergyHubei Xianhe Thermal Energy Co., Ltd.Hubei Xianhe EnergyZhejiang Xianlu New Materials Co., Ltd.Xianlu New MaterialsZhejiang Korai New Materials Co., Ltd.Korai New MaterialsKingdecor (Zhejiang) Co., Ltd.Kingdecor
About the Repo
About the RepoMessage from the Chairman0105
Table of Key PeormanceIndex of IndicatorsFeedback Form818790
About Us
SustainableDevelopment Management
Environment:
Green Development andLow-carbon Transformation
Product:
Quality First &Win-Win Cooperation
Panership:
People-oriented,Sharing of Results
Governance:
Pragmatic ImplementationLays A Solid Foundation071521395369
Company ProleCorporate CultureChronicle of Events in 20232023 Highlights Peormance
Strategy for Sustainable DevelopmentSustainable Development CooperationFrameworkCommunication with StakeholdersAnalysis of Material topics
Environment ManagementTackling Climate ChangeWater Resource ManagementPollution PreventionBiodiversity Protection
Product Development and InnovationProduct Quality ManagementConstruction of A Sustainable SupplyChainSuppoing Indust Development
Employee Benets and WelfareEmployee Growth and DevelopmentEmployee Health and SafetyPublic Welfare and Philanthropy
Corporate GovernanceCompliance OperationBusiness EthicsRisk Management
Contents
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About UsSustainable Development ManagementEnvironmentProductPanershipGovernanceTable of Key PeormanceIndex of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
Chairman of Xianhe Co., Ltd.
Wang Minliang
Message from the ChairmanIn 2023, a year full of challenges and opportunities, Xianhe continued to move forward steadily amidst global economic fluctuations.Guided by the philosophy of sustainability, we have integrated ecient production and social responsibility to create a better future. In theface of changes, we demonstrate corporate responsibility and adhere to the path of high-quality development, making contributions tothe construction of a modern and strong nation.Adhering to the innovative concept of "self-designed and collaborative development," we continuously promote the development of thespecial paper indust through innovation. We have seized the development oppounities of "replacing plastic with paper", accelerated theresearch and development as well as construction of paper-based materials, and maintained our long-term competitiveness. By providingcomprehensive research and development, production, and technical seices, we have won clients' trust with excellent products and high-quality seices. Through precision management, we join hands with paners to build a sustainable supply chain, suppoing the "Made inChina 2025" initiative.Adhering to the environmental protection concept of "Green China, Clean Facto," we have promoted the green transformation throughsystematic management and environmental protection measures. Besides, we have improved our environmental protection and resourcemanagement system, optimized pollution control procedures, and continuously improve the performance of corporate environmentalgovernance. We have implemented a strict carbon emission management system, constantly promoted carbon inventory and carbonfootprint measurement, and advanced comprehensive quantitative management of carbon emissions. Additionally, we actively developand utilize new energy and continuously expand the layout of distributed photovoltaic power generation. We have taken the lead inimplementing energy storage projects and constructed the largest single user-side energy storage station in the indust, giving full playto the ecacy of energy storage in energy conseation and carbon reduction. Besides, we have vigorously promoted energy managementmeasures and energy efficiency improvement projects, developed carbon sink projects and low-carbon products to address climatechange comprehensively, and contributed to realizing the "dual-carbon" goals (China's pledge to peak its carbon dioxide emissions before2030 and achieve carbon neutrality before 2060).Following the values of "people-oriented, family-oriented, harmony-oriented, and morality-rst", Xianhe promotes the common growthof employees and society with a "Family-oriented Culture" as the core. We have established a comprehensive labor management systemand safety management system and organized diverse welfare activities for employees to ensure their legitimate rights and interests aswell as their physical and mental health. By implementing a scientic promotion mechanism, and providing personalized guidance andresource suppo, we aim to create wide-ranging career development oppounities for employees and achieve mutual growth for both theCompany and individuals. Meanwhile, we actively assume social responsibility frequently paicipate in donations, rural revitalization, andother social welfare activities, and devote ourselves to promoting the coordinated development of businesses and communities.Adhering to the responsibility strategy of "upholding sustainable development and becoming a global indust leader in high-peormancepaper-based functional materials," we have promoted steady operation through scientic governance. By establishing a sound governancestructure, improving the compliance management system, and promoting a corporate culture featured with integrity, we aim to strengthenthe foundation of governance and ensure the long-term healthy development of the Company. We have established the ESG Committeeto continuously assess sustainable development risks and oppounities and integrate the philosophy of sustainable development into ourcorporate strategy, contributing to global sustainable development.We firmly believe that perseverance will eventually lead to success. Looking forward to the future, we will continue to integrate thephilosophy of sustainable development into the code of action, give full play to our resources and innovation strength, and explore thefuture path with all paners. In the new journey, we will constantly challenge ourselves, set new records, and contribute our wisdom andstrength to the progress of China and even the world.
Message from the Chairman
About Us
Sustainable Development ManagementEnvironmentProductPanershipGovernanceTable of Key PeormanceIndex of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
About Us
Company Prole
Corporate Culture
Chronicle of Events in 2023
2023 Highlights Peormance
Contents
Message from the Chairman
About Us
Sustainable Development ManagementEnvironmentProductPanershipGovernanceTable of Key PeormanceIndex of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
As a large-scale domestic company engaged in research and production, Xianhe Co., Ltd. (abbreviated as"Xianhe") specializes in high-peormance paper-based functional materials. Its main business involves theresearch, development, production, and sale of high-peormance paper-based functional materials andthe relevant pulp raw materials and chemical raw materials. The paper-based functional materials producedby Xianhe are mainly divided into six series, with more than 60 varieties. Specically, it includes a series offood and medical packaging materials, a series of tobacco indust accessories materials, a series of homedecoration materials (including products from the joint venture company Kingdecor), a series of businesscommunication and publishing printing materials, the series of electrical and industrial paper materials, andthe series of daily consumer products materials. Additionally, Xianhe focuses on the research, development,and production of paper-based functional materials, actively promoting the development of diverseindustries such as energy manufacturing, chemical materials, industrial water treatment and solid wastemanagement, clean energy, logistics, and consumer-end products, as well as integration of upstream anddownstream sectors in the new materials and new energy elds. Xianhe has 5 production bases in QujiangCity, Zhejiang Province; Changshan City, Zhejiang Province; Neixiang City, Henan Province; Laibin City,Guangxi Province; and Shishou City, Hubei Province.
Company Prole
Company name:
Xianhe Co.,Ltd.Abbreviation of Company name:
XianheStock Code:
603733Headquaer:
Quzhou City, Zhejiang Province, China
The Company insists on the tenet of "creating wealth and seing society" with the vision of becoming a"time-honored brand". Adhering to the craftsmanship spirit of "integrating knowledge and action, creatingwith craftsmanship", and guided by the concept of "Family-oriented Culture", we aim to become a leadingglobal company in the high-peormance paper-based functional materials indust through sustainableand high-quality development.
Corporate Culture
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Time-honored brand and sustainable development
Vision
Creating wealth and seing society
Tenet
People-oriented, with family as the foundationValues
With the integrated strategy of "Forest, Pulp and Paper", we aim to provide the best turnkeysolutions for the global high-performance paper-based functional materials sector andstrive to become the leader in the global special paper indust.Mission
Honesty, eciency, innovation, and excellenceSpirit
We treat employees as family members, allow them to share the achievements of thecorporate development, and take care of this "small family" well;Relying on cadres and employees, we advocate loyalty and dedication, standardization andorder, teamwork spirit, and independent innovation, to build a good corporation together;By fulfilling social responsibility, we strive to be a respected corporation and serve ournation.
The connotation of "Family-oriented Culture"
Message from the Chairman
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Sustainable Development ManagementEnvironmentProductPanershipGovernanceTable of Key PeormanceIndex of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
Chronicle of Events in 2023
Attended the 34th ChinaInternational Medical DeviceDesign and ManufacturingTechnology Exhibition;Held the Annual EmployeeCommendation Ceremony.
May
Organized diverse children'sfestival activities;Received the title of "GoodPaner for Volunta BloodDonation" awarded by theOce of the Leading Group forBlood Donation in Quzhou City.
June
Won the 1st prize of the "Social Contribution Award" inthe catego of Quzhou Municipal Government SpecialAward 2022;"The method for preparing high-transfer spray paintingand heat-transfer printing base paper" is selected asa pre-awarded project for the 24th China Patent GoldAward;Paicipated in the "Chinese Dream - Beauty of Labor"Litera and Aistic Peormance held in Quzhou City tocelebrate the "May Day" and received the Silver Award;The "Annual Production of 300,000 Tons High-endPaper-based Material Project," one of the fundraisingprojects for the Company's conveible bonds, wascompleted.
April
Attended the 35th ChinaInternational Medical DeviceDesign and ManufacturingTechnology Exhibition.
October
Designated as "Provincial-level Industrial TourismDemonstration Base in Zhejiang" by the Economy andInformation Technology Depament of Zhejiang and theDepament of Culture and Tourism of Zhejiang Province;Recognized by the Economy and Information TechnologyDepament of Zhejiang as one of the third batch of"Cloud-based Enterprises" in Zhejiang Province;Selected into the rst batch of star-rated "Wealth CreationEnterprise" in Quzhou City;Awarded the title of "Zhejiang Province IncorruptiblePrivate Enterprise Demonstration Unit";Zhejiang Tangfeng, a subsidia of the Company, wasselected into the "Second Batch of Zhejiang Province'sSpecialized and Innovative Small and Medium-sizedEnterprises in 2023";Attended the Labelexpo Asia 2023.
December
Awarded by the Quzhou TradeUnion with the title "QuzhouCraftsmen Academy XianheBranch";Selected into the "Second Batchof Provincial-level IntellectualPropey DemonstrationEnterprises in Zhejiang";Paicipated in the First WorldForest Indust Conference.
November
Received title of "Worker Pioneer of ZhejiangProvince" awarded by the Zhejiang ProvincialTrade Union;Organized women-friendly welfare activities onWomen's Day, such as health lectures, free bloodpressure tests, free consultations on healthand contraception, and distribution of familyplanning supplies.
March
A conference for thecadres' kicko of thenew year was heldto implement thecore spirit of the 20thNational Congress of theCommunist Pay of China.
Februa
With the suppo of the MunicipalFederation of Trade Unions, the trade unionof the Company invited calligraphers fromQujiang District and some calligraphersin our city to come to the Company andpresent spring couplets to the employeesand their families;Assigned depament leaders to visitand oer suppo to employees facingdiculties.
Janua
Held a PPT lecture competition;Organized client seice training;Won the "China Patent ExcellenceAward" issued by the ChinaNational Intellectual PropeyAdministration.
July
Three key members andcraftsmen of the Companypaicipated in the torch relayfor the Asian Games on behalfof Xianhe;Organized the annual stateam-building activity for theyear 2023.Paicipated in the LabelexpoEurope 2023.
September
Launched the rst phase of the BabysittingProgram;Organized management system training inbatches;Held a signing ceremony on August 28th to signa xed asset syndicated loan contract with thebank to promote projects in Guangxi and Hubei;Won the Third Prize for Invention Patent in the 1stZhejiang Provincial Intellectual Propey PatentAwards.
August
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Sustainable Development ManagementEnvironmentProductPanershipGovernanceTable of Key PeormanceIndex of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
Message from the Chairman
About Us
Sustainable Development ManagementEnvironmentProductPanershipGovernanceTable of Key PeormanceIndex of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
Financial Peormance
People-oriented, Sharing of ResultsGreen Development and Low-carbon Transformation
Quality First & Win-Win CooperationRevenues
8,553.4777million yuan
Net prot
667.2734
million yuan
Total assets
18,869.5308million yuan
Social contribution per share
2.07
yuan
Renewable energy usage
186,778,320kW ·h
Investment in environmentalprotection
361.6622
million yuan
the electricity consumption of paperproduction per ton has decreased by
33.2
kW·h per ton of paperNumber of unexpected environmentalincidents
PieceWater recycling and reuse ratio
97.2
%
Research and development fundingamounted to
112.8923
million yuan
Cumulative number of inventionpatents owned by the Company
Cumulative number of utility modelpatents owned by the Company
Product conformity rate
99.12
%
Propoion of pulp purchased by theCompany that can be traced back to itssource
%
Propoion of wood pulp supplierspossessing ceications such as FSCceication and PEFC ceication
%
Average training time peremployee
hoursNumber of employees receivingtraining20,000person-time
Employee health examination coverage
%
Safety production training coverage
%
Number of strikes in the past three years
pieceNumber of work-related fatalities
personInvestment in public welfare and philanthropy
1.8385
million yuan
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Highlights Peormance2023
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Strategy for SustainableDevelopment
Sustainable DevelopmentCooperation Framework
Communication withStakeholders
Analysis of MaterialTopics
Xianhe insists on the responsibility strategy of "adhering to sustainable development and becoming a global leader in the high-peormance paper-based functional materials indust". It insists on contributing to the sustainable development of society andthe economy, integrating the philosophy of sustainable development into its corporate development strategy, as well as corporatemanagement and daily operations. It improves the company's ESG and social responsibility work system and collaborates withstakeholders to contribute to sustainable development.
SustainableDevelopment Management
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UN SDGsCorporate Actions
We uphold the principle of gender equality, respect women's rights and ensure thatfemale employees are treated equally with male employees in the economic, social,and political spheres.We set up the Committee for Female Workers, which is dedicated to protecting therights and interests of female employees. The committee has been selected for thesecond batch of "Special Work Brands for Women Workers of Trade Unions" by theOce of Women Workers Committee of the Trade Union of Zhejiang Province.We have actively planed the layout of the new energy industry, and establishedXianhe New Energy, Zhefeng Energy, Guangxi Xianhe Energy, and Hubei XianheEnergy, with a focus on distributed photovoltaic power generation, power salesseices, and heat supply, thus promoting sustainable development.Since 2014, we have been using solar photovoltaic power generation equipment,and have laid out photovoltaic power generation in each of our production parksto eectively supplement production energy. As of the end of the repoing period,the installed capacity of photovoltaic power generation has reached 52.24 kWh,with an annual electricity savings of up to 51.76 million kWh, an equivalent energyconsumption of 15,938 tons of standard coal.We advocate the "Family-oriented Culture", create employment oppounities in thecommunities where we are located, build a safe and livable working environment forour employees, and continuously improve their sense of well-being.Over the years, we have constantly promoted the prosperity of education andprovided solid suppo for the nuuring of young people through the establishmentof the education fund, the awarding of the Wang Bendao Scholarship, and ourpaicipation in charitable giving programs for underprivileged university students.We actively seize the development opportunity of "replacing plastic with paper",continuously develop new environmentally friendly paper-based products, makefull use of raw materials and energy, and abide by the principle of responsibleproduction.We specialize in the research, development, and manufacture of environmentallyfriendly, low-carbon products, promoting sustainable consumption through ourmain business.We have established a systematic climate change management system, implemented agreenhouse gas emissions monitoring program based on internal energy consumption,conducted a gradual carbon invento, and formulated a strong emissions reductionplan to push Xianhe toward the goal of low-carbon transformation and development.We focus on building forest-pulp-paper integration, actively caring out forestconstruction, fully developing "carbon sink" resources, and contributing to themitigation of the impact of climate change.We integrate compliance concepts into the operation process and employees' dailywork, and create an environment of integrity, eciency, and stability.We fully implement the anti-corruption philosophy, establish a comprehensiveintegrity management system covering all employees, and promote the in-depth development of a corporate culture of integrity through diverse integritymanagement measures.
Xianhe has formulated six major strategic initiatives, eectively implementing the Sustainable Development Goals proposed by the UnitedNations (UN SDGs) and integrating sustainable development principles into various aspects of functional management and businessdevelopment. Through practical actions, Xianhe has contributed to the cause of sustainable development.
UN SDGs and Corporate Actions
Achieve gender equalityand empower all womenand girls
Ensure access to aordable,reliable, sustainable, andmodern energy for all
Promote sustained, inclusive,and sustainable economicgrowth, full and productiveemployment and decentwork for all
Ensure sustainableconsumption and productionpatterns
The Six Major Responsibility Strategic Initiatives of Xianhe
Use digital management tools such as ERP (Enterprise Resource Planning) and MES (Manufacturing ExecutionSystem) to achieve precise control;Build a solid foundation through ceications such as the "Three-in-One" system;Comprehensively introduce an excellent peormance appraisal mechanism and striving for excellence;Innovative development suppoed by technology and talent;With "Made in Zhejiang" as the standard, we are striving towards "Made in China 2025", continuously improvinginnovation, pursuing peection, and taking the lead in high-peormance paper-based functional materials thatare "domestically leading and internationally advanced".
Guided by the "Family-oriented Culture" construction and harmonious development;
Strategy for Sustainable Development
Take urgent action tocombat climate changeand its impactsPromote peaceful and inclusivesocieties for sustainabledevelopment, provide accessto justice for all and buildeective, accountable andinclusive institutions at all levels
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ESG repo auditReview ESG-related repos andimpoant matters of the Company andsubmit them to the Board of Directorsfor consideration.
ESG risk managementGuide and supervise the ESG Working Group to conduct research, analysis, identification,evaluation, and response to various risks related to the Company's environment, society, andcorporate governance, and incorporate ESG risks into comprehensive enterprise risk management.ESG goals and planningOversee the implementation andachievement of the ESG visions,strategies, objectives, and frameworks
Forest-Pulp-PaperIntegrationOccupational Health and SafetyWater Resource Management
Research andDevelopment
ComplianceOperationsProduct QualityCarbonEmissionReductionCorporate Governance
Energy Conseation and Carbon Reduction
Green ProductClient SeicePublic Welfareor Charity
PollutionPrevention andControl
Tackling Climate Change
Intellectual PropeyManagementSupply ChainManagement
Employee Welfare and CareResponsible ProcurementEmployee Training and DevelopmentProtection of Employee Rights and Interests
Risk Management
Impoance to corporate development
Impoance to the stakeholders
Key stakeholders
GovernmentShareholderEmployees
Expectations anddemands
Operate in accordance with thelawHonest taxpayingJob creationPromote regional economicdevelopmentEnvironment protection
PeormanceReturn on investmentSteady operationInformation disclosure andtransparency
Protection of rights and interestsCompensation and benetsCareer development andadvancementSafe and comfoable workingenvironmentWork/life balance
ResponseMeasures
Obsee laws and disciplinesHonest taxpayingImprove people's livelihoodPay attention to pollutionprevention and control
Improve corporate governanceStrengthen risk management andcontrolFormulate business strategiesTimely information disclosureImplement investor roadshows andorganize investor sueys
Legal conclusion of labor contractsProvide welfare and careShare the development outcomingsImprove the training mechanismImplementation of production safety
ClientsSuppliers and panersCommunitiesSocial organizations and the public
High-quality and diversiedproductsQuality seices
Fair procurementMutual benet and win-winPromote industrial development
Promote communitydevelopmentPublic seiceactivities
Public engagementTransparent operation
Persist in independent researchand innovationProduct quality managementImprove the client seice systemUnderstand client satisfaction
Stick to transparency inprocurementHonesty and integrity infulllment of commitmentsCar out the professionalexchange
Charitable donationsPaicipate involunteer activities
Accept public and mediasupeisionPublicity
The main responsibilities
of the ESG Committee
We have established the ESG Committee to provide guidance on the Company's ESG eos and to oversee the eective operation of theCompany's sustainability system. Meanwhile, the Board of Directors of the Company deliberated and passed the "Rules of Work of theESG Committee of Xianhe Co., Ltd." to clarify the main responsibilities of the Committee and hold regular annual meetings, which providestrong suppo for the Company to continuously improve its ESG management system and enhance its ESG management capability, and toenhance the Company's sustainable development peormance.
Sustainable Development Cooperation Framework
To eectively adapt to the continuously changing social demands and business environment, and ensure the eective management ofenvironmental, social, and corporate governance issues, the Company constantly strengthens its communication and collaboration withstakeholders, aiming to enhance its overall capability for sustainable development.
Communication with Stakeholders
During the reporting period, we updated the issues identified in the previous reporting cycle to guide the Company in effectivelyadvancing ESG and social responsibility management. Combining the Global Reporting Initiative (GRI) Standards, the SustainabilityAccounting Standards Board (SASB), and other relevant international standards, and taking into account the needs of stakeholders, wehave consolidated a collection of material topics that are in line with the Company's business model, current state of development, and tin with its future strategic layout.
Analysis of Material topics
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Environment Management
Tackling ClimateChange
Water ResourceManagement
PollutionPrevention
BiodiversityProtection
Xianhe upholds the philosophy of "Green China, Clean Factory" with a strong sense of social responsibility and mission. Itdeepens environmental governance and strives to build resource-saving and environmentally friendly enterprises throughpowerful measures and excellent pollution control achievements. Xianhe aims to achieve harmony, unity, and mutuallybeneficial cooperation between the enterprise, the environment, and society.
Contents
Environment:
Green Development and Low-carbon Transformation
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Environmental RiskPrevention and ControlThe General Manager’s Office is responsible for theidentication and assessment of environmental factors andthe compilation of the "List of Important EnvironmentalFactors". This list shall cover the entire lifecycle of allproducts, activities, or services of the Company. Theassessment results shall be updated annually and eectivelycontrol environmental factors.
Construction ofEnvironmentalProtection System
Xianhe has promoted the construction of an environmental protection system, fulfilledenvironmental responsibilities, and established a targeted and systematic environmentalemergency mechanism. Every year, it conducts identification and assessment ofenvironmental factors, continuously strengthens supervision, restraint, and trainingmechanisms, enhances the environmental awareness of all sta members, and ensures theeectiveness of corporate environmental management.Xianhe Co., Ltd., Zhefeng New Materials, Xianlu New Materials, Henan Xianhe, ZhejiangTangfeng, Korai New Materials, and Kingdecor have been certified by ISO 14001environmental management system.Implemention of Environmental ProtectionResponsibility
Raise Environmental Awareness
Xianhe has set up a three-level environmental protectionand clean production management network of the Company,departments, and branches to carry out comprehensive,whole-person, and whole-process environmental protectionand clean production management and environmentalprotection technology supervision. Xianhe has establishedan Environmental Protection and Clean ProductionManagement Committee which is directly led by the Boardof Directors. This Committee organizes monthly meetingson environmental protection and energy conservation tomanage the environmental and clean production work. TheCommittee has established the Office of EnvironmentalProtection and Clean Production, which is fully responsiblefor the management and supervision of the Company'senvironmental protection work.
In alignment with the municipal government's "five water"(namely sewage, floods, waterlogging, water supply,and water saving) shared governance, Xianhe promotesbehaviors such as controlling the use of water resources,soing garbage, using water eciently, and refraining fromlittering, to enhance employees' environmental awareness.Xianhey carries out carbon emission management trainingto improve the knowledge and operation skills of thepersonnel related to carbon emission management andprovide personnel security for the implementation of carbonemission management.
Establishment of Emergency MechanismAccording to the characteristics of sewage treatment andflue gas treatment process and possible accident factors,Xianhe takes "prevention-oriented, self-help, unifiedcommand, division of responsibility" as the principle,develops emergency plans for accidental discharge ofsewage and flue gas, implements emergency responsemeasures, and improves the disposal capacity of unexpectedenvironmental pollution incidents.
Key Peormance
Number of training onenvironmental protection
Times
Investment in environmentalprotection36,166.22
RMB 10,000
Annual emergency drill(s) for unexpectedenvironmental incidents
Times
Total number of paicipants inenvironmental training4,350Person-times
The annual special meeting(s) onenvironmental protection and energyconseation
Times
Environmental penalty incidents andamounts resulting from excessivepollutant emissions or violations
RMB 10,000
The coverage ratio of environmentalprotection training for employees
85.82
%
Pieces
The emergency response plan(s) formulatedby the subordinate of the Company and ledwith the environmental protection depament
Piece
Number of unexpectedenvironmental incidents
Xianhe strictly abides by laws and regulations such as the "Environmental Protection Law of the People's Republic of China" and the "WaterPollution Prevention and Control Law of the People's Republic of China". It has formulated a series of environmental protection proceduredocuments such as the "Environmental Management System" and the "Environmental Operation Control Procedure". Additionally, Xianhehas continuously improved its environmental protection system, implemented target management, and ensured the effectiveness ofenvironmental governance.
Environment Management
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1,297,654.76555,557.82
704,150.39
Carbon Invento Results of Zhefeng New MaterialsTotal GHG emissionsScope 2 - GHG emissionsScope 3 - GHG emissions
37,946.55Scope 1 - GHG emissions
Unit:Ton of CO2 equivalent
Total GHG emissionsScope 2 - GHG emissionsScope 3 - GHG emissionsScope 1 - GHG emissions
Unit:Ton of CO2 equivalent
Carbon Invento Results of Hefeng New Materials
362,642.46108,796.17
152.55
253,693.74
The Project of High-performance Paper-based New Materials in Sanjiangkou area, Laibin City,GuangxiThe High-peormance Paper-based New MaterialCircular Economy Project in Shishou City, Hubei
Establishing an Energy Management Organizational Structure
Xianhe has established the Energy Management Steering Team, which is led by the Vice President of Production, and includes thesupervisors of each division and the Company's energy officials. The Team is responsible for the rational use, monitoring, and controlof resources and energy. The Energy Management Steering Team has established an Energy Conseation Management Team, which isresponsible for formulating regulations and systems for energy consumption in various areas such as production, water usage, electricityusage, and transpoation, to ensure the implementation of energy-saving measures and eciency. The "Hydrophobic Valve InspectionSystem" and the "Rota Joint and Siphon Tube Inspection System" have been formulated to regularly examine these components andensure their normal operation and maintenance.Energy Metering Equipment Conguration and MaintenanceAccurate energy consumption management is inseparable from the application of measuring instruments. Xianhe has established theindicator of energy metering coverage rate, which includes equipment for external settlement, depamental workshop equipment, andkey energy-consuming equipment within the scope of statistics. Additionally, it has set up a standard metrology room, equipped withmetrology administrators, to car out energy meter management under the direct leadership of the production plant manager, and towork with energy ocials to establish an energy metering management system based on enterprise quality standards. The metrologyadministrators regularly conduct inspections, calibration, and maintenance of instruments and meters. Each sub-plant is responsible forthe daily inspection and management of energy measurement equipment in their respective plants to ensure their normal operation.
Xianhe implements a strict carbon emission management system and achieves energy saving and carbon reduction throughenergy eciency optimization and the use of clean energy technologies. Additionally, it develops carbon sink projects and greenlow-carbon products, takes comprehensive actions to address climate change, and helps achieve dual carbon goals.
Tackling Climate Change
Carbon EmissionManagement
In response to the requirements of regulatory agencies and downstreamclients, Xianhe has conducted a carbon inventory from 2022 onwards. Itinvolves tracking the carbon emissions of both the Company and its products,enabling the management to have a clear and visual understanding of thecurrent greenhouse gas emissions, thus facilitating the eective developmentof comprehensive carbon reduction plans for the entire company. In 2023,Xianhe fuher expanded the scope of carbon invento and carbon footprintmeasurement. It signed a project consulting contract with Lianhe Equator andcompleted carbon invento for its subsidia companies Zhefeng New Materialsand Hefeng New Materials. Additionally, carbon footprint measurements havebeen completed for glassine paper and food card paper, further advancingcomprehensive quantication management of carbon emissions.
Product carbon footprint
3,355.632,750.19
Unit:KG of CO2 equivalent/ton of paper
Glassine paperFood card paper
Carbon SinkDevelopment
Xianhe adheres to the development philosophy of "using paper to sustain forests andcultivating forests to produce paper", which not only achieves the sustainable utilizationof forest resources but also increases the carbon sink in the forest indust. In 2022,Xianhe officially launched the integrated project for the production of 2.5 million tonsof high-peormance paper-based new materials for the pulp and paper indust in theSanjiangkou New Area of Guangxi, and started the construction work for the project"2.5 million tons annual production of high-peormance paper-based new materials ina circular economy" in Shishou City of Hubei. During the repoing period, Xianhe madesignicant progress in advancing project construction. Among them, the rst productionline of a high-peormance paper-based new material circular economy project in ShishouCity, Hubei, was put into trial production in January 2024. The production lines of thefirst phase of the projects in Hubei and Guangxi are expected to be gradually put intooperation in 2024.
Energy Conseationand CarbonReduction
According to the national "thousand-ton, thousand-enterprise" energy-saving project,Xianhe has established an energy management organizational structure with the principleof "high quality, high productivity, low consumption, and green development". Throughsystematic thinking, bold innovation, and deep exploration, Xianhe has developed andimplemented energy-saving measures, signicantly improving the Company's productioncapacity, and achieving remarkable progress in energy-saving.
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The use of new wood pulp materials andimproved processes effectively reduce thenumber of production steps.Introducing a mixing and pulping processto reduce energy consumption in theintermediate stages.The use of retention and filtration aids atthe paper surfacing stage improves rawmaterial retention and reduces wastage.Adopting automatic paper guiding systemto increase production rate and reduceenergy consumption.
By adopting the DCS production process automation control system, the entireproduction process can be automated, thus reducing unnecessa human waste.By using the QCS quality control system, achieve automatic control of relevantproduction parameters.The PLC control system is adopted to implement accurate control of relevantproduction equipment.Equipped with an automatic measuring system, it automatically measures water,electricity, steam, raw materials, and other production processes.Equipped with the web inspection system (WIS), it provides real-time and eectivemonitoring of various web inspections occurring on the paper web during operation.This facilitates prompt response from operators and enables them to quickly identifythe causes of web inspections, thereby reducing paper wastage and improving theyield of nished products.Equipped with the MCC management center, the operation of the motor is monitored,controlled, and protected through on-site motor control and protection devices.The communication function of the device is combined with the upper computermonitoring system to achieve intelligent monitoring, control, and protection of themotor.The MCS auxilia drive control system is utilized to achieve eective control of someof the devices on the paper machine.
Process optimizationAutomation Applications
Energy-saving and Consumption-reducing Measures
Xianhe continuously promotes a policy of learning and implementingenergy-saving and emission-reduction measures. It includesimplementing a responsibility system for energy conservation andemissions reduction and nding energy consumption factors throughvarious methods such as process adjustment, production scheduling,product sequencing, equipment utilization, raw material analysis, andwater and electricity consumption. Energy-saving measures are thenformulated based on the ndings.
Transformation of inveers:
Conducted inveer upgrades for paper machine equipment, investingapproximately 1.8 million yuan to purchase more than 120 inveers.Application of new turbine fans:
Adopting a new type of turbine fan to reduce energy consumption, with acumulative investment of nearly 3 million yuan in turbine fan renovation.ElectricitySaving
Maximize steam recove:
New technology is used to maximize the recove of steam from pa of theproduction process and reduce steam consumption.Inspection and rectication of steam pipelines:
The steam pipelines are inspected and rectied forinsulation to reduce heat loss in the pipeline.Installation of preheating recove devices:
The hot air hood adopts advanced heat exchanger for three-stage preheat recove, fully recovering waste heat.Adoption of advanced natural gas combustion furnaces:
Adopting impoed or domestic advanced naturalgas combustion furnace to improve the thermal eciency, hot air recycling to reduce the exhaust gasemission.
SteamSaving
Energy-saving Technology and Equipment Application
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Comprehensive energyconsumption expenditureUnit:Ton of standard coal
202120222023202120222023202120222023
202120222023202120222023202120222023
202120222023
469,678.20460,677.82428,704.41
Comprehensiveenergy density
Unit:Ton of standard coal/yield
1.59
1.98
1.93
Electric power consumption
Unit:kWh973,297,796.52867,047,127.01776,759,960.50
Heat consumption
Unit:Ton1,762,159.97
1,829,916.051,499,378.77
75.73
66.94
64.31
The propoion of electricityconsumed in energy consumptionUnit:
%
Steam consumption
Unit:Ton
2,655,563.972,270,848.402,056,206.39
Investment in energy-savingand consumption-reducingtechnologiesUnit:RMB 10,0001,048.88
1,819.79
2,490.00
Key PeormanceIn the past three years,the electricity consumption of paperproduction per ton has decreased by
33.2
kWh per ton of paper
Standard coal
2,657.6
tonsresulting in an annual saving of
9.3247
million kWh
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Renewable energy usageUnit:kWh18,677,83213,243,47211,763,740
1.92
1.53
1.51
Propoion of renewable energy usageUnit:
%
Environmental attributesApplication scenariosEnvironmentally friendly product A
This type of paper is madefrom natural plant fiberswithout adding any harmfulsubstances during theproduction process. It has highenvironmental performanceand can be recycled andreused, which reduces theconsumption of naturalresources.
It is often used in high-endpackaging, food packaging,business cards, certificates,greeting cards, and printedbrochures, to enhance thetexture of products and meetpackaging requirements suchas food safety, waterproong,and moisture resistance.
Utilization of Clean Energy
Construction of distributed photovoltaic power generation:
The company has invested 43.1036 million RMB to expand 17.49 MWdistributed photovoltaic power generation projects in the plant area of Linhu Noh Road in Donggang and its subsidiaries such as XianluNew Materials, Zhefeng New Materials, Korai New Materials and Hefeng New Materials, with an average annual power generation of about
17.7755 million kWh.
Construction of user-side energy storage project:
Implementation of a 22.36MW/44.72MWh user-side energy storage upgrade project.The Zhifeng Energy Storage Project, the largest single user-side energy storage station in indust, fully utilizes the eectiveness of energystorage projects in energy saving and carbon reduction, assisting the Company in energy conseation and emission reduction.CaseThe construction of largest single-user energy storage station in China beganOn September 28, 2023, the construction of the Zhefeng Energy Storage Project, located in the planning area of Zhefeng NewMaterials, a subsidia of Xianhe, was ocially staed. The project plans to occupy 15 acres of land to mainly build an energystorage power station with a rated power of 42 MW and a rated capacity of 284.884 MWh. As one of the largest single-userenergy storage stations in China, the project, once completed, will be able to achieve up to 10 hours of energy storage, which isve times that of a traditional storage station. The project has a daily discharge of 250,000 kWh and an annual peak and valleydischarge of 80,000,000 kWh, which saves large amount of electricity costs for the Company eve year. This project can eectivelyaddress issues associated with intermittent, unstable, and uncontrollable new energy sources. It not only generates and storesenergy in a safe and environmentally friendly manner, but also achieves energy saving and emission reduction for businesses bycharging during o-peak hours at night and discharging during peak hours in the daytime.In addition, Xianhe strongly suppos the construction of user-side energy storage projects. The 22.36MW/44.72MWh user-sideenergy storage upgrade project, located at the headquaers, ocially commenced in early Februa 2024, assisting the Companyin optimizing its energy structure and reducing greenhouse gas emissions.
Zhefeng Energy Storage Project Eect Picture
Photovoltaic Panels Installed by the Company
EnvironmentallyFriendly Products
The Company has developed products such as carbon-free printing paper, carbon-free copy paper, and low-intensity decarbonized electrolytic capacitor paper to helpdownstream clients expedite their low-carbon transformation process. During thereporting period, the Company continued to increase investment in research anddevelopment and developed environmentally friendly products, aiming to continuouslyenhance the propoion of environmentally friendly products.
This type of paper is made fromwood fibers as raw material.The production processdoes not generate harmfulsubstances, and it can naturallydegrade after being discarded.Additionally, the productionprocess requires less energy.
It can be used to protectphotovoltaic panel batterycells from damage causedby environmental factors,and can also be used as thesurface protection materialfor photovoltaic panels, thusprolonging their lifespan.Besides, it can be used infields such as automotiveglass that require highreection and high insulation.
Environmentally friendly product B
Environmental attributesApplication scenarios
202120222023202120222023
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In terms of water production, the Company fetches water from reseoirs after government approval. After being treated and puried, thewater meets industrial water standards, avoiding the use of drinking water. This not only ensures the water source for the Company's watersupply but also consees drinking water resources. Meanwhile, the Company actively adopts water-saving technologies and equipmenton the production line to reduce water usage.
Reduce water consumption in production
Water consumption objectives:
Complete the renovation of domestic water facilities by 2023 to reduce domesticwater consumption;In 2030, a water balance test will be conducted to comprehensively understandthe condition of the water distribution network and scientifically enhance watermanagement.
Install advanced water saving equipment and facilities on the paper machine production line to recycle related raw materialsand water.Energy displacement and fully enclosed circulating water system are adopted to realize the recycling of cooling water, and theproduction water enters the production system without wasting a drop of water in the process.Upgrade and transform the fabric cleaning system for paper-making machines.Install a sand ltration system to lter and recycle the wastewater at the end point.
Key PeormanceReusable dense white water was
%The recycling rate of thin white waterwas above
95.5
%The total water saving for the entireyear was
300,000cubic meters
Water Saving Goalsand Progress
The Company has formulated the "Ten-year Water Plan", which sets a clear goal tocomplete the renovation of domestic water facilities and reduce the use of domestic waterby 2023. During the repoing period, the Company replaced damaged water valves andfaucets, upgraded the water and electricity meters in the living areas to sma ones, andadjusted the automatic water supply duration in oces and restrooms from 10 seconds to7 seconds. The completion of these upgrades improved water usage eciency in the livingfacilities.
Water-SavingMeasures
To maximize the improvement of the water resource utilization and reduce waterconsumption, the Company actively promotes the transformation and upgrading ofproduction lines, and implements standardized water-saving programs, aiming to minimizethe water consumption.Xianhe strictly adheres to laws and regulations such as the "Water Law of the People's Republic of China" and the "Water PollutionPrevention and Control Law of the People's Republic of China". It has formulated systems and documents such as the "Water MeteringManagement System" and the "Planned Water Use Management System". It has also set up a Water Conseation Oce to coordinate theCompany's water resource management under the leadership of the Clean Production Management Committee, including setting goals,decomposing them, and overseeing the implementation of water-saving measures. Meanwhile, equipped with accurate water meteringequipment, suppoed by data, we identify factors that consume high amounts of water, formulate water-saving measures, and promotetheir implementation to ensure the scientific and efficient use of water resources. Additionally, we effectively dispose of sewage andeliminate the impact of production operations on the water environment by adopting specialized disposal equipment, constructing sewagetreatment plants, and actively seeking suggestions from relevant paies.
Water Resource Management
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Key PeormanceTotal water consumption
202320222021
Unit:Ton
18,307,713.20
20,207,564.96
17,342,208.28
202320222021
Unit:TonTotal amount of water recycled and reused591,949,393.47
653,377,933.71
560,731,401.05
Unit:Cubic meter/ton
Water consumption perunit of yield
24.42
17.56
22.32
202320222021
Unit:%Water recycling and reuse ratio
96.77
97.20
96.37
202320222021
Key Peormance
Unit:ton/ton of paperUnit:gram/ton of paperUnit:gram/ton of paper
202320222021
Wastewater (process water) density
202320222021
Chemical oxygen demand (COD)density
202320222021
Biochemical oxygen demand (BOD)density
46.02
598.33
98.49
583.93
140.29
66.34
69.76
562.21
159.77
The Company posts water conservation signs in majorwater usage areas and on appliances, organizes pre-shift and post-shift meetings to create a culture of waterconservation, conducts annual water coanservationcampaigns, and raises awareness among employees aboutthe impoance of conseing water.
Create a water-saving culture
The Company has set water consumption targets foreach plant to strengthen the control of water resourcedevelopment and utilization. Any changes in water usageshall be reported to the Water Management Departmentfor approval.
Strict control over water consumption
The Company enhances the management of water-saving equipment and formulates the "Water-savingEquipment Management Regulations" to clarifythe use, management, maintenance, and otherwork arrangements of water-saving devices, fullymaximizing their effectiveness.
Strengthen equipment management
The Company and its subsidiaries have invested in theconstruction of water treatment systems, such as theintermediate water treatment system and the recycledwhite water system, to improve water resource utilizationeciency and eectively control water usage.
Promote recycling
Normalized water-saving program
Sewage Disposal
The Company has established an alkali recove system and a comprehensive utilizationsystem for black liquor to reduce the pollution caused by "cooking black liquor" in theproduction process. It also invests in sewage treatment equipment, updates wastewatertreatment technology, increases the number of bio-tanks, and reduces the chemicaloxygen demand and ammonia nitrogen concentration in the wastewater. Meanwhile,the Company strictly follows the "Procedures for Negotiation and Information ExchangeManagement", fully considers the opinions, suggestions, and complaints of its employeesand local residents, and promotes the improvement of water pollution prevention andcontrol. Moreover, the Company regularly monitors the discharge of wastewater. If thereis an excessive amount, measures will be taken in accordance with the "Accident, Incident,Nonconformity, Correction, and Preventive Control Procedures" to ensure proper disposalof the wastewater.
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Eucalyptus Trees in Guangxi Base
Reed Bush in Hubei Base
EmissionManagement
The exhaust gas of the Company mainly comes from the unorganized exhaust fromwastewater treatment of sewage stations, volatilization of liquid raw materials andproducts, fume emission from kitchen of cafeteria, emission from office cars, emissionfrom analysis experiments, etc., among which the unorganized exhaust from wastewatertreatment of sewage station accounts for the largest proportion. The Company hasspecified the responsible departments and control measures for each emission source.A yearly monitoring of emissions is conducted to ensure compliance. If the test resultsshow that the exhaust gas exceeds the standards, the General Manager’s Office isresponsible for supeising the use of exhaust gas purication equipment and arrangingfor professional personnel to inspect and repair the equipment. Meanwhile, the Companyactively adopts waste gas treatment technologies and processes, to car out emissionimprovement for waste gas and ensure compliance with emission standards.Management ofWastes
The wastes generated from daily activities are classied into general wastes and hazardouswastes according to the "National Catalogue of Hazardous Wastes". Among them, generalwastes mainly include household wastes, construction wastes, recyclable paper, metalwastes, and general plastic wastes. Hazardous wastes mainly include waste oil, wastebatteries, oily wastes, and other hazardous wastes.The Company is implementing clean production to reduce the generation of generalwastes and hazardous wastes. Meanwhile, the Company follows the principle of"saving resources and making the best use of resources", and constantly seeks ways ofcomprehensive waste utilization, such as recycling and other ways to reuse solid wasteresources through external sales. For waste that cannot be recycled, the Company entrustsqualied third-pay organizations for disposal.Noise Management
The Company tries to use new technologies and equipment that have minimal or no harmto reduce the damage of noise to employee's health. Additionally, it develops the "NoiseEmission Management System" to specify the sources of noise and various measuresfor controlling noise. According to the Class III standards of GB 12348-2008 "EmissionStandards for Industrial Enterprises Noise", noise monitoring shall be conducted oncein the first quarter by on-site inspectors, and the results shall be recorded. In terms ofemployee protection, the Company provides protective equipment for positions thatare aected by noise, arranges regular annual medical examinations to reduce the harmcaused by noise to employees, and conducts relevant training to raise awareness of noiseprotection among employees.
Xianhe strictly implements the "Waste Gas, Solid Waste and Noise Management System and Control Procedures", strengthens themanagement of wastewater, exhaust gas, solid waste, ambient noise, and sound source noise, and strives to recycle wastewater, exhaustgas, and solid waste as much as possible to minimize their impacts on the environment.
Pollution Prevention
The Company aims to minimize the negative impact on biodiversity by optimizing the production process, reducing reliance on naturalresources and emissions of pollutants, and developing environmentally friendly technologies and new paper-based functional materials.With the goal of "integrated use of pulp and paper" for a circular economy, the Company promotes ecological conseation. For example,the Company has planted eucalyptus trees on a large scale in Guangxi and has built more than 3,000 mu of forest by itself; meanwhile,it has cooperated with local governments and state-owned forest farms to invest in afforestation by taking the construction of rawmaterial bases as an oppounity to expand the area of forest. We are collaborating with the government in Hubei to engage in reed eco-conseation. Fuhermore, in project development, emphasis is placed on biodiversity conseation and the volunta payment of "forestvegetation restoration fees" to ensure the protection of occupied forests.
Biodiversity Protection
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Product Developmentand Innovation
Product QualityManagement
Construction of A SustainableSupply Chain
Suppoing IndustDevelopment
Based on its scientific research advantages, Xianhe seizes the development opportunity of "replacing plastic withpaper" to meet the growing consumer demand for special paper in industrial development and daily life. By focusingon accelerating the research and development investment and construction of paper-based materials, adhering toresponsible procurement principles, and ensuring product quality, we work together with partners in the upstream anddownstream of the industrial chain to move towards a new height of sustainable development.
Contents
Product:
Quality First & Win-WinCooperation
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Key PeormancePropoion of R&D personnel:
5.33
%research and development funding amounted to
112.8923
million yuan
A comprehensive analysis of technicaland economic feasibility is conductedcentered on four core dimensions:
market demand, market share, currentand future trends in technologydevelopment, and resource eciency.This analysis aims to grasp the currentstatus and future direction of industtechnology, providing precise decisionsuppo for product development.
We strictly follow the "three-stagedesign" process to sequentiallycomplete the technical designspecifications, technical designproposals, and work drawing designsfor new products.
Xianhe attaches great impoance to the standardization and renement of the researchand development process. Based on market and technology orientation, it graduallyestablishes four major processes that align with the Company's product innovation. Itensures the practicality and competitiveness of product innovation, maximizing the valueof innovation achievements. Each link is closely connected, forming an ecient and high-quality innovation mechanism.
OptimizingInnovation Process
Investigation, research, analysis anddecision-making
Before the new product is officiallyput into mass production, sampletrial production and small-batchtrial production will be conductedfirst. Based on the characteristics ofthe project, the products producedduring the trial phase will be formallyevaluated and assessed in termsof economy and technology. Thisassessment will determine whetherthey meet the criteria for moving onto the next step of trial production ortransitioning to full-scale production.
Based on the evaluation, we will followthe relevant regulations formulatedby the State Council and Ministry ofScience and Technology on awardsfor scientific and technologicalachievements and technologicalprogress, as well as the Company'smanagement system, to conductprofessional evaluations of theachievements and execute thecorresponding approval procedures.
Each branch and plant collectsemployees' rational suggestionsand improvement proposals, whichare categorized into four levelsbased on their value. At the end ofthe year, they are reported to theheadquarters for unified evaluationand precise rewards. An "InnovationTeam Award" is also provided tostimulate the team's innovationvitality.
Advanced production equipment isintroduced to improve productionefficiency and product quality;industry experts are introduced tobuild a professional talent team andenhance the team's professionalcapabilities and innovation potential.
The Company has joined handswith municipal and provincial tradeunions to organize vocational skillscompetitions in the papermakingindustry, to demonstrate andenhance the professional skills ofpapermaking workers, to promotetechnical exchanges and experiencesharing within the industry, and toset up industry-university-researchplatforms such as the XianheResearch Institute, and the Academyof Paper-Based Materials Indust.
010203
Establishing incentive mechanismIncreasing investment in innovationCreate an atmosphere of innovation
Building AnInnovativeEcosystem
As a national high-tech company, Xianhe regards innovation, research, and developmentas its top priority. It has established management systems such as the "New Product R&DManagement Regulations", "Research Funding Allocation & Management Regulations", and"Talent Recruitment Management Measures" to encourage employee innovation. Thesesystems help attract and retain top talents in the indust, ensure the reasonable allocationand monitoring of research funds, guarantee the efficient utilization of resources, andcreate an orderly, ecient, and incentivizing environment for research and developmentactivities, thereby forming a solid foundation for sustained innovative progress.
Continuous innovation, research, and development are the key factors that enable us to maintain market competitiveness. Since itsestablishment, Xianhe has always adhered to the innovation concept of "independent design and collaborative development", with afocus on innovative ecological construction and R&D process optimization. We strive to create a good atmosphere for innovation and arecommitted to providing clients and the market with more high-quality products.
Product Development and Innovation
Review of new productachievements
Product design management
Management of new producttrial production and appraisal
Environment
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The nished products shall be packaged and stored strictly in accordance with the requirements of the "Process InstructionSheet" and "Product Protection Control Procedures" to prevent contamination or damage. If long-distance transpoation orthe use of new packaging materials is involved, transpoation stability and reliability tests shall be conducted as necessa.Package transpo
Following the principle of "three-stage design", we strictly implement sample trial production and small batch trialproduction in the process of product development. The Production Technology Department is responsible for settingprocess conditions, and comprehensive management of process production technology, as well as reviewing andsupeising process records, thus ensuring high-quality implementation of the process ow.
Design and development
We have developed a "Procurement Plan" and compiled quality standards for raw materials under national and induststandards, combined with specific company requirements, to prevent the use of substandard materials during theproduction process.Raw material control
According to the "Product Inspection and Control Procedures" and "Quality and Safety Production Control Procedures", theproduction stages of pulp production, papermaking, rewinding, etc., as well as quality and appearance, are inspected;Defective products shall be labeled separately according to the degree of defects and properly classied and isolated toprevent mixed use;After the review, rework, repurposing, and pulp crushing will be carried out for the sub-quality products.
Quality inspection
The production process shall be set up and carried out according to the detailed parameters specied in the "ProcessInstruction Sheet", which includes specific requirements for process flow diagrams, operating instructions, technicalstandards, and process indicators;Establish a dual inspection model consisting of self-check by production employees and inspection by inspectors;Build a 5G "smart workshop", rely on 3D models and dynamic data visualization of production operation processes, toensure product quality.
Standardized production
Patent Ceicate of the Company
Invention patent
Utility model patentNew Patents Obtained in 2023
A type of high-strength medical packaging paperA device for eectively degrading food packagingpaperA double-sided calendering mechanism for digitalthermal transfer printing paperA scented milk packaging of kraft base paperAn online ash absorption control system for a papermachine
A water transfer printing paper deviceA sizing mechanism for the production of digital thermaltransfer printing paperA press roller for the production of electrolytic capacitorpaper
A preparation method for high smoothness glassine paper
Obtained
new invention patentsObtained
new utility model patents
QualityManagementProcess
Xianhe is committed to ensuring excellent and stable product quality. In 2023, itformulated new management regulations, such as the "Management Regulations onLeftover Materials" and "Regulations on the Inspection of the Appearance of FinishedRoll Paper", based on the existing management systems such as "Quality Safety ControlProcedures" and "Production Process Control Procedures". These new regulations fuherclarify and rene the key points of quality control in the production process. The Companyensures the superior peormance and reliability of its products by establishing a qualitymanagement team that continuously monitors and evaluates the entire process, fromdesign and manufacturing to nal delive, and following the highest standards. This isdone to meet client expectations.
High-quality products are the key to winning the trust of our clients. Since its establishment, Xianhe has made it a priority to create safeand reliable products. With the business philosophy of "client needs are our standards," we provide clients with one-stop seices forresearch and development, production, and technology. We continuously improve our client feedback mechanism to eectively enhanceproduct quality and seice.
Product Quality ManagementHaestingInnovativeAchievements
Currently, the Company has 85 utility model patents and 52 invention patents. It focuseson the research and development of new paper-based products as an alternative toplastic, as well as high-peormance paper-based materials. While continuously improvingits independent innovation capabilities, it makes steady progress in the special paperindust.
Key Peormance
Environment
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Measures for Hazardous Substance Management
We have established the Hazardous Substances Management Team, with the DeputyGeneral Manager in charge of the team, responsible for leading the management ofhazardous substances and ensuring that relevant measures are eectively implemented.Organizational structure
Management regulations
The "Hazardous Substances Control Procedures", "Hazardous Substances ManagementStandards", and "Hazardous Substances Inventory" are formulated to ensure thatproducts comply with the local regulations of the production and operation and meetthe requirements of clients.Training and publicity
We regularly organize relevant units or personnel to undergo training on the controlrequirements of hazardous substances to ensure that the harmful substance content inthe product is within the standard, from design to sales.
We deeply understand and accurately capture client needs, provide customized productsand excellent seices, deepen client loyalty, and enhance brand stickiness.Sticky development and personalized customization
We have installed 52 sets of advanced and modern paper production facilities,incorporating cutting-edge production technology processes. A complete production,logistics, information processing system, and storage capacity for goods have beenestablished, ensuring the superiority of the manufacturing process. The production processdemonstrates exceptional adaptability. We can quickly respond to market dynamics andthe evolving needs of clients, and adapt to diverse, small-scale batch, and rapid deliveorder requirements.
Flexible production
We regularly conduct in-depth evaluations of client satisfaction to accurately grasp theirrecognition of our products and services. Targeted optimization and enhancement arepeormed to improve client satisfaction.client satisfaction suey
Client Seice Initiatives
Management Procedures for ClientComplaints
Key PeormanceScore of client satisfaction sueyHandling rate of client complaints
91.35
points
%
We provide diversied communication channels online and oine, develop"quality feedback forms" to address client complaints or feedback, anddistribute them to the technical department. Additionally, we conductregular client satisfaction sueys eve month to promptly understand theneeds of dierent clients and dierent periods.
Informationcollection
We require that, within two working days, the handling and recticationwork be completed, an improvement and prevention plan be formulated,and a "Corrective and Preventive Action Plan" be formulated to control andavoid similar issues that may occur in subsequent production.Rectication
andcorrection
We continuously track and conrm the eectiveness of rectication withclients, and timely file and archive them; Develop a month-on-monthanalysis report on the issues presented in the survey to monitor theeectiveness of improvements.
Follow-up
visits
The Quality Inspection Depament and each papermaking branch factoanalyze and deal with the feedback, and then summarize the reasons.Causeanalysis
Harmful SubstancesManagement
We strictly adhere to RoHS and client requirements to review materials and finishedproducts, effectively controlling the use of hazardous substances in product design,procurement, production, and warehouse management. Meanwhile, we take intoconsideration the potential external release of hazardous substances during transpoation.Moreover, we rely on ceied institutions to conduct inspections to ensure the health andsafety of our employees and clients.
Excellent ClientSeices
Xianhe insists on the direct sales business model of "production + service," upholdingclient rights, focusing on user experience, and continuously seeking opportunities forproduct and seice improvement. Besides, we have formulated client seice systems suchas the "After-sales Seice Management Measures," "Processing Management Measuresfor Complaints Compensations," and "Management Measures for Client Visits," forming awell-dened organizational structure with the sales depament responsible for gatheringclient feedback and the technical department providing technical support. Additionally,we provide various feedback channels, including client seice hotline, fax, website, andwritten suey forms. It is required to respond to communication matters within 24 hours.For significant and sudden quality issues, immediate analysis and resolution shall beconducted. If necessa, technical personnel shall be dispatched to handle the situationon-site, ensuring that clients receive attention and response promptly.
We provide one-stop services that span the entire product life cycle, covering productdesign, development, sales, and after-sales seices.One-stop seices
We adopt the one code for one product system to ensure the traceability of the entireprocess from product storage to outbound, achieving accurate monitoring of the productlifecycle.Products can be traced
We are committed to providing comprehensive and continuous service support thatcovers everything from order follow-up to after-sales services. We deeply understandand insightfully analyze client needs, and offer personalized solutions based on theirpreferences. Furthermore, we aim to establish and maintain long-term cooperativerelationships, regularly communicating with clients to understand and anticipate theirevolving needs, thereby enhancing client satisfaction and loyalty.
Accompanying seices
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Sustainable Procurement Policy
The suppliers are required to ensure a fair working environment, which includesproviding fair benefits for employees, prohibiting discrimination, respecting the rightof employees to assembly and association, having zero tolerance for forced labor, andprohibiting the use of child labor.A fair working environment
Suppliers are required to conduct comprehensive risk assessments on their productionoperations to ensure that their production, manufacturing, transportation, andoperational processes do not have any impact on the safety of employees, the public,and surrounding communities. Identied risk points shall be addressed and correctedeectively.Facto and process safety
We advocate and encourage suppliers to paicipate in actions aimed at reducing theirenvironmental footprint and establishing and pursuing environmental goals similar tothose of Xianhe.Reducing environmental
impact
We work closely with suppliers to jointly build a transparent and traceable supply chainsystem, effectively evaluate and monitor potential risk factors, and ensure that rawmaterial procurement aligns with our sustainable procurement policy.
Supply chain transparency
All suppliers are required to adhere to the principle of honesty, and strictly complywith all relevant laws and regulations, including but not limited to provisions on fraud,bribe, and corruption prevention. Additionally, suppliers shall insist on the principle offair competition and comply with the laws and regulations of their respective countriesregarding anti-monopoly and fair competition, ensuring the legitimacy and propriety oftheir business practices.Fair competition andanti-corruption
The products provided by suppliers shall comply with the ceication standards of FSCor PEFC, ensuring their safety in terms of human health and environmental protectionwhile reecting sustainable development and the sustainable management capability offorest resources. In addition, suppliers shall provide sucient information to ensure thesafety of the products. For products containing hazardous substances, special attentionand handling shall be given, and a rigorous evaluation of the product's safety shall beconducted in the risk assessment process.
Product safety
Key PeormanceProportion of pulp purchased by the Company that canbe traced back to its source
Propoion of wood pulp suppliers possessing ceicationssuch as FSC ceication and PEFC ceication
%
%
Supply ChainManagement
We have implemented strict supplier qualification assessment and ongoing dailymanagement mechanisms, with an emphasis on environmental and social responsibilityin the auditing process, to ensure that we only establish cooperative relationships withenterprises that meet our high standards for sustainability and stability. In addition toadmission audits, we conduct regular environmental and social responsibility audits onsuppliers, to optimize supply chain eciency and enhance supply chain resilience.
SustainableProcurement
To implement responsible procurement and ensure the sustainable management offorest resources, Xianhe has formulated and issued the "Sustainable Procurement Policy"based on international initiatives, domestic regulations, and its development needs. ThePolicy details sustainable procurement strategies from six dimensions, aiming to fulll itscommitments and promote the coordinated development of the industry chain. Xianheencourages all stakeholders to participate in the supervision of procurement activities.In the event of a violation of the Policy, feedback shall be reported to us through atransparent and public repoing mechanism.Xianhe is committed to working together with suppliers for mutual growth. Xianhe has established and implemented various regulationssuch as the "Supplier Management System," "Supplier Evaluation and Assessment Procedures," "Procurement Control Procedures," and"Sustainable Procurement Policy" to ensure that the admission review and daily maintenance of suppliers align with the Company'ssustainable development needs. We actively advocate for suppliers to practice the concept of sustainable development. We refer tointernational conventions and relevant laws and regulations of China to develop and implement the "Supplier Code of Conduct", aiming tobuild an ecient, stable, and sustainable supply chain network and achieve strategic development goals.
Construction of A Sustainable Supply Chain
We request suppliers to provide RoHSreports, FSC certifications, and PEFCcertifications, as well as related certificatesor repos on food safety, and environmentalprotection, issued by qualified third-partyorganizations, and update them annually.Besides, we sign contracts with suppliersincluding the "Supplier Code of Conduct,""Non-Use of Hazardous SubstancesGuarantee," "Declaration Form of RawMaterial Ingredients," "Investigation Formof Environmental Harmful Substances,"etc., to minimize the environmentalimpact.Suppliers are required to provide samples.After the samples pass the inspection,they can be supplied in small quantities.After passing the small-batch supplyassessment, the suppliers may be includedin the "List of Qualied Suppliers".
Eve year, key suppliers are subjected toregular performance reviews, using the"Supplier Performance Evaluation Form"to conduct a comprehensive evaluationof quality, delive time, price, after-salesseice, and other dimensions.Daily grading management: suppliers withlower grades shall improve and reducethe order quantity within three months topromote their ongoing optimization.
In the periodic quality assessment ofproduction, if a supplier fails to improvethe quality of their products after beingnotified and warned by the Company,their supply qualication will be canceledimmediately.During the annual regular evaluation, ifa supplier's overall score or quality scoreis lower than the benchmark score, itsqualication as an approved supplier willbe revoked. Under special circumstances,when it is necessary to retain a supplier,the verification and approval shallbe conducted by the deputy generalmanager, and a stricter standard foracceptance inspection shall be followed.If a supplier fails the evaluation twice ina row, the supplier will be permanentlydisqualied from supplying the product.
Supplier Management Process
AdmissionAssessmentWithdraw
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China IntemationalMedical EquipmentFair (CMEF)
34th China International Medical Device Design and Manufacturing Technology (Spring)Exhibition35th China International Medical Device Design and Manufacturing Technology (Autumn)ExhibitionFood packagingexhibition
FHA HoReCa (A Leading Hospitality Trade Show In Singapore)FFA (Fine Food Australia)Label Exhibition
Labelexpo Asia 2023Labelexpo Europe 2023Product exhibitionThe First World Forest Indust Conference
Participationin Exhibitions
34th China International Medical Device Design andManufacturing Technology (Spring) Exhibition
Labelexpo Asia 2023
35th China International Medical Device Design andManufacturing Technology (Autumn) Exhibition
The First World Forest Indust Conference
Paicipationin IndustDevelopment
Since its establishment, Xianhe has been deeply engaged in the paper-making indust.Its product matrix presents a characteristic of a wide variety and extensive coverage,with applications that reach into various aspects of daily life. In recent years, we havermly grasped the development oppounities of "replacing plastic with paper". Besides,we have increased investment in innovative talent, equipment, and funds, fully utilizingthe performance characteristics of special paper to develop green products with highdurability and applicability. We have developed and put into production products suchas mold-resistant paper for solar energy use, high-temperature self-adhesive paper, andadhesive dialysis paper.In 2023, we shouldered the responsibility of leading the indust. Our subsidia, ZhefengNew Materials, was involved in the drafting of GB/T 43011-2023 "Paper, Board andPaper Products — Determination of Chloropropanol Content". Besides, we adhere tothe concepts of "going global" and "bringing in" by participating in various domesticand international industry exhibitions and seminars upon invitation. We showcase ourinnovative technologies and product highlights to the public. Alongside our paners, westrive to make progress in the development of high-peormance paper-based functionalindustries.
Special paper is classied as an "advanced basic material" and "key strategic material" in the "14th Five-Year Plan" for the development ofthe new material indust in Zhejiang Province. We seize the trends of the times, keep up with market demands, and focus on the researchand development of paper-based materials, devoting ourselves to indust development. Over the years, we have consistently been drivinginnovative achievements toward the path of technological advancement, reliable quality, and environmental sustainability.
Suppoing Indust Development
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Sma Workshop Digital Twin System
High-cleanliness release paper
With outstanding anti-adhesive performance,it solves the issue of adhesion in the process ofproduct manufacturing in electronics, automotive,printing, and other industries. Besides, it ischaracterized by high cleanliness, high efficiency,and environmental protection.
High-pressure-resistant electrolytic capacitor paper
With excellent voltage resistance, electricalproperties, and absorption properties, it is usedto manufacture electrolytic capacitors that canwithstand high voltage and current.
Light-blue spunlace and non-woven fabric-based material
It is mainly used for medical, hygiene, and protectiveproducts, with a soft texture, strong waterproofpeormance, and strong toughness. It is easy to cut,bond, and process.
Recipient of "Provincial New Product" Ceication in 2023
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Suppoing "Made inChina 2025"
2023 is a crucial year for the implementation of the "14th Five-Year Plan". Xianhehas been upholding the standard of "Zhejiang Manufacturing" as a benchmarkfor quality, rmly pursuing the grand blueprint of "Made in China 2025". We areadvancing towards intelligent transformation and are committed to becominga leading company in the high-performance paper-based functional materialsindust, both domestically and internationally. We aim to contribute signicantlyto the realization of "Made in China 2025".During the repoing period, we completed the pilot work of sma workshops atthe PM27 and PM28 production lines in the Donggang Base. By leveraging digitaltechnology, we introduced 3D models and a dynamic data visualization system tomonitor real-time production data and energy consumption, enabling effectivetracking of order progress and workshop equipment operation status. Additionally,we relied on production data to establish a digital twin system, simulated andoptimized the entire production process, and standardized production operations.In the future, we will continue to improve the construction of smart workshops,steadily and gradually achieving the "Digital Xianhe" Industrial 4.0 strategy.
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Employee Benets andWelfare
Employee Growth andDevelopment
Employee Health andSafety
Public Welfare andPhilanthropy
Xianhe insists on putting people first and continuously builds a "Family-oriented Culture", striving to create itself as a careerstage, spiritual paradise, and happy home for employees. It ensures that employees feel fully trusted and respected, have equaloppounities for professional development, have a vast space to showcase their talents, feel the warmth and care of the Company,work with ease, live a happy and fullling life, and achieve mutual growth with the Company. Meanwhile, we extend this kind of careto a wider social group, doing our best to enable more people in need to feel cared for and warm.
Contents
Panership:
People-oriented, Sharing ofResults
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The Company was awarded the title of"Enterprise with Harmonious Labor Relations in Quzhou City"
Production personnelSalesmanFinancial personnelTechnicianAdministrative personnelProcurement personnelOthers
By gender（Unit:%）Percentage of male employeesPercentage of female employees
77.35
22.65
By age（Unit:Person）Below?25 years old25 to 55 years oldAbove 55 years old
3,991
4,369
By education background（Unit:Person）Master's degree and aboveJunior collegeJunior high school and below
Bachelor's degreeTechnical seconda schooland senior high school
2,288
1,582
By job type（Unit:Person）
Total number of employees
5,069Person
Protection of Rightsand Interests
The Company strictly adheres to the requirements of labor rights-related laws andregulations such as the "Labor Law of the People's Republic of China" and the "LaborContract Law of the People's Republic of China". It has formulated and continuouslyoptimized systems such as the "Compensation Management System" and the "TalentIncentive System", which cover labor relations, promotion, peormance, sala, benets,and leave, to regulate labor employment in accordance with the law. Additionally, itis committed to establishing harmonious and stable labor relations with employees.Moreover, it is strictly prohibited to hire child labor and engage in forced labor, to avoidemployment discrimination based on gender, race, region, and other factors, thus fosteringa diverse talent pool.
Xianhe adheres to relevant laws and regulations to ensure employee rights, implements diverse talent policies, provides competitivesalaries and comprehensive benets, and creates a fair and caring work environment.Employee Benets and Welfare
EnvironmentProduct
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GovernanceTable of Key PeormanceIndex of IndicatorsFeedback Form
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Key Peormance
The labor union receives employeeproposals/suggestions
Implementation of employee proposals/suggestions by the labor union
Pieces
Pieces
Employee paicipation rateCollective agreement coverage rate
%
%Organize a representative conference orother democratic communication meeting
Times
The Company adheres to the principlesof fairness, competition, incentive,economy, and legality in salamanagement. It establishes a salamanagement institution to reviewsala adjustments.
Basic sala + allowances + bonuses+ oveime pay + various subsidies
Composition ofremuneration
Overall adjustment:
Adjustments will bemade based on macroeconomic conditions,indust competition in dierent regions,corporation strategy, and corporationpeormance.Individual adjustments:
These arecategorized into regular adjustments(adjustments to salaries based on annualpeormance appraisals) and irregularadjustments (adjustments to employees'salaries based on skill enhancement, jobchanges, job promotions, etc.).
Salaadjustments
A Peormance of the Summer Care Program
To deepen employee care seices and ensure that employees have no worries at work, our Labor Union pays close attention toand properly resolves employees' practical needs. In response to the balance between work and child care during the holidays,we organized the rst Summer Care Program from July 10th to August 4th, 2023. With the core concept of "letting employeeswork without worries, children are taken care of by us", we provide professional childcare seices during holidays. The childcareprogram, through a comprehensive "care and education" model, not only allows children to learn and grow in happiness but alsogreatly reduces the pressure on employees to look after their children.
CaseChildcare Is Evewhere with Love and Summer Is Full of Joy
We provide employees with staff dormitories, which have differenttypes of units and facilities, for convenient living.We have funded a provincial second-grade kindergarten next to thedormitory area and conducted the summer care program to meet theneeds of employees to take care of their children.We provide 1 yuan working meals to ensure the health and safety ofemployees' diet.We provide gifts for weddings, childbih, bihdays, condolence, andcare about the personal matters of employees.We provide benefits and condolences to retired employees onInternational Women's Day.
The Company attaches great impoance to democratic management and is committed to establishing a smooth and multi-channel two-way communication mechanism. Employees can directly express their opinions and suggestions to the general manager via email, ensuringthat their voices are heard. Additionally, the Company regularly holds meetings on techniques and equipment, as well as team repomeetings, so that employees can paicipate in the daily operations and decision-making processes. Moreover, the Company implementsthe employee representative assembly as the basic form of a democratic management system, encouraging employees to activelycontribute their ideas and suggestions for the development of the Company. The Female Workers' Committee was set up to protect theirrights and interests.
Democratic governance
Under the leadership of a "Family-oriented Culture", Xianhe regards its employees as family members and provides various benets, aimingto create well-being for employees and allow them to share the achievements of the Company's development.Benets provided to employees
The Company has established and continuously optimized the "Sala Management System," which is based on the basic sala and followsthe principle of equal pay for equal work. It also includes a fair and benecial compensation structure that integrates peormance bonusesand allowances to suppo employee development. This system covers all employees. Besides, the Company provides employees with"ve social insurance and one housing fund" and timely pay salaries. The Company regularly conducts the sala benchmark analysis toensure fair compensation and benets, while providing employees with competitive salaries within the region. During the repoing period,the Company increased the employee's basic sala, ve social insurance and one housing fund. The overall annual total remunerationincreased by approximately 5%.
Compensation Management
EmploymentManagement
The Company implements democratic management, strictly guarantees the fairness ofperformance, and provides competitive salaries. Meanwhile, we continuously improveemployee benets, hold various employee activities, and enhance team collaboration andemployee satisfaction.
Compensationmanagement
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Fitness RunningPPT Presentation and Public Speaking CompetitionDistributing Spring Festival Couplets to Employees' Families
Organizing Team Building Activities in Guangxi for EmployeesOrganizing Team Building Activities in Hunan for Employees
Organizing Employees to Visit the Production Base
Feihong Slippe Meadow Team BuildingChildren's Day ActivitiesSummer Care Program
The Company actively organizes employees to paicipate in various spos and cultural activities. Regular team-building activities withdiverse forms are organized for employees to meet their spiritual needs and enhance their happiness.Sta Events
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Promotion Path
Specic Promotion Path of Management Position
Junior Title Intermediate Title Senior Title Manager, Facto Level, Depament Level
Technology roadmap
Team leader Section chief Deputy chief engineer (assistant) Manager, facto level, depament level
Management roadmap
Salesperson Business Supeisor Deputy Chief Engineer (Assistant) Manager, Facto Level, Depament Level
Business roadmap
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Trainee
Foreman
SectionChief
Worker
AssistantSectionChief+AssistantSectionChief
SectionChief+
DeputyDirector-
DeputyDirector+DeputyDirector
Assistant
Facto LevelTalent Introductionand Incentives
The Company improves its talent management measures and formulates the "ManagementSystem of Talent Introduction" and "Management System of Recruitment and Employment"to introduce and hire talents in a diversied manner, and attract outstanding talents asmuch as possible in an attractive manner. We actively cooperate with local schools torecruit students, establishing a long-term and stable talent pipeline; additionally, weintroduce professionals from different fields in universities and research institutions tocontinuously inject new energy into the Company, etc. To attract, develop, and motivatetalents more eectively, the Company has established an annual talent incentive bonusto reward employees who have made signicant contributions to the Company's businessdevelopment, thus achieving a win-win situation for both talents and the Company.Career Development
The Company is committed to building a complete, transparent, and fair promotionmechanism. It has formulated the "Employee Promotion Management Measures" toclarify the promotion standards, corresponding allowances, adjustment periods, andimplementation processes. It aims to inspire employees' enthusiasm for work, guide theirself-growth, and achieve mutual progress for both employees and the Company.
Employee growth is the cornerstone of a successful company. Xianhe perseveres in placing talented individuals in appropriate positions,providing everyone with a broad space and platform to showcase their abilities and fully unleash their potential. Meanwhile, wecontinuously improve the promotion system and strive to bring outstanding talent to the forefront, maximizing the utilization of theirabilities.
Employee Growth and Development
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New Employee Orientation TrainingSales Skills Training
Customer Seice TrainingManagement System TrainingMake the best use of one's talents
For the training of university students, the method of rotating and then xing posts is adopted. The rotating personnel are xedand graded according to their personal development intention, job matching degree, and job vacancies, to make the best useof their talents.We car out self-evaluation in an organized manner, taking into account the actual production situation of the Company. Theself-evaluation focuses on assessing the professional abilities, job peormance, professional ethics, and craftsmanship spiritof employees in dierent occupations and levels. We aim to identify the employees' skills and specialties and place them insuitable positions.
Recruiting talented individuals
The Company hires outstanding talents through two methods: internal recruitment and external recruitment.Newly recruited employees are required to paicipate in pre-seice training, after which they will be assessed and the lastplaces will be eliminated.
Make the best use of talentsWe organize sta skills competitions to select skilled technicians and outstanding technical individuals and promote personalgrowth through healthy competition among employees.According to the needs of the positions, the company organizes professional skills and theoretical knowledge training to helpemployees improve their employment skills.We adopt a "one-on-one" mentorship approach to enhance skills and professional qualities through guiding, teaching, andsuppoing.Employees shall possess professional technical capabilities and the ability to innovate independently. Besides, they shall beable to cultivate or apply for professional technical talent.Regular arrangements are made for senior and middle-level cadres to visit various regions for study and learning, to graspadvanced management concepts and experiences. In 2023, the Company arranged for executives and senior leaders toattend 66 external trainings and paicipate in 31 external conferences.
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Sta Training
The Company adheres to the employment philosophy of "recruiting talents, maximizingtheir potential, and fully utilizing their abilities". With the suppo of the management team,the Company provides various training programs, including theoretical training, mentoring,skill competitions, re-education, and external visits and learning. These training programsare tailored to suit dierent employees, such as new hires, existing sta, and managementpersonnel. In conjunction with an independent evaluation system, the Company aims toprovide employees with suitable positions and strives to create a high-quality platform forself-value realization.
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The Company has obtainedthe Occupational Health and Safety Management SystemCeication (conforming to the GB/T 45001-2020/ISO45001:2018 standards)
The Company has developed safety production-related management systems, such as the "Occupational Health and Safety HazardIdentication and Risk Assessment Procedures", "Occupational Health and Safety Operation Control Procedures", and "Labor Protection andProtective Equipment Control Procedures", under current legal regulations and the actual situation of the Company. These managementsystems cover aspects such as risk control, operation control, labor protection and protective equipment control, hazardous chemicalscontrol, emergency preparation and response control, etc. They regulate all aspects related to safety production and ensure that safetyproduction is carried out in accordance with regulations and detailed implementation.
Security System Construction
The Company has established a safety risk defense mechanism that covers safety risk identication, safety production inspections, safetyproduction operating procedures, employee health checks, etc., to ensure eective prevention and control of production risks. Specically,it includes identifying occupational hazards through HSE inspections, occupational pathology investigations, and occupational hazard pre-evaluation; using MES qualitative evaluation methods to assess the risks of working conditions; designating the 16th day of each monthas "Safety Inspection Day" to car out on-site safety inspections; regularly convening safety production analysis meetings to review andreect on safety work; adhering to the "Five Simultaneous Principles" of safety production; organizing regular health examinations for allemployees and inviting doctors to conduct free blood pressure and other health checks in the accommodation area, etc.
Security Risk Control
The Company attaches great impoance to improving employees' safety awareness and actively conducts safety education and drills. Newemployees are required to undergo facto safety education, general safety education, and on-site education for their specic positions.The Company holds monthly safety meetings and conducts safety education for employees in each depament. The sections and workteams conduct safety education activities during their weekly meetings to enhance employees' alertness to safety production. TheCompany organizes annual activities such as re drills, conned space operation drills, and safety knowledge competitions to promote adeep understanding of safety production among the employees.
Safety Education
Safety Production and Operation Monthly Meeting
Fire Safety TrainingFirst Aid TrainingSafety Drill
Safety Inspection Site
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The Company strictly complies with the requirements of national laws and regulations, continuously improving its occupational health andsafety management system. It has been ceied by GB/T 45001-2020/ISO 45001:2018. According to the requirements of the occupationalhealth and safety management system and the user guide, we have set up the Production Safety Committee, improved the productionsafety management organization, formulated the production safety management system and operating procedures, investigated andmanaged hidden dangers and monitor major sources of danger, and established a preventive mechanism; we car out a various safetyeducation to enhance the awareness of employees of production safety and to consolidate the foundation of production safety.
Employee Health and Safety
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The Company's wholly-owned subsidiary, Henan Xianhe, has extended its industrial chain based on production and operationcharacteristics. It relocates some of the product processing stages to rural areas, relaxes employment conditions, provides favorabletreatment for rural employees, and sets exible working hours. Meanwhile, eos have been made to enhance skills training, enablinga large number of rural migrant workers to acquire employable skills, ensuring the quality of products, and promoting the simultaneousdevelopment of enterprises. This approach has paved the way for absorbing more migrant workers and addressing the social issue of ruralemployment. Henan Xianhe has built a total of 31 xed rural production workshops.
Key PeormanceInvestment in safety training/education
Total number of paicipants insafety production training
Average duration of safety productiontraining for employees
24.6
RMB 10,0005,614Person-times
HoursSafety production trainingcoverage
Safety emergency drillsTotal number of paicipants in the safety
emergency drill
%
Times4,600Person-timesNumber of working days lost dueto work-related inju
Total number of recordedaccidents
Number of work-related fatalities
Days
Times
Person
Charitable donationsRural developmentTargeted donation to Pingwu Countyfor East-West Collaboration and PairingAssistance100,000RMB
Zhejiang Zhefeng New Materials Co., Ltd.
Support for the opening ceremony ofCultural Square in Dongwangying Village10,000RMB
Henan Xianhe Special Pulp and Paper Co., Ltd.
Donation to theAmity Foundation
80,000RMB
Xianhe Co., Ltd.
Educational donationsStudent aids
142,000RMBHenan Xianhe Special Pulp and Paper Co., Ltd.
School visits on Teacher's Day (6 schools)18,000RMBHenan Xianhe Special Pulp and Paper Co., Ltd.
Wang Bendao Scholarship80,000RMBXianhe Co., Ltd.
Charitable Funds
Donated to Quzhou Charity Federation1,000,000RMBXianhe Co., Ltd.
Donated to the Neixiang County Charity Federation
408,500RMBHenan Xianhe Special Pulp and Paper Co., Ltd.
Xianhe closely links corporate development with community building, and upholds the value of "creating wealth and serving thecommunity". It is committed to becoming a respected enterprise. The Company actively responds to the national strategy of ruralrevitalization and paicipates in public welfare undeakings. Through public welfare donations and the development of rural industries, itsuppos the construction of rural areas and a better society.
Public Welfare and Philanthropy
Rural Revitalization
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Governance
Table of Key PeormanceIndex of IndicatorsFeedback Form
Xianhe is committed to establishing a standardized and well-operated governance system, with scientific management and aculture of integrity and transparency, to create a positive business environment. By establishing a sound governance structure,improving the compliance management system, and promoting a corporate culture featured with integrity, we aim to strengthen thefoundation of governance and ensure the long-term healthy development of the enterprise.
Corporate Governance
Compliance Operation
Business Ethics
Risk Management
Contents
Governance:
Pragmatic Implementation LaysA Solid Foundation
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Governance
Table of Key PeormanceIndex of IndicatorsFeedback Form
In 2023, the Company revised and reviewed multiple governance systems, including but not limited to the "Articles of Association","Regulations on Audit Committee", "Regulations on Independent Directors", "Regulations on Remuneration and Evaluation Committee",and "Regulations on Nomination Committee". These governance systems are aimed at fuher strengthening the Company's governancestructure and helping the Company adapt exibly to the constantly changing internal and external environment.
System Revision
The governance structure of "Shareholders' meeting, Board of Directors, Board of Supeisors and Senior management"
The Board of Directors is the corporate decision-making body of a company. TheCompany strictly adheres to the provisions and requirements of the "Articles ofAssociation" and the "Rules of the Board of Directors" to convene board meetings. Eachdirector diligently fulfills the responsibilities entrusted by the shareholders' meeting,fully leveraging the Board of Directors guidance and supeision role in major decision-making and business management, and safeguarding the legal rights and interestsof shareholders and other stakeholders. The Board of Directors has established fivespecialized committees, namely the Strategy Committee, the Audit Committee, theNomination Committee, the Remuneration and Appraisal Committee, and the ESGCommittee, which operate under the working rules of each committee.
Board of Directors
The senior management is the executive body of a company. It is appointed by theBoard of Directors and responsible to the board. Based on the relevant corporategovernance regulations and the powers granted by the Board of Directors, it implementsboard resolutions and organizes the Company's production and business activities.Senior management
The Board of Supeisors is the oversight body of a company. The Company convenesthe Board of Supeisors meeting in accordance with the provisions of the "Aicles ofAssociation", "Rules of Procedure for Supeiso Board Meetings", and other relevantregulations. All members of the Board of Supervisors strictly fulfill their supervisoryresponsibilities, ensuring the daily operation of the Board of Directors and safeguardingthe compliance of the actions of directors, senior management, and nancial mattersof the company. Efforts are made to safeguard the legal rights and interests of theCompany and its shareholders.Board of Supeisors
The shareholders' meeting is the governing body of a company. The Company strictlyfollows the laws and regulations such as the "Company Aicles of Association", "Rulesfor the Shareholders' Meetings of Listed Companies", and "Rules of Procedure ofShareholders' Meeting" to convene the shareholders' meeting, car out the notication,deliberation, voting, and information disclosure work.Shareholders'meeting
Shareholders' meeting
Security depamentBoard of Directors
Board of Supeisors
Generalmanager
Auditdepament
the StrategyCommittee
the Nomination
Committee
the AuditCommittee
the ESGCommitteethe Remuneration andAppraisal Committee
Key Peormance
Number of directors
Person
Number of female directors
Person
Number of independent directors
Person
Number of board meetings
Times
Number of supeisoboard meetings
Times
Number of shareholder'smeetings
Times
Number of meetings convenedby the Board of Directors'Strategic Committee
TimeNumber of meetings convenedby the Board of Directors'Nomination Committee
Time
Number of meetings convened bythe Board of Directors' Remunerationand Evaluation Committee
Time
Number of meetingsconvened by the Board ofDirectors' Audit Committee
Times
Number of meetingsconvened by the Board ofDirectors' ESG Committee
Time
Holding of the Three Meetings in 2023 and Composition of the Board of Directors
GovernaceArchitecture
Xianhe strictly adheres to the requirements of the "Company Law of the People'sRepublic of China", "Securities Law of the People's Republic of China", "Code of CorporateGovernance of Listed Companies", and the "Rules Governing the Listing of Stocks onShanghai Stock Exchange", as well as regulato documents issued by the China SecuritiesRegulatory Commission and the Shanghai Stock Exchange. The Company formulatesand timely revises various rules and regulations, establishes a sound operating modelconsisting of shareholders' meetings, Board of Directors, Board of Supervisors, andmanagement, continuously improves the corporate governance structure, regulatescorporate operations, and enhances the level of corporate governance.
A scientically standardized corporate governance system is an impoant foundation for enhancing the overall value of a company. Xianhecontinues to improve its corporate governance structure, optimize and improve governance systems, attach impoance to investor rightsprotection, and eectively enhance standardized operations.
Corporate Governance
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Key Peormance
Number of projects that undergothird-pay audits
TimesNumber of training oninternal control
Time
Number of announcements ofresearch status of receptionorganizations
PiecesNumber ofpeormance briengs
Times
Q&A response rate onthe interactive platform
%
Number of responsesto investor inquiries onthe interactive platform
TimesTotal number of announcementsdisclosed through the designatedinformation disclosure channel
Pieces
Employee paicipation inlegal and compliance training2,523 Person-time
Number of internalspecial audit projects
TimesHost the themed eventfocused on lawfulnessand compliance
Times
Compliance and Internal Control Management Process
Prevention stage
Developing institutional and regulato documentsContinuously building a culture of compliance and conducting internal trainingPromoting the construction of an information system through the integration of OceAutomation (OA) and ERP (Enterprise Resource Planning) systemsSupervising, regularly reviewing, and guiding the institutional construction of eachbranch plantPromoting the subsidia's compliant operations through monthly on-site verication
Audit phase
Conducting annual internal audits and implementing depamental cross-audit modeEngaging professional third-pay organizations to conduct external auditsAnnual review of key special activities
The Board of Directors and senior management listen to the audit results repo andprovide guidance and opinionsCoordinating internal agencies to make timely rectifications and implementrequirementsRectication phase
Investor RelationManagement
The Company attaches great impoance to the protection of investors' rights and strictlyadheres to the regulations of regulato agencies and the requirements of the "Aicles ofAssociation". It communicates Company operational information to investors truthfully andcomprehensively through methods such as conducting peormance briengs, publishingregular and interim repos, organizing and receiving institutional investor research, andutilizing the "SSE E-interactive" network platform, hotline telephone, and email. Thiseectively safeguards the legitimate rights and interests of all shareholders.During the reporting period, the Company actively organized the annual performancebrieng for 2022, the semi-annual peormance brieng for 2023, and the third-quaerperformance briefing for 2023, to facilitate timely and effective communication withinvestors.
ComplianceManagement
The Company strictly insists on the "Internal Audit Management System", the "InternalAccounting Control Regulations" and other systems and regulatory requirements. Itcontinuously improves compliance and internal control management mechanisms toensure the eectiveness of the internal control management system. To fuher promoterefined management, the Company has established 47 internal control procedures,which specify the responsible departments, management requirements, and executionspecifications of various operational activities, providing a solid guarantee for theCompany's stable operation.
The Company adheres to the business philosophy of honesty and legality, continuously monitors and improves the corporate complianceand intellectual propey management system, integrates compliance concepts into the operation process and employees' daily work, andcreates an environment of integrity, eciency, and stability.
Compliance Operation
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To improve the management level andenhance employee compliance awareness,the Company organizes training activitieson civil code, sales contracts, and otherrelevant laws and regulations, coveringthe Company's management and relevantdepaments.
Compliance training
Training Site of the Civil Code Training
Institutional system
The Company has developed a series of intellectual propey management regulations, including the "General Principles of IntellectualProperty Management", "Patent Management Regulations", "Trademark Management Regulations", "Software Copyright ManagementRegulations", and "Intellectual Property Rewards and Penalties System", etc. These regulations establish a comprehensive intellectualpropey management system, which not only ensures the Company's technical and brand advantages but also helps the Company gain aunique competitive edge in the market, laying a solid foundation for its ongoing development and position in the indust.
Management architectureThe Chief Officer of Intellectual Property Management is responsible for developingintellectual property policies, objectives, and related strategies. Additionally, he/sheis in charge of managing and evaluating the eectiveness of the intellectual propeymanagement system.
General manage
The enforcement agencies of intellectual property rights shall work together tocomplete tasks related to the acquisition, maintenance, application, and protection ofintellectual propey rights.
Other relevant functional depaments
External trainingTraining eventsPaicipantsOrganized byQuzhou "April 26" Intellectual Propey Rights PromotionWeek Launch Ceremony and Intellectual PropeySummit Forum Activities
Director of General Manager’s OceOce of Quzhou Municipal
People's GovernmentLecture on Intellectual Propey Protection PracticeDepament of Production and
Technology
Quzhou Market Supeision
AdministrationConference on Intellectual Propey RightsDepament of Production and
Technology
Quzhou Market Supeision
AdministrationConference on the Criminal Protection of IntellectualPropey
Deputy General Manager and Director ofGeneral Manager’s Oce
Zhejiang Provincial Public
Security BureauConference on Citywide Intellectual Propey ProtectionProgram
Chief Engineer and Minister of Investmentand Development Depament
Quzhou Market Supeision
Administration
Intellectual PropeyManagement
The Company always highly respects intellectual property rights, and regards"innovative development, protection of intellectual property rights, enhancement ofcore competitiveness" as its development policy. We adhere to the basic principles of"complying with relevant national intellectual property laws and regulations, respectingthe intellectual propey rights of others, ensuring the right of inventors to be credited,and eectively safeguarding our intellectual propey." We have established a knowledgemanagement structure and system that covers from the general manager to functionaldepaments, to systematize and standardize the management of intellectual propey risksand improve the eciency of intellectual propey management. Meanwhile, we activelypaicipate in external intellectual propey-related training, promote the value realizationof innovation achievements, and promote the healthy development of the overall indust.
Intellectual property management mainly includes organizing and formulating thecompany's intellectual propey objectives and implementing work plans. Additionally,regular inspections, assessments, and evaluations of the implementation of intellectualpropey objectives by various functional depaments are carried out.
IP Depament
InformationDisclosure
The Company has established a dedicated department and allocated professionalpersonnel under the provisions of the "Rules Governing the Listing of Stocks on theShanghai Stock Exchange". It designates the "Shanghai Securities News" as the mediafor the Company's public information disclosure, to effectively fulfill the obligation ofinformation disclosure. The Company strictly follows the requirements of the "WorkingRules for Information Disclosure". it has established, and discloses relevant informationbased on the principles of truthfulness, accuracy, completeness, and timeliness, to ensurethat all shareholders have equal oppounities to access information.
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Improving internal constraint mechanism
Highlighting the exempla role of management
Enhancing integrity consciousness comprehensively
The Chairman of the Company signs and issuesthe "Declaration of Integrity" and posts it at variouslocations such as the company gate, workshop, andoce building to enhance awareness of integrity.
We include employees' integrity as a basis for annualpeormance evaluations, to achieve a deep integrationof integrity and personal interests.
We have introduced the "List of 20 Positive andNegative Aspects of a New Type of Clean and HonestGovernment-Business Relationship" and signed the"Integrity Commitment Letter" with the main cadres atall levels, strengthening the role of cadres in setting anexample.
We incorporate the regulations on integrity managementinto the training program for new employees, providethem with a clean and honest package, and regularlycar out advocacy activities for all newly hired personnel.The Company regularly organizes integrity educationactivities for all employees, including special events suchas "Integrity 15 minutes" and "Integrity Education Week,"
Integrity Corridor in the Company's campus
Based on the theme of integrity education, we haveestablished a "Five-Ones" stronghold, which includesa bar, a pavilion, a wall, a corridor, and a training roomwith the theme of integrity, to create an atmosphere ofintegrity culture.
We have specied the "Supplier Integrity Agreement" inprocurement and sales contracts to guide upstream anddownstream partners to comply with the Company'sintegrity requirements.Clean GovernmentManagement
The Company has formulated a series of regulatory documents, including the "Codeof Business Ethics," "Integrity Management System," "Integrity and Control System,""Integrity Supeision System," and "Anti-Corruption and Gift Management System." It iscommitted to creating a standardized and rule-based business environment. It aims toestablish a comprehensive system for all employees to participate in the constructionand management of integrity, covering all levels from the Board of Directors to all stamembers. This is done to ensure the eective implementation of integrity managementand supervision. Additionally, a series of management measures, such as raisingawareness, are taken to promote the construction of a clean and honest corporate culture.
Since its establishment, the Company has regarded the culture of integrity as its top priority in operations and development, with a long-term belief in "building the organizational integrity with the highest professional ethics." We fully implement the anti-corruption philosophy,establish a comprehensive integrity management system covering all employees, and promote the in-depth development of a corporateculture of integrity through diverse integrity management measures. While encouraging employees to proactively repo any suspectedillegal or unethical behavior, it is essential to firmly protect the legal rights and interests of whistleblowers and prevent any form ofretaliato action.
Business Ethics
aiming to continuously enhanceemployees' awareness of the ruleof law and compliance.
Creating a supply chain featured with integrity from
upstream to downstreamCreating a clean and honest work
environment
Enhancing the awareness of prima responsibility
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Table of Key PeormanceIndex of IndicatorsFeedback Form
Key PeormanceNumber of training on anti-corruptionand integrity
Times
Number of employees paicipating intraining on anti-corruption and integrity2,800 Person-time
Lawsuits related to corruption involving theCompany or its employees
Piece
PieceTotal number of complaintsand repos received
PieceTotal number of complaints andrepos processed
Propoion of board membersreceiving training on anti-corruption/integrity (%)
57.14
Propoion of senior stareceiving training on anti-corruption/integrity (%)
96.9194.32
Propoion of mid-level stareceiving training on anti-corruption/integrity (%)
Propoion of ordina stareceiving training on anti-corruption/integrity (%)
94.26
To protect the legal rights and interests of whistleblowers, the Company has established the "Code of Business Ethics of Xianhe", whichstrictly prohibits any form of retaliation against whistleblowers. Any violation will result in the accountability of the relevant individualsand their superiors. For actions that seriously endanger the rights and interests of whistleblowers, they will be promptly reported tojudicial authorities and criminally prosecuted in accordance with the law. Meanwhile, we require employees to sign an informed consentstatement to ensure that they fully understand the Company's regulations regarding repoing violations and prohibiting retaliation, fuheremphasizing their commitment to safeguard the rights of all employees to repo freely within the Company.
General Manager's Oce Suggestion Box in the OA System
Risk Management Structure
We have established a three-tier risk management framework consisting of the "Board of Directors, Risk Management Committee(accountability unit), Audit Depament (professional depament)", with a commitment to comprehensive risk control. The Company hasestablished the "Control Procedures for Responding to Risks and Oppounities", which species operational requirements including riskresponse measures, risk avoidance, risk mitigation, and risk acceptance to eectively control various types of risks.Risk identication and response
Financialexposure
Legal
risk
The Company has formulated the "FinancialRisk Control Management System" and adedicated risk management departmentconducts periodic evaluations based onthe principles of comprehensiveness,impoance, balancing, adaptability, and cost-effectiveness. Meanwhile, the departmentestablishes a nancial risk management earlywarning system, ensuring the stability of theCompany's nancial operations through timelyrisk prevention and mitigation.
The Company's dedicated legal personnelare responsible for managing legalrisks by conducting compliance checks,issuing risk assessment repos, providingprofessional references for decision-making, and mitigating legal risks.We organize sales personnel to conducttraining on contract law, risk control, andother legal risk prevention, and strengthenthe legal risk awareness of relevantdepaments.
Protection forWhistleblowers
We have established a comprehensive whistleblower system, encouraging employees torepo any illegal or unethical behavior that violates our business ethics policies to theirsupeisors or the General Aairs Depament. In addition to internal employees, externalstakeholders are also encouraged to repo suspected violations.
We focus on risk prevention and management, establish a sound risk management framework, standardize risk response and oppounitycontrol procedures, eectively protect the interests of shareholders and other stakeholders, and safeguard the Company's sustainabledevelopment.
Risk Management
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Table of Key Peormance
Index of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
Table of Key Peormance
IndicatorUnit202120222023
Water resource utilizationWater consumptionTon17,342,208.2820,207,564.9618,307,713.20Total amount of water recycled and reusedTon560,731,401.05653,377,933.71591,949,393.47Propoion of total water recycled and reused towater withdrawal
%96.3796.7797.20Comprehensive Water consumption per unit ofoutput
Cubic meter/ton of
paper
22.3224.4217.56Energy UseNatural gas consumptionM319,861,909.5722,957,532.3226,331,553.74Coal consumptionTon419,647.28323,837.89315,173.72Steam consumptionTon2,056,206.392,270,848.402,655,563.97Heat consumptionTon1,499,378.771,829,916.051,762,159.97Electricity consumptionkWh776,759,960.50867,047,127.01973,297,796.52Total solar power generationkWh11,763,740.0013,243,472.0018,677,832.00Self-suciency rate of electricity%35.6933.0624.27Propoion of electricity in energy consumption%64.3166.9475.73Renewable energy usagekWh11,763,740.0013,243,472.0018,677,832.00Propoion of renewable energy usage%1.511.531.92Comprehensive energy consumption expenditure
Ton of standardcoal
428,704.41460,677.82469,678.20Comprehensive energy density
Ton of standardcoal/ton of paper
1.931.981.59Investment in energy-saving and consumption-reducing technologies
RMB 10,0002,490.001,819.791,048.88
Emissions
General waste emission densityGram/ton of paper0.0990.0950.100Dangerous waste emission densityGram/ton of paper71.8046.4734.99Solid waste emissionTon95,635.7881,297.6881,604.12Reuse rate of solid waste%66.4865.4078.00Sulde emissionTon0.9800.0130.370Average emission intensity of suldes in the pastthree years
Gram/ton of paper1.150.860.94
Environmental peormance
IndicatorUnit202120222023
NOx emissionTon160.6596.98114.13Average emission intensity of NOx in the pastthree years
Ton/ton of paper61.9764.8169.01Paiculate matter emissionTon21.697.658.17Wastewater (process water)Ton10,471,573.0010,944,878.0012,171,885.00Wastewater (process water) densityTon/ton of paper66.3469.7646.02Chemical oxygen demand (COD)Ton461.96416.12487.10Chemical oxygen demand (COD) densityGram/ton of paper562.21583.93598.33Biochemical oxygen demand (BOD)Ton42.5239.9531.23Biochemical oxygen demand (BOD) densityGram/ton of paper159.77140.2998.49Scope 1: Carbon Dioxide EmissionsTon of CO2 equivalent761,316.36335,018.45227,142.90Scope 1: Carbon Dioxide Emission Intensity
Ton of CO2 equivalent/
ton of paper
3.592.121.18Scope 2: Carbon Dioxide EmissionsTon of CO2 equivalent608,818.16762,723.69870,016.38Scope 2: Carbon Dioxide Emission Intensity
Ton of CO2 equivalent/ton of paper
9.509.149.77
Environment Management
Environmental protection investmentRMB 10,0003,198.713,470.3736,166.22The annual special meeting(s) on environmentalprotection and energy conseation
Time121212The emergency response plan(s) formulated bythe subordinate of the Company and led with theenvironmental protection depament
Piece777Number of training on environmental protection Time202325Total number of participants in environmentaltraining
Person-time3,5523,9304,350The coverage ratio of environmental protectiontraining for employees
%83.7585.0085.82Annual emergency drill(s) for unexpectedenvironmental incidents
Time333Environmental penalty incidents and amountsresulting from excessive pollutant emissions orviolations
RMB 10,000000Number of unexpected environmental incidentsPiece000
IndicatorUnit202120222023
Employee Composition
Total number of employeesPerson3,8834,1615,069Number of male employeesPerson2,9003,1663,921Number of female employeesPerson9839951,148*To facilitate analysis by stakeholders, we have adjusted the statistical method for the environmental protection investment indicatorsto an annual basis and recalculated the data for 2021 and 2022. As a result, the gures for 2021 and 2022 in this table dier from thosepreviously disclosed in the sustainability repo.
Social Peormance
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Index of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
IndicatorUnit202120222023By ageBelow?25 years oldPerson53651592025 to 55 years oldPerson2,9863,4873,991Above 55 years oldPerson361159158By education backgroundMaster's degree and abovePerson335Bachelor's degreePerson140164268Junior collegePerson442546926Technical seconda school and senior high schoolPerson1,8091,9512,288Junior high school and belowPerson1,4891,4971,582By job typeProduction personnelPerson3,2663,4984,369SalesmanPerson959594TechnicianPerson260269272Financial personnelPerson222123Administrative personnelPerson799197Procurement personnelPerson293040OthersPerson132157174
Employee turnoverTotal employee turnover%10.45 10.78 10.19Male employee turnover%11.31 11.71 11.25Female employee turnover%7.79 7.70 6.36By ageTurnover of employees below 25 years old%22.21 25.90 19.58Turnover of employees aged 25 to 55%8.88 8.19 7.53Turnover of employees above 55 years old%2.43 7.02 14.13By education backgroundTurnover of those who have obtained a Master'sdegree and above
%000Turnover of those who have obtained a Bachelor'sdegree
%8.50 11.83 7.90Turnover of those who graduated from juniorcolleges
%11.78 10.05 8.68Turnover of those who graduated from technicalseconda schools and senior high schools
%7.94 7.97 6.23Turnover of those who graduated from junior highschools and below
%13.13 14.36 16.47
IndicatorUnit202120222023
By job typeTurnover of production sta%11.6112.15 11.07Salesman turnover%6.86 2.06 3.09Technician turnover%1.52 3.58 2.88Financial sta turnover%12.00 8.70 0.00Administrative personnel turnover%3.66 3.19 3.00Procurement personnel turnover%6.45 0.000.00Other turnover%3.65 15.72 8.90
Employee Training and DevelopmentNumber of employees receiving trainingPerson-time15,70515,53420,000Number of male employees receiving trainingPerson-time12,20410,00015,470Number of female employees receiving trainingPerson-time3,5015,5344,530Average training time per employeeHour242632
Labor UnionNumber of representative conferences or otherdemocratic communication meetings
Time112Employee paicipation rate%100100100Collective agreement coverage rate%100100100The labor union receives employee proposals/suggestions
Item/piece31515Implementation of employee proposals/suggestions by the labor union
Item/piece31515Number of strikes in the past three yearsPiece000
Occupational Health and Safety
Investment in safety training/educationRMB 10,000212.2622.5024.60Total number of paicipants in safety productiontraining
Person-time4,0005,6025,614Average duration of safety production training foremployees
Hour31212Safety production training coverage%100100100Safety emergency drillsTime366Total number of paicipants in the safetyemergency drill
Person-time3,0004,5124,600Number of working days lost due to work-relatedinju
Day170122100Total number of recorded accidentsTime003Number of work-related fatalitiesPerson000Propoion of number of work-related fatalities%000Investment in occupational health and safetyRMB 10,00093.93128.7097.60To ensure the safe distribution of peormancebonuses
RMB 10,00037.5045.6055.40Number of training on occupational safetyTime566551Employee health examination coverage%100100100
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Index of IndicatorsFeedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
IndicatorUnit202120222023
Supply chain managementNumber of wood pulp suppliers (ChineseMainland)
numbers288Number of wood pulp suppliers (Outside ChineseMainland)
numbers103434Total purchases of wood berTen thousand tons33.7040.0765.00Propoion of wood ber raw materials purchasedfrom third-pay ceied forests
%90100100Number of suppliers audited by the Companyduring the repoing period
numbers647Number of suppliers whose cooperation has beensuspended due to non-compliance
numbers000Number of potential suppliers rejected due tonon-compliance
numbers000
Product qualityNumber of copies of client satisfaction sueyforms distributed
Copy100100300Number of valid client satisfaction suey formscollected
Copy7684280Percentage of products sold or shipped butrecalled due to safety and quality reasons
%0.590.360.40Product conformity rate%98.8098.8799.12Total average score of client satisfactionPoint90.9991.3191.35Handling rate of client complaints%100100100
Innovation and R&D
R&D investmentRMB 10,00015,809.3810,401.6811,289.23R&D personnelPerson260269270Propoion of R&D personnel%6.706.465.33Percentage increase in R&D investment of theCompany compared to the previous year
%20.89-34.218.53Annual number of invention patents obtained bythe Company
numbers0182Annual number of invention patents declared bythe Company
numbers152025Cumulative number of invention patents owned bythe Company
numbers325052Annual number of utility model patents obtainedby the Company
numbers10127Annual number of utility model patents declaredby the Company
numbers122520Cumulative number of utility model patents ownedby the Company
numbers789085Cumulative number of national standards obtainedby the Company
numbers566Cumulative number of indust standards obtainedby the Company
numbers222Cumulative number of Zhejiang manufacturingstandards obtained by the Company
numbers667
Public Welfare and PhilanthropyInvestment in public welfare and philanthropyRMB 10,00066.05434.00183.85
IndicatorUnit202120222023
Corporate Governance
Number of board meetingsTime8118Number of supeiso board meetingsTime786Number of shareholder’s meeting Time255Number of meetings convened by the Board of Directors'Strategic Committee
Time221Number of meetings convened by the Board of Directors'Nomination Committee
Time131Number of meetings convened by the Board of Directors'Remuneration and Evaluation Committee
Time111Number of meetings convened by the Board of Directors'Audit Committee
Time435Number of meetings convened by the Board of Directors'ESG Committee *
Time——01Number of directorsperson777Number of independent directorsperson333Number of female directorsperson111Number of peormance briengsTime233Q&A response rate on the interactive platform%100100100Number of responses to investor inquiries on theinteractive platform
Time884529Number of announcements of research status ofreception organizations
Piece1584Total number of announcements disclosed through thedesignated information disclosure channel
Piece115141155
Compliance OperationNumber of training on anti-corruption and integrityTime223942Number of employees paicipating in training on anti-corruption and integrity
Person-time1,8002,5362,800Propoion of senior sta receiving training on anti-corruption/integrity
%96.2096.7096.91Propoion of mid-level sta receiving training on anti-corruption/integrity
%90.3991.5794.32Propoion of ordina sta receiving training on anti-corruption/integrity
%90.8592.1794.26Propoion of board members receiving training on anti-corruption/integrity
%57.1457.1457.14Host the themed event focused on lawfulness andcompliance
Time280319322Employee paicipation in legal and compliance trainingPerson-time2,0882,3172,523Number of internal special audit projectsTime121212Number of training on internal controlTime111Number of projects that undergo third-pay auditsTime11916Lawsuits related to corruption involving the Company orits employees
Piece000Total number of complaints and repos on corruptionreceived
Piece000Total number of complaints and repos on corruptionhandled
Piece000*ESG Committee was established in June 2022
Governance Peormance
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Feedback FormSustainability Repo 2023 of Xianhe Co., Ltd.
Repoing FrameworkGRI StandardsSASBAbout the Repo
GRI 2-2: Entities included in the organization’s sustainability repoingGRI 2-3: Repoing period, frequency and contact pointMessage from theChairman
GRI 2-22: Statement on sustainable development strategyAbout Us
GRI 2-1: Organizational details
GRI 2-6: Activities, value chain and business relationships
Sustainable DevelopmentManagement
GRI 2-12: Role of the highest governance body in overseeing the
management of impacts
GRI 2-13: Delegation of responsibility for managing impacts
GRI 2-14: Role of the highest governance body in sustainability repoing
GRI 2-22: Statement on sustainable development strategy
GRI 2-29: Approach to stakeholderengagement
GRI 3-1: Process to determine materialtopics
GRI 3-2: List of material topics
GRI 3-3: Management of material topicsEnvironment:
Green Development and Low-carbon TransformationEnvironment Management
Tackling Climate Change
GRI 302-1: Energy consumption within the organizationGRI 302-2: Energy consumption outside of the organizationGRI 302-3: Energy intensityGRI 302-4: Reduction of energy consumptionGRI 305-1: Direct (Scope 1) GHG EmissionsGRI 305-2: Energy Indirect (Scope 2) GHG EmissionsGRI 305-3: Other indirect (Scope 3) GHG EmissionsGRI 305-4: GHG Emissions IntensityGRI 305-5: Reduction of GHG emissions
RR-PP-110a.1RR-PP-130a.1
Repoing FrameworkGRI StandardsSASB
Water ResourceManagement
GRI 303-1: Interactions with water as a shared resourceGRI 303-2: Management of water discharge-related impactsGRI 303-3: Water withdrawalGRI 303-4: Water Discharge
RR-PP-140a.1RT-CP-140a.1
Pollution Prevention
GRI 305-6: Emissions of ozone-depleting substances (ODS)GRI 305-7: Nitrogen oxides (NOX), sulfur oxides (SOX), and other signicantair emissionsGRI 306-1: Waste generation and signicant waste-related impactsGRI 306-2: Management of signicant waste-related impactsGRI 306-3: Waste generatedGRI 306-4: Waste diveed from disposalGRI 306-5: Waste directed to disposal
RR-PP-120a.1RT-CP-120a.1RT-CP-150a.1
Biodiversity
GRI 101-4:
Identication of biodiversity impactsGRI 101-5:
Locations with biodiversity impactsProduct:
Quality First & Win-Win CooperationProduct Development andInnovationProduct QualityManagement
GRI 416-1: Assessment of the health and safety impacts of product andseice categoriesGRI 416-2: Incidents of non-compliance concerning the health and safetyimpacts of products and seicesGRI 417-1: Requirements for product and seice information and labeling
RT-CP-250a.1
Construction of ASustainable Supply Chain
GRI 204-1: Propoion of spending on local suppliersGRI 308-1: New suppliers that were screened using environmental criteriaGRI 308-2: Negative environmental impacts in the supply chain and actionstakenGRI 414-1: New suppliers that were screened using social criteriaGRI 414-2: Negative social impacts in the supply chain and actions taken
RR-PP-430a.1RR-PP-000.CRT-CP-410a.1RT-CP-410a.2RT-CP-430a.1RT-CP-430a.2Suppoing IndustDevelopment
Index of Indicators
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EnvironmentProductPanershipGovernanceTable of Key PeormanceIndex of Indicators
Feedback Form
Message from the ChairmanAbout UsSustainable Development ManagementSustainability Repo 2023 of Xianhe Co., Ltd.
Repoing FrameworkGRI StandardsSASBPanership: ：
People-oriented, Sharing of Results
Employee Benets andWelfare
GGRI 2-7: EmployeesGRI 2-8: Workers who are not employeesGRI 2-23: Policy commitments (human rights)GRI 2-30: Collective bargaining agreementsGRI 401-1: New employee hires and employee turnoverGRI 405-1: Diversity of governance bodies and employeesGRI 405-2: Ratio of basic sala and remuneration of women to menGRI 406-1: Incidents of discrimination and corrective actions taken
RT-CP-000.C
Employee Growth andDevelopment
GRI 404-1: Average hours of training per year per employeeGRI 404-2: Programs for upgrading employee skills and transition assistanceprogramsGRI 404-3: Percentage of employees receiving regular peormance andcareer development reviews
Employee Health andSafety
GRI 403-6: Promotion of worker healthGRI 403-7: Prevention and mitigation of occupational health and safetyimpacts directly linked by business relationshipsGRI 403-8: Workers covered by an occupational health and safetymanagement systemGRI 403-9: Work-related injuriesGRI 403-10: Work-related ill health
RT-CP-250a.1
Public Welfare andPhilanthropy
GRI 203-2: Signicant indirect economic impactsGovernance:
Pragmatic Implementation Lays A Solid Foundation
Corporate Governance
GRI 2-9: Governance structure and composition
GRI 2-11: Chair of the highest governance body
GRI 2-14: Role of the highest governance body in sustainability repoing
GRI 2-16: Communication of critical concerns
GRI 405-1: Diversity of governance bodies and employeesCompliance OperationBusiness Ethics
GRI 205-1: Operations assessed for risks related to corruption
GRI 205-2: Communication and training about anti-corruption policies and
procedures
GRI 205-3: Conrmed incidents of corruption and actions takenRisk ManagementTable of Key PeormanceIndex of IndicatorsFeedback Form
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EnvironmentProductPanershipGovernanceTable of Key PeormanceIndex of Indicators
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