Qingdao Doublestar Co., Ltd.
Sustainability ReportEnvironmental, Social and Governance Report)
1. About this Report 1
2. Message from the Chairman
4.1 Sustainable Development Concept
4.2 Sustainable Development Governance
Framework
4.3 Sustainable Development Strategy
and Planning
4.4 Sustainable Development Chronicle
4.5 Annual Honors Related to Sustainable
Development
3.1 Company Prole
3.2 Capacity Optimization and Global
3. About Doublestar 5
4. Sustainable Development
Management 7
4.6 Materiality Assessment & Screening
4.7 Stakeholder Identication and Communication
4.8 Materiality Matrix
5. National Strategic Response
5.1 Party Leadership: Strengthening the
"Roots" and Casting the "Soul"
5.2 "The Belt and Road Initiative": Global
Layout
Contents
6.Digital and Intelligent Empowerment of Corporate Governance 27
6.1 Corporate Governance
6.2 Business Ethics
6.3 Digital and Intelligent Governance
6.4 Information Security
6.5 Information Disclosure
7. Focus on Green Innovation to Address
Climate Risks
7.1 Responding to Climate Change
7.2 Environmental Compliance Management
7.3 Energy and Resource Management
7.4 Emissions and Waste Management
7.5 Cleantech Opportunities
7.6 Circular Economy
7.7 Biodiversity Conservation
8.Social Responsibility and State-OwnedEnterprise Commitment
8.1 Talent Cultivation and Development
8.2 Employee Care
8.3 Occupational Health and Safety
8.4 Product Quality Management
8.5 Innovation and Intellectual Property Protection
8.6 Customer Service and Rights
8.7 Supply Chain Management
8.8 Community Activities and Public Welfare
9.1 Environmental Performance
9.2 Social Performance
9. ESG Performance 93
9.3 Governance Performance
10. Appendix
11. Standards Glossary Index
12.Full and Short Names of Companies
13. Report Feedback
`
10.1 GRI Index
10.2 Shenzhen Stock Exchange Index
93 94
Reporting Introduction
This report mainly covers all business operations of Qingdao Doublestar Co., Ltd. and its controlled subsidiaries.The time range is from January 1,2024 to December 31,2024. Unless otherwise specified, it isconsistent with the financial report range of Qingdao Doublestar (000599.SZ). In order to enhancethe comparability and forward-looking nature of this report, some contents will be traced back toprevious years or have forward-looking descriptions. The previous report was released in March 2024.
This report complies with Chapter 7 "Other Significant Matters That Should Be Disclosed" of the "ShenzhenStock Exchange Listing Rules" and is prepared in accordance with "Shenzhen Stock Exchange ListedCompany Self-Discipline Guide No. 17 - Sustainable Development Report (Trial)" and "Shenzhen StockExchange Listed Company Self-Discipline Guide No.3 - Preparation of Sustainable Development Report".We also refer to the GRI Sustainability Reporting Standards (GRI Standards) issued by the Global SustainabilityStandards Board (GSSB), the International Financial Reporting Sustainability Disclosure Standard No.2 - Climate-relatedRequirements for Disclosure of Sustainability-related Financial Information (IFRS S2) issued by the International FinancialReporting Standards Foundation (IFRS Foundation), and the industry-based climate-related disclosure implementationguidelines - automotive parts industry standards, and the Chinese Academy of Social Sciences' "Guidelines forSustainable Development Reporting for Chinese Enterprises (CASS-ESG 6.0)" and other standards and guidelines toassist in determining the content of the report, systematically integrate relevant key guidelines and standard requirements,respond to the expectations and demands of stakeholders, and highlight industry and company characteristics.
Importance
AccuracyThe company identifies important ESG issuesthrough substantive issues related to operations thatare of concern to stakeholders. This report takesinto account the characteristics of the company'sbusiness and the industry it operates in, andcombines the concerns of various stakeholders. Thedetailed analysis process and results can be foundin the "Substantive Issues Management" section.
This report is as accurate as possible. The Boardof Directors guarantees the contents of the reportand confirms that there are no false records,misleading statements or major omissions.
BalanceThis report presents objective facts truthfully anddiscloses both positive and negative informationof the company fairly. During the reportingperiod, the company did not have any negativesituations that should have been disclosed butwere not disclosed and caused significant impact.
ClarityThis report is available in both Chinese and Englishversions and can be found on the company's websiteand the Shenzhen Stock Exchange website. If thereis any ambiguity or conflict between the Chinese andEnglish versions, the Chinese version shall prevail. Thisreport includes tables, model diagrams, and professionalterminology tables to assist in the explanation. Tofacilitate stakeholders to obtain relevant informationmore quickly, this report provides a directory and anindex table of benchmarking of ESG-related standards.
ComparabilityThis report discloses the ESG quantitative performanceindicators during the reporting period, and disclosesthe corresponding historical data, relevant standards,methods, assumptions and conversion factors asmuch as possible. This report maintains the samestatistical and disclosure methods for the sameindicator in different reporting periods; if there arechanges in the statistical and disclosure methods,they will be fully explained in the notes to the reportto facilitate analysis and evaluation by stakeholders.
Completeness
Unless otherwise specified, the scope ofdisclosure in this report is consistent withthat of the Company's financial statements.
TimelinessThis report is an annual report and will be publishedsimultaneously with the company's 2024 annual reportto provide timely information reference for stakeholders'decision-making.
VeriabilityThe cases and data in this report are all derived fromthe company's actual operation official records orfinancial reports, and can all be traced and verified.The data and cases used in this report are all from the o?cial records of the company's actual operations and have beenreviewed and annotated by the board of directors.All currencies and amounts involved in this report are measured in RMB.
Contact number: 0532-67710729Email: gqb@doublestar.com.cnMailing address: No. 666, Lianghe Road, Huangdao District, Qingdao City, Shandong ProvincePostal code: 266000
This report is the second sustainability and ESG(Environmental, Social and Governance (ESG) report released byQingdao Doublestar Co., Ltd. (hereinafter referred to as "Qingdao Doublestar", "the Company" or "we"), which aimsto fully and transparently disclose to stakeholders the company's strategic layout, governance system, managementmodel and identification, assessment and management of key issues in the field of sustainable development.This report systematically demonstrates how the company addresses ESG-related risks and opportunities. Itelaborates on core initiatives, implementation progress, and actual results in the area of environmental, societyand governance (ESG) to support the company’s sustainable growth and meet the expectations of stakeholders.
Reporting Scope
Reporting Basis
Data Description
Principles of Preparation
Reporting Release
this Reportthis Report
AppendixEnvironmentalSocialGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAboutthe ChairmanMessage fromAbout About
the Chairmanthe Chairman
AppendixEnvironmentalSocialGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAbout Message from About Message fromthis Report
Message from the Chairman
Innovation drives and leads the industry standards.R&D innovation is the key for enterprises to maintain competitive advantages and achievesustainable development. Qingdao Doublestar aims to meet user needs, integrateglobal technical resources, establish an innovative, open and interactive R&D platform,continuously increase product structure adjustment and R&D investment, and form atechnical system covering the entire process of product R&D, manufacturing, and testingwith the product strategy of "high-end + high added value + high di?erentiation".In 2024, we will continue to increase our R&D investment and deeply strengthen our R&Dcapabilities.Amongthem,thedesign,developmentandindustrializationprojectofbio-basedgreenlow-carbontireswasselectedasanationalkeyresearchprojectin2024,andthe"RareEarthGold"lowrollingresistanceandhighwear-resistanttireprojectwonthe "Second Prize of Science and Technology Award" in the rubber industry of ShandongProvince.The"Safort"seriesofsafetynoisereductiontireprojectswonthesecondprizeofthenationalGoldenBridgeAward.Inaddition,Lunyun Design and ResearchInstitute has also won the national "Top Ten Design Innovation Platform" and otherhonoraryawards. The "MAXIMUM ALL SEASON" product and the "SAFORT EV"product successfully won the "iFDesignAward"design award,which fully demonstrated thecompany's product innovation and design capabilities. In 2024, Qingdao Doublestar added 83 authorized patents, 105 new patent applications and a total of 704 patentshave been authorizedand. Participated in the formulation of 8 new standards, including 3national standards and 5 group standards.People-oriented, gathering development synergy.Wearecommittedtocreatingavibrantandinclusivecorporateculture,gatheringtalentsfrom all over the world in various elds, forming a diverse and equal working atmosphere,respectingandgivingfullplaytothecharacteristicsofeachemployee,fullytappingtheirpotential,andjointlypromotingthedevelopmentofthecompany.Wehaveestablishedacomplete talent assessment mechanism to achieve all-round assessment and recognitionof talents. According to di?erent job levels, di?erent job sequences and di?erent employeeneeds,wehaveestablishedthreetypesofverticaltraininganddevelopmentchannels:
management channel, professional channel and technician channel, and carried out "three-forcetraining"ofcompetence,improvementabilityandinnovationabilitytoensurethateach employee receives personalized training courses suitable for their own needs, helpingemployees realize their self-worth.Wepracticetheconceptof“employeesasfamily”,payattentiontoemployeecare,andcoverall thefamiliesofemployeesindifficulties;wehaveestablisheda"digitalcraftsman"trainingsystem,andthetrainingcover all front-lineemployees.In addition,QingdaoDoublestarachievedzeromajorsafetyaccidentsthroughouttheyearandwasselectedasthe"QingdaoCityIndustrialandTradeIndustrySafetyStandardizationBenchmark Enterprise".Responsible supply chain, enabling ecological win-win.We promote the coordinated development of upstream and downstream supply chainsand achieve ecological win-win through systematic sustainable management mechanismsand green procurement practices. In terms of supplier management, we have built a fulllife cycle management system covering introduction, evaluation, and assessment. We givepriority to partners with green production concepts and environmental certications, ensurethat all new suppliers past the environmental protection test pass, and strengthenenvironmental compliance through tiered management of suppliers. At the same time,we regularly conduct green supply chain training, cover the concept of carbon neutralityand rely on monthly performance evaluation and rectification mechanisms tocontinuously optimize the supplier ecosystem.
Chairman's Speech: Driving a Sustainable Future with Green Tires
In the eld of green procurement, we are guided by the circular economy to reduceresource consumption and carbon emissions; through sharing pallets and "trading oldfor new" of waste tires, we build a closed-loop resource system to reduce theenvironmental impact of the entire life cycle. We strictly follow international standards,require suppliers to provide EU-approved environmental testing reports, and include theuse of recyclable materials and energy e?ciency improvements in the assessment topromote the green transformation of the supply chain.Through responsible supply chain management, the company not only achievescollaborative growth with suppliers, but also empowers the sustainable development of theindustrial chain with green practices, injecting long-term momentum into ecological win-win.Standing at a new starting point, we will embark on a new journey into the future with the"three forces".
Green innovation.We have launched our first sustainable concept tire product, withsustainable materials accounting for more than 70% of the tire. In 2025, we will continueto develop tires made of sustainable materials and continue to increase the proportion ofsustainable materials used in our products.Green synergy.We will continue to deepen cooperation with leading automakers suchas FAW, BAIC, and Sinotruk to jointly build a global zero-carbon supply chain alliance.Green safety force.We will launch the “Safety Wheel Initiative”, focusing on "rareearth gold" tires—a proprietary technology that enhances tire performance through theuse of rare earth elements—striving to become the first brand of special tires; focusingon full explosion-proof & EV tires, striving to become the rst brand of safe and energy-saving tires. Together with leading logistics and transportation partners, we will providecustomized tire solutions for logistics eets in remote areas, reduce operating costs, andprotect the "last mile" of travel.ESG is Qingdao Doublestar's commitment to keep pace with the times. We are well awarethat only by integrating green genes into the corporate blood can we move forward steadilyin the global industrial transformation. In the future, Qingdao Doublestar is willing to be the"green wheel", using tires as a link to connect China's smart manufacturing with the globalsustainable travel vision, so that every step forward carries respect for the earth, and everymileage writes the future of the industry.
Green smart manufacturing, laying a solid foundation for low carbon.
Wereconstructtheproductionlogicthrough"fulllifecyclemanagement(FLM)"toachieve low carbon, circular and intelligent from source to terminal. Based on the deepintegration design of information technology and automation technology, we have madelong-termstrategicplanningforenergysavingandconsumptionreductionstrategies,and have broken down and implemented specic measures year by year based on thisplan. By nely managing energy consumption, improving resource utilization e?ciency,promotingtheuseofcleanenergy,andadvocatingtheconceptofgreenoffice,wecontinuetocreateagreenandlow-carbonoperationmechanismandpromotegreendevelopment transformation.Weactivelyintegratenewenergytechnologies,vigorouslydevelopandutilizecleanenergy,introducerooftopsolarphotovoltaicpowergenerationsystemsforproductionand o?ce use, increase the proportion of green energy, and accelerate the constructionofaclean,low-carbon,safeandefficientenergystructuresystem.Atpresent,theDongjiakouplanthasachievedfullcoverageofphotovoltaicpowergeneration,and the photovoltaic power generation project at the Shiyan base and Cambodiabase is also being promoted and implemented.Weutilizeenergy-savingequipmentsuchashigh-efficiencymotors,frequencyconversiontechnology,andwasteheatrecoverysystemstoreduceproductionenergyconsumption. We use intelligent energy management systems to monitor and optimizeenergyefficiencyinrealtime.Webuildawaterreusesystemtotreatproductionwastewaterforcooling,cleaning,andotherprocesses,significantlyreducingenergyconsumption per unit product.Wecollaboratewith DoubleStar Ecostar Holdings Limited,focusingonthegreenecologicalrecyclingofwastetires,expandingtheindustrialchainfromthetradition-alR&Dandmanufacturingeldstothefulllifecyclemanagementofrecyclingandrecycling,andcarefully cultivating the rubber tire circular economy industrial chain. Through pyrolysis technology,wastetiresarecompletelytransformedintohigh-valueproducts,andtherst domestic "tire-recycled rubber-new tire" full-chain recycling system has been built, trulyrealizingthe"completeresourceutilization"and"zerowaste"ofwastetires,andhighlightingthe"zeropollution,zeroresidue,zeroemission,fullutilization"conceptin
Dear shareholders, partners, employees and friends from all walks of life:
2025 is a year in which global economic recovery and industrial transformation areintertwined, and it is also a key year for China's tire industry to move towards high-quality development. Faced with a complex and changing market environment, theurgent requirements of carbon neutrality goals, and the upgrading of consumer demandfor green products, Qingdao Doublestar Co., Ltd. (hereinafter referred to as QingdaoDoublestar) has always taken "making every kilometer of driving safer and lowercarbon" as its mission, integrating the ESG concept into the core of corporate strategy,seizing opportunities in challenges, and achieving breakthroughs in innovation.The tire industry is undergoing a dual transformation: on the one hand, the globalenergy transition is accelerating the demand for new energy vehicle accessories, andlightweight and low rolling resistance tires have become the focus of technologicalcompetition; on the other hand, policies such as the EU's "carbon tariff" and the US"Ination Reduction Act" have forced the entire industry chain to upgrade to green. Weare well aware that tires, as the "contact point" between vehicles and roads, are notonly related to tra?c safety, but also bear the industry's responsibility to reduce carbonemissions and protect the ecological environment. Against this background, QingdaoDoublestar has driven the industry from "black pollution" to "green resources" throughgreen manufacturing, circular economy and other multi-round drives, contributing
Qingdao Doublestar Co.,Ltd.Chairman Chai Yongsen
Chinese solutions to the low-carbonization of global transportation.
the waste tire processing process.
AppendixEnvironmentalSocialGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarDoublestarAbout AboutMessage fromthe ChairmanAboutthis Report
About Doublestar
Company ProleAs a state-owned listed company on the main board, Qingdao Doublestar takes party building as the guide and aims forhigh-quality development. It actively practices the "New Four Modernizations" strategy of Doublestar Group, whichincludes "ecologicalization," "high-tech," "localization," and "digitalization." It focuses on two main lines: businessimprovement and innovation breakthroughs. Through channel structure adjustment and product structure adjustment, itincreases the sales proportion of high value-added products.Since 2014, through smart transformation, DoubleStar has closed all old factories, eliminated all backward productioncapacity, built a full process "Industry 4.0" intelligent chemical plant and global R&D center in the global tire industry, andbuilt an industrial Internet ecosystem of "R&D 4.0"+"Industry 4.0"+"Service 4.0". It has been awarded "TechnologicalInnovation", "Quality Benchmark", "Intelligent Manufacturing", "Green Manufacturing", "Brand Cultivation", "ServiceTransformation" and other pilot demonstration enterprises by the Ministry of Industry and Information Technology. TheDoubleStar Tire brand has won honors such as "Top 500 Asian Brands" for consecutive years.
DoubleStar has three major production bases in Qingdao,Shiyan and Cambodia, mainly producing passenger tires, truck tires, and giant mining tires. It has well-known tire brands such as NEWBUSTAR, DoubleSTAR, DONGFENG,CROSSLEDER, KUMKANG, KINBLI, AOSEN, etc. Its "fully explosion-proof" safety tires, high-end new energy vehicle Evtires, ultra wear-resistant tires, fire-resistant tires, and giant mining tires have core patented technologies. The goal ofDoubleStar Passenger Tires is to create the first brand of safety tires, while the goal of Ka Ke Tires is to create the firstbrand of specialized tires and become a professional service provider for beautiful travel solutions..
——leader in intelligent manufacturing of China’s tire industry
Capacity Optimization and Global Strategic Layout
Company NameCompany Name：：
青岛双星股份有限公司Qingdao Doublestar Co.,Ltd.
Year of establishmentYear of establishment：：
1996
Registered AddressRegistered Address：：
No. 666 Lianghe Road, HuangdaoDistrict, Qingdaostock codestock code：：
000599.SZ（Main Board of theShenzhen Stock Exchange）Business NetworkBusiness Network：：
Covers more than 180 countries andregions, including Europe, America,Africa, Southeast Asia, and the MiddleEast.
Principal ProductsPrincipal Products：：
Full-steel radial tires, semi-steelradial tires, engineering tires, etc.
Operating Revenue：
Total AssetsOperating Revenue：
4.336 billion yuan
Total Assets：：
9.116 billion yuan
Doublestar tire "Industry 4.0" plantDuring the reporting period, Qingdao Doublestar, based on its strategic objectives and sustainable development plan,optimized and adjusted its domestic production capacity layout. In the third quarter of 2024, the company completedthe public transfer of state-owned equity in Guangrao Jixing Tire Co., Ltd. (i.e., Dongying plant) through a public listing process.In addition, the company actively responded to China's Belt and Road Initiative by expanding its market presenceand making overseas investments. These e?orts have promoted the development of China's tire industry in overseasmarkets. Qingdao Doublestar Tire Industry Co., Ltd., a controlled subsidiary of the company, jointly established a jointventure, Doublestar (Cambodia) Tire Co., Ltd., with UBE DEVELOPMENT Co., Ltd. in Cambodia. The factory andvarious supporting infrastructures have been completed and o?cially commenced production in September 2024. Thisinitiative aims to create a new prot growth point for the company and rapidly enhance its protability.The company intends to issue shares and make cash payments to acquire assets, while also raising supporting funds.This transaction is designed to enable Qingdao Doublestar to indirectly hold 45% of the shares in Kumho Tire Co., Inc.,thereby gaining control over Kumho Tire. Upon completion of this transaction, Kumho Tire will become a controlledsubsidiary of the company. Both parties will achieve complementary strengths and realize synergies across variousdimensions. The company will evolve into a specialized listed platform dedicated to tire research and development,production, and sales. This strategic move is expected to further enhance the company's overall business scale andmarket competitiveness, and elevate the competitive standing of Chinese tire enterprises in the global marketplace.
Sustainable Development
Sustainable Development ConceptQingdao Doublestar has always adhered to the core concept of "innovation-led, green development, and co-creatingvalue", and is committed to becoming a world-leading tire company. Under the leadership of the Party, the companyactively implements the country's "dual carbon" strategy and the principle that "Clear waters and lush mountains areinvaluable assets". It integrates the concept of sustainability into daily operations and decision-making.
By building an industrial Internet ecosystem of "R&D 4.0 + Industry 4.0 + Service 4.0", weactively promote the innovation of green production and service models, optimize the industrialstructure, improve energy efficiency, and promote an environmental friendly office culture. Thecompany strives to create green management of the entire life cycle from tire R&D, production andmanufacturing to the recycling of waste tires, focusing on technological innovation and launchinghigh-performance, environmentally friendly tire products to meet market demand.At the same time, Qingdao Doublestar attaches importance to the diversified development ofemployees, pursues win-win results for customers, common prosperity for the supply chain, andco-construction of communities, and strives to achieve a win-win situation between economic andsocial benets, creating lasting prosperity for the enterprise and society.
The company has established a sound governance framework, strategic objectives and riskmanagement system, strengthened communication and cooperation with stakeholders, and minimizedenvironmental impact and gave back to society while achieving economic benets.
Sustainable Development Governance Framework
The board of directors has established a Sustainable Development Committee, which consists of no fewer than threedirectors. Members are nominated by the chairman, more than half of the independent directors, or one-third of alldirectors, and are elected by the board of directors. The Sustainable Development Committee has one director (convener)who is responsible for chairing the committee's work; the director is elected by the board of directors from among thecommittee members.Under the leadership of the company's board of directors, the Sustainable Development Committee convenes meetingsirregularly as needed to discuss the company's ESG strategic planning and the current status of ESG managementimplementation, with various functional departments participating and taking targeted measures. The company hasestablished a special project team to undertake key carbon-neutral projects, and team members are entitled to projectincentives based on the completion of the projects. In addition, all management positions in the company undertakesafety target responsibilities, which are linked to the compensation of senior executive.
Relevant departments also consistently implement the ESG concept in daily production and service processes, adheringto principles such as energy saving, consumption reduction, and green innovation. They manage the entire productlifecycle, continuously improve production efficiency, and introduce innovative eco-friendly products. They enhanceproduct quality and customer service, and when necessary, report progress and outcomes to management and the boardthrough internal emails, systems, and meetings. The company summarizes the ESG implementation annually, compilesthe "Annual Sustainable Development and Environmental, Social, and Governance (ESG) Report," and submits it to theboard for nal review.
AppendixEnvironmentalSocialGovernanceResponseNational Strategic
ManagementManagementSustainable Development Sustainable DevelopmentDoublestarAboutMessage fromthe Chairmanthis ReportAbout
Sustainable Development Strategy and Planning
? Short term: By 2028, carbon emission intensity will be reduced by 5% compared to 2023.? Medium term: By 2035, carbon emissions intensity will be reduced by 10% comparedto 2023, and achieve carbon peak in 2030.
? Short term: By 2028, energy consumption intensity will be reduced by 5% compared with
? Long term: By 2050, carbon emission intensity will be reduced by 50% compared with 2023, and we will gradually move towards the goal of carbon neutrality.
2023 ; the proportion of electricity consumption from clean energy will reach 20%.? Medium term: By 2035, energy intensity will be reduced by 10% compared to 2023; theproportion of electricity from clean energy will reach 30%.
? Short term: By 2028, carbon emission intensity will be reduced by 4% compared to
? Long term: By 2050, energy consumption intensity will be reduced by 20% compared with2023;the proportion of electricity consumption from clean energy will continue to increase.
2023.? Medium term: By 2035, carbon emissions intensity will be reduced by 8% compared to2023, and achieve carbon peak in 2030.? Long term: By 2050, carbon emission intensity will be reduced by 10% compared with2023, and we will gradually move towards the goal of carbon neutrality.
? Short term: Ensure all emissions meet national and local environmental standards; By
? Mid-term: In 2035, purchases of pyrolysis carbon black and recycled rubber will? Short term: In 2028, purchases of pyrolysis carbon black and recycled rubber willaccount for 30%.account for 40%.? Long term: In 2050, purchases of pyrolysis carbon black and recycled rubber willaccount for 50%.
2028, the wastewater and waste gas emissions will be reduced to 5% decrease in 2023.? Mid-term : By 2035, wastewater and waste gas emissions will be reduced by 15%compared to 2023;? Long term: By 2050, establish zero-emission or low-carbon emission production linesand fully realize green production.
√ Establish a climate change response and management team.
√ Carry out special actions to respond to climate change.
√ Conduct scenario analysis for the rubber industry under 7
di?erent climates.
√ Completed the carbon footprint verication of the rst product
，
added basic research work.
√ Dongjiakou base has achieved 100% rooftop photovoltaic
coverage, and photovoltaic electricity accounts for 18.24%.In 2024, reactive power compensation devices are added.
√ The photovoltaic power consumption of Shiyan Base accounts
for 12.90%. The second phase of photovoltaic project is underplanning.
√ The Cambodia plant photovoltaic project is under
implementation.
√ Energy storage projects are being planned and implemented.
√ Doublestar launched its rst PCR (passenger car radial tire),
TBR (Meridian Card Sustainable concept tire products (such astires) use more than 70% sustainable materials.
√ Launched the new energy upgraded iterative product
EXTREME EV 97.
√ Innovations have been made in tire design for new energy bus
tires to improve safety.
√ “Rare Earth Gold" the low rolling resistance and high wear-
resistant tire won the second prize.
√ Establish an Environmental Protection Working Committee.
√ The company focused on optimizing and updating the
"Regulations on the Management of Hazardous Waste Discharge
√ In 2024, purchases of pyrolysis carbon black and recycled
rubber accounted for 20%.
√ In 2024, the company's waste tire recycling already saved
1.3477 million yuan. The recycling rate of waste tires in storage
has reached 100%.
" to make the relevant job responsibilities clearer.
Promoting carbon reduction:Promoting carbon reduction:
Build and improve the carbonfootprint management system andcomprehensively evaluateAssess andmanage carbon emissions during theproduct life cycle.
Optimize production process and Optimize production process andupgrade equipment:upgrade equipment:
Relying on energy monitoring andanalysis system to achieve refinementenergy management, optimization ofproduction processes and technologiesto efficiently utilize resources andreduce waste, develop and apply solarand other clean energy and energystorage projects.Accelerate green technology and Accelerate green technology andproduct R&D innovation:product R&D innovation:
Optimize low rolling resistance,low noise, wear resistance anddurabilityproduct performance, developspecial tires for new energy vehicles,etc.Special tires for environmentalprotection accelerate the developmentof new sustainableDevelopment,storage and application of materials.Promoting circular economy practices:Promoting circular economy practices:
Strengthen tires life cycle management,waste tire storage, recycling and reusemechanism to improve the recyclingrate of waste tires.
Intelligent waste monitoring and Intelligent waste monitoring andcompliance management:compliance management:
Implement waste classication, sourcereduction, recycling and processimprovement, combined with intelligentmonitoring system in real time.
Respondingto ClimateChange
Carbonemissionintensity
Energy andResourceManagement
Energy intensity
Cleantechopportunities
Percentage
Percentage of
sustainablematerials sourced
of
sustainable
materials
CircularEconomy
Emissionsand WasteManagement
Wastewaterand gas
emissions
Environmental:
To achievethe “CarbonPeaking, CarbonNeutrality”goals,Towards green, low-carbon and circulardevelopment
EESustainability PlanSustainability Plan Progress During The Reporting Period Progress During The Reporting PeriodTargetTargetIssuesIssuesMetricsMetrics
AppendixEnvironmentalSocialGovernanceResponseNational Strategic
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1112
AppendixEnvironmentalSocialGovernanceResponseNational StrategicManagementManagementSustainable Development Sustainable DevelopmentDoublestar
AboutMessage fromthe Chairmanthis ReportAbout
? Short term: By 2028, energy consumption intensity will be reduced by 5%compared with 2023 ; the proportion of electricity consumption from clean energywill reach 20%.? Medium term: By 2035, energy intensity will be reduced by 10% compared to2023; the proportion of electricity from clean energy will reach 30%.? Long term: By 2050, energy consumption intensity will be reduced by 12%compared with 2023;the proportion of electricity consumption from clean energywill continue to increase.? Maintain 100% employee physical examination coverage.? Short term, By 2030, increase the average employee satisfaction to above 97points.? Medium to long term: gradually improve average employee satisfaction.? Short term: By 2030, 100% coverage of occupational health managementsystem certication will be achieved in all bases.? Medium to long term: Maintain 100% coverage of the occupational healthmanagement system certication.? Short term: By 2030, the average training time per person will be increased to more than 70 hours.? Medium to long term: Increase the average training time per person to more than 100 hours.? Maintain R&D investment at 4%.? Short term: By 2030 , improve customer satisfaction to 99.5 points? Medium to long term: Maintain and gradually improve? Short term: By 2030, all bases will have passed ISO 9001 :2015 qualitymanagement system and IATF 16949:2016 automotive industry quality management system certication.? Medium to long term: Regularly update and maintain ISO 9001:2015 qualitymanagement system and IATF 16949:2016 at all bases The automotive industry quality management system certication is 100% valid.
? Suppliers of key raw materials ( except rubber) The ISO 14001certication pass rate is 98%. The annual assessment rate of the ISO 9001/ TS 16949 system for raw material suppliers is 100%.
? The average satisfaction rate has reached 95.79 points and continues to improve .? Finish.
? Dongjiakou and Shiyan plant have passed ISO 45001 OccupationalHealth and Safety Management System Certication, Cambodia Base Under construction.? Carry out employee training in corporate culture, environmentalprotection, occupational health, production safety , professional ability, etc.The average training time is 65.5 hours.
?? During the reporting period, R&D investment accounted for 4.33%, target achieved.
Customer satisfaction has reached 98.9 points and is steadily improving.? The company's Dongjiakou base and Cambodia tire factory havepassed ISO 9001:2015 quality management system certication.? The factory in Shanghai and Shiyan base factory have passed IATF16949:2016 automotive industry quality management system
Supply chain win-win:Supply chain win-win:
Continue to develop a globalfull-process digital procurementplatform as the main supplychain Mobilize upstream anddownstream collaboration to
People-oriented:People-oriented:
By tapping employees'potential and strengtheningpersonal skills training,timely update trainingsystem, improve employeeefficiency, and provideindustry-competitive salaries.Promote the all-rounddevelopment of employees.
Product and Service Liability:Product and Service Liability:
Continuously optimize the R&Dsystem, improve customizedR&D services, and integratequality assurance fault andproduction system to provide
Supply ChainManagement
Raw MaterialSuppliers,ISO 9001/ TS16949Employee PhysicalExaminationCoverageEmployeeCare
OccupationalHealth andSafety
OccupationalHealthManagementTypes andDuration ofEmployeeTrainingTalentCultivationandDevelopmentInnovation andIntellectual PropertyProtection
AverageEmployeeSatisfaction
R&D InvestmentRatio
ProductQualityManagement
QualityManagementSystemCertication
CustomerSatisfactionCustomer Serviceand Rights
SS Progress During The Reporting Period Progress During The Reporting PeriodTargetTargetIssuesIssuesMetricsMetrics
Sustainability PlanSustainability Plan
Social:
1. Become a more
attractive talentGravitational Enterprise
2. Product rst,
innovation rst Leadingthe industry with quality
3. Build a responsible
supply chain,Assume chain leaderresponsibility
? Conduct internal control self-evaluation on an annual basis to ensure that there are no major deciencies in internal control.
Strengthening Corporate Strengthening CorporateGovernance and Operations:Governance and Operations:
Build a governance systemintegrating rule of law, risk,compliance and internal control.Build a comprehensive riskmanagement mechanism andestablish overseas policy billsto deal with Group to provideall-round support for overseasbusiness development.Promoting the Company's Promoting the Company'sDigital Management:Digital Management:
Comprehensively build a digitalmanagement and controlsystem, open up businesssystem interfaces, andstrengthen Data governanceand reuse accelerate theenhancement of digital value.
? The incidence rate of information security incidents is 0.
? An internal control e?ectiveness evaluation was conducted on thirteenmajor businesses and matters of operation and management. ? No internal control major deciencies.
? No information security incidents occurred during the reporting period, and the goal has been achieved.
GovernanceCorporate
Number
of majordeciencies
in internal
control
informationNumber of
security
incidentGovernanceDigitalInformationSecurity
IssuesIssuesMetricsMetricsSustainability PlanSustainability Plan Progress During The Reporting Period Progress During The Reporting PeriodTargetTargetGG
Governanance:
Strengtheninggovernance structure andimproving protability
1314
Sustainable Development Chronicle
?
?Doublestar was
established
Qingdao Doublestar(000599.SZ) is listed onthe Shenzhen StockExchange
?The global tire industry's full
?Start closing old factories andphasing out outdated productioncapacity
-process "Industry 4.0" intelligentfactory builds an industrial Internetecosystem of "R&D 4.0" + "Industry
4.0" + "Service 4.0"
?Awarded as a pilot demonstrationenterprise for the entire industrialchain of "Green Manufacturing","Green Products" and "Green
?
Supply Chain" and so on
Won the title of"ShandongProvinceAdvancedEnergy SavingUnit"
The first year of ESG reportingEstablish a sustainable?development committee, build asustainable developmentmanagement system, and elevateESG management to thecompany's strategic levelSelected into the first batch of
?
?digital economy "Morning Star?Factory" cultivation list ofShandong ProvinceSelected as a 2022 petrochemicalindustry energy efficiency "leader"list
?192119962014
2018
2023
??
?
Establishment ofEnvironmental ProtectionCommitteeCarry out special actions toclimate changeCompleted the carbonfootprint verification of the first product
?
2024
2016?Dongfengold plant
relocated to anenvironmentally friendlylocation and built anIndustry 4.0 smart factory?Recognized by China TireRecycling Association asa standing director unit ofthe 7th Council
2020
Selected into thelist of green supplychain management?companies.?5 tire products wereDesign Products ” .selected as “ Green
2022?Benchmark Factory" by"Industrial InternetDoublestarwas rated asShandong Provincial?Department of Industry andInformation TechnologyDoublestar Tire was named"Shandong ProvinceChemical IndustryIntelligent TransformationBenchmarking Enterprise"
AppendixEnvironmentalSocialGovernanceResponseNational Strategic
ManagementManagementSustainable Development Sustainable DevelopmentDoublestar
AboutAboutMessage fromthe Chairmanthis Report
2017
In September 2024, theCambodian factoryofficially start production.
1516
Qingdao Social Responsibility Model Enterprise Certicate
Truck Driver Recommended Public Welfare Brand
The Asia’s 500 most inuential bands
2024 C-BPI the Top Brand in Chinese Domestic Automotive Tire Industry
Annual Honors Related toSustainable Development
Number Title or Award Department
Shandong ProvincialDepartment of Industry andShandong Province Digital Economy Industry
Innovation Center
Information Technology
Shandong ProvincialDepartment of Industry and2024 Shandong Province Enterprise Technology
Innovation Project Plan (First Batch)
Information Technology
Shandong ProvincialDepartment of Industry and 2024 "Shandong Manufacturing ·Qilu Boutique"Information Technology
Qingdao EnterpriseConfederation, QingdaoEntrepreneurs Association, Qingdao Social Responsibility Model EnterpriseQingdao Industrial
Economy Federation 5
GTruck Driver Recommended Charity Brand
olden Summit Organizing
Committee
Global Automotive Supply Chain Eco-Partner Award -
ESG Eco-
Partner Award
China Automotive News
2024 C-BPI the Top Brand in Chinese Domestic
Automotive Tire Industry
Chnbrand
8 WThe Asia’s 500 most influential brandsorld Brand Lab
AppendixEnvironmentalSocialGovernanceResponseNational StrategicManagementManagementSustainable Development Sustainable DevelopmentDoublestar
AboutAboutMessage fromthe Chairmanthis Report
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Materiality Assessment & Screening
Analyze the company’s business background, external environment (such as policies, industry trends) and afected stakeholders, and establish
(1)Screening of substantive issues:
a list of issues.
By investigating the opinions of internal and external stakeholders, we identify potential important issues, consider their risks and opportunities and classify them, assess the importance of the issues and rank them. After assessing the impact, risks and opportunities of each issue, we integrate the impact and fnancial importance results. Finally, we screened out 11 highly important issues, 8 moderately important issues and 2generally important issues, and ranked the material issues in terms of importance to the company's sustainable development and importance t
(2)Materiality assessment and ranking:
o stakeholders.Based on the order of importance, a substantive topic matrix is formed to refect the importance of each topic to internal and externalstakeholders. Based on the substantive topics, the Board of Directors and the Sustainable Development Committee have resolved to determinethe key description scope of this report. This report elaborates on the above topics one by one, summarizes Qingdao Doublestar's relevant
(3)Topic matrix and reporting scope:
initiatives and achievements in 2024, and proposes business objectives and implementation measures.
The company follows the latest requirementsof the Shenzhen Stock Exchange Guidelines,GRI, IFRS S2 automotive parts industrystandards and CASS-ESG 6.0, anddetermines the substantive topics of theannual sustainable development report basedon previous topic research and incombination with its own businesscharacteristics and stakeholders' concerns.
Step 1: Create a list of topicsStep3:IssuereportStep 2: Assessment and confirmationof the importance of the topicIdentifying ESG management
trends
Overall industry situation
Business Activities
Topic Classification
Stakeholder Communication
On-site interview
On-site research
Expert opinion
11 Highly important issues
2 general important topics
Formed an ESG topicdatabase containing 41
issue
8Moderatelyimportantissues
s
Approved by the Board ofDirectors and theSustainability Committee
AppendixEnvironmentalSocialGovernanceResponseNational StrategicManagementManagementSustainable Development Sustainable DevelopmentDoublestarAboutAboutMessage fromthe Chairmanthis Report
1920
Stakeholder Identication and Communication
Stakeholders
Representativesof stakeholders
Topics ofconcern
methods andchannels
Investor
Sta?
CustomerSupplier
Cooperativepartner
Government andother regulatoryagenciesShareholders and potential
communityPublic and
investors of the company
Union memberrepresentatives, employeerepresentatives, and
Domestic and foreignautomobile manufacturers,representatives of otherworkers serving the company
automobile supporting
Suppliers of core rawmaterials such as naturalservice providers
rubber, synthetic rubber, steelcord, and carbon black.
Industry associations,chambers of commerce,partner universities, andagents in the country/regionwhere the operation is located
The country/local governmentwhere the operation islocated, and the ShenzhenStock Exchange
Non governmentalorganizations, charitableorganizations, socialorganizations, mainstream
media?Corporate Governance?Business Ethics?Information Disclosure
?
Property Protection
Information Security?Talent Development andTraining?Innovation and Intellectual
?
Employee Care?
Diversity and Inclusion
?Product Quality
?
Occupational Health and
Safety
Management?Supply ChainManagement
?Innovation and Intellectual
?
Customer Service and
Rights
Property Protection?Product Quality Management?Supply Chain Management?Information Security
?Innovation and Intellectual
?
Occupational Health and
Safety
Property Protection
?Products
Corporate Governance
?Business Ethics?Quality Management of
?Information Security
?Information Disclosure
?Environmental
?Responding to Climate
Compliance Management
?Biodiversity Conservation
ChangeEnvironmental Compliance?Management?Energy and ResourceManagementEmissions and Waste?Management?Opportunities in CleanTechnology?Biodiversity Conservation?Community Activities andPhilanthropy?Labor Union and Sta?Representative Assembly?Employee Activities?Employee Training?Employee Assessmentand Promotion?Internal CommunicationPlatform?Occupational HealthMonitoring
?Customer Satisfaction
?Safety Emergency Drills
Surveys
?Supplier Assessment and?Routine CustomerReviews, Visits, andCommunication viaPhone/Email
Evaluation?Supplier Training?Daily Feedback viaCommunication
?
Phone Communication
Shareholders' Meeting?Financial Reports andAnnouncements?Investor Hotline?Roadshows?Earnings Presentations
?Daily Exchanges and
?
Online Group Reception
Day for Investors
Visits?Meetings and Activities ofStandard Policy-RelatedAssociations and WorkingGroups
?
?
Strategic Cooperation
Projects
Government Meetings?Institutional Inspections?Information Disclosure
?Public Welfare and?
Regular Reporting and
Communication
Charity Activities?Community ActivitySupport?Energy Saving andEmission ReductionProjects?Information Disclosure
AppendixEnvironmentalSocialGovernanceResponseNational StrategicManagementManagementSustainable Development Sustainable DevelopmentDoublestarAboutAboutMessage fromthe Chairmanthis Report
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Materiality Matrix
Cleantech OpportunitiesEmissions and W
MEnvironmentalComplianceManagement
anagement
aste
Responding toManagement
Climate Change
ConservationBiodiversity
Circular Economy
Product Quality ManagementInnovation and IntellectualProperty Protection
Occupational Health and Safety
Energy and Resource
Supply ChainManagement
Employee Care
Talent Cultivation andDevelopment
CustomerServiceand
National StrategicR
Community Activities and Public
Welfare
esponse
Rights
Corporate Governance
Business
Digital and IntelligentGovernance
Ethics
Information Security
SIGNIFICANCEOFSUSTAINABILITYIMPACTS
InformationDisclosureON/FOR EXTERNAL
SIGNIFICANCEOF SUSTAINABILITY IMPACTS ON/FOR DOUBLESTAR
环境社会治理
EnvironmentalSocialGovernance
IssueCategoriesMaterial IssuesImportance
Social
HighImportance
SocialProduct Quality ManagementInnovation and Intellectual Property
Protection
EnvironmentalResponding to Climate Change
GovernanceCorporate Governance
EnvironmentalCleantech Opportunities
SocialOccupational Health and Safety
SocialSupply Chain Management
SocialTalent Cultivation and Development
EnvironmentalEmissions and Waste Management
EnvironmentalCircular Economy
EnvironmentalEnergy and Resource Management
Social
MediumImportance
Environmental
Governance
Customer Service and Rights
Environmental Compliance
ManagementBusiness Ethics
SocialNational Strategic Response
GovernanceInformation Security
GovernanceDigital and Intelligent Governance
GovernanceInformation Disclosure
SocialEmployee Care
Environmental
ModerateImportance
Biodiversity ConservationCommunity Activities and Public
SocialWelfare
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AppendixEnvironmentalSocialGovernance
ResponseResponseNational Strategic National Strategic
ManagementSustainable DevelopmentDoublestar
AboutAboutMessage fromthe Chairmanthis Report
National Strategic ResponseParty Leadership: Strengthening the “Roots” and Casting the “Soul”
Cultivating and Practicing the Core Values of SocialismCultivating and Practicing the Core Values of Socialism
Thematic Meeting on Publicity andEducation of the Core Socialist Values
Public Opinion Propaganda of theCore Socialist Values
Inauguration Ceremony of Doublestar (Cambodia) Tire Co., Ltd.The Party Committee of the company places high importance on cultivating and practicing the Core Values of Socialism.All Party branches and departments fully recognize the significance of cultivating and practicing these values.Tothoroughly study and implement the spirit of the 20th National Congress of the Communist Party of China and tointegrate the Core Values of Socialism into the work, life, and spiritual world of the broad masses of employees, thecompany has formulated the<Doublestar Tire Implementation Measures for Cultivating and Practicing the Core SocialistValues>as a guide. This is aimed at better fullling the important responsibilities of state-owned enterprises, providingspiritual motivation for the company's scientic development, and meeting the practical needs of building a high-quality
Recruitment of Cambodian Personnel
workforce.Qingdao Doublestar has established a leadership group for cultivating and practicing the Core Values of Socialismand has carried out a variety of activities related to the Core Values of Socialism, including themed essay contests, theestablishment of publicity platforms, legal education and publicity, the promotion of advanced models, and the conduct oftechnological innovation and youth innovation and e?ciency activities.
“the Belt and Road Initiative”: Global LayoutThe company actively responds to the national Belt and Road Initiative. During the reporting period, the overseas plantin Cambodia was successfully launched into production. This initiative has driven local economic development andenhanced friendly trade relations between China and Cambodia. It has e?ectively improved the company's integratedmanagement capabilities in both raw material supply and product export markets. The company has reduced costsin raw materials and logistics, and can effectively mitigate the impact of anti-dumping and countervailing duties ininternational markets. This move further expands the company's market reach in Europe, America, and the ASEANregion, improves the operational performance of its overseas markets, and enhances its international competitiveness,thereby accelerating the globalization of Doublestar.
Localization of ProcurementThe Cambodian factory actively seeks cooperation with local suppliers, prioritizing the procurement of local rawmaterials. This strategy not only reduces transportation costs and carbon emissions but also supports local economicdevelopment. By localizing procurement, the factory ensures a timely supply of raw materials. Moreover, collaborationwith local suppliers enhances the flexibility and responsiveness of the supply chain, thereby better meeting market
Localization of Procurement
demands.
Upholding the leadership of the Party and strengthening party buildingare the foundation and soul of state-owned enterprises. QingdaoDoublestar actively implements the major decisions and deploymentsof the Central Committee, the provincial and municipal Partycommittees, and the Xi Jinpin Thought on Socialism with ChineseCharacteristics for a New Era.Guided by Party building, strengthensits sense of responsibility, and deeply integrates Party building intoproduction and operations, thereby achieving high-quality development
Localization of Workforce
The establishment of the Cambodian factory has creatednearly 1,000 job opportunities for the local community. The company actively promotes the localization of its workforce, which not only helps to reduce labor costs but also leverages the local human resource advantages. By recruiting and training local Cambodian employees, the factory can improve production e?ciency and quality, while strengthening its connection and interaction with the local community. Localization of the workforce also enhances the cultural diversity and inclusiveness of the factory, creating a more harmonious working environment.
Localization of Workforce
of the enterprise.Pursuant to the provisions of the<Constitution of the Communist Party of China>, the company has established the<Committee of the Communist Party of Doublestar Co.Ltd.>, to undertake principal responsibility for Party building andto be in charge of the research, planning, deployment, promotion, and supervision of Party building work within thecompany.During the reporting period, the company has continuously conducted educational activities, holding over 90sessions of specialized study classes and theoretical study group discussions of the Party committee, and organizingmore than 410 theme party days, including party spirit education and viewing of red-themed educational lms, therebycreating a positive learning environment.The company has strengthened the concept of “brand-led development” byestablishing the “Doublestar Pioneer” Party building brand, and has created “N types of models,” “Star Organizations,”and “four types of pioneers,” “Star Party Members.” It has also established 73 Party member vanguard posts and Partymember assault teams, fully leveraging the political core role of Party organizations and the exemplary role of Partymembers.
Governance Builds the
CornerstoneSteady and Far-reaching
?Corporate Governance?Business Ethics?Digital and IntelligentGovernance
?Information Security?Information Disclosure
2728
Governance Structure
Corporate Governance Structure ChartCorporate Governance Structure Chart
The General Meeting of The General Meeting ofShareholders ShareholdersNumber of SessionsHeld:
Number of TopicsDiscussed:
5050The Board of DirectorsThe Company gives due consideration to the industry experience, background and gender of the Board members inorder to ensure the diversity of the Board and to provide di?erent perspectives and values for the Company's strategicplanning and assessment from a broader perspective. The Board of Directors of the Company consists of eight directors,with a chairman, and meets at least twice a year in accordance with the Articles of Association of Qingdao DoubleStarCo. When deciding on major matters of the Company, the Board of Directors will listen to the opinion of the PartyCommittee of the Company in advance.
TypeTypeNameNameGenderGender
Professional ExperienceProfessional ExperienceIndustry Industryexperienceexperience
Financial FinancialexperienceexperienceChairman of the BoardYongsen ChaiMale√
DirectorJunhua ZhangFemale√√DirectorLing DengFemale√DirectorHua ChenMale√DirectorJingyu WangMale√√Independent DirectorXijian QuanMale√Independent DirectorKejian GuMale√Independent DirectorHong WangFemale√
independent directorsaccounting for
37.5%37.5%
female directorsaccounting for
37.5%37.5%
policy-makingbody
The General Meeting of Shareholdersthe supreme authority of the company, making decisions on important matters such as the company'sbusiness policies and investment plans in accordance with the law.
Businessmanagementorganization
The Board of DirectorsAccountability to the General Meeting of Shareholders. The Board of Directors has established thefollowing committees: the Strategic Decision-making Committee, the Sustainable DevelopmentCommittee, the Nomination Committee, the Compensation and Assessment Committee, and theAudit Committee. The company has clearly defined the specific and detailed responsibilities andrules of procedure for each committee, supervising the management of various company a?airs andfully leveraging the important role of the committees in strategic decision-making and standardizedoperations, thereby driving the company's sustainable development.
The Board of Supervisorsresponsible to the General Meeting of Shareholders, and independently exercises its supervisory andinspection powers. It supervises the legality and compliance of the company's nancial a?airs and theperformance of duties by the company's directors, general manager, and other senior managementpersonnel, safeguarding the legitimate rights and interests of the company and its shareholders.
In accordance with the relevant provisions of the<Company Law of the People's Republic of China>, the<Securities Lawof the People's Republic of China>, the <Listing Rules of the Shenzhen Stock Exchange>, and other laws, regulations,and normative documents, as well as the<Company's Articles of Association>, Qingdao Doublestar has established agovernance structure comprising the General Meeting of Shareholders, the Board of Directors, the Board of Supervisors,and the Management Layer. This structure ensures the standardized operation of the company and e?ectively protectsthe rights and interests of investors. By continuously improving and optimizing the company's corporate governancestructure, the company promotes its sustainable and healthy development.
The company has established relevant systems, including the<Articles of Association of Qingdao Doublestar Co.,Ltd.>, the <Rules of Procedure for the General Meeting of Shareholders of Qingdao Doublestar Co., Ltd.>, and the<Rules of Procedure for the Board of Supervisors of Qingdao Doublestar Co., Ltd.>.During the reporting period, thecompany convened several sessions of the General Meeting of Shareholders, the Board of Directors, and the Board ofSupervisors, with a 100% attendance rate of directors at the Board of Directors meetings.
Corporate Governance
supervisoryand
inspectionbody
The General Meetingof Shareholders
The Board of DirectorsThe Board ofSupervisorsOffice of the Secretaryof the Board of Directors
Securities departmentGeneral Manager
The Strategic Decision-
making CommitteeThe NominationCommitteeThe Compensation andAssessment CommitteeThe SustainableDevelopment CommitteeThe Audit Committee
Auditdepartment
The Board of SupervisorsThe Board of SupervisorsNumber of SessionsHeld:
Number of TopicsDiscussed:
4242
The Board of DirectorsThe Board of DirectorsNumber of SessionsHeld:
Number of TopicsDiscussed:
5555
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AppendixEnvironmentalSocialGovernanceGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAboutMessage fromthe ChairmanAboutthis Report
Investor Relations Management
Performance briengsOnline receptionInternal Control ManagementQingdao Doublestar has strengthened the construction of its internal control system to standardize the company'soperations and enhance its risk management capabilities. In accordance with the<Basic Norms for Internal Control ofEnterprises>and the<Internal Control Guidelines for Listed Companies>issued by the Shenzhen Stock Exchange, thecompany has established a robust and e?cient internal control mechanism. It has also formulated a series of regulatorymanagement systems, including the<Internal Control System of Qingdao Doublestar Co., Ltd.>, the<Internal ControlEvaluation System of Qingdao Doublestar Co., Ltd.>,and the<Internal Audit System of Qingdao Doublestar Co., Ltd.>.These systems are designed to better safeguard the company's assets, protect the legitimate rights and interests ofinvestors, and ensure the ultimate realization of the company's strategic business objectives.
Risk ManagementQingdao Doublestar fully recognizes the importance of a robust risk management system for the stable and sustainableoperations of the company. It regularly identies and analyzes internal and external risks associated with its businessactivities, investigates the causes, and prepares risk management reports. The company also formulates correspondingmeasures and disposal plans for risks and has launched a special improvement program for ESG risk management.
风险管理风险管理专项提升工作专项提升工作
Climate Change RiskEnvironmental Risk
Risks Related to the Cambodian plantRisks Related to the Cambodian plantInformation Security RiskSpecialized Risk Specialized Risk
Management ManagementEnhancement Enhancement
Work
Climate Change RiskA climate change response and control teamhas been established to conduct in-depthidentication and analysis of di?erent climate
Work
scenarios. The team has developed responsemeasures and prepared documents suchas the Emergency Response Plan forStaggered Production Due to Climate Ri-sk, Climate Impact Production Strate-gy, and Contingency Plan for SuddenClimate Change to continuously impr-ove the company's overall responseto climate change.
Information Security RiskTheThe company has conducted
comprehensive risk identification,assessment, and response analysis,identifying multiple types of risks,including political, economic,legal, operational, social, andenvironmental risks. Correspondingrisk assessments and targetedresponse measures have beendeveloped for each type of risk.
<Internal Audit ManagementProcedure for Information Security>has been compiled to ensure thesecurity and value of information assets while e?ectively managing potential risks
Environmental RiskAn Environmental Protection Committeehas been set up, which has formulatedregulatory requirements such as the<Environmental Protection Committee's
and reducing the impact of informationsecurity risks on the company's operations.The company has also set informationsecurity performance management targetsand clarified requirements for responding toinformation security risks.
Environmental Protection ResponsibilitySystem>,<Environmental Protection Training System>,and<Environmental Protection Management System>tostrengthen environmental protectionmanagement and prevent the
occurrence of sudden environmental
During the reporting period, the company conducted an evaluation of the effectiveness of internal control overthirteen major business operations and matters, including market competition and business management, fund safetymanagement, human resource management, procurement and payment management, asset management, sales andcollection management, inventory management, corporate governance and management, comprehensive budgetmanagement, contract management, safety and environmental protection management, investment management, andrelated-party transaction management. Based on the company's assessment of signicant internal control deciencies,
pollution incidents.
as of the benchmark date for the internal control evaluation report, there were no signicant internal control decienciesidentied.
Investor Relations ActivitiesInvestor Relations ActivitiesPerformance Performancebriengsbriengs
Roadshow Roadshow
eventsevents
Online Onlinereceptionreception
Risk Riskmanagement managementorientationorientationProcess ProcessGrooming GroomingBasicsBasics
Key control Key control
Qingdao Doublestar actively maintains a positive relationship with its investors. To standardize investor relationsmanagement and protect the legitimate rights and interests of investors, especially those of the general public, thecompany has formulated the Investor Relations Management System in accordance with relevant laws, regulations, andnormative documents, and in light of the company's actual situation. Through facilitating the exercise of shareholders'rights, information disclosure, interactive communication, and handling of complaints, the company strengthenscommunication with both existing and potential investors, enhances investors' understanding and recognition of thecompany, and thereby improves the corporate governance level and overall value of the listed company. These activities
prioritiespriorities
aim to respect, reward, and protect investors.The Company actively carried out multi-category investor relations activities, such as performance brieng, roadshowactivities and online reception. During the reporting period, the Company answered a total of 75 questions on theinteractive platform, received more than 150 calls from investors, received 15 research visits from shareholders of listedcompanies and investment institutions, and participated in 6 investment activities organized by the regulatory authorities.In the first quarter of 2024, the company officially disclosed its <2023 Sustainable Development and Environmental,Social, and Governance (ESG) Report> to the public, soliciting feedback from all investors. Based on the feedbackreceived, the company continues to make improvements and gradually enhance its overall ESG management level.
3132
Compliance ManagementThe company has always adhered to compliance in its operations and continuously expanded the coverage of internalsystems and external regulations. It has established 34 management systems, which have been publicized on the legaldigital platform to strengthen the implementation of specic compliance obligations for di?erent positions. Focusing onkey business and management areas such as tax management, contract management, data compliance, overseasinvestment, labor employment, and environmental protection, the company has reviewed the relevant laws andregulations and established targeted compliance management mechanisms.
As a state-owned listed company, Qingdao Doublestar is oriented towardstax compliance and strictly adheres to national and local tax regulations.Through internal audits, compliance training, and periodic self-inspections,the company ensures the accuracy and timeliness of tax declarations.In accordance with the tax system and requirements of its controllingshareholder, the company has compiled and improved the Tax RiskInventory and has established a tax management position to handlevarious tax-related matters. Additionally, each business department ofthe company diligently fulfills its tax-related responsibilities, assistingthe nance department in managing tax matters. This approach ensuresthe prevention and control of tax risks from the front end of businessoperations, gradually achieving the company's tax management objectivesand comprehensively controlling tax risks throughout the businessprocess.
There have been no instances wherethe company has been penalized or warnedby regulatory authorities for violations oflaws and regulations related to productquality, customer service, intellectualproperty protection, environmentalprotection, employee employment, andother aspects of its business operations.
The total amount of taxes paid bythe company in 2024 was XXX yuan.
Business Ethics
Qingdao Doublestar has always advocated for the establishment of a business environment that is fair, just, transparent,objective, reasonable, and characterized by integrity and anti-corruption. The company strictly prohibits any behaviorthat violates business ethics and adheres to the principle of integrity as the foundation, promoting a culture of integrity.The company's business ethics management framework not only covers aspects of anti-corruption and anti-unfaircompetition but also includes codes of conduct or commitment requirements for suppliers, employees, Party members,and customers. It has received high recognition in fullling quality and social responsibilities.SuppliersSuppliersThe company has signed the<Integrity and Anti-CorruptionAgreement>with all suppliers, achieving a coverage rate of100%. The agreement explicitly prohibits any behavior thatviolates business ethics. The company also sends the Noticeon<Integrity Cooperation for Suppliers to emphasize>
this point. Penalties will be imposed for violations of the<Integrity and Anti-Corruption Agreement> .
EmployeesEmployeesEmployees who are prone to violations of business ethicsare required to sign the<Doublestar Integrity CommitmentLetter>quarterly to restrain relevant behaviors and clarifythe punishment mechanism. During the reporting period,the coverage rate of employees who received training onprofessional ethics and anti-corruption was 100%.Party MembersParty MembersThe company has organized Party members to sign the<Doublestar Self-Discipline Commitment Letter>,with asigning rate of 100%.
CustomersCustomersThe company actively promotes its business ethicspolicies to customers, encourages their participation insupervision, and sets up public reporting channels forcustomers to report any violations of business ethics bythe company in a timely manner.
Qingdao Doublestar respects the principles of market competition and supports a fair and free competitive marketenvironment. The company strictly complies with relevant anti-monopoly and anti-unfair competition laws and regulations,such as the <Anti-Unfair Competition Law of the People's Republic of China>and the<Civil Code of the People'sRepublic of China>. It has established an honest and fair competition mechanism and conducts special investigations intoany reported or discovered clues related to unfair competition to prevent its occurrence.
Integrity Education ActivitiesThe company conducted acomprehensive corruption riskassessment with a100%100%
coverage rate of businessprocesses, ensuring complianceand transparency in key business
segments.
The proportion of seniormanagement signing the<Integrity in ProfessionalConduct CommitmentLetter> reached
100%100%
,further strengthening theresponsibility for integrity.
The coverage rate of conict of
interest declarations reached
100%100%, ensuring that allrelevant personnel strictlyadhere to the principle ofinterest avoidance and maintaina fair and just business
environment.
Reporting phonenumber0532-55527790
Reporting E-mailjiwei-lt@doublestar.com.cn
Reporting addressDiscipline InspectionCommittee of QingdaoDoubleStar Tire IndustryCo., Ltd (No. 66, GangxingAvenue, DongjiakouEconomic Zone, Boli Town)
Integrity System ConstructionThe company continuously improves its anti-corruption and integrity-building efforts, focusing on enhancing theawareness of integrity and self-discipline among frontline employees and Party members. It e?ectively integrates thethree aspects of “deterrence, prevention, and disinclination to corruption,” adhering to a zero-tolerance policy towardscorruption and establishing a comprehensive integrity system. As a state-owned enterprise, the company places greatemphasis on building a culture of integrity, regularly conducting themed training sessions on integrity and anti-corruptionfor employees, strengthening Party spirit education, and enhancing moral cultivation to reinforce the ideological andinstitutional defenses against corruption.
Anti-Unfair Competition
AppendixEnvironmentalSocialGovernanceGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAboutMessage fromthe ChairmanAboutthis Report
Qingdao Doublestar integrates digital and intelligent technologies to enhance corporate governance efficiency andoptimize resource allocation, thereby promoting the company's stable and sustainable development. The company's<Digital and Intelligent Quality Control throughout the Tire Manufacturing Process>project has been selected as atypical case of quality improvement in industry and information technology by the Ministry of Industry and InformationTechnology. This project represents a new model and business form of intelligent manufacturing and intelligent servicesbased on the entire life cycle of tires. Through full-process digitalization, the project rapidly applies and develops data,
accelerates product research and development, and innovation, and comprehensively improves quality management.
Highly integrated
Invested￥Comprehensivecoverage
8,263,500
Covers 6systemsSupports95 businessprocesses
? ?The Dongjiaokou Base hascomprehensively reviewed the full-process informatization traceability of theproduction process. In response to the EUEUDR requirements for the traceabilityof raw materials, the corresponding MESsystem functions have been developed andoptimized；?The Hubei Shiyan plant, building on the?
management of finished product RFIDchips, has added a barcode matchingand binding function after molding. Thisensures a one-to-one match between RFIDchips and barcodes. The barcode systemhas been integrated with dealer systemssuch as JD.com and Tuhu, optimizing andenhancing the efficiency of informationsystem integration between Doublestar andits dealers.
Production InformatizationProduction InformatizationR&D InformatizationR&D InformatizationManufacturing InformatizationManufacturing Informatization
? ?The Central Research Institute has fully?adopted PLM for product design. AfterPLM design and prototyping, testingnotifications are sent to the LaboratoryInformation Management System(LIMS). The LIMS test result reportsare automatically sent back to PLM,completing the online transformation ofthe R&D design system.
?In response to the business needs for
Qingdao Doublestar respects the privacy rights of all stakeholders and is committed to safeguarding their privacy andinformation security. In compliance with relevant laws and regulations, including the<Cybersecurity Law of the People'sRepublic of China>,the<Data Security Law of the People's Republic of China>, the<Personal Information ProtectionLaw of the People's Republic of China>, the<Regulations on Information Security Level Protection Inspection Work(Trial) by Public Security Organs>, and the<Basic Requirements for Password Application in Information Systems>,the company has established the<Information Security Management System>and the<Doublestar InformationSecurity> and <Personnel Confidentiality Management System>. Additionally, the company has compiled relevantprocedural manuals, including the<Information Security Risk Management Procedure>, the <Information SecurityIncident Management Procedure>, and the <Information Asset Security Management Procedure>.A cross-domain datatransmission security platform has been established to ensure the secure transfer of production data between di?erent
diversied production orders and exibleproduction, the company has conductedforward-looking research on AdvancedPlanning and Scheduling (APS) and hasveried the Production Order Execution(POE) at the Shiyan Dongfeng plant.This has accumulated data experiencein business management, informationflow tracking, and overall architecturedesign for the rational aggregation andallocation of sales orders to the plant, and for tracking orders to the shift and machine level.
production bases and subsidiaries, thereby facilitating the implementation of the information security network.For the newly established Cambodian plant and cross-border operations involving cross-border information transmission, Qingdao Doublestar has implemented several preventive measures. These include the installation of SSLVPN software for data encryption, strict control over the information system accounts of expatriate employees, and the deployment of specialized security software on terminal devices to ensure the integrity and condentiality of data.In 2024, the company conducted a total of 12 informationsecurity training sessions, averaging approximately 6 hours per person, covering all employees related to informationsecurity, achieving a coverage rate of 100%.
Information DisclosureQingdao Doublestar strictly complies with the relevant laws, regulations, and normative documents, including the<ListingRules of the Shenzhen Stock Exchange>, the<Self-Regulatory Guidance No.1 for Listed Companies on the Main Board—— Standardized Operations>and<the Self-Regulatory Guidance No.5 for Listed Companies —— Management ofInformation Disclosure Affairs>, as well as the<Measures for the Administration of Information Disclosure by ListedCompanies>and the provisions of the Company's Articles of Association. The company conscientiously fulfills itsobligations for information disclosure, ensuring the authenticity and accuracy of the disclosed information.The company proactively discloses information through multiple platforms and channels to ensure the wide disseminationand accessibility of the information, such as the company's o?cial website, o?cial public account, video account, and theShenzhen Stock Exchange. The company not only focuses on the disclosure of nancial data but also covers informationon environmental, social, and corporate governance aspects that may have a material impact on investors and otherstakeholders, ensuring that stakeholders can promptly understand the specic conditions of the enterprise.
Dissemination and Training on Information Security
Furthermore, the company has established an emergencyresponse mechanism for network and information securityoperations and has conducted three emergency drillsfor information security incidents. These drills includedscenarios such as hacker attacks on servers, large-scalevirus (including malware) attacks, and database systemfailures. The aim of these drills is to enhance the information security awareness and defense capabilities of allemployees and to ensure the effective operation of the company's information security management system.
Digital and Intelligent GovernanceInformation Security
Information Security and Privacy Protection
AppendixEnvironmentalSocialGovernanceGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAboutAboutMessage fromthe Chairmanthis Report
E
Focus on GreenInnovation to Address
Climate Risks
?Responding to Climate Change?Environmental Compliance
Management?Energy and Resource Management?Emissions and Waste Management
?Cleantech Opportunities?Circular Economy
?Biodiversity Conservation
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Responding to Climate ChangeWe systematically assess climate-related risks and opportunities in upstream and downstream operationsand in our own operations, comprehensively benchmark against the recommendations of the Task Forceon Climate-related Financial Disclosures (TCFD), strictly adhere to the framework of International FinancialReporting Sustainability Disclosure Standard No. 2 - Climate-related Requirements for Sustainability-relatedFinancial Disclosures (IFRS S2), and continuously strengthen and disclose the climate change governancesystem based on the four pillars of governance, strategy, risk management, indicators and targets, laying asolid foundation for the low-carbon transformation of the company itself and its value chain.
Governance
In 2024, Qingdao Doublestar established a new climate change response control team, with the head of themanufacturing headquarters as the chairman of the committee, and coordinated and guided the work relatedto climate change response
Climate Change Response Management Team
Strategy
During the reporting period, Qingdao Doublestar launched a special identification and response work forclimate change risks. In combination with the characteristics of the industry in which the company is located,through scenario analysis, the potential impact of the rubber industry under normal climate scenarios,warming climate scenarios, extreme droughts, snowstorms, floods and other climate conditions wasevaluated to identify the risks and opportunities related to climate change. At the same time, their extensiveimpact on supply chain efficiency, market demand and consumer behavior was explored, and the chainreaction that may be caused by changes in policies and regulations was considered. We have ranked theserisks and opportunities according to their impact and likelihood, providing solid data support and decision-making basis for the rational allocation of resources and strategic planning.Based on the comprehensive assessment results, Qingdao Doublestar further optimized its businessoperation model and investment decision-making process to e?ectively respond to the challenges brought byclimate change and seize the opportunities it contains, ensuring that the company can develop more steadilyand maintain e?cient operation capabilities in the face of uncertain climate conditions in the future.
Climate Risk and Opportunity Identication Matrix
? Coordinate, guide and supervise the company's climate change work? Research, coordinate and solve major climate change issues? Implement the national and higher authorities’ guidelines, policies, lawsand regulations on climate change? Formulate the company's annual climate change response target plan,work priorities and major measures? Establish and improve the climate change response responsibility systemfor leaders and departments at all levels, and supervise its implementation? Coordinate the company's climate change response and management
a?airs, including organizing employees to learn about climate change lawsand regulations and enhance employee awareness? Responsible for coordinating and cooperating with climate changeresponse and management work? Formulate and monitor the implementation of the company's climatechange regulations???
Formulate and implement environmental management systems andenvironmental protection equipment operating procedures for the areaunder jurisdictionPerform routine maintenance of environmental protection equipmentwithin the jurisdiction to ensure normal operation and establish equipmentoperation recordsControl pollutants in the jurisdiction, prevent environmental pollutionaccidents, and establish a record of pollutant storage and transfer
ClimateChangeResponseManagementTeam
PlantManager
O?ce of the
ClimateChangeCommittee
Probability of risk and opportunity
Impact of risks and opportunities
Short-term risks
Physical risks
Transformation
risks
Opportunity
MiddleHigh
High
Climate-related
Climate-related
Technical risksLong-term risks
Products and
Services
MarketOpportunitiesPolicy and Lawrisk
Reputational risk
Toughness
Market RiskEnergy SourceResourceEfficiency
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Qingdao Doublestar Climate-Related Risks and OpportunitiesRisks TypeRisks Description
Potential Impact
Response StrategiesImpact Time Value ChainTransfor-
mation
FinancialImpactrisks
Countries may set up carbon tariffs and promote clean energytrade. The EU has already formulated relevant laws andregulations such as carbon tariffs and product carbon footprintlabels. The increase in compliance and competition costs hasPolicy andLegal Risks
led to an increase in the price of carbon emission permits.
Short - medium
term
Marketing andsales,overalloperations
Operating costs
As China's dual carbon goals are gradually implemented,carbon emission policies are becoming stricter, and there is arisk of being included in the list of companies subject to
? Pay close attention to changes in policies, regulations and international trade policies, andstrengthen risk management and legal compliance.? Understand the policies and implementation of carbon tariffs in various countries, predictthe trend of carbon tariffs in the future, and formulate reasonable export strategies.? Strengthen cooperation with the government, scientific research institutions and all sectorsof society.
? Strengthen the management of its own carbon footprint and reduce carbon emissions toreduce the cost of carbon tariffs.? Pay attention to the development trend of the clean energy market and international trade
Operatingincome
opportunities.mandatory emission control.
TechnicalR
The gradual restriction on the sales of fossil fuel vehicles hasled to a decline in the demand for tires of traditional vehicles,which in turn has led to a decline in the company's sales.isks
Medium to long?Carbon and environmentally friendly technologies requiresmore R&D investment and faces stronger technologicalcompetition.?Maintaining a balance in product performance under thepremise of continuously improving environmental protectionrequirements, high requirements are placed on technicalimprovements.
?Temperature changes may directly affect product
performance, and requirements for product qualityand performance are increased.
term
Product and
service,R&Dinvestment
Operating costs
Medium to longMarket Risk
? Establish a technology risk monitoring mechanism to regularly evaluate and update thecompany's technology risks.
? Increase R&D investment and strive to develop new sustainable materials and
environmentally friendly processes.? Actively develop environmentally friendly products and improve the environmental
performance of products.? Establish an industry-university-research cooperation mechanism to introduceadvanced technology and talents.? Optimize production process flow to reduce production costs and energy consumption.? Strengthen employee training and awareness raising to enhance employees' attention
Operating
income
to product performance and quality.s
Traditional fuel vehicle market is gradually shrinking due toenvironmental protection requirements and policy guidance,and the market demand for traditional fuel vehicle tires isdeclining.
term
Product andservice,Marketing andsales
Operating income
Customers and consumers are paying more attention toclimate change. If companies fail to take positive action, theirimage and reputation may be damaged, and they may find itReputationalRisk
? Strengthen market monitoring and early warning, establish a market risk assessment
system , and timely adjust product portfolio and production plans to meet the real-time needs
of the market.
? Strengthen communication with stakeholders, pay attention to changes in consumer
shopping habits, and clarify market demand.
? Actively develop environmentally friendly products and improve the environmental
performance of products.s
difficult to meet the expectations of stakeholders.
Medium to longterm
Capital cEnterprise
valuationOperating incomeMarketing and
sales
hannels
? Regularly publish corporate climate action, disclose corporate carbon emission data,
emission reduction measures and results, etc.? Strengthen communication with the public, media and stakeholders, respond to concerns ina timely manner, and enhance corporate credibility.? Strengthen environmental management, improve resource utilization efficiency, and reduce
pollution emissions.
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Qingdao Doublestar Climate-Related Risks and OpportunitiesOpportunities TypeOpportunities Description
Potential Impact
CountermeasuresImpact TimeLimit
ValueChain LinksO
Financial Impactpportunity
?Use renewable energy, save energy costs , develop a circulareconomy, improve resource and material utilization efficiency, reduceResourceEfficiencyresource and material consumption, and thus reduce operating costs.
Short - mediumterm
Operating costs R&Dinvestment,Overalloperations
↓
?Switching to lower-emission energy sources could potentially save youEnergy
? Promote the construction of photovoltaic power generation and energy storage projects.? Strengthen the improvement and innovation of production processes, adopt advanced energy-saving and
emission-reduction technologies, reduce energy consumption and emissions in the production process,and improve resource utilization efficiency.? Increase the research and development of renewable recycling technologies for tires and their raw? Deepen the reuse of water resources and waste resources and the recycling of sustainable materials. materials.Source
money on annual energy costs.
Short - mediumterm
Operating costs Overalloperation
↓? Implement energy-saving and water-saving strategies and their supporting management measures.? Actively explore new energy alternatives, pay attention to changes in the energy market, predict future
energy price trends, and formulate reasonable energy procurement strategies.? Strengthen the improvement and innovation of production processes, adopt advanced energy-saving andemission-reduction technologies, reduce energy consumption and emissions in the production process,and improve resource utilization efficiency.Products andServices
Medium to long?Continuous innovation and development of new green, low-carbon
and environmentally friendly products can not only significantlyenhance the company's industry competitiveness, but also expandpotential carbon reduction partners while reducing carbon emissions inits own industrial chain, and jointly build higher industry barriers.
term
R&DInvestmentMarketing and
Operating income
sales
↑
M
? In response to the changes in market demand caused by climate change, we will strengthen productresearch and development and innovation, launch tire products that adapt to different climate conditions,and meet market demand.
? Promote the research and development of green tire products and increase market share.arket
Long ?Market demand for environmentally friendly and low-carbon products isincreasing, the new energy vehicle market is gradually expanding, andthe demand for new energy vehicle tires is increasing.
termOperating costs Marketing and
sales
↓?Participate in renewable energy projects and adopt energy-savingT
? Flexibly adjust product structure and market layout according to domestic and international marketdemands and climate change trends to improve market competitiveness.oughness
measures to reduce production and operating costs.?Develop diversified resource materials to reduce dependence on asingle resource and reduce the risk of resource shortages.?Develop new products and services to ensure resilience and increase
revenue.
Long termOperating income ↑
Cost of salesR&Dinvestment,Marketing and
sales
↓? Vigorously promote the construction of circular economy and improve resource utilization.? Strengthen the planning of renewable energy projects and improve the utilization of renewable energy.? Strengthen industry cooperation and actively promote sustainable material research.
Qingdao Doublestar Climate-Related Risks and OpportunitiesRisk TypeRiskDescription
PotentialImpact
Countermeasures
ValueChainImpactTimeLimit
Links
FinancialImpact
?Floodsandrisingsealevels:Asclimatechangeintensifies,sealevelsmayrise,causingfloodinginfactoriesorstoragefacilities,affectingthesmoothnessofthe
PhysicalRisksShort-termRisks
supplychain.
?Extremeweathermayaffecttheefficiencyofdomesticandforeignsupplychains,whichmayleadtoobstructionordelayeddeliveryofrawmaterialsandincreasetheriskoforder
?Typhoons:Someproductionbasesandlogisticsfacilitiesarelocatedinareaspronetotyphoonsorstorms.Extremeweathermaycausedamagetoinfrastructure,interruptproductionandsupplychains,causeseriousdamagetocompanyassets,threatenthesafetyofemployeelives,andmayevencausebusinessinterruptions,seriouslyaffectingthecompany'soperations.
defaults.
Short Term
SupplyChain,
ProductionOperations
? Improveenvironmentaladaptability:Accordingtoclimatechangetrendsandriskassessmentresults,optimizeproductionlayoutandequipmentconfigurationtoimprovethedisasterresistanceandenvironmentaladaptabilityoftheproductionprocess.? Strengtheninformationsharingandearlywarningmechanismconstructiontoimprovetheabilitytorespondtoextremeweatherevents.? Earlywarninginformationrelease:Establishaninformationsharingmechanismwithmeteorological,environmentalprotectionandotherrelevantdepartmentstoobtainclimatechangeearlywarninginformationinatimelymanner,andreleaseitinatimelymannerthroughmultipleinformationplatformstoremindrelevantdepartmentsandpersonneltodoagoodjobinriskpreventionandresponse.
? Emergencyresponseandrecovery:Aftertheriskoccurs,quicklyorganizeemergencyresponseworktoensurethatlossesareminimized;doagoodjobinproductionrecoveryaftertheriskislifted,andrestorenormalproductionorderas? Emergencyplanformulation:Functionaldepartmentsatalllevelsineachbaseformulateearlywarningresponsemeasuresunderdifferentrisklevels,formulateemergencyplansforclimaterisks,clarifytherequirementsforemergencyorganization,personnel,materialsandprocesses,andensurethatemergencyresponsecanbequicklyinitiatedwhenrisksoccur.soonaspossible.
? Diversifiedprocurement:Expandthemanufacturersinthewarehouse,activelyseekdiversifiedrawmaterialprocurementchannels,reducedependenceonasinglesourceofsupply,andimprovethestabilityandreliabilityofrawmaterialsupply.
? Reservemanagement:Therawmaterialstoragedepartmentshallestablisharawmaterialreservesystemandreasonablydeterminethereservescaleandvarietybasedonproductiondemandandriskassessmentresultstoensurethatnormalproductioncanbemaintainedwhenrisksoccur.Long-termRisks
??Climate change has led to a decline in natural rubber production, increasing thecost of natural rubber procurement and the risk of supply disruptions.The persistent high temperatures and water shortages caused by climatechange may increase the risk of heat stroke for employees, affect factoryproduction efficiency, and affect production and supply efficiency.?Long-term temperature increases may affect the energy consumption andefficiency of the company's production process, especially the requirements forhigh-energy-consuming equipment and cooling systems.
Medium to long term
Operatingincome↓Operatingcosts↑
SupplyChain,ProductionOperations
Fixed assets ↓
? Technologicalinnovation:Researchanddeveloprubbertreespeciesthatadapttoclimatechangeandimprovetheresistanceofrubbertrees.?Strengthenriskmanagementandreducetheimpactofmarketfluctuationsonenterprisesthroughfinancialinstrumentssuchasinsuranceandfutures.
Operatingincome↓Operatingcosts↑
? Establishadiversifiedsupplychainnetworktoreducedependenceonasingleproductionarea.? Strengthenemployeetraining,healthmanagement,optimizetheworkingenvironment,providenecessaryprotectiveequipment,improveworkprocesses,promotegreenproductiontechnologies,andincreasecapitalinvestmenttocomprehensivelyenhanceemployees'abilitytoadapttoclimatechange.? Optimizeenergymanagement,upgradeefficientcoolingsystems,andenhanceequipment'sabilitytowithstandhigh temperatures.
Fixed assets ↓
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Risk Management
Risk Management
Metrics and Targets
Total Scope 1 & Scope 2greenhouse gas emissionsin 2024 has decreased by
Based on a comprehensive assessment of climate-related risks v opportunities, Qingdao Doublestar hasestablished a set of short-term, medium-term and long-term climate change response goals.The specic plans are as follows:
In the short term, by 2028, the carbon emission intensity will be reduced by 5% compared with 2023.In the medium term, by 2035, the carbon emission intensity will be reduced by 10% compared with 2023.In the long term, by 2050, the carbon emission intensity will be reduced by 50% compared with 2023, and graduallymovetowardsthecarbonneutralitygoal,and strivetoachievecarbonpeakin2030andcarbon
aneutrality before 2050.(For specic goals and indicators, please refer to: Chapter 4, Section 3 - Sustainable Development Strategyand Target Planning)
(1) Carbon Emissions
17.45% compared to 2023.
Tons of carbon dioxideTons of CO
Overall Scope 1 & Scope 2greenhouse gas emissionsintensity (by operatingrevenue) in 2024 hasdecreased by 22.47%compared to 2023.
equivalent
equivalent / 10,000 yuan
RiskIdentification
andAssessment
Risk Monitoring
and Improvement
342,329.92
282,596.58
0.89
0.69
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
1.00
50000100000150000200000250000300000350000400000
2023202420232024
↓22.47%↓17.45%
Risk identication : The company has established a special climate change riskidentification mechanism based on its own business characteristics, internal andexternal development environment and expert opinions. Based on the regularlycollected and analyzed domestic and international climate change-related data, itscans and analyzes internal operational risks in terms of facilities, employee healthand productivity, production processes, as well as external environmental risksin terms of supply chain and logistics, market demand and consumer behavior,policies and regulations, to identify the impact of potential climate risk points on thecompany's operations.Risk assessment : Use a combination of qualitative and quantitative methodsto evaluate identified risks, analyze the likelihood of risk occurrence, impact andduration, determine risk levels, and provide a basis for formulating appropriateresponse measures.
The company formulates response strategies based on the identied climate risksand opportunities, holds climate change meetings regularly, tracks climate changeresponses, claries the progress of related actions and plans, studies solutions andimplementation measures for prominent climate change issues, and continues toexplore and optimize the working mechanism of the Climate Change Committee.
Establish a monitoring mechanism : Real-time tracking of climate change trends,policy and regulatory updates, and market dynamics, etc., to promptly identify newrisk factors and changes. By installing online monitoring equipment and entrustingthird-party monitoring, the company's energy consumption, carbon emissions,pollutant emissions, etc. are monitored in real time to ensure that all indicators meetthe goals of climate response.Risk warning and response : The company has established an information sharingmechanism with meteorological, environmental protection and other relevantdepartments to obtain risk warning information in a timely manner, and publish it ina timely manner through work groups, double-star reports, scrolling large screensand other information platforms to remind relevant departments and personnel to doa good job in risk prevention and response, formulate emergency plans, and clarifythe requirements for emergency organizations, personnel, materials and processesto ensure that emergency responses can be quickly initiated when risks occur.Continuous improvement : Feed the results back into the risk managementprocess, evaluate and adjust the existing risk response measures, achieve dynamicoptimization and continuous improvement of risk management, and form a virtuouscycle of continuous improvement.
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? T/SDXJ 001-2024 <
In 2024, Qingdao Doublestar commissioned a third-party organization to successfully complete the carbonfootprint assessment project for the semi-steel radial tire Arrizo series products in accordance with thefollowing standards, and o?cially issued the corresponding report :
? PAS 2050:2011 <Specication for the Assessment of Greenhouse Gas Emissions from Goods andServices over their Life Cycle>? ISO 14067:2018 <Requirements and guidelines for quantifying the carbon footprint of greenhousegas products>? GB/T 24067-2024 <Greenhouse Gases Requirements and Guidelines for Quantifying ProductCarbon Footprint>? GB/T 24040-2008 <Principles and framework for life cycle assessment of environmental management>? GB/T 24044-2008 <Requirements and Guidelines for Environmental Management Life Cycle Assessment>Guidelines for Product Carbon Footprint Accounting and Reporting - Tires>
Qingdao Doublestar has strengthened its carbon emission management requirements. In 2023, the companyestablished a dual-carbon leadership group led by the general manager to promote carbon managementrelated work and regularly conduct greenhouse gas emission identication and data calculation.Each base actively promotes the update of relevant data every quarter, and strives to reduce emissionsthrough the carbon emission management process . In 2024, the company commissioned a third-party agency to conduct a carbon audit. The results of the audit showed that the company's overall total
(2) Product Carbon Footprint
greenhouse gas emissions and greenhouse gas emission intensity have decreased.
Product Carbon Footprint Rating System Boundaries
202220232024UnitCarbon Emission TypesPlant
770.71783.38858.74tCO
eqTotal Scope 1 GHG emissionsDongjiakou
144,111.06146,061.76163,428.95tCO
eqTotal Scope 2 GHG emissions
144,881.77146,845.14164,287.69tCO
eqTotal Scope 1 & Scope 2 GHG
emissions
0.590.550.6
Carbon Intensity(Emissions per 10,000
tCO2eq/10,000yuanyuan)
251.04407.51457.84tCO
eqTotal Scope 1 GHG emissions
Shiyan
80,052.8395,904.4791,220.11tCO
eqTotal Scope 2 GHG emissions
80,303.8796,311.9891,677.95tCO
eqTotal Scope 1 & Scope 2 GHG
emissions
1.040.820.75
tCO
eq/10,000yuan(Emissions per 10,000 yuan)
Carbon Intensity
--173.23tCO
eqTotal Scope 1 GHG emissionsCambodia
--26,457.71tCO
eqTotal Scope 2 GHG emissions
--26,630.94tCO
eqTotal Scope 1 & Scope 2 GHG
emissions
--2.06tCO
eq/10,000yuan(Emissions per 10,000 yuan)Carbon Intensity
1,550.681,777.571,489.81tCO
eqTotal Scope 1 GHG emissionsTotal
310,762.40340,552.35281,106.77tCO
eqTotal Scope 2 GHG emissions
312,313.08342,329.92282,596.58tCO
eqTotal Scope 1 & Scope 2 GHG
emissions
0.970.890.69
tCO
eq/10,000yuanCarbon Intensity
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Environmental Compliance ManagementWe calculated the carbon emissions per unit product from the "cradle to gate" stage, including the rawmaterial acquisition stage, raw material transportation stage and production stage. These evaluation dataand information will provide reliable carbon emission information for the company's product design, materialprocurement, production control, etc. Next, we will further analyze these data and information to promotegreen design, green procurement and supply chain management of products, and achieve product carbonreduction.As the company's rst product to achieve full life cycle carbon footprint investigation, this marks an importantstep in our product carbon footprint management. Based on this breakthrough, the company will continueto deepen this environmental protection initiative and gradually promote the carbon footprint accounting ofmore product lines.At the same time, the company actively responded to the call of the China Rubber Industry Association,participated in the full-process carbon footprint accounting action for tire products, and worked with theindustry to improve the tire industry accounting guidelines.
(3) Carbon Asset Management
Inordertoeffectivelyreducethecostofcarbonemissionreduction,controltheriskofcarbontradingcompliance, Qingdao Doublestar realizes the appreciation of carbon asset value, actively respond to thecountry's call for energy conservation,emissionreductionandgreenandlow-carbondevelopment,andcomprehensivelyimprovethecompany'senvironmentalprotectionmanagementlevel.the"CarbonEmissionandCarbonAssetManagementRegulations"havebeenformulated,andacarbonemissionandcarbonassetmanagementleadinggrouphasbeenestablishedtoberesponsibleforbuildingthecompany'scarbonemissionandcarbon asset management system, promoting the company's energyconservation and carbon reduction and carbon asset optimization and upgrading, organizing the formulationand approval of the company's annual carbon emission management goals and carbon asset trading workplan, aiming to e?ectively control carbon emissions and optimize carbon asset management throughstandardized management methods, to ensure thatthecompanyactivelyfulfillsitssocialresponsibilitiesandpromotessustainabledevelopmentwhileachieving economic benets.
Environmental Management Strategy
On the one hand, the company adopts advanced VPD digital twin design system and low
Inthecontextofincreasinglysevereglobalclimatechangeandenvironmentalproblems,Qingdao
Doublestar deeply understands the importance of environmental management. In order to actively respond
toenvironmentalchallengesandpromotesustainabledevelopment,QingdaoDoublestarhasformulated
acomprehensiveenvironmentalmanagementstrategyandincorporateditintothecompany'slong-term
developmentplan.QingdaoDoublestaractivelyexploresthegreenandlow-carbondevelopmentpath
oftherubbertireindustry,iscommittedtothegreenmanagementoftireproducts,andacceleratesthe
developmentofnewqualityproductivity.Toachievethisgoal,wehavedeterminedtheideaof"walkingon
two legs" early :
rollingresistance tire technology, through the development of high-performance tires and disruptiveinnovative products, signicantly reducing product carbon emissions, intelligent factories applyphotovoltaic power generation and green energy-saving technologies on a large scale, improvingproduction e?ciency and reducing energy consumption;
On the other hand, starting from the supply chain, we work closely with DoubleStar Ecostar HoldingsLimited,tojointlycreateacircular economyindustrialchain.Throughthesecomprehensivemeasur-es,QingdaoDoublestar,whichis makingeffortsinmultipleareas,issteadilyacceleratinginthedirectionofgreenandlow-carbon,promoting the green transformation and sustainable development o-f the tire industry.
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? Coordinate, guide and supervise the environmental protection work of the
entire company? Research, coordinate and solve major environmental protection issues? Implement the environmental protection guidelines, policies, regulations
and systems of the state and higher authorities? Regularly study environmental protection work and grasp the dynamics of
the entire company's environmental protection work
? Manage the company's environmental protection work according to the
arrangements of the Environmental Committee? Responsible for organizing and implementing the company's pollution
discharge declaration and pollution discharge fee payment, pollutant
emission reduction, emergency plan, etc.? Supervise and inspect the operation of the company's environmental
protection equipment and facilities to ensure normal operation and
standardized records
???
Fully responsible for formulating and implementing environmental
management systems and operating procedures, and solving environmental
problems and potential accidents
Manage the storage and transfer of pollutants to prevent environmental
pollution accidents
Implement environmental impact assessment and the "three simultaneous"
system, as well as the operation and maintenance of environmental
protection facilities
Environmental
ProtectionCommittee
PlantEnvironmental
ProtectionLeading Group
Environmental
Committee
O?ce
Each business unit, General department, Manufacturing Department, Warehousing and logisticsDepartment, Technical process Department,Human Resources Department, Finance Department,Equipment and Energy Department, Warehousing Department, Quality Department, PurchasingDepartment
Environmental protection work organization structure
Environmental Management System
Qingdao Doublestar takes "compliance with laws and regulations, pollution prevention, energy conservationand consumption reduction, and continuous improvement" as its environmental management policy. Inaccordance with the relevant requirements of ISO 14001 and combined with its own actual situation, ithas compiled the "Qingdao Doublestar Environmental Protection Management System" and used it asa programmatic document to guide the construction and improvement of the company's environmentalmanagement system.
Establishment of the Environmental Protection Working Committee
In June 2024, the company established an environmental protection committee, with the generalmanager of the manufacturing department as the chairman of the committee and the heads of variousdepartments as members. The Environmental Committee is responsible for reviewing and issuing thecompany's environmental protection policies and goals, supervising the implementation and improvementof environmental management policies, and making decisions on major environmental protection issues.The Environmental Committee has an Environmental Committee O?ce, which is specically responsiblefor the daily management and coordination of the company's environmental protection work accordingto the arrangements of the Environmental Committee. The company fully implements the environmentalprotection responsibility system for personnel at all levels and positions, clarifies the environmentalprotection responsibilities of positions at all levels, ensures that environmental protection concepts areintegrated into daily work, and forms a good atmosphere of full participation and joint promotion.
As of the end of the reporting period, except for the newly built Cambodia Plant, the rest of the company'sproduction bases have completed ISO 14001 environmental management system certication. At the sametime, during the construction of the Cambodia Plant, the company has always attached great importanceto environmental protection. The base fully considered the relevant requirements of environmental impactassessment in the early planning stage, and has completed the environmental assessment certicationin strict accordance with local laws and regulations in Cambodia. In order to ensure compliance with localenvironmental protection standards, the base has added advanced environmental management equipmentto the production equipment and improved the level of hardware facilities. In addition, the base also worksclosely with the Cambodia Environmental Association to ensure that the environmental impact assessmentreport fully complies with local regulations and actively builds a complete environmental managementsystem.
Environmental Management System Certication
During the reporting period, the company investeda total of 11.6041 million RMB in environmentalcompliance publicity, environmental technologyresearch and development, and the constructionand operation of environmental protection facilities,and is committed to improving the company'senvironmental protection capabilities and promotinggreen manufacturing goals.
Environmental Investment
Thanks to its outstanding environmental management performance, the company was successfullyselected into the national green factory and green manufacturing list, becoming a model of greendevelopment in the industry.
Green Factory and Exemplary Model of Green Manufacturing
ISO14001
AppendixEnvironmentalEnvironmentalSocialGovernanceNational Strategic Sustainable DevelopmentAboutMessage fromthe ChairmanAboutthis ReportResponseManagementDoublestar
In order to ensure the effective operation of the environmental management system and timely discoverand solve potential environmental safety management problems, the company has implemented multi-level and comprehensive monitoring and supervision measures. The company conducts 24-hour real-timemonitoring and early warning of various types of emissions such as waste gas and wastewater to ensurethat any abnormal situation can be discovered and handled in the rst time. Calibrate the testing equipmentevery week to ensure the accuracy of the monitoring data; independently test all emission outlets and theenvironmental quality around the factory every quarter, and invite third-party professional organizations toconduct audits to ensure the fairness and reliability of the monitoring results. Through 24-hour real-timemonitoring, regular calibration, independent testing and third-party audits, combined with advanced SCADAand MES systems, Qingdao Doublestar has achieved comprehensive monitoring and rened management
of the environmental management system.
Environmental Impact and Risk Management
Environmental Emergency Management
Qingdao Doublestar pays attention to the prevention and response of sudden environmental incidents,and is committed to improving the environmental emergency response capabilities of the entirecompany. In response to specic situations such as energy equipment, pollution and hazardous wasteleakage incidents, the company has formulated the "Sudden Environmental Incident Emergency PlanManagement System" and "Environmental Protection Emergency Materials Management System" toprevent environmental risks.
In 2024, the company focused on optimizing and updating the "Hazard Investigation and ManagementSystem", implemented the environmental protection hazard classication regulations and major hazardsupervision and reporting system, and conducted key inspections on hazard dangers where sudden environmental emergency incidents may occur every month to eliminate hazard dangers.
Environmental Awareness Enhancement and Internal and External
Based on actual conditions and seasonal characteristics, the company conducted 9 emergency drills,including radiation and waste oil leakage, involving more than 865 people, to enhance employees'emergency response and risk avoidance capabilities for unexpected accidents, creating a safer andmore stable environment for various production and operation tasks.
Communication Management
During the reporting period, the company conducted 11 special training sessions on waste laws andregulations, pollution discharge permit laws and regulations, environmental protection facilities laws andregulations, radiation safety knowledge, and basic environmental protection knowledge. More than 3,865employees participated in the above training, and the employee environment-related training coveragerate reached 100%.
The company launched the "Safety and Environmental Protection Month" activity to enhance the safetyemergency response and environmental protection and low-carbon awareness of all employees throughin-depth safety production and environmental protection and low-carbon publicity and education andemergency drills.
Internally,thecompanyhasestablishedaregularenvironmentalmanagementmeetingmechanismtotimelysummarizeandanalyzeenvironmentalmanagementdata,discussandsolveexistingproblems.Atthesametime,throughunionfeedbackchannels,specialtrainingandothermeans,thecompanyconveysthelatestenvironmentallawsandpoliciestoemployeestoenhancetheenvironmentalawareness of all employees.
Externally, the company maintains transparency in environmental protection, actively communicates withgovernment departments, industry associations and the public, and responds to concerns from all partiesin a timely manner. The company also publicly displays its e?orts and achievements in environmentalprotection through regular annual reports, ESG reports, social media platforms, community charityactivities, etc., accepts social supervision, and seeks opportunities for continuous improvement.
Conducting Specialized Training
"Safety and Environmental Protection Month"
Internally
Externally
Formulating Management Regulations
Optimizing Management Regulations
Conducting Emergency Drills
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Energy and Resource ManagementFor manufacturing companies like Qingdao Doublestar, energy conservation and consumption reductionare key entry points of great importance, feasibility and practical value in sustainable development. QingdaoDoublestar is committed to improving the e?ciency of energy and resource use and creating a low-carbonand low-consumption green operation mechanism.The company has formulated an "Energy Management Manual" to clarify specific tasks such as energymanagement responsibilities, energy-saving plans and target management, energy consumption statisticsmanagement, and energy-saving technology progress management. It has also established an energymanagement functional department to link relevant performance indicators with the incentives of managers,thereby steadily promoting the company's energy management efficiency and ensuring the efficientimplementation and steady progress of this work.Based on the deep integration of information technology and automation technology, the company has madelong-term strategic plans for energy conservation and consumption reduction strategies, and has brokendown and implemented specific measures year by year based on this plan. By finely managing energyconsumption, improving resource utilization e?ciency, promoting the use of clean energy, and advocatinggreen o?ce concepts, we will continue to create a green and low-carbon operating mechanism, promotegreen development transformation, and contribute to the construction of a low-carbon society.
Energy and Resource Management Initiatives
Digitalization integrates rened management, andThe company's various production bases widely use SCADA (Supervisory Control and Data Acquisition)systems to record the use of water and electricity resources and various materials in real time, ensuringthe comprehensiveness and accuracy of various resource consumption data. Subsequently, allcollected data are uniformly imported into the MES (Manufacturing Execution System) for analysis andmanagement, realizing online management of all equipment and meter information. It not only realizesreal-time monitoring of resource use, but also uses data comparison and trend prediction to providestrong support for energy management and decision-making. The company sets short-term and long-term energy consumption reduction indicators and breaks down the goals into each production base.Each base cleans up energy data daily, evaluates and promotes key energy tasks weekly, analyzesdeviations to optimize management, and continuously improves resource utilization e?ciency through
data insights drive energy saving and di?erence
supervision, inspection and performance evaluation to ensure the achievement of energy-saving goals.
Green Packaging
The Lightweighting and Reduction of Product PackagingThe company actively promotes the lightweighting and reduction of product packaging, proactivelycommunicates with customers to promote bare tire shipments, reduces the proportion of packaging,and promotes the use of environmentally friendly materials for packaging for customers who requirepackaging.
On the basis of ensuring the reliability of packaging in the product transportation and sales process,Qingdao Doublestar actively uses environmentally friendly packaging materials, designs moreenvironmentally friendly packaging solutions, promotes the use of recyclable iron boxes, and adoptsshared plastic pallets to reduce the impact of packaging on the environment and health.In terms of green packaging, the company's synthetic rubber projects have 100% used recyclableiron boxes, and chemical additives, auxiliary materials, carbon black, and steel cord projects havefully adopted shared plastic pallets. On this basis, the company continues to expand the applicationscope of recycled pallets, planning to apply them to additives rst, and then gradually promote themto natural rubber. In 2024, Qingdao Doublestar will purchase 500 shared pallets.
Refinement
EnergyManagement
Establish a comprehensive energy management system to monitor and analyze energy usage inreal time to ensure that energy consumption in every link is effectively managed and optimized.
Adopt advanced production processes and technologies to reduce raw material waste, improveResourceEfficient
Use
resource utilization and reduce production costs.
construction of energy storage projects, reduction of dependence on traditional fossil energy,
and reduction of carbon emissions.
Large-Clean EnergyApplication
scale application of renewable energy such as solar energy, development and
Information
Through the extensive application of intelligent systems and automated equipment, efficient
AutomationandFusion
management of the production process and precise control of energy consumption are achieved.
Green Office
Advocacy
Promote environmental awareness education within the company and encourage employees to
save electricity and water and reduce waste of paper and other office supplies.
Promoting Recyclable Packaging Materials
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Qingdao Doublestar has taken a series of measures to save energy and reduce consumption in 2024, andhas launched a total of 65 energy-saving projects, including 35 electricity-saving projects, 26 steam-savingprojects, and 4 water-saving projects.
Energy Saving Management
Energy-saving management projects and e?ects
In response to global climate change and the promotion of green development, Qingdao Doublestar activelyembraces new energy technologies, vigorously develops and utilizes clean energy, introduces rooftop solarphotovoltaicpowergenerationsystemsforproductionandofficeuse,increasestheproportionofgreenenergy, and accelerates the construction of a clean, low-carbon, safe and e?cient energy structure system.Dongjiakou plant has achieved full coverage of photovoltaic power generation systems in its two majordomestic productionplant.Atthesametime,thephotovoltaicpowergenerationprojectoftheCambodianPlant hasenteredtheplanningandimplementationstage,whichwillfurther expand thecompany's green energy applications in overseas markets and help achieve global sustainable development goals.
Renewable Energy
(1)Dongjiakou Plant
The Dongjiakou Plant has completed the third phase of the photovoltaic project, achieving full coverageof photovoltaic power generation. The total installed capacity has reached 25 megawatts, with an annualpower generation of approximately 25 million kilowatt-hours. Photovoltaic electricity accounts for about18%, equivalent to an annual reduction of 14,000 tons of carbon dioxide emissions.In 2024, the photovoltaic project will add reactive power compensation devices. The reactive powercompensation device can adjust reactive power on site and support remote control of grid dispatching tofurther optimize power e?ciency. The photovoltaic phase II project will install two 1000 kvar SVG systems(static reactive power generators), and the photovoltaic phase I project will install two 600 kvar SVGsystems (static reactive power generators), which will be connected to the AVC system (automatic voltagecontrol) to protect the safety of grid equipment and power equipment. At present, the reactive powercompensation device project is being orderly constructed and will be comprehensively debugged andoperated through grid dispatching after the construction is completed.The previously planned 5.88MW/11.868MWh energy storage project is in active communication with allparties and is progressing steadily as planned. The application of energy storage will be considered in thefuture in combination with the time period of the power grid and the photovoltaic situation. It is expected tosignicantly improve the company's energy management e?ciency and green energy utilization rate.
(2)Shiyan Plant
The rst phase of the Shiyan Plant photovoltaic project has been completed, with a total installed capacityof 9.6 MW and an annual power generation of approximately 4.6 million kWh(April 2024 to December2024). Photovoltaic electricity accounts for 9.30%, equivalent to an annual reduction of 4,500 tons ofcarbon dioxide emissions.As the company's clean energy strategy continues to advance, the second phase of the photovoltaicproject at the Shiyan Plant is woring in progress and is scheduled to be put into use in the secondhalf of 2025, which will further expand the company's green energy production capacity.
Qingdao Doublestar Rooftop Photovoltaic Project
Power plant renovationSave electricity
200,000kWh/ year
Transformation of
permanentmagnetmotorforinternalmixer
Savestandardcoal64 tons /year
Optimizing thevulcanization processSave steam2,600 tons / yearVulcanizing pressreplacementSave steam946 tons / month
Technical transformation ofdigital production line forpassenger car tiresSave standard coal4,779 tons / year
Modification of steam trapof vulcanizing machineSave steam80 tons / day, 7 millionyuan / year
Nitrogen Booster UpdateProjectSave electricity
200,000 kWh/ year
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Qingdao Doublestar attaches great importance to the rational use of water resources and continuouslystrengthens scientific water management. During the reporting period, the total water consumption was555,894.00 tons, and the water consumption intensity was 1.36 tons/10,000 yuan. The total recyclewater consumption was 23,443,754.62 tons, and the total recycle water consumption intensity was 57.26tons/10,000 yuan.The company has fully implemented water-saving measures in production and operation, and is committedto improving the e?ciency of water resource utilization. The main measures taken are as follows:
·Optimize production processes to reduce water use;·Recycle the recycled water during the production process for reuse;
·Internal promotion, requiring employees to save water and turn o? taps in time.
Water Resources Management
Water-saving projects and water-saving benets
Green O?ceQingdao Doublestar pays attention to cultivating employees' sense of responsibility and environmentalawareness, and is committed to making the practice of a green and low-carbon lifestyle a conscious andspontaneous action of everyone.Starting from the details of employees' lives, Qingdao Doublestar carries out special initiatives such as greenpaper, green travel, green charity, green electricity, green dining, and environmental training.It always advocates green o?ce and low-carbon travel, supports energy conservation and carbon reductionwith a green and low-carbon o?ce model, and carries out the "Safety and Environmental Protection Month"activity, which is committed to reducing carbon emissions and resource waste, improving employees'environmental protection and low-carbon awareness, and creating a green and safe corporate culture.
Green O?ce Initiatives
Original softened water
Save softened water200 tons / day
Save tap water166 tons /Condensate reuse
dayExtrusion line large
cycleSave tap water3,840 tons / year
Steam pipeline condensate
recovery and reuseCondensate recovery
200 tons / day
Recycled water reuse project
Save tap water100 tons / day
Green CharityEnvironmental Training
Green Travel
Green Paper
Green Dining
Green Electricity
?Carry out the "Safety andEnvironmental ProtectionMonth" activity to enhanceemployees' awareness ofenvironmental protection
and low carbon?Order food on demand toreduce waste?Promote the Green DiskMovement
?Utilize the waste heat from theproduction base steam to heat the o?cebuilding and set the air conditioner inconstant temperature energy-savingmode?Double-sided paper to reduce repeated
?Eliminate long-burned lights and makefull use of natural light
printing times?Promote paperless o?ce?Popularize paperless communication
?Provide commuter shuttle
?Use of electronic documents andtransmission
bus, green travel?New energy charging stationsare installed in the park toencourage employees?Traveling with new energyvehicles
?Carry out voluntary treeplanting activities to builda green home
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Emissions and Waste Management
Qingdao Doublestar regards protecting the ecological environment as its mission, adheres to theconcept of scientific governance, actively promotes the treatment principles of waste "reduction,resource utilization, and harmlessness", carries out measures such as equipment introduction andprocess optimization, and reduces pollutant emissions in an all-round and multi-dimensional manner,reduces various types of pollutants and waste, achieves compliant and safe emissions, and strengthenscomprehensive waste management and safe disposal of hazardous waste.The company regularly optimizes the system process, strictly follows the internal management methods,and guides the classication management of waste in a standardized and normalized manner. In 2024,the company focused on optimizing and updating the "Regulations on the Management of HazardousWaste Discharges" to clarify the relevant responsibilities and requirements. At each production base,Qingdao Doublestar strictly implements waste classification and storage measures, distinguishesbetween general solid waste and hazardous waste, and entrusts a third-party organization withprofessional qualifications to be responsible for the safe disposal of hazardous waste, ensuring thecompliance and environmental protection of waste management.
The company strictly abides by national and industry standards such as the "Rubber Products IndustryPollutant Emission Standards", "Hazardous Waste Storage Pollution Control Standards", "IndustrialEnterprise Plant Boundary Environmental Noise Emission Standards" and relevant laws and regulationsin the operating area to carry out environmental management work, from source control of waste tonal treatment, implementing strict process monitoring, governance and disposal to improve the factoryenvironment.
Environmental Monitoring and Third-party Testing
The company's "Environmental Protection Special Monitoring Plan" stipulates the requirements forregular self-monitoring of wastewater, waste gas, solid waste, noise and other wastes, and the inspection,maintenance and update of relevant environmental protection facilities to ensure the normal operationof equipment and prevent waste leakage. In addition, the company specially hired a third-party testingagency to conduct comprehensive monitoring of emission indicators such as waste gas, wastewater,waste and noise to ensure that the negative impact on the environment is continuously reduced duringthe production and operation process.
?Management system:
<Environmental Protection Management System>,<Dust Removal andOdor Removal Daily Inspection Management System>
?Measures:
1.Develop operation control, safe operation plans and maintenance standards for
deodorization equipment, and arrange dedicated personnel for maintenance.
2.Carry out supervision testing and online monitoring comparison on a quarterly
basis to ensure that exhaust gas emissions meet emission standards. 3.Upgrade and transform equipment to reduce emissions of air pollutants.
?Management system:
<Environmental Protection Management System >,< Rainwater andSewage Pipeline Network Daily Inspection Management System>?Measures:
1.Online monitoring 2.Classication treatmen 2.Recycling and Utilization
?Management system: <Environmental Protection Management System>,<HazardousWaste Safety Operation Procedures>,<Hazardous Waste ManagementRegulations>,<Environmental Safety Operation Procedures for the Classified Collection,Transportation, Storage, Transport and Disposal of Hazardous Wastes>,<Regulations onthe Management of Hazardous Waste Discharge>,<Hazardous Waste Identication MarkingSystem> and <Hazardous Waste Pollution Prevention and Control Responsibility System>?Measures:
Source reduction. Classied storage Process improvement Third-party recycling, processing and disposal Warehouse maintenance and renovation
?Management system:
<Environmental Protection Management System>,<EnvironmentalNoise Emission Standards for Industrial Enterprises>?Measures:
1.Formulate noise control procedures, optimize process ow, reasonably arrange
equipment operation time, and regularly maintain and service equipment to e?ectivelyreduce noise.
2.At the same time, noise levels are tested regularly to ensure that production
activities always comply with laws and regulations.
Mission and Governance Philosophy
System Optimization and Categorized Management
Compliance with Standards and Source Control
Examples
In 2024, Qingdao Doublestar carried out a waste gas treatment facility upgrade and renovation project:
A separate collection pipeline was made for the rubber cooling line of the rubber rening workshop 1, andtwo sets of waste gas treatment facilities with an air volume of 150,000 were added. The treatment processwas "ltration spray + injection plasma + activated carbon adsorption box", which improved the smoke anddust inside the workshop and reduced unorganized emissions.The second is to update the low-temperature plasma of some calendering and vulcanization processes toinjection plasma for deodorization equipment ue gas treatment. Compared with the original equipment,the exhaust gas does not directly contact the plasma generator, the operation is stable, the power isadjustable, the structure is compact and the space is small, the treatment efficiency is higher, and it issafer.
Wastewater
Hazardous
and solidWaste
Noise
Emission and waste classication management
Exhaust
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Cleantech Opportunities
In 2024, Qingdao Doublestar will continue to uphold the core concept of innovation-driven and greendevelopment, deeply analyze market demand and industry trends, gather top R&D teams, and exploreinnovative paths. We emphasize both green environmental protection and excellent performance, and plan
Qingdao Doublestar focuses on technological innovation and strives to achieve disruptive innovation ofnew products. By identifying industry development trends and opportunities under the green developmentenvironment, it seizes the market demand for green products and technologies and implements a full-link low-carbon strategy. The company actively implements the green concept into product innovation,raw material innovation and other links, strengthens formula development, sustainable material researchand development, appearance and structural design, and launches high-end, differentiated, high value-added products. It is committed to the research and development and production of green, low-carbon, andenvironmentally friendly products with comprehensive excellent performance such as low rolling resistanceand fuel saving, long-lasting wear resistance, and noise reduction, as well as products for the new energyvehicle industry. It not only reduces the environmental burden, but also wins market recognition and sets anexample for the green development of enterprises.
strategic directions in a forward-looking manner.
In terms of new energy product iterationthe DLA115 series has been awarded the green product certification, demonstrating ourcomprehensive innovation in materials, processes and tire performance. From improving energyefficiency to enhancing wear resistance, to promoting environmental protection concepts andapplying environmentally friendly materials, our various product series have embodied the uniquegreen innovation charm, contributing to reducing carbon emissions and promoting sustainabledevelopment.In the research and development of green technology and productsthe company has established a finite element simulation department, formed technical servicecapabilities for tire material testing and characterization, static and dynamic mechanical performanceprediction and analysis, and vehicle dynamics research, and equipped with special simulation andverication equipment for tire material preparation, testing, and nished tire performance testing, etc.,and has the ability to independently carry out tire nite element modeling, performance simulation,and dynamic performance development, which is rare in the industry.In the realm of core and critical technologiesThe company conducts research on tire fuel economy simulation and test verication technology,and tackles key core technologies, such as research on fuel economy simulation and test vericationtechnology for electric vehicle tires in low-temperature environments, and research on the impact ofstructural parameters on the performance of special tires for electric vehicles. The current simulation
For existing small tire products, we have accelerated the upgrade of green performance in line with thenational standard change requirements. It is expected that the rolling resistance of the entire product line willbe improved by more than 10%, and the carbon dioxide emissions will be reduced by more than 3%. In theeld of large tires, we have strengthened the research of core technologies through the application of newmaterials and cooperation with universities to cope with risks and strive to break through the "devil's triangle"problem in the tire industry. The goal is to achieve the "AAA" rating of tire products in the next ve yearsaccording to the T/CRIA 11003-2016 standard and realize industrialization.The company's main star green products
Green Technologies and Products
(1) EV new energy vehicle tires are upgraded and upgraded to improve safety and wear
resistanceIn 2024, the company launched the upgraded new energy product EXTREME EV97. Compared withthe previous generation of products, this product has improved dry and wet braking safety, wearperformance, noise and other performances. At the same time, it has achieved relevant certificationsfor the entire series of high-load tire products, leading the industry.This product has achieved improvements in dry and wet braking safety, wear and other performancesthrough the application of three major technologies: large rim protection design, high anti-slipperformance upgrade, and high-load structure upgrade. When braking at a speed of 80km/h, the wetbraking distance of EV97 is shortened by 1.44 meters compared with the previous generation, and thedry braking distance is shortened by 0.45 meters. The tire noise is reduced by 2.3dB, and the rollingresistance reaches EU label B level or above.
Comprehensive performance evaluation results
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The DLA115 series products have been certified in accordance with GB/T 40718-2021 "Green Product Evaluation - Tires", with rolling resistance of 4.12, noise of 70.2, and wet grip of 1.19, all of which havepassed the green product evaluation requirements. The rolling resistance is reduced by 32%, and thefuel consumption is reduced by 6.4%. While adjusting the structural optimization, the weight of the tireis reduced. The use of a new type of ultra-high-strength steel cord reduces the wear between
(2)DLA115seriesproductshavebeenoptimizedandupgradedtopassthegreen product evaluation
requirements
monofilaments and improves the tire durability by 8%.
(3) EU AAA grade tire innovation, expanding the OE supporting market
With the rapid development of new energy vehicles and their structural differences from traditional fuelvehicles, new energy vehicle tires are very different from traditional tires, and higher performancerequirements are put forward:
①Lowrollingresistanceandlightweightrequirements;②Ultra-quietrequirements;③Highgripandhighanti-slipabilityrequirements.Based on the needs of the above car manufacturers, we will simultaneously expand the EU AAAtechnology to the OE supporting market, and in 2024, we have completed the supporting supply of 5new energy models of Chery and Geely.
(4) The performance of all-explosion-proof tires has been optimized and upgraded,
making them green, environmentally friendly, wear-resistant and low-noiseIn 2024, the performance of ordinary full-explosion-proof tires will be comprehensively improved.Through the upgrade of tread rubber, its rolling resistance performance has been improved by 10%,wear performance has been improved by 11%, and the wear resistance of the tip has been improvedby 50% - 70%. At the same time, the new energy full-explosion-proof tires launched have performedwell. Currently, 58 specifications have been launched on the market. Its performance characteristicsperfectly match the many characteristics of new energy vehicles, such as heavy vehicles, high torque,fast acceleration, low noise, and no spare tires. When the vehicle speed is between 60 and 90 km/h,the noise inside the car can be reduced by 2 to 3 decibels compared to the original silent cotton tires,and at a speed of 60 km/h, the zero-pressure driving mileage can reach at least 30 km.
(5)Rareearthgoldproductmaterialsandprocessinnovationtojointlypromote
energy conservation and emission reductionIn2024,QingdaoDoublestarfocusedonincreasingtheapplicationresearchofnewinnovativematerialsfor"rareearthgold"products,andspeciallyselectedanew typeofhighlywear-resistantandlow-hysteresiscarbonblackwithhigherstructure,whichsignificantlyimprovedthereinforcementperformanceoftheproduct.Itisworthmentioningthatwhileensuringthattherollingresistanceoftheproductremainsattheoriginallevelanddoesnotincrease,thewearperformanceoftheproducthasbeensuccessfullyimprovedbymorethan10%,therebyhelpingthevehicletoachieveahigher mileage.At the same time, through process optimization, the production efficiency has been greatly improvedby 20%, effectively reducing the company's manufacturing costs, achieving good results in energyconservation and emission reduction, and helping the company achieve sustainable development in all aspects.
In 2024, the "rare earth gold" low rolling resistance and high wear-resistant tire won the second prize of the Shandong Rubber Association Science and Technology Award.
The second prize of Shandong Rubber Association Science and Technology Award
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(6) The power-boosting wheel products have been innovated in many aspects, and their
durability has been greatly improvedIn non-highway fields such as mining and engineering, due to extreme terrain and bumpy roads,tires wear out faster, causing deformation and increasing the risk of tire blowout and loss of control.Qingdao Doublestar has launched the "black technology" of the tire industry - "power-enhancingwheels" to address this problem. "Power-enhancing wheels" subvert the design principles, materials,processes, equipment, sales and service models of the traditional "tire + rim". There is no need forination, rims, wheel removal, and no tire blowout. The life span can match the vehicle and can beup to 15 years. Not only does it use almost no rubber, it can also reduce carbon emissions, bringingepoch-making and subversive changes to the world's tire industry.In 2024, the main R&D innovation of the power-boosting wheel will focus on three key aspects:
product specication expansion, continuous optimization of tread pattern, and improvement of productdurability. By adjusting the internal structure layout, improving the connection method of brake parts,and optimizing product materials, the indoor durability performance has achieved a signicant leap,from the original 57 hours to 108 hours, a performance improvement of up to 89%.
Power Wheel
(7) New energy heavy-duty truck tires have improved grip and wear resistance, making them
safe and reliableWith the popularization of new energy vehicles, the market demand for new energy tires has increasedsignificantly. However, due to the large instantaneous torque when new energy vehicles start andaccelerate, the tires slip and the average wear decreases by about 30-50%. In 2024, the companymade innovations in tire design for new energy bus tires, using special materials such as new steelbelt layers to enhance the tire's puncture resistance and load-bearing capacity by about 20%, andreduce crown deformation by 5%. At the same time, a special tread formula and pattern design areused to e?ectively improve the tire's grip and wear resistance.
(8) Special tires for the western region
In 2024, we will vigorously respond to national policies to promote the development of the westernregion. Infrastructure construction and industrial development will bring about rapid development ofthe automobile transportation industry. We will develop a special tire 12R22.5 in combination with theenvironment and road conditions in the southwest region. Through STOT prole design technology,the ultra-wide driving surface is combined with the saturation of the pattern and the comprehensivedesign of the rubber compound, so that the tire can maintain su?cient grip in complex road conditionsand diverse weather conditions, ensuring safety performance and increasing its service life by morethan 20%.In the future, the company will continue to develop green technologies and products, enhance coretechnology research and risk response capabilities through the application of new materials andcooperation with universities, and ultimately achieve a certain breakthrough in the "devil's triangle"problem in the tire industry, so that tire products can reach the T/CRIA 11003-2016 "AAA" level ofindustrialization.
Qingdao Doublestar focuses on deepening innovation from the three dimensions of high performance,environmental protection and carbon reduction, integrating green and environmentally friendly sustainablematerials into product design and manufacturing, and promoting technology exploration and reserves in alldirections from basic theoretical research to formula innovation and development. Not only does it covermore types of tire products in breadth, and use bio-based materials and recycled materials to replace
Sustainable Materials Innovation and Application
Accelerate the completion of basic research on bio-based synthetic rubber. A large amount of dataanalysis and testing has been carried out: the application and reserve of bio-based cis-1,1-butadienerubber and bio-based solution-polymerized styrene-butadiene rubber, and the development ofContinue to develop and reserve a variety of bio-based raw materials: including rice husk ash whitecarbon black, bio-based oil, bio-based oil carbon black, etc.Carry out various recycling of raw material reserves: including steel cord from recycled steelproduction, tire pyrolysis carbon black, etc.
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Qingdao Doublestar, together with China National Building Material Group and QingdaoUniversity of Science and Technology, has conducted in-depth research and optimizationon China National Building Material’s mineral resources, aiming to develop innovativesustainable materials to efficiently replace traditional carbon black materials.Qingdao Doublestar has established a strategic partnership with Black Cat Carbon Blackto jointly develop carbon black using tire pyrolysis oil as raw material, and cooperated withXingda to develop steel cord and bead wire using steel wire recycled from waste tires as rawmaterials.These collaborations not only aim to maximize the transformation of resource value, but alsohighlight the core concept of green environmental protection. They strive to achieve bothenvironmental friendliness and economic benefits while promoting industrial upgrading, andrealize a new situation of mutual benefit and win-win for all parties.
At present, the company has successfully introduced and promoted the application anddevelopment of a series of environmentally friendly materials such as recycled rubber andpyrolysis carbon black. Among them, the design, development and industrialization project ofbio-based green and low-carbon tires has been selected as a Industrial design key project
Examplesresearch of the Ministry of Industry and Information Technology in 2024.
Natural rubber
Synthetic rubber?Recycled rubber
√√
?Recycled styrenebutadiene rubber√
√?Bio-based butadienerubber (in progress)?Recycledbutadienebutadiene rubber(in progress)
Steel wire?Recycled polyesterber
√√
?Bio-based nylon (inprogress)
Plasticizer (Oil)
?Modied cashew oil
√√
?Modied soybean oil√√?Recycled oil√√
?Bio-based silaneProcessing aids
√√
?Dispersant√√?Anti-aging agent√√?Stearic acid√√
White carbon black?Natural rubber Rice huskwhite carbon black
√√
?Bio-based oil carbon black (in progress)Pyrolysis oil carbon blackCarbon black
(in progress)Pyrolysis carbon black
√√
?Recycled steel cord
Steel wire
√√
?Recycled bead wire√√
?Natural rubber√√
Research on sustainable materials for various parts of tires
The company has launched our first PCR (passenger car radial tire) and TBR (radial truck tire)sustainable concept tire products. This technology not only meets the basic performance of tiresafety and reliability, but also makes the sustainable materials of tires account for more than70%, exceeding the goal set at the beginning of the year. In 2025, the company will continueto research sustainable material tire technology, continuously increase the proportion ofsustainable materials in products, and strive to develop tires with 80% sustainable materials.
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Circular Economy
Globally, the development of a circular economy and the coordinated advancement of economic growth andclimate goals have become an irreversible trend.
It covers the entire life cycle of product design, production, consumption, recycling and disposal, andproposes specific goals and actions, such as improving the durability, repairability and recyclability ofproducts. It aims to reduce resource consumption, improve resource utilization efficiency and reducewaste generation through a series of measures.
Circular Economy Action Plan
This plan released by China's National Development and Reform Commission denes the key tasks forthe development of the circular economy in the next ve years, emphasizes the principles of "reduction,reuse and resource utilization", promotes the recycling of key areas such as plastics, electronic products,and automobiles, and encourages green design and clean production.
" 14th Five-Year Plan" Circular Economy Development Plan
China
It is required to implement green, low-carbon and circular development actions, accelerate the clean,circular and low-carbon transformation of the entire process of the industry, and continuously improve theoverall energy e?ciency level. Key enterprises should establish a domestic waste tire recycling network ,accelerate the formation of a large-scale industry chain of refurbishing and remanufacturing of used tires,producing recycled rubber and vulcanized rubber powder from waste tires, and thermal cracking andrecycling of waste tires.
" Shandong Province's Action Plan to Promote the Development of New
Quality Productivity in the Tire Industry ( 2024-2027 ) "
European Union
Domestic and international circular economy policies
Shandong Province
Faced with this consensus path, Qingdao Doublestar has responded positively and is vigorouslyimplementing the product life cycle management strategy, aiming to run through every link in the entirelife cycle of the product from research and development, raw material procurement, manufacturing,transportation, use to waste tire disposal, and comprehensively reduce the impact on the environment.The company is committed to reducing greenhouse gas emissions, saving resources, reducing waste, andminimizing the impact on the environment at all stages. At the same time, the company works closely withDoubleStar Ecostar Holdings Limited, to jointly layout the waste tire recycling industry. Through innovationand technological progress, it continuously optimizes the recycling and reuse processes, strives to create acomplete circular economy industry chain, and set an example for the sustainable development of theindustry.
Product Lifecycle Management
Qingdao Doublestar has formulated a full life cycle management strategy, which focuses on eachdepartment's independent reduction of environmental protection and efficient use of resources in theirrespective responsible links, and emphasizes the synergy between departments. The company has builta modular simulation design platform based on digital models and a product life cycle management (PLM)digital management integration system. Through the development of a digital management integrationsystem, raw materials can be controlled from procurement, design, manufacturing, sales and other links,providing a solid foundation for the overall product life cycle management.In the future, the company will strengthen collaboration among departments to ensure green management ofthe entire process from raw material procurement to product disposal.
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Green packaging and transportation
Waste tire disposal?Promote the recyclingand reuse of waste tires.
?Promote lightweight and reduced packaging;?Use reusable pallets;?Adopt centralized delivery and truckload delivery strategiesto encourage customers to place orders for truckloads;?Advocate a green delivery model where multiple householdsin one place share a vehicle for delivery, or multiplehouseholds share a vehicle for delivery;?Promote the use of clean transportation methods.
Product development?Increase R&D efforts in tireproducts for green industries andlaunch high-performance EV-specic tires;?Research, develop and promotelow-carbon, energy-saving andenvironmentally friendly greenproducts, such as low rollingresistance tires, fully explosion-proof tires, low-profile green cartires, etc.?Actively promote a number ofresearch projects on sustainablematerials, such as rice husk ash
Raw materials
and carbon black bio-based oil,
?Use sustainable materialsand increase the proportion ofsustainable materials used;
recycled steel cord, etc.
Manufacturing?Improve the process toreduce pollutant emissionsduring the productionprocess;?Equipment upgrade toreduce energy consumption;?Apply clean energy;?Advocate green officemodel.
Qingdao Doublestar Tire's Product Life Cycle Management Initiative
Digital systems provideunderlying technical support forfull life cycle managementThe company has developed andimplemented a digital managementintegration system that covers key links suchas raw material procurement, design, andmanufacturing, and extends to the sales andservice stages, achieving comprehensivecontrol over the entire life cycle of tireproducts. Through refined managementof each link, it is possible to monitor theproduction progress, quality status, andlogistics information of products in real time.
(2)Recycling of waste tires
Tire Recycling and Reuse
(1)Recycling of defective products
QingdaoDoublestarhasalwaysadheredtothestrictqualityconceptof"defectiveproductsarewasteproducts,andwasteproductsmustbechoppedoff",andiscommittedtominimizingthegenerationofdefective and waste products and improving resource utilization e?ciency through rened management andtechnologicalinnovation.Atthesametime,by implementing a waste tire storage plan and an e?cientrecycling and reuse mechanism, it continuously optimizestheproductionprocess, improvesresourceut-ilizationefficiency,reducesthedemandforraw materials,reducesenergyconsumptionandcarbonemissions,signicantlyreducesresourcewasteinthe production process, and achieves considerable costsavings.
QingdaoDoublestarandDoubleStar Ecostar Holdings Limited work hand in hand to achieve high-value,environmental protection, minimized and intelligent environmental impact of products, achieve greenecological recycling, focus on the green ecological recycling of waste tires, expand the industrial chainfrom the traditional R&D and manufacturing field to the full life cycle management of recycling andrecycling, and carefully cultivate the circular economy industrial chain of rubber tires.Relying on pyrolysis technology, waste tires can be completely transformed into high-value products:
about 40% into primary oil, 30% into environmental protection carbon black, 20% into steel wire, andabout 10% of combustible gas, truly realizing the "complete recycling" and "zero waste" of waste tires.For every 10,000 tons of waste tires processed, 11,000 tons of carbon dioxide emissions can bereduced, highlighting the concept of "zero pollution, zero residue, zero emission, and full utilization" inthe process of waste tire treatment.
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Biodiversity Conservation
Qingdao Doublestar has always maintained a deep concern for the potential impact of its operations onbiodiversity, and strictly abided by a series of relevant laws, regulations and policy guidelines, includingthe "Opinions on Further Strengthening Biodiversity Conservation" issued by the General Office of theState Council, the "Soil Pollution Prevention and Control Law of the People's Republic of China", and the"Groundwater Management Regulations" .During the reporting period, the company took the opportunity of the "Safety and Environmental ProtectionMonth" event to actively organize education and training on biodiversity knowledge, participate in marinelife protection activities, carry out Arbor Day theme activities and mobilize young volunteers to carry outtree planting and afforestation public welfare activities in the factory area, aiming to deepen employees'understanding and sense of responsibility for biodiversity protection.In addition, the company conducts regular ecological monitoring: regularly monitors and evaluates theimpact of pollution around the base on biodiversity to ensure that the impact of the base's production on theecological environment is within a compliant and controllable range.
During the 2024 Arbor Day, the company organized young volunteers to carry out voluntary tree plantingactivities in the factory area. At the tree planting site, everyone had a clear division of labor and carriedout activities such as tree planting, soiling, and watering. Through the implementation of voluntary treeplanting activities, the cohesion of the team has been enhanced, and the ecological civilizationawareness of "planting green, protecting green, and loving green" has been improved. The conceptof ecological civilization and low-carbon life has been implemented with practical actions, and theirown strength has been contributed to the construction of a green home.
Examples
Tree planting activitiesWaste tire recycling process
Waste tires ELTs
Crush
Pyrolysis
Steel wire Recycledsteel
Pyrolysis Carbon Black RCB
New Tire
Pyrolysis
Pyrolysis Oil TPO
Feed stock
Industrial Carbon Black VCB
AppendixEnvironmentalEnvironmentalSocialGovernanceNational Strategic Sustainable DevelopmentAboutMessage fromthe ChairmanAboutthis ReportResponseManagementDoublestar
S
Social Responsibility &State-Owned EnterpriseCommitment
?Talent Cultivation and
Development?Employee Car?Occupational Healthand Safety?Product QualityManagement
?Innovation and IntellectualProperty Protection?Customer Service and Rights?Supply Chain Management?Community Activities andPublic Welfare
7778
79.0%
21.0%
66.0%
34.0%
69.0%
31.0%
83.0%
17.0%
Talent Cultivation and Development
Diversity and InclusionThe company is committed to creating a dynamic and inclusive corporate culture, bringing together talents from allregions and elds around the world, forming a pluralistic and equal corporate culture, respecting and giving full play to thecharacteristics of each employee, fully exploiting their potential, and jointly promoting the development of the company.We oppose any form of discrimination and are committed to creating a fair and just working environment, eliminating theinclusion of non-work factors such as ethnicity, race, gender, religion, color and other factors in the recruitment process,so that all employees enjoy equal employment opportunities and career development paths.By the end of the reporting period, the Company had added1,3701,370 new employees, bringing the total number ofemployees to5,1615,161.
Standardize Employment Relationships
Percentage of localized recruitmentat domestic bases is70%70%, showingan upward trend from year to year
? the average recruitment cycle for generalsta? is 30 days.? the average recruitment cycle for middlemanagement is 50 days.? the average recruitment cycle for seniormanagement is 70 days.
? employee contract signing rate
100%100%.? During the reporting period,there have been no violations ofemployee employment laws andregulations or any litigation.
Overall male/female ratio
ManagementChannelmale/femaleratio
83%83%
Percentage of MinorityEmployees
13.97%13.97%
The company has established the "Young Talent Pipeline Development Plan" and the "Group Manager Selection andAppointment Platform," clarifying internal hiring processes and talent pipeline construction plans. These initiatives providea broad stage for the development of young talents, cultivate and promote outstanding individuals, and implement asystem of merit-based selection and elimination. Employee career development follows a principle of progression fromlower to higher levels, with three career development paths set up for employees: management, professional, andtechnical, ensuring smooth channels for employee promotion.
All employees of the company undergo performance assessments each year, with a100%100% coverage rate in the year-end evaluations. Assessments are categorized into performance-related compensation, sales commission, pieceworkfor workers, and non-piecework for workers, to evaluate employees in di?erent positions. Additionally, all managementpersonnel are subject to a 360-degree feedback assessment annually as a qualitative measure to quantify their workoutcomes. The controlling shareholder, DoubleStar Group, leads the annual selection of honors such as significantinnovation breakthrough teams, leading teams/individuals, advanced teams/individuals, and Rising Star awards.In 2024, Qingdao DoubleStar selected multiple awards to recognize employees' special contributions in areas such asmarket, research and development, manufacturing, quality, and management.
SpecializedChannelmale/femaleratio
MechanicChannelmale/femaleratioMaleFemale
Qingdao DoubleStar strictly adheres to the "Labor Law of the People's Republic of China," the "Labor Contract Law ofthe People's Republic of China," and the "Labor Law of the Kingdom of Cambodia," as well as other relevant laws andregulations in the areas of operation. It follows the principles of fairness, justice, openness, and merit-based recruitment,utilizing the mature employment management systems of its controlling shareholder, DoubleStar Group, such as the"Group Social Mature Talent Recruitment and Employment Management Platform" and the "Employee ResignationManagement Measures." These systems clarify mature recruitment processes and transparent job qualificationrequirements, actively promoting local employment rates and fulfilling the social responsibilities that a state-ownedenterprise should bear.The company's recruitment channels are uniformly planned and applied by the controlling shareholder, DoubleStarGroup. The company has established a Labor Law Supervision Committee under the trade union, which is responsiblefor daily organization and promotion of labor laws and regulations, supervising the compliance of employers with laborlaws and regulations, handling complaints and reports of violations of employees' legal rights, safeguarding the legalrights and interests of employees, building harmonious labor relations.
Assessment and Promotion of Talents
chief engineerProfessionalchannelsenior chief
engineersenior engineerengineerassistantengineertechnician
general manager
Management
channelunit general
managerdeputy unitgeneral managerbusiness unithead
managerteam leader
officer
chief technician
senior worker
mastertechnicianseniortechniciantechnician
TechnicianChannel
3 MajorInnovationBreakthroughTeams7 advancedteams
50 advanced
craftsmen
5 RisingStarAwards
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AppendixEnvironmentalSocialSocialGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAboutthe ChairmanMessage fromthis ReportAbout
Cambodian employee trainingCambodian employee trainingTo assist local employees in Cambodia in better integrating into the company and quickly adapting to job responsibilities,the company actively carries out various training programs. In accordance with the relevant environmental protectionregulations of Cambodia, an Environmental and Safety Department has been established, with designated personnelresponsible for the management of wastewater, exhaust gases, hazardous solid waste, employee environmentalprotection knowledge training, and the dissemination of related environmental protection regulations and policies,ensuring the company's compliant operations.
Cambodian sta? training
In 2024, the total number of hours of training per employee of the company was 65.5hours, of which the number of hours of training per management was 90.94 hours.Thecost of the training investment was $1.4 million, and a total of 9,373 training sessionswere organized, with100%100% coverage of employees receiving training.
Qingdao DoubleStar always adheres to the concept that "employees are family," aiming to create a warm workingenvironment and foster a healthy and happy atmosphere. The company focuses on the well-being of its employeesand extends its care to them. During the reporting period, the company invested a total of 418,200 yuan in employeecare aspects such as marriage, children's education, marriage subsidies, and assistance for employees in di?culty.Theamount is 40.67% higher than last year.Assistance for Employees inDi?cultyDuring holidays, the company actively carriesout visitation and consolation activities. Thetrade union leadership understands the actualdi?culties of employees and provides nancialassistance and supplies to those in need.
Multi-Channel Development and Training
Employee CareQingdao DoubleStar rmly establishes the concept that talent is the "primary resource" and attaches great importanceto talent development. It continuously improves employee training system, comprehensively establishes a learningorganization, ensures that every employee has ample opportunities for training and advancement. Qingdao Doublestaradopts the training system of its controlling shareholder and has obtained the ISO 10015 Training System Certication.The company's training efforts are centrally managed by the human resources platform, conducted through acombination of "Xingyun School" online learning platform and o?ine training. The content covers a wide range of areasand dimensions, such as corporate culture, environmental protection, occupational health, safety production, andprofessional skills, aiming to facilitate the rapid growth of highly skilled talents and comprehensively improve personnelquality.The company has established a talent assessment mechanism to achieve a comprehensive evaluation andunderstanding of talents. Based on different job levels, different job series, and the needs of employees, it hasestablished three vertical training and development channels: management, professional, and technical, and carriesout "three forces training" in competency, improvement, and innovation capabilities. This ensures that every employeereceives personalized training courses suitable for their needs, helping to realize their self-worth.In addition, the company conducts environmental protection regulation training quarterly to popularize relevantregulations, ensure the company's compliance with environmental protection work, enhance the sense of responsibilityand urgency of employees towards environmental protection, and improve environmental awareness. The company alsoperiodically invites external experts to provide targeted training on sustainable development, covering various aspectssuch as climate change risk identication and response, key points of tire product carbon footprint accounting, and LCA(Life Cycle Assessment) evaluation, providing a solid foundation for the company's sustainable development.
Employee Support
Women Employee CareInitiativesThe company has established a Women Workers'Committee, o?ering job adjustment services forpregnant and nursing female employees, and hasset up a "Mother's Love Room" to provide a private,hygienic, and safe resting environment for femalesta?. The company also organizes health lecturesand medical services to provide professionalhealth care knowledge and services for femaleemployees.
Supporting FacilitiesThe company provides a variety of supportingfacilities for employees, such as a gym,recreational rooms, and a reading room, toenhance their happiness index.
Additional VacationThe company o?ers various types of vacation toemployees, such as paternity leave, parental leave,and carer's leave. For instance, male employees onduty are provided with 15 days of paternity leave,a total of 10 days of parental leave annually beforethe child reaches the age of 3, and a varying annualcarer's leave ranging from 7 to 10 days.
The company actively organizes a variety ofcultural and sports activities to fully stimulatethe employees' passion and vitality, e?ectivelyimproving the physical tness of all sta?
Cultural and Sporting Activities
members.
The company places great emphasis onenhancing the working environment for itsemployees. It purchases and installs odor removalequipment, adds cooling and temperaturereduction devices to meet the needs of workers inhigh-temperature processes, and provides electricfootrests and other convenient transportation
Working Environment
tools to increase work comfort.
8182
Multi-Communication PlatformMulti-Communication Platform
Suggestion boxesphone communication
Periodic researchWorkers' congress
development development
objectiveobjective
? ?The company strictly pays overtime pay to workers inaccordance with national regulation.
? ?The company contributes to the five social insurances andone housing fund for employees as stipulated by law, with acompliance rate reaching 100%.??The company follows established systems to issue allowancessuch as high-temperature subsidies, night shift subsidies,seniority allowances, and health care allowances to employees.
Every six months, Qingdao DoubleStar conducts employee satisfaction survey tocollect employees' opinions and suggestions, so as to identify and solve the existingproblems in time and further improve employees' satisfaction and loyalty. Employeesatisfaction survey contains four modules, namely office environment, welfare andtreatment, training and learning and comprehensive. The scope of the survey coversall departments of the company. 800 questionnaires were issued during the reportingperiod, all of which were collected on schedule, and the average satisfaction level ofthe employees was between basic satisfaction and satisfaction as a whole. Employeesatisfaction survey reasonably classies employees into management sta?, frontlinesta? and auxiliary sta?, etc. By analyzing the graded satisfaction of employees, wecan more e?ectively locate and improve the related problems.
Department coverage100%100%E?ective recovery rate100%100%The average employeesatisfaction score is
95.7995.79, and
overall employee satisfaction is
high.
The company places great importance on the physical and mental healthof all employees, and is committed to providing comprehensive pre-employment medical examinations, regular health checks, and in-servicehealth checks. The coverage rate for annual in-service health checks andoccupational disease examinations is 100%.In order to protect the life safety and health of the employees, the companypurchases accidental injury insurance for the employees, especially for theemployees who travel frequently and have high risk of accidents, to
Occupational Health and Safety Management System Certication
for Shiyan Base and Dongjiakou Base
Multi-Category Employee Communication Channels
Compensation and Benets Assurance
TargetManagementSystem
safety goalsafety goalbusiness businesstargettargetcontrol controlobjectivesobjectives
Employee Satisfaction
provide economic protection for the accidental injuries that may occur during the working period, which largely reducesthe economic burden of the employees due to accidental injuries.With the o?cial commissioning of the Cambodian plant, the company not only pays social insurance for the expatriatecross-border employees at home according to the national requirements, but also buys overseas personal accidentinsurance for all cross-border employees, with a coverage rate of 100%; in addition to the local social insurance paid bythe locally recruited Cambodian employees at the Cambodian plant, the company also buys personal accident insurancefor Cambodian employees, with a coverage rate of 100%.The company continuously organizes publicityand lectures for employees' physical and mentalhealth. The Occupational Health ManagementOffice sets up knowledge education onprevention and control of occupational diseasehazards and emergency rescue measures foroccupational disease hazards accidents inprominent positions in the production workshops,sets up warning signs in prominent positions,and conducts pre-service occupational healthtraining and regular occupational health trainingduring the period of employment, and urgesemployees to comply with occupational disease
Qingdao DoubleStar attaches great importance to the opinions and suggestions of every employee, in order to betterprotect the rights and interests of the majority of the company's employees, and to coordinate and solve in a timelymanner the hot and difficult issues of concern to the majority of the employees, the company has set up a perfectfeedback mechanism for employees, providing employees with a variety of ways to communicate their ideas and views,and organizing relevant personnel to verify and correct the feedback in a timely manner, and the results of the process tobe publicly responded to. Through the diversied communication platform, it ensures that the opinions of the employeescan be fully expressed and valued, and the e?ective expression of opinions and e?ective feedback can stimulate the
prevention and control laws and regulations andoperating procedures.
employees' sense of participation and sense of belonging, and promote the continuous improvement and development ofthe company.
In each factory workshop,10 suggestion boxes forEstablishing a statutoryplatform for employeesto participate indemocratic decision-making, management andsupervision of enterprisesin accordance with the law,giving full play to the role ofemployee representativesin democratic managementand supervision, andsafeguarding the legitimaterights and interests ofemployees.
rationalization proposalsemployees to submit theiropinions at any time.The trade union regularlycollects employee issuesneeds.
Employees can directly callhave been set up, allowingissues and suggestionswith the responsiblepersons, which allows fora more direct and e?ectiveconveyance of their needs.and provides feedback to allAdditionally, employeessta?, meeting their legitimatecan call the disciplinaryinspection committee'sreport.
Base 2 times a month xed
the team leader or workshop
to carry out sta? reception
phone to communicate their
day activities, members ofthe leadership team to carryout regular communicationwork with employees, timelyand e?ective understandingof employee demands, solvepractical problems.Semi-annual frequencyof employee satisfaction
hotline to make suggestions,
surveys to improveemployee well-being.
The company has established a multi-level compensation mechanism, including base salary, performance-based pay,and profit-sharing pay, to motivate employees to create and share value, and to fully mobilize their enthusiasm andinitiative. In line with the DoubleStar "1+3" target management system (development goals, safety goals, operationalgoals, and control goals), the company aligns the personal interests of employees with its own growth, achievinga resonance between talent development and corporate progress. Additionally, based on annual operations andemployee performance, the DoubleStar base makes salary adjustments for outstanding employees. Employees at allpositions, in accordance with the company and department's strategic objectives, break down annual goals into monthlyposition targets and set corresponding assessment and incentive mechanisms. Salaries are then fulfilled based onthe achievement of performance targets, closely linking employee compensation and incentives with the company's
Occupational Health and Safety
operations.
Occupational Health Management
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Qingdao DoubleStar implements the policy of "safety first, preventionoriented, and comprehensive management," strengthening theleadership and management of safety production to prevent productionaccidents to the greatest extent and ensure the safety of employeesin the workplace. The company has established a safety productionresponsibility system of "layer-by-layer responsibility, everyone isresponsible, and each person takes their own responsibility," achievingthe layer-by-layer decomposition of safety objectives and the layer-by-layer guarantee of safety measures. It has been selected as abenchmark enterprise for safety production standardization in theindustrial and trade industry by the Qingdao Emergency Management
Bureau in 2024.
Security ManagementOrganizational Structure
Safety production constructionQingdao DoubleStar has always prioritized safety production, implementingthe concept that "people are the foremost, human life is of utmost importance,and life is more valuable than production." The company strictly enforceslaws and regulations such as the "Safety Production Law of the People'sRepublic of China" and the "Enterprise Safety Production StandardizationSpecications," comprehensively optimizing its safety production manage
Safety production construction
-ment system. The company has established a self-discipline mecha-nism, organized and benchmarked safety regulations, and formulated rules and regulations such as the "SafetyProduction Management System" and the "Special Operations Safety Management System." The company implementsthe main responsibility for safety production, incorporating safety production objectives into employee performanceassessments and compensation structures.
Base security inspectionBase safety inspections focus closely on key areas and important locations,concentrating on identifying and rectifying major accident hazards. Thecompany has established guiding documents such as the "DoubleStar GroupMajor Hidden Danger Assessment List" and the "Special Operations ControlStandards." The Safety Office of the Safety and Environmental ProtectionDepartment conducts special inspections on "occupational health, warningsigns" in various company factories on a monthly basis. Based on the
Base security inspection
local unit's safety management system, incentives or penalties are applied
Emergency drillThe company continuously standardizes emergency management workto enhance its ability to respond to and prevent risks and accidents,maximizing the protection of the lives and health of employees and thepublic. In accordance with relevant laws and regulations such as the
according to regulations. Relevant issues will be announced, management
“Industry 4.0” base
Emergency drill
<SafetyProduction Law of the People's Republic of China> and the<EmergencyResponse Law of the People's Republic of China>, each base hasformulated the <Production Safety Accident Emergency Plan Compilation>,with special emergency plans for accidents such as fires, equipment andfacility accidents, and hazardous waste leaks.Safety trainingSafety trainingTo enhance employees' awareness and prociency in safety production, thecompany actively promotes the construction of safety production training. In2024, DoubleStar's safety digitalization practices replaced traditional o?inemanagement with online "education and training" operations. On one hand,specialized training was conducted for key control groups, and on the otherhand, comprehensive training was organized for all employees, covering theSafety Production Law, Fire Protection Law, occupational disease prevention,emergency response, operational procedures, etc.
Training on corporateresponsibility for work safety
Base reghting training and reghting
competitions
Safety Production Management
Department of Safety andEnvironmental ProtectionSecurityBranchBranch
GuardDongjiakou
base
Shiyanbase
Cambodiabase
The labor union committee of Qingdao DoubleStar has a subcommittee for safety, which coordinates the regularconduct of the company's safety production work. The company has set up a Safety and Environmental ProtectionDepartment, which includes the Safety O?ce and the Security O?ce. The Safety O?ce is responsible for the internaland external control of safety, environmental protection, fire protection, and occupational health, while the SecurityO?ce is responsible for vehicle control, inspection and registration of various materials import and export, guidanceand protection of visit activities, and emergency response to public security theft and other emergencies. Thecompany's Safety and Environmental Protection Department is equipped with a total of 25 full-time safety management personnel and 6 registered safety engineers, all of whom have been certified by professional training and education. Allthree bases incorporate safety production factors into the performance appraisal indicators of safety productionmanagement personnel, which are closely linked to individual salaries.
and those in charge will follow up and rectify the problems. In 2024, a total of over 288 safety inspections were organized,
In 2024, the plant organized 65 emergency drills, including electric shock accidents, waste oil leaks, radiation drills, and
with 4155 safety hazards identied throughout the year, achieving a closure rate of 100% for hazard rectication.
“Industry 4.0” base
re accidents, improving employees' response speed and handling ability for dangerous incidents.
The cumulative number of safety training sessions was 387, and the cumulative number of safety training sessionswas 46,034, involving 100% coverage of the employees, helping them to e?ectively integrate the training content withtheir own work, and ensuring that the employees have a correct knowledge of the workshop's risk points, equipmentoperation, and how to recognize and warn of dangers.
As an industry leader in the elds of rubber tires and intelligent manufacturing, Qingdao DoubleStar is always committedto continuously improving its quality management system to achieve high-quality development and enhance marketcompetitiveness. At the same time, Qingdao DoubleStar always shoulders the responsibilities of a state-ownedenterprise, striving to set industry benchmarks. With its comprehensive production quality standardization system, ithas been awarded the national 5A "Good Practice Enterprise in Standardization" title. During the reporting period, thecompany was successfully selected for the 2024 Provincial Quality Benchmark Typical Experience List published bythe Shandong Provincial Department of Industry and Information Technology with its case of "implementing full-processdigital intelligent quality control of tires," becoming the only selected enterprise in the tire industry, highlighting theexemplary role of Qingdao DoubleStar in digital intelligent quality management.
Product Quality Management
To e?ectively implement the construction of the quality management system, Qingdao DoubleStar has formulated the<DoubleStar Quality Center Process System Manual>applicable to the company's actual situation in accordance withrelevant laws, regulations, and industry standards. In addition, the company has achieved standardized intelligentonline error prevention for equipment. By combining the TQM quality assurance system and the production qualitystandardization system, it has achieved real-time monitoring of product quality throughout the entire lifecycle, ensuringthat the quality of nished products is always under 100% control. The quality assurance system consists of an EPS (ErrorProof System) error prevention management system and an intelligent traceability system, which intelligently collectsproduction data and automatically recognizes raw materials and semi-nished products through barcodes, achievingintelligent traceability of each tire from raw materials to nished products. The EPS management system has set up 47error prevention items, covering 9 processes in the production ow, and has provided quality assurance from six majorelements: people, machines, materials, methods, environment, and measurement. In addition, the company conductsmonthly performance evaluations of supplier quality to ensure quality from the source.
Quality Management System
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ISO9001:2015 Quality Management System
CerticationIATF16949:2016 Quality Management SystemCertication for Automotive Industry
A document encryption system is deployed at the R&D center, using professional encryption products from a state-owned enterprise to encrypt technical documents, construction plans, drawings, and other core data related to theR&D center. Encrypted documents can only be accessed on authorized machines within the company; unauthorized
Qingdao DoubleStar strictly abides by the Patent Law of the People's Republic of China, Trademark Law of thePeople's Republic of China and other laws and regulations, and formulates standardized management processes suchas “Intellectual Property Management Process” and “Patent Application Control Process”, and the legal departmentconducts legitimacy and compliance reviews of the business department's intellectual property operation needs. Bycontinuously strengthening the company's intellectual property management and enhancing employees' awareness ofintellectual property management and protection, the company ensures that it does not infringe upon others' intellectual
R&D innovation is the key for enterprises to maintain competitive advantages and realize sustainable development.Qingdao DoubleStar aims to satisfy users' needs, integrates global technical resources, establishes an innovative, openand interactive R&D platform, continuously increases the adjustment of product structure and R&D investment, and formsa technical system covering the whole process of product R&D, manufacturing and testing with the product strategy of“high-end+high-value-added+highly-di?erentiated”.
property rights while protecting its own intellectual property rights.
computers cannot open them, nor can external computers, and they cannot be brute-forced.Various o?ce software such as O?ce and CAD undergo process encryption, with all data generated by the encryptedapplications carrying encryption protection identiers. To decrypt documents, a company approval process must befollowed for plaintext decryption before they can be authorized for use on external computers.
All ports of the encrypted terminal machines are systematically and physically isolated, with USB, CD-ROM, serialports, and others all sealed to prevent data leakage.
The company's R&Dstaff totaled771771,
account for
14.94%14.94%
1111 internal expert/technical/professional
training sessions, totaling258258 person-timesR&D reserve talent pool totaled4545 people,participated in2828 training sessions,accumulating more than400400 person-times
Patent Authorizations:
In 2024, Qingdao DoubleStar Central Research Institute participated inthe formulation of 8 new standards, including 3 national standards and 5group standardsStandard-setting：
.
83 newly added authorizedpatents
Product Quality Certication
The Dongjia Kou base and the Cambodian tire factory of Qingdao Doublestar have obtained the ISO 9001:2015Quality Management System Certication. The Dongjia Kou factory and the Shiyan plant factory have also passed theIATF 16949:2016 Automotive Industry Quality Management System Certication, ensuring the compliance of QingdaoDoublestar's product quality.The newly established Cambodian factory deeply implements the company's requirements, with the "two highs, onelarge, and one certainty" strategy at its core, to establish a full-process quality assurance system. It has formulated 20quality management-related systems, with product quality benchmarked against international rst-tier brands. By drawingon advanced operational experiences from Kumho and domestic 4.0 factories, the factory continuously identies andcloses gaps, promotes project implementation progress on a daily basis, and establishes a quality assurance systemcharacterized by MES full-process online intelligent management to ensure product quality consistency. It has beenbenchmarked against leading enterprises and has now gained high recognition from customers.
Intellectual Property Protection
Technological InnovationTo ensure the smooth conduct of research and development (R&D) activities, stimulateinnovation, and enhance the e?ciency and quality of R&D, the company's Central ResearchInstitute has established several systems and regulations, including the<IntellectualProperty Management Platform of the Central Research Institute>, the<ProductDevelopment and Change Management Procedure>, the<Value-Added Special Promotionand Incentive Mechanism for Doublestar Tire Industry (Doublestar Co., Ltd.)>, and the<New Product Development Management Regulations>. These measures are designed toensure that the company's R&D activities comply with relevant academic ethical standards.During the reporting period, no instances of academic misconduct occurred.
R&D investment of192 million yuan192 million yuan, the
Introduced 33
ratio of R&D investment to operating incomewas
4.43%
newPh.D.'sIn 2024, the Large Tire Research Institute completed 194 product development tasks, including 116 new productdevelopment and 78 old product improvement. All product development tasks have been completed on schedule.Small Tire Research Institute mainly works on four aspects, such as product development, quality improvement, costoptimization and R&D system construction, and promotes the number of R&D projects 161; among them, the number ofR&D projects related to new products is 101, the number of projects to improve product performance is 25, accounting for
15.5% of all R&D projects, and the number of R&D projects on the application of new materials is 13, accounting for 8%
of all R&D projects.
Group
GB/T 2982-Industrial vehicle pneumatic tire specifications,sizes, pressures and loads
2024
GB/T 45018-Tire Intelligent Manufacturing Data Dictionary2024
standards
T/CRIA11010-Green Tire Evaluation Specification2024T/SDXJ 001—Product Carbon Footprint Accounting andReporting Guide Tires
2024T/CRIA29011-Automotive Tire Dynamic Impact Testing ImpactStrip Method
2024T/SDEC 2024—Enterprise science and technologyinnovation achievements assessment norms
0001Technical Requirements for Silent Foam for TiresT/CRIA29014-2024
Innovation and Intellectual Property Protection
AppendixEnvironmentalSocialSocialGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAboutAboutMessage fromthe Chairmanthis Report
National704 patents authorized
105 new patent application
standards
Determination of rubber solvent extractsGB/T 3516-2024
8788
Key Technology Research and Development of Microcrystalline Graphite Application in Key Technology Research and Development of Microcrystalline Graphite Application inTires.Tires.：：
Commissioned by China National Building Materials Investment Co., Ltd., Qingdao LunyunDesign Research Institute is leading a joint e?ort with Qingdao University of Science andTechnology and Southern Graphite Research Institute to conduct key technology researchand development on the application of microcrystalline graphite in tires. The collaborationaims to explore innovative applications in tire manufacturing, with the expectationthat through the analysis of the physical and chemical properties of microcrystallinegraphite, research on its impact on tire performance, and the development of specializedformulations, the industrial application of microcrystalline graphite in tires will be realized.This endeavor supports the high-value development and application of microcrystallinegraphite products and promotes innovative development in the tire industry.
Innovation and R&D Program Award Certicates (Partial)
The company has developed different after-sales service models and policiesaccording to the characteristics of different products in different markets. Quarterlycustomer satisfaction survey work is carried out to summarize service experience andcontinuously optimize product quality and service guarantee.The company has set up a national 24-hour service hotline 400-017-666 to accuratelymatch service demands and actively visit users, customers and suppliers. As long asthe user dials the 24-hour service hotline, Qingdao Doublestar will arrive at the user'slocation at the first time to carry out technical services, and close the loop by biting
We have establisheddifferentthree-packageprocessingproceduresandclaimssystems basedonvaryingmarketorientations,saleschannels,andproducttypes.Ourwarrantyservicehasreceived highmarketrecognition,meeting the needs of di?erent customer groups and product demands. The pre-claimsystem is currently anexclusiveclaimsysteminthetireindustry.The pre-claimsystemis availabletoallchannelsandcustomers,with a penetration rate of 100%.
2024 Award Winning Innovation and R&D Program Information#TypeProject name
Achievements(HonoredbytheCentralResearchInstitute:includingthepartdeclared by Wheeling Cloud and DoubleStar Tire Industry)
Platformconstruction
Top Ten Design and InnovationPlatforms
Honors2project
National Priority Research ofYear 2024
1topicselected
Title:Design,developmentandindustrializationofbio-basedgreenlow-carbontires
Applicant:QingdaoLunyunDesign&ResearchInstituteCo.3projectGolden Bridge AwardProjectName:“Safort”SeriesSafetyNoiseReductionTires
Applicant:QingdaoDoubleStarTireIndustryCo.
SecondPrizeintheProjectCategory4project
Shandong Rubber IndustryScience and Technology Award
SecondPrize
ProjectName:“RareEarthGold”LowRollingResistanceandHighWear-resistantTire
Applicant:QingdaoDoubleStarTireIndustryCo.
Platformconstruction
Qingdao “One Enterprise OneTechnology” R&D Center 2024
Honoredby“OneEnterpriseOneTechnology”R&DCenterDeclarant:QingdaoLunyunDesign&ResearchInstituteCo.
Platformconstruction
Qingdao Technology InnovationScenario Application Laboratory
Development and Industrial Application of Wet Mixing Compound Masterbatch
LabName:QingdaoTireDesignandSimulationScenarioApplicationLaboratoryDeclaredby:QingdaoWheelCloudDesignInstitute,QingdaoDoubleStarTireIndustryCo.
：
Qingdao DoubleStar has always been adhering to the concept of “Service Leadership, Quick Change to Win”, and hasestablished a service 4.0 system with “S2C” as the main symbol, which can truly realize “seamless online and offlineconnection” and “ubiquitous on and off the road”. “everywhere on the road and off the road”. Qingdao DoubleStar ServiceCenter has always been committed to serving users with professional and sincere attitude, adhering to the marketconcept of “creating demand, leading the market and serving customers”, establishing an intelligent service informationsystem for effective control of the whole process of service, strengthening the interaction with the market demand,enhancing the service experience, meeting the personalized demand in an all-round way, improving the value-addedability of service, and enhancing the overall service quality. Qingdao DoubleStar has been recognized by QingdaoConsumer Rights Protection Committee as “Qingdao Consumer Education (Experience) Base” in the publicity activity ofInternational Consumer Rights and Interests Day on March 15, 2023, and will apply for becoming a Consumer Rights
In 2024, our company collaborated with Yunnan Natural Rubber Industry Group Co., Ltd., Beijing University of ChemicalTechnology, and the China Natural Rubber Association on the project "Development and Industrial Application of WetMixing Compound Masterbatch." Additionally, in cooperation with Beijing University of Chemical Technology and theChina Natural Rubber Association, we initiated the project "Research on the Application Technology of Domestic High-Performance Natural Rubber in Tires." We have completed the drafting of the project cooperation agreement. Throughthe implementation of these projects, we aim to rapidly integrate resources and strengths from all parties in the upstreamand downstream of the tire industry, transforming scientific research achievements into new productive forces. Thiswill enhance our company's technological standing in the industry, promote technological upgrades, and strengthen
Development and Industrial Application of Wet Mixing Compound Masterbatch：
international competitiveness.
Protection Service Station in 2024.
Customer satisfactionreached 98.94%,improving year after year.A total of 11,755 400calls were received, with a
99.9% call satisfaction
closure rate.A total of 4,266problematic work orderswere created, with a 99.1%
Qingdao DoubleStar has established a multi-channel domestic sales network,including traditional agents, distributors and e-commerce platforms, to realizelarge-scale sales, broaden the market scope, and ensure that customers canpurchase Qingdao DoubleStar products conveniently. In the overseas market, we build marketing channels with a global vision and strategy, focusing on the “2080” strategy, focusing on the layout of 20 strategic “big customers” and 80 keymarkets, “one country, one partner, development of multi-brands The strategy of“2080” focuses on 20 strategic “big customers” and 80 key markets, “onecountry, one partner, multi-brand development”, and strengthens theconstruction of overseas high-quality marketing network.
CustomerAfter-salesService
closure rate
Product Claims
Customer Service and Rights
AppendixEnvironmentalSocialSocialGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAboutMessage fromthe ChairmanAboutthis Report
the user's feedback problems in a limited time, realizing the goal that the user'sproblems will not be delayed, and the customer's problems will not stay overnight.
Status of service facilities and equipment
| Intelligent Service Information System: Utilizing technological advantages such as big data analysis and mobile apps. | Video authentication system: Disrupting the after-sales model of the tire industry, we are the first in the industry to achieve face-to-face communication with users, solve problems in one step, and create the ultimate service experience for users. |
Interactive services anytime&anywhere:
In the domestic tire industry, the first 0 delayrescue service,innovative mobile e-commerce model selected core groups as thetarget users.The road to reach the country, the road everywhere; online and offline integration, creating a unique service 4.0 ecosystem.
8990
The company has established a comprehensive supplier introduction and evaluation process to form objective ande?ective supplier assessments and grading. This promotes fair and transparent competition among suppliers, guidingthem to voluntarily improve themselves, fostering a virtuous cycle, and enabling suppliers to grow and develop in tandemwith Qingdao DoubleStar.During the reporting period, the management and assessment of green supply chain suppliers are as follows:
Qingdao DoubleStar has established several supplieronboarding procedures, including the "SupplierOnboarding Process" and the "Supplier AuditManagement Measures," to conduct qualificationreviews for suppliers. In the supplier onboardingprocess, the company gives priority to supplierswith green production concepts and environmentalcertifications to ensure the environmental quality of rawmaterials. At the same time, considering supplier self-assessments, raw material testing, on-site supplierinspections and evaluations, and product servicequalification reviews, the company examines suppliersfrom multiple dimensions such as business reputation,quality control mechanisms, equipment hardware, andthe ability to handle quality exceptions.
Supplier OnboardingSupplier Onboarding
Highlights of Supplier Management RequirementsHighlights of Supplier Management Requirements
Qingdao DoubleStar regards green procurement as an essential part of the company's sustainable developmentstrategy and has established a series of working procedures and related requirements for material procurement. Theaim is to promote the green transformation of the supply chain and reduce the resource and environmental impactthroughout the entire life cycle of products.green suppliergreen supplierGreen Procurement PracticesGreen Procurement Practices
Supplier Sustainable Management Requirements
Green Supply Chain Supplier Management AssessmentAchievement in 2024
Pass rate of ISO14001 certificates for key raw material suppliers (except glue)78.72%Number of annual audits of suppliers in category A/B (except glue)Coverage of assessment for introduction of new suppliers in the raw materials
category100%Pass rate of new suppliers in the raw materials category in terms of environmental indicators100%
A/B New Supplier Introduction Process Audit Coverage100%Annual assessment rate of ISO9001/TS16949 system for raw material suppliers100%Signing rate of framework contracts for new suppliers in the raw materials category100%
Monthly performance evaluation coverage of vendors in the pool100%Monthly performance correction rate for suppliers in the pool100%Supplier coverage in communicating and promoting Twinstar'scarbon-neutral philosophy100%
Supplier Re-evaluationSupplier Re-evaluationQingdao DoubleStar has formulated supplierevaluation systems such as the "Supplier PerformanceAssessment Management Standards" and the"Supplier Qualification and Production Part ApprovalManagement Measures." The company conductsannual reviews of suppliers in its database based onsupplier categorization. Starting from five dimensions—quality, cost, delivery and supply capability, technicalcapability, and service response speed (TQRDC)—the Research Institute, factory technical qualitydepartments, bidding department, procurement office,and other relevant departments participate in scoringsuppliers to promptly identify supplier risks.
??Monthly performanceappraisal of suppliers,assessment indicators,specific indicators,including “productenvironmental testingindicators” and so on.?No non-compliantsuppliers by 2024
Green Procurement
When selecting suppliers, Qingdao DoubleStar givespriority to partners who have green production capabilitiesand environmental awareness. For new suppliers, thecompany conducts a comprehensive evaluation fromthe perspective of green procurement, including theenvironmental friendliness of their production processes,the green attributes of their products, and compliancewith national environmental protection regulations. Thecompany regularly conducts training to impart knowledgeof green manufacturing and environmental management,helping suppliers to enhance their environmentalawareness and capabilities. For existing cooperativesuppliers, regular assessments are carried out, andsuppliers with substandard product environmentalprotection testing indicators are subject to correspondingmeasures.
In terms of raw material procurement, the companyreduces environmental impact by purchasingenvironmentally friendly raw materials such as pyrolysiscarbon black and recycled rubber, and reduces resourcewaste in the production process by procuring sharedpallets. Additionally, the company actively practicescircular economy initiatives, recycling used tires to form a"retire and recycle" cycle, further reducing environmentalpollution.
Supply Chain Management
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??When conductingsupplier audits, ESG-related factors are addedfor consideration, such asthe construction ofenvironmentalmanagement systems,identification andmanagement ofenvironmental factors,and new green products.
??According to IATF16949 and ISO9001standards, thecompany hasformulated the “Standard Audit Sheet”,which puts forwardthe requirements forthe operation of quality, safety, environmentalprotection andfinancial systems tosuppliers.
??Require suppliers toobtain ISO9001quality systemcertification as aminimum requirement
9192
Qingdao DoubleStar strengthens its sense of responsibility, actively undertakes the social and public welfareresponsibilities of a state-owned enterprise, promotes the traditional virtue of "supporting each other in times of di?culty,"and proactively fullls its corporate social responsibilities. In response to the call from organizations such as the QingdaoCivil A?airs O?ce, the company has carried out a series of community service activities, including respecting the elderly,assisting the disabled, and helping the poor, to promote the sustainable development of the community.
Community service activities
The company organized a voluntary blood donation activity titled "Donating Blood Freely, Extending Love." The eventreceived an enthusiastic response from a large number of employees, with a total of 71 people successfully donating27,200 milliliters of blood. This demonstrated the virtue of DoubleStar's employees in the new era, who are bravein taking on social responsibilities and passionately committed to their original mission. Over the past decade, thecumulative amount of blood donated has exceeded 320,000 milliliters. The company has been honored multiple timesby the New District Red Cross as an advanced collective in caring for life and an outstanding group member, and hasconsecutively won the title of "Qingdao Outstanding Contribution to Voluntary Blood Donation" and other honorary titles.Next, DoubleStar Tires will continue to actively organize various public welfare activities, fulfill social responsibilities,convey positive energy to society, and demonstrate a good spirit and image.
Voluntary Blood DonationVoluntary Blood DonationDoubleStar will continue to actively organize and carry out all kinds of community welfare activities, and actively fullltheir social responsibility and commitment to pass on the positive energy of the community, highlighting the good spiritand image.
Blood Donation Volunteer Program
Taking the occasion of June 1st International Children's Day, with the theme "Big Hands Holding Little Hands, Caringfor Minors,"adhering to the Xi Jinpin Thought on Socialism with Chinese Characteristics for a New Era and focusingon vulnerable minors such as orphans and children with disabilities, new era civilization practice volunteer activitieswere carried out. A large number of volunteers went to the Children's Rehabilitation Training Center in the West CoastNew Area to conduct the "Caring for the Future, Warmth on June 1st" new era civilization practice volunteer activities,celebrating the "June 1st" International Children's Day together with children with autism and children with disabilities.During the event, volunteers played rehabilitation training games with children with developmental disabilities, drew withthem, actively communicated, and sent them milk, mixed congee, and other comfort items, delivering love and warmth tothe children with developmental challenges.
Big hands pulling small hands, caring for minorsBig hands pulling small hands, caring for minors
With the theme "Tire Confidant, Safe Travel," young volunteers conducted a Learn from Lei Feng volunteer serviceactivity around the Dongjiakou Economic Zone Management Committee in the Qingdao West Coast New Area. The focuswas on popularizing knowledge about spring tire maintenance, civilized driving, and civilized travel to local residents andcar owners. This aimed to enhance the awareness of green, low-carbon, civilized, safe, and environmentally friendlypractices among car owners and residents, promoting the construction of urban spiritual civilization.
Learning from Lei Feng Volunteer Service ActivityLearning from Lei Feng Volunteer Service Activity
Volunteer Service Activities
New Era Civilization Practice Volunteer ActivitiesPublic Welfare
Community Co-ConstructionCommunity Activities and Public Welfare
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Appendix I.Performance DataCorporate Governance and Economic Performance
Governance StructureIndicatorUnit202420232022Number of board members/
Number of independent directors on theboard of directors
/333Number of female board members/323Number of board meetings/885Attendance rate of directors at the boardof directors
%100%100%100%Number of decisions passed at boardmeetings
/553117Number of committees under the board ofdirectors
/
Economic PerformanceIndicator
Operation revenue
UnitRMB 100millionTotal
2024
44.35
assets
RMB 100
million
91.16
Total number of employees/5,161
Business EthicsIndicatorUnit202420232022
Proportion of leaders who signed the "IntegrityCommitment"
%100%100%100%Proportion of suppliers who have signed the IntegrityAgreement
%100%100%100%Coverage rate of employees receiving professionalethics and anti-corruption training
%100%100%100%Number of cases in which Doublestar was identified asa party to antitrust litigation
/
Environmental
IndicatorUnit202420232022Responding to Climate ChangeNumber of greenhouse gasverifications
Times100Total greenhouse gas emissionstCO
eq282,596.58342,329.92312,313.08——Scope 1 greenhouse gasemissions (CO2, direct emissions)
tCO
eq1,489.811,777.571,550.68——Scope 2 greenhouse gasemissions (CO2, indirect emissions)
tCO
eq281,106.77340,552.35310,762.40Greenhouse gas emissions intensity- by operating revenue
tCO
eq/10,000yuan
0.590.740.80
IndicatorUnit202420232022
Energy and Resource ConsumptionEnergyTotal energy consumption - totalnon-renewable energy consumption
Tons of standard
coal
489.88647.19612.19
——Non-renewable energyconsumption - gasoline
Ton (t)146.91155.92161.83Tons of standard
coal
216.16229.42
——Non-renewable energy
238.12
consumption - diesel
Ton (t)331.83429.91354.46Tons of standard
coal
483.51626.42
——Non-renewable energy
516.48
consumption - natural gas
Ton (t)2.122.462.26Tons of standard
coal
25.4429.5824.82
——Non-renewable energyconsumption - coal
Ton (t)0.000.000.00Tons of standard
coal
0.000.000.00——Non-renewable energyconsumption - fuel oil
Ton (t)0.000.000.00Tons of standard
coal
0.000.000.00
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IndicatorUnit202420232022
Energy and Resource ConsumptionEnergyTotal energy consumption -renewable energy consumption
Tons of standard
coal
3,640.793,150.801,734.77Renewable energy consumption -photovoltaic
Kilowatt-hour (kWh)29,624,029.3025,637,140.0014,115,328.00Tons of standard
coal
3,640.793,150.801,734.77——Photovoltaic power generationKilowatt-hour (kW h)29,644,329.3025,000,000.0025,000,000.00——Proportion of photovoltaicelectricity consumption
%3.58%3.69%2.24%Renewable energy consumption -waste heat and waste pressure
Kilowatt-hour (kWh)0.000.000.00Tons of standard
coal
0.000.000.00Energy storage installed capacityKilowatt-hour (kWh)9.6000Total external energy purchases
Tons of standard
coal
71,526.4381,552.6875,226.32——External energy consumption-purchased electricity (electricityconsumption)
Kilowatt-hour (kWh)202,125,369.69247,880,335.16233,806,874.30Tons of standard
coal
24,841.2130,464.4928,734.86——External energy consumption-purchased steam
Ton(t)
487,295.48533,724.98485,591.51Tons of standard
coal
46,859.3151,324.0646,695.45Proportion of renewable energy use%3.58%3.69%2.24%Total electricity consumptionintensity - by operating income
kWh/10,000 yuan466.31532.45Energy Consumption Intensity - By
597.91
Revenue
Ton of standard
coal/10,000 yuan
0.160.180.20
IndicatorUnit202420232022
Energy and Resource ConsumptionWater ResourcesTotal water consumptionTon (t)555,894.00716,891.00502,684.00——Industrial water consumptionTon (t)547,613.00669,953.00467,488.00——Domestic water consumptionTon (t)8,281.0046,938.0035,196.00——Water consumption of water plants(municipal water supply)
Ton (t)630,452.00401,847.00317,307.00——The total amount of water used for recycled water
Ton (t)23,443,754.6223,348,276.2524,228,354.38Water intake (tap water and industrialwater)
Ton (t)630,452.00372,255.00295,313.00Tons/10,000yuanTotal water intensity - by operatingincome
1.281.541.29Tons/10,000 Total water use intensity - by operatingincomeyuan
54.0950.1561.96Total water savingTon (t)46,000.0047,168.2046,000.00Water saving amount10,000 Yuan248,400.00248,400.68248,400.00- Amount of water reused and recycledTon (t)46,000.0046,000.0046,000.00Resources and MaterialsTotal material consumptionTon (t)251,949.25299,876.40250,370.45Consumption of toxic and hazardousmaterials
Ton (t)187.68175.40145.63Material consumption intensity - byoperating income
Tons (t)/10,000yuan
0.580.640.64Total packaging material usageTon (t)3.00106.00122.00Total packaging material consumptionintensity - by operating income
Tons/million yuan0.000010.000230.00031——Use of recyclable packagingTon (t)2.00--Total office paper consumptionton3.00--Total office paper consumption intensity -by operating income
Tons/million yuan0.00001--
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IndicatorUnit202420232022
Waste and Pollutant ManagementExhaust Emissions
Total exhaust gas emissions(volume)
Ton (t)
10,647,223,
117.20
16,211,668,15,676,512,
122.00942.00
Waste gas emission intensity(volume) - by operating income
Tons/10,000 yuan24,563.4633,673.1041,457.85Particle emissionsTon (t)10.6732.7233.04VOCs volatile organic compoundemissions
Ton (t)43.09101.1691.07PM emission intensity - by operatingincome
Tons/10,000 yuan0.0000250.000083VOCs Volatile Organic CompoundsEmission Intensity - By Operating
0.000085
Income
Tons/10,000 yuan0.0000990.0000190.000017Nitrogen oxide emissions (NOx)Ton (t)---Nitrogen oxide (NOx) emissionintensity - by operating revenue
Tons/10,000 yuan---Sulfur oxide emissions (SOx)Ton (t)---Sulfur oxide (SOx) emissionintensity - by operating revenue
Tons/10,000 yuan---Wastewater DischargeTotal wastewater dischargeTon (t)271,196.00240,636.00210,931.00Wastewater Discharge Intensity - ByOperating Revenue
Tons/10,000 yuan0.630.52Total amount of solid waste
0.54
generated
Ton (t)7,972 . 057,826.9911,303.38——Solid waste generation -general waste
Ton (t)7,171.917,237.8210,671.83——Solid waste generation -hazardous/hazardous waste
Ton (t)800.14589.17631.55——General waste emissionintensity - by operating income
Tons/10,000 yuan0.020.020.03——Hazardous waste emissionintensity - by operating income
Tons/10,000 yuan0.00180.0013Solid W
0.0016
asteSolid waste recycling rate%1.001.001.00
IndicatorUnit202420232022
Dongjiakou PlantExhaust Emission ConcentrationParticle emission concentrationmg/m
4.882.601.40VOCs volatile organic compoundemission concentration
mg/m
5.106.773.53Non-methane total hydrocarbonconcentration
mg/m
5.106.773.53Wastewater Discharge ConcentrationWastewater discharge concentration-COD chemical oxygen content
mg/L44.8033.2013.00Wastewater discharge concentration -ammonia nitrogen
mg/L0.090.400.65Wastewater discharge concentration -total nitrogen ((measured as N)
mg/L11.307.7619.20Wastewater discharge concentration -total phosphorus ((measured as P)
mg/L0.830.880.93Wastewater discharge concentration-Suspended substance (SS)
mg/L25.0018.0013.00Wastewater Discharge Concentration-Petroleum
mg/L0.080.080.07Five day biochemical oxygen demand(BOD5) emission concentration
mg/L9.109.303.80Wastewater pollutant dischargeconcentration-wastewater PH value
(Numerical range)7.27.97.9Shiyan PlantExhaust Emission ConcentrationParticle emission concentrationmg/m
1.255.486.21VOCs volatile organic compoundemission concentration
mg/m
4.695.204.86Non-methane total hydrocarbonconcentration
mg/m
4.695.204.86Wastewater discharge concentrationWastewater discharge concentration-COD chemical oxygen content
mg/L18.8855.25144.00Wastewater discharge concentration -ammonia nitrogen
mg/L2.672.4128.30Wastewater discharge concentration -total nitrogen (measured as N)
mg/L10.5019.5838.70Wastewater discharge concentration -total phosphorus (measured as N)
mg/L0.310.100.11Wastewater discharge concentration-Suspended substance (SS)
mg/L14.6334.0047.00Wastewater Discharge Concentration-Petroleum
mg/L0.740.290.17Five day biochemical oxygen demand(BOD5) emission concentration
mg/L7.2118.5045.20Wastewater pollutant dischargeconcentration-wastewater PH value
(Numerical range)7.4-8.47.1-8.17.3-7.6
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IndicatorUnit202420232022
Environmental Compliance ManagementEnvironmental Protection InvestmentTotal amount of investment inenvironmental protection
10,000 Yuan1,160.41667.161,941.90The proportion of total environmentalprotection investment to operatingincome
%0.27%0.14%Environmental Training and DrillsNumber of environmental protection
0.50%
training sessions
/111010Environmental protection training person-times
/3,8654,4234,615Environmental protection training durationper capita
Hours/person2.502.502.50Coverage rate of employee environment-related training
%100%100%100%Number of environment-relatedemergency drills
/91921Number of participants in environment-related emergency drills
/865662906Environmental CertificationProportion of base environmentalmanagement system certification
%100%100%100%Proportion of base energy managementsystem certification
%100%100%100%Percentage of workplaces that haveconducted environmental riskassessments
%100%100%100%Total number of green factories/222Number of national green factories/222
Green Supply Chain ManagementNumber of new suppliers screened usingenvironmental criteria
/1200
LaborIndicatorUnit202420232022Number of employees/5,1614,2744,197Number of employees under 30years old
/1,335704576Number of employees aged 30-
/3,0242,8592,961Number of employees aged 50and above
/802711660Number of people with doctoraldegree
/753Number of people with master'sdegree
/11093123Number of people with bachelor'sdegree
/872838733Number of people with collegedegree
/2,155458480Other academic qualifications/2,0172,8802,858Percentage of male employees%79%79%77%Percentage of female employees%21%21%23%New employees/1,370694811Local employment rate%70%64.6%63.23%Labor contract signing rate%100%100%100%Number of child laborers/000Social insurance coverage%100%100%100%Employee physical examinationcoverage
%100%100%100%Coverage rate of employeeoccupational disease examination
%100%100%100%
Social
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TrainingIndicatorUnit202420232022
Average total training time per employeeHour65.550.323Percentage of employees receiving business ethics training%100%100%100%Coverage rate of employees receiving vocational and skillstraining
%100%100%100%Coverage rate of employees receiving anti-discrimination and anti-human rights violations training
%100%100%100%Coverage rate of employees receiving environment-relatedtraining
%100%100%100%Coverage rate of employees receiving compliance training%100%100%100%Coverage rate of employees receiving safety production relatedtraining
%100%100%100%
Safety ProductionIndicatorUnit202420232022Safety production investment10,000 Yuan687.17734.5941.7Total number of safety trainings/46,03449,29646,513Cumulative number of safety trainings/
48554Coverage rate of safety training received byemployees
%100%100%100%Number of factory safety inspections/288204157Total number of safety hazards found/4,15510,1939,838Total rectification closed-loop rate of safetyhazards
%100%99.9%100.0%Total number of emergency drills/656163
SuppliersIndicatorUnit202420232022
Number of suppliers/206207189Number of key raw material suppliers/948476Evaluation coverage of new suppliers introduced into thewarehouse
%100%100%100%Comprehensive supplier assessment coverage%100%100%100%Local procurement rate%94.20%94.20%93.65%Percentage of new suppliers screened using environmental ratingdimensions
%100%100%100%Percentage of key raw material suppliers that have obtainedISO14001 environmental certification
/745448
R&D and InnovationIndicatorUnit202420232022Number of patents/704636556Number of new patents/83Number of participants in the formulation of standard
catalogues
/645230
Product Quality AssuranceIndicatorUnit202420232022Number of IATF16949:2016 certified factories/233Number of ISO9001:2015 certified factories/222Number of recalls due to product quality/000Customer coverage rate of participating in customersatisfaction survey
%100%100%100%The percentage of very satisfied and satisfied customers inthe customer satisfaction survey results
%98.9%98.8%98.7%
103104
Appendix II.GRI Content Index
| 2-28 | Membership associations | Sustainable Development Governance Framework | 302-5 | Reductions in energy requirements of products and services | Energy and Resource Management | |
Aboutthis Report
Message fromthe Chairman
AboutDoublestar
Sustainable Development
Management
National StrategicResponse
GovernanceSocialEnvironmentalAppendixAppendix
105106
| 401-3 | Parental leave | Employee Care | 418-1 | Substantiated complaints concerning breaches of customer privacy and losses of customer data | Information Security | |
Aboutthis Report
Message fromthe Chairman
AboutDoublestar
Sustainable Development
Management
National StrategicResponse
GovernanceSocialEnvironmentalAppendixAppendix
107108
Appendix III.Shenzhen Stock Exchange Index
| 20 | Anti-unfair Competition | Business Ethics |
Appendix IV.Standards Glossary Index
| MES | Manufacturing Execution System |
Aboutthis Report
Message fromthe Chairman
AboutDoublestar
Sustainable Development
Management
National StrategicResponse
GovernanceSocialEnvironmentalAppendixAppendix
109110
AbbreviationsInterpretation
NNOXNitrogen oxidesOODSOzone Depleting SubstancesPPAS 2050:2011
"Greenhouse gas emissions assessment standards for goods and servicesduring their life cycle"PCRPassenger Car Radial Tire, Passenger Car Radial TirePLMProduct Lifecycle ManagementRRFIDRadio Frequency IdentificationSSCADA
Supervisory Control and Data Acquisition, data acquisition and monitoringcontrol systemSOXSulfur oxidesSSSuspended SubstanceSSLVPN
Virtual Private Network (VPN) software based on the Secure Sockets Layer(SSL) protocolSTOT
Shape and Topology Optimization Technique, Shape and TopologyOptimization TechniqueSVGStatic Var Generator, static var generatorTTBRTruck and Bus Radial Tire, Radial Truck TireTCFDTask Force on Climate-related Financial DisclosuresT/CRIA 11003-2016China Rubber Industry Association Tire Grading StandardTQMTotal Quality Management, Quality Assurance SystemTQ
Technology, Quality, Response, Delivery, Cost, Technical capabilities, quality,
service response speed, delivery supply capabilities, costT/SDXJ 001-2024Product Carbon Footprint Accounting and Reporting Guidelines TiresVVOCSVolatile Organic CompoundsVPDVirtual Product Development, Digital Twin Design System
Appendix V.Full and Short Names of Companies
AbbreviationFull Name
Qingdao DoublestarQingdao Doublestar Co., Ltd.Doublestar GroupDoublestar Group Co., Ltd.Dongjiakou PlantQingdao Doublestar Tire Industry Co., Ltd.Shiyan PlantDoublestar Dongfeng Tire Co., Ltd.Cambodia PlantDoublestar (Cambodia) Tire Co., Ltd.Dongying BaseGuangrao Jixing Tire Co., Ltd.Kumho, Kumho Tire, Kumho CorporationKumho Tire Co., Ltd.
AppendixAppendixEnvironmentalSocialGovernanceResponseNational StrategicManagementSustainable DevelopmentDoublestarAboutthe ChairmanMessage fromthis ReportAbout
Mailbox:gqb@doublestar.com.cn Telephone:0532-67710729Address:No. 666 Lianghe Road, Huangdao District, Qingdao City
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Qingdao Doublestar Co.,Ltd.Qingdao Doublestar Co.,Ltd.
Appendix VI.Report Feedback
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