2024
ENVIRONMENTAL, SOCIAL AND
GOVERNANCE REPORT
Address: 20th and 21st ?oors, No. 31, Donggang North Road,Huli District, Xiamen City, Fujian ProvincePostal code: 361013Tel: 0592-5826270Fax: 0592-5686161Email: 000905@xmgw.com.cn
ABOUT THIS REPORT MESSAGE FROM THE CHAIRMANABOUT XIAMEN PORTKEY PERFORMANCE
APPENDICESKEY PERFORMANCE INDICATOR TABLEINDEX OF INDICATORSDEFINITIONFEEDBACKDISCLAIMER
EMBRACING THE RESPONSIBILITIES OF OURERA, COMMITTING TO SUSTAINABLE DEVELOPMENT
TOPIC 1: EMPOWERING WITH DIGITAL INTELLIGENCEFOR EMBARKING ON A NEW JOURNEY
TOPIC 2: PURSUING GREEN DEVELOPMENTFOR A NEW PORT
ESG GOVERNANCEESG RISKS AND OPPORTUNITIESESG INFORMATION DISCLOSUREIDENTIFICATION OF DUAL MATERIALITY ISSUESCOMMUNICATION WITH STAKEHOLDERS
ADHERING TO THE PRINCIPLE OF EFFICIENCYAND STRENGTHENING THE MANAGEMENT FOUNDATIONENHANCING PARTY LEADERSHIPOPTIMIZE GOVERNANCE STRUCTURETRANSPARENT AND STEADY OPERATIONPROTECTION OF INVESTORS' RIGHTS
MARCHING FORWARD WITH GREAT PASSIONS ANDSTRONGLY UPLIFTING EMPLOYEES' DREAMSIMPROVING EMPLOYEE WELL-BEINGSAFEGUARDING EMPLOYEE HEALTH AND SAFETYSAFEGUARD EMPLOYEES DEVELOPMENTLIGHTING UP EMPLOYEES' LIVES
LEADING GROWTH THROUGH INNOVATIONAND EXCELLING IN SERVICES FOR A BRIGHTER FUTUREDRIVING THE INNOVATION ENGINEREFINED SERVICE QUALITY AND EFFICIENCYENHANCING SUPPLY CHAIN MANAGEMENT
LIVING UP TO THE MISSION OF THE ERA ANDCOMMITTING TO PUBLIC WELFARE FOR DEVELOPMENTACTIVELY CONTRIBUTING TO SOCIETYRESPONDING TO NATIONAL STRATEGIES
ADHERING TO GREEN PRINCIPLES AND REDUCINGCARBON EMISSIONS FOR ECOLOGICAL PROTECTION
STRENGTHEN ENVIRONMENTAL MANAGEMENTSTRICTLY CONTROLLING RESOURCE CONSUMPTIONREDUCING POLLUTANT DISCHARGERESPONSE TO CLIMATE CHANGE
Outlook for 2025
Content
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
About this report
Unless otherwise stated, the organizational scope of the Report covers the Company and its subsidiaries.This is an annual report, with the reporting period from January 1, 2024 to December 31, 2024, and withsome of the contents exceeding that period.
This is the 3rd Environmental, Social and Governance (ESG) / social responsibility report released to the public by Xiamen Port Development Co.,Ltd. (hereinafter referred to as "Xiamen Port" or the "Company"). In adherence to the principles of authenticity and reliability, the Report disclos-es to all stakeholders the work and results achieved by Xiamen Port in the ?eld of environment, society and governance in 2024.
Reporting scope
Basis of preparation
The Report is prepared in strict accordance with the relevant requirements of "the No. 17 Self-RegulatoryGuidelines for Listed Companies of Shenzhen Stock Exchange - Sustainability Report (Trial)" issued byShenzhen Stock Exchange ("SZSE"). It also takes a reference to the ESG requirements in the Work Plan forImproving the Quality of Listed Companies Owned by Centrally Administered State-owned Enterprisesissued by State-owned Assets Supervision and Administration Commission of the State Council ("SASAC"),the Reference of ESG Indicators System for ESG Reports of Listed Companies Controlled by CentralEnterprises, the GRI Sustainability Reporting Standards issued by the Global Reporting Initiative (GRI), andthe United Nations Sustainable Development Goals: A Corporate Action Guide (SDGs).
Reporting principlesMateriality: Based on the results of stakeholder communication and using materiality assessment, the materiali-ty issues during the Reporting Period were identi?ed, and then this Report is prepared based on materialityissues.Quantitative: Disclose the standards, methodologies and applicable assumptions used for quantitative informa-tion where appropriate.Consistency: Where feasible and unless otherwise stated, the disclosure of statistical methods is consistent withprevious reports to ensure meaningful comparisons.Data Source: Unless otherwise indicated, all information and data referenced in this report is based on theCompany's internal documentation or relevant public documents. This report has been reviewed and approvedby the Company's Board of Directors. The Board of Directors of the Company warrants that this report containsno inaccurate records, misleading statements or major omissions.
Monetary Unit
Unless otherwise indicated, all monetary amounts are listed in RMB for this report.
Report PreparationProcess
This Report is compiled through stages including interview, data collection, framework establishment, reportwriting, report design, and is reviewed by departments and executives.
Once this Report is of?cially disclosed, an electronic version of the report will be available on the public website
Your feedback is immensely important for the Company to continually enhance its environmental and socialperformance. If you have any questions or suggestions regarding the Report, please contact the Company viathe following ways:
Address: 20th and 21st ?oors, No. 31, Donggang North Road, Huli District, Xiamen City, Fujian ProvincePostal code: 361013Tel: 0592-5826270Fax: 0592-5686161Email: 000905@xmgw.com.cn
Contact Information
Access to the report
0102
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Zhaohui ChenChairman of XiamenPort Development Co., Ltd.
Message from the Chairman
0304
This year, we have embraced innovation for development and pursued breakthroughs for tangible results, expand-ing our vision and advancing high-level port construction. The ?rst is to expand new logistics routes and boost portvitality. As the end of 2024, the expansion of berth #4 by Huajin Terminal was completed and successfully passedthe national-level port opening inspection. This will facilitate the launch of foreign trade feeder and direct routes,marking new breakthroughs in foreign trade operations. The multipurpose berths North #1-2 of Gulei Port has putinto operation, introducing the "Gulei-Xiamen" container liner route, while the main structures for bulk transport hasbeen completed. Additionally, Chaozhou Port began to handle rail containers via the "Xiamen-Chaozhou" feederbarge, pioneering a new model of "rail-sea intermodal transport + feeder transfer." The second is to expand newtowering business for revenue growth. In 2024, Xiamen Port Shipping begins to participate in various projects, suchas the power plant terminal in the Shenzhen-Shantou Special Cooperation Zone, completing 108 special towingoperations and rescuing 55 ships, with income from operations beyond Xiamen Port growing by 17.68% year onyear. The third is to enhance new productive capacities for a green and smart port. Xiamen Port Shipping hasof?cially commenced the construction of four new energy tugs, with related research topics having passed evalua-tion and acceptance by the Provincial Department of Transport. Xiamen Ocean Shipping Tally continues to innovatetechnologically and has been recognized as a technologically advanced service enterprise by Xiamen City. XiamenOcean Shipping Agency is enhancing its efforts in developing a green and smart port, undertaking six projects thatqualify for additional R&D tax deductions. In 2024, the Company is committed to innovation development, acquiringa total of 15 new software copyrights.This year, we focus on boosting governance ef?ciency and giving back to society. Through meticulous manage-ment, we have achieved high-ef?ciency port operations. We improve our governance through compliance construc-tion, establishing robust systems, re?ning internal controls, and securing employee well-being. We safeguard ourdevelopment through safety inspections, corrective measures, and hazard identi?cation. We revitalize our develop-ment through social contributions, such as public welfare activities, community partnerships, and rural revitaliza-tion. We strengthen our development through environmental inspections, pollution control, technical enhance-ments, and the development of a green port. In 2024, embracing a philosophy of integration and mutual bene?t,the Company has participated in 110 volunteer and public welfare activities, involving a total of 1,131 participants,and contributing to society with a value of RMB 1.601 billion. It has courageously ful?lled its duties as a state-ownedenterprise.Re?ecting on the past twenty years, we see growth and transformation amid challenges, charting the steadfastjourney of Xiamen Port, highlighting the drive and ambition of the port's people to revitalize industry and strengthenthe port in service of the nation. "Though the dream is distant, persistence makes it attainable; though the goal ischallenging, perseverance makes it achievable". As 2025 begins, Xiamen Port will mark its twenty-?rst year sincereorganization listing. At this new starting point, Xiamen Port aims to make signi?cant strides in building aworld-class port and to write a new chapter in leading Xiamen's progress toward socialist modernization.
The year 2024 marks the 75th anniversary of the founding of the People's Republic of China, a crucial year foradvancing the implementation of the targets set in the 14th Five-Year Plan, and the 20th anniversary of XiamenPort's reorganization listing.This year, we have synergized Party building with business growth.This dual empowerment has driven thehigh-quality advancement of the port. First, we focus on Party building leadership to drive the Company's develop-ment. In 2024, the Company forti?ed its Party building foundations, crafted a list of 17 high-quality Party buildinginitiatives for 2024 and launched 49 unique projects, each tailored to a speci?c branch. We have achieved anoperating income of RMB 22.147 billion, and the net pro?t attributable to shareholders is RMB 0.2 billion, utilizinghigh-quality Party building to empower high-quality enterprise development. Second, we concentrate on coreresponsibilities and main business, re?ning the business layout. Shihushan Terminal achieved a "dual improvement"in service quality and main business, Hailong Terminal experienced "dual growth" in its main business, woodchipand dredged material operations, and Huajin Terminal marked "dual breakthroughs" in foreign trade container andbulk services, collectively driving the vigorous development of the Company's main business. Third, we focus oncollaborative efforts to foster integrated development. The Company continues to coordinate the integration of bulkand terminal resources, warehouse resources, and the uni?ed operation of transportation services. Special teamshave been established for various integration projects, alongside a business information-sharing mechanism. Bycollaborating to expand the market, we continuously enhance the port's capability to attract and in?uence.
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Xiamen Port is a state-owned holding company listed on the Shenzhen Stock Exchange (StockCode: 000905), with registered capital of RMB 741.8096 million. The Company's majorityshareholder, Xiamen International Port Co., Ltd., holds 52.16% of the shares, while ultimatecontrol rests with the State-owned Assets Supervision and Administration Commission of theFujian Provincial People's Government. The Company is a national 5A logistics enterprise and 5Asupply chain service provider. It is the only publicly listed port platform under Fujian ProvincialPort Group, a major bulk and general cargo terminal operator, and a comprehensive logisticsservice provider at Xiamen Harbor. Additionally, it is the investor and operator of the XiamenXiangyu Comprehensive Bonded Zone.
Xiamen Port is mainly engaged in the investment and operation of bulk terminals, comprehensive port logistics services and port tradeservices. Its operations encompass complete and ef?cient port logistics supply chain, including terminal loading and unloading, tugassistance, ship agency, tally inspection, freight forwarding and customs clearance, container yard, transportation and distribution,and port trade activities.
About Xiamen Port
Company pro?le
Corporate culture
Business overview
Honors
Company structure
Mission
Embracing global visitors andconnecting ports worldwide
Vision
To become a leading port logisticsand supply chain serviceprovider on the Southeast coast
Values
Responsibility, innovation,passion, ef?ciency
Awarded unitTitle of honorsAwarding body
Xiamen
Port
Ranked ?rst in the"Top 10 Logistics Enterprises inXiamen in 2024"
Xiamen Federation ofEnterprises and Entrepreneurs,School of Management,Xiamen University, andXiamen Daily and XiamenRadio and Television GroupMinistry of Transport of thePeople's Republic of China
(MOT)
Ministry of Ecology andEnvironment of the People'sRepublic of China (MEE)
China Maritime RescueCoordination Centre (MRCC);Hainan MRCCNational Waterway Commu-
nist Youth League Work
Guidance and Promotion
Committee
China Customs BrokersAssociation (CCBA)
China Shipping Gazette
Xiamen OSAInternational Freight
Xiamen PortLogistics
SDIC Xiamen PortHainan Towing
Youth LeagueBranch of Xiamen
Port ShippingLudao CustomsOf?ce, Xiamen OSACustoms Broker
Xiamen OceanShipping Agency
The case "Xiamen OSA International Freight's Innovation of aMultimodal 'Single-Document' System Based on Freight Forwarding Billsof Lading to Create a Distinctive Sea-Rail Intermodal Service System"was selected for the national list of typical cases in transport logisticscost reduction and quality and ef?ciency improvement (second batch).The initiative to establish the "Xiangyu Zero-Carbon Comprehensive
Bonded Zone" has been recognized as relevant experiences andpractices of "Xiamen Practice" in ecological civilization construction
2023 National Maritime Search and Rescue Award Title;2023 Provincial Maritime Search and Rescue Award Title
Bronze Award in the First National Water Transport Industry Youth
Volunteer Service Project Competition
Excellent Of?ce of 2023
The 21st “Golden Wheel Cup” user-satis?ed shipping agency
0506
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
General meetingof shareholders
Board of directors
Senior management
Party committee
Discipline inspection
commission
Board of supervisorsStrategic Developmentand ESG CommitteeCompensation andEvaluation Committee
Audit Committee
PartyandWorkDepartment
DisciplineinspectionandSupervisionOf?ce
Of?ceof theBoard
FinancialSharingCenter
GeneralAffairsDepartment
Accountingdepartment
InvestmentManagementDepartment
OperationManagementDepartment
Safety andEnvironm-
entalDepartment
LogisticsDepartment
BulkBusinessDepartment
TradeDepartment
AuditDepartment
National 5Alogistics enterpriseNational 5A supplychain service enterprise
Quali?cations
Quali?ed unitsQuali?cations
0708
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Awarded unitTitle of honorsAwarding body
State-owned AssetsSupervision and AdministrationCommission of the FujianProvincial People's Govern-
mentFujian Federation of TradeUnions, Fujian ProvincialDepartment of EmergencyManagement, Fujian Provincial
Health CommissionCPC State-owned AssetsSupervision and Administration
Commission of Xiamen City
CPC Publicity Department ofXiamen Municipal Committee
Xiamen Port Authority
General PartyBranch of XiamenPort ShippingXiamen PortShipping,Huajin TerminalParty Branch ofGulei Towing,Party Branch ofXiamen OSAInternational FreightCommunist Youth
League ChinaXiamen ShippingAgency CommitteeShihushan Terminal,
Hailong Terminal,Xiamen OST Health
Quarantine,Xiamen Port Shipping,Gulei Towing, HaihongTerminal, Xiamen OSAshipping Development
Co., LTD, XiamenOcean Shipping Tally
Advanced Grassroots Party organization
of enterprises in Fujian Province
China Federation of Logisticsand Purchasing (CFLP)
Xiamen Port Trading, Xiamen OSA Customs Broker, Xiamen
Bonded Logistics, Xiamen OceanShipping Tally, Zhangzhou Haiming
Customs AEO Enterprise
Xiamen Ocean Shipping Agency,
Xiamen OSA International Freight
NVOCC business quali?cationXiamen Port TradingKey foreign trade enterprises in Xiamen City (leader)
Xiamen OSA International FreightMultimodal Transport Operator (Three-star)
Xiamen Port
Logistics
Excellent cases of digital transformation/application of Chinese logistics
and supply chain enterprises in 2024
Commended Units in the 2023 FujianProvince "Ankang Cup" Competition
Advanced Grassroots Party Organization under Xiamen City
State-owned Assets System
2024 Demonstration site for Learn- from
Lei Feng activities in Xiamen
Trustworthy Port and Shipping Enterprise in Xiamen Port (Grade AADemonstration Trustworthy Port and Shipping Enterprise in Xiamen)
Xiamen Municipal Science andTechnology Bureau, XiamenMunicipal Finance Bureau, State
Administration of Taxation,Xiamen Municipal TaxationBureau, Xiamen MunicipalCommerce Bureau, XiamenMunicipal Development and
Reform CommissionXiamen OceanShipping Tally
Xiamen Technologically Advanced Service Enterprise
Xiamen Port"National AAAAA Supply Chain Provider" titleXiamen Port, Xiamen Ocean Shipping Agency"National AAAAA Logistics Enterprise" title
Hailong Terminal, Xiamen Port Transport,
Xiamen Port Logistics, Huajin Terminal
"National AAAA Logistics Enterprise" titleXiamen OSA International Freight, Xiamen Bonded Logistics"National AAA Logistics Enterprise" title
Hailong Terminal
Designated ports for entry of grain by the General
Administration of CustomsHaiyu Terminal, Shihushan TerminalFujian Coal Reserve Base
Xiamen Port TransportOnline freight platform business quali?cations
Xiamen HaihengParallel imported automobile pilot enterprise
Xiamen Port Trading
Xiamen Supply Chain Innovationand Application Pilot Enterprise
RMB13.359billionRMB13.039billion2.40%
RMB4.876billionRMB4.96billion1.72%
RMB22.927billionRMB22.147billion3.40%
RMB0.232billionRMB0.2billion13.79%
RMB54.78millionRMB69.28million26.47%
27,263tons ofstandard coal
26,532tons ofstandard coal
2.68%
63,487tons of carbondioxide equivalent
61,083tons ofcarbon dioxide equivalent
3.79%
1,247,471tons1,221,055tons2.12%
0people0people-
24,245people28,745people18.56%
RMB1.664billionRMB1.601billion3.79%
76,343hours88,444hours15.85%
BlevelAlevel-
AA+AA+-
254060%
Social indicatorsEconomic indicators
2320
Governance indicators
Decreaseyear-on-year20232024
Decreaseyear-on-year2023
[1]
2024
Decreaseyear-on-year20232024
20232024
20232024
20232024
Increaseyear-on-year20232024
Increaseyear-on-year20232024
Increaseyear-on-year20232024
Remainunchanged
Remainunchanged
20232024
Increaseyear-on-year20232024
Decreaseyear-on-year20232024
Decreaseyear-on-year20232024
Decreaseyear-on-year20232024
Decreaseyear-on-year20232024
Decreaseyear-on-year20232024
Key performance
0910
Total assets
Net assetsattributable toparent company
Totalrevenue
Net pro?tattributable toparent company
Total investmentin environmental
protectionComprehensiveenergyconsumption
Total greenhouse
gas emissions
Fresh waterconsumption
Environmental indicators
Social valuecontributedNumber ofparticipants insafety trainingEmployeetraining hours
Number ofwork-related deaths
Number of board andspecial committeemeetingsNumber of responsesin "irm.cninfo.com.cn"
Informationdisclosure rating
Corporate
credit rating[1] Social value contributed， It refers to the sum of the Company's net pro?t, employee compensation, tax payment（Including enterprise income tax）,donation expenses, and various interest payments to creditors such as banks in 2024.
13.04%
Increaseyear-on-year
Riseyear-on-year
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
1112
Embracing the responsibilitiesof Our Era, committing toSustainable Development
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
ESG governanceESG risks and opportunitiesESG information disclosureIdenti?cation of dual materiality issuesCommunication with stakeholders
ESG risks differ from traditional risks due to their multifaceted and interconnected nature, affecting a company's business andoperations on multiple levels. Xiamen Port leads its development with top-level ESG strategies, incorporating ESG risks into itsgovernance structure, system procedures, and management processes. The Company takes proactive measures to identify andassess ESG risks.
Review the Company'sexisting risk inventory,including strategic, opera-tional, ?nancial, andcompliance risks.
Communicate with riskmanagement leaders andstakeholders; Facilitate ESGrisk identi?cation throughvarious actions and pro-cesses, aligning the resultswith the company’s strat-egy and goals to pinpointESG-related risks and oppor-tunities.
Analyze the origins of ESGrisks and their impact on theCompany. Perform a SWOTanalysis on the risk originsand their effects on theCompany; Categorize risksinto opportunities, threats,strengths, and weaknesses,and develop appropriatepolicies and measures formanagement.
Identi?cation and assessment
Amid a complex and dynamic domestic and international landscape, Xiamen Port is actively promoting ESG practices to achieve sustainable develop-ment. In terms of top-level design, the Company publishes an annual ESG report externally and establishes an ESG information system and manage-ment framework internally to realize its vision of developing a "world-class" port. On the fundamental level, the Company drives development throughinnovation, green growth, compliance and safety, and a people-centered approach. The Company aims to drive innovation by building smart terminals,smart plants and smart logistics; enhance environmental protection through energy conservation and emission reduction, low-carbon operation, andresource saving; advance safety through safe production, compliant operations, and a healthy environment; pursue humanistic development byprotecting employee rights and interests, contributing to society, and fostering community collaboration.
ESG governance
ESG risks and opportunities
ESG governance strategy
ESG visionEnabling high-quality development with ESG, soas to become a responsible corporate citizen.
ESG development
1) In March 2024, based on the "Reference Index System for Special Reports on ESG for State-owned Listed Companies" issued by
the General Of?ce of SASAC in 2023, the Company independently compiled its 2023 ESG Report. This report highlights the Company'sefforts and achievements in key areas such as information disclosure quality, governance structure, environmental sustainability,and climate change.
2) Xiamen Port is committed to enhancing its ESG capabilities, having engaged third-party organizations to provide training on the
latest ESG policy trends and report drafting techniques, thereby boosting the competency of the its ESG personnel and acceleratingthe development of its ESG framework.
3) The Company has developed an "Xiamen Port Green Low-Carbon Development Plan (2024–2030)" to accelerate the establishment
of an ESG governance system and to outline speci?c action strategies.
ESG honors
In 2024, the Company has actively participated in ESG case evaluation events in the capital market.The submitted case, "Green Initiatives at Xiamen Port: Pursuing the Dream of Port Workers,"", wasrecognized with the Best Practice in Sustainable Development by the China Association for PublicCompanies. Additionally, the Company received the ESG Value Transmission Award for Listed Compa-nies from Value Online for its exemplary performance in ESG governance. It also won the Cross-StraitCarbon Neutral Sustainable Development Excellence Award, jointly selected by the Fuzhou MunicipalGovernment, the Cross-Strait Carbon Neutrality Committee, and Tsinghua University. Furthermore,Additionally, it once again received the China Securities Journal's Golden Bull Award for High-QualityDevelopment, ranking among the "Top 20 in ESG Governance."
ESG commitment
As a responsible corporate citizen, the Company is dedicated to robustgrowth while actively supporting and advancing the 17 “SustainableDevelopment Goals of the United Nations'2030 Agenda’”. The Companystrives to achieve leading ESG standards within its industry.
the Best Practicein Sustainable Development
by the China Associationfor Public Companies in 2024
Xiamen Port has developed a top-down ESG governance structure with clearly de?ned responsibilities. This system is led by theCompany's Board of Directors and its Strategy Development and ESG Committee, managed by the ESG Leadership Team, andimplemented by dedicated ESG task forces. Each department and subsidiary acts as a unit of responsibility.ESG governance structure
ESG performance assessment
The Company has established three specialized ESG task forces focusing on social, environmental, and governance aspects. They will trackand assess the progress of sustainable development goals in line with the primary functions and key tasks of each department. Focus oncombining the annual energy conservation and emission reduction, compliance operation, safety production and other indicators with theannual performance assessment of the management level, and link it with the annual salary of the management level. By recognizingoutstanding projects, the Company encourages its departments and subsidiaries to enhance their engagement in ESG initiatives.
Board of Directors and Boardof Strategic Development andESG Committee
Handles the coordination anddecision-making for ESG-related conceptsand major mattersESG Leadership Team
Oversees the entire ESG reportingprocess and content, ensuring effectiveachievement of ESG objectivesESG Task Forces
Collects and organizes ESG data anddrafts ESG work reports
StructureDecision-making level
Senior managementImplementation level
Responsibilities
1314
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
innovation-drivenSmart terminals, smart parks and smart logistics drive innovation construction
Energy conservation and emission reduction, low-carbon operation, resource conservation to developenvironmental protection constructionSafe production, compliant operation and healthy environment promote safety constructionEmployee rights and interests, contribution to society, community construction to achievehumanistic construction
Green developmentCompliance security
people-oriented
the China SecuritiesJournal's Golden BullAward for High-QualityDevelopment, rankingamong the "Top 20 in
ESG Governance"
Production safety risks arise from insuf?cient safetyknowledge training for new employees, delayedrecti?cation or failure to meet requirements, improp-er handling of safety accidents, and failure toeffectively activate emergency plans.
Reinforce the implementation of safety responsibilitysystems, enhance the inspection of potential hazards,ensure timely recti?cation, improve on-site managementstrategies, and strengthen the assessment of safetyresponsibilities.Certain positions can have an
impact workers' health.
Implement occupational health and safety preventionmeasures for these speci?c positions in strict accordancewith national laws and regulations.
Failure to meet environmental standards can lead tolockouts, ?nes, and other consequences that harm acompany's social reputation and cause economiclosses.
Enhance the commitment to environmental responsibilitiesby ensuring proper hazardous waste management,improving wastewater treatment and discharge procedures,effectively controlling operational dust, and achievingcompliance in all aspects of environmental management.
1. Due to non-compliance with tax laws and regulations,
a company has unpaid or underpaid taxes, therebyfacing risks such as back taxes, ?nes, interest on latepayments, criminal penalties, and reputational damage.
2. Due to inaccurate application of tax laws in its
operations, a company fails to fully utilize available taxincentives, leading to overpayment and an unnecessarytax burden.
Establish a basic information system, regularly identifyand manage tax risk control points, track tax risksrelated to major matters, formulate coping strategies,and strengthen tax law learning and related training.
38items
ESG information disclosure
Xiamen Port prioritizes the continuous and accurate disclosure of ESG information. It diligently completes ESG disclosures and compilesan annual ESG report to present to the board of directors.To further standardize the management of ESG information, the Company introduces an ESG management system and platform, whichensures the regular and standardized handling of ESG-related metrics and information, thereby effectively advancing initiatives in theESG domain.Identi?cation of dual materiality issues
Xiamen Port conducts research and evaluations from both internal and external stakeholder perspec-tives to identify issues of both ?nancial and impact signi?cance to the Company. In 2024, based oninternal and external feedback and industry benchmarking results, the Company identi?ed 38substantive issues that signi?cantly affect both the Company and its stakeholders. These issues formthe foundation for this report and provide crucial guidance for Xiamen Port's ongoing ESG manage-ment efforts.
The Company initially identi?ed 38 topics related to the Company's efforts in terms of environmental,social and governance in combination with topics outlined in the SSE “Guidelines”, the characteristicsof the port industry, the nature of the Company, the stage of industry development, and the Compa-ny's own business model.
For the identi?ed issues, the Company collects stakeholder feedback through questionnaires, expertevaluations, and industry benchmarking. It then assesses both the impact signi?cance and ?nancialimportance to assign scores for each issue.
Utilizing the analysis results of impact and ?nancial materiality, and considering the Company'sdevelopment status, we determine the thresholds for both impact and ?nancial materiality issues.The materiality of each issue serves as an essential reference for the Company's ongoingdisclosure related to sustainable development and social responsibility.Among these, addressing climate change, pollutant discharge, waste management, energyutilization, and the safety and quality of products and services are considered issues of dualmateriality.
Whether the Company's performance on speci?c issues willsigni?cantly affect the economy, society, and environment
QuestionnaireImpact materiality
Whether these issues are expected to have a substantialimpact on the Company's business model, operations,development strategy, ?nancial condition, performance,cash ?ow, and ?nancing methods and costs in the short,medium, and long term.
QuestionnaireFinancial materiality
1516
Inadequate management of existing customers andinsuf?cient development of potential market demandcan result in customer loss or hinder market expansion.Incomplete customer records and a lack of proper creditevaluation may lead to poor customer selection,resulting in uncollected payments or ?nancial losses.
Enhance customer management, aggressively tap intopotential market demand, and develop comprehensive.cus-tomer records for regular updates, along with conductingcredit evaluations for new customers.Uncontrolled price reductions or increases can lead todecreased revenue or a loss of market share. Creditsales are out of control. Risks arising from unauthorizedchanges to the standard contract terms regarding rightsand obligations without proper review.
Enhance customer credit investigations, improve contractrisk assessments, strengthen contract performancemonitoring, and fortify capital risk management.Unclear information system planning, unscienti?c projectdevelopment, and irregular maintenance and changeprocedures can lead to low operational ef?ciency andinef?ciency; lack of effective oversight may causedevelopment projects to deviate from strategicobjectives, resulting in resource wastage and economiclosses.
Increase awareness of information system planning, andhire professionals to support development, mainte-nance, and modi?cations. Relevant departments shouldensure robust supervision.
Inadequate efforts in energy conservation and emissionsreduction may increase production costs, damage acompany's social reputation and cause economic losses.
Enhance corporate awareness of energy conservation andemissions reduction, accept guidance and supervision fromhigher authorities, continually optimize energy consump-tion and production structures, improve management ofexternal partners, and strive to build a resource-ef?cientand environmental-friendly enterprise.
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
DimensionsDescriptionCountermeasures
Safetyproduction
Occupation-al health
Environmen-tal protec-tion
Tax
Customermanage-
ment
Supply chain
Information
systemplanning
Energysaving andemissionsreduction
Step one: identi?cationof key issues
Step two: materialityanalysis
Step three: compre-hensive analysis ofmateriality issues
Materiality categoryDescriptionSurvey method
Substantive issue
1718
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Communication with stakeholders
Xiamen Port's stakeholders include shareholders, customers, employees, suppliers, the government/associations, theenvironment and communities. The Company highly values the concerns and needs of its stakeholders, actively expandingcommunication channels with them and establishing a regular dialogue mechanism, which enhances understanding andrecognition of the Company among both internal and external stakeholders and allows it to promptly address stakeholderfeedback. By integrating stakeholders' expectations and concerns into its strategy and operations, the Company fosters acooperative relationship based on mutual respect, mutual bene?t, and shared progress.
Government andregulatory bodies
Compliance managementBusiness ethics and integrityEnergy saving and emissions reduction
Inspections by leaders andcompetent departmentsCompliance inspectionsDaily policy implementation
UnscheduledUnscheduledUnscheduled
Shareholdersand investors
Compliance managementPay taxes according to lawInnovative R&DBusiness ethics and integrityIntellectual property protectionRisk managementHigh-quality information disclosureCommunication with investorsProtection of shareholders' rights
General meeting of shareholdersPeriodical reportsInvestor hotlineInteractive platformInvestor relations contact EmailInvestor relations section on theCompany website
UnscheduledQuarterly
DailyDailyDailyUnscheduled
Customers
Product qualityProtection of customer privacyAfter-sales serviceResponsible marketingCustomer complaint handling
Customer satisfaction surveyEmail and daily phone callsCustomer emailRespond to customer complaintsCustomer visit
YearlyUnscheduledUnscheduledUnscheduledUnscheduled
Partners
Compliance with laws and regulationsTransparent procurementLeading the healthy development of theindustryExchange and cooperationBusiness ethics and integrity
Selection and evaluationProcurement processPerformance assessmentCommunication with businesspartners (e.g. emails, meetings)
Periodical
Yearly
YearlyUnscheduled
Employees
Employee health and safetyEmployee careProtection of employee rightsEmployee growth
Training and inductionEmail and suggestion boxWorkers' congressEmployee performance evaluationEmployee activities
UnscheduledUnscheduled
Yearly
YearlyUnscheduled
Communities
and public
Community welfareCommunity developmentRecycling economyGreen of?ce
E-mail, telephoneCompany announcementSocial network platformCompany websiteSocial mediaCharitable donations and volunteerservicesCommunity activities
UnscheduledUnscheduled
Daily
Daily
Daily
YearlyUnscheduled
Stakeholders
Demands andexpectations
Communicationchannels
Communicationfrequency
Energy utilizationPollutant emissions
Response to climate change
Product and servicesafety and qualityEnvironmental compliancemanagement
high
Waste disposal
Green productsWater resources utilization
Employees
Innovative R&DSupply chain securityCompliancemanagementRisk preventionand control
Scienti?c and technological ethic
Due diligence
Investor relations managementEmployee care
Supplier managementData security andprivacy protection
Party leadershipIntellectualproperty protectionRecycling economy
Protection ofshareholders' rightsAnti-Unfair competitionInternal control and managementAnti-commercial bribery and anti-corruption
Rural revitalizationCustomer serviceSocial welfareTransparent information disclosure
Communication with stakeholdersEthnic managementGreen of?ce
Three-meeting operations
ESG governanceEqual treatment ofsmall and medium enterprisesEcosystem and biodiversity conservationImpact materiality
Financial materiality
highlow
Topic 1Empowering with digitalintelligence for embarking ona new journey
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Smart portSmart logisticsSmart towingIntelligent tallyIntelligent operation
Empowering with technology for enhanced quality and ef?ciency
The intelligent new energy hybrid tugboat development by Xiamen Port ShippingXiamen Port is actively fostering the development of a smart port by innovatively integrating various smart platforms and systems, whichhas achieved both the automation and greening of terminal operations, enhanced operational ef?ciency and safety, and providedvaluable experience for the smart development of bulk terminals nationwide.
Xiamen Port is committed to innovation-led growth and tech-driven transformation, advanc its digitalization efforts. By progressivelydigitizing traditional logistics business processes, it is committed to providing modern port-centered logistics services driven byinformatization.
Xiamen Port is committed to accelerating the planning and development of new energy intelligent tugboats to pioneer the use ofrenewable energy in Fujian Province's maritime sector, supporting the "Electric Fujian" and "Beautiful Xiamen" initiatives by contribut-ing the strength of port vessels.
Xiamen Port Shipping has successfully developed the ?rstgreen, intelligent, new-energy hybrid tugboat, "XiamenPort Tug 30", in Fujian Province. This vessel featurescutting-edge series hybrid technology and an advancedintelligent ship system. It can autonomously dock andundock, ensure safe navigation and operation, provideintelligent monitoring and decision support for engineroom equipment, manage smart operations and mainte-nance, and facilitate integrated ship-to-shore collabora-tion. As the ?rst "green emergency tugboat" in China, italso serves as an emergency support vessel for Xiamen'sNational Oil Spill Emergency Equipment Library.
Xiamen Port has taken a pioneering role in smart tally technology nationwide by co-authoring the industry standard, "Technical Require-ments for Intelligent Tallying of Port Containers", which establishes a framework for the intelligent tally industry. With a "5G-based smarttally platform", the Company won "the Most Innovative Service Award" at the Second Xiamen 5G Application Competition, and was listedin the "2023 5G Factory Directory" by the Ministry of Industry and Information Technology.
By December 2024, Xiamen Ocean ShippingTally's container handling and tally system wasof?cially launched, marking full digital coverageacross the its three main business modules ofthe Company. The system leverages big data todeeply integrate "data, technology, andbusiness". By interfacing with data fromstations and warehouses, it enables mobilemanagement of container loading and unload-ing, electronic transmission of operationalinformation, and real-time updates of results,instant issuance of tally documents, andstreamlined electronic circulation ofdocuments. This enhances digital manage-ment, creating an ef?cient and convenientoperational framework, providing customerswith faster and superior tally services.
Smart port
Intelligent tally
To develop a smart bulk terminal, Shihushan Terminal hasestablished a 5G electric loader remote control operatingroom. The unmanned and remote-controlled electricloader can take over labor-intensive and highly repetitivetasks from workers, effectively addressing the hazards ofdust, noise, and vibration associated with manual loaderoperations. This eliminates potential dangers to personalsafety and occupational health caused by work environ-ments, eases human burdens, and reduces the risks ofhuman-machine cross-operations.Smart logistics
Smart towing
Xiamen Ocean Shipping Agency's X-service platform
5G electric loader remote control operating room
Picture: 5G electric loader remote control operating room
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Case
Case
Case
The company has continuously integrated its internal information systems to develop the "Xiamen Port International ContainerTransport Collaboration Platform (X-Service Platform)". This platform encompasses various e-commerce applications, includingelectronic stowage planning, electronic pre-declaration, self-service equipment interchange documentation, electronic booking,electronic bill of lading veri?cation, electronic freight forwarding, online payments, online declarations, and online insurance.Since its launch, the platform has received several prestigious awards, such as the inaugural "China Port Science and TechnologyProgress Award", the "Fujian Provincial Science and Technology Award", the "Xiamen Science and Technology Progress Award",and the "China Federation of Logistics & Purchasing Science and Technology Progress Award". As the end of 2024, the platformhad engaged over 40,000 active users.
Case
China Port Science
and TechnologyProgress Award
Fujian ProvincialScience andTechnology Award
Xiamen Scienceand TechnologyProgress Award
China Federation ofLogistics & PurchasingScience and TechnologyProgress Award
Upgrading smart platforms for green and intelligent success
In 2024, the terminal dynamiccontainer management business
Intelligent operation
Xiamen Port places great emphasis on digital transformation and has developed and launched a series of intelligent platforms. Theseefforts have boosted the operational ef?ciency and management capabilities of the Company while providing robust support for theintelligent transformation of port ecosystem.
Fujian Ganglianjie Logistics is actively developing smart gateways, dynamic container management, and intelligent storageyard projects to enhance truck operation ef?ciency. This enables real-time tracking and querying of container movements,helping the trailer transport industry to reduce carbon emissions, cut costs, and improve ef?ciency. In 2024, the managementof dynamic containers at the terminal resulted in 50,188 fewer empty container transport trips, cutting carbon dioxideemissions by approximately 79.197 tons.
The Company is actively developing a legal informatization platform through implementing astandardized, fully online legal management system. This enhances real-time dynamic monitoringof key areas and critical points, promotes process standardization, simpli?es audits, and boostsmanagement ef?ciency, thereby enabling dynamic compliance risk monitoring, instant alerts, andrapid response. In 2024, a total of 21,469 contracts were processed online.
50,188trips79.197tons
7,046
transactions
In line with its speci?c business management needs, models, andcharacteristics, Xiamen Port Trading has developed a supply chainmanagement system, enabling "synchronized business and ?nancialoperations, concurrent management and regulation, seamless integra-tion of internal and external business processes, and shared informa-tion resources", having signi?cantly improved the operational, riskmanagement, and decision-making capabilities of port trade.In 2024,Xiamen Port Trading ERP system successfully processed a total of 7,046transactions（base on the data of contract）.
The Company has launched a ?nancial shared services system, facilitating corporate-bankconnectivity and improving management ef?ciency. By optimizing processes, integratingdata, and automating work?ows, it enables businesses to achieve digital transformation in?nancial management, thereby strengthening overall management capabilities. For businesscollaboration, the system integrates with ERP, OA, HR, and other platforms, facilitatingseamless cooperation between ?nancial and business departments. Through deep ?nancialdata analysis, the system provides precise ?nancial support to business units, helping themoptimize resource allocation, control costs, and enhance pro?tability.
To enhance customs clearance ef?ciency, Xiamen Port Logistics has developed adigital ERP data interaction platform for the comprehensive bonded zone (CBZ).This innovative platform enables the real-time tracking and data sharing betweenERP systems of business entities in the CBZ and customs networked supervisionprocess points. It facilitates convenient customs supervision and rapid customsclearance, thereby improving the logistics service level of Xiangyu CBZ.
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Case
Legal informatizationplatform
Financial sharingsystem
Xiamen Port Trading ERPsystem
Xiamen Port Logistics' digital ERPdata interaction platform forcomprehensive bonded zone
Reduce emptycontainer transport
cutting carbon dioxideemissions by approximately
successfullyprocessed a total of
Topic 2Pursuing green developmentfor a new port
2526
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Adhere to one principleFocus on two objectivesFollow three basic principlesEstablish four model initiativesGreen construction achievements
370.61tons138.29tons of
standard coal
15.36tons of
standard coal
41.16tons
3.87tons of
standard coal
10.37tons
4.06tons of
standard coal
10.88tons
15tons of
standard coal
40.2tons
100tons ofstandard coal
268tons
19.28MW
14.0937million KWh
1,732.12tons4,642.07tons
The capacity for clean energy supply has been continuously enhanced. The Company is actively advancing the constructionof solar photovoltaic systems by developing installations and energy storage facilities at locations such as the Hailong Terminal,Haixiang Terminal and logistics parks. As of 2024, the Company continues to expand its photovoltaic projects.
In the global context of addressing climate change and promoting green development, Xiamen Port actively embraces the "dual carbon"strategy by embedding green and low-carbon philophy into every facet of production and operations. The Company has developed an"Xiamen Port Green Low-Carbon Development Plan (2024–2030)", aiming to achieve its development goals in green transformation andenvironmental management through a series of initiatives, and contributing the port strength to the national "dual carbon" strategy.
Achieve an "exemplary" domestic level in overall green and low-carbon development
Attain a leading domestic position in green and low-carbon development within thelogistics sector
Pursue green development for comprehensive transformation
Model for green and low-carbon transformation and upgrading of bulk terminalsModel for breakthrough advancements in new and clean energy port tugsZero-carbon pilot demonstration modelModel for the integrated green and low-carbon development of ports, industries, andurban areas
Port-centered coordination for uni?ed progressInnovation-driven strategies for sustainable growth
Achieve an advanced domestic level in green and low-carbon development in the port,tug, and transportation sectors
By promoting the use of electric machinery such as electric loaders and forklifts, we'veeffectively reduced fuel consumption and carbon emissions. In 2024, the Company achieved atotal energy savings of138.29 tons of standard coal and a reduction in carbon dioxide emissionsby 370.61 tons through continuous equipment electri?cation.
Upon completion, it is estimated to saveapproximately 15.36 tons of standard coalannually, resulting in a reduction of over
41.16 tons of carbon dioxide emissions.
Energy conservation and carbon reduction
2024 Green Port ProgramsProgramAchievements
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Adhere to oneprinciple
Focus on twoobjectives
Follow threebasic principles
Establish fourmodel initiatives
Xiamen Port Logisticsprocured two electronicstackers
Green constructionachievements
Upon completion, it is estimated to saveapproximately 3.87 tons of standard coalannually, resulting in a reduction of over
10.37 tons of carbon dioxide emissions.
Xiamen Bonded
Logistics procured?ve electronicforklifts
Upon completion, it is estimated to saveapproximately 4.06 tons of standard coalannually, resulting in a reduction of over
10.88 tons of carbon dioxide emissions.
Gulei Port procured three
shore power systems,
three forklifts and 30charging piles
Upon completion, it is estimated to saveapproximately 100 tons of standard coalannually, resulting in a reduction of over268 tons of carbon dioxide emissions.Hailong Terminalprocured 9 electric
loaders, and 1 electricpickup
Upon completion, it is estimated to saveapproximately 15 tons of standard coalannually, resulting in a reduction of over
40.2 tons of carbon dioxide emissions.
Shihushan Terminalprocured one 5G
remote-controlled EVreloading machineand two all-electricwide-body miningdump trucks
Achieved a totalenergy savings of
Achieved a reduction in carbondioxide emissions by
Save energy
Save energy
A reduction in carbondioxide emissions
A reduction in carbondioxide emissions
Save energyA reduction in carbon
dioxide emissions
Save energyA reduction in carbon
dioxide emissions
Save energy
Photovoltaic installedcapacity has reached
Its clean energy production has totaledCan save standard coalA reduction in carbon dioxide emissionsIn 2024
A reduction in carbondioxide emissions
Achieve signi?cant reductions in exhaust emissions through the implementation of shore power
Reduce air pollution with comprehensive wind and dust control measures
The terminals under Shihushan Terminal have collectively installed 15shore power piles. As of 2024, the cumulative number of connectedvessels is expected to reach 184, with a total electricity consumption of82,507 KWh, signi?cantly reducing the impact of ship exhaustemissions on air quality.
Completion of the 6MW distributed photovoltaic project by Hailong TerminalIn December 2024, Hailong Terminal's 6MW distributed photovoltaic projectsuccessfully connected to the grid at full capacity, making it the largestport-based distributed photovoltaic power plant in Fujian Province. Theproject utilizes approximately 60,000 square meters of rooftop space acrossWarehouses 1#-6# of Hailong Terminal. It features two construction phasesusing the "conventional modules + water drainage channels + color steeltiles" model and the "detachable ?exible modules + ?berglass compositetiles" model. Upon completion, the plant will generate nearly 7 million KWhannually, signi?cantly surpassing the total annual electricity consumption ofHailong Terminal. The green electricity produced annually can replacearound 2,200 tons of standard coal and reduce carbon dioxide emissions by7,000 tons, equivalent to planting 390,000 trees. Additionally, the project's5MW/10MWh centralized energy storage facilities are in the commissioningphase. The project maximizes the resource advantages of the port'sincremental distribution network, achieving seamless integration of "photo-voltaics + energy storage + shore power for ships + electric vehicle charging+ 5G + digitalization".
The sustainability of our infrastructure has been signi?cantlyenhanced.The Company has implemented a green lighting project, utilizingLED energy-saving lighting ?xtures on high mast lights, street lights, and largeequipment in the port area. As the end of 2024, the Company have installeda total of 217 LED high mast lights, marking a 58.39% increase compared tothe previous year.
All port areas and logistics warehouses are equipped with wastewater treatment plants and rainwater/sewage collec-tion pools have been built to manage and reuse sewage and rainwater from port activities.
At the Haiyu Port area of Hailong Terminal, there are 15 rotating ?xed mist cannons and 6 mobile mist cannon vehicles. The portis also equipped with 5 sweepers, 4 water sprinkler trucks, and 3 multifunctional sweepers for ongoing dust suppression andcleaning of roads and storage yards. Additionally, the port area features 5 fully automatic wheel washing systems, mandatingall outbound trucks to pass through for cleaning. Around the facility perimeter, a 1.42-kilometer wind and dust suppression net,standing 15.3 meters tall, has been installed. Using aerodynamic principles, windbreak and dust suppression walls createinterfering air?ow patterns inside the wall, effectively preventing dust from spreading outward and achieving optimal wind anddust control.
Agreements have been made with third parties to delegate the reception of ship pollutants to quali?ed units, ensuringproper treatment of pollutants. Hazardous wastes such as used oil are temporarily stored and regularly handed over toquali?ed units for safe disposal. General industrial solid wastes like scrap iron are temporarily stored and periodically entrust-ed to recycling companies for reclamation and reuse.In the future, Xiamen Port continue to invest in the research and application of green technologies, striving to explore innovativegreen and low-carbon development models. This will drive all sectors toward higher levels of green development, creating morereplicable and promotable green models, and ensuring that sustainability remains the lasting cornerstone of Xiamen Port's develop-ment.
217seat58.39%
Shore power facilities have been installed at every berth of the Company exceptfor liquid chemical berths, achieving 100% coverage at dry bulk berths, andthereby reducing fuel consumption and pollutant emissions during berthing.Cumulative shore power consumption (including tugs) during the reporting periodwas 1,476,072 KWH, up 106.37% year-on-year.
100%
Continuously advance shore power utilization for docked vessels
To combat dust pollution, rotating ?xed mist cannons, mobile mist cannon vehicles, sweepers, and sprinklers are deployedto spray storage yards and roads.Take multiple measures to reduce air pollution
Promote centralized treatment and discharge of wastewater
Ensure compliant disposal of ship pollutants and waste
2930
2,200tons7,000tons390,000trees
184ships82,507KWh
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Pollution control efforts
CaseCase
Case
photovoltaics
energystorageshorepower forshipselectricvehiclecharging
digitali-zation
5G
Organicfusion
Annual electricitygeneration
It can replacestandard coal
Carbon dioxidereduction
Be equivalent toplanting green trees7millionKWh
Build LED highpole light
Increaseyear-on-year
Cumulativedocking vessels
Cumulative electricityconsumption
Rotating ?xedmist cannons
Mobile mistcannon vehicles
Sweepers
Watersprinkler trucks
Multifunctional
sweepers
Fully automaticwheel washing systemsEquip
Shore power coverageof dry bulk berth
1565435
Adhering to the principle ofef?ciency and strengthening themanagement foundation
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Enhancing Party leadershipOptimize governance structureTransparent and steady operationProtection of investors' rights
Xiamen Port's Party committee conducted training to enhance grassroots Party workers' skills
In April 2024, to deeply study and implement Xi Jinping Thought on Socialism with Chinese characteristics for a New Era and the spiritof the 20th National Party Congress of the Communist of China, strengthen the Company's grassroots Party organization construction,stimulate their "driving force", and enhance the professional skills and business competence of Party branch secretaries and Partyworkers, the Company's Party committee organized a series of training sessions to enhance the capabilities of grassroots Party affairsworkers. Nearly 50 grassroots Party branch secretaries took part in this focused training program.
Held a lecture themed on "Strengthening Ideological Fronts and Enhancing OnlinePublic Opinion Management"
Enhancing Party leadership
In accordance with the "Constitution of the Communist Party of China", the "Company Law of the People's Republic of China", and the "Regulations onthe Primary-level Working Organization of Communist Party Committees in State-owned Enterprises（trial implementation）", Xiamen Port integrates theParty's activities into the its articles of association, clearly outlining the responsibilities and authority of the Party organization and its structure, andaf?rming the organization's legal status within the corporate governance framework. It has developed and continuously revised a series of policiesincluding the "Three Majors and One Large System", "Committee 'First Topic' Study System", "Party Committee Meeting Rules of Procedure", "PartyCommittee Theoretical Study Center Group Implementation Measures" and the "Committee Party Organization Fund Management Measures". Thesesystems ensure that the Party committee can "set the direction, manage the overall situation, and promote implementation", while securing the fundsnecessary for party-related activities. This approach maximizes the role of the Party as a guiding force, seamlessly integrating party leadership withcorporate governance.
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the Company thoroughly studies and implements thespirit of the 20th National Congress of the Communist Party of China, and the Second and Third Plenary Sessions of the 20th Central Commit-tee. It thoroughly applies Xi Jinping's key insights on the reform, development, and Party building of state-owned enterprises. It fully utilizes theguiding role of the Party organization. It aligns closely with the corporate development strategy and core objectives, leveraging the powerfulin?uence of Party building to guide business and drive reform and development. The Company aims to steer and empower high-qualitydevelopment through high-quality Party building.
Management system
Party building activities
times
proposals
The Company consistently considers studying the guiding principles of the 20th National Congress of the Communist Party ofChina and the Third Plenary Session of the 20th Central Committee as a "compulsory course" for the theoretical learning ofthe central group, cadre education and training, as well as Party member learning and education.Party committee membersset an example by demonstrating the "leading geese effect", actively connecting with and supporting Party branches, andspearheading Party lectures on "deeply studying the spirit of the Third Plenary Session of the 20th Central Committee". Thiseffort ensures that all leaders complete the "State-owned Enterprise e-Learning" online specialized training program,integrating these principles into every aspect of the Company's reform and development. The aim is to transform theseprinciples into concrete actions that drive the Company's high-quality growth, ful?ll duties and responsibilities with a sense ofmission, and provide the motivational energy needed for innovation and entrepreneurship.
The Company reinforces Party governance accountability by thoroughly advancing comprehensive and strictgovernance of the Party. To fully implement the key tasks of strict Party governance, it formulates an annual list ofprimary responsibilities and supervisory responsibilities to ensure effective Party governance. The Party secretary?rmly ful?lls the role of "primary responsible person", while members of the leading team actively perform their"dual responsibilities" in researching, deploying, supervising, and inspecting strict Party governance within theirareas, ensuring clear accountability and full commitment.
The Company enhances the political awareness and organizational discipline of its Party members through regularstudy sessions, themed Party day activities, the "One Branch, One Project" initiative, and the establishment ofpioneer posts and youth commando teams. These efforts encourage Party members to take the lead and reinforcethe foundational strength of the Party branches. By converting the impetus of Party-building into momentum foradvancing business operations, the Company gains solid organizational support for its high-quality development.In compliance with the central mandate for "Party Discipline Learning and Education", the Company has seized theopportunity presented by the new "Regulations" to enhance disciplinary education among its Party members. Atthe headquarters and its subsidiaries, 25 special sessions and training programs on the "Regulations" wereconducted. A total of 715 copies of the "Regulations" and related interpretation materials were distributed to Partycadres. Additionally, 204 online self-assessment knowledge tests about the "Regulations" were completed. TheCompany also hosted expert-led lectures on Party discipline and organized a themed reading event.3334
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Theoretical study
Party spiriteducation
Party disciplinestudy
StrengtheningParty discipline
Case
Case
In November 2024, the Company invited the experts from the Xiamen Network Security Emergency Command Center (Public OpinionCenter) to deliver a lecture focusing on "Strengthening Ideological Fronts and Enhancing Online Public Opinion Management". Approxi-mately 60 participants attended the lecture, including members of the Company's Party committee, leaders overseeing ideologicalwork from subsidiary enterprises, relevant department heads and personnel, and online commentators. The successful conduct of thisspecial lecture has enhanced the ideological awareness and online public opinion management skills throughout Xiamen Port. It haselevated the ideological awareness across the Company and strengthened its capability to manage online public opinion, offeringstrong support for the Company's stable growth.
Picture: During the lecture
Picture: Xiamen Port's Party committee conducted training to enhance grassroots Party workers' skills
In 2024
Set thedirectionManage theoverall situation
PromoteimplementationHeld party committeeReview
Xiamen Ocean Shipping Agency conducted specialized Party discipline trainingFrom November to December 2024, Xiamen Ocean Shipping Agency organized a series of Party education activities themed "UniteHearts and Forge Ahead with Determination". Party members visited key locations such as Chushan Village, Dazhai Village, JinshaAcademy, Jimei Tower, and the Chen Jiageng Memorial Hall. These visits facilitated in-depth studies of the "Spirit of the Soil", the"Jiageng Spirit" and the strategy of "Rural Revitalization". The Company's Party committee also invited, the lecturer from municipalParty committee to deliver a special lecture titled "In-depth Study and Implementation of the Spirit of the 20th Party Central Commit-tee's Third Plenary Session: Promoting Reform with Determination and Action". The lecture guided members in exploring the corespirit of the plenary session, and deepening their understanding of the Party's latest theoretical advancements.
times
times
times
times
times
times
times
times
times
In 2024, the Company held a total of 5 shareholder meetings to review 24 proposals,9 board meetings to review 53 proposals; 11 board commit-tee meetings to review 24 proposals; 4 independent director meetings to review 10 proposals; 6 supervisory meetings to review 12 proposals;and 37 management meetings to review 120 operational matters.
Optimize governance structure
Construction of "Three Committees and One Level"
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Picture: The specialized Party discipline training organized by Xiamen Ocean Shipping Agency
Case
In accordance with the "Company Law of the Peoples Republic of China", "Securities Law of the People's Republic of China", and other relevantregulations, and based on its strategic aim of becoming a "leading port logistics supply chain service provider in the southeast coastal region",Xiamen Port has established a governance structure characterized by "clear distinctions of rights and responsibilities, scienti?c ef?ciency,coordinated operation, and effective checks and balances". This "Three Committees and One Level" model facilitates the smooth functioning ofthe shareholders' general meeting, board of directors, board of supervisors, and executive management, thereby consistently enhancing theCompany's operational performance. In the meanwhile, each subsidiary are ?rmly cultivating a public company mindset, maintaining strictadherence to compliance in operations, strengthening risk management and internal controls, and enhancing the quality of board, supervisoryand shareholder meetings.
shareholdermeetingsproposals
proposals
shareholder meetings
proposals
board meetings
proposals
supervisory meetings
In 2024, the Company's subsidiaries
proposalsproposalsproposalsproposalsoperational matters
boardmeetings
board committeemeetings
independent directormeetings
supervisorymeetings
managementmeetings
Xiamen Port held key objectives meeting of 2024
There are several special committees under the Company's board of directors, including the Strategic Developmentand ESG Committee, the Audit Committee, and the Compensation and Evaluation Committee. Each committee strictlyadheres to relevant institutional regulations and diligently ful?ll their responsibilities, thereby signi?cantly enhancingthe ef?cient and standardized functioning of the board.
In strict adherence to the "Code of Corporate Governance for ListedCompanies" and other relevant guidelines, the Companycontinuously enhances the development of its board by implement-ing six key authorities: long-term decision-making power of theboard, appointment of management, performance evaluation ofmanagement, management of executive compensation, manage-ment of employee wage distribution, and oversight of major?nancial matters. With structured board operations, externaldirectors constitute the majority of the Company's and its subsidiar-ies' boards, effectively leveraging the Board of Directors' critical rolein setting strategy, making decisions, and managing risks.The Company's board development was recognized as the "2024Outstanding Practice Case" by the China Association for PublicCompanies.
The Company uses a cumulative voting system to elect boardcandidates. The board of directors or shareholders holding morethan 3% of the Company's outstanding voting shares cannominate candidates for the board. The board consists of ninemembers, including three independent directors. Independentdirectors ful?ll their responsibilities diligently, contributing todecision-making, maintaining checks and balances, offeringprofessional advice, safeguarding the Company's overallinterests, and protecting the legitimate rights of minorityshareholders. The diverse composition of the board demonstratesstrong complementarity in many aspects, such as age, education-al background, professional experience, work history, skills, andtenure. This diversity enhances the effectiveness and quality ofthe board's decision-making.
In strict adherence with relevant laws and regulations, the boardexercises its authority to oversee the Company's operations,?nancial status, and the performance of duties by directors andsenior management. The board consists of ?ve members,including two employee representative supervisors, who aredemocratically elected by the Company's employees.
Senior management is appointed by the board of directors andoperates with a commitment to shareholders, stakeholders, andthe public. They diligently and faithfully ful?ll their ?duciaryresponsibilities by focusing on "strategizing business operations,ensuring execution, and enhancing management" to maximizethe Company's long-term value.
In January 2024, Xiamen Port held a special meeting on keyobjectives for the year 2024. The meeting was chaired by thesecretary of the Company's party committee and generalmanager. Attendees included the Company's leading team,managers from the headquarters' functional departments, andkey representatives from subsidiaries. The meeting outlined theproduction and operational targets, major tasks, and safety andenvironmental responsibilities for both the Company and itssubsidiaries for the year 2024.
131corporateregulations17items
3738
Xiamen Port enhances motivation and creativity across all levels by implementing standardized compensation management. The Company'scompensation structure adheres to the principles of competitiveness, fairness, and incentivization. Compensation is determined based onvarious factors, including the speci?c position, job level, company performance, and performance evaluations. The remuneration for directorsand supervisors is reviewed by the Board Compensation and Assessment Committee, approved by the board of directors, and then submittedfor approval by the shareholder meeting. The remuneration for senior management is also reviewed by the Board Compensation and Assess-ment Committee and approved by the board of directors. Additionally, the compensation details for directors, supervisors, and senior manage-ment are publicly disclosed.
Xiamen Port places great importance on its internal control processes by establishing a comprehensiveinternal control system. The Company has formulated several regulations, including the "Internal AuditSystem", "Internal Control Inspection and Evaluation System", "System Management Measures", and the"Accountability Measures for Violations of Production and Business Management Rules", which clearlyde?ne the roles and responsibilities for evaluating the internal control system. It also encourages alldepartments and af?liated enterprises to conduct timely self-inspections and assessments, continuouslyimproving and optimizing the construction of the internal control system. The Company organizes acomprehensive evaluation of the design and operation of internal controls across both the headquarterand its subsidiaries, thereby promptly providing recommendations for recti?cation and ensures theirimplementation. As the end of 2024, the Company had established a total of 131 corporate regulations,with 17 revised in the year 2024.The Company has established a Board Audit Committee, with the Audit Department serving as the internal audit body. The departmentoperates independently and objectively under the direct leadership of the Company's Party committee and Audit Committee of the Board,diligently carrying out audit supervision and service functions. It continuously monitors, evaluates, and assesses the effectiveness of theinternal control system to ensure compliant operations and enhance corporate governance.
Focusing on increasing revenue, reducing expenses, enhancing internal controls, and compliance management, we exploredcritical, challenging, and high-risk areas of business management. A total of ?ve specialized audits and two targeted inspectionswere conducted, focusing on major issues like related-party transactions, guarantee provisions, use of raised funds, and ?nancialassistance. We performed compliance audits of internal control processes, which spanned 52 instances across secondary andtertiary enterprises.
Board compensation management
Internal control
Development of special committees
Transparent and steady operation
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Board of directorsBoard diversity
Board of supervisorsSenior management
Case
Conduct researches and provide recommendations on the Company's medium- to long-termdevelopment strategy, major investment decisions, and signi?cant ESG-related matters.Specialized committeesStrategic Developmentand ESG Committee
Responsibilities
Specialized committeesResponsibilities
Supervise and evaluate the Company's internal audit activities, establish and enhance theinternal audit framework, and guide the effective operation of the internal audit department. Italso oversees the Company's internal control systems, reviews the annual internal controlassessment report, suggests necessary actions or improvements, and reports directly to theboard of directors.Audit Committee
Develop and conduct assessments based on standards for appraising the Company's directorsand senior management. It also formulates and reviews the compensation policies and plansfor these roles.Compensation andEvaluation Committee
Internal audit
The Company hasestablished a total of
Revision of thecompany regulations
We initiated a self-assessment of internal controls among the Company's functional departments and subsidiaries. Throughinspection, testing, and evaluation of internal control design and operations, we identi?ed vulnerabilities and potential risks,ensuring ef?cient remediation of de?ciencies and enhancement of the internal control system.
Adhering to the principle that both the follow-up on audit recti?cation and the identi?cation of issues are equally important andmust progress in tandem, routine efforts include monthly tracking of issue remediation identi?ed in audits, maintaining closurerecords, and coordinating recti?cation tasks. On this basis, a "look back" inspection has been carried out to review how subsidiarieshave addressed audit ?ndings over the past three years. This inspection aims to reinforce accountability and ensure effectiveremediation, involving 21 subsidiaries.
Xiamen Port is continually enhancing its risk management by strengthening mechanisms to control major operational risks. It has developedseveral foundational and supplementary risk management systems, such as the "Risk Assessment Management Measures" and "MajorOperational Risk Event Reporting Work Rules". The risk management process consists of several key points, including risk assessment, trackingand monitoring, control, and event reporting. It aims to ensure effective guidance for daily risk management and the development of the riskcontrol system.
Risk management
Organizational structure
Board ofdirectors
Risk identi?cation
Compliance management
Ensures effectivecomprehensive riskmanagement andis accountable toshareholders.
Reviews and decideson key risk manage-ment issues andsigni?cant matters,overseeing risk assess-ment efforts.
Coordinates and managesall aspects of daily riskmanagement, organizesregular or special riskassessments, collects riskinformation, and compilesrisk assessments fromvarious subsidiaries.
Develops the risk manage-ment mechanism for theirown department or theCompany, and carries outspeci?c daily risk manage-ment activities.
Considering industry characteristics, the Company identi?es and mitigates various risks associatedwith daily operations by classifying them into seven primary categories: strategic risk, ?nancial risk,market risk, operational risk, legal compliance risk, safety risk, and information system risk. Each ofthem is further divided into 70 secondary risk categories, such as investment risk, cash ?ow risk, pricerisk, logistics management risk, environmental protection risk, compliance risk, and information systemsecurity risk.
Risk warningand tracking
Special research
The Company undertakes regular and special risk assessments, collects risk information, guides andorganizes routine internal control inspections and evaluations, and compiles internal control evalua-tions and risk assessments from all subsidiaries. Moreover, it formulates the "Major Operational RiskEvent Reporting Guidelines", establishes and re?nes mechanisms for managing and controlling majoroperational risks, de?nes the reporting procedures, and swiftly implements countermeasures toeffectively prevent and mitigate these risks.
The Company formulates risk response strategies by assessing risk analysis results, weighing risks andreturns, and aligning with its risk tolerance. It aims to effectively control risks through a comprehensiveapplication of risk avoidance, risk reduction, risk sharing, and risk acceptance strategies.
The Company enhances risk management in port logistics and supply chain operations by establishinga three-tier risk control system, thereby forming a scienti?cally hierarchical management model forspecial control of key business operations. In 2024, the Port Logistics Supply Chain Business Manage-ment Team has conducted assessment and reviews on key business risks, such as new types of cargo,major contracts, and credit approvals for signi?cant clients.
Xiamen Port remains steadfast in its commitment to compliant business practices through rigorously following the Fujian Provincial SASAC's"Compliance Management Measures for Funded Enterprises" along with other relevant laws, regulations, and industry standards. The Compa-ny has established the "Compliance Management Measures" to ensure that legal compliance is integrated into every aspect of its productionand business management processes. No major violations were recorded throughout the year 2024.
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Problem recti?cation
Internal control
Seniormanagement
AuditDepartment
Functional departmentsand subsidiaries
Risk controlmeasures
Special risk controlmechanismfor key business
Organizational structure
Head of theCompany
Serves as the chief personresponsible for thepromotion of legalgovernance, effectivelyassuming the roles oforganizer, promoter, andpractitioner of lawful andcompliant operationsmanagement, and activelyadvancing compliancemanagement efforts;
Compliancemanagement committeeOversees and coordinatescompliance activities,addressing and resolvingkey challenges;
Chief Compliance
Of?cer andCompliance ManagementDepartmentOrganize, coordinate, andoversee compliancemanagement tasks,providing support forvarious departments andsubsidiaries;
Business andfunctional departmentsAppoint compliance liaisonof?cers who receiveguidance and training fromthe Compliance Manage-ment Department. Theyassist department heads inconducting compliancereviews of their operationsand management within thedepartments or businessareas, ensuring seamlessintegration of compliancewith business activities.
In line with the high incidence of labor and personnel dispute cases in the sector, the Company hasdeveloped the "Labor and Personnel Compliance Guide". Based on the new "Company Law", theCompany has produced a report titled "Summary and Insights into Important Revisions in the New'Company Law'".
Auditing mechanism
To strengthen compliance management in key areas and crucial points, the Company is consistentlyre?ning its legal risk prevention mechanisms and internal control systems. It rigorously applies acompliance review process for matters such as economic contracts, regulations, and major decisions.
Integrity in professional conduct and cultivating a culture of integrity at its core
Special legal lecture on the new "Company Law"
Anti-Corruption and integrity
147programs162 instances
Focusing on political oversight, the Company has reviewed 147 Programs related to major decisionsand signi?cant matters, and issued integrity certi?cations for 162 instances. Discipline inspection andsupervision agencies have also thoroughly implemented checks on the adherence to the spirit of the"Eight Regulations" and its implementation guidelines, and conducted special initiatives to rectify the"Four Forms" for maintaining a ?rm and uncompromising stance. By committing to a strict approachand focusing on key areas such as capital-intensive sectors, centralized power, and resource-richenvironments, the Company has conducted "1+X" inspections, dismantled the unwritten rules ofexploiting corporate resources, and carried out comprehensive investigations into public vehicleusage.
In 2024, Xiamen Port organized and participated in 27 legal education seminars, involving approximately280 participants. Additionally, the Company's legal team organized eight thematic legal educationexchange sessions, addressing key and complex issues encountered in subsidiaries' operations. Utilizinga combination of online and of?ine methods, such as WeChat public accounts, web pages, bulletinboards, and thematic meetings, the Company has conducted a series of legal education and publicityactivities on topics like the Civil Code, intellectual property, promoting business integrity, and the Constitu-tion, further integrating legal and business practices and enhanceing compliance awareness.
The Company continuously updates the "Integrity Control Manual". In 2024, there were 21 new risk points based on supervisory ?ndings,introducing 13 risk points and control measures for new business areas, optimizing 53 control measures based on new managementrequirements, updating 15 risk points and control measures in response to organizational changes, and promptly establishing control manualsfor two companies transitioning from construction to production. An "Internal Control Enhancement Team" has been established to conductself-assessments of the Company's internal control processes. By maintaining a problem-oriented approach, the Company conducts self-exam-inations to learn from common issues. The supervision department provides dynamic feedback on identi?ed risks to functional departments,promoting a proactive approach to risk management.
The Company has also carried out the "Integrity Culture Education Month" event, organizing a total of 59educational activities such as visits to integrity education centers, family ethics exhibits, screenings ofcautionary ?lms, and studies of exemplary cases, with a total of 3,688 participants. Three self-producedmicro-lecture videos titled "Integrity in Action, Ethics in the Heart" have been released via the of?cialaccount, continually fostering a positive culture of promoting and practicing integrity.
The Company organized a 2024 Integrity and Compliance Training program for new employees, themed "Secure Integrity Firstly,Start Your Career Rightly". The training aims to educate new employees on party discipline, regulations, and company policies,effectively fortifying the ?rst line of defense in their careers.
A focused discussion was also organized for procurement management staff. The meeting centered on analyzing and sharing riskcontrol measures across four areas: approval processes, acceptance and settlement procedures, inventory management, and thedisposal of obsolete materials. This initiative seeks to elevate the internal control standards in procurement management.
The Company organized a dedicated exchange meeting for key ?nancial staff to address and highlight risk points in the process ofexpense reimbursement.
In April 2024, the Company invited a senior partner from a law?rm to present a special seminar on the new "Company Law".The seminar highlighted modi?cations in the new law, focusingon the duties of loyalty and diligence of directors, supervisors,and senior management, as well as regulations concerningsingle-shareholder companies. Through this training activity, theCompany aims to reinforce compliance standards, foster alegal-conscious corporate culture, and drive high-qualitybusiness development.
Xiamen Port rigorously ensures that Party members and cadres adhere to the "Regulations on Disciplinary Actions of the Communist Party ofChina", the "Provisions on the Integrity of Leaders in State-Owned Enterprises", the "Guidelines for Clean Governance of the Communist Partyof China" and other relevant Party rules and laws. The Company is dedicated to strengthening the culture of Party conduct and integrity withinthe enterprise and advancing anti-corruption initiatives, consistently upholding a resolute political stance against corruption. Through relentlesspressure, it is also committed to deter corruption, deepen and expand preventive measures, and strengthen efforts to eliminate the desire forcorruption, fostering a culture of integrity and consolidate a healthy political environment to drive the rapid and high-quality development of theCompany.
The Company continuously implements a robust Party governance mechanism where its Party committee assumes the "primary responsibility",the discipline inspection commission undertakes "supervisory responsibility", the Party organization secretary shoulders the main accountability,the discipline inspection commission secretary carries out specialized supervision, and other leading teams ful?ll dual responsibilities in their roles.Its Party committee conducted two special sessions on Party conduct, integrity, and anti-corruption work, one special investigation of the Compa-ny's political environment, and issued the "2024 Guiding Opinions on Party Conduct and Anti-Corruption Work". Additionally, the Company hasestablished a "comprehensive supervision" framework involving the collaboration of discipline inspection, auditing, ?nance, legal affairs, andfunctional oversight to maximize supervisory effectiveness at various levels and categories, thereby embedding a coordinated, ef?cient, andrigorous supervision mechanism into enterprise governance.
59activities3,688
participants
Picture: The Secretary of the Discipline Inspection Commission of Xiamen
Ocean Shipping Agency delivering a lecture to the new employees.Picture: Party members and cadres visiting andlearning at an integrity education base4142
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Legal construction
Case
Picture:The legal affairs leader is conducting
a legal education seminar
Strengthen political leadership and enhance regulatory systems and mechanisms
Strengthen implementations and optimize the control system
Stay continually alert in our mindset to ensure an atmosphereof integrity and righteousness
Maintain a stance of high pressure and strengthen regular supervision
Case
reviewed
the "Integrity CultureEducation Month" event
issued integritycerti?cations for
Fair competition
Protection of shareholders' rights
Protection of creditor's rights
Transparent information disclosure
Strengthen education on integrity and enhance employees' awareness of self-discipline, consciously maintain-ing a good social competition order.
Uphold the principle of legal operations by strictly following the "Law of the People's Republic of China forCountering Unfair Competition" and related regulations, and avoiding all forms of unfair competition;Commit to integrity in business practices by improving service quality and standards, building a strong brandimage, and enhancing customer trust and loyalty;
Implement robust mechanisms to protect trade secrets, including signing con?dentiality agreements withemployees and business partners to jointly safeguard con?dential information;Establish investment and procurement regulations to ensure independence and fairness in externalinvestments and service procurement, and ?rmly oppose any form of unfair competition.
In strict accordance with the information disclosure regulations outlined in the "Company Law of thePeoples Republic of China Company Law", "Securities Law of the Peoples Republic of China" andother relevant legal and departmental guidelineslaws and regulations and relevant provisions oninformation disclosure, Xiamen Port has established the "Company Information Disclosure Manage-ment System" and the "Company Investor Relations Management System". Dedicated to enhancingthe quality of information disclosure, the Company meticulously prepares and releases periodicreports and various interim announcements. This ensures that all disclosed information is truthful,accurate, complete, timely, and fair, allowing investors to stay informed about signi?cant develop-ments in the Company's day-to-day operations. In 2024, the Company was awarded the highestrating of A in the 2023-2024 Information Disclosure Work Evaluation by the SZSE.
Protection of investors' rights
4items
21times93items
The company has established strict systems for ?nancial management, ?nancial reporting, andinformation disclosure management to ensure that the ?nancial information disclosed is true,accurate, and complete. In 2024, the Company released four regular ?nancial reports.
Information disclosure serves as a crucial channel for investors and the public to obtain informationabout listed companies, and for companies and investors to achieve positive interactions. The Compa-ny has set up a multi-tiered review system, involving drafting by functional departments, review by thesecurities representative, and examination by the board secretary, as well as a joint review mechanismfor signi?cant announcements. The Company strictly adheres to policies such as the "CompanyInformation Disclosure Management System" and the "Company Investor Relations ManagementSystem", ensuring that con?dential informants are managed appropriately and all information isdisclosed in a truthful, accurate, complete, timely, and fair manner.In 2024, the Company issued 21 temporary announcements and 93 disclosure documents.
Xiamen Port convenes and holds shareholder meetings in strict accordance with the "Company Articles of Association" and the "Rules of the ShareholdersMeeting". It implements voting mechanisms such as separate and cumulative voting and provides online voting options for minority investors. This ensuresthat all shareholders are fully respected in their rights to information, participation, voting, and oversight concerning major company matters, effectivelysafeguarding the interests of all shareholders, particularly minority shareholders.When voting on proposals during the shareholders meeting, lawyers, shareholder representatives, and supervisor representatives collaborate to ensureaccurate vote counting and supervision. Meanwhile, lawyers issue legal opinions evaluating the compliance of meeting procedures with laws, administra-tive regulations, and the "Articles of Association". They also verify the legitimacy and validity of the voting procedures and meeting results. These legalevaluations are disclosed alongside the resolutions of the shareholders' meeting. These legal opinions are disclosed together with the resolutions of theshareholders meeting.
By adhering to relevant laws and regulations, Xiamen Port is committed to fully safeguard the legitimaterights of creditors. It strictly follows credit cooperation business rules and ensures timely repayment ofloans and tax payments. In 2024, the Company maintained a clean credit record, with no incidents ofdebt default. Owing to its strong creditworthiness and reliable ?nancial status, the Company received anAA+ issuer credit rating for three consecutive years from 2022 to 2024.
Xiamen Port is committed to creating a fair, transparent, and orderly business environment, ensuring that all stakeholders can participate in competitionon an equal basis. The company strictly adheres to national laws and regulations such as the "Law of the People's Republic of China for Countering UnfairCompetition", the "Anti-Monopoly Law of the People's Republic of China", and the "Regulations on Fair Competition Review". It upholds the principles offair competition and opposes any form of unfair competitive behavior. In 2024, the Company did not face any lawsuits or signi?cant administrativepenalties related to unfair competition.The company ensures all business activities are conducted within a legal framework. The Company diligently safeguards its legal rights and maintainsmarket order through strict adherence to laws and regulations, standardization of market behavior, protection of trade secrets, regulation of investmentand procurement, and comprehensive education and training initiatives.
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Anti-Unfair competition initiativesCompliance with laws and regulations
Protection of trade secret
Education and training
Market conduct standards
Investment and procurement guidelines
Financial information disclosure
Non-?nancial information disclosure
the highest rating inthe 2023-2024InformationDisclosure WorkEvaluation by the SZSE
regular ?nancial reports
Issued temporaryannouncementsannouncement documents
issuer credit rating for threeconsecutive yearsfrom 2022 to 2024
4546
Marching forward with greatpassions and strongly upliftingemployees' dreams
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Improving employee well-beingSafeguarding employee health and safetySafeguard employees developmentLighting up employees' lives
4,647
1.33
0.32
3,70079.62%
94720.38%
1,52832.88%
1,41530.45%1,70436.67%
Improving employee well-being
Employees
3,44674.16%
1533.29%3958.50%
1042.24%
54911.81%
1262.71%
1,11323.95%
1,08323.31%
2,32550.03%
In the year 2024, the Company recorded 173 voluntary resigna-tions, which is
3.72% of the total employees. Labor dispute
cases are handled according to national laws and standards. In2024, there were3 new dispute cases.
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Xiamen Port has a total ofemployees
The proportionof minorityemployees
Minority employees
% of total employeesEmployees with disabilitiesThe proportion ofemployees with
disabilities% of total employees
Male employeesof total employees
Female employeesof total employees
Employees under
the age of 35
of total employeesEmployees betweenthe age of 35 and 45
Employees over
the age of 45
of total employees
of total employees
Production staff
Sales personnelTechnical staff
of total employees
Financial personnelof total employees
Administrative staffof total employeesof total employeesof total employees
Employees with a masterdegree and above
Employees witha bachelor degree
of total employees
of total employeesEmployees with a highSchool diploma or below
Employees with anAssociate degree
of total employees
of total employees
188talents61
1252
In October 2024, the Company went to ShanghaiMaritime University for a campus recruitment event.They provided graduating students with an overviewof the Company, its core business areas andcorporate culture. They also conducted face-to-faceinteractions and on-site interviews with interestedgraduates, offering them job positions to infuse newenergy into the Company's growth.
Xiamen Port strictly complies with national laws and regulations, such as the"Labor Law of the People's Republic of China"and the "SocialInsurance Law of the People's Republic of China", as well as local legal requirements where it operates. The Company has developedtailored compensation management systems for different personnel levels, including senior management, enterprise leaders, middlemanagers, and employees.
The Company is striving to establish a competitive, incentive-based, position-centered, andperformance-based compensation distribution system. Compensation is linked to the Company's overallperformance, allowing employees to share in the success of the Company's growth, and embodying theprinciple of rewarding employees in proportion to their contributions.
The Company implements a humane working hours system, prohibiting forced labor and granting employeesstatutory holidays and considerate leave bene?ts. It also strictly adheres to national regulations concerningvarious types of leave and establishes relevant policies to safeguard employees' attendance and vacationrights. Currently, the Company has 3,052 employees with ?xed working hours, and 1,595 employees with no?xed working hours (including piece-rate workers).The Company covers all statutory social insurances and bene?ts for its employees, including basic pensioninsurance, basic medical insurance, unemployment insurance, work injury insurance, maternity insurance, andthe housing provident fund, with a 100% coverage rate. The housing provident fund also achieves a 100%contribution rate. Furthermore, we offer additional bene?ts such as enterprise annuities and supplementarymedical insurance.
Xiamen Port has established labor unions in line with the "Trade Union Law of the People's Republic of China" and the "Constitution of theChinese Trade Union", comprising 27 union organizations across its subsidiaries. They are legally funded to protect employees' legitimate rightsand to facilitate the democratic management of employees.The Company is committed to respecting employees' democratic rights and legal interests, highlighting the importance of their roles in democrat-ic management, participation, and supervision. An extensive framework has been established and continuously re?ned, including unionorganizations and a democratic management system centered around the employee representative assembly. This ensures employees' rightsto information, participation, expression, and supervision.In 2024, a total of 27 employee representative assemblies were held to enhance the development of union leaders, monitor the enforcement ofcollective agreements within subsidiaries, and advance democratic management within the Company.The Company has established various channels for communication and contact with employees, upholding democratic processes. Throughemployee representative meetings and online interactions, it engages in multi-level communication and dialogue, encouraging employees toparticipate in the management of production and operations.
Xiamen Port continuously enhances the development of its women's committee, with 17 unions having set up women's committees.Female employees are encouraged to strive for excellence in frontline work. These efforts ensure labor protection for grassrootsfemale employees and actively guide them to be committed and dedicated in their roles, thereby fully leveraging the crucial contribu-tions of women as "half the sky".
4950
Equal employment
Employee compensation and bene?ts
Democratic management of employees
In strict accordance with the "Labor Law of the People's Republic of China", "Law of the People'sRepublic of China on Labor Contracts", "Law of the People's Republic of China on the Protection ofMinors", and other applicable laws and regulations, Xiamen Port upholds the principles of "openness,fairness, justice", "mutual selection and merit-based hiring", and "equal employment opportunities",free from discrimination based on nationality, race, religion, gender, or age. It resolutely opposes theemployment of child labor and any form of forced labor, striving to create a lawful, compliant, fair,and supportive workplace that fosters mutual assistance and camaraderie. The Company continuallyenhances employees' sense of human rights protection, well-being, and security.The Company mainly adopts campus and social recruitment, utilizing multiple channels to publish jobannouncements and conduct recruitment interviews and evaluations. Candidates are selected basedon their performance, enabling the Company to bring in diverse and professional talent to meet thestaf?ng needs of various business departments and subsidiaries. In 2024, the Company recruited atotal of 188 talents, including 61 fresh graduates, 125 individuals from the general society, and 2through internal recruitment and transfers.In addition, it maintained a 100% labor contract signing rate and is committed to protect employeerights.
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
CaseCampus recruitment event
Picture: On-site interview
Compensation
distribution
Working hour
system
Employeebene?ts
Union building
Rights of female employees
Recruited atotal of
Freshgraduates
Individuals fromthe general society
Internal recruitmentand transfers
3426
,483workdays
67%
The Company has established a Safety and Environmental Protection Department, responsible for the daily management and supervision of itsproduction safety. Each subsidiary develops its own safety management protocols and establishes dedicated departments and specializedpersonnel and management based on their unique characteristics. The Company has developed a "Mechanical and Electrical EquipmentManagement System", according to which the Safety and Environment Protection Department shall conduct annual inspections of facilities andequipment, handling their retirement declaration, evaluation, and disposal. This process ensures the timely removal of equipment that isuneconomical, unsafe, or environmentally unfriendly. Additionally, the Company strictly adheres to the equipment maintenance schedule andconducts routine monitoring of equipment conditions. Each subsidiary establishes maintenance protocols including routine, periodic, and specialmaintenance that align with their operational requirements. Maintenance is performed according to established procedures, preventing theoperation of faulty equipment and ensuring safe production.
The Company and its subsidiaries have established a comprehensive system for reporting, investigating, andhandling production safety incidents. We adhere to the "Four Principles" , ensuring thorough cause analysis,investigation, handling, educational warnings, and accountability. Additionally, we have formulated the "SafetyProduction and Environmental Protection Target Responsibility Agreement" and the "Reward and PenaltyAssessment Implementation Measures" to evaluate and manage safety-related incentives and penalties forresponsible individuals within accountable units. A closed-loop mechanism was established for accidentnoti?cation, alerting, supervision, and recti?cation. The Company provides group accident insurance for allemployees, achieving 100% coverage to protect against potential accidental injuries. In 2024, the Companyreported no fatal workplace accidents, and a total of 1,483 workdays were lost due to work-related injuriesthroughout the year. Over the past three years, the Company maintained a record of zero death due toworkplace incidents, resulting in a work-related fatality rate of 0%.
The Company and its subsidiaries have established sound safety production contingency plan, overseeing each subsidiary in developing andregularly updating their own plans. In accordance with these plans, all subsidiaries conduct regular emergency exercises, ensuring they havenecessary emergency supplies and equipment, and continuously improves their procedures. The company also has established mechanisms forreporting sudden incidents and for monitoring and disclosing information on public opinion during emergencies. Each subsidiary has a dual-con-trol system in place for managing and controlling graded safety risks and for identifying and addressing hidden hazards, with regularassessments and updates.
The mortality rate for production safety accidents shall be zero. The number of accidents causing directeconomic losses exceeding RMB 1 million shall be zero.
System construction
The Company has established a Safety Production Management Committee, along with a dedicated safety management departmentstaffed by specialized personnel. Collectively, it is subsidiaries have invested RMB 31.44 million in safety production expenses. In 2024,the total number of accidents within the Company's jurisdiction decreased by 67% compared to 2023, achieving signi?cant reductionsin both the number and severity of incidents. The Company has 34 employees certi?ed as Registered Safety Engineers; 26 subsidiarieshave achieved safety production standardization certi?cation, of which 4 are certi?ed at level 1, 15 at level 2, and 7 at level 3. Additional-ly, it signed 13 "Safety Production and Environmental Protection Task Objective Management Responsibility Agreements" with itsprimary subsidiaries. All subsidiaries strictly adhere to the "All-Employee Safety Production Responsibility System".
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Xiamen Port strictly complies with the "Safety Production Management System", "Emergency Safety ProductionPlan", and the "Implementation Measures for Safety Production and Environmental Protection Rewards andPenalties". Additionally, it formulated the "Three-Year Action Plan for Tackling the Root Causes of Safety Production(2024-2026)" based on actual conditions. The Company oversees each subsidiary in drafting their own plans andtask lists according to their unique characteristics, systematically conducting the three-year action initiative tocontinually improve safety management levels. No production safety accidents classi?ed as general or moresevere (i.e., those with direct losses exceeding RMB 300,000) were recorded throughout the year 2024.
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Employee safety management
Ensuring production safety
Accountability for safety incidents
Safeguarding employee health and safetyEstablishing sound contingency plan
Safety objectives and achievementsControl indicators of safety production
The mortality rate for ?re accidents shall be zero. The number of ?re accidents causing direct economiclosses over RMB 1 million shall be zero. The recti?cation rate for enterprises with "three-in-one" issuesand the rate of rectifying ?re hazards shall be both 100%.Fire safety indicators
Road traf?c accidents resulting in fatalities, for which equal or greater responsibility is assigned,shall be zero.Road traf?c accident indicators (including roads within port area)
Signing (issuance) rate of Safety Production Target Management Responsibility Letters shall be 100%;The execution rate for annual evaluations and the associated rewards and penalties shall be 100%; Rateof safety work information ?ling shall be 100%; Accident recti?cation rate shall be 100%.Safety management indicators
"Three-level education" and "Four new" training, resumption training, and job transfer training rate shallbe 100%; Ensure 100% certi?cation compliance for special operations personnel.Safety education and training indicators
Maintain a comprehensive occupational health management system with a zero occurrence rate ofoccupational diseases.Occupational health and disease prevention
production safetyaccidents classi?edas general ormore severe
InvestedRMB 31.44 millionin safety productionexpenses
The total number of accidentswithin the Company's jurisdiction
decreased
Employees certi?ed asRegistered SafetyEngineers
Subsidiaries have achieved safetyproduction standardizationcerti?cation
Loss of work dueto safety accident
Shihushan Terminal distributes warm safety tips to incoming drivers
Organize 2024 "Ankang Cup" knowledge contest themed on"Enhancing Learning Through Competition for United Safety"
In December 2024, the Compa-ny's labor union, in collabora-tion with Shihushan Terminal'slabor union, held the 2024"Ankang Cup" knowledgecontest. A total of 10 represen-tative teams from Xiamen PortShipping, Shihushan Terminal,and Huajin Terminal participat-ed in this contest. Throughknowledge contest, theinitiative aims to strengthencorporate safety culture byfostering an atmosphere where"everyone is conscious ofsafety and adept at emergencyresponse".
Shihushan Terminal irregularly distributes warm tips of traf?c safety to incoming drivers, clearly outlining the terminal's speci?cregulatory requirements to help drivers learn about traf?c management rules, enhance their safety awareness, and reduce thechances of violations. Additionally, the tips include contact information for reporting supervision issues and emergencies, encouragingdrivers to engage in on-site supervision and management.
The Logistics IoT Center enhances ?re safety for the CompanyXiamen Port Logistics has established a Fire IoT Center, havingsigni?cantly improved the Company's ?re safety by integrating?re equipment and facilities and connecting crucial safetyinformation. This initiative creates a highly sensitive ?re safetyinfrastructure that allows for real-time, dynamic, and interactivecollection, transmission, and processing of ?re safety data. As aresult, the Center signi?cantly enhances the command,dispatch, decision-making, and handling capabilities during ?reextinguishing and rescue operations.
Picture：Xiamen Port Logistics' Fire IoT Center
The development of an integrated safety and ?re platform by Xiamen Ocean Shipping AgencyXiamen Ocean Shipping Agency has developed an integrated safety and ?re platform, which serves as a comprehensive applica-tion system. This system includes an emergency command center, front-end sensing devices, user information transmissiondevices, communication networks, and platform management software. By leveraging technologies like the Internet of Things,geographic information systems, video surveillance, and sensors, the platform provides real-time monitoring and alerts on thestatus of ?re?ghting facilities across networked units. It aims to establish a uni?ed "one network" for safety management and a"one map" approach for resource sharing.
Picture: Shihushan Terminal distributing warm safety tips
Upholding a culture of saftey-?rst, Xiamen Port has actively organized a series of distinctive safety activities. Leveraging platforms such asSafety Production Month, Disaster Prevention and Mitigation Day, and Fire Safety Awareness Month, the Company deeply integrates safetyculture development.
During Safety Production Month, under the theme "Everyone Speaks Safety, Everyone Masters Emergency Response - Keeping Lifelines Open",a diverse array of engaging safety culture activities are conducted. Collectively, its subsidiaries have hung 137 promotional banners, printed anddistributed 4,587 safety brochures, and posted 1,177 safety posters. They have also overseen the revision of 81 regulations. In 2024, we carriedout a total of 1,670 safety training sessions, which were attended by approximately 28,745 participants.
The Company conducted a range of comprehensive emergencyresponse exercises, including those for occupational health, specialequipment accidents, as well as scenarios involving con?nedspaces, falls from heights, electrical shocks, power outages, naturaldisasters, ?res, hazardous chemical leaks, oil spill prevention, andanti-terrorism measures. During the reporting period, the Companyorganized a total of 225 emergency exercises with approximately4,453 participants. Additionally, 25 emergency plans were revised.These efforts have tested and improved the company's emergencyresponse capability.
2254,45325
Safety culture
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Case
Case
Case
Safety education
1374,5871,177811,67028,745
Emergency exercise
Picture: 2024 "Ankang Cup" knowledge contestCase
Hungpromotionalbanners
Printed anddistributedsafetybrochures
Postedsafetyposters
Overseen therevision ofregulations
Carriedout a total of
safety training
sessions
Safetytraining participants
Organized
Attendedemergency plan drills
Revisedemergencyexercises
participants
emergencyplans
Training on the wearing and use of fall arrest kit by Hailong Terminal
Potential risks identi?cation
Occupational health
59511,2371,391
%
In accordance with the relevant guidelines from higher authorities and the three-year action plan for addressing fundamental challenges insafety production, Xiamen Port has actively advanced the special recti?cation actions for major accident hazards by clarifying objectives,enhancing safeguards, and establishing a company expert team to supervise subsidiaries in ful?lling their responsibilities. We also haveconducted quarterly and annual safety assessments and unannounced inspections of our subsidiaries. After a thorough investigation, no majorhazards were found within the Company and its subsidiaries for the year 2024.The Company leaders and those of its subsidiaries lead the effort in identifying major accident hazards. Leaders in general industries conductsafety inspections quarterly, while those in hazardous goods industries do so monthly. This ensures that all subsidiaries are actively researchingand implementing measures to address and rectify signi?cant accident hazards.In 2024, the Company decides its annual priorities by focusing on key enterprises and key regional safety risks. In accordance with the safetyrequirements of various supervisory bodies, the Company organized 59 safety inspections of its subsidiaries and offered 51 recommendations,all of which were addressed through corrective actions or improvements. Additionally, it continuously monitors its subsidiaries to ensureeffective hazard identi?cation and control, and enhance safety measures. All subsidiaries have also diligently ful?lled their primary responsibili-ties, collectively conducting around 1,237 safety inspections, and identifying and rectifying 1,391 potential hazards, with a 100% recti?cation ratefor identi?ed hazards.
Through identifying risks, the Company places risk warning signs in prominent locations in the workplace,illustrating on-site emergency handling methods. It also establishes occupational health bulletin boards toshare regulations on occupational disease prevention, standard operating procedures, emergencymeasures for workplace hazards, and test results of hazard factors.
Xiamen Port emphasizes employee career planning by addressing diverse development needs and utilizing various training methods to provide a wideplatform for career growth.At its headquarter, job positions are categorized into seven levels across management and technical tracks. The Company sets clear regulations fordetermining these levels, evaluating employee quali?cations, assessing performance, and adjusting job levels. Employee performance is evaluatedcomprehensively on a monthly and annual basis. Those who achieve excellent results are eligible for promotions, advancements, or exceptional elevation.
Hailong Terminal conducted specialized trainingon how to properly wear and use the fall arrest kit.Through a combination of on-site explanationsand hands-on experience, the training aims tohelp on-site managers and frontline workersmaster the use of fall arresters.
Safeguard employees development
Employees development
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Picture: The Safety and Environmental Department atHailong Terminal demonstrating the use of the fall arrest kit
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According to the actual situation, some subsidiaries provide simple ?tness facilities and spaces foractivities like basketball and badminton, offering employees opportunities for physical exercise.Enhancement ofhealth facilities
The Company establishes relevant management systems in accordance with the national "Work InjuryInsurance Regulations" and related laws, and taking into account the actual circumstances. Additionally,it pays work injury insurance premiums for employees on time. In the event of a work injury, relevantdepartments from the Company and its subsidiaries shall immediately go to the site to manage thesituation and conduct an accident investigation. If necessary, the employee shall be promptly transportedto an appropriate hospital for medical treatment. Meanwhile, the Company assists employees in applyingfor work injury recognition and bene?ts, and conducts regular support and visits with subsidiary unions.The subsequent process involves determining the cause of the accident and assessing the injuries,clarifying the nature and responsibility of the incident, developing improvement measures, and supervis-ing their implementation.
Management ofindustrial injuries
The Company offers occupational health examinations for employees exposed to occupational hazardsand maintains comprehensive occupational health monitoring records for them. It also providesprotection gear to employees as per regulations, re?ne distribution and disposal standards, and guideemployees on the proper use of protective equipment and personal safety gear. Some subsidiariesarrange regular occupational health checkups every year for workplaces and positions involving occupa-tional hazards to ensure that employees' health is not affected by occupational hazards.Regular healthcheckups
Some subsidiaries held health seminars and conducted comprehensive training on occupational healthprotection tailored to their needs, continuously boosting employees' health awareness. Additionally, theCompany and its subsidiary unions organized to offer condolences to frontline employees.Strengtheningawareness ofprotection
Xiamen Port places a high priority on the occupational health protection of its employees and continually re?nes its occupational healthmanagement system. It engages third-party experts to assess and certify workplace environments for occupational disease risks, andconsistently works on standardizing and enhancing labor protection by establishing a dual-control system for risk classi?cation managementand hazard identi?cation and removal. To raise safety awareness among employees, the Company has organized various activities, includingspecialized activities, lectures, training sessions, practical exercises, equipment use practice, and the procurement of labor protection supplies.Additionally, it conducts occupational disease health checks, implements protective measures, and performs specialized inspections focused onlabor protection and occupational health supervision. These efforts are signi?cantly conducive to the control of occupational health hazards,ensuring the safety, health, and legal rights of all employees.
OrganizedOfferedConducting
Identifying andrectifyingsafety inspectionsof its subsidiaries
recommendationssafety inspectionspotential hazards
Recti?cation rate foridenti?ed hazards
Xiamen Port Trading organized a specialized training on"industrial silicon futures basis trading"
Xiamen Port Shipping strived to weave a high-quality constructionnetwork through continuous training
Employee training
The Company is committed to addressing the evolving needs of its employees at various stages of their careers by designing and re?ning careerdevelopment paths and employing diverse training methods, thus establishing a broad platform for their growth. It aims to build a talentpipeline aligned with the Company's strategic goals, ensuring the sustainable development of talent.
Xiamen Port prioritizes the enhancement of its workforce quality by establishing a robust training system. This effort aims to create alearning-oriented organization, encouraging employees to realize their personal value in their respective roles.
Employee care and support
The Company is committed to a people-centered approach, placing the holistic development and welfare of employees at the heart of itscorporate strategy. Through the development of a comprehensive employee care system, the Company prioritizes not only the physical healthand working conditions of its staff but also actively promotes work-life balance and strengthens their connection to the corporate culture.
3,990
3,680
2,24988,44415.854,45719.84
The Company integrates innovative learning and skills develop-ment into its long-term strategy. Annual training plans andimplementation schemes are developed in accordance withthe its growth strategy and yearly operational goals. Theseplans are tailored to the speci?c nature of each position,associated responsibilities, and the diverse capabilities andindividual needs of the employees.
The Company conducts various training programs, includingonboarding for new employees, professional development forin-service staff, operational skills for front-line employees, andmanagement enhancement training.
Nurturing new talent and building a youth task force. In2024, Xiamen Port Shipping established a Youth TaskForce, and nearly 500 people have been trained.Through initiatives such as Youth Study Programs andShip Standardization Projects, we will continuouslyconduct hands-on training and technical workshops tostrengthen the foundation of our young workforce.
In response to market demand, Xiamen Port Tradingorganized a specialized training on "industrial silicon futuresbasis trading". The training covered the use of strategies likebasis arbitrage and basis hedging, equipping practitionerswith the skills to adapt their strategies ?exibly across differentmarket conditions to mitigate risks, and providing the Compa-ny with more diversi?ed risk management tools to support itsstable growth.
Empowering core strengths and driving growththrough training. In April 2024, Xiamen Port Shippinglaunched its ?rst management training program of theyear for mid-level and junior employees. This programwill include group discussions, role-playing scenarios,and case study analyses, guiding participants tointegrate their personal goals with the company'sstrategic vision. By fostering a culture of heritage andgrowth, the company commits to relentless efforts inachieving high-quality development.
Lighting up employees' lives
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Training planningTraining content
In 2024
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Picture: Xiamen Port Shipping's Youth Task ForcePicture: Training by Xiamen Port Shipping
Picture: The specialized training by Xiamen Port Trading
Spent
SeniormanagersMiddlemanagersFrontlineemployees
Maleemployees
Femaleemployees
RMB 1.8835 millionon employee
education
Accounting for
1.48%
of the totalnumber of traineesAccounting for
9.00%
of the totalnumber of traineesAccounting for
89.52%
of the totalnumber of traineesAccounting for
82.57%
of the totalnumber of traineesAccounting for
17.43%
of the totalnumber of trainees
OrganizedThe total training
duration reached
Year-on-year
increase
Employeesparticipated
Training perpersontraining sessions
hourshours
Festival careHuajin Terminal provides bene?ts to all employees during holidays and festivals, fostering a closer connection between the companyand its staff. This approach enhances employees' sense of belonging and effectively aligns their well-being with the company'sgrowth.
Organizing the "Releasing Childhood Spirits and Engaging in Joyful
Summer Learning" parent-child educational programThe Company has organized a parent-child educational program themed "Releasing Childhood Spirits and Engaging in Joyful SummerLearning". This innovative initiative offered employees a platform to enhance parent-child communication, experience and embracenature, allowing employees and their families to enjoy quality family time and feel the Company's warmth while experiencing thewonders of technological innovation and nature.
Implementing the "Summer Refreshment" high-temperature relief activity
To effectively implement heat prevention measures and ensure employees' health and production safety, the Company consistentlycarried out "Summer Refreshment" high-temperature relief activity to genuinely care for front-line employees, delivering care to atotal of 2,861 employees working in high-temperature conditions and 491 stationed abroad.
Xiamen Port is dedicated to enhancing the quality of life for its employees by providing more stable employment, satisfying income,reliable social security, ample life bene?ts, and a richer cultural and spiritual life.The Company strives to foster a caring and passionate organizational environment. Through sports, cultural activities, and volunteerservices, it enhances communication among employees, strengthens company cohesion, and promotes mutual growth betweenemployees and the Company. This effort aims to signi?cantly increase employees' sense of achievement, happiness, and security.
In November 2024, Xiamen Port's labor union organized the "Container Cup" sports, featuring the participation of 11 local and 3 non-localsubsidiaries. The event included individual competitions such as sprinting, pull-ups, and sit-ups. Team events featured relays, ?ve-a-sidefootball shooting, and group jump rope. There were also fun activities like the "Hot Wheels" and "Drum Marbles".
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Picture: "Summer Refreshment" high-temperature relief activity
Picture: The "Releasing Childhood Spirits and Engaging in Joyful Summer Learning" parent-child
Picture: Employees at Huajin Terminal receiving festival gifts
Picture: The calligraphy creation activity themed "Welcome the Spring Festival Amidst the Charm of Calligraphy"
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Cultural and sports activities
Organizing the calligraphy creation activity themed "Welcomethe Spring Festival Amidst the Charm of Calligraphy"
Promoting collective growth amidst fun activities
The Company's unions organized the calligraphy creation activity themed "Welcome the Spring Festival Amidst the Charm of Calligra-phy" to celebrate the Spring Festival in a traditional manner. The couplets and "Fu" characters, imbued with wishes for bidding farewellto the old year and ushering in the new, enhance the festive atmosphere with abundant joy.
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Leading growth throughinnovation and excelling inservices for a brighter future
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Driving the innovation engineRe?ned service quality and ef?ciencyEnhancing supply chain management
Shihushan Terminal’s two provincial-level technology projects passed acceptance
Unveiling ceremony of the "Deng Kaihui Captain Innovation Studio" held by Xiamen Port Shipping
Construction of the Liu Yuanhe Employee Technical Innovation Studio at Hailong Terminal
Xiamen Ocean Shipping Tally was recognized as a "TechnologicallyAdvanced Service Enterprise"
In December 2024, Xiamen Ocean Shipping Tallyhas successfully passed the joint evaluation byXiamen Municipal Science and Technology Bureau,Xiamen Municipal Finance Bureau, State Adminis-tration of Taxation, Xiamen Municipal TaxationBureau, Xiamen Municipal Commerce Bureau,Xiamen Municipal Development and ReformCommission, and has been recognized as a"Technologically Advanced Service Enterprise" inXiamen.
With a focus on key areas, Xiamen Port has established a comprehensive innovation platform that is multi-layered and multifaceted, fosteringboth internal and external collaboration while promoting openness and shared resources. The Company is dedicated to driving the transforma-tion of innovative achievements through collaboration with a variety of universities and research institutions.
The "Liu Yuanhe Employee Technical Innovation Studio" at HailongTerminal is committed to tackling technical challenges and drivinginnovation in cost reduction, energy conservation, emissionsreduction, technological upgrades, technological advancements, andsafety production. In August 2024, the maintenance team led by LiuYuanhe was awarded the title of "May 1 Pioneer" by the XiamenMunicipality.In terms of competitions, in August, we participated in the 2024 MainIndustry Vocational Skills (Shiyan) League for China Technical Associa-tion Cities and the Skilled Workers and Craftsmen Conference, earninga team third prize and an individual excellence award.The Company has also made remarkable achievements in terms oftechnical improvements, such as the modi?cation of eight grain grabbuckets at Hailong Terminal to prevent spillage, the upgrade of thegantry crane lighting system, and the electrical overhaul of a C-2503forklift. Additionally, it has also made some process improvements,such as the design and production of extended sleeves for 25T forklifttines, storage racks for gantry crane hooks, and calibration weightsfor loaders.
On November 29, Xiamen Port Shipping established the "CaptainDeng Kaihui Innovation Studio". Through the establishment ofthis innovation studio, the initiative aims to inspire employeeswith a spirit of craftsmanship, fostering collective wisdom andencouraging bold innovation, acting as a powerful catalyst forthe Company and shipping industry's high-quality developmentand innovative advancement.
Driven by innovation, reform breakthroughs, and digital transformation, Xiamen Port is committed to developing new quality productivity tosupport the creation of a modern port with "?rst-class facilities, technology, management, and services".
In 2024, Shihushan Terminal successfully led the completion of two technological projects: "The Fully Hydraulic Intelligent Spiral SiloCleaning Machine and Key Technologies for Port Granaries" and "Automation Upgrade of Bulk Cargo Port Cranes". Both projectspassed the expert evaluation and acceptance by the Fujian Provincial Department of Transportation. This achievement highlights thecompany’s strides in technological innovation and underscores its enhanced capabilities in technology application.6364
Driving the innovation engine
Innovation system
R&D platform
Technological innovation achievements
In accordance with national and industry standards, Xiamen Port actively engages in innovation and research and development (R&D) efforts. The Compa-ny is committed to promoting technological innovation and energy-ef?cient upgrades in its equipment and information management systems. It alsoemphasizes the adoption of new technologies, processes, and materials to accelerate the transformation of scienti?c achievements.With a focus on standardized management, the Company has established an effective R&D and innovation management framework that ensures thestability and growth of its talent pool. This framework guides researchers in implementing technological innovations and facilitates the swift, logical, andsystematic implementation of R&D projects.
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Picture: Gantry crane operationalcompetition by Hailong Terminal
Picture: Unveiling of the "Deng Kaihui Innovation Studio"
Remarkable achivements through minor technological upgradesShihushan Terminal conducted a thorough evaluation and retro?tted an excavator with an auxiliary tank. Thissuccessfully expanded the diesel capacity by 300 liters, demonstrating a major gain in cost-effectiveness andef?ciency from a "minor technical upgrade". After the successful installation of the auxiliary tank, the excavator'soperational endurance hold is extended by 25 hours. This not only saves the cost of employing two auxiliaryrefueling workers but also reduces costs and improves ef?ciency in frontline production, while enhancingoperational safety.
Xiamen OST Health Quarantine was approved for a research projectby the General Administration of Customs
In November 2024, the collaborative research projectbetween Xiamen OST Health Quarantine and QuanzhouCustoms, titled "Innovative Rapid Pest Control Technology forSealed Container Environments at Ports" (2024 - 2025), wasapproved as part of the General Administration of Customs'2024 research initiatives. The project is currently in the phaseof validating pest control equipment, with the assembly andtesting of key components completed. Progress has also beenmade in the screening and preliminary testing of pesticides,the successful development of a compound insecticidecapable of effectively eliminating mosquitoes, ?ies,cockroaches, and grain beetles. Initial ef?cacy tests showpromising results.
Research and Demonstration Project on Key Technologies for CoastalGreen Intelligent Tugs by Xiamen Port Shipping
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25hours
0.090tons of
standard coal
2,505voyage112.14tons 210.42tons of
standard coal
701.4tons
47%0.30tons70%
Xiamen Port Shipping has applied for the Fujian Provincial Department of Transportation's Science and Technology Development Plan with aproject on the key technologies and demonstration research of a new generation of coastal green intelligent tugs. Since the "Xiamen Port Tug30" was of?cially put into production, the company has formulated and issued the "Interim Measures for Incentives and Penalties for EnergySaving and Charging Operations of Electric Vessels", leveraging the vessel's energy-saving, low-carbon, and zero-emission attributes whenoperating on a pure electric mode. Multiple strategies have been implemented to strengthen the safety management of new energy-poweredvessels, ensuring the "Xiamen Port Tug 30" operates safely and ef?ciently. According to calculations, the energy consumption per voyagedecreased by approximately 0.090 tons of standard coal equivalent compared to conventional tugs, with comprehensive energy consumptionreduced by about 47%. The carbon emissions per voyage were cut by 0.30 tons, and the per voyage carbon reduction rate reached 70%. In 2024,"Xiamen Port Tug 30" conducted a total of 2,505 operations, consuming 112.14 tons of fuel. This resulted in energy savings equivalent to 210.42tons of standard coal and a reduction of 701.4 tons in carbon emissions, demonstrating signi?cant energy-saving and emission-reducing effects.
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Intellectual property protectionIn strict compliance with relevant laws and regulations such as the "Trademark Law of the People's Republic of China", "Patent Law of the People'sRepublic of China", and the "Civil Code of the People's Republic of China", Xiamen Port places a strong emphasis on intellectual property protection byeducating employees about trademark, copyright, and patent laws to enhance their awareness and compliance regarding intellectual property rights.The Company and its subsidiaries have engaged in specialized trainings on technology R&D subsidy policies and other related technical training initiatives,encouraging enterprises to actively leverage the bene?ts of technology innovation policies, stimulates R&D and innovation activities, and accelerates thepace of high-quality development. To meet business demands, Xiamen Port is actively promoting technological innovation. In 2024, the Company acquired15 new software copyrights, including the Container Transport Agreement Intelligent Management System V1.0, the Digital ERP Data Interaction Platformfor Xiamen Port Logistics Comprehensive Bonded Zone V1.0, and the Automobile Ship Tally System V1.0.The Company has established and implemented an information project management system, adopting a zero-tolerance policy for the use of piratedsoftware. In 2024, it procured a total of 796 legitimate licenses for operating systems, of?ce, and antivirus software, continually strengthening its achieve-ments in software legalization.
Re?ned service quality and ef?ciency
Quality management system
Xiamen Port consistently views the quality management system as the core to its development. It continually optimizes management processes andstrengthens the enforcement of standards, ensuring excellence in both service and operations. Relying on the quality management system, it is alsodedicated to continuous innovation and upgrades, providing driving force for sustainable growth. In the face of ?erce market competition, the Companyhas earned customer trust and built a strong reputation through high-quality service and management.
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Picture: Field test of the innovative rapidpest control technology for sealed containerenvironments by Xiamen OST Health Quarantine
Top coverageprotection areaof no less than 1/3
After modi?cationBattery box
Diesel auxiliary tank
Side coverageprotectionarea of no lessthan 1/2,equipped withmachine stepboards
Conventional tug
Standard tug
The energy consumptionper voyage decreasedby approximately
Total work Total fuel
consumption
Save energy Carbon emission
reduction
operationalendurancehold is extended by
Comprehensive energyconsumption reduced
The carbon emissionsper voyage reduced
The per voyagecarbon reduction rate
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The Container TransportAgreement IntelligentManagement System V1.0
The Digital ERP Data InteractionPlatform for Xiamen Port LogisticsComprehensive Bonded Zone V1.0
The Automobile ShipTally System V1.0
Xiamen Ocean Shipping Agency was awarded the national "5A-Level Logistics Enterprise" againIn August 2024, Xiamen Ocean Shipping Agency was awarded the national "5A-Level Logistics Enterprise" during the "38th Logistics EnterprisesAwarding and Supply Chain Innovation Development Conference". Xiamen Ocean Shipping Agency ?rst applied to be the "National 5A-LevelLogistics Enterprises" in 2017 and was promptly approved, becoming the ?rst comprehensive logistics enterprise in Haicang District to achievethis level of certi?cation. It has successfully retained this title after re-evaluations in 2021 and 2024.
Xiamen OST Health Quarantine was certi?ed as an "AusTreat Processing Service Provider"
Streamlining intra-area transfers to enhance customs clearance ef?ciencyIn November 2024, Xiamen OST Health Quarantine was of?ciallycerti?ed by the Australian Department of Agriculture, Fisheries andForestry as an "AusTreat Processing Service Provider", becomingone of the few entities nationwide with this quali?cation, whichmarks a signi?cant progress in import and export quarantinetreatment and pest control technology.
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Xiamen Port's subsidiary companies Xiamen Port Transport, Xiamen Ocean Shipping Tally, Xiamen Ocean Shipping Agency and Haihong Terminal havesuccessfully obtained ISO certi?cation in quality management, environmental management, occupational health and safety management and energymanagement systems.
ISO9001Quality ManagementSystem
ISO14001EnvironmentalManagement System
ISO45001Occupational Health andSafety Management System
ISO50001Energy ManagementSystemHaihong TerminalXiamen Ocean Shipping AgencyXiamen OST Health QuarantineXiamen Ocean Shipping TallyHailong TerminalXiamen Port TransportXiamen Port Shipping
In January, the Huajin Terminal at the Quanzhou Bay Port Area has of?cially passed state-level inspection for expanded foreign access. Theterminal features 880 meters of coastline and four berths capable of accommodating vessels of 5,000 tons, 15,000 tons, 20,000 tons (alsooccasionally 35,000 tons), and 35,000 tons. It boasts a hinterland of approximately 300,000 square meters, with shipping routes covering majordomestic ports and Southeast Asia, focusing on container and bulk operations.
In August, the ?rst phase of the North #1 and #2 Berth Project at the Gulei terminal in Xiamen Harbor was completed and successfully passed?nal inspection. This project was invested in and developed by Gulei Port. It is a key provincial project, having been selected by the Ministry ofTransport for inclusion in its Century-Long Safe and Quality Projects Demonstration List.
Adhering to a customer-oriented approach, Xiamen Port consistently embraces its responsibilities, fosters innovation, and continually develops newservice models to provide a superior customer service experience.
It is an ef?cient cross-border transfer supervision model, seamlessly integrating the General Administration of Customs' "Highway Cross-borderRapid Clearance" reform with Hong Kong Customs' "Facilitation Scheme for Intermodal Transshipment Cargo". In December 2024, leveragingenforcement assistance and information sharing, together with technologies like satellite positioning, internet, and direct-link checkpoints, XiamenBonded Logistics implemented a uni?ed secure smart lock and global positioning system devices. This has facilitated rapid customs clearance forcross-border goods between Hong Kong and mainland China, reducing redundant inspections for the same batch of goods in Xiamen andShenzhen, offering businesses a more convenient and ef?cient customs clearance service. In 2024, the value of goods cleared in this mode isabout RMB 8.5 million.
In August, over 6,500 bottles of Kinmen Kaoliang Liquor were processed through customs at the Xiangyu CBZ without leaving the warehouse orpassing through bonded zone checkpoints. This enabled a seamless transition from "bonded" to "non-bonded" status with just one click. Thisevent marks the of?cial launch of the province's ?rst "in-zone direct transfer" service for classi?ed goods. By replacing the physical movement ofgoods with data processing, the "in-zone direct transfer" signi?cantly reduces the time and costs associated with transitioning goods between"bonded" and "non-bonded" statuses, as well as bypassing the usual expenses related to checkpoint processing, loading, unloading, and externalstorage. This innovation enhances customs clearance and improves circulation ef?ciency, making it easier for businesses to connect with bothdomestic and international markets.
In November, the Guangzhou Futures Exchange released the "Announcement on Adjusting the Designated Delivery Warehouses for IndustrialSilicon Futures" (Guangzhou Futures Exchange [2024] No. 307). Xiamen Port Trading successfully obtained approval as a designated deliverywarehouse for industrial silicon futures, marking a signi?cant milestone for the company in the futures trading sector.
Service capability enhancement
Service innovation achievements
Jinshang operation area, Quanzhou Bay port area
Picture: Xiamen Ocean Shipping Agency wasawarded the "5A-Level Logistics Enterprise"
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Gulei operation area, Gulei Bay Port area in Xiamen Port
"Cross-border One Lock" customs clearance model
Futures Trading
Xiamen Ocean Shipping Tally received a banner for excellence in pest control
Xiamen Ocean Shipping Agency was awarded the title of "User-Satis?edShipping Agency" in the 21st "Golden Wheel Cup"
Re?ned service capabilities to ful?ll customer needs
Specialized training for precise targeting
Organized "Quality Month" activities
Customer satisfaction survey
100%
Xiamen Ocean Shipping Agencydistinguished itself at the secondInternational Port, Shipping, and Logistics& Multimodal Transport Expo (Shanghai)by winning the "User-Satis?ed ShippingAgency" title in the "21st 'Golden WheelCup' China Freight Service QualitySurvey".
In September 2024, due to excellence in a new pest control service for empty warehouses at Zhangzhou grain storage facilities, Xiamen OSTHealth Quarantine received a banner from the client. This successful operation strengthened the Company's reputation in the grain storagesanitation .
Quality cultureXiamen Port consistently views quality culture as the cornerstone of its development. The Company continuously enhances the quality awareness andprofessional skills of its entire workforce through a variety of multi-tiered training and exchange programs.Additionally, the Company hosts regular special seminars where industry experts are invited to discuss cutting-edge policies and industry planning, offeringstrategic insights to support informed decision-making. It also conducts tailored training sessions to meet business needs, combining theoreticalknowledge with practical application to improve employees' technical skills and operational expertise. This fosters a culture of total involvement andongoing enhancement in quality, establishing a solid foundation for the Company's high-quality growth.
Improving customer satisfactionXiamen Port is committed to the "customer ?rst" principle, viewing the improvement of service quality as essential to building theCompany's core competitiveness. It consistently focuses on enhancing customer satisfaction by offering comprehensive, personalized,ef?cient, and high-quality services from the customer's perspective, having earned industry recognition and customer praise.
In May 2024, Xiamen OSA shipping Development Co., LTD successfully provided food supplies for the research vessel "Xiang Yang Hong 03" atMale Island Port, Maldives. This marks the company's ?rst overseas science expedition vessel food supply service since 2020. As the onlystate-owned enterprise in Xiamen with accreditation from the International Ship Suppliers Association (ISSA), Xiamen OSA shipping Develop-ment Co., LTD, upon receiving a request from the Third Institute of Oceanography of the Ministry of Natural Resources, swiftly identi?ed andcollaborated with top local suppliers in the Maldives by virtue of ISSA platform so as to fully meet customer needs.
The Company and its subsidiary entities actively participated inthe 47th National "Quality Month" initiative, centering on thetheme of "Strengthening Quality Support and Building a QualityPowerhouse". Through diverse initiatives such as awarenesscampaigns and quality training, we have seamlessly integratedquality culture with speci?c quality efforts, continuouslyfostering an environment where all employees prioritize andengage in quality management.
On October 30, Xiamen Ocean Shipping Agency organized aspecialized training for cruise operations. The trainingemployed a "menu-style" course selection approach fortargeted learning, aligning with business needs by focusing onspeci?c business modules., helping participants gain a compre-hensive and clear understanding of cruise service operations.The training laid a solid foundation for the successful handlingof the upcoming cruise "peak season".
Picture: Specialized training for cruise operationsby Xiamen Ocean Shipping Agency
In 2024, the Company's logistics subsidiaries, including Xiamen Ocean Shipping Agency, Xiamen PortLogistics and Xiamen Ocean Shipping Tally, conducted a customer satisfaction survey based on their2023 services. According to the statistics, Xiamen Ocean Shipping Agency has maintained acomplaint-free record for two consecutive years, with a high customer satisfaction, particularly in itsship agency segment, which has been widely acknowledged by ship owners. With excellent serviceand upgrades in both software and hardware of its intelligent tally system, Xiamen Ocean ShippingTally continues to earn customer recognition and praise, with customer satisfaction approaching100%. The customer satisfaction rates for the warehousing and international freight forwardingservices of Xiamen Port Logistics have exceeded 95% for two consecutive years, while satisfactionwith its empty container services rose by 3.15% compared to 2022. The Company has earnedrecognition and appreciation from customers and the industry.
Picture: The user-satis?ed shipping agency in the 21st "Golden Wheel Cup"
Picture: Xiamen Ocean Shipping Tally received a bannerPicture:Xiamen Ocean Shipping Tally's pest control operations
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Picture: Promotion of Quality Month by Chaozhou Terminal
Xiamen Ocean ShippingTally's customer satisfactionapproaching
The customer satisfaction rates
for the warehousing andinternational freight forwarding
services of Xiamen PortLogistics have exceeded95%
for two consecutive years
Xiamen OST Health Quarantine was awarded the title of "2023 OutstandingPest Control Service Provider"
Data security
Supply chain management
Supplier training
In strict compliance with the "Data Security Law of the People's Republic of China", "Personal Information Protection Law of the People'sRepublic of China", and the "Cybersecurity Law of the People's Republic of China", Xiamen Port has established an "Information TechnologyManagement System" and formed an Informatization and Network & Information Security Leadership Group to guide and organize the Compa-ny's information management and data and network security efforts. In 2024, no incidents of data breaches or customer privacy leaks wererecorded.
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Xiamen Port strictly adheres to the "Tendering and Bidding Law of the People's Republic of China" and the "Regulations for the Implementa-tion of the Tendering and Bidding Law of the People's Republic of China", and the Company's"Contract Management Guidelines", the contactdepartment shall conduct due diligence on the creditworthiness of the contracting party and clarify the review content, which includes but isnot limited to the contracting party's legal status, capacity to act, business scope, quali?cations, credit status, and proof of relevant capabilityto ful?ll contractual obligations.
The Company adheres to a standardized set of criteria for supplier admission and continuously improves daily supplier management, so as toensure the onboarding of quali?ed suppliers. By the end of 2024, a total of 2,750 suppliers have registered and been approved on our procure-ment platform, with 203 suppliers who have obtained ISO 9000 certi?cation, 168 suppliers with ISO 14000 certi?cation, 167 suppliers with ISO45001 certi?cation, and 495 suppliers who have signed the 'Integrity Agreement'. The annual procurement volume through the platform totalsRMB 85.9 million, with a total of 2,355 orders, of which public bidding accounting for 99.15%.
The Company conducts regular assessment on suppliers from multiple dimensions, such as the quality, environmental compliance, occupationalhealth and safety certi?cation systems, and ethical conduct. Suppliers that do not pass evaluation will have their partnerships terminated, andthose who are severely unquali?ed will be blacklisted.
Xiamen Port is committed to developing an outstanding supply chain ecosystem, prioritizing supplier training as a strategic component toenhance overall competitiveness. Through well-designed empowerment programs, the Company not only shares cutting-edge industryknowledge and best practices with suppliers but also focuses on strengthening their ESG management capabilities to achieve sustainabledevelopment goals.By establishing dedicated communication channels, the Company encourages knowledge sharing and experience exchange among suppliers,helping them understand their role in the pursuit of sustainability and how to meet the Company's high standards through proactive manage-ment strategies.Equal treatment for small and medium-sized enterprisesXiamen Port consistently upholds the principles of equality and fairness in its commercial collaborations, with a strong focus on partnering withsmall and medium-sized enterprises (SMEs). Committed to timely and full payments, the Company ensures there are no overdue funds owedto SMEs, effectively supporting the stability of their cash ?ow. This dedication allows SMEs to concentrate on their business growth and fostersthe development of long-term, stable, and mutually bene?cial partnerships.
In April 2024, Xiamen OST Health Quarantine, a board member of the China Pest Control Association, was invited to attend the "6th Members'Assembly and 2024 National Pest Control Conference" organized by the China Pest Control Association. At the event, they were honored withthe title "2023 Outstanding Pest Control Service Provider".
The Company has developed a "Compensation and Performance Assessment Management Method forHeads of Subsidiaries", which outlines management evaluation criteria for its subsidiaries. Regardinginformation management, the Company conducts both annual assessments and incident-speci?cevaluations for network security, encouraging subsidiaries to implement relevant cybersecurity measures.The results of these assessments are directly tied to the annual performance evaluations of the manage-ment team.
Enhancing supply chain management
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
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Picture: Xiamen OST Health Quarantine was awarded the title of "2023 Outstanding Pest Control Service Provider"
Assessment of datasecurity management
The Company has established an Informatization and Network & Information Security Leadership Group,with the Chairman as the leader and the General Manager as the ?rst deputy leader. The group is responsi-ble for guiding and organizing the Company's informatization initiatives, ensuring the implementation ofguidelines, policies, and plans from national, provincial, and municipal authorities. Additionally, it managesoverall network security, drives innovation in information technology applications, and coordinates themanagement of information assets.
Data securitymanagement structure
The Company actively engages in cybersecurity offense and defense exercises organized by regulatoryauthorities. It routinely conducts self-assessments of cybersecurity risks and organizes on-call cybersecuritypersonnel during holidays to prevent and mitigate business interruptions and losses in production,operations, and management, as well as risks of social impact caused by cybersecurity incidents.Cybersecurity offenseand defense exercises
Supplier admission
Supplier assessment
Total numberof suppliers
The annual procurementvolume through the platform totals
Number of totalorders
Number of publicbidding orders
Living up to the mission of theEra and committing to publicwelfare for development
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Actively contributing to societyResponding to national strategies
Xiamen Port consistently upholds its role as a state-owned enterprise by focusing on rural revitalization and ful?lling social responsibilities. Thishas resulted in a sustainable development model that equally values both economic and social impacts.
Rural revitalization
7576
Support through consumption
The company emphasizes support initiatives by regularly implementing programs like "buying instead of donating" and "purchasing to assist."In 2024, it procured specialty agricultural products from regions like Ningxia Province and Yunxiao County as holiday bene?ts for employees,with total purchases nearing RMB 3.05 million.
In strict compliance with relevant laws and regulations, such as the "Law of the People's Republic of China on the Administration of TaxCollection", "Interim Regulation of the People's Republic of China on Value Added Tax", "Law of the People's Republic of China on EnterpriseIncome Tax", and the "Individual Income Tax Law of the People's Republic of China", Xiamen Port proactively aligns with tax policies, diligentlyful?lls its tax obligations, discloses tax information according to law, and ensures timely ?ling and payment of taxes.
Educational support:
For over a decade, we have been embracing roles such as "psychologi-cal counselor", "logistical supporter" and "learning companion".Transitioning from broad assistance to targeted educational support,we offer ?nancial aid and provide learning and emotional support tohelp underprivileged students grow.
Voluntary blood donation：
We have been continuously establishing blood donationcenters for more than twenty years, collecting over 340,000milliliters of "life-saving blood".
Community service：
We take our social responsibilities as a state-owned enterpriseseriously by promoting the spirit of Lei Feng in various ways.Our services extend to all aspects of community life, includingcaring for the elderly and the children, maintaining a cleanenvironment, and enhancing legal awareness. We have builtstrong connections with community residents and earnedwidespread praise.
Emergency rescue:
Serving as a vital force in maritime emergency response,Xiamen Port Shipping have successfully conducted multiple?re?ghting and medical rescue operations at sea for XiamenPort and other locations. Since 2024, the company haveassisted in the rescue of 31 distressed large vessels, deployingtugboats 55 times, with a cumulative rescue duration of 219.1hours, thereby making a unique contribution to the safety ofXiamen Port and other stationed ports.
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.Actively contributing to society
Pay taxes according to law
Xiamen Ocean Shipping Agency was honored with the title of"Model Site for Lei Feng Activities" in Xiamen
The Youth League Committee of Xiamen Ocean Shipping Agency upholds thevolunteer service spirit of "dedication, friendship, mutual assistance and progress".They have launched the "Aimonxin" volunteer service brand, becoming a freshemblem of the "Caring Xiamen" initiative. The name "Love & Care" is a homophone inthe Minnan dialect, symbolizing that compassion is like a budding seed that needs tobe continuously nurtured by all of us to enrich the spirit of "Caring Xiamen." In March2024, the Communist Youth League Committee of Xiamen Ocean Shipping Agencywas awarded the title of "Xiamen Lei Feng Activity Demonstration Site", highlightingthe Company's pioneering role in youth volunteer services.
Picture: Xiamen Ocean Shipping Agencywas awarded the titleof "Xiamen Lei Feng Activity Demonstration Site"
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The company follows the principle of "Party-building drives team-building, andteam-building enhances Party-building", guiding its Youth League Committee toeffectively serve as an assistant and reserve force for the Party, and continuouslypromote the development of the "Youth" brand. In September, the "Xiamen Port'Ship Vanguard' Maritime Emergency Rescue Volunteer Service Project", initiated byXiamen Port Shipping's General Branch, won the Bronze Award at the ?rst NationalYouth Volunteer Service Competition in the Water Transport Industry.
Developing distinct volunteer services through team building at Xiamen Port Shipping
Picture: The result document for the First NationalYouth Volunteer Service Project Competitionin the Water Transport Industryby Xiamen Port Shipping's General Branch
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Xiamen Port is committed to ful?lling its social responsibilities and has continuously promoted volunteer service brand creation and publicwelfare charity projects, including "Innocence Dream Building", "Maritime Emergency Rescue". It actively promotes the spirit of "dedication,friendship, mutual assistance, and mutual progress", striving to contribute to society with all its might. In 2024, the Company engaged involunteer and charitable activities 110 times, with a total of 1,131 participants.
Public service
In 2024, the Company has made a total social contribution of RMB 1,600.95 million, including a net pro?t of RMB 246.06 million, employeecompensation of RMB 1,029.89 million, taxes (include corporate income tax) paid amounting to RMB 219.01 million, donation expenditures ofRMB 0.65 million, and interest payments to banks and other creditors totaling RMB 105.34 million, strongly supporting local economic develop-ment.
Social contribution degree
On May 30th, Hailong Terminal visited the Xiamen Port Kindergarten to jointly organize a themed group day event titled "Building an InnocentDream and Reuniting on Children's Day". During the event, young representatives from Hailong Terminal's Youth League Branch donatedpicture books to the Kindergarten and accompanied the children in reading the books, demonstrating the commitment of state-ownedenterprises and contributing to social welfare initiatives through concrete actions.
The Themed Group Day event by Hailong Terminal
Picture:Hailong Terminal donating cartoon books to Xiamen Port Kindergarten
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Optimizing network layout for expanding channels
27%
Leveraging Xiamen’s strategic position as a core area of the 21st Century Maritime Silk Road, the Company actively responses to the national"Belt and Road" initiative. Xiamen Port is continuously expanding its domestic and international markets and enhancing its supply chainbusiness development strategy. The Company is committed to the principles of "consultation, collaboration, and shared bene?ts." By using theport as a strategic hub and its bulk commodity supply chain business as a key link, it enhances market responsiveness and service quality.Together with partner countries along the route, it aims to establish a mutually bene?cial new global trade ecosystem, providing customerswith more ef?cient and convenient supply chain solutions, thereby contributing to regional economic growth and the development of the "Beltand Road".
(1) Ningbo Of?ce of Xiamen OSA International Freight: The Of?ce was
of?cially established in October. It is currently focused on importcustoms clearance and distribution services, aiming to providecustomers with comprehensive, integrated logistics and supply chainsolutions. These services encompass sea freight forwarding,warehousing and distribution, container transportation, customsdeclaration and inspection, non-vessel operating common carrierservices, and project logistics.
(2) Hongdong Of?ce of Xiamen OSA International Freight: The Of?ce
was of?cially established in December, marking a crucial step in theCompany's business expansion in the Northwest region. It is currentlyfocused on coal supervision, extended transportation, and domestictrade services.With Xiamen Port as a hub, the Company is vigorously expanding sea-rail intermodal transport to advance thedevelopment of a new Southeast land-sea logistics corridor, supporting a dual-cycle development pattern thatintegrates domestic and international markets. In 2024, a new dedicated sea-rail intermodal train route will belaunched from Chengdu to Xiamen, effectively creating a two-way transport corridor between the two cities.Throughout this process, Xiamen Port is dedicated to enhancing service quality, innovating development models,and aligning with national strategies. This strategy strengthens connections between international and domesticmarkets and promotes dual cycles. In 2024, the company achieved a signi?cant 27% year-on-year increase insea-rail intermodal business volume.
Huajin Terminal launches its ?rst direct international trade route
In 2024, the Company’s subsidiaries, including Xiamen Port Trading, Xiamen OSA International Freight and Xiamen Port Logistics, collaboratedwith each other to integrate their trade and logistics resources. They actively push forward the "going out" strategy, focusing deeply on inlandareas and expanding the trade and logistics supply chain business domestically and internationally. Xiamen Port Trading has established adiverse international client base across Asia, Europe, Africa, and the Americas, cooperating with well-known coal trade enterprises in Australiaand Indonesia for coal business, importing starch from Southeast Asian countries such as Thailand and Vietnam, importing pulp from mills inSouth American countries like Brazil and Chile, and engaging in mineral business with mining companies in African nations such as South Africaand Egypt.
In September, the ship "HFDS" carrying galvanized steel strips and other goods docked at Huajin Terminal, marking the successful maidenvoyage of SITC Container Lines' Philippines Line CPX5. The route to Manila North Harbor takes merely two days, providing customers with asuperior and more ef?cient logistics channel, further promoting the prosperity and development of the regional economy.
Xiamen Port is committed to promoting commerce through logistics and facilitating cooperation through exchanges. It actively explores andintegrates into the development of the cross-strait integration pilot demonstration area.
Successful Maiden Voyage of the CPX5 Philippine Route
In August, with the successful docking of the vessel "Mega 1", Huajin Terminal of?cially inaugurated its ?rst direct international trade route toManila of Philippines. As the ?rst direct foreign trade shipping route of Huajin Terminal, this marks a crucial step in providing high-quality servicesand strengthening economic and trade ties with the Southeast Asian region.
In terms of logistical corridor development, Xiamen Port has effectively integrated resources like "terminals + depots + shipping routes" tosigni?cantly expand cross-border e-commerce business with Taiwan. In 2024, the company's cross-border e-commerce supervision centercompleted 26.8973 million bills of cross-border e-commerce, an increase of 103.91%.
Xiamen Ocean Shipping Agency champions the "Ship Watcher" brand by ef?ciently managing vessel agency services for the Xiamen-Kinmen"Mini Link" route. This effort contributes to the creation of the "Xiamen-Kinmen Half-Hour Living Circle" .In 2024, ships agent of the Companytransported a total of 1.2534 million tourists on this route.
7778
Responding to national strategies
Belt and Road Initiative
Cross-strait integration
Picture: Ningbo Of?ce of Xiamen
OSA International Freight
Picture: Hongdong Of?ce of Xiamen
OSA International Freight
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Sea-Rail Intermodal Transport
Supply chain service
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Year-on-yearincrease
Haixiang Terminal launched its ?rst "Xiang'an-Hualien" stone export business to TaiwanIn April, Haixiang Terminal successfully initiated the export of stone to Hualien, Taiwan. The exported stone primarily comes from domestic minesin Guangdong, Guangxi, and the southern Fujian regions, as well as market purchases. In collaboration with shipping companies for jointmarketing, Haixiang Terminal proactively addresses customers' speci?c needs, and has developed an innovative business model: stones are?rst imported via domestic trade vessels and then re-exported through foreign trade vessels.
In accordance with the "Work Plan for Accelerating the Digital Transformation of State-owned Enterprises in Fujian Province", Xiamen Portcontinues to make signi?cant strides in digital transformation by clarifying strategic goals, streamlining management processes, and boostingresource investment. Its subsidiary, Xiamen Ocean Shipping Tally, was of?cially recognized as a "Technologically Advanced Service Enterprise"in Xiamen.
As the pilot execution platform for the "Single Document System", Xiamen OSA International Freight has independently developed a platformoffering features such as online commissioning, comprehensive oversight, real-time tracking, cost inquiries, and statistical analysis. Thispromotes the paperless, electronic, and standardized exchange of multimodal transport documents. In 2024, the platform processed 8,865 billsfor customer and added 12 new users. Currently, 240 companies are actively using the platform.
To improve energy ef?ciency and effectively control energy costs, Xiamen Port Shipping adopted the "Tugboat Energy Consumption OnlineMonitoring System" in 2015. As of 2019, all tugboats have been equipped with the system. The system is mainly designed to retro?t existing shipequipment like oil tanks, so as to collect and analyze energy consumption data, thus providing a scienti?c basis for establishing and evaluatingfuel-saving strategies.
The Company priorities the enhancement of its digital transformation, investing signi?cant funds and human resources to establish a robustsuite of information systems. This provides crucial support for business management and operational needs across areas such as port terminals,logistics supply chains, waterfront services, and corporate management. The initiative has effectively enhanced business ef?ciency and servicequality, serving as a guiding and supporting force in the Company's growth. Additionally, with a demand-driven approach, the Company continu-ally enhances the functionality of its information systems, optimizes platform resource integration, and deepens data utilization, collectivelyadvancing the digital transformation of the port services sector. In 2024, the Company invested a total of RMB 20.18 million in its informationtechnology projects, achieving an investment completion rate of 118.23%.
Based on varying system architectures and business types, the main terminals mainly utilize the Bulk Terminal Operations System (BTOS),ensuring seamless operations for the Company's breakbulk cargo business and ful?lling customer service requirements.
Digital transformation
Informatization and digital transformation
Construction of digital information system for bulk terminals
7980
CaseDevelopment of the "Xiamen Port Logistics Service Cloud Platform" by Xiamen OSA International Freight
Construction of tugboat energy consumption online monitoring system by Xiamen Port Shipping
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
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Adhering to green principles andreducing carbon emissions forecological protection
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Strengthen environmental managementStrictly controlling resource consumptionReducing pollutant dischargeResponse to climate change
In strict compliance with relevant laws and regulations such as the " Law of the People's Republic of China on Environmental Protection", "Lawof the People's Republic of China on the Assessment of Environmental Affects", and the "Regulations on Energy Conservation and Supervisionof Ecological Environment Protection", Xiamen Port is committed to continuously optimizing the working environment and strengthening theconstruction of management systems. The Company has formulated a set of documents such as the "Environmental Protection ManagementSystem", "Energy Conservation Management System", and the "Emergency Response Plan Management Measures" to standardize the itsenvironmental protection management work requirements. In 2024, neither the Company nor its subsidiaries were involved in any illegal ornon-compliant activities in the environmental ?eld.
To ensure the effective operation of the environmental management system, the Company has established a vertically integrated organizationalstructure with clear responsibilities and de?ned requirements. Its subsidiary, Xiamen Ocean Shipping Agency, Haihong Terminal, Xiamen OSTHealth Quarantine and other companies have been certi?ed for both the environmental management system and the Health, Safety, andEnvironment (HSE) management system.
Environmental protectiondepartments of units concerned
Implement initiatives related to energy conservation, emission reduction,management of the "three wastes" (wastewater, waste gas, and wasteresidue), climate risk management, carbon emission management, and carry outtasks related to environmental investment and technological advancements inenvironmental protection.
Carry out speci?c tasks related to environmental protection
Oversees and coordinates all environmental protection management activitiesEnvironmental protectionleading groupSafety and EnvironmentalDepartment
The Company has developed policies such as the "Emergency Incident Response Plan Management Measures", categorizing environmentalincidents into four levels based on their severity and urgency. All subsidiaries are required to proactively and promptly implement emergencyresponse measures for relevant environmental incidents. When necessary, they should liaise with external entities, which may include requestingexternal assistance, coordinating with neighboring enterprises, and reporting to higher authorities.
Our key environmental protection risks include non-compliant emissions, signi?cant or larger sudden environmental incidents, and illegal ornon-compliant practices in construction projects. To enhance environmental risk management efforts, the Company guides production enterprisesin strengthening their identi?cation and mitigation of environmental risks, which includes compiling a risk list, implementing an emergency exerciseplan, and regularly conducting exercises for incidents such as chemical leaks, oil spills, and excessive wastewater and gas emissions. Thesemeasures are designed to continually enhance the Company's capacity to manage environmental risks effectively.
In 2024, Shihushan Terminal is fully dedicated to overcoming the challenges of pollution prevention, and protecting both developmentand ecological baselines. They strive to create a port area characterized by "green and low-carbon initiatives, clear skies, harmonioushuman-water interaction, and clean soil". For addressing mild pollution weather, all response measures were strictly implemented within30 minutes of the issuance of the response. A series of repsonse measures were strictly implemented to ensure effective responses, clearmeasures, and prompt feedback. We carried out over 900 responses carried out throughout the year. It also made continuous efforts toenhance the effectiveness of spraying and cleaning, ensuring clean and moist road surfaces to suppress dust in the port area andeffectively improve air quality management.
Xiamen Port is committed to abiding by relevant policies and regulations, such as the "Law of the People's Republic of China on EnvironmentalProtection", "Law of the People's Republic of China on the Assessment of Environmental Affects", "Marine Environmental Protection Law","Biosecurity Act", "Opinions on Further Strengthening Biodiversity Conservation", "China Biodiversity Conservation Strategy and Action Plan(2023-2030)", and the "Convention on Biological Diversity". The Company proactively ful?lls its responsibilities to protect the ecologicalenvironment and biodiversity, aiming to build a port community that fosters harmonious coexistence between people and nature.The Company's port and shipping subsidiaries have developed internal policies such as the "Emergency Plan for Marine Pollution Incidents by Ships" andthe "Oil Spill Emergency Plan", designed to support ecological protection and the sustainable use of natural resources. Various measures have beenemployed to mitigate the adverse effects of port construction, operations, and other activities on communities and marine ecosystems,Relevant subsidiaries have adhered strictly to regulations covering wastewater treatment, compliant emissions of exhaust gases, proper disposal ofhazardous and non-hazardous waste, and waste sorting. They also organized regular emergency exercises related to environmental protectionmeasures, such as managing hazardous chemicals and preventing oil spills, ensuring that production activities do not exert an impact on the surroundingenvironment and biodiversity.
Chaozhou Port's union, in collaboration with the Company'sYouth League Branch, organized a volunteer activity themed"Building a Green Future through Planting". Over 20 participants,including company leaders, Party members, Youth Leaguemembers, and employee representatives, joined the event.ensur-ing "green" becomes the core of the port's development.
Strengthen environmental management
Development of environmental system
Biodiversity conservation
The Company places signi?cant emphasis on biodiversity conservation
Strictly implementing response to air quality emergency
Building a green and beautiful Chaozhou through tree planting
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Building of organizational structure
Environmental emergency management
Environmental risk control
Table: Organizational structure and responsibilities of environmental management
Organizational structureResponsibilities
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Neither the Company nor its subsidiaries have touched the ecological conservation redline
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81014
Xiamen Port adheres diligently to the "Environmental Protection Law of the People's Republic of China", integrating environmental protectionprinciples into business operations, and actively implementing green procurement, green of?ce practices, and sustainable operations.Through resource conservation and ecological preservation, it aims to achieve a harmonious balance of economic, social, and environmentalbene?ts for the company.
In strict compliance with relevant laws and regulations such as the "Law of the People's Republic of China on Environmental Protection", andaccording to the actual situation, Xiamen Port has developed the "Environmental Protection Management System" and the "Energy Conserva-tion Management System" to continuously optimize energy structure and strictly control energy consumption.
Based on the production and energy consumption of major energy units from the previous year, the Company sets energy-saving targets for thecurrent year. In 2024, it issued the "Noti?cation on the 2024 Energy-Saving Targets", specifying that the comparable comprehensive energyconsumption for bulk loading and unloading shall be under 2.7 tons of standard coal per 10,000 tons of throughput. Other units shall maintainlower energy consumption than in the previous year. The Company also set and issued energy-saving and emission-reduction targets for 2024in accordance with the "Energy Consumption Limit per Unit Product at Dry Bulk Terminals" and "Energy Consumption Limit per Unit Product atContainer Terminals". Each subsidiary was required to manage operations according to these standards, ensuring indicators like energyconsumption intensity and greenhouse gas emission intensity remain within national limits. In 2024, the Company and all its subsidiaries havesuccessfully achieved their annual energy management targets.
The Company encourages its major energy-consuming subsidiaries to establish internal energy management systems. Key subsidiaries such asXiamen Port Shipping, Shihushan Terminal, Hailong Terminal, and Xiamen Port Transport have developed relevant energy-saving managementsystems, including "Energy Management Policies" and "Energy Conservation Incentive and Penalty Regulations". They also implement energymanagement projects to continuously enhance energy control and reduce energy consumption.
The Company is committed to pursuing the transition from oil to electricity for mechanical equipment and the adoption of clean energy. It haspromoted projects like electric trailers and loaders, the acquisition and construction of new energy tugboats, and photovoltaic power generationin warehouse buildings to save energy and reduce emissions.
The Company has procured electric loaders, electric dump trucks, electric forklifts, hybrid tugboats, and other new energy equipment from newenergy equipment manufacturers. It aims to reduce energy consumption and greenhouse gas emissions by optimizing and updatingequipment. In 2024,the Company made great effort to promote the electri?cation and renewal of its equipment, having deployed 8 electricforklifts, 10 electric loaders, and a converted "oil-to-electric" reach stacker, while also beginning construction on 4 electric tugboats throughoutthe year.
Advanced pickup appointment systems have been implemented in terminal facilities, warehouses, and storage areas to reduce the waitingtime for trucks, thereby lessening the environmental impact of logistics activities. It enhances the use of recyclable logistics pallets to improvethe ef?ciency of logistics resources and promotes the development of sea-rail intermodal transportation. The Company aims to build a green,intelligent, and information-driven logistics supply chain, improving overall process quality and ef?ciency while achieving low-carbon emissionreductions in the logistics industry.
The Company has issued the "Conservation Management Regulations" to all employees, promoting the concepts of energy conservation andgreen of?ce practices. Initiatives include paperless operations and ensuring electrical equipment and water valves are turned off after workhours. Additionally, some subsidiaries have stopped purchasing fuel-powered vehicles for of?cial use.
During the "National Energy Conservation Week & Low-Carbon Day", the Company organizes a series of energy-saving awarenesscampaigns, encouraging company-wide sharing, discussion, and implementation of successful projects such as the "Zero Carbon Compre-hensive Protection Zone", "Conversion of Stackers from Oil to Electricity,"", and the "Implementation of New Energy Hybrid Tugboats".
The Company is consistently advancing large-scale photovoltaic projects. Additionally, Xiamen Port Logistics has established a 0.5 MW energystorage station in the bonded zone, enabling more ef?cient "peak load shifting" for electricity consumption. It has also invested and establishedthe Xiangyu Free Trade City smart charging station, which currently features 30 charging piles, handling an average of 300 vehicle charges perday, with each vehicle receiving about 40 kilowatt-hours of electricity. the largest "green electricity charging station" in the province. It saves
4.8 tons of standard coal and reduces carbon emissions by 12 tons daily.
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Strictly controlling resource consumptionGreen operation
Energy management
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Green procurement
Target management
Green of?ce and operation
Green logistics
Environmental activities
Energy management system
Upgrading energy equipment
Use of clean energy
Number of electric
forklifts used
Number of electric
loaders used
Number of converted"oil-to-electric" reach stacker used
Number of electrictugboats under construction
14,433.70tons
3.93%
38,219.18KWh106.38tons
25,885tons ofstandard coal
4.28%
1.63percentage points
5.2614million kWh
%
646.62tons of
standard coal
193.44%
2.44%
1.63percentage points
97.56%
Total consumption of diesel
Total consumptionof photovoltaic electricity
Total non-fossilenergy consumption
Percentage of non-fossil energyaccounted of the total energy consumption
Total fossil energy consumptionPercentage of fossil energy accounted
of the total energy consumption
Total consumption of purchased electricityTotal consumption of gasoline
In 2024, according to the "GB/T 2589-2020 General Principles for Calculating Comprehensive Energy Consumption"
For non-fossil energy, the Company primarily relied on photovoltaic power.
In 2024, the Company's total energy consumption reached 26,531.62 tons of standard coal.
In 2024, the Company's major energy-consuming units (those with annual energy consumption exceeding 500 tons of standard coal)consumed a total of 26,057.58 tons of standard coal
[2]
.
In 2024, the Company primarily utilized diesel, purchased electricity, and gasoline as its main energy sources.
Fujian Province launched its ?rst front-loader convertedfrom oil into electricity for trial operation
Noticeable energy savings with electric tractors
8887
In 2024, Xiamen Port Transport's ?eet of 80 electric tractionequipment operated stably, achieving an energy savings rate of
75.99%. By replacing diesel tractors with electric ones, the
company has saved 1,609.58 tons of standard coal in energyconsumption and reduced carbon dioxide emissions by 4,594.66tons, resulting in a reduction on energy costs by RMB 7.83million compared to diesel tractors.
To enhance ef?ciency, and promote energy saving and emissionreduction, in April 2024, Fujian Province launched its ?rst front-loaderconverted from oil into electricity for trial operation. The conversionincludes the replacement of engine, transmission, and fuel tank witha battery, motor, and electronic control system, integrating photovol-taic power to achieve zero emissions during front handling, reducenoise pollution, and enhance driving comfort. This initiative isexpected to save 46.75 tons of standard coal, cut approximately
98.36 tons of carbon dioxide emissions, and reduce energy consump-
tion costs by 60%.
Shihushan Terminal electric loaders
In July 2024, Shihushan Terminal welcomed the delivery of 9 electric loaders. As of now, Shihushan Terminal has purchased a total of 21 electricloaders. Compared to fuel-powered loaders of the same tonnage, these electric loaders can reduce carbon dioxide emissions by about 132 tonsper year, signi?cantly lowering the environmental impact during operations. Moreover, with an estimated annual operation of 3,000 hours perunit, it saves approximately RMB 250,000 to 300,000 in diesel costs annually.
Picture：Pure electric tractor
Picture：The ?rst front-loader convertedfrom oil into electricity in Fujian Province
Picture: Shihushan Terminal electric loaders
A year-on-year reduction
A year-on-year reduction
A year-on-year increase
Total amount of energy reduction
The energy consumptionof 10,000 yuan operating income
Total amount of energy increase
The energy consumptionof 10,000 yuan operating income
The Company's majorenergy-consuming unitsa year-on-year decrease
A year-on-year increaseA year-on-year increase
A year-on-year reduction
A year-on-year reduction A year-on-year reduction
0.90%15.53%
731.84tons of
standard coal
384.51tons of
standard coal
0.0120tons of
standard coal/10,000 RMB
1.34%
0.12tons of
standard coal/10,000 RMB
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2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
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The company'stotal energy consumptiona year-on-year decreased
2.68%
[2] The Company's major energy-consuming units (those with annual energy consumption exceeding 500 tons of standard coal)include Shihushan Terminal, Hilong Terminal,Xiamen Port Logistics, Xiamen Port Transport, Xiamen Port Shipping, Huajin Terminal and Xiamen Ocean Shipping Agency. Among them, the energy consumption data outside theport is added to the energy consumption of Xiamen Port Shipping. Relevant data in 2023 will be retroactively adjusted with the same caliber.
Wastewater treatment and reuse of reclaimed water at Shishushan Terminal1,221,055tons
2.12%
181,123tons
5.52%1.32%
55.13tons
For of?ce water usage, water-saving ?xtures such as taps are employed. Shihushan Terminal and Hailong Terminal have established an intelligent watermeter monitoring system to use water resources to control dust emissions at key stages, effectively enhancing the ef?ciency of water resource manage-ment. Shihushan Terminal and Hailong Terminal have invested and established wastewater treatment and reclaimed water reuse systems in their keyterminals. Haihong Terminal is equipped with oil-water separators. The reclaimed water after treatment at Shihushan Terminal and Hailong Terminal wasrecycled through water trucks and constant pressure systems for various purposes, including wheel washers for departing ships, daily spraying by watertrucks and mist cannons, on-site vehicle cleaning, and dust suppression on cargo piles.
In strict adherence to the "Recycling Economy Promotion Law of the People's Republic of China", Xiamen Port has established an "EnergyConservation Management System" and an "Environmental Protection Management System". It is deeply committed to sustainable develop-ment and actively promotes the recycling economy.
Xiamen Port Logistics has expanded the use of recyclable pallets,while Xiamen Port Transport has intensi?ed efforts to refurbishused tires. These initiatives have saved operating costs, andreduced carbon emissions associated with the procurement,production, and transportation of related materials.
Xiamen Port is committed to standardize the its wastewater management practices, safeguard the ecological environment, and combat pollution throughstrict compliance with relevant national laws and regulations, including the "Law of the People's Republic of China on Environmental Protection", "Law ofthe People's Republic of China on the Prevention and Control of Water Pollution", "Law of the People's Republic of China on Noise Pollution Prevention andControl", "Regulations on the Management of Key Environmental Supervision Units", "Regulations on the Legal Disclosure of Corporate EnvironmentalInformation", and the "Emission Permit Management Regulations". As the end of 2024, the Company has achieved a 100% compliance rate with pollutantdischarge standards, including wastewater and noise emissions. The Company discharged a total of 116,079.01 tons of wastewater for the year, markinga decrease of 15.11% compared to the previous year. The main terminals of Xiamen Port have been equipped with sewage recycling systems, enablingthe reuse of treated water. Other subsidiaries primarily use water for of?ce purposes, with no discharge of harmful pollutants.The Company is actively involved in maintaining, upgrading, and improving wastewater treatment facilities to ensure ef?cient reuse and compliantdischarge. Each terminal subsidiary has strengthened the management of sea discharge outlets, acquired pollution discharge permits as required, andsuccessfully connected terminal networks to the municipal system. This ensures no wastewater over?ows or enters the sea. All surface runoff, domestic,and maintenance wastewater are collected and intercepted for treatment at wastewater facilities. Once treated to meet standards, the water is eitherreused or discharged into the municipal system.
Shihushan Terminal, along with its six subsidiary port areas, iscommitted to developing into a water-ef?cient enterprise. It hasestablished eight sewage treatment plants and a comprehensivereclaimed water reuse system to optimize water resource recycling.Rainwater runoff sewage is collected through pipelines into aregulating pool where sewage is treated ef?ciently using chemicaldosing and sedimentation. The reclaimed water after treatment isreused via water trucks and a constant-pressure reclaimed watersystem. The recycled water is utilized for departing vehicles, dailyspraying by water trucks and mist cannons, on-site vehicle cleaning,and dust suppression on cargo piles. Sludge and coal ash are storedin the sludge pool.The constant-pressure reclaimed water system is expected totransport 428 tons of reclaimed water per day, and the annual watersaving cost is expected to be about RMB 616,700.
Strict control of sewage discharge and proper recovery and treatmentXiamen Port Shipping:
(1) All vessels are equipped with sewage treatment systems approved by maritime authorities and hold type approval certi?cates. Treated
sewage complies with discharge standards speci?ed in Annex IV of the MARPOL 73/78 Convention, the "Technical Rules for the Inspection ofDomestic Navigation Ships 2020", and the "Standards for the Control of Ship Water Pollutant Discharges" (GB3552-2018).
(2) Each vessel has obtained a "Certi?cate for the Prevention of Pollution by Sewage from Ships" and undergoes timely inspections to ensure
the certi?cate’s validity.
(3) Professional inspection and testing agencies are commissioned to sample and analyze the sewage treatment systems on all tugs in the port
area according to the "Standards for the Discharge Control of Water Pollutants from Ships" and the "Sampling Methods for Engine Room BilgeWater and Sewage from Ships". Results con?rm that all discharges meet required regulations. Sewage is discharged after treatment orcollected by certi?ed recovery units.
(4) Enhanced management of oily sewage disposal is enforced, strictly prohibiting direct discharge. All oily sewage from tugs is collected in
designated tanks and entrusted to registered third-party recovery units for treatment. The entire process (from generation to transfer) is closelymonitored to ensure safe handling of hazardous waste.
Xiamen Port prioritizes the packaging materials that are non-toxic, harmless, easily degradable, or easy to recycle. The packaging for cargotransport is appropriately designed so that the materials, structure, and cost align with the quality, speci?cations, and cost of the contents.This can reduce packaging waste and avoid over-packaging.
In strict compliance with the requirements of relevant laws and regulations, such as the "Law of the People's Republic of China on Environmen-tal Protection", "Water Law of the People's Republic of China", "Law of the People's Republic of China on the Prevention and Control of WaterPollution" and "Guidelines for Strengthening the Control of Resource and Ecological Redlines", Xiamen Port implements strict management ofwater resource usage, supply and demand, and protection. This ensures the recycling of water resources, thereby minimizing external waterextraction and discharge into the environment, and reducing the impact on the region's water resources.
Fresh water usageA year-on-year reductionA year-on-year reductionA year-on-year increase
Recycled water usage Fresh water consumption per
million in revenue
9089
Water resource management
Wastewater management
Use of lightweight packaging materials
Recycling economy
Reducing pollutant discharge
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
The Company is committed to strengthening water conservation in both of?ce and production environments
Material recycling
The Company's key terminals have invested and establishedwastewater treatment and reclaimed water reuse systems, andthe relevant subsidiaries have been equipped with oil separators.Additionally, quality inspection reports indicate that the waterquality meets discharge standards.
Reclamation of waste water
Case
Case
In the year 2024, the Company's total water usage was 1,402,178 tons.
Shihushan Terminal has established windbreak and dust suppression nets around the port area, and optimized its operational processes,ensuring "wet operations" and "full-time full coverage" of non-operational cargo piles, and effectively minimizing dust pollution within the portarea. Since 2019, a routine, standardized, and quarterly environmental air self-monitoring protocol have been implemented in ShihushanTerminal. Additionally, Xiamen Port Authority regularly entrusts the Provincial Transportation Environmental Monitoring Center to conductenvironmental assessments of the terminals. All monitoring data has consistently satis?ed the "Xiamen City Air Pollutant Emission Standards"and the "Ambient Air Quality Standards", with pollutant concentrations at the plant boundaries remaining within environmental quality limits.
The main hazardous wastes generated by the Company's production activities include waste lubricating oil, used oil barrels, used oil ?lters,waste lead-acid batteries, waste mineral oil, and oil sludge. The Company collects and stores hazardous waste like used oil and batteries byclassi?cation. It maintains management records and adheres strictly to regulations by partnering with certi?ed third-party vendors for wastedisposal. All transactions are logged online to ensure legal and compliant handling. The Company has established storage facilities forhazardous waste, categorizing and managing it through dedicated personnel. The ultimate disposal is entrusted to quali?ed third-partyagencies. During the outsourcing of hazardous waste disposal, the Company enhances the on-site management and training of externalpersonnel to strengthen supervision over their operations, ensuring that all external staff strictly follow the Company's hazardous wastedisposal procedures to prevent any leaks or secondary pollution. In 2024, the Company disposed 54.642 tons of hazardous waste (includingwaste oil, used ?lters, and spent batteries), all of which was disposed of legally and in compliance with relevant regulations.
The Company is committed to three main objectives: reducing hazardous solid waste at its source, maximizing resource utilization, and ensuringsafe disposal. It manages waste through promoting awareness of policies and regulations, enhancing system capabilities,implementing keyprojects, developing information systems, and conducting specialized supervision and inspections.
Xiamen Port has been focusing on the impact of climate change on its business operations and industry development. The Company closelyaligns with the latest domestic and international developments, fully considering the risks and opportunities related to sustainable develop-ment, such as climate change.
In strict compliance with the "Air Pollution Prevention and Control Law of the People's Republic of China", Xiamen Port has established the"Exhaust Gas Pollution Prevention Management Regulations" and the "Dust Pollution Prevention Management Regulations". In response toXiamen City's Blue Sky Campaign, the Company has employed various methods, including mist cannons, pile coverings, vehicle washing, roadsweeping, and construction site barriers, to control and reduce dust emissions during operations. The Company have successfully achieved itsmanagement targets through these efforts.
In compliance with relevant laws and regulations such as the "Law on the Prevention and Control of Environmental Pollution by Solid Waste ofthe People's Republic of China" and the "Pollution Control Standards for Storage of Hazardous Waste", Xiamen Port is committed to minimizingwaste generation, reducing the adverse environmental and human impacts of hazardous waste storage and treatment, and ensuring properdisposal of waste byproducts like used tires, discarded steel cables, and decommissioned equipment. As the end of 2024, the Company hasachieved its management goals with a 100% compliance rate for hazardous waste disposal and 100% coverage in waste classi?cation manage-ment.
Waste gas management
Waste management
Climate governance
The Company has enhanced on-site signage, and implemented a system for sorting and collecting bothrecyclable solid waste and non-recyclable waste such as household and construction debris. Householdwaste is collected at designated points and then promptly removed by sanitation services. Generalindustrial solid waste is properly sorted and stored temporarily, and handed over to specialized processingunits for recycling and disposal.
Response to climate change
The Safety and Environmental Department is responsible for managing environmental concerns and overseeing climate change managementefforts. Its role is to enhance the Company's ability to address climate change risks and opportunities, thereby supporting the achievement of theCompany's carbon peak goals.
The Safety and Environmental Department is tasked with developing relevant environmental policies, formulating annual and medium andlong-term environmental plans, overseeing the Company's environmental initiatives, and coordinating these efforts among subsidiaries. TheCompany has established the "2024 Energy Conservation Targets for Major Energy-Consuming Enterprises" with speci?c annual goals and workmeasures. It also focuses on developing an environmental management system and benchmarking improvement measures. Subsidiaries arerequired to set up their own risk management systems to implement the Company's strategies on climate and environmental change, while strictlymanaging carbon emissions and energy-saving targets. Additionally, the Company has included energy conservation, environmental protection,and other low-carbon development indicators as obligatory goals within the annual performance evaluations for both senior management andsubsidiaries. These goals are tied to the annual performance bonuses.
9291
In 2024, the Company disposed 661.75 tons of general industrial solid waste, consisting of 365.62 tons of scrap iron,
269.79 tons of scrap steel wire rope, and 5,929 discarded tires.
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Reduction of solid waste
The Company's production subsidiaries have allocated speci?c areas for solid waste storage, managed by the production department. Waste isperiodically collected and disposed of in batches through an open bidding process, handled by third-party entities with the required solid wasterecycling quali?cations. When outsourced units arrive for recycling, the Company assigns technical staff for on-site supervision to enhanceregulatory oversight.
Disposal of solid waste
General waste disposal
Hazardous waste disposal
Governance level
Management level
Total amount ofthe disposal of generalindustrial solid waste
9493
Xiamen Port is engaged in identifying, assessing, and managing climate change-related risks and opportunities to enhance its risk insightcapabilities and take timely responsive actions. The Company has developed frameworks such as the "Risk Management System" to identifypotential operational risks, assess their impacts and priorities, and manage them on a rolling basis. Collaboration with the Board's StrategicDevelopment and ESG Committee ensures a thorough identi?cation, assessment, and management of climate change-related risks andopportunities, forming the foundation for prevention, mitigation, and recovery strategies, as well as continuous monitoring, auditing, andsimulation exercises.
To optimize resource allocation and improve the ef?ciency of climate change risk management, the Company has guided itssubsidiaries to integrate climate change risk management into the Company's overall risk management framework. This involvesproactive evaluation of identi?ed risks and the implementation of effective management strategies to ensure these risks remainwithin manageable limits.
Xiamen Port is actively implementing a green and clean development strategy, prioritizing ecological sustainability, green transformation, andclean growth. It has promoted the cleansing of fossil fuels, scaling up clean energy, and reducing carbon in production processes, steadfastlyfollowing a path of green and low-carbon development. The Company has incorporated climate change response into its developmentstrategy and operations, accelerating efforts to build green and low-carbon competitiveness. It aims to become an industry benchmark forgreen, clean, and low-carbon development while contributing to global climate change mitigation efforts. The Company has integrated greenand low-carbon initiatives into its overall development strategy and overall planning. It has developed a "Green and Low-Carbon DevelopmentPlan (2024-2030)".
The Company has actively promoted the upgrade of new energy equipment, signi?cantly reducing petroleum energy consumption and carbonemissions. Additionally, the Company has made continuous efforts to build shore power facilities, encouraging visiting ships to fully utilize theseservices to provide shore power to docked vessels. the Company primarily engages in the bulk business, which may affect the climate environ-ment. To address climate change, it has an advanced environmental management system in place, along with a dedicated environmentalmanagement department and personnel. It has established an assessment mechanism and invested signi?cantly in environmental protectioneach year. The Company has implemented comprehensive measures for dust pollution control and has installed an air quality monitoringsystem around the port area, which is overseen by local environmental authorities. During the reporting period, there were no instances ofenvironmental pollution indexes exceeding the permissible limits.
The Company is committed to capitalize on transformation opportunities, with its primary production subsidiaries actively advancing the shiftfrom traditional energy equipment to new energy solutions, consistently expanding the upgrade of new energy equipment across all stages ofproduction, and exploring green and low-carbon solutions. Xiamen Port Logistics have already achieved net-zero carbon emissions within theXiangyu CBZ. Hailong Terminal is also proactively advancing green port initiatives, with a photovoltaic power station designed for a capacity of7 megawatts. We are exploring net-zero emission solutions for individual terminals to boost the competitiveness of the Company's ports infuture markets.The company is committed to employing low-emission and renewable energy sources in its production processes. The Company and itsenergy-consuming subsidiaries have implemented relevant management systems and set annual energy management targets. Meanwhile, wehave made a concerted effort to replace traditional energy equipment with new energy alternatives such as electric trailers, loaders, dumptrucks, tugboats, stackers, and forklifts. Additionally, a pickup appointment system was used to reduce energy waste by minimizing externalvehicle queues and waiting times.When developing its climate strategy, the Company incorporates scenario analysis results to more effectively plan carbon reduction strategies.However, the uncertainty of external scenario changes may signi?cantly impact future assumptions. In the future, the Company will continueto review scenario assumptions to ensure they are suf?cient to meet the challenges of multiple external scenarios.
Develop relevant policies anda series of emergencyresponse plans speci?callyfor typhoon weather; conductregular emergency exercisesto prevent confusion when atyphoon approaches.
Establish a typhoon prevention of?ceto manage risks; have vessels moveinto typhoon shelters to effectivelyavoid maritime risks; assign person-nel on duty to monitor typhoonconditions throughout; promptlysecure equipment, facilities, andcargo to provide effective protectionagainst wind and water.
Inspect and review any damage tofacilities and equipment, integrate allresources, and promote effectiveresumption of work and production toensure the Company's productionand operation.
Assess the impact of high tempera-tures on business operations andcontinuously improve contingencyplans and preventative measuresfor future heat-related risks.Develop and implement the"Regulations on Increasing HeatAllowances for Frontline Workers";distribute monthly heat allowancesto employees working in high-tem-perature conditions to ensure theirhealth; establish operationalguidelines for high-temperatureconditions, detailing necessaryprotective measures and operation-al requirements to mitigate risks.
Set up stations providing free herbaltea and mung bean soup to helpemployees stay cool and preventheat-related issues; conductunion-led "Summer Refreshment"activities, distributing supplies forheat prevention.
Manage heavy rain conditionstypical of the ?ood season bydevising risk avoidance strategiesand implementing prevention andcontrol measures; conduct regularemergency exercises and maintaina well-stocked supply of emergen-cy materials to ensure readinesswhen risks occur; implement ?oodcontrol exercises and preparenecessary supplies in line with thecontingency plans.
Implement measures to preventyard ?ooding and ensure drainagefacilities and equipment are readyto protect goods; move goods intowarehouses or temporary storagefacilities, or cover them for rainprotection; reduce yard storagelevels, halt vessel loading andunloading operations, and securehatch covers.
Conduct thorough inspections to identifyand address potential hazards, andspeed up the resumption of production.
Strategic response
Climate risk management
Countermeasures to typhoon risk
Countermeasures to ?ood risk
Countermeasures tohigh temperature risk
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Strategic transformation
Market opportunities
BeforehandDuring the eventAfter the event
BeforehandDuring the eventAfter the event
BeforehandDuring the eventAfter the event
The practice of "Establishing Xiangyu Zero-CarbonComprehensive Bonded Zone" has been recognized by MEE
In February 2024, the initiative titled "Establishing Xiangyu Zero-CarbonComprehensive Bonded Zone" was recognized as one of the sevenexemplary cases of Xiamen's practical approaches to ecologicalcivilization. This zero-carbon park has gained signi?cant media attention,leading to remarkable achievements. The CBZ has achieved a self-bal-ancing of carbon emissions and carbon absorption within the park,creating a new type of zero-carbon CBZ that deeply integratesproduction and living. It has now become a striking new symbol ofecological civilization for the Free Trade Zone in its international engage-ment.As of 2024, Xiamen Port Logistics has established a total photovoltaicinstalled capacity of 9.9 megawatts in the Xiangyu CBZ. The expectedannual power output is 8 million kWh, potentially saving at least 2,520tons of standard coal and reducing carbon dioxide emissions by roughly7,986 tons. This initiative effectively optimizes the energy structurewithin the logistics park, reduces energy costs, and decreases carbonemissions.
Indicators and targets
Carbon emissions management
Xiamen Port is currently developing the "Green and Low-Carbon Development Plan (2024-2030)", establishing goals and strategies for energyconservation and emission reduction. The Company and its energy-consuming subsidiaries have implemented relevant management systemsand set annual energy management targets.
Xiamen Port has made continuous effort to promote green port development through technological innovation, equipment upgrades, andprocess optimization, continually reducing the energy consumption and resource usage of its products, as well as decreasing greenhouse gasemissions and emission intensity. The primary sources of greenhouse gas emissions from the Company's production activities are fuel combus-tion and emissions from purchased electricity, such as carbon dioxide, methane, and nitrogen oxides.The Company fully integrates the concept of carbon neutrality into the planning, construction, management, and operation of the bonded area.By leveraging intelligent management, it strives for low-carbon development in logistics, a transition to green energy, and digital operationupgrades. The objective is to transform Xiamen Port Logistics' Xiangyu CBZ into the nation's ?rst "zero-carbon logistics park", featuring "greenlow-carbon, intelligent operations, and shared bene?ts", with complete photovoltaic energy coverage. It has transitioned stackers from oil toelectric ones to achieve full electri?cation of its equipment, and continuously promoted green operations and of?ce practices within the park.Xiamen Port Logistics' "zero-carbon CBZ" has been selected as a national third-batch intelligent photovoltaic pilot demonstration project,recognized as a model of green and low-carbon practice in 2022, and noted for related practices in Xiamen's ecological civilization constructionin 2023.
Table: The Company's climate change-related goals and achievements
61,082.66-3.79%47,288.6745,687.97-3.38%16,198.0115,394.69-4.96%
0.0286-3.50%
63,486.69
0.0276
Xiamen Ocean ShippingAgency:Construction ofa distributed photovol-taic power generationfacility
Installing a 115.92 kW distributedphotovoltaic power generationsystem on the rooftop of itsof?ce building
Completed on November 29.The electricity generation for the year2024 is 10,999.2 kWh
A total estimated annualgeneration of 130,000 kWh.The plan is to ?nalize theproject acceptance work.
Shihushan Terminal,Hailong Terminal: Appli-cation of electronicloaders
Shihushan Terminal andHailong Terminal plan topurchase nine 5-ton/7-tonelectric loaders annually.Over six years, they aim toreplace a total of 54 dieselunits with these green electricalternatives
Procured one 5G remote-controlledpure electric loader, ?ve 5-ton electricloaders and four 7-ton electric loaders
Plan to procure ten5-ton/7-ton electric loaders
Shihushan Terminal:
Clean energy dumptruck initiative
By 2025, Shihushan Terminalplans to replace 2 dump truckswith clean energy models, andby 2030, an additional 10 dumptrucks will be converted to cleanenergy
Procured two electric mining dumperPlan to procure three 105T or
above electric miningdumper
Xiamen Port Logistics:
Clean energy equipmentin logistics parks
Continuously advance theelectri?cation of empty contain-erhandlers, reach stackers, andforklifts in Xiamen Port Logistics.All new equipment shouldideally be electric-powered.Electric equipment is expectedto constitute 50% and over 70%of the total by 2025 and 2030,respectively
Procured ?ve electric forkliftsPlan to procure 10 electric
forklifts and one electricstacker
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Implementing entitiesand Programs
ContentAchievements in 2024
Achievements in 2024
Scheduled forImplementation in 2025
Xiamen PortShipping:
Strongly promotenew energy cleanport tugboats
Between 2024 and 2025, fourfully electric port tugboats willbe constructed. During the "15thFive-Year Plan" period, an addi-tional two new energy cleanport tugboats will be built
In August, contracts were signed topurchase four new energy tugboats.
Two 5000-horsepowertugboats will be delivered,and two 4400-horsepow-er tugboats will belaunched.
Implementing entitiesand Programs
ContentScheduled for
Implementation in 2025
Xiamen Port Transport:-Clean alternatives forin-Port container trac-tors
Aim to replace 72 in-use in-portcontainer tractors with electricalternatives by the end of 2025,ensuring that over 60% of thesetractors are powered by cleannew energy sources. By 2030,strive for 100% of in-portcontainer tractors to bepowered by clean new energy
N/APlan to procure 40 terminal
offset electric trailers
Unit20232024Year-on-year
Case
Total greenhouse gas emissionsTons of carbon dioxide equivalentScope oneTons of carbon dioxide equivalentScope twoTons of carbon dioxide equivalentGreenhouse gas emissionintensity
Calculation of greenhouse gas emissions: emission factor
Tons of carbon dioxide equivalent perRMB 10,000 operating revenue
The year 2025 is pivotal for thoroughly implementing the directives from the 20th CPC Central Committee's third plenary session, enhancingstate-owned enterprise reforms, and serving as the concluding phase of the "14th Five-Year Plan." It also sets a solid foundation for the "15thFive-Year Plan." The Company is committed to fully implementing the spirit of the 20th National Congress of the CPC and the third plenarysession of the 20th Central Committee. We aim to guide our efforts with the Party's political construction, focus on high-quality development,and deepen reform and innovation as driving forces. By actively aligning with major regional strategies, we will remain steadfast in ourobjectives, adhere to our strategic blueprint, and rapidly develop new integrated advantages in the "Silk Road Maritime" port, shipping, andtrade sectors.The year 2025 marks a crucial period for China's capital markets as they continue to implement the directives of the Central Financial WorkConference, the new "Nine Articles of the State", the "Six Rules for Mergers and Restructuring", and other key market value managementpolicies. The Company has announced plans for a major asset restructuring, aiming to capitalize on its listed company platform and thefundamental advantages of port resources to signi?cantly enhance its ESG management capabilities. The year 2025 is poised to be amilestone in the Company's development history."Though the dream is distant, persistence makes it attainable; though the goal is challenging, perseverance makes it achievable." In this criticalyear, as we accelerate momentum transformation, cultivate new production capabilities, and embark on asset restructuring, it is vital toreinforce our con?dence in development and maintain strategic focus. Let us embrace a proactive and ambitious spirit, advancing withcompetitive determination, and strengthen our sense of responsibility, mission, and urgency. By prioritizing action and accelerating ef?ciency,we will ensure the effective implementation of all work initiatives. This will expedite our high-quality development to new heights, contributingto Xiamen's role as a leading demonstration zone for high-quality development and emphasizing Fujian's leadership in China's journey towardmodernization, showcasing new responsibilities and achievements!
9897
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Outlook for 2025
10099
2024Primary indicator
Resourceutilization andrecyclingeconomy
Water resourcesutilization
Energy utilization
Recycling economy
EnvironmentalcompliancemanagementPollutant emissions
Waste disposal
Secondary indicatorTertiary indicatorUnit
1,402,1781,221,055181,12314,433.70
106.38
14,093.75,261.438,219.181,478.573,962.72
10.68
--6,927.73
116,079.0112,000.00104,079.01
661.75
365.62
269.79
42.00
175.50
25.92
0.42
27.00
5,929.00
Total water consumptionFresh water consumptionTotal reused waterDieselGasolinePhotovoltaic (power generation)Purchased electricity (external procurement)Total material consumption Non-renewable material consumptionConsumption of toxic and hazardous materialsPackaging material usedNon-recyclable packaging material usedTotal investment in environmental protectionMajor environmental eventsWastewater dischargeIndustrial wastewater dischargeDomestic sewage dischargeGeneral industrial solid waste disposalScrap iron disposalWaste wire rope disposalWaste wood disposalDomestic waste disposalShip waste disposalWaste aluminum cables disposalScrapped electronic equipment disposalWaste tires disposal
Major administrative penalties by environmentalprotection agencies
Photovoltaic (cumulative consumption of electricitygenerated)
Hazardous waste disposal (including waste oil,used ?lters, and spent batteries)
54.642
tontontontonton
tontontontontonRMB 10,000(s)tontontontontontontoncarcartontonset(s)ton
thousandkilowatt-hoursthousandkilowatt-hoursthousandkilowatt-hours
100.00
4,647
3,700
1,5281,4151,7043,446
1,1131,0832,325
100.00
32,118.00
188.35
2,2494,4573,680
By genderBy recruitmentchannel
By genderBy age
Byprofessionals
By educationallevel
By gender
RMB 10,000Numberof sessions
Employees
Employment
Employeecompensationand bene?tsEmployeedevelopmentand training
Total new employees
Labor contract signing rateTotal active employeesMinority employeesDisabled employees
Number of unresolved labor dispute casesNumber of employees voluntarily resignedEmployee social insurance coverage rateEmployee education expensesNumber of trainings heldNumber of trainees
Total number of paid vacation days for employeesthroughout the year
MaleFemaleFresh graduatesSocial recruitmentInternal recruitment andinternal transfer
peopleMaleFemale< 3535 - 45> 45Production staffSales staffTechniciansFinancial staffAdministrative staffGraduate degree and aboveBachelor degreeAssociate degreeHigh school and below
MaleFemale
people
people
people
people
people
people
%
people
people
people
people
people
people
people
people
people
people
people
people
people
people
people
people
(s)
people
%
days
people
people
people
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Appendices
Key performance
Environmental category
Social category
Pollutionprevention andecosystemprotection
2024Primary indicator
Secondaryindicator
Tertiary indicatorUnit
102101
3,99088,444
4,166.251,67028,7453,1444,6474,647
49.341
2,481
1,483
1,635
35.18
67.56
95.57
1,024
22.04
845.89
2,7502,726
2,750
By managementlevel
Senior management (includingsubsidiaries)Employeedevelopmentand training
Employeehealth andsafety
Democraticmanagementof employeesEmployeecare andsupportEmployeesatisfactionInnovativeR&D
By region
Intellectualproperty
Suppliermanagement
Number of suppliers
Number of suppliers whose cooperation was terminateddue to non-compliance
Middle managementGrassroots employees
peoplepeoplepeoplehour(s)hour(s)(s)RMB 10,000(s)(s)RMB 10,000(s)(s)peopledays(s)people%RMB 10,000people/people%RMB 10,000people(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)
1,1312,194.00
Supplier
Socialresponse
Suppliermanagement
SocialcontributionRural revitalization
(s)(s)(s)(s)RMB 10,000(s)(s)hourhourRMB 10,000
Total training hoursSafety training hours (Speci?cally safety training)Number of safety trainingNumber of participants in safety trainingInvestment in safety production expenses
Amount of investment in production safety liability insuranceNumber of employees covered by production safety liability insuranceNumber of production safety accidentsNumber of deaths due to workNumber of work days lost due to work-related injuries
Investing funds to help employees in needNumber of employees in need assistedEmployee satisfaction scoreNumber of employees participating in the surveyProportion of employees participating in the surveyTotal R&D investmentNumber of R&D personnelNumber of new utility model patentsCumulative number of utility model patentsNumber of newly added software copyrightsCumulative number of newly added software copyrights
Number of enterprises meeting safety productionstandardization standards
Frequency of employees participating in democraticmanagement activitiesNumber of employees participating in democraticmanagement activitiesProportion of employees participating in democraticmanagement activities
Number of suppliers reviewedNumber of potential suppliers removed due to non-compliance
China mainlandHong Kong, Macao and TaiwanOverseas
Employees
Innovation-driven andscienti?c andtechnologicalethics
Supplier
Number of suppliers with ISO 9000 certi?cationNumber of suppliers with ISO 14000 certi?cationNumber of suppliers with ISO 45001 certi?cationNumber of suppliers who have signed the Integrity AgreementInvestment in charity activitiesTotal number of charity activitiesNumber of volunteers participating in charity activitiesHours of volunteers participate in charity activitiesTime invested in communityInvestment in rural revitalization(support through consumption)
2024Primary indicatorSecondaryindicator
Tertiary indicatorUnit
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
2024Primary indicator
Secondaryindicator
Tertiary indicatorUnit
Number of employees covered by occupational injury insurance(Industrial injury insurance)Number of employees meeting the insurance purchase requirements(Industrial injury insurance)
104103
Governance category
77.78
33.33
3.83
Meetings
Proposals
Board compositionNumber of directorsBy genderBy age
By educationallevel
Composition of theSupervisory BoardBy genderBy age
Board ofDirectors,Board ofSupervisors,and seniormanagement
Partyleadership
Number of Party Committee meetingsNumber of Party branchesNumber of party membersTopics reviewed by Party committee (includingpreliminary research)Preliminary research and discussion of major businessmanagement matters
Compensation and EvaluationCommitteeStrategic Development and ESGCommittee
Strategic Development and ESGCommitteeCompensation and EvaluationCommittee
Proportion of external directorsProportion of independent directorsAverage tenure of board membersBoard member attendance rateBoard member turnover rate
(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)(s)peoplepeoplepeoplepeoplepeoplepeoplepeoplepeoplepeople%%years%%peoplepeoplepeoplepeoplepeople
Board of directorsAudit Committee
Board of SupervisorsShareholders meetingBoard of directorsAudit Committee
Board of SupervisorsMaleFemale
3536 - 50> 50PhDMaster degreeBachelor degree and below
Number of supervisors
Male
Female 35
36 - 50
Governancestrategy andstructure
2.25
4.25
465067 4583
By age
Senior managementBy genderBy age
Governancestrategy andstructure
Standardizegovernance
Investorrelations andinvestorrightsprotection
Board ofDirectors, Boardof Supervisors,and seniormanagement
Anti-commercialbribery andanti-corruption
By positionCompliance
Anti-Unfaircompetition
Investorrelationsmanagement
Proportion of external supervisorsProportion of employee supervisorsAverage tenure of supervisors
Average tenure of senior executives
Anti-commercial bribery and anti-corruption trainings
Total employees receiving anti-commercial bribery and
anti-corruption training
Legal and compliance training sessions
Hours of compliance training
Number of employees receiving legal and compliance training
Number of major lawsuits
Number of arbitration matters
Number of violations and penalties
Total penalties for violations
Number of roadshows
Number of investor communication meetings
Number of investors received
Number of platform responses
Number of investor calls received
Number of periodic reports disclosed
Number of temporary announcements issued
Number of shareholder meetings
(s)(s)(s)RMB(s)(s)people(s)(s)(s)(s)(s)
The amount of litigation or major administrative penalties
caused by the Company's unfair competition during the
reporting period
RMB
> 50people
%%yearspeoplepeoplepeoplepeoplepeoplepeopleyears(s)(s)(s)(s)(s)hour(s)
Number of senior managersMaleFemale
3536 - 50> 50
Senior managementEmployees
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
2024Primary indicator
Secondaryindicator
Tertiary indicatorUnit
2024Primary indicator
Secondaryindicator
Tertiary indicatorUnit
106105
Response to climate changePollutant emissionsWaste disposalEcosystem and biodiversity conservationEnvironmental compliance managementEnergy utilizationWater resources utilizationRecycling economyRural revitalizationSocial contributionInnovation-driven strategyScienti?c and technological ethicSupply chain securityEqual treatment of small and medium enterprises
Xiamen Port, the Company, our Company or We
Shihushan Terminal
Hailong Terminal
Chaozhou Port
Gulei PortHuajin TerminalHaihong TerminalHaixiang TerminalXiamen Port ShippingGulei TowingXiamen Ocean Shipping Agency (OSA)Xiamen OSA Customs BrokerXiamen OSA International FreightXiamen Ocean Shipping Tally (OST)
Xiamen OST Health QuarantineXiamen Port LogisticsXiamen Bonded LogisticsXiamen Port Transport
Xiamen Port Trading
Xiamen Haiheng
Xiamen Port Development Co., Ltd.Xiamen Port Group Shihushan Terminal Co., Ltd.Xiamen Hailong Terminal Co., Ltd.Chaozhou Port Development Co., Ltd.Zhangzhou Gulei Port Development Co., Ltd.Shishi Huajin Terminal Storage and Transportation Co., Ltd.Xiamen Haihong Petrochemical Terminal Co., Ltd.Xiamen Port Haixiang Terminal Co., Ltd.Xiamen Port Shipping Co., Ltd.Zhangzhou Gulei Towing Co., Ltd.China Xiamen Ocean Shipping Agency Co., Ltd.Xiamen OSA Customs Broker Co., Ltd.Xiamen OSA International Freight Co., Ltd.Xiamen Ocean Shipping Tally Co., Ltd.Xiamen OST Health Quarantine Technical Service Co., Ltd.
Xiamen Port Logistics Co., Ltd.Xiamen Port Bonded Logistics Co., Ltd.Xiamen Port Transport Co., Ltd.
Xiamen Port Trading Co., Ltd.Xiamen Port Haiheng Industrial Co., Ltd.
Response to climate changeReducing pollutant dischargeReducing pollutant dischargeStrengthen environmental managementStrengthen environmental managementStrict resource consumptionStrict resource consumptionStrict resource consumptionActively contributing to societyActively contributing to societyDriving the innovation engine
After evaluation, this issue is not of impact or ?nancial importance and is not disclosed in the report
Enhancing supply chain management
Enhancing supply chain management
Re?ned service qualityImproving employee well-beingSafeguarding employee health and safetySafeguard employees developmentLighting up employees' lives
After evaluation, this issue is not of impact or ?nancial importance and is not disclosed in the report
Communication with stakeholdersTransparent and steady operationTransparent and steady operation
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Index of indicators
Table: Shenzhen Stock Exchange's "Guidelines" Benchmark
Disclosure requirements
Company abbreviationCompany's full nameCorresponding chapter of this report
Product and service safety and quality
Data security and customer privacy protection
EmployeesDue diligenceCommunication with stakeholdersAnti-commercial bribery and anti-corruptionAnti-Unfair competition
Safeguarding employee health and safetyRe?ned service quality
De?nition
107108
Feedback
2024Environmental, Social and Governance ReportXiamen Port Development Co., Ltd.
Dear Stakeholders:
Thank you for reading the "Xiamen Port Development Co., Ltd. 2024 Environmental, Social, and Governance (ESG) Report". We are committedto providing valuable information to you and other stakeholders, and we aim to continuously enhance our performance in environmental,social, and governance areas. We sincerely invite your valuable feedback and suggestions on this report. We look forward to your insights andgreatly appreciate your ongoing support!
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DisclaimerThe information contained in this report does not constitute any investment advice. Investors should not replace theirindependent judgment or make decisions solely based on such information. The Company does not assume any responsibili-ty for losses that arise or may arise from the use of information in this report. The information published by the Company istrue and accurate. In the event of any inconsistency with statutory disclosure documents, the statutory disclosuredocuments shall prevail.If this report contains forward-looking statements, it does not constitute a constraint on the Company's future actions, andthe Company is not obligated and does not undertake to revise forward-looking statements (if any) contained in thisdocument.Copyright of images belongs to the original authors. Please inform us if there is any infringement so that we can remove it.