2023 Environmental, Social and Governance Report

Year: 2023
Published: 2024-04-12
Status: Processed

Extracted ESG KPIs

KPIs are organized by ESG aspects.

The types of emissions and respective emissions data.

Indicator Unit 2022 2023 Report Pages
Ammonia nitrogen emissions from wastewater tonne 1.41 3.41 73
Chemical oxygen demand (COD) in wastewater tonne 6.01 14.22 73
Gas emission MWh 97.25 158.66 72
Nitrogen emissions from wastewater tonne 8.7 73
Nitrogen oxide emissions (NOₓ) tonne 2.26 7.17 72
Particulate matter emissions tonne 1.98 21.42 72
Phosphorous emissions from wastewater tonne 0.05 0.09 73
Sulfur oxide emissions (SOₓ) tonne 0.51 1.2 72
Total exhaust emission million m³ 2028.07 2955.56 72
Volatile Organic compound emissions (VOC) tonne 0.52 1.3 72

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 2023 Report Pages
Carbon emissions reduction per tonne of magnetic steel products at Ganzhou factory % per year 8 23
Direct GHG emissions (Scope 1) tCO2e 2562 3221 4052 24, 72
GHG emission per RMB 1000 of revenue tCO2e/RMB'000 of revenue 0.022 0.015 0.013 24
GHG emissions per RMB 1000 of revenue tCO2e/RMB'000 of revenue 0.022 0.015 0.013 72
Indirect GHG emissions (Scope 2) tCO2e 88443 105925 79460 24, 72
Total GHG emissions tCO2e 91005 109146 83512 24, 72

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 2023 Report Pages
Hazardous waste treatment per RMB 1000 of revenue kg/RMB'000 of revenue 0.1 0.06 0.09 73
Total volume of hazardous waste treated tonne 407 463.27 606.99 73

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 2023 Report Pages
Non-hazardous treatment per RMB 1000 of revenue kg/RMB'000 of revenue 2.1 2.77 73
Non-hazardous waste tonne 10233 15077 18517.71 73
Non-hazardous waste by type - Domestic waste tonne 413 257.95 73
Non-hazardous waste by type - General industrial solid waste tonne 14380 17752.38 73
Non-hazardous waste by type - Kitchen waste tonne 284 507.38 73
Recovery rate of general industrial solid waste % 95.4 99 73

Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.

Indicator Unit 2021 2022 2023 Report Pages
Compliant treatment percentage of hazardous waste % 100 100 100 73
Hazardous waste by treatment method - Combustion (with heat recovery) tonne 4.14 444.25 73
Hazardous waste by treatment method - Combustion (without heat recovery) tonne 143.15 90.48 73
Hazardous waste by treatment method - Landfill tonne 5.24 5.65 73
Hazardous waste by treatment method - Other methods tonne 310.74 66.61 73
Wastewater treatment per RMB 1000 of revenue tonne/RMB'000 of revenue 0.06 0.05 0.05 73

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 2023 2025 Report Pages
Diesel consumption MWh 33.98 224.17 72
Electricity consumption reduction per production unit at Ganzhou factory compared with 2022 % 5 23
Energy consumption MWh 181069 199940 303609 72
Energy consumption per RMB 1000 of revenue MWh/RMB'000 of revenue 0.04 0.03 0.04 72
Natural gas consumption 1184947 1300453 2142977 72
Total direct energy consumption MWh 12830 14204 21579 72
Total indirect energy consumption (purchased electricity) MWh 168239 185736 282030 72

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2021 2022 2023 Report Pages
Total volume of wastewater treatment ten thousand tonnes 24.93 35.52 34.56 72
Water consumption tonne 732345 785400 1008951 72
Water consumption per RMB 1000 of revenue tonne /RMB'000 of revenue 0.19 0.11 0.15 72

Description of energy use efficiency target(s) set and steps taken to achieve them.

Indicator Unit 2021 2022 2023 2025 Report Pages
Existing automated equipment upgraded set 130 52 91 74
Increase in production efficiency per capita % 14 18.8 11.73 74
Investment in building the automation system RMB million 65 52.87 74
Natural gas consumption reduction per production unit at Ganzhou factory compared with 2022 % 10 23
New automated equipment independently developed set 250 342 441 74

Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced.

Indicator Unit 2024 Report Pages
Reduction of packaging material usage through lightweight design and recycling compared with 2023 tonnes 800 23
Reduction of traditional packaging materials compared with 2023 tonnes 30 23
Use of environmentally friendly packaging materials as percentage of total usage % 75 23

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.

Indicator Unit 2021 2022 2023 Report Pages
Amount of environmental protection investment RMB million 10.18 15.37 12.93 73
Investment in informatization and digitalization since 2021 RMB million 5.83 16.56 26.09 74

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Indicator Unit 2021 2022 2023 Report Pages
Comprehensive employee satisfaction % 86.74 86.89 80
Employee wage protection related agreement signing percentage % 100 100 79
Labor contract signing percentage % 100 100 100 79
New employees hired person 664 1971 1636 78
Number of employees person 3529 5003 5461 77
Number of employees by age - 30 or below person 1038 1509 1818 77
Number of employees by age - 31-40 person 1797 2467 2556 77
Number of employees by age - 41-50 person 651 976 1038 77
Number of employees by age - 51 or above person 43 51 49 77
Number of employees by category - Middle management person 190 253 310 77
Number of employees by category - Non-management staff person 3331 4742 5142 77
Number of employees by category - Senior management person 8 8 9 77
Number of employees by gender - Female person 1197 1642 1750 77
Number of employees by gender - Male person 2332 3361 3711 77
Number of employees by region - Inner Mongolia Autonomeonous Region person 354 1090 1331 77
Number of employees by region - Jiangxi province person 3148 3825 3938 77
Number of employees by region - Rest of China and overseas person 27 22 25 77
Number of employees by region - Zhejiang province person 66 167 77
Number of employees from the former national poverty county district person 2062 2296 2312 80
Number of new employees by age: 30 or below person 852 78
Number of new employees by age: 31-40 person 604 78
Number of new employees by age: 41-50 person 178 78
Number of new employees by age: 51 or above person 2 78
Number of new employees by category: Junior and Middle Management person 62 78
Number of new employees by category: Non-management staff person 1574 78
Number of new employees by gender: Female person 471 78
Number of new employees by gender: Male person 1165 78
Number of new employees by region: Inner Mongolia Autonomous Region person 673 78
Number of new employees by region: Jiangxi province person 846 78
Number of new employees by region: Rest of China and overseas person 4 78
Number of new employees by region: Zhejiang province person 113 78
Number of people awarded by the science and technology innovation award person 163 290 74
Percentage of female employee % 33.92 32.82 32.05 77
Percentage of female employee in middle management % 17.39 19.35 77
Percentage of female employee in non-management staff % 16.88 18.16 77
Percentage of female employee in sales, production and customer service department % 32.65 34.19 77
Percentage of female employee in senior management % 12.5 12.5 11.11 77
Percentage of female employee in technical department % 10.82 14.66 77
Percentage of internal recruitment % 23.19 22.18 79
Ratio of the total share capital % 2 0.34 0.25 79
Social Insurance and Provident Fund contribution percentage % 100 100 79
The percentage of signing contracts related to the protection of female employees' special rights and interests % 100 100 79
Vested restricted shares million shares 5 2.83 3.38 79

Employee turnover rate by gender, age group and geographical region.

Indicator Unit 2021 2022 2023 Report Pages
Employee turnover person 653 941 77
Employee turnover by age: 30 or below person 250 396 78
Employee turnover by age: 31-40 person 318 427 78
Employee turnover by age: 41-50 person 83 112 78
Employee turnover by age: 51 or above person 2 6 78
Employee turnover by gender - Female person 233 311 77
Employee turnover by gender - Male person 420 630 77
Employee turnover by region: Inner Mongolia Autonomous Region person 115 304 78
Employee turnover by region: Jiangxi province person 537 622 78
Employee turnover by region: Rest of China and overseas person 3 78
Employee turnover by region: Zhejiang province person 2 12 78
Employee turnover rate % 8.88 11.57 78
Employee turnover rate by age: 30 or below % 12.09 9.58 12.97 78
Employee turnover rate by age: 31-40 % 9.76 8.98 11.45 78
Employee turnover rate by age: 41-50 % 7.86 7.18 8.61 78
Employee turnover rate by age: 51 or above % 4.55 4 11.76 78
Employee turnover rate by gender: Female % 10.93 9.78 12.2 78
Employee turnover rate by gender: Male % 9.8 8.44 11.28 78
Employee turnover rate by region: Inner Mongolia Autonomous Region % 0.45 5.87 12.53 78
Employee turnover rate by region: Jiangxi province % 11.15 10.13 11.37 78
Employee turnover rate by region: Rest of China and overseas % 6.9 10.7 78
Employee turnover rate by region: Zhejiang province % 2.67 5.69 78

Number and rate of work-related fatalities occurred in each of the past three years including the reporting year.

Indicator Unit 2022 2023 Report Pages
Number of work-related loss events 68 23 76

Lost days due to work injury.

Indicator Unit 2021 2022 2023 Report Pages
Time lost due to work injuries day 657 1394 893 76

Description of occupational health and safety measures adopted, and how they are implemented and monitored.

Indicator Unit 2021 2022 2023 Report Pages
Coverage of three-level safety education training for new employees % 100 100 76
Emergency drill for confined space accidents times 1 2 80
Employees covered by health training sessions person 4879 6039 76
Investment in equipping, maintaining and maintaining emergency rescue equipment, equipment and emergency exercises RMB million 0.33 0.45 76
Investment in health and safety projects RMB million 7.19 9.04 11.96 76
Investment in improving, renovating and maintaining safety protection facilities and equipment RMB million 0.12 0.32 76
Investment in inspection of safety facilities and special equipment RMB million 0.49 0.51 76
Investment in publicity, education, training and activities related to workplace safety RMB million 0.04 0.16 76
Number of comprehensive emergency rescue drills times 1 2 3 80
Number of emergency drills times 14 37 80 80
Number of on-site emergency response drills times 8 19 49 80
Number of special drills for hazardous chemical leaks times 1 2 8 80
Number of special fire emergency drills times 4 13 21 80
Occupational health management (including occupational-disease-inductive factor test and assessment, occupational health examination fee) RMB million 0.3 0.47 76
Other Investment directly related to work safety RMB million 0.26 0.09 76
Outlay for equipping and updating safety protective equipment for field workers RMB million 5.31 6.53 76
Percentage of safety management personnel obtaining certifications % 100 100 76
Potential hazard correction percentage % 100 100 76
Regular checkup percentage of special equipment certification % 100 100 76
Special equipment forensics, determination percentage % 100 100 76
Work safety inspection and evaluation (excluding safety evaluation of new construction, reconstruction and expansion projects), consultation and standardization construction expenditures RMB million 0.14 0.28 76
Year-on-year increase of investment in health and safety projects % 26.34 32.22 76

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Indicator Unit 2021 2022 2023 Report Pages
Employee training activities item 677 1057 80
Equity vested incentivize employee numbers person 220 220 212 79
Improvement week training activities conducted time 198 328 74
Number of junior and middle management trained person 190 253 310 79
Number of non-management staff trained person 3331 4742 5142 79
Number of senior management trained person 8 8 9 79
Percentage of employee trained by gender: Female % 32.82 32.05 79
Percentage of employee trained by gender: Male % 67.18 67.95 79
Proportion of junior and middle management trained % 5.06 5.68 80
Proportion of non-management staff trained % 94.78 94.16 80
Proportion of senior management trained % 0.16 0.16 80
R&D investment as a percentage of revenue % 3.93 4.71 5.29 74

The average training hours completed per employee by gender and employee category.

Indicator Unit 2021 2022 2023 Report Pages
Amount of bonus awarded for the science and technology innovation awards RMB million 1.45 1.27 2.11 74
Female employees average hours of training hour 183.93 155.65 160.46 79
Hours of training per capita hour 183.93 155.65 160.46 79
Junior and Middle management average hours of training hour 201.63 169.59 215.17 79
Male employees average hours of training hour 183.93 155.65 160.46 79
Non-management staff average hours of training hour 182.03 154.99 157.23 79
Number of employee trained person 3529 5003 5461 79
Number of employee trained by gender: Female person 1197 1642 1750 79
Number of employee trained by gender: Male person 2332 3361 3711 79
Percentage of employee trained % 100 100 100 79
Safety and health training sessions 6 23 95 76
Senior management average hours of training hour 112 104.94 121 79
Total hours of training for employees hour 649272.9 778730.74 876282.26 79
Total hours of training for employees by gender: Female hour 220164.21 255581.83 280808.3 79
Total hours of training for employees by gender: Male hour 429108.69 523148.91 595474.06 79
Year-on-year increase percentage of R&D investment % 55.23 1101.71 5.04 74
Year-over-year increase rate of training hours for employees % 29.89 19.94 12.53 79

Number of suppliers by geographical region.

Indicator Unit 2021 2022 2023 Report Pages
Number of suppliers 148 304 1412 74
Number of suppliers in Central China 51 17 33 75
Number of suppliers in East China 51 175 814 75
Number of suppliers in North China 17 50 316 75
Number of suppliers in South China 24 52 227 75
Number of suppliers in West China 5 10 22 75
Percentage of local suppliers % 39.8 40.5 75

Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored.

Indicator Unit 2022 2023 Report Pages
Percentage of timely procurement delivery % 96.76 98.2 75
Supplier quality management training sessions 8 9 75

Number of products and service related complaints received and how they are dealt with.

Indicator Unit 2021 2022 2023 Report Pages
Average delivery time of products shortened than previous year day 2 0.5 1 75
Customer complaint resolution rate % 100 100 75
Customer satisfaction point 98 98 75
On-time delivery percentage % 99.3 99.7 75
Production of high-performance REPM utilizing GBD technology - Annual production tonne 6064 9965 13226 74
Production of high-performance REPM utilizing GBD technology - Percentage of the Company's total product output in the same period % 58.73 77.94 87.28 74
Production of high-performance REPM utilizing GBD technology - Year-over-year increase % 47.51 64.33 32.72 74

Description of practices relating to observing and protecting intellectual property rights.

Indicator Unit 2021 2022 2023 Report Pages
Cumulative investment of R&D in recent three years RMB million 328 600 851 74

Description of quality assurance process and recall procedures.

Indicator Unit 2022 2023 Report Pages
Pass rate for other raw materials % 100 99.9 75
Pass rate for rare earth raw materials % 100 97.24 75
Quality improvement incentive bonus RMB million 1 1 74
Quality management process correction percentage % 100 100 74
Quality management process inspection timeliness percentage % 100 100 74

Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases.

Indicator Unit 2021 2022 2023 Report Pages
Total tax contribution since the Company was established RMB million 645 830 982 80

Description of anti-corruption training provided to directors and staff.

Indicator Unit 2022 2023 Report Pages
Percentage of employees covered by business ethics training % 100 100 80

Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport).

Indicator Unit 2021 2022 2023 Report Pages
Amount of community investment RMB million 2.14 1.21 0.69 80
Cumulative number of scholarship offered person-time 840 914 1060 80
Number of Group awards item 83 122 79
Number of Individual awards item 208 275 79
Number of science and technology innovation awards evaluated by the Company 24 24 35 74

Resources contributed (e.g. money or time) to the focus area.

Indicator Unit 2021 2022 2023 Report Pages
Amount of investing in R&D RMB million 160 337 354 74
Cumulative amount of scholarship RMB million 2.2 3.08 3.76 80
Other (health and security projects investment by type) RMB million 2.05 3.15 76

The types of emissions and respective emissions data.

Standard Indicator Unit 2022 2023
Airborne Particulate Matter (PM) Emissions tonne 1.98 21.42
NOₓ Emissions tonne 2.26 7.17
SOₓ Emissions tonne 0.51 1.2

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2021 2022 2023
Direct GHG Emissions (Scope 1) tCO2e 2562 3221 4052
Indirect Energy Emissions (Scope 2) tCO2e 88443 105925 79460
Total GHG Emissions tCO2e 91005 109146 83512
Total GHG Emissions Intensity (By Revenue) tCO2e/RMB'000 of revenue 0.022 0.015 0.013

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2021 2022 2023
Total Hazardous Waste tonne 407 463.27 606.99
Total Hazardous Waste Intensity (By Revenue) kg/RMB'000 of revenue 0.1 0.06 0.09

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2022 2023
Non-Hazardous Waste (Domestic Waste) tonne 413 257.95
Non-Hazardous Waste (Kitchen Waste) tonne 284 507.38
Total Non-Hazardous Waste Intensity (By Revenue) kg/RMB'000 of revenue 2.1 2.77

Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.

Standard Indicator Unit 2022
Hazardous Waste Intensity Reduction Compared to Last Year (By Revenue) % 16.67
Hazardous Waste Intensity Reduction Percentage Compared to Last Year % 16.67

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2021 2022 2023 2025
Diesel Fuel Consumption MWh None 33.98 224.17
Energy Consumption Intensity (By Revenue) MWh/RMB'000 of revenue 0.04 0.03 0.04
Natural Gas Consumption 1184947 1300453 2142977
Total Direct Energy Consumption MWh 12830 14204 21579
Total Electricity Consumption Intensity (By Unit Product) % reduction compared with 2022 5
Total Energy Consumption MWh 181069 199940 303609
Total Indirect Energy Consumption MWh 168239 185736 282030

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2021 2022 2023
Total Wastewater Discharge tonne 249300 355200 345600
Water Consumption tonne 732345 785400 1008951
Water Consumption Intensity (By Revenue) tonne/RMB'000 of revenue 0.19 0.11 0.15

Description of energy use efficiency target(s) set and steps taken to achieve them.

Standard Indicator Unit 2022 2023
Investment in Energy-saving and Emission-reduction Technology Transformation RMB million 65 52.87

Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced.

Standard Indicator Unit 2024
Packaging Material Savings tonnes 800

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.

Standard Indicator Unit 2021 2022 2023
Total Investment in Ecological Restoration RMB million 10.18 15.37 12.93

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Standard Indicator Unit 2021 2022 2023
Number of Employees Aged 30-50 person 2448 3443 3594
Number of Employees Aged Above 50 person 43 51 49
Number of Employees Aged Below 30 person 1038 1509 1818
Number of Female Employees person 1197 1642 1750
Number of General Employees person 3331 4742 5142
Number of Male Employees person 2332 3361 3711
Number of Middle Management Employees person 190 253 310
Number of New Employees person 664 1971 1636
Number of New Employees (Above 50) person 2
Number of New Employees (Aged 30-50) person 782
Number of New Employees (Aged Below 30) person 852
Number of New Employees (Female) person 471
Number of New Employees (Mainland China) person 1632
Number of New Employees (Male) person 1165
Number of New Employees (Middle Management) person 62
Number of New Employees (Overseas) person 4
Number of Senior Management Employees person 8 8 9
Number of Total Employees person 3529 5003 5461
Percentage of Employees Aged 30-50 % 69.41 68.84 65.83
Percentage of Employees Aged Above 50 % 1.22 1.02 0.9
Percentage of Employees Aged Below 30 % 29.42 30.17 33.3
Percentage of Female Employees % 33.92 32.82 32.05
Percentage of Male Employees % 66.08 67.18 67.95

Employee turnover rate by gender, age group and geographical region.

Standard Indicator Unit 2021 2022 2023
Turnover Rate of Employees Aged 30-50 % 9.76 8.98 11.45
Turnover Rate of Employees Aged Above 50 % 4.55 4 11.76
Turnover Rate of Employees Aged Below 30 % 12.09 9.58 12.97
Turnover Rate of Female Employees % 10.93 9.78 12.2
Turnover Rate of Male Employees % 9.8 8.44 11.28
Turnover Rate of Total Employees % None 8.88 11.57

Lost days due to work injury.

Standard Indicator Unit 2021 2022 2023
Lost Days Due to Work-related Injuries day 657 1394 893

Description of occupational health and safety measures adopted, and how they are implemented and monitored.

Standard Indicator Unit 2021 2022 2023
Investment in Work Safety RMB million 7.19 15.03 19.77
Number of People Receiving Training on Work Safety person 4879 6039
Number of Production Safety Emergency Drills times 14 37 80

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Standard Indicator Unit 2022 2023
Percentage of Trained Female Employees % 32.82 32.05
Percentage of Trained General Employees % 94.78 94.16
Percentage of Trained Male Employees % 67.18 67.95
Percentage of Trained Middle Management % 5.06 5.68
Percentage of Trained Senior Management % 0.16 0.16

The average training hours completed per employee by gender and employee category.

Standard Indicator Unit 2021 2022 2023
Average Training Hours (Female) hour 183.93 155.65 160.46
Average Training Hours (General Staff) hour 182.03 154.99 157.23
Average Training Hours (Male) hour 183.93 155.65 160.46
Average Training Hours (Middle Management) hour 201.63 169.59 215.17
Average Training Hours (Senior Management) hour 112 104.94 121
Average Training Hours per Employee hour 183.93 155.65 160.46
Total Training Hours hour 649272.9 778730.74 876282.26

Number of suppliers by geographical region.

Standard Indicator Unit 2021 2022 2023
Number of Suppliers in Central China 51 17 33
Number of Suppliers in East China 51 175 814
Number of Suppliers in North China 17 50 316
Number of Suppliers in South China 24 52 227
Number of Suppliers in West China 5 10 22
Number of Total Suppliers 148 304 1412
Proportion of Spending on Local Suppliers % 39.8 40.5

Description of practices relating to engaging suppliers, number of suppliers where the practices are being implemented, and how they are implemented and monitored.

Standard Indicator Unit 2022 2023
Number of Supplier Social Responsibility Training Sessions 8 9

Number of products and service related complaints received and how they are dealt with.

Standard Indicator Unit 2022 2023
Complaints Handling Rate % 100 100

Description of anti-corruption training provided to directors and staff.

Standard Indicator Unit 2022 2023
Coverage Rate of Ethical Standards and Anti-Corruption Training % 100 100
Coverage of Anti-corruption Training for Employees % 100 100

Resources contributed (e.g. money or time) to the focus area.

Standard Indicator Unit 2021 2022 2023
Investment in Education Donation RMB million 2.2 3.08 3.76