虹美菱B(200521):2025年度环境、社会及公司治理(ESG) 报告（英文）
原标题:虹美菱B:2025年度环境、社会及公司治理(ESG) 报告（英文） of this Report, certain disclosures appropriately reference data Introduction from previous years or includes forward-looking descriptions. This report is the third Environmental, Social and The preparation of this Report covers Changhong Meiling and Governance (ESG) Report (hereinafter the "ESG Report" its subsidiaries. Unless otherwise specified, the statistical scope or the "Report") released by Changhong Meiling Co., Ltd. aligns with the annual report. Prepared in accordance with the principles of objectivity, standardization, transparency, and comprehensiveness, Data Description this Report provides a detailed disclosure of the Company's The data used in this Report is sourced from the Company's practices and performance in environmental, social, and operational raw data, publicly available government data, annual governance aspects for the year 2025. financial data, internal statistical reports, and other relevant sources. Financial data in this Report is denominated in RMB. In Preparation Basis case of any discrepancies with the financial report, the financial Self-Regulatory Guidelines No. 17 for Companies Listed on report shall prevail. Shenzhen Stock Exchange — Sustainability Report (Trial) issued by the Shenzhen Stock Exchange (hereinafter referred Definitions to as the " Guidelines") Self-Regulatory Guidance No. 3 for Companies Listed on Terms to be defined Definition Shenzhen Stock Exchange — Preparation of Sustainability Changhong Meiling, Report issued by the Shenzhen Stock Exchange Changhong Meiling Co., Ltd.the Company, we Changhong Air Sichuan Changhong Air Conditioner Co., China Corporate Sustainability Reporting Guide (CASS-ESG Conditioner Ltd. 6.0) issued by the China Enterprise Reform and Development Zhongshan Changhong Zhongshan Changhong Electric Co., Ltd. Society, and Zeren Yun Research Institute Zhongke Meiling Cryogenic Technology Co., Zhongke Meiling Sustainability Reporting Standards (GRI Standards 2021) Ltd. issued by the Global Reporting Initiative (GRI) Changmei Living Hefei Changhong Meiling Life Appliances Appliances Co., Ltd. United Nations 2030 Sustainable Development Goals (SDGs) Jiangxi Meiling Jiangxi Meiling Electric Appliance Co., Ltd.Sustainability Accounting Standards Board Standards (SASB Mianyang Meiling Mianyang Meiling Refrigeration Co., Ltd. Standards) Hefei Industrial Hefei Changhong Industry Co., Ltd. Changhong Meiling Ridian Technology Co., International Financial Reporting Sustainability Disclosure Ridian Technology Ltd. Standards No. 1 — General Requirements for Disclosure of Sichuan Hongmei Intelligent Technology Sustainability-related Financial Information (IFRS S1) and Hongmei Intelligent Co., Ltd. International Financial Reporting Sustainability Disclosure Standards No. 2 — Climate-related Disclosures (IFRS S2) issued by the International Sustainability Standards Board (ISSB) Report Access and Feedback Guiding Opinions on Central Enterprises' Fulfillment of This Report is published in electronic format and can be High-Standard Social Responsibility in the New Era issued accessed and downloaded from the Shenzhen Stock Exchange by the State-owned Assets Supervision and Administration website (www.szse.cn) or the Juchao Information website Commission of the State Council (www.cninfo.com.cn). If you have any comments or suggestions regarding this Report or the Company's social responsibility Report Scope performance, please email us at info@meiling.com, or call 0551-The reporting period of this Report is from January 1, 2025, 62219021. to December 31, 2025 (referred to as the "Reporting Period"). To enhance the comparability and forward-looking nature 2025 was a crucial year for bringing the 14th Five-Year Plan to a successful conclusion and a pivotal year for Changhong During the year, we We consistently regarded green development as one of our core strategies and remained remained committed to committed to reducing the environmental impact of our products and operations across the full Meiling to accelerate its leapfrog development and achieve new breakthroughs. In the face of a rapidly changing market our mission and advanced lifecycle. We strictly complied with environmental regulations and continuously strengthened environment, we remained firmly committed to high-quality development. Focusing on four key dimensions—compliant green development in a pollution prevention and control. Following a development path centered on energy conservation, solid and orderly manner. governance, intelligent transformation, low-carbon development, and social responsibility—we advanced our ESG resource efficiency, and circularity, we integrated green development concepts throughout the strategy in a coordinated manner, steadily fulfilled our ESG responsibilities, and continued to create diversified value, entire lifecycle, covering raw material procurement, product design, manufacturing, packaging and delivering solid results amid challenges and forging ahead with strong momentum.logistics, and product recycling. We continued to promote the green upgrading of our products and injected strong momentum into the Company's low-carbon transformation through concrete actions to protect the environment. During the year, we We consistently regarded compliant operations as the lifeline of the Company's maintained strong development. On this basis, we further improved our corporate governance structure, governance discipline and refined the operating mechanisms of the shareholders' meeting, the Board of Directors, continuously improved and management, clarified the boundaries of powers and responsibilities at each level, During the year, we We attached great importance to supply chain development and worked closely with our partners governance effectiveness. actively fulfilled our and enhanced the scientific rigor, standardization, and efficiency of decision-making. to practice responsible procurement and build a green, secure, and sustainable supply chain. responsibilities and We also strengthened our internal control, compliance, and risk management systems, We adhered to a people-oriented philosophy by protecting employees' rights and interests and continued to create value reinforced the “three lines of defense" for risk prevention and control, and upheld providing broad platforms for their growth and development. We also actively fulfilled our social for stakeholders. business ethics. We also continued to improve investor relations management, ensured responsibilities by supporting rural revitalization and participating in public welfare initiatives, compliant and transparent information disclosure, and effectively safeguarded investor demonstrating corporate care through concrete actions. In doing so, we generated social value interests. while creating economic value and contributed to building a better society.During the year, we We remained committed to enabling product renewal through technological pursued excellence breakthroughs. The Meiling M Fresh Ultra 501S refrigerator pioneered a new industry With solid development Looking ahead, Changhong Meiling will remain firmly committed to high-quality development, and sustained strong momentum and paradigm with its all-scenario freshness-preservation technology, while the Blue Oxygen with product innovation as the core driver, digital transformation as the underpinning, and talent innovation momentum. a keen awareness Garment-Care Washer made its global debut, setting a new benchmark for the industry. development as the foundation. We will continue to deepen green technology innovation and of the significant Guided by our user-centered philosophy, we comprehensively advanced the “Quality advance low-carbon practices across the entire value chain. By leveraging strong technological responsibilities we Improvement Year" initiative, accelerated the digital transformation of marketing, capabilities to drive the industry toward higher-end, smarter, and greener development, fulfilling bear, we are embarking and advanced the full online, mobile, and data-driven transformation of our business our ESG commitments through pragmatic actions, rewarding shareholders' trust with solid on a new journey with renewed determination. operations. Through stronger innovation capabilities and a steadfast commitment to performance, and responding to social expectations with a strong sense of responsibility, we will quality, we continued to enhance users' experience of better living. strive to write a new chapter of sustainable development for Changhong Meiling in advancing Chinese modernization. Meiling 2025 Milestones ESG Management Governance Structure In response to sustainable development trends and in compliance with national laws, regulations and governance requirements for listed companies, Changhong Meiling formulated a clear sustainability strategy. This involved systematically enhancing The Company has established a "three-tier linkage mechanism" for sustainability governance composed of the Board of its ESG management system, conducting a materiality assessment, and deeply integrating ESG principles into its corporate Directors, the ESG Management Committee, and the ESG Working Group. Within this structure, the Board of Directors serves as governance. the highest responsibility body. The ESG Management Committee, formed by key members of the Board, acts as the overarching leadership body for ESG initiatives. Under the ESG Management Committee, the ESG Working Group is responsible for the daily execution of the Committee's affairs, implementation of resolutions, and advancement of related tasks. This ensures the effective implementation of strategic plans and management requirements set by the ESG Management Committee. This tiered and Sustainability Strategy specialized ESG governance framework provides solid organizational support for achieving sustainability goals. Guided by its vision and mission of "Meiling, Let Better Days Come," and anchored in its core positioning of "Smart Enjoyment of Tier Organizational Name Scope of Responsibilities Changhong Meiling Participates in ESG Training Changhong Meiling Awarded the Top 100 of the 3rd Guoxin Cup ? ESG Golden Bull Award Materiality Assessment Due Diligence and Stakeholder CommunicationIn accordance with the requirements of Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange — Sustainability The Company conducted on-site due diligence with stakeholders including heads of departments and key employees, Company Report (Trial), Self-Regulatory Guidance No. 3 for Companies Listed on Shenzhen Stock Exchange — Preparation of Sustainability Report suppliers, and shareholders. Background research was carried out on the sustainability context of the regions where the Company issued by the Shenzhen Stock Exchange and Reference Indicator System for ESG Special Reports of Central Enterprises Controlled Listed operates, industry characteristics, and the full product lifecycle. The Company conducted in-depth analysis of local policy guidance Companies issued by the General Office of the State-owned Assets Supervision and Administration Commission of the State Council, the documents, industry standards and regulatory requirements, topic lists and weighting methodologies adopted by internationally Company conducted its materiality assessment by taking into account industry characteristics, actual operating conditions, and its business recognized ESG rating agencies, and ESG reports of peer companies, with a focus on key factors that may affect ESG topic selection as model. The Company also incorporated its strategic development priorities and the key concerns of both internal and external stakeholders, well as associated risks and opportunities. Through online questionnaires, the Company collected views from internal stakeholders and adopted a dual materiality assessment framework. Based on this process, a total of 21 material topics related to Environmental, Social regarding financial materiality and from external stakeholders regarding impact materiality, in order to ensure the comprehensiveness and Governance (ESG) were identified. and accuracy of ESG topic identification. Changhong Meiling Dual Materiality Matrix
activities
Organizational Structure Chart industry experience, actively building a diverse, complementary, balanced, and inclusive Board team. Establish a scientific evaluation mechanism to conduct regular assessments of Board members, ensure that they devote sufficient time and energy to the Company's affairs, and guarantee the effectiveness of their performance of duties.In 2025, the size and composition of the Board fully complied with applicable laws, regulations, and the Articles of Association. The Board maintained a standardized governance structure and diversified composition, effectively safeguarding scientific decision- making and governance effectiveness. Board of Board of Management Shareholders Directors Mitigation Measures Building a Robust Risk Control Defense Line Opportunity Description Severity TimeframeStrengthen awareness of discipline and rules. Changhong Meiling consistently adheres to integrity-based operations and maintains compliance as a core business principle. Compliance Unethical behavior by company Continuously enhance the integrity and risk concepts are integrated into all aspects of operations and management through continuous improvement of compliance operating employees may lead to a decline prevention awareness of management and Staff Integrity Risk Medium Long-term mechanisms, stronger compliance risk prevention, enhanced compliance review procedures, and deeper development of compliance in consumer recognition of the staff through measures such as signing Integrity culture, thereby promoting high-quality corporate development through efficient compliance management. Company brand. Undertakings and conducting integrity education and training. Compliance Management Management of Impacts, Risks and Opportunities Related to Compliance Operation Governance Related to Compliance Operations The Company has established an integrated compliance, risk control, and internal control management system that is risk-oriented, The Company has established a comprehensive compliance management system, including the Basic Compliance and Risk Control compliance-focused, and internal control-driven. This system features scientifically designed management bodies with clearly defined Management System, the Measures for Compliance Review Management, the Detailed Rules for Compliance and Risk Control Work, responsibilities and appropriately allocated personnel. Based on three risk levels—low, medium, and high—a "three lines of defense" the Standards for the Internal Control System, the Measures for the Management of Compliance and Risk Control Administrators, and the Measures for Investigating Liability for Non-compliant Business Operations and Investments. These systems form an institutional framework for compliance and risk control management has been constructed, comprising business departments, the Compliance and framework covering key areas such as investment, operations, risk control, and human resources, ensuring that compliance requirements Risk Control Department, the Audit and Supervision Department, and decision-making bodies. Compliance review is embedded into are embedded throughout all operational processes. operational management processes as a mandatory procedure for critical business activities, including the formulation of core policies, To ensure sustainable compliant operations, risk management is treated as a primary task. The goal is to establish a closed-loop risk The Company held the 2025 Internal Auditor Training for the Management Systemmanagement mechanism of "risk identification – remediation – tracking and early warning – remediation verification," build a risk management system encompassing risk identification, assessment, monitoring, and response, and implement a regular risk reporting mechanism to ensure transparent risk information and timely decision-making.Types of Risk and Risk and Opportunity Impact Impact Mitigation Measures Opportunity Description Severity Timeframe In 2025, the Company completed all target tasks related to compliance governance. No major litigation, arbitration, or other risk events Changes in domestic and occurred during the reporting period, and no violations or penalties were recorded, with no fines incurred. international laws and regulations Closely monitor changes in relevant policies Policy and Medium to (e.g., Anti-Monopoly Law) may Medium and regulations, and implement preventive risk Long Term Regulatory Risk lead to increased compliance measures in advance. costs. taxation, export controls, etc., Medium to mechanism, and formulate differentiated policy Policy and Medium potentially leading to surging Long Term response plans for key markets; leverage a Over the next 3-5 years, the Company will continue to focus on the objectives of "Stable Operations, Compliant Management, Asset Compliance Risk export costs, supply chain diversified supply system and accelerate the Security, and Strategic Realization." It commits to adhering to laws, regulations, industry supervisory requirements, and internal rules restructuring, and restricted regionalization of supply chain layout to reduce and systems, aiming to achieve zero occurrences of major operational risk events.market access. reliance on any single market. Internal Control Investor Relations Management In accordance with the Basic Standards for Enterprise Internal Control and relevant governmental policy directives, the Company has The Company has established policies including the Investor Relations Management Policy, the Reception and Promotion Work Policy, formulated various internal control systems, including the Basic Compliance and Risk Control Management System, the Measures for and the Brand Crisis Early Warning Management Regulations, diligently carrying out all aspects of investor relations management. We Compliance Review Management, the Standards for the Internal Control System, and the Risk Management Policy. These documents engage with investors through various channels such as the Shenzhen Stock Exchange's "Interactive Easy" platform, hotline, email, define internal control governance bodies, division of responsibilities, management principles, operational requirements, and procedural arrangements. The Company's internal control system consists of the Board of Directors (providing guidance and evaluating internal control institutional research meetings, brokerage strategy conferences, reverse roadshows, and earnings briefings. We actively listen to effectiveness), the Compliance and Risk Control Department (the primary responsible department), the Audit Department (the department investors' opinions and suggestions to deepen communication. The Company strengthens public sentiment management through organizing internal control evaluations), and various functional departments (departments responsible for implementing and executing internal proactive monitoring, real-time handling, and post-event follow-up, providing appropriate responses promptly to guide positive controls). Internal control audits are conducted at both internal and external levels, encompassing comprehensive audits and inspections discourse and effectively prevent and properly manage reputational risks.across areas such as production and warehousing, procurement and payments, sales and receivables, research and development, and capital and investment. For key domains—including tender-based procurement, financial management, personnel management, service management, and safety management—as well as for high-risk business activities, specific operational policies or specialized guidelines have system, to effectively monitor the signing and fulfillment of contracts and prevent disputes or inadequate performance. Monthly screening for significant risks is conducted, with remediation measures formulated and advanced monthly for identified risk issues. The Company places The Company earnestly fulfills its tax obligations, declares tax information in a timely and accurate manner, conducts tax declaration and tax
Digital Digital Digital Digital Supply Manufactur- marketing R&D Chain ing Using an intelligent transaction platform as the hub, the Based on the IPD (Integrated Product Development) Through deep application of the MES system and industrial Based on the industrial internet platform, the Company Company launched the unified business portal "Xinhongye project management system, the Company promoted the big data platform, the Company promoted deployment upgraded and promoted the ISRM intelligent supply APP" and upgraded the user-side smart home application, launch of a new product trial production control system, of the DQS digital quality management system and the chain management platform, building a unified data further deepening the "C+3 customer order model." AI tools forming an integrated digital R&D and manufacturing carbon asset full life-cycle management platform. This hub. Through continuous optimization of procurement, are systematically applied for scenario-based marketing system with: IPD as the framework; a collaborative forms a digital transformation matrix covering production inventory, and logistics decisions using data models, and user acquisition, building a digital marketing system. platform as the linkage mechanism; trial production and operations, quality control, and carbon asset management. the Company established a digital supply chain system asset management systems as support. covering the entire process.Management of Impacts, Risks, and Opportunities Related to Product and Service Safety and Quality Pursuing Excellence in Quality The Company strictly complies with national laws and regulations, including the Regulations on Supervision and Administration of Under the theme of "Quality as the Foundation, Users as the Priority," Changhong Meiling fully implements its corporate value of "user- Industrial Product Manufacturers' Implementation of Primary Responsibility for Quality Safety. It has formulated internal systems centered" development, comprehensively advancing the "Year of Quality Improvement" initiative. Through a sound quality governance including the Quality Work Guidelines, the Quality Management System, the Quality Supervision and Management Standards, and the framework, strict internal control standards, and full-process quality monitoring, the Company is committed to providing customers Comprehensive Quality Risk Management and Control Measures. These systems clarify quality objectives, management principles, and with safe, reliable, and high-quality products and services. supervision mechanisms, and implement quality control throughout the entire product life cycle, including design, manufacturing, sales and other stages. The Company has formulated and decomposed annual quality targets, tracking and ensuring their effective fulfillment on a monthly basis. It has implemented a quality risk management system covering emergency response and closed-loop Product Quality Assurance rectification to strengthen quality risk prevention. The Company formulated the Procedure for Inspection and Testing to standardize the processes of product quality inspection and testing. A high-standard quality control system spanning the entire value chain has Governance Related to Product and Service Safety and Quality been formed, with testing capabilities accredited by CNAS, the Ministry of Industry and Information Technology Laboratories, and recognized against standards such as CSA, BV, and ERP. The Company has also built a quality knowledge base, deepened its Quality The Company has established a Quality Committee, chaired by the President, as the highest decision-making body for quality Month activities, and enhanced the professional skills of quality management personnel, thereby systematically elevating the overall management, responsible for overall quality planning and major decision-making. The Quality Assurance Department, as the quality management capability. execution body, is responsible for supervision of system operation and risk control, while each business division and subsidiary assumes primary quality responsibility, forming a closed-loop quality management mechanism from decision-making to execution.competitiveness.（未完）  |