Social Responsibility Report
Corporate Social Responsibility Report
January 2024
Important Notice
This corporate social responsibility report is prepared in accordance with relevant national quality laws and regulations. The information regarding corporate social responsibility in this report is a true reflection of the company’s current situation. The company is responsible for the objectivity of the report’s content and the truthfulness and scientific validity of the related arguments and conclusions.
Shaoxing Shangyu Yongxing Refrigeration Equipment Co., Ltd.
January 18, 2024
Organization Scope: Shaoxing Shangyu Yongxing Refrigeration Equipment Co., Ltd.
Report Period: This report covers the period from January 1, 2023 to December 31, 2023. This is the first social responsibility report of Shaoxing Shangyu Yongxing Refrigeration Equipment Co., Ltd.
Publication Cycle: One year
Report Access Method: Download from the company’s official website http://www.zjyongxing.com/
Company Profile
Shaoxing Shangyu Yongxing Refrigeration Equipment Co., Ltd., established in 2011, is located on Chaoyang Road 1, Hangzhou Bay Industrial Park, Shangyu District, Shaoxing (Ganshi Refrigeration Plant No. 6). We are a professional manufacturer specializing in the production, sales, and service of various quick-freezing equipment. We provide optimal solutions and high-quality, suitable production equipment to customers worldwide.
Shaoxing Shangyu Yongxing Refrigeration Equipment Co., Ltd. has always focused on the field of modern refrigeration equipment. We are a high-tech enterprise with strong independent R&D capabilities and mastery of core technologies in refrigeration equipment. The company invests heavily in the R&D of new products and technologies each year, possessing numerous utility model patents and several domestically leading technologies and products. The company is a national high-tech enterprise.
Yongxing Weighing possesses independent intellectual property rights, holding 14 authorized and valid patents, all of which are utility model patents.
Our main products include: spiral quick-freezing machines, tunnel quick-freezing machines, fluidized bed quick-freezing machines, plate quick-freezing machines, shrimp processing production lines, and fruit and vegetable drying, dehydration, and pre-processing production lines.
Corporate Social Responsibility Report
While focusing on its business operations, the company strives to consider the diverse needs of all stakeholders, regarding the protection of their rights as its own responsibility and putting it into practice. The company earnestly fulfills its corporate social responsibility, examining the relationship between social responsibility and long-term corporate development from the perspective of a harmonious social, environmental, and economic system, transforming social responsibility into a driving force and long-term benefit for corporate development.
I. Protection of Shareholders’ Rights
(I) The company’s rapid and steady development and excellent operating performance are the important foundation for protecting shareholders’ interests. In 2023, the company achieved sales revenue of RMB 12.7876 million.
(II) In accordance with the Company Law of the People’s Republic of China and other laws and regulations, as well as the company’s articles of association, the company has established a standardized corporate governance structure and continuously improved the systems of the shareholders’ meeting, executive directors, and supervisors, forming a corporate governance structure with effective checks and balances among the power organs, decision-making bodies, supervisory bodies, and management. The shareholders’ meeting enjoys the legal powers stipulated by laws, regulations, and the company’s articles of association, and exercises the power to determine the company’s business policies, major financing, investment, profit distribution, and other major matters in accordance with the law. The executive directors are responsible to the shareholders’ meeting and exercise the company’s business decision-making power in accordance with the law. The supervisors are responsible to the shareholders’ meeting and supervise the company’s shareholders and other senior management personnel in performing their duties in accordance with the law. The operation of the shareholders’ meeting, executive directors, and supervisors is constantly standardized, and the systems are constantly improved and perfected, forming a complete set of mutually checks and balances and effective internal management and control systems. The company’s sound corporate governance structure fundamentally protects the legitimate rights and interests of shareholders and creditors. In 2023, the Company held a shareholders’ meeting. The convening, notification, holding, deliberation of matters, voting procedures, and resolution announcements of the shareholders’ meeting all complied with the provisions of laws, regulations, and the Company’s Articles of Association. The Company treated all shareholders fairly, ensuring that shareholders fully enjoyed the various legitimate rights and interests stipulated by laws, regulations, and rules.
(III) In 2023, in accordance with the requirements of relevant laws and regulations and in light of the Company’s actual operating conditions, the Company revised various rules and regulations, continuously improved its corporate governance structure, strengthened its internal control system, further standardized its operations, and improved its corporate governance level. The Company did a great deal of work in strengthening various system constructions, improving corporate decision-making procedures, improving the quality of information disclosure, and protecting the interests of minority shareholders, faithfully and diligently fulfilling its corporate social responsibility.
The Company closely monitors the latest regulations and rules issued by regulatory authorities and continuously improves its internal control system. Through continuous improvement of the internal control system, the Company effectively improves its governance level. At the same time, in light of the Company’s actual situation, the Company continuously improves and refines its control systems at all levels and in all aspects of its business processes and operations.
(IV) The Company strictly fulfills its information disclosure obligations in accordance with relevant laws, regulations, and rules. The company conscientiously and voluntarily fulfills its information disclosure obligations, ensuring the truthfulness, accuracy, timeliness, completeness, and fairness of information disclosure. The company has designated its Corporate Department to be specifically responsible for information disclosure management. In 2023, the company proactively and promptly disclosed information that could have a substantial impact on shareholder decisions, enabling shareholders to have a timely and comprehensive understanding of the company’s operations.
(V) The company employs multi-channel and multi-method investor relations management to build a positive and harmonious investor relationship. During the reporting period, the company strictly followed the requirements of regulatory authorities and adhered to the company’s investor relations management system. It clarified the responsibilities and relevant regulations for disclosing various informal announcements on the company website and other platforms. The administrative department was required to diligently and enthusiastically handle calls and visits from investors and the media, ensuring that public contact channels were effective and accessible, with phone calls answered during working hours, emails promptly replied to, and investor inquiries on the website fully addressed.
II. Protection of Employee Rights
In 2023, the company strictly adhered to the 《Labor Law》 and the 《Labor Contract Law》, established a rights protection organization, implemented collective bargaining agreements, and legally protected the legitimate rights and interests of employees, effectively safeguarding their democratic management rights. The company improved its occupational safety and health system, improved the working environment, ensured employee safety, and maintained a zero-work-related accident rate, protecting the physical and mental health of employees. The company conducted educational training and various cultural and sports activities, cultivating employees’ sentiments and fostering core values of “integrity, diligence, mutual respect, teamwork, and dedication,” further enhancing corporate cohesion and building a win-win situation of harmonious labor relations.
Throughout the year, the company experienced no major safety accidents or fire incidents.
(I) Improving Employment Management Systems to Effectively Protect Employees’ Legitimate Rights. The company strictly adhered to the *Labor Law* and the *Labor Contract Law*, legally protecting the legitimate rights and interests of employees. All company employees have signed *Labor Contracts* with the company in accordance with relevant national and local laws and regulations. The company has established a comprehensive system of compensation, incentive mechanisms, and insurance and welfare benefits, including pension, medical, work injury, unemployment, and maternity insurance, in accordance with national and local laws and regulations. It promotes personnel system reform, rationally sets up positions, clarifies job responsibilities, standardizes employment practices, and fosters harmonious and stable labor relations.
(II) The company has established a rights protection organization to improve service levels and enhance organizational cohesion. The company values the construction of its trade union organization; new employees are admitted to the trade union upon signing their labor contracts. The company continues to adhere to the principle of joint construction by the Party, trade union, and youth league, upholding the service tenet that no employee’s interests are too small, and proposing the concept of “find the trade union when in trouble,” doing practical things, good things, and solving difficulties for employees.
(III) The company has improved its labor protection system, emphasized the construction of a safe production system, implemented safe production responsibilities, and continuously improved the company’s safety management level. The company provides specialized safety training courses for new employees during their onboarding training, implements and supervises the execution of safe production work through regular basic management inspections, and incorporates safe production work into the daily performance appraisal system. In its daily operations, the company purchases a full set of personal protective equipment (PPE) for its production workers, such as masks and earplugs, and regularly inspects and replaces them. The company has implemented GB/T 45001-2020 Occupational Health and Safety Management System certification.
(IV) Promoting Collective Bargaining to Effectively Safeguard Employees’ Democratic Management Rights. At the end of each year, the company strictly adheres to the requirements of the Collective Bargaining Agreement, following the collective wage bargaining system and procedures, to conduct collective bargaining on the collective contract and wages for the following year. It has also creatively implemented a three-tiered collective wage bargaining system: negotiation between the company and the trade union, negotiation between trade union groups in various departments and workshops, and negotiation between trade union members in various positions. This not only guarantees the legitimate rights and interests of employees but also ensures maximum transparency and fairness in employee compensation. In accordance with the provisions of the Company Law and the Company Articles of Association, the company has also established a system for electing employee supervisors, who are elected by the company’s employee representative assembly, ensuring that employees enjoy full rights in corporate governance.
The company supports the trade union in carrying out its work in accordance with the law and attaches great importance to democratic and open management. For matters concerning employees’ vital interests, such as wages, benefits, occupational safety and health, and social insurance, the company solicits employee opinions through employee representative assemblies and trade union meetings, showing concern for and valuing employees’ reasonable needs. The company has also successfully resolved labor disputes and internal employee conflicts through equal consultation, safeguarding the interests of the parties involved. Meanwhile, except for confidential matters and trade secrets stipulated by national laws and regulations, the company discloses information concerning employees’ vital interests, including corporate philosophy and vision, development plans, annual plans and summaries, major business decisions, reform plans, internal cadre selection, employee rewards and punishments, education and training, wages, benefits, labor protection measures, and occupational hazard monitoring, through employee representative assemblies, bulletin boards, internal WeChat groups, WeChat official accounts, various regular meetings, coordination meetings, analysis meetings, summary meetings, websites, and mailboxes. This ensures employees’ right to know and participate in major corporate matters.
(V) Actively organize employee education and training, and carry out various cultural and sports activities.
The company has always adhered to a people-oriented talent strategy, recognizing and valuing talent, and providing corresponding training to unleash employee potential, enhance employee job satisfaction, and achieve a win-win situation for both the company and its employees. In 2023, the company conducted training for workshop employees in product management execution, professional ethics, and on-site first aid knowledge through various methods, including text and video presentations, case studies, classroom lectures, operational drills, departmental meetings, seminars, individual professional development, team building, on-the-job development, “bringing in” and “going out” training programs, internal seminars, job rotation, on-the-job degree education, specialized training, and mentorship programs. These trainings not only improved employees’ professional and overall skills but also significantly increased work efficiency and quality. In addition, the company actively conducts pre-job training for new employees and product knowledge training for new sales staff, and supports employees in participating in part-time professional development training to continuously improve the overall quality of the company’s workforce.
To enrich employees’ leisure activities, the company organizes a variety of activities.
The company promotes its corporate culture through its website, WeChat official account, and other means, enriching employees’ spiritual and cultural life, improving their quality of life, and enhancing their sense of belonging and identification with the company.
III. Protection of Supplier, Customer, and Consumer Rights
In 2023, the company continued to pursue harmonious coexistence with the government, customers, value chain partners, peers, and the public, jointly creating value and sharing success. The company established a mechanism to protect the rights and interests of customers and suppliers, emphasizing communication and interaction with stakeholders to build a foundation of trust and cooperation. While focusing on business operations, the company strives to consider the diverse needs of stakeholders, regarding the protection of their rights as its own responsibility and actively taking action.
(I) Maintaining a mutually beneficial and win-win relationship with suppliers. The company adheres to the principles of honest operation, shared benefits, and mutual benefit, continuously improving its procurement processes and mechanisms. First, it established a fair and impartial evaluation system, respecting reasonable supplier quotations and safeguarding suppliers’ product and technology development interests. Second, it strictly enforced supplier selection procedures, integrating supervision and prevention throughout the entire selection process, and continuously strengthening employee integrity education. Under the premise of openness, fairness, and impartiality, the company established a sound strategic partnership with suppliers, achieving a win-win situation for both the company and its suppliers.
(II) The company actively cultivated a positive image in the minds of customers and enhanced its brand image. The company regularly conducts customer satisfaction surveys, collects customer feedback, formulates rectification measures, implements targeted improvements, and improves its service network to provide high-quality pre-sales, sales, and after-sales services. This further enhances product quality and service levels, increases customer satisfaction, and safeguards customer interests, resulting in a year-on-year increase in customer satisfaction.
(III) The company highly values integrity building and internal supervision against commercial bribery. It strictly implements the integrity supervision system, improves the long-term mechanism for preventing commercial bribery, and rigorously monitors and prevents various commercial bribery activities between the company/employees and customers/suppliers. The company fosters a positive atmosphere, resolutely resists unhealthy practices, and strictly adheres to business ethics and social morality. Furthermore, the company does not profit from false advertising or propaganda, and does not infringe upon the intellectual property rights of suppliers and customers, including copyrights, trademarks, and patents.
IV. Emphasizing Environmental Protection and Promoting Sustainable Development
As a high-tech enterprise, the company consistently regards environmental protection as a crucial aspect of its sustainable development. We adhere to technological innovation, energy conservation, and emission reduction, striving to minimize the environmental impact of our development. Through continuous technological innovation, we have reduced energy and resource consumption while simultaneously decreasing waste emissions. The company possesses a sound organizational structure and environmental management system, achieving significant results in pollution control and operating in a standardized manner. We are committed to improving our environmental protection and sustainable development in accordance with the requirements of the ISO 14001 environmental management system.
Furthermore, the company continuously enhances employees’ awareness of energy conservation, emission reduction, and environmental protection through bulletin boards, banners, and other means, cultivating habits of consciously saving electricity, water, paper, and oil in both work and daily life. By implementing unified management of printing and photocopying, comprehensive double-sided paper reuse, and a trade-in program for old ink cartridges and drum units, the company has saved significant amounts of paper and ink cartridges, reducing resource consumption. In its daily production process, the company recycles and centrally processes usable and unusable waste, collects waste oil generated during production, and hires qualified waste disposal companies for unified recycling and processing. The company operates in strict accordance with national environmental protection requirements to minimize its environmental impact.
V. Social Welfare and Public Relations
The company pays taxes in accordance with the law and firmly believes that its products and services have the potential to bring significant benefits to society. While balancing the interests of the company and its shareholders, the company actively participates in various social welfare activities, paying attention to community interests, building harmonious and friendly public relations, and striving to give back to society.
The company attaches great importance to philanthropic activities and, based on its mission, vision, and core values, prioritizes charitable donations.
Through philanthropic endeavors, the company aims to enhance its brand awareness and reputation. Funding for philanthropic activities is included in the company’s annual budget, with the administration department responsible for overall coordination and daily management, and for developing annual philanthropic support plans.
The company hopes that through a series of philanthropic actions, it can encourage more enterprises to join the cause of philanthropy, and that more people will benefit from the company’s efforts.
In 2023, the company will continue to strengthen its corporate social responsibility as an effective means of thoroughly implementing the Scientific Outlook on Development. We will further uphold and deepen our commitment to social responsibility, enhance our ability to fulfill it, and strive to become a model of social responsibility that the public can trust and employees can rely on, with a focus on public welfare, customer and employee value, and contributions to the environment and society. We will treat shareholders, consumers, customers, and all parties in the supply chain with honesty and integrity, building a harmonious and win-win mechanism and establishing a positive public image. We will provide customers with high-quality refrigeration equipment products and services, winning the trust and goodwill of society, users, and suppliers, and promoting the coordinated and harmonious development of the company and society as a whole.
Shaoxing Shangyu Yongxing Refrigeration Equipment Co., Ltd.
January 18, 2024