SHENZHEN, China, April 26, 2024 /PRNewswire/ -- On the evening of April 26, CIMC Vehicles, as the world's leading high-end manufacturer of semi-trailers and special vehicles, a pioneer in the high-quality development of China's road transport equipment, and an explorer and innovator in the field of new energy special vehicles in China, CIMC Vehicles (301039.SZ/01839.HK) released its 2023 Social Responsibility and Environmental, Social and Governance Report ("ESG Report"), demonstrating the company's commitment to green production, technological product innovation, Performance in investor relations and social responsibility.
With its outstanding performance in sustainable development, CIMC Vehicles has won high recognition from social authorities. In 2023, the company won the "Xinhua Credit Jinlan Cup" ESG Environmental Practice Pioneer Case, "Enterprise Green and Low-Carbon Development Excellent Practice Case", "China ESG Listed Company Greater Bay Area Pioneer 50" Enterprise and other ESG awards. These honors are not only an affirmation of CIMC Vehicles' in-depth practice of ESG concepts and adherence to innovative development, but also an expectation for CIMC Vehicles to adhere to sustainable development, stimulate new quality productivity and achieve high-quality development with green development in the future.
Lucid waters and lush mountains are invaluable assets. CIMC Vehicles actively practices low-carbon and green manufacturing, comprehensively iteratively upgrades the "Lighthouse Manufacturing Network", implements the "Starlink Plan", and uses centralized procurement (LTS) to realize the transformation from full-category production to specialized "Lighthouse" factory production (LTP), from passive inventory to active inventory management (LTL), from single-order production to close to customers. At the same time, high-end manufacturing production lines and production capacity are used to apply automated, intelligent and digital environmental protection and emission reduction facilities to all production links, so as to continuously stimulate new quality productivity and bring new momentum to high-quality development with new results of green development.
The company's sustainable development results are remarkable. In 2023, Yangzhou Tonghua will be upgraded from a provincial-level green factory to a national-level green factory, Shaanxi CIMC will be certified as a provincial-level green factory, and Liangshan Dongyue will be certified as a green factory in Jining City. By the end of 2023, the company has built 21 "lighthouse" factories at home and abroad, and has 5 national green factories, 2 provincial green factories, 1 municipal green factory, 2 national green supply chain management enterprises, and 3 national specialized and special new "little giant" enterprises.
Taking the development of green development, energy conservation and emission reduction as an example, Yangzhou Tonghua, a national green factory, attaches great importance to the use of clean energy, and has built a 5.88MWp photovoltaic power station in 2023, with an annual power generation capacity of about 6 million kWh, and a new planned construction of a 4.2MWp photovoltaic power station, which is expected to generate about 4 million kWh of electricity annually after completion, and is expected to reduce greenhouse gases by about 7,035 tons of carbon dioxide equivalent per year, and at the same time take a number of water-saving measures, with an annual water saving rate of 40% and fully use LED lamps, energy-saving lamps account for 100%.
R&D, promotion of innovative low-carbon products, and continuous stimulation of new quality productivityGreen development is the background color of high-quality development, and new quality productivity itself is green productivity. CIMC Vehicles has always adhered to scientific and technological innovation, actively developed and promoted innovative low-carbon products such as new energy and lightweight, and steadily moved forward on the road of sustainable development, stimulated new quality productivity with green development, and solidly promoted high-quality development.
In 2023, the company's Qiangguan business group will start the integrated pre-research and product research and development of new energy head-mounted trains, and the project team has preliminarily built the EV-RT platform architecture, completed the design, trial production and test calibration of the prototype car, realized the head-mounted communication, trailer auxiliary drive and energy recovery functions, and explored and made breakthroughs in the coordinated control of the head-mounted driving force and braking force.
At the same time, the company carries out the research and development of innovative products such as new energy lightweight urban muck trucks, pure electric mining trucks, charging and battery-swapping concrete mixer trucks, and actively explores innovative models in new energy and autonomous driving scenarios, so as to occupy the development opportunities of the new energy special vehicle market. In addition, the company adopts the first refrigerated semi-trailer body series products made of open foam and color steel plate materials in China, as well as develops and launches the "Future Tank" tank semi-trailer products, which further enhance product competitiveness in terms of environmental protection and energy saving, lightweight, cost reduction and efficiency increase.
By the end of 2023, CIMC Vehicles has more than 600 R&D personnel worldwide, registered more than 1,400 patents, and participated in the formulation and revision of 35 national and industry standards for semi-trailers and special vehicle bodywork in China.
Strengthen the echelon of professional talents to empower high-quality developmentAchievements are made by talents, and the industry is wide by talents. CIMC Vehicles has always regarded human resources as the key to continuously improving competitiveness and achieving sustainable development, and is committed to the construction of a professional talent team to meet the high-quality needs of the organization.
In 2023, the company launched a special development plan for technical professionals and financial professionals, through a unified talent standard and the training process of "selection, training, combat and evaluation", and at the same time continuously optimized the professional Chinese military management model of "talent sharing and knowledge sharing", built a cross-organizational joint training project platform and talent development platform within the group, promoted the comprehensive ability improvement of professionals, and provided a sustainable virtuous talent development cycle to the echelon. For example, deepen and expand university cooperation, fresh graduate training programs, and "MBA special training camp" programs. In addition, the "Senior Leadership Training Program" was successfully concluded, providing high-level leadership talents for high-quality development.
In addition, CIMC Vehicles is strict with itself in safeguarding the interests of shareholders and standardizing corporate governance, attaches great importance to communication with investors, and has established a good image of the capital market. In 2023, CIMC Vehicle's investor relations team completed nearly 250 performance roadshows, covering nearly 1,000 people, and maintained high-frequency interaction with the capital market through a combination of offline visits and online roadshows, and won multiple awards. For example, CIMC Vehicles was selected as a sample stock of the Shenzhen Stock Exchange Component Index, won the "Excellent A+H IR Team" award from Barron China Board Secretary 100, the 2023 Best Practice Case of Listed Company Directors by the China Association of Public Companies, and the 2022-2023 Information Disclosure Evaluation Results of Shenzhen ChiNext Listed Companies were rated A.
As a leading enterprise in the semi-trailer industry, CIMC Vehicles has always implemented the ESG concept in the company's strategic blueprint and daily operations, actively promoted the company's green transformation, accelerated the development of new quality productivity, and led the sustainable and high-quality development of the industry.