金盘科技:2023SustainabilityReport&Environmental,

Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report About This Report 01
About This Report
This report is the third Environmental Social and Governance ((hereinafter “ESG”) report released by Hainan Jinpan Smart Technology Co. Ltd. It aims to disclose the Company’s management measures highlights
practices and achievements on environmental social and governance aspects for the year 2023.Report Scope Reporting Guidelines Report Acess
This report covers information and critical performance of * Transforming our World:The 2030 Agenda for Sustainable This report is issued in simplifed Chinese and English versions.sustainability efforts of Hainan Jinpan Smart Technology Co. Ltd. Development（UN SDGs） In case of any discrepancy between the two versions theand its subsidiaries. For the sake of brevity and readability “Hainan Chinese version shall prevail.This report can be downloadedJinpan Smart Technology Co. Ltd.” will also be referred to as “Jinpan * GRI Standards from the offical website of Jinpan Technology (http://www.jst.Technology” “the Company” or “we” throughout this report. com.cn) for review. * S SE Issues Guidelines No. 1 for Self-regulation of Listed Companies
of Shanghai Stock Exchange - Normative Operations
Time Range Contact
* Corporate Social Responsibility Research Center of the Chinese
This report is an annual report with a time range from January 1 Academy of Social Sciences’s China Corporate Social Responsibility If you have any suggestions or comments on this report or the
2023 to December 31 2023. Some contents exceed the above time Guide Framework (CASS-CSR5.0) Company’s sustainability performance please send them to
range to enhance the completeness and continuity of the report.* T ask Force on Climate-related Financial Disclosures (TCFD) the email address at info@jst.com.cn.Data Source Recommendations
The information and data in this report are sourced from the
Company’s annual reports internal official documents internal External Assurance
statistical data and publicly available information. Unless otherwise
specifed the amounts herein are measured in RMB. The Board TUV SUD Certification and Testing (China) Co. Ltd Shanghai Branch
of Directors is responsible for the authenticity accuracy and has independently authenticated the report. The assurance statement
completeness of the contents of the report. is attached.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Chairman’s Statement 02
Chairman’s Statement
The year 2023 marked a watershed moment in the field of Artificial Intelligence (AI) with the release of ChatGPT in November
2022 and the emergence of Sora in February 2024. The establishment of the National Data Bureau in Beijing represented a
concerted effort to advance the planning and construction of Digital China the digital economy and the digital society. This
initiative propelled the data elements market to new heights of growth. In the aftermath of the successful “Two Sessions” the
promotion of new industrialization and the development of new productive forces emerged as recurring themes. The concept of
new quality productive forces defined by the “Four News” (new technologies new key production factors new infrastructure and
new industries) and the “Three Transformations” (digitization decarbonization and intelligence) can only drive long-term revenue
and profit growth for enterprises under the new industrialization paradigm. This paradigm empowers enterprises to navigate the
waves of the Fourth Industrial Revolution and chart a course for long-term success. Both globally and within China profound
and transformative changes are underway. Positioned within the comprehensive digitization transformation of the manufacturing
Mr. Li Zhiyuan industry we are entering a crucial period of development opportunities.Chairman of
Jinpan Technology Over the past three years since its listing Jinpan Technology closely follows the pace of the national energy revolution the
strategy of “industrial digitalization and digital industrialization” and the “dual carbon” initiatives. Leveraging new quality productive
forces such as 5G Industrial Internet big data cloud computing and artificial intelligence we are reshaping enterprise core
competitiveness and fostering new growth engines. We continue to progress the building of the whole industry chain with power
distribution products at its center by adhering steadfastly to ESG principles. We also bolster the development of new energy
and industrial digitalization by providing integrated energy storage and digitalization solutions. We expand into global markets
through domestic and international circulation while driving both digital transformation (digital factories) and green low-carbon
transformation (zero-carbon factories). By combining AI technology with digital manufacturing technology we can industrialize
the “Three Transformations” (digitization decarbonization and intelligence) of new quality productive forces. This has resulted in
sustained and rapid growth in business performance generating more value for employees investors and society as a whole.Jinpan Technology has a strong foundation in the digital sphere embraces artificial intelligence and builds up its data
assets creating a new paradigm for development. By combining cutting-edge technologies like digital twins with traditional
manufacturing techniques we have achieved the automation informatization and intelligence of discrete manufacturing. We have
built seven autonomous digital factories that challenge established manufacturing paradigms. Every digital factory functions as
a digital industrial platform that unifies sales services production and research and development. The enterprise’s innovative
development greatly benefits from the data assets that are obtained from the transformation of these factories. To empower the
digital transformation and upgrade the industrial chain we work together with partners to share the comprehensive economic
social and environmental benefits of industrial digital transformation.Through green intelligent manufacturing we embrace the “dual-carbon” approach strategically charting a course for
a “dual-carbon” future and contributing to the creation of a beautiful low-carbon green environment. Driven by “digitalleadership” we have envisaged an endless future where “carbon” serves as our guide create a “zero-carbon” revelation and
thoroughly design a low-carbon industrial structure. Jinpan Technology actively supports the “dual-carbon” objectives through
tangible actions including setting SBTi science-based carbon targets proactively identifying climate change risks and opportunitiesJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Chairman’s Statement 03
publishing the 2022 Jinpan Technology Climate Action Report (TCFD) responsible supply chain and thrive with partners by actively fostering We extend our heartfelt gratitude to all our esteemed clients associates
adhering to green production and operations and formulating a green industry communication and collaboration. Engaging in social welfare investors government agencies local communities and members of the
development strategy. We drive the industry’s low-carbon transformation activities we endeavor to be a positive force driving social development and public for their unwavering support and concern for Jinpan Technology in
through intellectual technology strategizing new energy initiatives and contribute to the harmonious development of the economy and society. 2023. We express gratitude to all Jinpan employees for their relentless efforts
carbon management. Through collaboration with various sectors of society and dedication to excellence. As we move forward we’re still dedicated towe are dedicated to fostering a harmonious balance between humanity and We contribute to the Company’s long-term growth by maintaining preserving ESG principles and pursuing the “One Body Two Wings Dualnature ensuring the sustainable prosperity of our cherished homeland. integrity in business operations and vigorously promoting the concept Circulation” strategy firmly believing that digital transformation and low-
of high-quality sustainable development. To ensure lawful and compliant carbon green initiatives will lead to high-quality sustainable development.We strive to create social value and to establish a community of shared operations we are constantly improving our corporate governance system Boldly embracing the Fourth Industrial Revolution we will iterate digital
destiny among businesses employees and society by upholding strengthening internal controls and increasing risk management efforts. By technologies achieve intelligent manufacturing and expand our knowledge
mutual benefit and win-win cooperation. We are committed to innovation upholding business ethics we support a robust and wholesome business and research into artificial intelligence technology.as the primary driver of our business development promoting the “123+N” ecosystem. We promote the integration of ESG principles into business
digital Jinpan quality management model to achieve excellence in product operations while constantly enhancing our ESG management system with
quality and service thereby maximizing customer value. We value each the goal of maximizing the economic environmental and social value for all
employee provide a fair and equitable multidimensional development stakeholders.platform and collaborate to achieve mutual success. We establish aJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report About Jinpan Technology 04
About Jinpan Technology
Global New Energy Power Equipment Provider
Company Profile
Founded in June 1997 Hainan Jinpan Smart Technology Co. Ltd. (referred to as
“Jinpan Technology” stock code: 688676) is located in the Haikou Integrated Free
Trade Zone. On March 9 2021 it achieved a significant milestone by becoming
the first enterprise in Hainan Province to be listed on the Science and Technology
Innovation Board of the Shanghai Stock Exchange.As a global provider of new energy power equipment Jinpan Technology remains
dedicated to delivering top-tier power supply solutions and cutting-edge equipment
across various sectors through digital manufacturing practices including new energy
(such as wind energy solar energy and energy storage) new infrastructure high-
efficiency energy conservation and rail transit. Our core focus lies in the research
development production and sales of dry-type transformers as well as energy
storage solutions and other related products. Jinpan Technology is dedicated to
providing first-class end-to-end digital factory solutions for manufacturers especially in
discrete manufacturing industries.Over the years Jinpan Technology has remained steadfast in its pursuit of innovationin technology management and production. Guided by the “green energy + digitalmanufacturing” model the Company delves deeply into sectors such as new energy
high-end equipment and high-efficiency energy conservation. This approach has
solidified Jinpan Technology’s position as a leader in the field of new energy power
system equipment. Its products have obtained a series of authoritative certifications
both domestically and internationally including UL certification in the United States
KEMA certification in the Netherlands CE certification in the European Union DNV-
GL certification in Europe CSA certification in Canada and China’s energy-saving
product certification. Jinpan Technology has reached advanced international levels in
terms of performance indicators and overall competitiveness.Adhering to the philosophy of “Integrity management Green development” Jinpan
Technology is committed to providing various innovative power supply solutions and
high-end equipment for global customers in all scenarios. It has forged strategic
partnerships with leading international electrical equipment brands such as Siemens
VESTAS GE and Schneider Electric.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report About Jinpan Technology 05
Revenue
6.668 billion yuan
Total assets
8.529 billion yuan
Europe North America Net profit attributable to
Asia shareholders of the listed
company
505 million yuan
Africa
Jinpan Technology Network
South America
58
Oceania
Distribution Covering
6 Continents
Cumiaively
86 CountriesJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report About Jinpan Technology 06
Company Culture
Value Business Philosophy
Integrity operation green development
Centering on customer value building digital leadership smart future.Mission on employee value oriented at
social value learning and growth
self-fulfillment innovation and
Create greater value for customers
Vision development supporting others.create growth space for employees
and blaze a development path for
enterprises.Build a “Community of SharedFuture for Enterprises” and
benefit employees enterprises
and the society.Work Guidelines
Customer Service Guidelines: Put customers at the center and create
the best customer experience.Quality Guidelines: Rigorous analysis meticulous operation strict
Corporate Style inspection.Safety Guidelines: Comply with regulations eliminate hidden dangers
Be honest and work earnestly prevent accidents.Corporate Spirit work with fun and live healthily Efficiency Guidelines: Standardization Automation Digitalization
Employee Guidelines: Mutual assistance and love loyalty and gratitude
Goal of Digital Factory Ambitious passionate intelligent; dedication and efficiency integrity and self-discipline.Make bold innovations work Cadre Guidelines: Professional competence professional ethics
With data demand is better met hard embrace responsibility professional spirit proactive capable and successful.because of smart manufacturing.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report About Jinpan Technology 07Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report About Jinpan Technology 08
Jinpan Technology “Numbers Tell” 2023
Economic value Environmental value Social value
Revenue Amount of environmental protection investment Total energy consumption Total number of Average training
employees hours per employee
6.668 billion yuan 570.85 10000 yuan 5522.70 tons of standard coal 2207 headcount 77 hours
Total assets Greenhouse gas emissions (Scope I Scope II) Greenhouse gas emission intensity Number of products that obtained quality certification
8.529 8773.23 tons of carbon dioxide 0.013 tons of carbon dioxide billion yuan equivalent equivalent/ 10000 yuan income 306 units
Net profit attributable to The reduction ratio of greenhouse gas emissions Number of products certified for Amount invested in research and
shareholders of the listed company for Jinpan Technology in 2023 compared to 2022 carbon footprint development
505 million yuan 61.10% 18 units 351 million yuan
Social contribution Clean energy generation Photovoltaic self-use electricity Number of suppliers
2.57 per share of the Company stock 981.05 million kWh 832.05 million kWh 1137 suppliersJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 09Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 10
History
Over the span of thirty years Jinpan Technology has undergone significant growth and transformation. Throughout this journey we have 2021
consistently embraced the ESG principles and remained dedicated to advancing along the path of digital transformation. Guided by the philosophy Jinpan Technology was listed on the 2023
of “Courageously Forging Ahead While Maintaining Stability” Jinpan Technology closely aligns with the strategic development pace of national Shanghai Stock Exchange’s STAR
industrial digitization digital industrialization and the energy revolution. Building upon steady growth and digital leapfrogging Jinpan Technology Market for the first time. Won the national manufacturing single champion demonstration
actively explores new possibilities and strives to establish a digital industry platform to drive value creation in the industry. Collaborating with Guilin complete digital factory was enterprise.partners from all sectors Jinpan Technology is marching forward hand in hand to create the future. built and put into operation.Wuhan High-End Transformer
Haikou Digital Factory was selected Digital Factory and Energyas the “2021 Intelligent Manufacturing Storage Equipment Digital
1997 - 2012: Steady development 2013 - 2023: Digital transformation and upgrade Demonstration Factory” by four Factory are built and put into
ministries and commissions. operation.
2002 Signed a contract for an overall 2013 solution for intelligent manufacturing
The Company focuses 2019 worth over 100 million yuan.on diversified product Guilin R&D and manufacturing base was The Company fully carried
development conducts built and put into operation beginning out digital transformation
R&D on energy-saving the integration of industrialization and independently designed and
and environmentally 2009 informatization. constructed the first high-end friendly box-type dry-type transformer digital
substations and
1997 Shanghai R&D and factory of Jinpan Technology manufactures high and manufacturing base that complies with the German low voltage switchgear
Hainan Jinpan Special was built and put into industrial standard VDI4499.becoming a transmission
Transformers Factory and distribution operation.was established. equipment integrator.
2022
Guilin base energy storage
2020 equipment digital factory and
2012 2017 high-end dry-type transformer
2008 Established the Intelligent Technology Haikou high-end dry- digital factory were built and 1998 The Company Research Institute carrying out research and type transformer digital put into operation.
Wuhan R&D and successfully developed application of industrial digital technology. factory was built and put
“JST” stock was manufacturing base the world’s largest into operation. 35kV high-voltage cascade
listed in the United was built and put capacity dry-type Completed shareholding system reform the large-capacity energy storageStates. into operation. transformer at that time Company name was changed from “Hainan equipment was launched.
(40000 kVA). Jinpan Electric Co. Ltd.” to “Hainan JinpanSmart Technology Co. Ltd.”Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 11
Jinpan Technology is a practitioner and beneficiary of digital
transformation and the integration of digital and industrial technologies
Industrial digital transformation is seen as an essential path for China’s high-end equipment manufacturing
enterprises to thrive in the future. Since 2013 Jinpan Technology has closely followed national development
strategies such as “Informatization and Automation” “Integration of Informatization and Industrialization” “DigitalIndustrialization and Industrial Digitization” “Digital China” and “Intelligent Manufacturing”. It has consistently
driven efforts towards digital transformation and upgrades. With a decade of research and experience Jinpan
Technology’s adoption of digital manufacturing techniques for dry-type transformers has yielded significant
results. This includes a notable increase in production capacity enhanced efficiency in working hours notable
reductions in labor costs and rapid improvements in product quality and brand competitiveness. These
achievements form a solid foundation for Jinpan to excel as a national leader in the manufacturing sector.Jinpan Technology has experienced and witnessed the advantages and efficiency enhancements resulting
from digital transformation and upgrades. The successful implementation of digital transformation has earned
Jinpan Technology recognition and preference from both domestic and international customers. To date our
dry-type transformer products incorporating numerous core technologies have reached 86 countries across
six continents covering the entire field of medium and high-voltage transformers. We have forged strategic
partnerships with leading international electrical equipment brands such as Siemens VESTAS GE and
Schneider Electric.Jinpan Technology takes an active leadership role in the industry by spearheading digitization efforts and
delivering environmental and social value throughout the entire industry chain. Through independently
developing energy-saving products in the dry-type transformer series and conducting a full lifecycle
carbon footprint assessment of dry-type transformer products Jinpan Technology provides a data basis
for continuously improving the green industry chain. By providing customers with low-carbon products and
solutions Jinpan Technology facilitates the green transformation of the industry chain.Jinpan Technology was selected by Making it the only demonstration
the Ministry of Industry and Information enterprise in Hainan to beTechnology as a “National Single selected since the establishmentChampion Demonstration Enterprise of the provincein the Manufacturing Industry”
Exports products and services to
86 countries worldwideJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 12
The transformation and upgrade of the energy industry are crucial
pathways and inevitable choices for attaining the “dual carbon” goals
and constructing “A Beautiful China”. Achieving load balance in a new
type of power system primarily based on new energy will heavily rely
on the role of energy storage. Digital and intelligent manufacturing also
helps Jinpan Technology to develop in strategic emerging fields such
as new energy energy storage equipment and solutions rapidly and
vigorously.In July 2022 Jinpan Technology successfully launched the world's first
energy storage equipment with medium and high voltage direct-mount
full liquid cooling thermal management technology. It also became the
world’s first company to complete a comprehensive test platform for
35kV high voltage direct-mount (cascaded) energy storage hardware
in the loop. Our series of energy storage equipment products have
been seamlessly integrated across various applications serving the
generation side grid side commercial and industrial sectors as well as
residential users.In 2023 Jinpan Technology delved into the research of new power
systems to meet the demands of new products. It focused on developing
high-power-density large-scale PCS modular PCS and intelligent high-
voltage SVG among other power electronic products to expand the
range of products in the new energy field and further enhance their
market competitiveness. Leveraging its leading advantage in energy
storage technology the company continuously upgraded high-voltage
cascading energy storage products while also paying attention to the
potential of the low-voltage energy storage market. Jinpan Technology
actively constructs a full range of product systems. Among them
independently developed core technological products such as the 1500V
Wind-Solar Cold Energy Storage Inverter and Modular Commercial and
Industrial Energy Storage Cabinets have also completed corresponding
technical validations. This laid a solid foundation for the Company’s
comprehensive expansion of energy storage applications in all fields.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 13
Digital Transformation:
“The Digital Factory”
Digital transformation and upgrading have
transcended from being optional to becoming
essential endeavors for the evolution and
advancement of the manufacturing industry.Jinpan Technology deeply integrates next-generation information
technology with traditional manufacturing technology leveraging
data-driven approaches to create value and to complete its digital
transformation and upgrading. We have successfully established
and put into operation several digital factories across our bases in
Haikou Guilin and the Jinpan Smart Technology Green Industry
Park in Wuhan. At the same time we offer digital integrated solutionsto numerous enterprises achieving the integration of “SmartManufacturing” and “Smart Services.” These endeavors play a pivotal
role in advancing the national industrial digitalization strategy and
actively contribute to the establishment of green low-carbon and
intelligent manufacturing industry clusters.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 14
Hainan Tongxiang Digital Technology Co. Ltd. a wholly-owned
subsidiary of Jinpan Technology signed an EPC contract for a
digital overall solution with Eaglerise Electric & Electronic (China)
Co. Ltd.Jinpan Technology’s first digital overall solution project worth
over 100 million yuan —Eaglerise Electrc & Electronic China Co
Ltd.’s photovoltaic power generation grid-connection equipment
intelligent manufacturing project — was completed and put into
operation.Guangzhou Tongxiang Digital Technology Co. Ltd. a wholly-
owned subsidiary of Jinpan Technology signed a digital
technology transformation project with Chongqing Wangbian
Electric (Group) Corp. Ltd. providing digital factory transformation
services including special machinery digital production line
IT equipment system software and equipment production line
infrastructure etc.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 15
Wuhan Jinpan Smart Technology Green Industry Park Jinpan Energy Storage Digital Factory 2.0
The Wuhan Jinpan Green Smart Industry Park is a “zero-carbon” smart industrial park built by Jinpan The Wuhan Jinpan Energy Storage Digital Factory is a high-end energy storage equipment digital factory
Technology in the Jiangxia District of Wuhan. It represents the Company’s largest independently independently planned designed and implemented by the Company. It is divided into 10 functional areas
constructed green industry park in China to date. The project encompasses a range of facilities and including three major production workshops (module PACK production workshop PCS module production
systems including a high-end energy storage equipment digital factory a high-end transformer digital workshop and final assembly workshop) two large intelligent three-dimensional warehouses and energy
factory a rooftop photovoltaic power station a medium and high voltage cascaded energy storage system storage automatic testing and inspection lines among others. Utilizing 5G networks various sensors and
and a smart energy management system. It boasts a digital system architecture that spans the entire other Internet of Things (IoT) technologies alongside industrial Internet platform technologies the digital
lifecycle processes and scenarios of high-end dry-type transformer products energy storage equipment factory automates information flow within its premises. It incorporates intelligent warehousing and automated
products and liquid-immersed products. This architecture enables digital-driven design simulation guided vehicles (AGVs) to ensure seamless circulation and distribution of production line materials.production process simulation digital production line systems and digital distribution and warehousing Moreover the PACK production line and final assembly line are equipped with high-speed automation
systems. design to uphold stringent product quality control efficiency stability and cost-effectiveness. In conjunction
with a high-power multi-platform integrated system experimental station it can effectively simulate the
actual operating conditions of products such as large storage commercial and industrial storage residential
storage SVG and box-type substations on-site. This further ensures the reliability of product quality and
effectively improves work efficiency.In the Wuhan Jinpan Green Intelligent Industrial Park we have
independently planned designed and developed a Virtual Power
Plant Zero-Carbon District Comprehensive Energy Management
System. It incorporates resources such as rooftop photovoltaics
electric vehicle charging stations energy storage stations and new
energy-saving air conditioning systems built within the park into the
virtual power plant's available resources. This integration allows for
the digital management of the park’s energy resources and enables
the efficient use of multiple energy sources. Energy Storage Digital Factory in Wuhan Jinpan
Green Intelligent Industrial Park
The fully automatic energy storage module PACK production
line in the Energy Storage Digital Factory utilizes fully
The medium and high voltage cascade energy storage system automated equipment to handle the entire process from
independently researched designed and manufactured by Jinpan battery cell loading to the automatic boxing of modules.Technology within the park adopts an “AC/DC integrated” and “cluster Manual labor is only required to assist in confirming materialmanagement” design. This design integrates the battery and the status and the operation of equipment quality parameters.energy storage converter (PCS) into the same housing enhancing This significantly reduces labor intensity while increasing
both the safety and cycle efficiency of the energy storage system. production efficiency.Automatic clustering production line in the
Energy Storage Digital FactoryJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 16
Jinpan High-end Transformer Digital Factory 3.0
After two rounds of updates and iterations the Wuhan High-end
Transformer Digital Factory 3.0 has seen significant overall efficiency
improvements through upgrades in production lines software
and hardware. Among these the Intelligent Logistics Distribution
Center focuses on the raw materials intelligent three-dimensional
warehouse. By seamlessly integrating WMS WCS and advanced
storage equipment it achieves efficient storage and retrieval tasks
with optimal command scheduling algorithms.Additionally through the integration of WMS/MES/ERP the center
ensures timely and demand-accurate delivery of warehouse and
workshop materials to production line positions enabling closed-loop
management of workshop and storage operations and management.Dry-type Transformer Digital Factory Intelligent Logistics Distribution Center Liquid-immersed transformer productsJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Jinpan Technology “Digital Intelligence” 17
Exploring Data Assetization and Data Capitalization
The issuance of the “14th Five-Year Plan for Digital Economy Development” by the State Council in December 2021 signals China’s entry into the
era of the digital economy where data emerges as a critical factor of production. We are advancing from digitalization towards intelligence and
further towards data assetization and capitalization.What is a data asset
A data asset refers to data resources that an organization legally owns or controls which can be measured and bring economic and social
value to the organization.What is data assetization
Data assetization involves the gradual transformation of raw data into valuable data assets. This process encompasses various activities
such as data collection processing governance development and transactions. The aim is to facilitate the conversion of data into data
assets thereby unlocking and realizing the potential value of data.What is data capitalization
Data capitalization refers to the socialization of data elements through data transactions circulation and other mechanisms. For instance Digital transformation is an essential path for the sustainable
data can be directly converted into equivalent capital for equity participation. This concept positions data as a new production factor development of the industry. It involves a lengthy process of
integrating into China’s capital market and the economic value creation system in a tangible manner. persistent effort accumulating incremental gains to achieve
substantial changes transitioning from quantitative to qualitative
transformation. In the future we will continue to closely follow
the national strategies of “Industrial Digitization” and “DigitalIndustrialization” contributing to empowering the nation to emerge
Jinpan Technology aligning with the development of the digital economy era actively explores and establishes data element industry platforms. as a global manufacturing powerhouse and providing intellectual
These integrated digital industry platforms covering R&D production sales and services have evolved into invaluable assets for the company. contributions to the advancement of global digital development
The productivity of data elements is set to generate even more value for both the enterprise and the industry chain. and industrial chain transformation.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 18
E Environment
Green Planet Tirelessly Striving for
a Zero-Carbon FutureJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 19
Total greenhouse gas emissions
“The growth and prosperity of all entities thrive in their harmonious coexistence and mutual nurturing.” (Scope 1 & Scope 2)Amidst the escalating global climate challenges and the continued advancement of the national “dualcarbon” strategy Jinpan Technology is fully committed to contributing to the monumental shift towards a low- tons of carbon
carbon economy. Leveraging our technological advantages we will persist in enhancing our environmental 8773.23 dioxide equivalent
management capabilities offering a variety of low-carbon solutions to society advocating for ecological
conservation and participating in the construction of a Beautiful China. We march towards the realization of a
“zero-carbon future” and making our contribution along the way. Scope 1 Greenhouse gas emissions
1957.52 tons of carbon dioxide equivalent
Our actions
Scope 2 Greenhouse gas emissions
Jinpan Technology focuses on environmental management and promotes the concept of green development by 6815.71 tons of carbon establishing a robust environmental management system and delineating responsibilities across all levels. We dioxide equivalent
employ the TCFD framework recommendations to identify climate risks and opportunities proactively devise climate
response strategies and empower industry partners to lead the transition towards an energy-efficient system. In
our manufacturing and operations processes we place particular emphasis on managing energy water resources
emissions and waste while also safeguarding biodiversity and preventing any construction or development that could Percentage reduction in greenhouse gas
jeopardize the ecological environment. emissions compared to the previous year
SDGs contributions 61.10%
Total energy consumption
5522.70 tons of standard coal
Our performanceJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 20
“Zero-Carbon Revelation”
Driven by “digital leadership” we explore a range of low-carbon
solutions. We infuse sustainable development principles into every
In recent years the global push to combat climate change has accelerated dramatically. Climate change widely recognized as one of the most stage of the product lifecycle and forge connections within the supply
urgent challenges facing humanity in this century has garnered global consensus. In September 2020 China made the strategic commitment chain by offering green low-carbon new energy products to foster a
to “strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060” (abbreviated as “dual carbon”) reflecting China’s green ecosystem. In 2023 Jinpan Technology embarked on a green
unwavering intention to effectively confront climate change seek green and low-carbon growth and promote the common development of all low-carbon strategic upgrade constructing a carbon “zero” revelation
humanity. and comprehensively laying out a low-carbon industrial structure.With the goal of “reaching a carbon peak by 2025 and carbon neutralityJinpan Technology actively implements the “dual carbon” development strategy and improves its climate governance system. We proactively by 2050” we have devised an ESG evaluation system established
identify the risks and opportunities brought by climate change provide renewable energy products and services to society and contribute to low- science-based emissions reduction carbon targets and disclosed
carbon development through practical actions. By driving economic and social benefits with green values we are committed to promoting the TCFD climate-related financial reports. To bolster our efforts we
global transition to a low-carbon economy. have increased our utilization of clean energy by constructing energy
storage facilities alongside new wind and photovoltaic power plants.Additionally we have implemented comprehensive energy management
systems to mitigate environmental risks enhance energy efficiency
碳“零”启示录 : 数字引领 碳索无限未来 reduce carbon emissions and procure green electricity for offsetting
purposes. We developed digital zero-carbon plants in Haikou and Guilin
to manufacture green equipment. We independently developed a 35KV
high-voltage cascade energy storage system commercial modular
energy storage products Smart household integrated energy storage
systems and the CSP charging pile platform. These innovations ensure
the dependable and efficient operation of green products through
an intelligent digital electricity equipment management system. We
We encourage employees to utilize a carbon calculator to monitor
their daily and work-related carbon footprints. Moreover it promotes
emission reduction practices such as opting for green transportation
implementing waste sorting measures participating in tree planting
initiatives and embracing paperless office practices. To visually reinforce
our commitment to carbon “zero” revelation we have installed a magical
interactive wall with the goal of deepening people’s awareness of
carbon emissions among individuals and inspiring collective action
towards a zero-carbon future for ourselves and the entire supply chain.Zero-Carbon revelationJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 21
Climate governance
At Jinpan Technology we maintain a vigilant watch over the global climate
change landscape and have instituted an environmental sustainable and
governance system with our unique characteristics. This system entails a
top-down approach establishing a three-tier ESG governance structure
consisting of the Board of Directors the ESG Committee and the ESG
Working Group. Designed to address climate change-related concerns this
structure facilitates discussions identifies climate risks and opportunities
and formulates strategies to mitigate the potential impact of extreme climate
events on our assets.The Board of Directors is responsible to the shareholders’ meeting. The
ESG Committee under the Board of Directors is directly responsible for
climate change-related affairs. With a focus on environmental protection
and sustainable development the ESG Committee routinely evaluates
climate change strategies and provides oversight and guidance to Jinpan
Technology regarding climate-related risks and opportunities. Leveraging the
working rules of the ESG Committee we conduct regular assessments of
the implementation of climate-related objectives along with in-depth analysis
and adjustments as needed. To ensure the seamless integration of climate
strategies and risk management into the Company’s strategic planning the
Board of Directors incorporates climate-related risks into major strategic
plans risk assessment frameworks and performance evaluations and
integrates climate risk identification and management into all decision-making
processes.The ESG working group is responsible for managing and executing climate
change-related tasks ensuring the implementation of decisions made by the
shareholders’ meeting and the board of directors’ ESG committee. Led by
the Planning Department the working group conducts regular assessments
of climate risks and opportunities. It also promptly follows up and coordinates
the execution of climate-related tasks to ensure the effective implementation
of the Company’s climate-related objectives.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 22
Strategy
The global response to climate issues and China’s “dual carbon” Stringent Energy-saving/low-carbon regulations 1.5°C
objectives have introduced new risks and opportunities to Jinpan scenario
Technology. Considering industry dynamics and corporate attributes
we meticulously monitor the business environment operational Fossil Fuel-Dependent Society Net-Zero Society
conditions and risk response measures. Through comprehensive
assessments of physical and transitional risks we are progressively Strict carbon emission management Strict carbon emission management
bolstering the Company’s climate resilience to effectively adapt to Rising carbon prices Rising carbon prices/carbon tariffs
these changes. Increase in fossil fuel prices transitioning towards the use of Widespread use of clean energy
clean energy Common use of low-carbon products
Climate scenario analysis 【Risks】Strict requirements for carbon emission management 【Risks】Delay in adopting low-carbon technologies and failure
and rising fossil fuel prices lead to increased product prices and to meet carbon emission management standards leads to lost
We refer to publicly available scenarios set by the International reduced sales opportunities. sales opportunities while also increasing R&D costs.Energy Agency (IEA) and the Intergovernmental Panel on Climate 【Opportunities】Reduced costs resulting from the early 【Opportunities】Growing demand for new energy storage
Change (IPCC) such as the Stated Policies Scenario (STEPS) the introduction of clean energy and leading the market through increased sales of products with low carbon emissions
innovation in low-carbon technologies.Announced Pledges Scenario (APS) the Shared Socioeconomic throughout their lifecycle.Pathways (SSP) and the Representative Concentration Pathways
(RCP) to delineate two societal trajectories: under a 1.5°C scenario
where regulations pertaining to energy efficiency and low-carbon Society Prone to Natural Disasters Low-Carbon Consumption Society
practices become increasingly stringent and customers exhibit a
preference for low-carbon products; a society under a 4°C scenario More frequent warm weather globally Delayed or disjointed implementation of energy-saving/low-
carbon regulations
characterized by a lack of alignment with energy-saving and low- Frequent natural disasters such as typhoons floods earthquakes
carbon regulations with customers continuing to favor traditional Rising sea levels Depletion of fossil fuel resources leading to widespread use of
expensive clean energy
products with a high carbon footprint. 【Risks】High temperatures leading to reduced product
performance and shortened lifespan necessitating higher R&D Widespread use of high-priced low-carbon products
costs; frequent natural disasters may cause logistics disruptions. 【Risks】Losing opportunities due to late adoption of clean
【Opportunities】Increased demand for energy-related products energy coupled with the need to increase investments in low-
for large-scale power generation sales increase for highly carbon technology research and development.durable transformers with low power distribution losses and 【Opportunities】Significant increase in demand for new energy
energy storage devices. storage along with increased sales of products that have low
4°C power distribution losses and are low in carbon emissions.
scenario
Preference for Low-carbon productsJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 23
Identifying and assessing Risk type Opportunity
climate risks and opportunities Physical risks
After conducting a comprehensive analysis Frequent typhoons heavy rains 【Short-term】Increased costs for flood and waterlogging control 【Short-term】Increased demand for resilient infrastructure
of climate risks we have identified both Acute risks
challenges and opportunities associated Frequent earthquakes and droughts 【Short-term】Sales decrease due to supply chain disruptions
【Short-term】Increased demand for disaster preparedness equipment and
facilities
with climate change. By strengthening our Rising sea levels 【Medium to long-term】Some operations in coastal provinces and regions of
climate resilience we endeavor to capitalize China may be damaged increasing corporate infrastructure costs
on the developmental prospects arising 【Short-term】Poor health condition of employees may reduce work efficiency
Chronic risks 【Medium to long-term】Increased demand for resilient infrastructure
from the global energy transition and low- Increased hot weather 【Medium to long-term】Reduced product lifespan and quality
carbon transformation. In alignment with 【Medium to long-term】Production interruptions due to electricity usage
the recommendations of the Task Force restrictions
on Climate-related Financial Disclosures Transitional risks
(TCFD) we have identified prioritized and 【Long-term】Increased costs for energy procurement leading to increased 【Medium to long-term】Gaining business opportunities through early adoption of
managed both physical and transitional production and transportation costs renewable energy differentiation
Increase in carbon taxes
risks that may impact company assets 【Mid-term】Increased export costs for products leading to higher prices and
lower sales volumes 【Mid-term】Stabilizing costs through early adoption of renewable energythereby laying the groundwork for devising
Policies and 【Medium-term】Strict carbon emission management increases carbon
response strategies. regulations management costs 【Medium to long-term】Increase in sales of energy storage business
Increasingly stringent energy-saving/ 【Short-term】Strict requirements for the carbon footprint of the entire product 【Short to medium-term】Increased sales opportunities by producing compliant
We have defined short-term medium-term low-carbon regulations lifecycle increasing calculation costs. energy-saving/low-carbon products
and long-term time frames for addressing 【Short-term】Increased introduction costs for renewable energy certificates
climate-related risks and opportunities. 【Medium-term】Missing opportunities due to delayed R&D in decarbonization
Short-term refers to the next 1-2 years technologies 【Medium-term】Increased demand for technologies promoting decarbonization Rapid development of low-carbon
medium-term refers to 3-5 years and long- technologies 【Mid-term】Increased investment in the development of low-carbon
term refers to five years and beyond. Technologies technologies
【Medium-term】Business opportunities for prioritizing highly sustainable products
and innovation
Short-term Increased investment in renewable energy facilities 【Short-term】Increased demand for renewable energy and energy-saving
Low-carbon products replacing 【 】 products
traditional products
【Medium to long-term】Traditional products replaced by low-carbon products
【Medium-term】Failure to achieve 100% use of renewable energy in the 【Mid to Long-term】Enhancing brand influence through sustainable value chain
Changes in customer behavior production process resulting in lost sales opportunities. realization
patterns 【Mid to long-term】Failing to keep pace with customer preferences for low- 【Mid to Long-term】Customers achieve sustainability in their own value chains by
carbon products purchasing sustainable products
Markets
【Short-term】Customers not favoring products from resource recycling 【Short-term】Transition from traditional to circular economy business models
Transition to a circular economy 【Medium to long-term】Increased costs due to resource recycling and circular 【Medium to long-term】Expanding demand related to low-carbon products and
technologies energy management businesses
Reputation Increased public environmental 【Medium to long-term】Damage to reputation due to insufficient efforts in 【Mid to long-term】As a sustainable business offering sustainable products awareness emission reduction attracts more customersJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 24
Risk management
Jinpan Technology has incorporated climate change risks into its routine risk management work and regularly reports
relevant matters to the Board of Directors. We remain vigilant in monitoring global national and industry trends
promptly recognizing regulatory changes and potential risks and opportunities pertinent to the Company’s growth
trajectory. With a comprehensive risk identification and management process in place we provide tangible safeguards
for climate risk management. Collect Collect internal and external initial information related to
potential the Company's climate risks organize potential impacts
climate that may affect the Company's business including
Climate-related risk identification process risks potential physical risks and transition risks.We identify climate-related risks on an annual basis and develop emergency plans accordingly. We maintain vigilant
oversight of both domestic and international regulatory development pertaining to climate change. At the same time
we engage in ongoing communication with external stakeholders including investors customers and suppliers to gain
insights into their climate-related concerns and expectations. This ensures the completeness and accuracy of our risk
assessment processes.Utilize Use questionnaires group discussions expert consultations
diverse scenario analysis policy analysis industry comparisons
methods for
assessment interviews etc. to assess the likelihood of climate risks
occurring and their impact on the Company.Considering the results of the climate risk assessment
Compile a comprehensively take into account the potential impact
climate risk probability of occurrence urgency and controllability of
inventory different risks determine the order of climate risks and
compile a list of climate-related risks.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 25
Climate-related risk management processWe follow the Basic Norms for Internal Control of Enterprises the Risk Management Guidelines (ISO 31000:2018)” and the COSO Enterprise Risk
Management-Integrating with Strategy and Performance 2017 among other guidelines and standards to establish the Jinpan Technology Risk
Management System. This system underscores climate change risks as integral to strategic planning and recognizes them as a focal point within
supply chain management.We integrate climate risk management into the Company’s comprehensive risk management system which primarily consists of four basic
procedures: risk identification risk analysis risk response and risk monitoring. We regularly update and review our climate risk management
process demonstrating our commitment to maintaining adaptability and responsiveness to evolving environmental conditions and regulatory
requirements. Our ESG Committee guides and supervises all decisions regarding the importance of climate-related risks.Risk identification Risk analysis Risk response Risk monitoring
* Conduct industry-level * Analyze and rank the * Avoiding risk * Incorporate climate-
and corporate business- identified climate-related related risks into the
level climate-related risk risks from two dimensions: * Accepting risk Jinpan Technology Risk
screening the likelihood of risk * Reducing risk Management System
* Adopt diversified methods occurrence and the extent platform covering the * Sharing risk
to assess the importance of impact on the Company’s entire basic process of risk
ranking of climate risks business and finances. management.such as surveys group * Use a combination of * The audit department
discussions expert qualitative and quantitative regularly checks self-
consultations scenario methods such as scenario inspection reports from
analysis interviews etc. analysis risk matrix various departments and
analysis and tools like periodically or irregularly
Failure Mode and Effects carries out risk management
Analysis (FMEA). work and supervises and
evaluates its effectiveness.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 26
Indicators and goals
Goals and commitments Indicators
As a leading enterprise in the new energy sector Jinpan Technology is steadfast in its commitment to Based on our business characteristics asset allocation and potential climate risks we monitor several key
actively contribute to global climate action. In alignment with ambitious national plans aimed at attaining indicators with particular emphasis on greenhouse gas emissions and energy consumption management.carbon peaking and carbon neutrality we have established precise dual carbon objectives. Through accurate calculation of carbon emissions and evaluation of energy efficiency we promptly identify
and mitigate potential carbon emission risks.To ensure our carbon emission targets are in line with the scientifically endorsed carbon reduction trajectory
we have applied for and pledged to join the Science Based Targets initiative (SBTi). These targets have Additionally we prioritize the indicator of greenhouse gas emission intensity utilizing revenue per 10000
undergone formal submission to the SBTi for rigorous review to verify their scientific validity and feasibility. yuan as the baseline to measure our emission efficiency and more accurately assess the environmental
We publicly pledge to undertake the necessary measures to attain these emission reduction targets. impact of our operations. In comparison to 2022 Jinpan Technology achieved a remarkable reduction of
approximately 61% in greenhouse gas emissions in 2023 successfully meeting the annual emission target.Greenhouse gas emission data
Based on the 2022 baseline year we have set the following specific targets:
Total greenhouse gas emissions (Scope 1 & Scope 2) Scope 1 greenhouse gas emissions
Tons of carbon dioxide equivalent Tons of carbon dioxide equivalent
Short-term goals (by 2030):
164151919
Reduce Scope 1 and Scope 2 Reduce Scope 3 greenhouse 2021 2021
greenhouse gas emissions by gas emissions by at least 2022 16041 2022 2105
at least
2023877320231958
50%25%
Greenhouse gas emission intensity (Scope 1 Scope 2) Scope 2 greenhouse gas emissions
Tons of carbon dioxide equivalent/ 10000 yuan income Tons of carbon dioxide equivalent
Net zero target (by 2050):
20210.0497202114497
Reduce Scope 1 Scope 2 2022 0.0338 2022 13936
and Scope 3 greenhouse gas 90%
emissions by at least 2023 0.0131 2023 6815Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 27
Climate action response
Photovoltaic projects empower industrial carbon reduction
Jinpan Technology firmly believes that the newenergy industry serves as a pivotal catalyst Jinpan Technology has continuously constructed photovoltaic projects for many customers mostly adopting the “self-generation and surplus electricityin realizing the objectives outl ined in the feed-in” model providing a large amount of clean energy to various plants and power grids and reducing the consumption of fossil fuels and air pollution.Paris Agreement and fostering sustainable In 2023 we provided a rooftop distributed photovoltaic project solution for a large plant with a total installed capacity of 20442.32kWp connected to the
development worldwide serving as a driving grid at a voltage level of 10kV. After the completion of the photovoltaic power station project it can provide an average of 15.7398 million kWh of clean
force for the global transition towards a low- electricity to the grid each year. The project effectively alleviates the power supply pressure of the plant area eases the supply and demand contradiction
carbon economy. We are commi t ted to of the local power grid optimizes the system’s energy structure and maximizes economic benefits.promptly identifying and addressing the risks
and opportunities inherent in this transition
continually refining strategies for mitigation Estimated to save approximately
adaptation and resilience to climate change.Through our efforts we aim to empower society 4761 tons of standard coal
to embrace and undergo a transformative
journey towards a low-carbon future.Approximately
Empowering low-carbon
development in the industry 40 tons of sulfur dioxide (SO2)
Drawing on our p roduc t a t t r ibu tes and Approximately
technological expertise Jinpan Technology
actively engages in collaboration with partners 8976 tons of carbon dioxide (CO2)
across the industrial chain to drive the transition
towards a low-carbon economy. We have Approximately
intensified our research and development
endeavors in new energy introducing innovative 35 tons of nitrogen oxides (NO2)
low-carbon solutions and offering clean energy
power generation services to numerous partners. Approximately
In alignment with the principles of the Paris
Agreement we systematically reduce emissions 71 tons of smoke and dust
conduct carbon inventories and carbon footprint Distributed photovoltaic project
verification thereby reducing the carbon footprint
indicators across the industrial chain.Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 28
Agrivoltaic photovoltaic power generation Product carbon footprint verification
The Haikou Jinpan Jiazi Photovoltaic Power Generation Co. Ltd. 100MW agrivoltaic photovoltaic power generation
project is deployed in Jiazi Town Haikou City Hainan Province. The area was originally an abandoned open-pit mine To better manage the climate
requiring high environmental management technology. Jinpan Technology collaborates with the local government r i sks and oppor tun i t i es 产品碳足迹证书
to introduce new energy industries to the region and provide funding for ecological restoration projects. After land within the industry Jinpan (正本) 产品碳足迹证书兹证明
remediation they optimize the design of photovoltaic systems and develop green industries on the reclaimed land Technology has continued to 海南金盘智(能正科本技)产品碳足股份有迹限公司证生产产的书品碳足迹证书兹证明
树脂浇注册号干：式4682变3TZJ压000器8R0M
successfully turning abandoned mines (pits) into valuable assets and making efficient use of land resources. enhance its carbon emissions 兹 证(明正本)海依南据 I金SO盘140桂6林智7:20君能18泰要福求电气有限公司 生产的科技执兹行证股产明品份生有命周限期温公室司气体排放量的核查，核查结果统确一认信符用合代IS码O：149016476:021001086标20准06要44求6X。N注册地址：干海式南省变海口压市南器海大道168-39号
data management efforts 审核地址：广西壮族自治区桂林市国家高新区铁山工业园蓝卉路 1 号ISO 14067金:20盘18电气集团（上海）有限公司 生产的依据 要求执行产品生命周期温室气体排放量的核查，核受总公司-海南金盘智能认科证技委股托份人有：限海公南司金委盘托智，能对其科负技责股本份次有碳限足公迹司核查范围产品生产的子公司-桂林君泰福电气有限公司进行现查场结核果查确，认核查符边合V界IS为O广14西0壮67族:20自18治标区准桂要林求市国。家高新区铁山工业园蓝卉路 1 号（桂产林品君生泰产福者电（气制有造限商公）司：生海产 PI移相整流变南经金营盘地智址能）科，依技据股份IS有O1限40公67司:压201器8&PAS
2050:2011要求执行产品生命周期温室气体排放量的核查，结果如下：
ver i fy ing and gradual ly 地址产：品海名南称省海口市南海大依道据1I6S8O-31940号67:2018要求执行产品生命周期温室气体排放量的核查，核核查数据(kgCO2eq)/台认证委托人：桂林君泰福电气有限公司MVnex 金产属品铠装名移称开：式树开脂关浇设注备干式变查压结器果确认符合 ISO 144807647.:23018标准要求。
KYN28A-12/24(Z)金属铠装产移品开生式产开者关（设制备造商）：桂林君泰福电50气47有.2限5 公司产品系列
After the project is completed KYN61-40.5(Z)金属铠装
/规移格开/型式号开:关SC设L备B10/5500KVA 10534.71
地址：桂林市国家高新区铁山工业园蓝卉路1号
reducing the carbon footprint 证书编号：CEPREI-2022-CFHPX-G0N01255A-12 箱型固定式户内I金SO属1封40闭67开核算依据： :20关18设备 3026.58认《证温委室托气人体：金产盘品电碳气足集迹团量（化上的海要）求有和限指公南司》颁证日期：2022.06.28 HXGN-24/40.5 箱型固定式户内产金品属名封称闭：开干关式设变备压器 5356.68
2024.06.27 BlokSe生T命低压周抽期出阶式段开：关从柜摇篮到坟产墓品生产者（制造商）3：396.44有效期至： 金盘电气集团（上海）有限公司
SIVACON 8PT 低压成套产开品关系设列备/规格/型号: SCLB10-5150/323835.40
MDmax 产ST品低碳压足成迹套功开能关单设位备：1台地址树：脂上浇海注市干青式浦变区压汇器金路 999号证书编号：CEPREI-2022-CFP-0024
of its products. In the fiscal 核算依据：ISO 14067:2018
2835.40
《温室气体产品碳足迹量化的要求和指南》
颁证日期：2022.06.28 MNS产低品压成碳套足开迹关（设CO备2-eq）：12产.92品2名t（称每：1VKPVIA移相碳整足2流4迹7变1为.压882器.35 kg）
有效期至：2024.06.27 GCK 低压抽出式开生关命柜周期阶段：从摇篮到坟墓 2488.58
it is expected million kWh of clean energy 中国广东省广州市增城区朱村街朱村大道西 76号 GGD 低压抽出式开关柜 产品系列/规格/型号: 2Z22P2S.G4-51250产品碳足迹功能单位：1台 干式变压器邮编：511370 证书编号：YBC高EP压RE/低I-2压02预2-C装F式P-0变02电8站 ISO 140674:26794.69核算依据： 018 《温室气体 产品碳足迹 量化的要求和指南》127661 year 2023 we have achieved 202Z2G.S07组.0合8 式变压产器品碳足迹（CO2-eq）：19.413 t（每3811颁证日期： K1V0A.0碳2 足迹为 3.77 kg）Smart-YB 一体化智能光伏箱变 100267.29有效期至：2024.07.07 生命周期阶段：从摇篮到坟墓to contribute to the grid on average each 中国广东省广州市增城区朱村街朱村大道西 76号系统边界：从摇篮到坟墓 12.922 t511370 产品碳足迹功能单位：1台 VPI移相整流变压器邮编： 核查周期：2022年01月01日至2022年12月31日颁证日期：2023 年 07 月 27 日 产有品效碳期足至迹：（2C02O62-年eq）0：7 月3.2286t日（每 1 kVA碳足迹为 2.62 kg）总经理：
中国广东省广州市增城区朱村街朱村大道西 76号 19.413 t
approximately year over 25 years carbon footprint certification 511370 誉邦检测认证有限公司邮编：签 发 人总经理： 签
for 18 of our products. 签 3.28 t本证书颁发后，三年有效期内至少要接受两次监督审核。证书即时有效性可通过扫描右下角的二维码和登录本机构网站（www.ybtc.org.cn）查询。 本证书信息也可在国家认证认可监督管理委员会官方网站（www.cnca.gov.cn）上查询。
总经理：
地址：长沙市开福区芙蓉北路街道金马路61号恒大御景半岛锦绣苑2栋719号
The project is 38617 tons of standard coal expected to annually after it goes
save about into operation Product carbon footprint certification
While reducing about
CO2 emissions Carbon emission data management
72805 tons Jinpan Technology continues to increase its efforts in carbon emission data
SO emissions management and conducts refined carbon data management. In 2023 after 2 two years of cooperation with third-party organizations for carbon footprint
328 investigations the Company independently conducted carbon emission tons verification and summarization.
nitrogen oxide emissions In 2023 our independently developed Carbon Emission Data Management
286 Platform has been initially launched. This platform further enhances the accuracy Before and after comparison of mine lake slope restoration tons of the Company’s carbon emission calculation and management providing a
powerful tool for achieving more effective carbon reduction.Case study
Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 29
Focusing on low carbon operations
Aligning with the national “dual carbon” strategy and propelled Jinpan Technology develops “Zero Carbon Factories”
by high-end intelligent and green development principles in Haikou and Guilin
Jinpan Technology manufactures green energy equipment Through various strategies Jinpan Technology is establishing a sound
powered by green energy. We integrate eco-friendly green management system and evaluation system to vigorously
concepts throughout the entire lifecycle of production and promote the construction of zero-carbon factories in Haikou and
manufacturing. This year Jinpan Technology has vigorously Guilin. Successively they have achieved net zero greenhouse gas
implemented the green production plan establishing a emissions within the operational boundaries of the Haikou digital
comprehensive carbon emissions data management platform. factory and Guilin digital factory.This initiative is steering the Company towards a faster
transition to a green and sustainable operating environment. Implementing the ISO14061-1:2018 greenhouse gas emissions
management system to ensure accurate accounting and efficient
management of greenhouse gas emissions.The Haikou digital factory has installed a photovoltaic power
generation system with an average annual power generation
capacity of 2.76MW. The Guilin digital factory expanded its
photovoltaic system by 1.5MW in 2023 bringing the total
capacity to 6.15MW. At the same time they are purchasing green Jinpan Technology Haikou Jinpan Technology Guilin
electricity to gradually achieve 100% green energy supply for Factory Zero Carbon Factory Factory Zero Carbon Factory
both factories. Certification Certification
Zero-carbon factory
Building zero-carbon factories and achieving carbon neutrality
in the process of energy use and production manufacturing
are integral components of Jinpan Technology’s green and
low-carbon industrial greening strategy.Starting with the “Zero-Carbon Factory” and guided by the
principle of “green ecology” Jinpan Technology will delve
into the development of greening the industry. Our focus is
on fostering the establishment of greener and zero-carbon
factories. Through collaboration with industry counterpartswe aspire to cultivate a “community of shared future for greenenergy equipment manufacturing” advocating for collective
efforts to drive the green and high-quality development of the
manufacturing industry.Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 30
Jinpan Technology Green Low-Carbon Sustainable
Development Initiative
As a global leading provider of new energy power systems Jinpan Technology
actively lays out a low-carbon development blueprint. In December 2023 we solemnly
released the Jinpan Technology Green Low-Carbon Sustainable Development
Initiative underscoring our commitment to forging a collaborative path towards a low-
carbon future alongside partners from all sectors of society.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 31
Focus on Environmental Management
Jinpan Technology remains steadfast in its unwavering dedication to
environmental protection continuously enhancing the construction
of environmental management systems and fulfilling environmental
management responsibilities. We strictly to pertinent laws and
regulations including the Environmental Protection Law of the
People’s Republic of China the Law of the People’s Republic of
China on the Prevention and Control of Atmospheric Pollution and
the Water Pollution Prevention and Control Law of the People’s
Republic of China. We actively implement measures to minimize the
environmental footprint of our daily operations consistently bolster
environmental management practices and ensure full compliance
with legal requirements across all business activities.Environmental management system Environmental governance structure
Aligned with the specifications of the ISO 14001 Environmental To further enhance the level of environmental management Jinpan reinforces the sense of responsibility among the senior management
Management System Jinpan Technology has formulated a Technology is committed to optimizing its environmental governance team towards environmental stewardship ensuring that environmental
comprehensive set of policy documents encompassing various structure with the general manager assuming the role of principal in management objectives receive adequate attention and implementation.environmental impact factors. These documents include Water charge. We appoint EHS (Environmental Health and Safety) officers
Pollution Prevention and Control Procedures Air Pollution at each base to oversee the execution of specific tasks. We establish Jinpan Technology conducts regular environmental management
Prevention and Control Procedures and Noise and Vibration environmental performance indicators delineate the departments audits assigning designated personnel to rectify and monitor identified
Pollution Prevention and Control Procedures. These policies accountable for managing these indicators and comprehensively issues thereby continuously mitigating environmental risks. Moreover
ensure the effective control and management of diverse potential oversee Jinpan Technology’s environmental performance. This we integrate environmental management principles into our supplier
environmental impacts by the Company. During the reporting period includes the regulation of environmental risks and ensuring alignment management strategy mandating all suppliers to sign an environmental
Jinpan Technology’s bases in Haikou Guilin Shanghai and Wuhan between environmental goals and business strategies. protection agreement upon establishing commercial cooperation with
Jintuo all obtained ISO 14001 Environmental Management System Jinpan Technology. This underscores our commitment to environmental
certification. In 2023 Jinpan Technology did not experience any At the same time we innovate our performance appraisal mechanism responsibility fosters the creation of a green supply chain and
environmental compliance incidents. integrating “Safety and Environmental Protection” as a pivotal indicator advances the sustainable development of the entire industry.in the annual performance assessment of senior executives. ThisJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 32
Advocating for Green Development Energy management
Jinpan Technology is committed to green development strictly adhering to the Environmental Jinpan Technology strictly adheres to the Law of the People’s Republic of China on Energy Conservation and other relevant
Protection Law of the People’s Republic of China and relevant laws and regulations on laws and regulations. We remain steadfast in our commitment to improving the energy management system implementing
pollutant emissions across our operational sites. We exercise stringent control over resource refined management enhancing the efficiency of energy use during the production process and continuously optimizing the
utilization and pollutant emissions throughout the production and operational processes to structure of energy use.minimize resource wastage. Through meticulous source management and process control
measures we strive to achieve both green production and operations.Reducing energy consumption
Goals in 2023 Compared with 2022 Goals in 2024
Through technological improvements and
Energy efficiency target Energy consumption intensity decreased by management optimization we strive to reduce
the demand for additional energy the need for
0.0083 20.19% 5% additional energy while concurrently enhancing energy efficiency thereby realizing our objectives
tons of standard coal/10000 yuan income of energy conservation and carbon reduction.Emission reduction target Greenhouse gas emission intensity decreased by We have developed a comprehensive energy
management system centered on digitalization
0.013 61.10% 10% establ ished an energy consumption data application and service system and innovatively
tons of carbon dioxide equivalent/10000 yuan income developed integrated energy management and
distributed asset management models for green The integrated energy management system
Non-hazardous waste density Density of non-hazardous waste decreased by smart parks. Through digital means we assist
parks in reducing carbon emissions and moving
0.0054 37% 5% towards zero carbon.
tons/10000 yuan income In 2023 we developed the Wuhan Jinpan Intelligent Technology Green Industrial Park featuring an advanced green energy
management system that digitalizes the operations of all electrical equipment within the park. This system seamlessly
Water use efficiency target Water usage density decrease of integrates rooftop photovoltaic power stations energy storage facilities air conditioning units electric vehicle charging
stations and power-consuming departments of production thereby establishing a virtual power plant for the industrial park.
0.3368 21.31% 2% This setup facilitates the regulation of power generation and consumption effectively promoting flexible interaction on the load side. It also addresses the issue of combined cooling heating and power supply in industrial parks. This approach
tons/10000 yuan income provides strong support for constructing a safe economical efficient and reliable park power grid.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 33
Adoption of clean energy
Energy optimization of central air conditioning system at Haikou Factory
The adoption of clean energy plays a crucial role in achieving carbon neutrality goals
To ensure stable production and product quality the Haikou base implemented an optimization and energy- adjusting energy structures and promoting social harmony and economic stability. In 2023saving retrofit of the central air conditioning cooling system called “Mechanism Modeling and Global Jinpan Technology persisted in reducing its reliance on externally purchased electricityOptimization” further enhancing energy-saving effects through terminal environment sensing. Specific upholding this as a cornerstone strategy for carbon reduction. Concurrently we implemented
measures included: various energy-saving measures in daily production and operations while vigorously
advancing the development of new energy sources furthering our progress towards energy
Deploying indoor temperature and humidity monitoring devices throughout the factory area to monitor the transformation. Leveraging our technological prowess Jinpan Technology harnesses its
indoor environmental indicators of various areas in real-time. product technology advantages to actively explore and tap into potential opportunities for
energy savings and emissions reduction. In 2023 our unit revenue carbon emission intensity
Integrating the temperature and humidity data from the factory area into the air conditioning energy-
saving control system optimizing the energy-saving control operation of the cooling station system in decreased to 0.013 tons of carbon dioxide equivalent/10000 yuan demonstrating our
real-time based on end-user demand. commitment to environmental responsibility.Optimizing the operating strategy based on the most unfavorable end monitoring data and the As of the end of the reporting period Jinpan Technology has deployed a total installed
corresponding area’s temperature and humidity environment ensuring optimal operating efficiency while capacity of 23MW for photovoltaic power generation projects. During the reporting period we
maintaining the air conditioning effect at the disadvantageous end. generated a cumulative total of 9.81 million kWh of electricity supplying 8.32 million kWh of
clean electricity to our factories and delivering 1.49 million kWh of clean electricity to the grid.By implementing the above strategies and technologies the central air conditioning power consumption
at the Haikou factory from June to December 2023 was 838867 kWh representing a savings of Jinpan Technology energy data
211646 kWh compared to 2022 with an energy saving rate of approximately 20%. This renovation has
effectively addressed the previous Total energy consumption Energy consumption intensity
shortcomings of the factory’s air ton of standard coal /
conditioning system such as the 5522.7 ton of standard coal 0.0083 10000 yuan income
inability to adjust in real-time and
optimize global ly. As a result
effective management of the indoor Clean energy generation ——Equivalent to reduction in
environment in the factory area has greenhouse gas emissions
been achieved and energy usage 981 5595 tons of carbon dioxide efficiency has been significantly 10000/kWh equivalent/10000 yuan
improved.Clean energy usage ratio
Workshop environmental sensing diagram
36.21%
Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 34
Water resources management Reducing wastewater discharge
Jinpan Technology adheres to the Water Law of the People’s Republic of China the Action Plan for Improving Industrial Water Efficiency and other Jinpan Technology fully complies with the Water Pollution Prevention
relevant laws regulations and systems across its operational sites to ensure the rational and efficient use of water resources. and Control Law of the People’s Republic of China and related legal
regulations implementing a strict wastewater management system. The
Company has established a comprehensive environmental management
Water conservation In 2023 framework to oversee the generation and discharge of wastewater ensuring that industrial wastewater produced during the manufacturing
process undergoes appropriate treatment for recycling.The Company is committed to achieving intelligent management Water consumption Water use intensity
Our drainage system design incorporates advanced rainwater and
of water resources in production and operations through the
224720 0.3368 tons/10000 yuan sewage separation technology ensuring that domestic wastewater implementation of smart manufacturing and digital factory systems. tons income following pretreatment and meeting stipulated standards undergoes
We continuously optimize water-saving mechanisms introduce further processing through the municipal sewage network for deep
water-saving equipment promote water recycling initiatives and treatment before safe discharge.conduct extensive employee training to enhance water conservation Water reuse volume Water use intensity Water savings of
awareness. Additionally we strengthen water resource management decreased
Regarding the production wastewater generated by the Haikou factory we
have deployed a series of highly efficient treatment processes including
efforts to ensure responsible usage and conservation. 1236 21.31% 96700 coagulation sedimentation MCR (Microbial Enhanced Treatment) and tons tons activated carbon adsorption steps to ensure thorough purification. After
these treatment processes the wastewater meets recycling standards
eliminating the need for external discharge and significantly reducing the
environmental burden.Industrial water conservation Conservation in daily life
At Guilin Juntaifu Electric Co. Ltd. the production wastewater undergoes
multi-stage treatment including hydrolysis acidification aerobic treatment
We regularly conduct comprehensive inspections of the water In the canteen we have transitioned to a centralized machine and coagulation sedimentation also reaching the discharge standards
recycling pipelines promptly identify and fix leaks take corrective dishwashing mode for washing dishes reducing monthly water and ensuring the compliant discharge of wastewater. Currently Wuhan
measures to repair and rectify any problems ensuring the efficient usage by 9 tons and significantly improving water resource Jintuo Shanghai Jinpan and Yangzhou Jinpan do not generate
use of water resources. In the cleaning process of photovoltaic utilization efficiency. Moreover we have adjusted the flow production wastewater.panels Jinpan Technology has adopted advanced process rate of faucets and the water level in toilet tanks to regulate
equipment replacing the traditional method of prolonged washing water flow and usage thereby achieving conservation and In 2023
with hoses resulting in significant water savings. The new facility rational use of domestic water. Additionally the Company has
in Wuhan has introduced a new process for treating the exhaust implemented measures to collect and reuse condensate water
gases from iron core painting. Instead of using water spray for from air conditioning units achieving the reuse of cooling
treatment it now utilizes honeycomb activated carbon adsorption resources and further improving energy efficiency.and catalytic combustion to achieve zero water consumption in Industrial wastewater Industrial wastewater
the treatment of iron core painting waste gases. This change has discharge discharge intensity
significantly reduced the amount of water used in production.
27796 0.04166 ton/10000 yuan tons incomeJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 35
Waste management
Waste gas management
Jinpan Technology adheres to the Law of the People’s Republic of China on Prevention and Control of Environmental Pollution by
Jinpan Technology strictly follows the Integrated Emission Standard Solid Waste and the Guidelines for the Formulation of General Industrial Solid Waste Management Ledgerof People’s Republic of
Ofair Pollutants along with other national and local regulations and China (Trial) among other national and local laws and regulations. In alignment with the ISO 14001 environmental management
standards to regulate waste gas emissions. system we have established a rigorous waste management system and delineated the responsibilities of dedicated supervisory
personnel.In our commitment to meeting environmental protection requirements
we have installed advanced waste gas collection and treatment General industrial solid waste
facilities as per the specifications outlined in environmental impact To preempt leaks spills and other potential issues during production
assessments. These installations ensure that emissions following We implement categorized collection processes that could compromise the soil environment all liquid
effective collection and treatment by environmental protection practices and adhere to national material storage tanks in our workshops are equipped with leak-proof
equipment adhere to standard discharge criteria. regulations for resource recovery and trays. We provide dedicated chemical cabinets for proper chemical
reuse. Household waste undergoes storage with the floor of the chemical storage area constructed from
To further reduce unorganized emissions of waste gases Jinpan uniform processing by professional cement with an epoxy resin coating to prevent chemical leakage.Technology’s production bases are equipped with comprehensive environmental sanitation departments. Additionally the area is equipped with specialized leak-proof trenches
waste gas collection systems including gas collection hoods and and collection pools to further ensure proper handling of leakage
enclosed spray booths among other equipment. By combining incidents.physical and chemical treatment processes waste gases are efficiently Hazardous waste
processed and upon meeting standards are emitted through exhaust Indicators Unit 2023
After temporary storage in specially
stacks that comply with regulatory requirements thus ensuring the
designed hazardous waste rooms it is
compliance and environmental friendliness of waste gas emissions. Total non-hazardous
handled by qualified professional entities. waste Tons 3616.27
Indicators Unit 2023 it is handled by qualified professional
entities. We ensure that storage sites Non-hazardous waste Tons/10000 yuan 0.0054
Nitrogen oxides (NOX) emissions Tons 0.458 for hazardous waste are equipped with density income
measures for rain leakage spill and
Sulfur dioxide (SO2) emissions Tons 0.02 theft prevention clearly marked with Kitchen waste Tons 77.49
Volatile organic compounds warning signs. Additionally we maintain Waste cardboard Tons 108.49
(VOCs) emissions Tons 0.180 detailed hazardous waste management
ledgers and submit annual hazardous
Particulate matter emissions Tons 1.44 Total hazardous waste Tons 79.36waste disposal plans to environmental
Note: Excluding Wuhan Jingpan Intelligent Technology Green Industry Park protect ion departments to ensure Tons/10000 yuan
compliant management. Hazardous waste density income 0.0001Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 36
Repeated use of logistics pallets
Jinpan Technology in collaboration with upstream and
downstream supply chain partners is committed to
exploring energy conservation and emission reduction in
logistics. By optimizing product packaging and logistics
models we have gradually increased the reuse rate of
wooden pallets effectively reducing the consumption of
wood resources.Packaging material management
Jinpan Technology has implemented stringent control measures in the selection and management In 2023
of packaging materials emphasizing not only the efficiency of packaging materials but also
researching and expanding methods for reusing and recycling product packaging materials and
production offcuts.Packaging
We consistently optimize the selection of packaging materials prioritizing materials that are material usage
recyclable degradable or have minimal environmental impacts. At the same time we enforce
strict standards for the usage of packaging materials reducing material consumption through
design optimization. We regularly assess and monitor the use of packaging materials to ensure 1772.9 tons
continuous improvement and optimization in packaging material usage.We continuously strengthen green cooperation with suppliers to promote sustainability
improvements across the entire supply chain and to advance energy conservation and emission
reduction in the production process. Wooden pallets recycling
Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report E Environment —— Green Planet Tirelessly Striving for a Zero-Carbon Future 37
Green office practices Protecting natural ecology
Jinpan Technology continues to foster a culture of green and low-carbon living encouraging employees to embrace eco-friendly commuting and Jinpan Technology in accordance with the laws regulations
office practices while promoting resource conservation and environmental protection. standards and technical requirements of the locations where it
operates systematically evaluates and manages the potential
impacts of its business activities on the ecological environment.To enhance resource management efficiency and reduce environmental impact Jinpan Technology has implemented a series of paper The Company consistently enhances and refines ecological and
recycling and conservation measures: environmental protection measures to preserve the ecological
environment of its project sites.Throughout the development construction and operation and
maintenance phases of projects we remain vigilant about their
ecological impact actively mitigating threats to biodiversity and
ecosystems. We are planning to publicly commit to zero deforestation
We implement a unified recycling We encourage employees to utilize We advocate for paperless office addressing risks such as habitat loss ecosystem degradation
policy for used paper particularly duplex printing and to reuse single- culture promoting the use of email and fragmentation. At the same time we actively respond to
for printing and photocopying sided waste documents reducing online document-sharing platforms local government environmental initiatives regarding biodiversity
paper sorting them for secondary the demand for new paper. and internal systems for document promote environmental protection cultural concepts and encourage
use or recycling into pulp to exchange and record-keeping to employees to adopt green travel practices.minimize resource waste. reduce reliance on paper and boost
office efficiency.Wuhan Jingpan Intelligent Technology Green Industry Park has fully implemented building energy conservation measures. High-performance
glass wool is used for the exterior walls and roofs of the factory buildings significantly reducing energy loss. All lighting windows are equipped
with double-layer insulated glass further reducing energy loss. In addition energy-saving lighting fixtures have been installed throughout the park
greatly reducing electricity consumption and improving overall lighting efficiency.Our office and living areas are constructed strictly according to the standards of a one-star green building. Utilizing green energy-saving materials
for walls external windows and roofs we aim to minimize energy consumption and environmental impact. All lighting systems use efficient LED
fixtures which not only improve energy efficiency but also reduce maintenance costs.S Society
Harmony and Coexistence Forming a Community
of Shared Destiny with Customers Employees
Partners and SocietyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 39
Our customers employees and partners are invaluable allies and comrades-in-arms in R&D investment
Jinpan Technology’s journey of growth. They are the cornerstone of our confidence in building
a brighter future. We harness our strengths and dedicate ourselves to delivering top-notch
products and services achieving mutual success with our customers. We sincerely safeguard 3.51 billion yuan
the rights and interests of our employees nurturing their growth and walking alongside them.We empower our partners to partake in our progress uniting forces to confront contemporary
challenges hand in hand. Drawing from society we reciprocate by contributing back aspiring Customer satisfaction
for societal improvement through our presence.
98.03%
Our actions Total number of employees
At Jinpan Technology we uphold the principle of win-win cooperation and collective efforts recognizing innovation as the 2207 headcount
perpetual catalyst for enterprise advancement and product quality as its cornerstone. Our aim is to provide greater value to
our customers. We advance alongside our employees offering a fair equal and diverse workplace environment. With our
partners we cultivate mutual benefits propelling industrial transformation and progress. Moreover we actively participate
in social welfare and rural revitalization efforts extending the warmth and sense of responsibility inherent to Jinpan. Total employee training hours
170961 hours
SDGs contributions
Number of suppliers
1137
Our performanceJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 40
Pursuing Maximization of
Customer Value
We are committed to innovation-driven development embracing“Intelligent Decision-Making Data-Driven Approaches DigitalManufacturing and Digital Services” as our four strategic pillars to
drive technological innovation within the electrical manufacturing
industry. We regard product quality as the cornerstone dedicating
our efforts to provide greater value for our customers. By catering to
diverse service needs and elevating the customer experience we
foster mutual success and growth alongside our customers.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 41
Product innovation iteration
Strengthening innovation drive
Innovation is the fundamental driving force propelling enterprise development. Jinpan Technology continuously improves its
innovation system and the construction of its independent innovation platform. It has successively established Electric Research
Institute Intelligent Technology Research Institute and Energy Storage Technology Research Institute. By harnessing both internal
and external innovation resources and expanding our pool of innovative talents we continuously elevate our R&D and innovation
capabilities. Engaging in industry-academia-research collaborations we conduct forward-thinking R&D aligned with the Company’s
strategic objectives. Our focus remains on meeting evolving market demands through continuous iterative innovation. By prioritizing
technological leadership and delivering benchmark products we ensure Jinpan Technology maintains its industry-leading position
and unique market competitiveness. Industrial and commercial energy storage products and the application
of EMS in energy storage projects
Jinpan Technology continuously increases its R&D investment establishes
R&D talent training and incentive mechanisms and cultivates and enhances
its independent innovation capability. The Company has implemented various
incentive mechanisms such as the R&D Personnel Performance Appraisal and
Incentive Policy Major Technical Development Project Reward System Innovation
(Management) Regulations Annual Advanced Evaluation Scheme and Qualification
Hainan Province Enterprise Hainan Province Key Laboratory of Electrical Haikou New Energy Industry Certificate Management Regulations to stimulate talent vitality.Technology Center Industrial Design Center Equipment in Haikou City Electrical Equipment Research Center
It mainly supports the It is primarily responsible It focuses on researching It focuses on several key In 2023
Company’s ongoing R&D efforts for the Company’s product dry-type transformer research areas including
for a new series of products design services achieving products high and low electrical equipment simulation
for power transmission continuous progress in voltage switchgear products studies product engineering
distribution and control product structure process box-type substation design and manufacturing
equipment. It also supports the technology and product products wind power technology transformation
digital transformation of the updates and applying new generation supporting and upgrading. Its scope The Company’s R&D The R&D team has Accounting for
development and manufacturing R&D improvements and reactor products energy extends to electrical equipment investment reached
modes for energy storage designs in large domestic storage products and utilized in new energy energy
series products. Additionally and international projects other products for special conservation emission
it aids in R&D investment enhancing the Company’s purposes required by users. reduction smart grids and other 351 million yuan 394 members 17.85%
and technological upgrading continuous innovation ability specialized fields. From 2020 to of the total number of
iterations. and market competitiveness. 2023 the research center has employees
applied for 17 patents.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 42
Transformation of innovation achievements As of the end of 2023
Jinpan Technology remains dedicated to propelling the transformation and application of innovative
breakthroughs thereby expediting industrial upgrading and economic advancement. The Company actively
undertook and successfully completed several projects Application of 66kV Level 7.3MW Resin Cast Dry-
type Transformer in Tower Barrels Research and Development of Energy-saving Bidirectional Traction
Power Supply Units for Subways and Direct-mounted 35kV Large Capacity Energy Storage Equipment
Accumulated patented Domestic invention Domestic utility
Using Full Liquid Cooling and Thermal Management Technology as the first set of projects in Hainan
technologies patents model patents
Province. It received the 2023 Hainan Province Advanced Equipment Manufacturing First Set Reward
Funds supporting breakthroughs in technological routes structural design manufacturing processes and
standard parameters to enhance functionality and performance. Furthermore the Company undertook the 250 31 206
2023 Haikou City Major Science and Technology Plan Project - Research and Industrialization of Dry-type
Converter Transformers for Floating Production Storage and Offloading (FPSO) Vessels. This endeavor
aimed to address challenges such as high salt fog corrosion sway vibration ventilation cooling and half-
passage impedance imbalance in axial split structures within marine environments.Domestic and foreign International invention
design patents patents
In 2023 Jinpan Technology achieved significant results in its key R&D projects including:
85
17MVA/66kV offshore wind power 66kV grade 7.3MW resin cast
liquid-immersed transformer dry-type transformer
Digital new type of traction power Direct 35kV large capacity
supply unit and its IoT smart energy storage equipment
operation and maintenance with full liquid cooling thermal
system research project management technology Participated in the Including national Industry Each of group and
compilation of a total of standards standards local standards
Subway energy-saving
40.5kV gas-insulated 10 standards 4 4 1
bidirectional traction power
switchgear
supply unitJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 43
Awards
Jinpan Technology is opening a new chapter for the sustainable development of the wind power industry
As offshore wind power projects continue to expand in scale and move gradually to deeper waters further away from islands there
is an increasing demand for higher voltage level transformers for offshore wind turbines. Compared to traditional 35kV transformers
Jinpan Technology's first 66kV immersion-type transformer extends the transmission distance enhances energy transmission
efficiency and system reliability reduces construction and operational costs and minimizes transmission losses and maintenancerisks. Jinpan Technology's first “17MVA/66kV Offshore Wind Power Immersion-type Transformer" successfully rolled off theproduction line at the Wuhan High-end Transformer Digital Factory marking a milestone for Jinpan Technology in the green energy
sector. This achievement signifies Jinpan Technology's alignment with international advanced standards and its contribution to the
sustainable development of the wind power industry.Jinpan Technology The High-voltage cascaded energy storage
was honored SOC balance control technology receivedwith the “Storage the “Excellence in Storage TechnologyLeading Enterprise” Award” in the SNEC Top Ten Highlights
award at SNEC. selection.Successful grid connection of digital new traction power supply units and their IoT smart O&M system
research project
Zhengzhou Metro in collaboration with Jinpan Technology co-developed new products and technologies in the field of rail
transportation and launched the project Digital New Traction Power Supply Units and Their IoT Smart Operation and Maintenance
System for Urban Rail Transit. After expert acceptance review Jinpan Technology’s box-type bidirectional converter device (Save-
RT/BI-I/1500-2500) achieved smooth switching between
rectification/inversion modes and the amorphous alloy
traction rectifying dry-type transformer (ZQSCBH-2750/35)
demonstrated significant energy-saving effects. The digital
power equipment smart O&M system realized intelligent
monitoring and fault warning achieving the expected
results upon grid connection. This research verified the
reliability of new products and technologies laying the
foundation for introducing green and environmentally
friendly technologies into rail transportation.
233kWh modular commercial and Zhejiang Taizhou XinZhi Group
industrial energy storage unit Co. Ltd. shareholding user-side
15MW/30MWh energy storage station
Case study Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 44
Intellectual property protection
Jinpan Technology regards intellectual property (IP) as a vital Through specialized training routine work exchanges and diverse
asset of the Company strictly adhering to the requirements of laws communication channels Jinpan Technology aims to bolster the IP
and regulations such as the Patent Law of the People’s Republic awareness of all employees. The Company organizes IP-themed training
of China the Trademark Law of the People’s Republic of China sessions tailored for technical staff. These sessions delve into fundamental
the Copyright Law of the People’s Republic of China as well as patent knowledge patent searches patent mining and patent layout
regulations of the Company’s operational jurisdictions. The IP work aiming to guide technical research and development by leveraging existing
leadership team at Jinpan Technology is responsible for formulating patents. Moreover these initiatives serve to reinforce patent protection
comprehensive IP work plans and development strategies. They awareness and enhance the quality of patent applications among relevant
oversee the execution of plan objectives coordinate IP declaration personnel. In 2023 we conducted a total of two training sessions
and protection efforts across relevant technical departments and accumulating four hours of training with 146 participants in attendance.establish internal management systems including the Intellectual
Property Management Regulations. These regulations encompass
the management of patents trademarks copyrights trade secrets
and other IP rights along with the administration of special IP funds
IP rewards and penalties IP education and training competition
restrictions and IP risk emergency plans. This structured approach
effectively standardizes the application approval and management
processes of IP within the Company.The Company has established an IP risk early warning and control
mechanism integrating legal protection of IP into the Company’s
comprehensive risk management. Various departments in line
with their respective responsibilities are tasked with overseeing
all aspects related to the Company’s IP including technological
innovation patent applications copyright applications trademark
registration IP evaluation management protection and dispute
resolution. This concerted effort ensures proactive identification
control and response to legal risks associated with IP.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 45
Quality shapes brand
Collaborative development with BaosteelJinpan Technology consistently adheres to the corporate Aligned with the strategic concept of the “Digital Jinpanvision of “building a ‘Community of Shared Future’ for Quality Management Model” Jinpan Technology and
the Company benefiting employees the enterprise and Baosteel have collaboratively completed a projectsociety.” We uphold the quality policy that “emphasizes focused on material quality. The two parties establishedmeeting standards and customer needs designing and the Baosteel-Jinpan Technology Joint Laboratory
manufacturing with quality in mind recognizing supplier aimed at advancing the industrial application of new
management as integral to product quality as well as oriented silicon steel products in transformers. Through
continuously improving quality through a culture of this partnership both parties share technological
excellence and leveraging digital platforms and maximizing achievements and bolster the market influence of theircustomer value.” Jinpan Technology achieves high-quality respective products. Furthermore Jinpan Technology
enterprise development by employing innovation-driven and Baosteel jointly developed a digital steel coil project
strategies and quality improvement techniques. enabling one-click filling of on-site material foundation
Jinpan Technology has implemented a robust quality and quality information along with real-time transmission
management system including the formulation of internal of material quality performance data. This facilitates
policies such as the Quality Management Manual. We intelligent interaction between Jinpan Technology and
have clearly defined the Company’s quality policies Baosteel data explores the application of AI in industrial
and objectives along with detailed quality management data and supports the transformation and upgrading of
standards and related standard operating procedures. In smart manufacturing.
2023 Jinpan Technology and its subsidiaries all obtained
ISO 9001 quality management system certification.Utilizing new-generation information technologies such as
artificial intelligence digital twins the IoT big data and
cloud computing Jinpan Technology actively promotes
the “123+N” digital quality management model for
industrial digital transformation and upgrades. This model
is designed to address the quality challenges posed by
emerging industries new business formats and innovative Jinpan Technology’s “123+N” digital quality management model
business models. In recognition of our efforts JinpanTechnology was selected as a national case of “DigitalQuality Management Innovation and Practice” in 2023.Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 46
The Company continuously enhances its product quality risk management system by collecting comprehensive risk information and
gathering quality and safety risk data. We implement the FMEA tool to bolster our quality risk prevention capabilities from all aspects. Products certification
In accordance with the relevant regulations such as the Production and Service Control Procedures Inspection Operation Instructions
and Non-conforming Product Output Control Procedure the Company implements product quality inspection and testing procedures. For 306
non-conforming products the Company follows the product recall procedure as outlined in the regulations. In 2023 the Company did not
experience any product recalls due to safety and health reasons. Major products certified by various international and domestic
renowned bodies including UL certification from the United
States CSA certification from Canada BV certification from
France Gost certification from Russia DNV certification from
Jinpan Technology product quality risk management measures Europe CE certification from Europe CQC certification and
PCCC certification from China. The certified products cover a
wide range:
The Company’s proprietary digital risk control platform integrates risk control audit supervision and resin-cast dry-type transformers immersion-type
audit operations functions. It provides real-time risk monitoring rules processes methods models transformer (new product) offshore wind turbines
Comprehensive
risk information and data support assisting all levels and departments of the company in conducting comprehensive (new product special product) energy storage SVG
collection risk management work. It effectively outputs seven major categories of risks including environmental products high and low voltage switchgear among
business operational decision-making information financial human resources and compliance risks others.strengthening the full-process risk control from “pre-event during the event and post-event stages.”
The DNV certification for offshore wind turbines is at the
forefront of the industry.Quality and The Quality and Safety Management System based on the Company’s relevant regulations effectively
safety risk manages quality risks across various business processes product designs and operational processes
information through our internally developed digital risk management platform. This proactive approach ensures that
collection quality risks remain manageable and well-controlled.For product projects carrying significant risks the Company employs the FMEA tool to identify potential
FMEA failure modes and to implement control measures aimed at mitigating risks. This proactive approach
ensures that the output products consistently meet customer requirements.Wuhan High-end Transformer Digital Testing Center control room and test areaJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 47
Service guarantee and rights
Jinpan Technology has always adhered to the service tenet of “Customer First Service Foremost”
winning the trust and satisfaction of customers with efficient professional and accurate service. At
the same time we continuously improve customer service standards and levels utilizing advanced
CRM systems to achieve efficient customer relationship management and provide customers with a
better service experience. These measures not only enhance the Company’s
competitiveness but also lay a solid foundation for its long-term development.Starting from the actual needs of customers we are committed to providing
value-added services. In 2023 the customer satisfaction rate reached 98.03%
and the Company achieved significant results in service quality and customer
satisfaction. Jinpan Technology continues to improve standards and levels of
customer service establishing a series of internal management systems such as
the Customer Service Behavior Standards and Norms Sales Order Signing and
Management Norms Regulations on the First Question Responsibility System
for Sales Business and After-Sales Customer Service Behavior Norms to
ensure the provision of high-quality services to customers. In addition we utilize
the Customer Relationship Management (CRM) platform to achieve one-stop
management of project tracking project registration bidding and quoting contract
signing and execution providing customers with more economical efficient
and thoughtful products and services. By leveraging information technology
and internet technology we coordinate the interaction between the enterprise
and customers in sales marketing and service. Through the reorganization of
business processes and the integration of information resources we achieve
efficient management of customer relationships which not only improves work
efficiency but also enhances customer trust and satisfaction with the enterprise.In 2023
The customer satisfaction rate reached
98.03%Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 48
Customer complaints and handling Customer privacy and information security
Jinpian Technology has established a comprehensive customer Jinpan Technology strictly adheres to the Cybersecurity Law of the People’s Republic of China and the Personal Data (Privacy) Ordinance
complaint handling mechanism which includes the formulation of and other relevant laws and regulations. The Company has formulated and implemented the Customer Information Security Confidentiality
systems such as the After-sales Service Processing Procedure Management System. This system not only clarifies the responsibilities and principles of information security and confidentiality but also details the
After-sales Business and Service Management System and On-site work measures and processes to ensure clear responsibilities and effective measures.After-sales Service/Safety Operation Instruction to ensure a prompt
response and efficient processing of customer complaints. This Jinpan Technology has also demonstrated outstanding performance in the design of digital factory system architecture. We have achieved data
mechanism not only improves the efficiency of problem resolution linkage of enterprise resource planning (ERP) product lifecycle management (PLM) manufacturing execution systems (MES) supply chain
but also greatly enhances customer satisfaction. The Company also management systems (SRM) customer relationship management systems (CRM) and other systems digitizing the entire product lifecycle
provides various feedback channels including after-sales service management. This management approach not only improves work efficiency but also enhances data security and reliability.hotlines company websites dedicated complaint mailboxes and To ensure the security of customer information interfaces Jinpan Technology has taken various measures. We use HTTPS encryption transmission
WeChat platforms to ensure that customers can provide feedback technology through the Company’s intermediate forwarding servers to ensure the security of data during transmission. Additionally we utilize
and suggestions in the most convenient way possible. This measures such as AccessToken token authentication and network firewalls to further enhance data security. These measures effectively protect
multi-channel service approach not only reflects the Company’s customer privacy and information security. In 2023 the Company did not experience any incidents of infringement of customer privacy or
commitment to customer needs but also enhances interaction and information security fully demonstrating the Company’s efforts and achievements in safeguarding customer privacy and information security.communication between customers and the company. To further
enhance customer satisfaction Jinpan Technology regards on-site
revisits and training as the core components of after-sales service. By
providing customers with product function introductions operational
skills training and conducting revisit surveys the Company not only
strengthens its close connection with customers but also explores
customers' potential needs in depth. This personalized service
approach helps improve customers' operational skills and product
knowledge enabling them to better utilize the products for optimal
results. In addition Jinpan Technology innovatively attempts to provide
visual operation explanations to customers through the production
and dissemination of short after-sales guidance videos. This intuitive
and concise approach helps customers resolve issues more quickly
thereby improving their learning efficiency and satisfaction. The
customer complaint handling mechanism multi-channel feedback
system and innovative after-sales guidance methods all demonstrate
the Company’s attention to and emphasis on customer needs. These
measures not only enhance customer satisfaction but also lay a solid
foundation for the Company's long-term development.Jinpan Technology 2023 Sustainability Report CEnuvmir oEnnmvieronntamle Snotaclia Sl Aocnida lG Aonvde Grnoavnecren aRnecpeo Rrt eport S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 49
Ensuring Employee Rights
and Growth
Jinpian Technology regards its employees as the Company’s most
valuable asset. We adhere to a people-oriented management
philosophy which prioritizes respecting each employee and fostering
a diverse equal and transparent workplace environment. We provide
platforms for employees to showcase their talents allowing them to
unleash their potential and creativity.The Company prioritizes talent development and
respects employees. You can grow quickly here and
take advantage of lots of chances for both professional
and personal growth.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 50
Safeguarding employee rights and interests
We adhere to a people-oriented approach respecting and safeguarding the legal rights and interests of our employees while fostering a diverse equal and inclusive workplace environment. We actively listen to the voices of
our employees and strive to cultivate a harmonious and stable labor relationship.Equal employment
The Company strictly abides by relevant laws and regulations such as employee profile management system we effectively prevent the recruitment platforms and others we organize online career talks
the Labor Contract Law of the People’s Republic of China the Labor employment of child labor. Additionally we conduct training sessions specialized recruitment lectures for “Double First-Class” universities
Law of the People’s Republic of China the Regulations on Work- for middle management cadres on Human Resource Management mutual selection meetings and collaborate with professional
Related Injury Insurances the Provisions on the Prohibition of Using for Non-HR Managers to standardize interviewer behavior during headhunters to consistently enhance our talent pool. Moreover the
Child Labor the Law of the People’s Republic of China on the Protection recruitment processes. This initiative aims to resolutely eliminate Company has established profound industry-academia-research
of Minors. Additionally we formulate internal rules and regulations any form of discrimination based on gender ethnicity educational collaborations with Shanghai Jiao Tong University focusing on
such as the Personnel Management System the Regulations on Non- background age religion belief etc. while providing all employees technology accumulation cutting-edge theoretical research and
Discrimination of Employees the Recruitment Management System with equal and fair career opportunities. fundamental simulation modeling in the field of energy storage. ThisEmployee Handbook adhering to legal employment and equal strategic partnership ensures the efficient implementation of the “High-employment principles. We are committed to resolutely eliminating The Company is dedicated to providing extensive employment Voltage Cascaded Energy Storage System Software Control Strategyemployment discrimination forced labor child labor workplace opportunities for individuals with diverse educational backgrounds and Virtual Simulation System” thereby effectively supplementing
harassment and other inappropriate behaviors. Furthermore we and professional experiences. Leveraging platforms such as external scientific and technological capabilities.respect all employees’ rights to associate and engage in collective the Company’s official website WeChat official account online
bargaining effectively safeguarding their legal rights and interests.As of the end of December 2023
The Company has implemented rigorous recruitment and review
procedures to ensure compliance with regulations. Utilizing the
Full-time 2207 Disabled 24 The proportion of women in employees employees senior management
36.4%
New Veterans
employees 161 41Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 51
Employee profile Employee turnover
Number of employees by gender Number of employees by age Number of employees by education
11352
5.1% 2.4% Employee turnover rate
472630709
97910.90%
21.4%28.5%32.1%
44.3%
1464 Male employee turnover rate
66.4%
1735467
78.6%21.2%8.44%
Male Female Under 30 years old 30-50 years old High school and below Junior college
Over 50 years old Bachelor’s degree Graduate and above
Female employee turnover rate
Number of employees by level Number of employees by region
6153
11712.4%2.46%
0.5%3.2%110
2.8%41
1111.8%
5.0%
5.0%
39
1.7%2592086
11.7%
94.6%616
28.0%
956
43.3%
Senior management General management Northeast China North China Northwest China Southwest China
Middle management General employee East China South China Central China OverseasJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 52
Remuneration and benefits
The Company adheres to the principle of equal pay for equal work Employee reporting process
regardless of gender and continuously enhances its remuneration and
incentive mechanism by establishing a salary management standard
system based on individual value job roles and contributions. We
implement a restricted stock incentive plan to provide employees with
competitive compensation and benefits within the industry.We ensure timely and full payment of social insurance and housingfunds (commonly referred to as “the five types of insurance and onefund”) for employees. Additionally we offer supplementary accidental Chief legal agency or Preliminary inquiry to determine The complainant needs to Submit to relevant
insurance and various allowances including heat subsidies nutritional audit manager receives whether the investigation activity provide additional information departments for handling
supplements fuel allowances vehicle allowances commuting employee complaints and form are appropriate based on the investigation
subsidies laundry expenses heatstroke prevention and heating costs
meal subsidies and paid leave. In 2023 the Company achieved a
100% contract signing rate and a 100% social insurance coverage rate.
Employee communication and democratic
management
The Company places great importance on valuing and addressing
every employee’s voice and concerns establishing a variety of
communication and reporting channels for their convenience. We
offer multiple communication methods such as emails WeCom
suggestion boxes internal number regular meetings and general
manager interviews to promptly understand and respond to employees’
opinions and suggestions. In addition to reporting grievances to legal
advisors or audit managers and conducting regular staff representative
meetings and management review meetings the Company established
an Enterprise Labor and Personnel Dispute Mediation Committee
in 2023. The employee complaint channels are publicly disclosed
in the employee handbook facilitating equal dialogue and mutual
development with employees.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 53
Safeguarding employee health
We prioritize the occupational health and safety of our employees by continuously enhancing our occupational health and safety The Company actively improves employee safety measures by providing
management system. Our commitment is to provide a safe and stable working environment for all our employees. professional labor protection gear tailored to their respective job
requirements. We promote a safety culture by regularly organizing special
training sessions on production safety and safety month activities fostering
Work safety an environment conducive to safety awareness and professional growth
among employees. We conduct regular emergency drills for fire electric
The Company complies with the Work Safety Law of the People’s Republic of shock special equipment accidents and other scenarios to improve
China the Administrative Provisions on Protective Articles the Regulations on employees' emergency response capabilities.Work-Related Injury Insurance and other relevant laws and regulations. We have
established a Safe and Civilized Production Management System which lays Employee health
out clear regulations and requirements for ensuring safety in production. Thissystem defines safety management responsibilities and includes “zero safety We prioritize the physical and mental well-beings of our employees. Eachrisk and zero environmental pollution” as an annual performance assessment year we schedule occupational health examinations in the workshop and
indicator for executives thereby linking executive compensation with safety and every two years all employees undergo comprehensive health check-
health performance. We continuously optimize our occupational health and safety ups. Additionally we provide commercial accident insurance to ensure
management practices. As of the end of 2023 Jinpan Technology’s Haikou Guilin health coverage for our employees. We actively encourage employees to
Shanghai Wuhan Jintuo and other locations all obtained ISO 45001 Occupational participate in various sports and cultural activities and we have established
Health and Safety Management System certifications. facilities such as a gym a reading lounge and basketball courts for their
use. We promote a healthy lifestyle among our employees.In 2023
There were Safety education training were completed Safety drills
no work-related fatalities 3456 hours 14Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 54
Accompanying employee growth Strengthening talent training and development
To support every employee in realizing their full potential the Company conducts various types of talent training tailored and segmented
We recognize talent as a pivotal force driving corporate development and
according to different organizational layers. We customize training plans for different positions including marketing technical and
are dedicated to cultivating a comfortable workplace environment by refining
functional training programs. At the same time we offer cadre/core staff training projects marketing management trainee programs and
growth channels and implementing a comprehensive training system. We
new apprenticeship training plans to foster an environment where everyone has the opportunity to succeed and showcase their talents.aim to establish a diversified development platform for employees fostering
In 2023 Jinpan Technology carried out 243 training sessions achieving a 100% completion rate of training projects with a cumulative
mutual growth and development.participation of 63805 attendees and a total training duration of 170961 hours.Supporting employee career development To maximize the potential of each employee we provide a range of growth paths along with ample tools and opportunities to help them
realize their value. We have implemented a job rotation management method aimed at cultivating versatile talents improving the overall
We have constantly improved our talent development management system quality and capabilities of our employees and better adapting to the Company’s rapid development needs. We encourage employees
and expanding employees’ opportunities for advancement. Through a job to unlock their potential and advance their careers through various means including job rotation experiences and serving as internal
qualification grade management system dual-channel promotion pathways instructors.and an internal talent mobility mechanism we provide diverse and abundant
career development opportunities for our employees.Marketing training plan
Talent development management system Including sales skills training and marketing series training targeting all employees of the marketing center to enhance their business skills
and product knowledge. It helps them systematically grasp sales methods various application characteristics technical specifications
Jinpan Technology establishes job qualification level manufacturing processes etc. thereby improving the professional knowledge and business skills of sales representatives.standards tailored to various job categories. We identify
Qualification
level system competency gaps among employees through job qualification assessments and implement targeted talent Technical and functional training plan
development and training initiatives. Encompassing basic quality training quality safety and internal control training job skils enhancement training and bright sharing
meeting.Jinpan Technology plans a dual track (management
Dual-channel +professional direction) career development channel Marketing management trainee training plan
promotion
pathways for employees. We offer diversified development Including training on marketing center workflows project operations sales techniques company products and sales-related positions.opportunities through career promotion and transfers. This enables marketing management trainees to gradually integrate into the Company and their roles quickly becoming sales backbone
and achieving performance output.Jinpan Technology has implemented an internal competitive
recruitment mechanism which conducts internal and Middle and senior management level training plan
Internal
talent mobility public competitive recruitment for some positions. This approach enables two-way selection between employees Focusing on the weak ability assessed through professional evaluation tools. A series of courses have been implemented for training and mechanism
and positions considering employees’ career development learning. The team learning management helps the Company's management improve their weaknesses enhance their management and
aspirations and fostering mutual growth. leadership and enhance the cohesion of the team.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 55
Developing key personnel with core leadership skills Strengthening the building of a professional
skill talent team
To cultivate talent that aligns with corporate strategy and business transformation needs the Company organized a 6-month cadre/
core personnel training program in 2023. Adopting a boot camp model it integrated various aspects such as human resources In 2023 Jinpan Technology cooperated with the Provincial
finance general management knowledge and management practices combining theoretical knowledge with practical work and Technical Institute to carry out a new apprenticeship
conducted both online and offline making the management training more systematic. There were four offline themed courses: project. Using a dual-mentorship and alternating work-study
Replicable Leadership Sharing training models it jointly provided a professional training
and Exchanging Tips on ChatGPT plan and implementation scheme for 261 intermediate-
Artificial Intelligence Applications level industrial robot system operation and maintenance
Human Resources Training for Non- workers covering multiple knowledge categories such as
HR Managers and Finance Training craftsmanship spirit industrial robot technology industrial
for Non-Financial Personnel; and robot operation and maintenance basic knowledge of
seven online courses: U-Shaped fasteners and basic transformer manufacturing processes
Thinking Attunement: How to with a total learning duration of 411 hours.Accurately Understand Leadership
Intentions Win-Win: How to Promote
Cross-Departmental Collaboration
Strength: How to Play to Real
St rengths and Achieve Great Establishing marketing management
Performance Agile Leadership
How to Build a High-Performance trainee system
Team and Heart-to-Heart: How to Establishing a marketing management trainee system
Conduct Performance Feedback. A has played a significant role in expanding the market
total of 151 cadres/reserve cadres and improving sales performance for Jinpan Technology.participated in this training. To enhance the integration of marketing management
trainees into the Company and enable them to quickly
familiarize themselves with the business the 2023
Opening ceremony of the 2023 cadres marketing management trainee program incorporated more
/key personnel training program career planning guidance created more opportunities for
observation sharing and exchange and increased the
sense of belonging among university students towards the
company.Case study
Case study Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 56
Employee training Total number of Total training duration Average training
coverage employees trained for employees duration per employee
Optimizing internal trainer management
100% 2207 headcount 170961 hours 77 hours
To enhance employee participation in training and ignite their
passion for learning the Company implemented an internal
trainer management system and has successfully established Number of trained employees by gender Number of trained employees by employment type Total training duration by gender
an internal team of nearly a hundred people. The internal
trainer management system facilitates the accumulation 11 71 40600
of knowledge within the Company resource sharing and 472
makes internal training more targeted. This approach has 39
comprehensively improved the quality and effectiveness of 2086 130361
the Company’s training effectively saving training costs.By the end of 2023 the Company’s internal trainer team
played a professional role in various training projects such as
“Bright Sharing Meeting” cadre/core staff training programs 1735
marketing management trainee projects new employee
Male Female Senior management General management Male Female
trainings and job trainings.Middle management General employee
Total training duration by employment type Average training duration per employee by gender Average training duration per employee by
employment type
5062904
7882
248086
75
71
16251564
Senior management Middle management Male Female Senior management General management
General management General employee Middle management General employee
Poster for bright sharing meeting
Note: The number of employees trained is based on the total number of employees in service as of December 31 2023. Training data is calculated
and reported based on this figure.Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 57
Employee care
We value human care continuously pay attention to employees’
appeals gradually improve their living conditions enrich their cultural
life after work and enhance their sense of achievement belonging “Children’s Day” family open day event
and happiness.Jinpan Technology pays attention to the families and
To provide support to those in need we have established a charity lives of its employees. In June 2023 the Company
foundation aimed at assisting employees facing practical difficulties. hosted a “Children’s Day” family open day welcoming
In 2023 the company extended assistance to five employees 25 families and 40 young family members. The event
experiencing hardship and visited 32 employees during the Spring provided an immersive learning experience for the
Festival providing a total of 140000 yuan in aid. children by introducing them to the development
history of Jinpan Technology’s digital factory digital
We actively organize cultural activities for employees including solutions and applications. The family open day event
patriotic education movie screenings Mother’s Day celebrations not only made the children proud of their parents’ work
“Children’s Day” family open day and etc. to highlight the spirit of our enhancing the connection between employees and
workforce and foster a vibrant working atmosphere. their children but also planted the seed of exploring the
digital age in the hearts of the children injecting future
strength into the technological development for the great
rejuvenation of the Chinese nation.Establishment of Jinpan Technology Sports Association and Floriculture
Association supporting employees to carry out sports activities in the
form of sponsorship grants.Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 58
Sharing Success with Partners
Jinpan Technology is continuously broadening its strategic
partnerships within and beyond the Company spanning various
aspects and multiple fields with deep engagement. The Company
actively engages in industry communications and exchanges
collaborating closely with partners to drive mutual success. Dedicated
to establishing a responsible supply chain Jinpan Technology
focuses on enhancing supplier management and jointly shaping the
future of industry development through co-creation initiatives.“ Jinpan Technology prioritizes fostering positive collaborative relationships with its suppliers.As a leader in the industry the Company deeply understands the needs and expectations
of its suppliers actively engaging in joint exploration of innovative solutions to drive the
continuous advancement of both parties’ businesses. Jinpan Technology regularly shares
opportunities for cooperation and development plans with suppliers. By working together
both parties can effectively address market challenges achieve high-quality sustainable
collaborative development and ultimately attain mutual success.—— Foshan Huaying Transformer Component Manufacturing Co. Ltd. - Ye Jiangying
”Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 59
Driving industry development
The Company actively communicates and exchanges ideas with local governments upstream and downstream enterprises industry organizations
and institutions guided by the principle of mutual benefit and win-win cooperation. By continually broadening the scope of collaboration the
Company harnesses complementary advantages and facilitates resource sharing among enterprises to generate greater value and accomplishments Jinpan Technology exhibits its achievements
with its partners thus driving collaborative development. in digital transformation research at the 3rd
China International Consumer Products Expo
In April 2023 Jinpan Technology as the only national-
Jinpan Technology hosts its first digitalization promotion conference sharing a win-win future with partners level manufacturing single champion demonstration
enterprise selected from Hainan Province since its
establishment participated in the China International
Consumer Products Expo. The Company showcasedIn May 2023 Guangzhou Tongxiang Digital Technology Co. Ltd. (“Tongxiang its research achievements in digital transformation andTechnology”) a wholly owned subsidiary of Jinpan Technology held its first upgrading in recent years through various means such
“Empowering Industrial Digital Transformation” themed exchange meeting on as videos and models. The showcased products included
digital case studies. This event convened industry partners and entrepreneurs dry-type transformers energy storage equipment and
to share their insights and experiences in digital transformation and upgrading digital integrated solutions. By presenting the charm of
aiming to explore how digital initiatives can facilitate high-quality industry China’s high-end intelligent manufacturing to people from
development. all over the world Jinpan Technology not only bolstered
its brand presence but also spearheaded advancements
During the technical forum of the exchange meeting Tongxiang Technology
in the “green intelligent manufacturing” sector.delivered a comprehensive presentation on the overall solution for digital
factories highlighting the advantages and results achieved through the Haikou
digital factory and showcasing relevant case studies. Additionally digital
alliance admission standards were announced. We look forward to seizing
the opportunities brought by the development of the digital economy with our
industry partners leveraging our collective industrial expertise to foster a new
win-win ecosystem and infusing fresh impetus into enterprises’ high-quality
development.Jinpan Technology’s first digitalization promotion conference
Case study
Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 60
Jinpan Technology and Hainan Province host first manufacturing digital
transformation promotion conference together empowering high-quality
digital development in the industry
In November 2023 Jinpan Technology co-hosted the inaugural Hainan Province Manufacturing
Digital Transformation Promotion for 2023 with the Hainan Provincial Department of Industry and
Information Technology. The event drew participation from officials of the Provincial Department
of Industry and Information Technology representatives from various municipal and county-level
departments the People’s Bank of China Hainan Branch digital experts delegates from small and Jinpan Technology marks its second anniversary of Jinpan Technology was invited to participate in the
listing with a special seminar on digital transformation 8th Western Energy Storage Forum focusing on
medium-sized manufacturing enterprises in Hainan Province as well as members of the media. and upgrades. The company shared the outcomes of large-scale energy storage technology and solutions.its digital transformation and upgrades with partners The Company shared its expertise solutions and
Digital transformation has proven to be an effective tool for enhancing operational efficiency and from various industries. Cooperation has begun with practical experience in the field.streamlining resource distribution within industrial and supply chains. It serves as a crucial catalyst partners in related business areas such as energy
for driving green low-carbon and high-quality development within the manufacturing sector. At storage integrated energy management deep energy
the conference Jinpan Technology a pioneer in the industry shared its invaluable experiences savings and IoT smart control zero-carbon factories
in digital transformation. By doing so the Company played a pivotal role in advancing innovative and green energy services.manufacturing digitalization and fostering deeper integration between the digital and the real
economy.Global energy storage development is accelerating Jinpan Technology was invited to participate in the
in line with the current energy revolution trend. China Wind Power 2023 (CWP2023) fully showcasing
Jinpan Technology capitalizing on the opportunities its innovative and competitive strengths in promoting
presented by industrial digitalization and the national green development. Joining hands with industry
“dual carbon” strategy emphasizes technological partners Jinpan Technology contributed its power to
innovation to gain a market advantage and lead the the “dual carbon dual new” initiative namely carbon
rapid development of the energy storage industry. It neutrality carbon peaking new energy and the new
works to ensure China’s and the world’s long-term electrification revolution co-creating a new future for
2023 Inaugural Hainan Province Manufacturing Industry Digital Transformation Promotion Conference prosperity. sustainable development!
Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 61
Building a responsible supply chain
Jinpan Technology firmly believes that excellent partners are an partnerships with a group of high-quality suppliers fostering long-term
important cornerstone and solid support for enterprise development. stability and avoiding any actions detrimental to business partners.The Company continues to improve its supplier management system
strengthens supplier assessment and dynamic management striving The Company has established a comprehensive supplier entry
to advance sustainable development policies in collaboration with its system. Initially the Company requires suppliers to complete self-
suppliers. inspection questionnaires covering various areas such as human
rights environmental protection occupational health and safety
commercial integrity and conflict minerals. Based on their responses
the Company assesses suppliers selecting some for on-site audits.If any issues are identified during the audits the Company promptly
informs the suppliers and encourages them to rectify them. The
Company gives priority to suppliers certified under ISO 9001 ISO
Chosen as a national exemplary companies
for supply chain innovation and application 14001 and ISO 18001 management systems and requires those
by the Ministry of Commerce and seven engaged in specific work and service processes to have the necessary
other units. professional qualifications to ensure compliance and safety.The Company has established a comprehensive hierarchical
Supplier management assessment and audit mechanism categorizing suppliers into
four categories based on their business types and implementing
The Company remains committed to standardizing the supplier a hierarchical management system accordingly. Each year the
management process by developing the Control Procedure for Company evaluates suppliers’ overall capabilities through their
External Supply Processes Products and Services management delivery performance and conducts unannounced on-site inspections.system and publicly releasing the Jinpan Technology Supplier Code In 2023 the Company conducted annual reviews of all suppliers and
at the 2023 Supply Chain Partner Conference. This code imposes carried out unannounced inspections of 63 suppliers.higher requirements on suppliers in compliance environmental
protection business ethics and social responsibility. In 2023
The Company follows the principle of openness fairness and
equity by implementing a transparent digital supplier procurement The Company conducted annual
mechanism. This includes the introduction of the SRM system reviews of all suppliers and carried out
which oversees sourcing negotiation bidding and contract signing unannounced inspections of
throughout the entire platform. This standardized approach enhances
transparency in procurement sourcing bidding control processes and 63 suppliers
contract signing. As a result the Company has established enduringJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 62
Jinpan Technology’s Control Procedure for External Supply Processes Products and Services and the Supplier Development
and Evaluation Process Highlights
Conflict minerals investigation management Green procurement and supplier management
In 2023
The Company conducts due diligence investigations on raw Encourages suppliers to prioritize green raw materials selecting
materials associated with specific minerals in the supply chain. materials that meet environmental protection standards and Total number of suppliers Number of domestic suppliers
Suppliers are required to sign a Conflict Minerals Declaration to energy-saving requirements and have characteristics such
ensure the avoidance of minerals sourced from high-risk areas. as low energy consumption low pollution non-toxicity high
resource utilization and recyclability. 1137 1132
Encourages suppliers to use energy-saving and environmentally
Supplier admission and screening friendly processes/equipment utilizing processes/equipment Number of suppliers by region
recommended in the Industrial Structure Adjustment Guidance
Suppliers with any of the following situations should not be Catalog (excluding energy-saving equipment used for office 57 21 2 5
selected: purposes). 27
(1) E nterprises assessed by the environmental protection Suppliers producing castings should meet the requirements
department as environmentally unfriendly enterprises of JB/T 11995 Comprehensive Evaluation Method for Clean
according to Enterprise Environmental Credit Evaluation Production of Foundry Enterprises in terms of energy utilization 371
Measures (Trial) and local regulations on enterprise pollutant generation and emission and reuse of old sand at a
environmental credit evaluation management; level three or above.
(2) Suppliers found guilty of environmental crimes due to Suppliers with electroplating processes in their production must
environmental violations; 557comply with the Clean Production Evaluation Indicator System
(3) Suppliers penalized by the environmental protection for the Electroplating Industry achieving a comprehensive
department for environmental violations and have not yet evaluation index of level III or above.completed rectification; 97Suppliers with painting processes in their production must
(4) S uppliers involved in significant or above sudden comply with the Clean Production Evaluation Indicator System
environmental incidents within a year; for the Coating Industry achieving a comprehensive evaluation
index of level III or above. South China North China East China Northwest
(5) S uppliers failing to meet national or local pollutant emission Southwest Northeast Hong Kong Macao Overseas
standards and total pollutant control requirements. and TaiwanJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 63
Supplier training and communication
Recognizing the accelerated growth of the global clean energy
sector we understand that digitalization and intelligence are pivotal
for enhancing quality efficiency and cost reduction in businesses.As digital transformation gains momentum fostering a resilient
sustainable and integrated supply chain system becomes paramount.We enhance communication and collaboration with our suppliers
establishing channels for dialogue and partnering towards mutual
success. In 2023 the Company convened the 2023 Supply Chain
Partners Conference to collectively explore pathways for high-quality
long-term collaborative growth among upstream and downstream
Supplier quality management supply chain entities.In 2023 the Company conducted quality audits on 63 core suppliers in accordance with the Control Procedure for External Supply Processes
Products and Services to ensure that core suppliers have quality assurance capabilities in project management product and process Supplier contact channels
development planning and implementation secondary supplier and material management production process control and other aspects.For critical materials the Company insists on third-party identification by suppliers to ensure their safety and reliability. In 2023 the Company Website: Jinpan Technology SRM Welink SCF
completed 11 identifications including battery commission tests such as the Goods Transport Condition Appraisal Certificate for batteries (sea https://jst.going-link.com
transport UN38.3) REACH SVHC reports and more. Email: jstcg@jst.com
Green procurement
Supplier integrity communicationJinpan Technology is committed to eliminating the purchase of metals such as gold tantalum tungsten cobalt and tin that involve “confictareas” actively implementing a zero-tolerance policy and will continue to require suppliers to fulfill their responsible procurement and supply Jinpan Technology firmly opposes all forms of unfair competition
responsibilities through responsible supply chain management measures. corruption and bribery during procurement and supplier interactions
We actively promote the traceability of confict minerals and due diligence on suppliers’ confict minerals not supporting armed conflict or human fostering an environment of integrity and transparency in all dealings.rights violations in conflict or high-risk areas. In 2023 the Company signed a Non Use of Confict Minerals Warranty with 6 metal suppliers and Collaborating closely with suppliers we promote ethical procurement
there was no use of confict minerals involved. practices. Leveraging the SRM digital system we conduct thorough
background checks on supplier admission details and mandate the
Meanwhile we prioritize suppliers with energy system certifications for green and environmentally friendly procurement incorporating signing of a Supplier Confidentiality and Integrity Agreement by all
environmental protection content into supplier assessment criteria and signing Commitment to Environmental Protection Agreement and suppliers. Additionally we offer training sessions on the supplier
Commitment to Social Responsibility and Occupational Health and Safety Protection with suppliers to jointly fulfill environmental protection and code of conduct and publicly disclosed reporting channels to mitigate
social responsibilities and obligations. We prioritize the purchase of environmentally friendly raw materials to reduce the environmental and social corruption risks. In 2023 we attained a 100% signing rate for the
impact during the procurement process. Integrity Agreement with our suppliers.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 64Jinpan Technology hosted a supply chain partner conference aiding in building a new “co-creationmutual assistance and win-win” strategic supply chain partnership
In December 2023 Jinpan Technology organized the highly effective 2023 Supply Chain Partner Conference focused on core themes
such as advancing clean energy in line with “dual carbon” objectives manufacturing digitization and ESG implementation. At the In 2023
conference the company discussed its three-decade development journey and its plans. The company released the Jinpan Technology
Supplier Code collaborated with supply chain partners and recognized more than ten supply chain partners with the Best Strategic We attained a
Supply Chain Partner and Best Service Supply Chain Partner awards.The Supply Chain Partner Conference hosted by Jinpan Technology served as a platform to deepen interactions with partners 100%explored shared visions for future growth and fostered innovative solutions. It facilitated the establishment of a new “co-creation mutual signing rate for the Integrity Agreementassistance and win-win” strategic supply chain partnership bringing together resources to create limitless business opportunities. with our suppliers.Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 65
Supporting Rural Revitalization through Public Welfare In 2023
Jinpan Technology adheres to its original intention not only forging ahead in the journey of promoting its steady development but also persisting
in the path of public welfare with a passionate heart to give back to society. The Company deeply understands the importance of corporate social Initiated Totaling
responsibility and actively responds to the national call for rural revitalization and caring for the underprivileged along with all sectors of society to public welfare
contribute to building a harmonious society. 9 donations 819679 yuan
Warm-hearted public welfare donations
The Company actively carries out a series of public welfare donation activities to give back to society through practical actions. In 2023 Jinpan Jinpan Haikou Jiazi 100MW: Complementary
Technology initiated 9 public welfare donations with a total donation amount of 819679 yuan. Photovoltaic Power Generation Project Boosts
Rural Revitalization
Jinpan Technology donates to special education Jinpan Technology supports the improvement Jinpan Technology actively explores diversified economic
school of educational resources in Suining County development models in the agricultural-photovoltaic
In March 2023 Jinpan Technology and Haikou Special In October 2023 Jinpan Technology donated 200000 complementary photovoltaic power generation project.Education School jointly held a donation activity for a student yuan to the Suining County Education Promotion It expands the planting of economic crops and theassistance program with the theme “Love makes dreams Association in Shaoyang City to improve the local breeding of livestock near photovoltaic panels plantingcome true with hope”. The initiative aimed to convey warmth educational resource environment. This donation shade-tolerant plants plants with medicinal value and
to the children and to encourage society at large to pay more represents the contribution of Hainan-based enterprises vegetables as well as raising laying hens to increase
attention and care to special education and groups in need. to the local education sector actively supporting local the added value of agriculture. At the same time it
During the event the children of the special education school economic development and fulfilling corporate social leases some agricultural land back to local farmers free
performed song and dance routines under the guidance of responsibility. of charge provides technical guidance and agricultural
sign language from their teachers expressing their gratitude to production supporting facilities and assists in the
Jinpan Technology for its philanthropic support. sustainable development of local agriculture.Jinpan Technology launches educational donation activities Jinpan Technology’s donation ceremony with Suining
County Education Promotion Association
Case study
Case study
Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report S Society —— Harmony and Coexistence Forming a Community of Shared Destiny with Customers Employees Partners and Society 66
Supporting rural revitalization
Jinpan Technology as a socially responsible corporation fully
supports the mission of promoting rural revitalization and national
economic development and thus contributes to rural revitalization. Jinpan Technology in collaboration with the Ministry of Industry and Information Technology conducted a
themed Party-building Day event and donated office equipment to Dazhang Village in Changjiang County.In 2023 In October 2023 Jinpan Technology actively responded to the Party’s call and co-planned and implemented the Party Day activitywith the Hainan Provincial Department of Industry and Information Technology under the theme “Joint Efforts by Party Branches forThe Company’s CPC Party committee leaders Revitalization United in Protecting Children to Foster Growth.” The initiative aimed to support rural children's educational growth while
visited local rural areas to carry out a series of rural also promoting high-quality development in rural revitalization.revitalization donation activities totaling
Jinpan Technology donated 32000 yuan worth of office equipment to the Dazhang Village Committee in Qicha Town Changjiang
67000 County. This donation improved the village committee’s office conditions increased work efficiency and assisted Dazhang Village in yuan consolidating and expanding poverty alleviation achievements while also effectively connecting with rural revitalization efforts.
The Party Committee of Jinpan Technology
donated funds for rural revitalization to
Dongshan Village to purchase a broadcasting
system promoting grassroots social
governance in rural areas.In August 2023 the Party Committee of Jinpan Technology
in conjunction with the Work Committee of Haikou
Integrated Free Trade Zone held the “Red Leadership”
rural revitalization support event at Dongshan Village
Committee in Dongshan Town Haikou City. The Company’s
Party Committee donated 35000 yuan to the Dongshan
Village Committee to purchase and install an emergency
broadcast system. This contribution sought to bridge the
“last mile” in grassroots social governance improve the
quality and efficiency of rural revitalization and provide
solid service support to accelerate agricultural and rural
modernization.Office equipment donation ceremony by Jinpan Technology
Case study
Case studyJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 67
G Governance
Steady Progress Compliance Integrity
and Implementation of ESG Principles
for Sustainable Corporate DevelopmentJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 68
Number of shareholder meetings held
“Integrity is the bond of the world.” Jinpan Technology deeply understands that compliant
corporate governance and integrity operation are the cornerstone for a Company’s sound 3 times
development and sustainability. Adhering to the concept of “integrity operation” and guided by
sustainable development it contributes to social harmony and progress. Based on a sound
corporate governance system we improve the risk control mechanisms strive to pursue the
best practices of business ethics create long-term value for all stakeholders and achieve the Number of announcements issued
co-prosperity and coexistence of corporate and social values. 162 copies
Number of standard operation training sessions
Our actions 22 times
Jinpan Technology adheres to business ethics and is committed to conducting lawful and compliant
operations. We integrate the concept of sustainable development into our corporate strategy fostering
responsible governance. We continually enhance our ESG governance framework and operating Employee anti-corruption
mechanisms bolstering our capacity for sustainable development. Moreover we prioritize raising employee training coverage rate
awareness and actively promote the Company’s overall advancement toward sustainable development. 100%
SDGs contributions
Signing rate of the
100% Integrity Agreement by Employees
Management and
Suppliers
Our performanceJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 69
Governance in
Compliance with Laws
Jinpan Technology insists on integrity operation and cares for its
investors actively conveying the Corporate’s value. We continuously
enhance our corporate governance mechanisms fortify risk
management practices and strive for stable and efficient operations.Corporate governance
Jinpan Technology strictly abide by the Company Law of the People’s
Republic of China the Securities Law of the People’s Republic of
China Guidelines for Corporate Governance of Listed Companies the
Rules Governing the Listing of Stocks on Shanghai Stock Exchange
and other legal regulations and relevant normative documents. It
constantly improves the “three-tire” corporate governance structure
which consists of the General Meeting of Shareholders the Board
of Directors and the Board of Supervisors by focusing on theircore responsibilities to “set strategies make decisions and preventrisks.” It fully participates in the organization and implementation of In 2023
the corporate governance structure improves performance service
guarantees and ensures standard operation.Directors Independent General meetings Meetings of the Meetings of the
The Company values the independence and diversity of its board of directors of shareholders board of directors board of supervisors
directors. Based on the directors’ backgrounds and responsibilities the
board strategically appoints members to various committees. There 6 2 3 13 8
are a total of 6 directors in the company. Two independent directors
have backgrounds in accounting and electrical industry expertise Deliberating on Deliberating on Deliberating on
Staff director Female director
respectively. With each board member possessing professional
knowledge and supervisory capabilities the board effectively fulfills its 31 proposals 79 proposals 26 proposals
oversight duties ensuring the Company's professional efficient and 1 1
smooth operation.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 70
The Company earnestly fulfills its obligations as a listed company continuously Investor rights protection
improving compliance management systems. We systematically revised a total of 26 In 2023
documents including the Company Articles Rules of Procedure of the Shareholders’ The Company strictly fulfills its information disclosure obligations as
Meeting and Independent Directors Work System. This process further clarifies the a listed company maintaining robust communication with investors
boundaries of rights and responsibilities across the corporate governance structure and The Company conducted a total of through various channels and platforms to safeguard shareholders’
the operation mode of the three boards senior executives. Consequently we lay a solid
22 training sessions on right to information and effectively convey the Company’s value to the institutional foundation for our standardized operations and scientific decision-making. standardized operations market. We have established a diverse range of investor communication
To enhance awareness and capability in standardized operations and to align with channels primarily consisting of digital factory site visits for research
the latest regulatory requirements and market priorities Jinpan Technology actively public performance briefings shareholder meetings investor exchange
engaged directors supervisors and senior management personnel in various With meetings investor open days an investor hotline and E-interactive.specialized training sessions. These sessions encompassed interpretations of new These initiatives aim to continually enhance investors’ comprehension sessions organized specifically for directors
regulations concerning buybacks management of public opinion ESG information 14 of the Company’s value proposition. At the same time we enhance supervisors and senior management
disclosure and the preparation of annual reports. Additionally we invited securities investor interaction methods by disseminating regular reports interim
institutions to conduct training on standardized operations providing insights into announcements research reports and more via the Company’s investor
company governance listing regulations rules governing the acquisition or disposal relations public account. Additionally we produce visualized regular
of shares by directors supervisors and senior management as well as measures to reports for easier comprehension thereby expanding the channels
prevent insider trading. through which investors can access information.Corporate governance structure
General boards of
shareholders
Strategy Committee
Board of Supervisors
Nomination Committee
Remuneration and
Evaluation Committee Board of Directors
ESG Committee Secretary of the Board of Directors
Audit Committee Office of the Board of
Directors
Chairman
Internal Audit General Manager Office of General
Department ManagerJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 71
Risk management
Jinpan Technology continuously improves its internal control and risk management efforts establishing a robust risk management
mechanism with “three lines of defense” to ensure the efficient operation of the risk management organizational structure. In accordance
with the Guidelines for Risk Management (ISO 31000:2018) Risk Assessment Techniques (ISO 31010-2019) and COSO Enterprise Risk
Management - Integrated Strategy and Performance 2017 the Company constantly refines its risk management system. It has formulated
the Jinpan Technology Risk Management System to provide a safeguard for the Company’s steady development.The Company has implemented a comprehensive digital risk control management system to ensure effective monitoring of every business
link and process through a digital management platform. Leveraging this digital platform we can identify risks in real-time track progress
toward goals and facilitate barrier-free communication across hierarchical levels systems and departments ensuring immediate
accurate and complete information transmission. This system ensures that operational risks remain under control. At the same time
we have established a risk management supervision and improvement mechanism that links risk management-related indicators to the
performance of relevant department heads and employees. This initiative aims to heighten internal risk awareness within the Company
strengthen proactive risk management capabilities and enhance the Company’s responsiveness when confronted with risks. These efforts
bolster the Company’s continuous operational capability and lay a solid foundation for sustained growth.Jinpan Technology risk management mechanism with “three lines of defense”
All business divisions and business The Audit Committee under the audit The Board of Directors and the decision-
departments department and the Board of Directors makers
Identify the risks of relevant business Regularly checks the efectiveness of the Take the fnal responsibility for risk
processes in the risk management platform design and implementation of the control management and are responsible for
of Jinpan Technology determine the system and control procedures and approving risk management preferences
risk response plan timely report the risk promptly investigates the events that cause strategies policies and procedures
management business dynamics to the signifcant losses or adverse effects due to and determining the overall risk level
higher level risk managers and ensure the the failure of risk control so as to promote that the company can bear supervising
effective operations of the risk management the implementation and effectiveness of the risk management dynamics and the
system. business department's rectifcation plan. development of risk management and risk
management system.The
The first second The third
line of line of line of
defense defense defenseJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 72
Adhering to Business Ethics
Jinpan Technology continuously optimizes anti-corruption supervision inspection and restraint mechanisms actively cultivating a culture of integrity
and self-discipline within the organization. We strictly adhere to laws and regulations such as the Supervision Law of the People’s Republic of China
the Anti-Money Laundering Law of the People’s Republic of China and the Anti-Unfair Competition Law of the People’s Republic of China. The How to report
Company has formulated an Anti-Corruption and Anti-Bribery and Anti-Corruption Management System. This system delineates the responsibilities
of all employees to uphold principles of anti-corruption anti-monopoly anti-unfair competition and anti-money laundering promoting communication Tel: 86-0898-66811301 (ext.349)
and collaboration with all relevant stakeholders in accordance with the highest standards of business ethics. The Company’s audit department
conducts annual special audits on business ethics to comprehensively identify and evaluate potential fraud risk factors providing proactive Email: hanh@jst.com.cn
measures to prevent and mitigate corruption risk.To address potential corruption reporting incidents promptly impartially effectively and securely Jinpan Technology has instituted a comprehensive
reporting and investigation procedure. This procedure encompasses multiple complaint reporting channels including hotlines email and postal
mail and accepts allegations from any organization or individual.Upon receipt of a report the Company’s Board of Directors or designated personnel will promptly investigate the alleged misconduct and implement
appropriate corrective measures. Following verification of the report individuals implicated will face internal disciplinary action commensurate with
the severity of the case with serious offenses resulting in dismissal and referral to judicial authorities.The Company maintains strict confidentiality regarding the whistleblower’s information and report details refraining from disclosing the
whistleblower’s name department or contact information. Any retaliation against a whistleblower is strictly prohibited. Individuals who breach
confidentiality regulations or neglect their duties in handling reports as well as those who retaliate against whistleblowers or their families will
face severe consequences based on the circumstances. In cases involving evidence of criminal activity perpetrators will be handed over to the
appropriate authorities. Whistleblowers whose reports are verified as true resulting in the punishment of wrongdoers and the recovery or mitigation
of losses for the Company will receive recognition or rewards.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 73
The Company actively promotes the culture of integrity. In 2023 the
content of the Employee Handbook was updated to further clarify the
business behaviors and ethical standards that all employees should
follow engaging all employees in cultivating an integrity culture. The
Company annually engaged external lawyers to conduct a special
training session on business ethics standards for all employees.During the reporting period the company conducted internal training
for all employees on business ethics integrity and self-discipline and
confidentiality policies and conducted training sessions specifically
for directors supervisors and senior executives on financial fraud
risk prevention and compliance operation.In 2023 In 2023
Integrity Agreement's signing rate of Percentage of employees covered by Percentage of management covered by
employees anti-corruption trainings anti-corruption trainings
100%100%100%
Related corruption lawsuits Hours of anti-corruption training per employee Hours of anti-corruption training per management
0 case 2 hours 2 hoursJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 74
Deepening Responsible
Management Jinpan Technology has established an ESG Committee under the Board of Directors to deliberate and make decisions on significant ESG matters supervise the Company’s ESG performance and monitor progress toward ESG objectives. The ESG Working Group acts as the principal
We adhere to the ESG principles continuously improve the management and implementation body for the Company’s ESG-related initiatives reporting to both the Board of Directors and the ESG Committee
Company’s ESG management mechanism and advocate for on the Company’s ESG efforts. Comprising multiple functional departments relevant to ESG the working group collaboratively manages the
the integration of ESG into the Company’s development and strategic implementation objectives and action plans for its ESG efforts including the compilation review and publication of the Company’s
operations. We respond proactively to stakeholders’ expectations annual sustainability report.and concerns as we are committed to achieving sustainability.To further enhance ESG management standards Jinpan Technology developed the Jinpan Technology ESG Management Manual and the Jinpan
ESG management structure Technology ESG Indicator System in 2023. These documents provide guidance on ESG management and processes ensure reasonable resource allocation facilitate sustainable development decisions and monitor the progress and performance of ESG objectives across relevant departments.The Company employs goal-setting to drive improvement establishing short-term medium-term and long-term ESG management targets aligned
The Company has established a comprehensive ESG with each department's functions. These goals include clear execution paths and work plans as well as regular progress and results tracking to
organizational system comprising a three-tier structure ensure that ESG objectives are met effectively.consisting of the board of directors ESG committee and ESG
working group. To streamline operations we have developed To enhance the internal understanding of ESG efforts for improved risk
the Environmental Social and Governance (ESG) Working management and strategic planning the Company conducted several
Group Responsibility Handbook delineating responsibilities ESG-focused training sessions in 2023. These included ESG management
at each level. This ensures the effective operation of the ESG enhancement interviews and training TCFD training and SBTi training
management structure. enriching employees’ understanding of sustainable development.Jinpan Technology’s ESG management structure Furthermore Jinpan Technology actively exchanges ESG concepts with
partners fostering a shared commitment to sustainable development within
the industry ecosystem. At the 2023 Supply Chain Partner Conference
Board the Company discussed Jinpan Technology’s sustainability under theof Directors theme “Embracing ESG to Promote Green High-Quality and SustainableDevelopment.” During the 30th anniversary of Jinpan Technology and the
ESG Committee commissioning celebration of the Wuhan Jinpan Smart Technology Green
Industry Park the Company issued the Jinpan Technology Green Low-
Carbon Sustainable Development Initiative to all partners. This initiative
ESG Working Group advocates for the adoption of the ESG concept within the manufacturingTheme sharing on “Embracing the ESG to Promote Green High-Qualityand Sustainable Development” at the 2023 Supply Chain Partner industry and proposes the formation of a “Green Energy EquipmentConference Manufacturing Community of Shared Destiny” with strategic partners. Enviromental Social Governance
Group Group Group The goal is to achieve comprehensive development in green intelligent
manufacturing and foster mutual progress in the industry ecosystem.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 75
Stakeholder Expectations and requirements Communication channel Response
Improve the compensation system
Compliance employment and basic rights
protection Staff meetings Provide fair promotion channelsStakeholder communication Fair promotion and development Management meetings Strengthen staff training
Occupational health and safety Employee trainings Provide a safe and healthy working Employees Employee activities environmentWelfare and care
Provide care for employee
The understanding recognition and support of
Compliant operations
stakeholders for the Company’s sustainability efforts Investigation by institutions Compliance with laws and regulations Business ethics and anti-corruption
form the foundation for our continuous and effective paying taxesmanagement Correspondence
advancement of related work. We consistently Government/regulatory agency Job creationDriving local economic development
strengthen communication and participation with Corporate governance
stakeholders actively establishes platforms for Improve business management Business ethics and anti-corruption
communication and seeks to understand and respond management Shareholders’ meetings Convening shareholders’ meeting
to the concerns and expectations of all stakeholders Product quality and safety Information disclosure Receive investors’ visits
towards the Company. Shareholders/investors Continuous and stable returns Roadshows Distribute shareholder’s dividends
Transparent information disclosure Periodically disclose information
Stricter control over product quality
High-quality products and services
Strategic cooperation
Customer relationship management Customer research
Provide quality service
Product quality and safety Customer satisfaction surveys
Hold customer visits and training
Customers Responsible marketing Technological seminars Deliver customised products timely
Win-win cooperation
Perform contract and agreement
Open and transparent procurement
Anti-unfair competition Strategic cooperation
Integrity in fulfillment Technical exchange
Exchange and visits
Win-win cooperation Intellectual property protection
Industry forums
Suppliers and other partners Intellectual property protection Timely payment
Supply chain management Performance of contract and agreement
Build a green supply chain
Public welfare and donations Support for rural revitalization
Exchange and interviews
Emissions management Carry out educational charity
Volunteer service
Community and the public Resource use Carry out charity activitiesCommunity activities
Site biodiversity Employee voluntary serviceJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 76
Identification and analysis of material issues
We categorized Jinpan Technology’s key ESG issues in 2023 by considering global sustainability trends the status of the company's business Materiality issue determination process
development and the priorities of internal and external stakeholders. We identified the importance of ESG issues using questionnaire surveys on-
site interviews and other methods before analyzing and forming Jinpan Technology’s materiality matrix in 2023.Through analysis of domestic and international
ESG-related standards national regulatory policy
Issue requirements and the focus of the capital market
Jinpan Technology's 2023 Matrix for Analysis of Substantive Topic Importance identification along with industry benchmarking analysis and
consideration of the Company’s realities and
business layout we have selected 21 material
High material issues issues.Product quality and safety
Environmental issues Product quality and safety Green products
Social issues Occupational health and safety Occupational health and Employee employment
Emissions management We conducted questionnaire surveys among internal Governance issues safety and human rightsCustomer service and external stakeholders including employees
Customer service Energy management
R&D and Innovation Supply chain management Green products Issue government/regulatory bodies shareholders/
Employee employment and human rights Moderate material issues research investors customers community public suppliers/
Water resource management Energy management partners etc. with a total of 283 valid questionnaires
Renumeration and benefits Customer privacy and information security Emissions management Climate change adaptation collected.Diversity Equality and inclusion
Supply chain Diversity Equality and
Intellectual property protection Corporate governance
Responsible marketing management inclusion
Corporate governance Responsible marketing
Employee training and development Based on the questionnaire survey results we
Climate change adaptation R&D and Innovation Business ethics and
Business ethics and anti-corruption Issue prioritized issues from two dimensions: “Importance anti-corruption prioritization to the development of Jinpan Technology” and
Customer privacy and Renumeration and
information security benefits “Importance to stakeholders” to form the materiality
Public welfare and charity Water resource Employee training and matrix for Jinpan Technology.management development
Biodiversity conservation Intellectual property protection
General material issues The Company’s internal management and external
Issue
Biodiversity conservation Public welfare and charity experts reviewed the results of issue selection
Importance to Jinpan Technology's Development review ultimately determining the high material issues to
be prominently disclosed in the report.Importance to Jinpan Technology's StakeholdersJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Appendix 77
Appendix
Appendix I Key Performance Indicators
Enviroment Society
ESG indicators Unit 2023 ESG indicators Unit 2023 ESG indicators Unit 2023
Nitrogen oxides (NOX) emissions Tons 0.458 Tons of Water consumption Tons 224720
Scope 1 GHG carbon dioxide 1958
Sulfur dioxide (SO2) emissions Tons 0.023
equivalent
GHG
Tons of Water intensity
Tons/10000
yuan income 0.3368
Volatile organic compounds (VOCs) Tons 0.180 Scope 2 GHG carbon dioxide 6815emissions Water equivalent resource Reused water volume Tons 1236
Particulate matter emissions Tons 1.440 Tons of standard managementTotal energy consumption coal 5522.70 Industrial wastewater discharge volume Tons 27796
Total amount of non-hazardous waste Tons 3616.27
Tons of standard Tons/10000
Tons/10000 Energy consumption intensity coal / 10000 0.0083 Industrial wastewater discharge intensity 0.04166 Density of non-hazardous waste 0.0054 yuan incomeyuan income yuan income
Emissions Kitchen waste Tons 77.49 Packaging Electricity usage kWh 35875342 materials Packaging material usage Tons 1772.9
Quantity of waste cardboard Tons 108.49
Electricity intensity kWh/10000 Environmental investment amount 10000 yuan 570.85
Recycling volume of non-hazardous yuan income
53.770
waste Tons 2771.07 Others Number of Environmental incidents or
Purchased electricity kWh 27554865 administrative penalties for environmental Times 0
Disposal volume of non-hazardous waste Tons 3616.27 issues
Resource
Total amount of hazardous waste Tons 82.562 use PV self-consumption electricity kWh 8320478 Total number of employees Headcount 2207
Density of hazardous waste Tons/10000 0.00012 Installed capacity of deployed yuan income photovoltaic generation projects Megawatt 23 Full time staff Headcount 2207 By employment
Disposal volume of hazardous waste Tons 79.362 Clean energy usage ratio / green
type
Part time staff Headcount 0
electricity usage ratio % 36.21
Tons of Employee Senior management Headcount 11
GHG emissions (Scope 1 and Scope 2) carbon dioxide 8773 Natural gas 10000 standard cubic meter 67.4778
employement
equivalent Middle management Headcount 39
GHG Tons of Gasoline Litre 50234 By job level
Greenhouse gas emission intensity carbon dioxide General management Headcount 71
(Scope 1 & Scope 2) equivalent 0.013/10000 yuan Diesel Litre 22290 General employees Headcount 2086
income
Note: 1) The calculation of total greenhouse gas emissions in 2023 covers all production bases except for the Wuhan Jinpan Intelligent Technology Green Industry Park.
2) Total energy consumption covers all production bases.Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Appendix 78
ESG indicators Unit 2023 ESG indicators Unit 2023 ESG indicators Unit 2023
Male Headcount 1735 Southern China % 4.40 Senior management Hours 904
By gender
Female Headcount 472 Central China % 2.92 By employee Middle management Hours 2480
Northern China % 0.28 category General management Hours 5062 High school and
below Headcount 979 Employee By geographical Eastern China % 1.78 General employees Hours 162515
Associate degree Headcount 467 turnover region Northwestern China % 0.36 Total training hours for employee Hours 170961 By educational
background Southwestern China % 0.52 Employee The average training hours completed Bachelor’s degree Headcount 709 per employee Hours 77
Northwestern China % 0.44 training and
Graduate degree and development
above Headcount 52
Male Hours 75
Overseas % 0.20 By gender
Female Hours 86
Age 30 and under Headcount 630 Rate of labor contract signing % 100 Senior management Hours 82
By age Age 30-50 Headcount 1464 Remuneration Social insurance coverage rate % 100and welfare By employee Middle management Hours 64
Employee Average annual paid leave days per
Age 50 and above Headcount 113 Days 6 categoryemployement employee General management Hours 71
Southern China Headcount 956 Occupational Number of new cases of occupational
General employees Hours 78
diseases Headcount 0
Central China Headcount 616 health and Percentage of products sold or delivered % 0.008
safety Employee training coverage rate % 100 that were recalled for quality reasons
Northern China Headcount 53
Proportion Male % 100 Number of products and service-related
complaints received Headcount 13
By geographical Eastern China Headcount 259 of trained Product
region employees by Female % 100 quality and Complaint resolution rate for products Northwestern China Headcount 41 gender service and services % 100
Southwestern China Headcount 111 Number Male Headcount 1735 Customer satisfaction rate % 98.03
of trained
Northwestern China Headcount 61 employees by Number of products that have passed Female Headcount 472
gender various quality certifications
Each 306
Overseas Headcount 110
Proportion Senior management % 100
Investment Million yuan 351
Number of new employees Headcount 161
Employee of trained Middle management % 100 Total number Headcount 394Team
Employee turnover rate % 10.90 training and employees by General management % 100 Proportion % 17.85development employment
Male % 8.44 category General employees % 100 Cumulative patent technology Items 250
By gender Cumulative Items 31
Female % 2.46 Number Senior management Headcount 11 Product
Domestic
Invention patents
Employee of trained Middle management Headcount 39 R&D New Items 18
turnover Age 30 and under % 3.51 employees by Cumulative Items 206
employment General management Headcount 71 Domestic utility
Age 30-40 % 4.52 category model patents New Items 31
By age group General employees Headcount 2086
Age 41-50 % 1.66 Domestic and Cumulative Items 8 Trained hours by Male Hours 130361 foreign design
Age 50 and above % 1.21 gender Female Hours 40600 patents New Items 0Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Appendix 79
Governance
ESG indicators Unit 2023 ESG indicators Unit 2023
Number of Public
standards Cumulative Items 10 welfare and Total amount of donations 10000/yuan 81.97
Product participated in charity
R&D compilation
Number of products with calculated Revenue Billion yuan 6.668
carbon footprint Pieces 18 Total assets Billion yuan 8.529
Total number of suppliers Suppliers 1137 Economic
performance Net profit attributable to shareholders of Million yuan 505
Number of domestic suppliers Suppliers 1132 the listed company:
Social contribution per share yuan/share 2.57
Southern China Suppliers 371
Shareholders’ meetings Times 3
Northern China Suppliers 97
Eastern China Suppliers 557 Board of Directors meetings Times 13
Northwestern China Suppliers 27 Governance Supervisory Board meetings Times 8
Supply chain By geographical
management region Southwestern China Suppliers 57 Number of directors Headcount 6
Northwestern China Suppliers 21
Independent directors Headcount 2
Hong Kong Macao
and Taiwan Suppliers 2
Overseas Suppliers 5
Number of suppliers reviewed in
accordance with the practices relating to Suppliers 63
engaging suppliers
Supplier Integrity Agreement signing rate % 100
Number of participants in anti-corruption
training sessions Headcount 2207
Average duration of anti-corruption
training Hours 2
Number of employees attending anti-
Anti- corruption training
Headcount 121
corruption Management Integrity Agreement signing
rate % 100
Employee Integrity Agreement signing
rate % 100
Number of corruption lawsuits filed or
concluded Pieces 0Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Appendix 80
Appendix II GRI Content Index
Statement of use Jinpan Technology has reported with reference to the GRI Standards for the period 01/01/2023-31/12/2024.GRI 1 used GRI 1: Foundation 2021
Gri standard Disclosure Location Gri standard Disclosure Location Gri standard Disclosure Location
2-1 Organizational details P4-7 3-1 Process to determine material topics P76 304-1 Operational sites owned leased managed
2-2 Entities included in the organization’s GRI 3: Material 3-2 List of material topics P76 in or adjacent to protected areas and areas of P37
sustainability reporting P1 Topics 2021 GRI 304: high biodiversity value outside protected areas
3-3 Management of material topics P76 Biodiversity 2016
2-3 Reporting period frequency and contact 304-2 Significant impacts of activities products
point P1 GRI 201: 201-1 Direct economic value generated and and services on biodiversity
P37
Economic distributed P8
2-5 External assurance P1 P83 Performance 2016 305-1 Direct (Scope 1) GHG emissions P19 P26
2-6 Activities value chain and other business 205-1 Operations assessed for risks related to P63 P72
relationships P5 corruption 305-2 Energy indirect (Scope 2) GHG emissions P19 P26
2-7 Employees P49-51 GRI 205: Anti- 205-2 Communication and training about anti-
corruption 2016 corruption policies and procedures P63 P72-73
GRI 305: 305-4 GHG emissions intensity P26 P32
Emissions 2016
2-8 Workers who are not employees P50
205-3 Confirmed incidents of corruption and 305-5 Reduction of GHG emissions P19 P27-28
2-9 Governance structure and composition P70 actions taken P73
305-7 Nitrogen oxides (NOx) sulfur oxides (SOx)
2-10 Nomination and selection of the highest P70 302-1 Energy consumption within the and other significant air emissions
P35
GRI 2: General governance body organization P32-33
Disclosures 2021
2-11 Chair of the highest governance body P2 302-2 Energy consumption outside of the 306-1 Waste generation and significant waste- P35
GRI 302: Energy organization P32-33 related impacts
2-12 Role of the highest governance body in 2016
overseeing the management of impacts P69-70 302-3 Energy intensity P33 306-2 Management of significant waste-related
impacts P35
2-13 Delegation of responsibility for managing P70 GRI 306: Waste impacts 302-4 Reduction of energy consumption P32-33 2020 306-3 Waste generated P35
2-14 Role of the highest governance body in 303-1 Interactions with water as a shared
sustainability reporting P74 resource
P34
306-4 Waste diverted from disposal P77
2-16 Communication of critical concerns P75 303-2 Management of water discharge-related
impacts P34 306-5 Waste directed to disposal P77
2-23 Policy commitments P26 P30 GRI 303: Water
and Effluents 2018 303-3 Water withdrawal P34 308-1 New suppliers that were screened using
2-24 Embedding policy commitments P74 P63GRI 308: Supplier environmental criteria
Environmental
2-27 Compliance with laws and regulations P31 P37 P73 303-4 Water discharge P34 Assessment 2016 308-2 Negative environmental impacts in the P62-63
2-29 Approach to stakeholder engagement P75 303-5 Water consumption P34 supply chain and actions takenJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Appendix 81
Gri standard Disclosure Location Gri standard Disclosure Location
401-1 New employee hires and employee P50-51 GRI 408: Child 408-1 Operations and suppliers at significant risk turnover Labor 2016 for incidents of child labor P50
GRI 401:
Employment 2016 401-2 Benefits provided to full-time employees GRI 409: Forced
that are not provided to temporary or part-time P52 or Compulsory 409-1 Operations and suppliers at significant risk P50
employees Labor 2016 for incidents of forced or compulsory labor
403-1 Occupational health and safety P53 414-1 New suppliers that were screened using management system P61-63GRI 414: Supplier social criteria
Social Assessment
403-2 Hazard identification risk assessment 2016
and incident investigation P53 414-2 Negative social impacts in the supply chain and actions taken P61-63
403-3 Occupational health services P53
GRI 418: 418-1 Substantiated complaints concerning
403-5 Worker training on occupational health Customer Privacy breaches of customer privacy and losses of P48GRI 403: P53 2016 customer data
Occupational and safety
Health and Safety
2018 403-6 Promotion of worker health P53
403-7 Prevention and mitigation of occupational
health and safety impacts directly linked by P53
business relationships
403-8 Workers covered by an occupational
health and safety management system P53
403-9 Work-related injuries P53
404-1 Average hours of training per year per
GRI 404: Training employee P56
and Education
2016 404-2 Programs for upgrading employee skills
and transition assistance programs P54-55
GRI 405: Diversity
and Equal 405-1 Diversity of governance bodies and
Opportunity 2016 employees
P69
GRI 406: Non-
discrimination 406-1 Incidents of discrimination and corrective actions taken P502016
GRI 407: Freedom
of Association 407-1 Operations and suppliers in which the
and Collective right to freedom of association and collective P50
Bargaining 2016 bargaining may be at riskJinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Appendix 82
Appendix III Feedback Form
Respected Readers
Thank you for reading the Hainan Jinpan Smart Technology Co. Ltd. 2023 Environmental Social and Governance (ESG) Report. To better meet Email: info@jst.com.cn
your needs and provide more valuable information to you and all stakeholders while promoting Jinpan Technology’s comprehensive management Phone: 0898-66811301
capabilities and work performance and enhancing our ability and level of social responsibility we sincerely hope that you can provide valuable
feedbacks on the report. You can do so by contacting us through the following channels:
1. Which stakeholder category do you belong to 4. I n terms of the amount of information disclosed accuracy 6. What are your opinions and suggestions regarding the
□ Senior Management (including directors supervisors senior executives etc.) completeness readability and layout design in this report compilation of the ESG report by Jinpan Technology
□ Employees □ Customers □ Government/Regulatory Agencies you would rate them as follows:
□ Shareholders/Investors □ Suppliers/Partners Amount of information disclosed:
□ Non-Governmental Organizations □ Other:____________ □ Very High □ High □ Moderate □ Low □ Very Low
Accuracy:
2. Your overall impression of this report: □ Very High □ High □ Moderate □ Low □ Very Low
□ Excellent □ Good □ Fair □ Poor □ Very Poor Completeness:
□ Very High □ High □ Moderate □ Low □ Very Low
Readability:
3. How do you rate Jinpan Technology in the following aspects
□ Very Good □ Good □ Moderate □ Poor □ Very Poor
Corporate Governance:
Layout design:
□ Excellent □ Good □ Fair □ Poor □ Very Poor
□ Very Reasonable □ Reasonable □ Moderate □ Poor □ Very Poor If you are willing we welcome you to provide your personal
Environmental Management: information:
□ Excellent □ Good □ Fair □ Poor □ Very Poor
Social Responsibility: 5. W hat are your opinions and suggestions for Hainan Jinpan in Name:
□ Excellent □ Good □ Fair □ Poor □ Very Poor promoting sustainable development Occupation:
ESG Management: Organization:
□ Excellent □ Good □ Fair □ Poor □ Very Poor Contact:Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report Appendix 83
Appendix IV Independent Verification Statement
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TUV SUD Certification and Testing Tel: +86 21-61410737 TUV SUD Certification and Testing Tel: +86 21-61410737 TUV SUD Certification and Testing Tel: +86 21-61410737
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Shanghai 200070 Shanghai 200070 Shanghai 200070
ID: 252713 Revision: 0 - released Effective: 25 Aug 2023
ID: 252713 Revision: 0 - released Effective: 25 Aug 2023
ID: 252713 Revision: 0 - released Effective: 25 Aug 2023Jinpan Technology 2023 Sustainability Report Environmental Social And Governance Report G Governance —— Steady Progress Compliance Integrity and Implementation of ESG Concepts for Sustainable Corporate Development 84