Wuxi Xinyu Cable Co., Ltd. 2024 ESG (Environmental, Social, and Governance) Report

Company Profile

Wuxi Xinyu Cable Co., Ltd., located in Guanlin Town, Yixing City, Jiangsu Province, on the beautiful shores of Lake Tai, is a joint-stock cooperative enterprise specializing in the production of various wires and cables. Established in 1996, the company possesses fixed assets exceeding 100 million yuan, occupies a land area of over 160,000 square meters, including 36,000 square meters of production facilities, and employs more than 600 staff members, among whom over 150 are senior-level technical personnel. In recent years, the company has been honored with numerous accolades from higher-level governments and regulatory authorities, including: “Jiangsu Province Specialized, Refined, Distinctive, and Innovative SME” “Jiangsu Province High-Tech Enterprise” “Jiangsu Province Green Factory” “Nationally User-Satisfactory Product” “Jiangsu Province Quality Trustworthy Enterprise” “Jiangsu Province User-Satisfactory Product” “Jiangsu Province Well-Known Enterprise” “Wuxi Top 100 Private Enterprises” “Contract-Honoring and Creditworthy Enterprise” “Wuxi City Dual-Civilization Unit” “Wuxi City Advanced Collective” Wuxi Advanced Collective,“ and ”Wuxi Industrial Star Enterprise.“ Its products have earned accolades including ”Ministry of Industry and Information Technology Scientific and Technological Innovation Achievement,“ ”Ministry of Light Industry Quality Product,“ ”Jiangsu Famous Brand Product,“ and ”Wuxi Famous Brand Product." Equipped with advanced production facilities and comprehensive testing capabilities, the company primarily manufactures: computer cables, flame-retardant and fire-resistant power cables, flame-retardant and fire-resistant cross-linked power cables, halogen-free low-smoke environmentally friendly power cables, photovoltaic cables, and shielded cables. These encompass nine major categories with over 500 varieties. Our products hold certifications including the China Compulsory Product Certification (CCC), National Industrial Production License, PCCC Electrical Energy Product Certification, and TÜV Rheinland Certification. Our company has integrated into the State Grid Corporation of China's Smart IoT Platform for Electrical Equipment. Products are distributed nationwide and enjoy a high reputation in the competitive market. 

While continuously expanding our corporate scale, we adhere to the principle of survival through quality, constantly refining management measures. We have successfully obtained ISO 50001 Energy Management System Certification, ISO 9001 Quality Management System Certification, ISO 14001 Environmental Management System Certification, and ISO 45001 Occupational Health and Safety Management System Certification. Alongside enhancing our management systems, the company has established quality assurance institutions including a Cable Research Institute, National Quality Management Office, Quality Inspection Center, and Metrology Laboratory. The company steadfastly implements its guiding principle: “Quality yields benefits; credibility is fundamental.” Driven by technological advancement, it continuously upgrades its technical capabilities, optimizes product structures, and better adapts to market demands. Seizing the significant opportunities presented by the transformation of urban and rural power grids, the company will fully leverage its strengths to contribute more to the development of China's power industry. 

Though the path ahead may be arduous, we press forward with renewed vigor. Bathed in the spring breeze of reform and opening-up, Wuxi Xinyu Cable Co., Ltd. has achieved remarkable progress across all its endeavors. As humanity enters the 21st century and China pursues policies to expand domestic demand for economic growth, Xinyu remains perpetually driven to advance. We are committed to delivering premium services and first-class products, making our due contribution to China's power industry. 

“Grasp the present, plan for the future.” Wuxi Xinyu Cable Co., Ltd. will steadfastly uphold the principle of “prioritizing quality and pursuing development.” We consistently embrace the spirit of mutual benefit, integrity, and proactive innovation. Through superior products, excellent service, and fair pricing, we will win market recognition and serve both new and existing clients. 

Corporate ESG Management Framework

The company has established a top-down ESG management framework to ensure the efficient advancement of ESG initiatives. The company's sustainable development strategy, objectives, and implementation are planned and executed under the overall coordination of the President. The Board of Directors exercises oversight and decision-making authority over ESG matters. The ESG executive layer comprises departmental management teams, who serve as responsible parties for their respective domains to ensure the effective execution and implementation of ESG work. 

To further drive and incentivize sustainable development governance, the company links ESG performance metrics to the performance of relevant departments within the ESG executive layer. The company has established reasonable assessment weightings and implements reward and penalty measures based on annual assessment results. 

Business Scope

Licensed Projects: Wire and cable manufacturing; power generation, transmission, and supply (distribution) services (Projects requiring approval must obtain relevant departmental authorization before operation; specific projects subject to approval outcomes)

General Projects: Wire and cable trading; optical cable manufacturing; optical cable sales; plastic product manufacturing; plastic product sales; metal wire rope and product manufacturing; metal wire rope and product sales; Manufacture of wooden containers; Sale of wooden containers; Import and export of goods; Import and export agency services; Technical services, technical development, technical consultation, technical exchange, technology transfer, and technology promotion (except for items subject to approval by law, business activities may be conducted independently in accordance with the business license)

Corporate Honors

Since its establishment, Wuxi Xinyu Cable Co., Ltd. has earned widespread acclaim and recognition for its exceptional product quality, advanced technological innovation, and strong corporate reputation. 

The company has been honored with titles such as “Wuxi City Model Unit for Dual Civilization,” “Wuxi City Advanced Collective,” and “Wuxi City Industrial Star Enterprise,” highlighting its significant contributions to local economic development. Concurrently, its products have been awarded honors including “High-Quality Product of China's Ministry of Light Industry” and “Wuxi City Famous Brand Product,” fully demonstrating the company's leading position in the wire and cable sector. 

In recent years, Wuxi Xinyu Cable Co., Ltd. has also received numerous corporate honors and individual accolades for its engineers, including provincial and national awards. These recognitions not only affirm the company's past efforts but also serve as motivation and encouragement for future development.

Wuxi Xinyu Cable Co., Ltd. will continue to uphold the principles of integrity in business and quality as its foundation, relentlessly pursuing excellence to create greater value for society. 

System Certification

System standards represent a crucial indicator of modern enterprise management, a vital pathway toward legalized corporate governance, and an effective mechanism for establishing proactive self-improvement and continuous refinement!

To consistently deliver products and services that meet customer requirements and applicable legal regulations, enhance opportunities for customer satisfaction, and manage risks and opportunities related to organizational environment and objectives, the company has obtained Quality Management System certification. 

The company consistently conserves energy resources, reduces operational costs, maintains emission compliance, minimizes pollution fees, enhances market competitiveness, and contributes to environmental protection. It has obtained Environmental Management System certification and holds the corresponding certificate.

The company continuously strives to reduce workplace accidents, eliminate occupational health hazards, improve working conditions, minimize business losses, motivate employees, and contribute to social stability. It has obtained Occupational Health and Safety Management System certification and holds the corresponding certificate. 

The company has successfully obtained other green management-related certification certificates. These certifications not only fully affirm the company's long-standing commitment to environmental protection and proactive implementation of green production management but also signify that the company has reached new heights in energy conservation, emission reduction, and resource recycling.

Taking this as an opportunity, Xinyu Cable will continue to uphold the concept of green development, continuously optimize production processes, enhance the environmental performance of its products, contribute to the green transformation of the cable industry, and lay a solid foundation for the sustainable development of the enterprise. 

Talent Strategy and Development

The company has always placed high importance on talent strategy and development, viewing it as the core driver of corporate growth.

Adhering to the principle of “primarily internal development supplemented by external training,” the company is committed to building a young, professional team. To achieve this goal, it not only actively recruits high-level management and technical talent but has also established a comprehensive talent development system. Through initiatives like the “Rookie Eagle Program,” “Soaring Eagle Program,” and “Elite Eagle Program,” the company provides targeted training and development for employees at different levels and with varying potential. This aims to cultivate versatile professionals equipped with both specialized skills and comprehensive management capabilities.

Simultaneously, the company emphasizes continuing education and career advancement, offering abundant training resources and promotion opportunities to encourage employees' continuous learning and growth. This people-oriented talent development philosophy not only enhances employees' individual capabilities and professional competence but also provides a continuous source of momentum for the company's sustained development and innovation.

Moving forward, Wuxi Xinyu Cable Co., Ltd. will continue to deepen its talent strategy and intensify talent cultivation efforts, laying a solid foundation for the company's long-term development.

ESG Management 

Wuxi Xinyu Cable Co., Ltd. has achieved significant results in ESG (Environmental, Social, and Governance) management.

In environmental management, the company actively adopts eco-friendly materials and advanced processes, striving to reduce energy consumption and emissions during production while intensifying efforts in waste recycling to achieve green manufacturing. Additionally, the company actively participates in various environmental public welfare activities, promoting overall green development in society. 

In social management, Wuxi Xinyu Cable Co., Ltd. prioritizes employee welfare and career development by providing comprehensive training systems and promotion opportunities, fostering a positive work environment. The company also actively engages in community development and social welfare initiatives, contributing to the building of a harmonious society. 

In governance, the company has established a robust corporate governance structure to ensure scientific and compliant decision-making. It strengthens internal controls and risk management to guarantee financial transparency and compliant operations. Furthermore, the company actively communicates and collaborates with stakeholders including investors, customers, and suppliers to build mutually beneficial partnerships. 

Moving forward, Wuxi Xinyu Cable Co., Ltd. will continue to deepen its ESG management practices, continuously enhance the company's sustainable development capabilities, and create greater value for society.

Leadership Statement

To our valued friends from all sectors of society, partners, and all employees:

On the occasion of the 2025 Spring Festival, the leadership of Wuxi Xinyu Cable Co., Ltd. extends our heartfelt gratitude to all friends who have consistently shown concern and support for our company. We fully recognize that every step of our company's growth relies on your trust and support. We hereby solemnly declare the following:

Since its establishment, Wuxi Xinyu Cable Co., Ltd. has consistently upheld the corporate spirit of integrity, pragmatism, and innovation, dedicating itself to the research, development, production, and sales of wires and cables. Through years of effort, we have established a strong brand image within the industry and earned the trust of our extensive customer base. 

We recognize that corporate success extends beyond economic gains to encompass societal contributions. Therefore, we prioritize ESG (Environmental, Social, and Governance) management as a cornerstone of our development. In environmental protection, we actively adopt eco-friendly materials and processes, striving to reduce energy consumption and emissions for sustainable production. Regarding social responsibility, we emphasize employee welfare and career development while actively participating in community building and public welfare initiatives. Regarding corporate governance, we have established a robust legal governance structure to ensure scientific and compliant decision-making.

Moving forward, Wuxi Xinyu Cable Co., Ltd. will remain steadfast in our founding mission, continuously enhancing product quality and service standards. We will intensify R&D investments, introduce advanced technologies, and optimize our product portfolio to meet increasingly diverse customer demands. Simultaneously, we will actively expand domestic and international markets, seek new collaboration opportunities, and drive the company toward higher levels of development. 

We firmly believe that only through integrity in business operations and innovation in development can we earn our customers' trust and support. Wuxi Xinyu Cable Co., Ltd. will continue to uphold this philosophy, contributing our strength to the prosperity and development of society.

Once again, thank you for your care and support! Let us join hands to forge a brighter future together! 

Stakeholder Communication

The company fully recognizes that effective communication with stakeholders is crucial for sustainable development and success. To this end, we have established a comprehensive and open communication mechanism designed to ensure smooth interaction and collaboration with all stakeholders.

Our stakeholders include employees, customers, suppliers, investors, government and regulatory bodies, communities, and environmental organizations. To ensure effective communication with each group, we employ multiple channels and methods. For instance, we regularly convene employee assemblies to gather feedback and suggestions, safeguarding employee rights and interests. We maintain close communication with customers to promptly understand their needs and deliver customized solutions. We cultivate long-term partnerships with suppliers to jointly advance supply chain optimization and upgrading.

Simultaneously, we actively engage in transparent communication with investors through our Investor Relations department, regularly publishing financial reports and ESG reports to keep investors informed about the company's operational performance and sustainable development strategies. Furthermore, we maintain close collaboration with government and regulatory bodies to ensure compliance with laws and regulations, while actively participating in the development and promotion of industry standards. 

We also place high importance on community and environmental organizations. We actively engage in community outreach activities to foster positive relationships, and proactively partner with environmental groups to advance sustainability initiatives. 

Wuxi Xinyu Cable Co., Ltd. remains committed to effective communication with all stakeholders to jointly advance corporate sustainability and societal prosperity. We believe that through collaborative efforts, we can collectively create a brighter future.

Privacy Protection

Wuxi Xinyu Cable Co., Ltd. fully recognizes the importance of personal privacy protection. We pledge to strictly comply with relevant laws and regulations, dedicating ourselves to safeguarding the privacy and security of all personal information shared with us. 

We have implemented a series of stringent technical and managerial measures to ensure that the collection, use, storage, and transmission of personal information comply with legal requirements. We collect only the personal information necessary to deliver our services, clearly informing individuals of the purpose, methods, and scope of such collection. Furthermore, we employ encryption technologies and other security measures to safeguard the secure storage and transmission of personal information. 

Wuxi Xinyu Cable Co., Ltd. pledges that without explicit consent from the data subject, we will not use personal information for purposes unrelated to service provision, nor will we unlawfully provide or disclose personal information to third parties.

We will continuously monitor developments in privacy protection, continually refine our privacy safeguards, and provide users with more secure and reliable services. For any privacy-related inquiries or suggestions, please feel free to contact us at any time. 

Materiality Assessment

Throughout our operations, the company adheres to rigorous materiality assessment criteria. We conduct comprehensive evaluations of potential issues across multiple dimensions, including environmental impact, social responsibility, corporate governance, and business continuity.

We focus on the long-term environmental implications of issues, such as energy consumption and waste management, while also prioritizing their effects on employee well-being, community relations, and consumer rights. At the corporate governance level, we examine how issues affect decision-making transparency, risk management, and compliance. Furthermore, we consider potential threats to corporate reputation, brand value, and business continuity.

Wuxi Xinyu Cable Co., Ltd.'s materiality assessment aims to ensure alignment between corporate strategy and sustainable development goals, fostering harmonious coexistence between the company and its stakeholders. We will continuously refine our assessment criteria to adapt to evolving external environments. 

Responding to the United Nations Sustainable Development Goals (UNSDGs)

1. No Poverty

The company continuously assists impoverished employees' families in overcoming hardship. For years, it has actively participated in social poverty alleviation efforts, helping improve the lives of impoverished residents and delivering holiday gifts and blessings to them during festivals.

2. Gender Equality

The company prohibits gender discrimination, implements equal pay for equal work between men and women, safeguards the legal rights and benefits of female employees, and gradually increases the proportion of women in management positions. 

3. Clean Water and Sanitation

Domestic wastewater generated by company operations is properly treated to meet discharge standards or enters municipal sewage systems, preventing pollution of local rivers and lakes.

4. Affordable and Clean Energy

The company is progressively increasing its use of clean energy sources, including green electricity.

5. Decent Work and Economic Growth 

Forced labor and child labor are strictly prohibited. The company provides a competitive compensation and benefits system, fostering a positive corporate culture and work environment where employees take pride in being part of the company.

6. Reduced Inequalities

The company respects and safeguards the human rights of every employee, ensuring no discrimination based on age, gender, disability, race, ethnicity, origin, religion, or economic status. It actively prevents and eliminates all forms of inequality. 

7. Responsible Consumption and Operations

The company maximizes resource efficiency across all operational processes through rigorous management to minimize environmental impact. Prioritizing operational safety as its foremost responsibility, the company strives to create secure and healthy work environments for employees.

8. Climate Action

The company actively implements energy conservation and consumption reduction initiatives to combat climate change. It sets energy-saving targets for factories, linking them to executive performance evaluations, and establishes a climate change risk management system. 

9. Peace, Justice, and Strong Institutions

The company continuously refines corporate governance, strengthens anti-corruption efforts, and commits to establishing an efficient and transparent governance system.

10. Partnerships for the Goals

The company builds symbiotic, mutually beneficial relationships with partners, collaborating with upstream and downstream supply chain partners to advance sustainable management.