Qingdao CIMC Refrigerated Transport Equipment Co., Ltd

2024 Social Responsibility Report

Reporting period: January 2024 to December 2024
Release date: February 1, 2025

Introduction
In the 2024 Social Responsibility Report of Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd., we sincerely present to all stakeholders the efforts and achievements made by the company in the field of social responsibility over the past year. This report aims to comprehensively and transparently showcase our practices and achievements in economic responsibility, environmental responsibility, social contribution, and employee care, in order to reflect Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd.'s profound understanding and firm commitment to social responsibility.
The preparation of this report strictly adheres to applicable laws and regulations, international standards, and industry norms, thereby ensuring the authenticity, accuracy, and completeness of its content. We hope that, through this report, we can not only communicate to the outside world the values and initiatives of Qingdao CIMC Refrigerated Transport Equipment Co., Ltd. in the realm of social responsibility, but also collaborate with all stakeholders to explore and advance the sustainable development of corporate social responsibility.
This report covers the period from January 2024 to December 2024, conducting a comprehensive social responsibility review of the entire process of the company's operations. Our target readers include shareholders, employees, customers, suppliers, government agencies, non-governmental organizations, and all members of the public who are concerned about the development of Qingdao CIMC Refrigerated Transport Equipment Co., Ltd.
At Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd., we deeply understand that as a member of society, our development cannot be separated from the support and trust of all sectors of society. Therefore, we always integrate social responsibility into our company strategy and daily operations, committed to achieving a harmonious unity of economic and social benefits. We believe that by continuously fulfilling its social responsibility, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. can not only contribute to the sustainable development of society, but also win wider recognition and respect.
In the following chapter, we will provide a detailed introduction to the specific practices and achievements of Qingdao CIMC Refrigerated Transport Equipment Co., Ltd. in terms of social responsibility. We look forward to witnessing every solid step of Qingdao CIMC Refrigerated Transport Equipment Co., Ltd. on the road of social responsibility with you.

Company Overview
Company Profile: Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. is located in Jiaozhou Bay Industrial Park, Xizhuang East Village, Jiulong Office, Jiaozhou City, Qingdao. It was officially established on November 30, 2007 and is wholly owned by CIMC Group. The company is invested by CIMC Vehicles (Group) Limited, China International Marine Containers (Hong Kong) Limited, and CIMC Vehicle Investment Holdings Company Limited.
The company operates a state-of-the-art production line equipped with high-precision, highly automated processing machinery that integrates advanced North American riveting and European bonding technologies. It manufactures and markets semi-trailers, automobiles, containers, and other transportation equipment, along with their spare parts, while also providing related technical services and maintenance. The company holds more than 60 patents, including over 10 U.S. patents and 6 invention patents. Its annual production capacity is 10,000 double-bend vehicles. The company’s core manufacturing facility in Qingdao spans 166 acres, with a Phase I plant covering 60,000 square meters, employing more than 500 staff and boasting an annual output of 10,000 vehicles. In addition, the company maintains three CKD assembly plants in Indiana, California, and Ontario, Canada, each with several hundred employees, which handle the final assembly of components sourced from the Qingdao facility.
Business Performance: The company is committed to high-quality development while upholding social responsibility, achieving steady growth in business performance and continuously generating economic value and momentum for societal development. During the reporting period, the company recorded stable operating revenue of RMB 670 million. It has deepened its industrial footprint, accelerated digital transformation and green technology innovation, and successfully tapped into emerging markets in the Global South. In the face of a complex and ever-changing market environment, the company has consistently adhered to the principle of compliant operations, rigorously complied with domestic and international laws and regulations, optimized its risk prevention and control system, and maintained zero major business-risk incidents for 17 consecutive years.
Social Responsibility Concept and Strategy
1. Social Responsibility Concept
At Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd., we firmly believe that the success of the enterprise is not only based on economic benefits, but also on how we give back to society with a responsible attitude, protect the environment, care for employees, and promote the overall well-being of society. Our social responsibility philosophy is rooted in the company's core values, which guide us on how to make decisions in daily operations and long-term development, ensuring that our actions always align with society's expectations and needs.
Our social responsibility philosophy includes:
1. Integrity-Based: We uphold honest management, comply with laws and regulations, and conduct all stakeholder relationships in accordance with the principles of fairness and transparency.
2. Sustainable Development: We are committed to achieving coordinated economic, social, and environmental development, and promoting green, low-carbon, and circular production methods through innovation and technological progress.
3. Putting people first: We respect the rights and interests of our employees, pay attention to their growth and development, and strive to create a safe, healthy, and harmonious working environment for them.
4. Social Contribution: We actively engage in social welfare initiatives, giving back to society through donations, volunteer services, and other forms of engagement, thereby contributing to the building of a harmonious society.
2. Social Responsibility Strategy
Based on the above social responsibility concept, we have formulated the following social responsibility strategies to guide our social responsibility practices in the coming period:
1. Strategic objectives:
·To become a benchmark enterprise for social responsibility in the industry and establish a good corporate and brand image.
·Achieve a win-win outcome that balances economic and social benefits, and promote the sustainable development of enterprises.
·Enhance employee satisfaction and sense of belonging, and build harmonious labor relations.
·Actively participate in social welfare initiatives and make positive contributions to social development.
2. Key implementation areas:
·Economic responsibility: Continuously optimize business management, improve economic efficiency, and create more value for shareholders; At the same time, actively fulfilling tax obligations and supporting national economic development.
·Environmental responsibility: Strengthen environmental management, promote energy conservation, emission reduction, and resource recycling; Carry out environmental protection publicity activities to enhance the environmental awareness of employees and the public.
·Social contribution: Increase investment in public welfare undertakings such as education, culture, and sports; Actively participate in social welfare projects such as poverty alleviation and disability assistance, and contribute to the harmonious development of society.
·Employee care: Enhance the employee welfare system and increase salaries and benefits; strengthen employee training and career development planning to improve their overall competence and competitiveness.
3. Implementation path:
·Establish a sound social responsibility management system: Establish a social responsibility leadership group and clarify the responsibilities of each department; Develop a social responsibility management system and process to ensure the implementation of responsibilities.
·Strengthen internal and external communication and cooperation: regularly communicate and exchange ideas with stakeholders, collect opinions and suggestions; Establish cooperative relationships with government departments, non-governmental organizations, etc., and jointly promote the development of social responsibility.
·Continuous monitoring and evaluation: Establish a social responsibility performance monitoring indicator system and regularly evaluate social responsibility practices; Timely adjust strategies and measures based on evaluation results to ensure the achievement of social responsibility goals.
By implementing the above social responsibility strategy, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. will continuously strive to improve its level of social responsibility fulfillment, and make greater contributions to the sustainable development of the enterprise and the harmonious progress of society.
Social Responsibility Practice
1. Economic responsibility
1.1 Promoting Economic Development
As a member of Qingdao CIMC Refrigerated Transport Equipment Co., Ltd., we are well aware of our important role in promoting local and even national economic development. During the reporting period, we achieved steady economic growth by continuously optimizing business processes, improving product quality and service levels. Our main economic indicators, such as operating revenue and total profit, have achieved year-on-year growth, creating substantial returns for shareholders and making positive contributions to the country's economic development.
1.2 Creating Employment Opportunities
We deeply understand that employment is the cornerstone of social stability and prosperity. Therefore, Qingdao CIMC Refrigeration Transport Equipment Co., Ltd. has been committed to providing stable and promising employment opportunities for its employees. During the reporting period, we not only maintained the stability of our workforce, but also created 53 new job opportunities, providing a platform for more talents to showcase themselves and realize their value.
1.3 Payment of Taxes
As a responsible corporate citizen, Qingdao CIMC Refrigerated Transport Equipment Co., Ltd. has always strictly complied with national tax regulations and paid taxes on time and in full. During the reporting period, we paid a total of 7220548.92 yuan in taxes, making our due contribution to the stable growth of national fiscal revenue. This not only reflects our respect for national laws, but also demonstrates our sense of responsibility as members of society.
1.4 Harmonious Unity of Economic and Social Benefits
While pursuing economic benefits, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. has always focused on the synchronous improvement of social benefits. We firmly believe that the long-term development of enterprises cannot be achieved without the support and trust of society. Therefore, when formulating business strategies, we always integrate social responsibility and strive to achieve a harmonious unity of economic and social benefits. Through our efforts, we have not only enhanced the competitiveness of the enterprise, but also made positive contributions to the sustainable development of society.
2. Environmental Responsibility
2.1 Environmental Protection Concept and Commitment
At Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd., we deeply understand the importance of environmental protection and regard it as the cornerstone of sustainable development for the enterprise. We promise to uphold the development concept of green, low-carbon, and circular, reduce our impact on the environment through continuous improvement and innovation, and contribute to the sustainable development of the global environment.
2.2 Construction of Environmental Management System
To ensure the effective implementation of environmental protection efforts, we have established a comprehensive environmental management system and rigorously adhere to relevant standards and specifications. During the reporting period, we further strengthened the organizational structure for environmental management, clarified the environmental responsibilities of each department, and ensured that our environmental protection activities are systematic and standardized.
2.3 Energy Conservation, Emission Reduction, and Resource Recycling
Energy conservation and emission reduction are integral components of our environmental responsibility. During the reporting period, we implemented a range of initiatives, including optimizing production processes, introducing energy-efficient equipment, and promoting clean energy, which effectively reduced energy consumption and emissions. At the same time, we placed a strong emphasis on resource recycling, enhancing resource utilization efficiency and minimizing resource waste through practices such as waste collection and reuse.
2.4 Environmental Protection Promotion and Education
We are fully aware that enhancing environmental awareness is the key to achieving effective environmental protection. To this end, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. actively conducts environmental protection publicity and education initiatives through a variety of channels, including internal training, external outreach, and community service activities, with the aim of raising environmental awareness among employees and the general public, promoting green lifestyles, and further embedding environmental protection principles in everyday practice.
2.5 Environmental Performance Monitoring and Improvement
To continuously assess and enhance our environmental performance, we have established an environmental performance monitoring index system and conduct regular monitoring and analysis of various environmental indicators. During the reporting period, we promptly formulated improvement measures in response to identified issues and tracked their implementation outcomes, thereby ensuring the ongoing refinement and effective strengthening of our environmental protection efforts.
2.6 Coping with Climate Change
In the face of the challenge of global climate change, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. has taken proactive measures and developed and implemented strategies to address this issue. We are committed to mitigating our impact on climate change and contributing to global climate governance by reducing greenhouse gas emissions, enhancing energy efficiency, and promoting the use of renewable energy.
3. Social Contribution
3.1 Public Welfare and Charitable Activities
Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. has consistently upheld the principle of giving back to society and actively engaged in a wide range of public welfare and charitable initiatives. During the reporting period, we organized our employees to participate in volunteer activities, including charitable donations and tree-planting campaigns, thereby contributing collectively to the building of a harmonious society.
3.2 Educational Support
Education is the cornerstone of national rejuvenation and social progress. In order to support the development of education, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. actively invests in educational resources and carries out a series of educational support activities. We cooperate with Dalian Jiaotong University to establish a school enterprise cooperation mechanism, accept outstanding graduates, and help solve the problem of difficult employment for college students.
3.3 Cultural Inheritance and Promotion
As an active practitioner of cultural inheritance and promotion, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. is committed to promoting excellent traditional Chinese culture, promoting cultural innovation and development. During the reporting period, we held Dragon Boat Festival and Mid Autumn Festival celebrations, such as cultural exhibitions and art performances, providing the public with rich cultural experiences and enhancing cultural confidence and inheritance awareness.
3.4 Effectiveness and Impact of Social Contributions
Through the aforementioned social contribution activities, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. has not only won widespread praise from all sectors of society, but also achieved significant results and influence. Our public welfare and charity activities have helped many people in need, educational support activities have laid a solid foundation for cultivating outstanding talents, cultural inheritance and promotion activities have enriched the spiritual and cultural life of the public, disaster rescue and emergency response work have demonstrated the responsibility and commitment of enterprises, and community co construction and sharing activities have promoted the harmonious development of the community.
4. Employee Care
4.1 Employee Benefits and Treatment
Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. firmly believes that employees are the company’s most valuable asset. Accordingly, we are committed to providing comprehensive and generous benefits and compensation to our workforce. During the reporting period, we not only offered market-competitive salaries and benefits but also ensured that all employees were covered by a robust social security package, including pension insurance, medical insurance, unemployment insurance, work-related injury insurance, and maternity insurance, thereby fully safeguarding their basic living standards.
4.2 Career Development and Training
To foster employees’ personal growth and career development, Qingdao CIMC Refrigeration Transport Equipment Co., Ltd. has established a comprehensive training system and provides a diverse array of training resources. During the reporting period, the company organized numerous professional skills training sessions, management enhancement courses, and onboarding programs for new employees, helping staff improve their professional competencies and broaden their career advancement opportunities. At the same time, the company encourages employees to participate in external training and pursue further education, thereby continuously enhancing their competitive edge.
4.3 Working Environment and Facilities
To foster a comfortable and safe working environment, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. has continuously optimized and upgraded its office facilities. We have provided employees with state-of-the-art office equipment, designed spacious and well-lit workspaces, and enhanced the landscaping and aesthetic appeal of the office area. In addition, we place great emphasis on workplace safety management, conducting regular safety training sessions and emergency drills to ensure the comprehensive protection of our employees’ personal safety.
4.4 Employee Health and Care
Employee health is a key concern for Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. During the reporting period, we regularly organized health check ups for our employees to promptly identify and address potential health issues. At the same time, we also provide psychological health lectures for employees to help them maintain their physical and mental health.
4.5 Employee Communication and Feedback
To strengthen communication and foster closer ties between employees and the company, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. has established a multi-channel communication mechanism. We regularly organize employee forums and opinion-gathering initiatives to listen to employees’ voices and suggestions and promptly address any challenges they encounter in their work. At the same time, we encourage employees to submit feedback and appeals through internal emails, anonymous suggestion boxes, and other channels, ensuring that their input receives timely and effective responses.
4.6 Effectiveness and Impact of Employee Care
By implementing the above-mentioned employee care measures, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. has not only improved employee satisfaction and loyalty, but also stimulated their work enthusiasm and creativity. Our employee care work not only helps to build harmonious labor relations, but also injects strong impetus into the development of the enterprise. In the future, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. will continue to adhere to the concept of "people-oriented", continuously improve the employee care system, and create a better working environment and development space for employees.
Future prospects
Looking ahead, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. will remain committed to its core mission of social responsibility, continuously deepening our efforts in environmental stewardship, community contribution, and employee well-being. We will proactively align with national policies and industry standards, further refine our environmental protection initiatives, promote green, low-carbon, and circular production practices, and contribute to the building of an ecological civilization. At the same time, we will expand the scope and impact of our social contributions by engaging in more public welfare and charitable activities, educational support programs, and initiatives to preserve and promote cultural heritage, thereby giving back to society and fostering harmonious social development. In terms of employee care, we will continue to enhance our benefits and welfare programs, provide greater opportunities for career growth, and create a more comfortable, safe, and healthy work environment, ensuring that every employee feels the warmth and care of a second home.
Conclusion
Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. is fully aware that social responsibility is the cornerstone of corporate development and the very embodiment of corporate value. We will continue to uphold our core values of “responsibility, innovation, and sharing,” actively fulfill our social responsibilities, and contribute to the sustainable development of society. We are confident that, through the concerted efforts of all our employees and the strong support of all sectors of society, Qingdao CIMC Refrigeration and Transportation Equipment Co., Ltd. will usher in an even brighter future, emerge as a leader in the field of social responsibility, and make greater contributions to building a harmonious society and advancing social progress.